Harmonic Analysis - page 345
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Hi, would anybody want to test out hourly harmonic signals, there is an experimental page opened,
posting harmonics from hourly time frame every hour.
Signals | forexsticks.com | Forex Super Signals
I admit, the signals are good, showing good potential set-ups.
Hi, looks like this excellent thread is quiet lately...
I have just published a basic video about the Dragon pattern of Suri Duddella, if anybody is interested might watch it here:
https://youtu.be/ofsUg5wDKos
https://www.youtube.com/watch?v=ofsUg5wDKos&feature=youtu.be
I really find it to be prosperous!
I wish you good luck, and good pips!
Hi guys,
I have compiled a short and dirty review of harmonic indicators I found available for different platforms on the www market nowadays (2015)..
The review with links to the authors' site can be viewed or downloaded here..
https://www.academia.edu/17278713/Ha...e_WWWilde_2015
I hope it will help you to select the best for your trading!
Also one might be interested in checking out the the new-age Dragon pattern of Suri Duddella here:
https://www.youtube.com/watch?v=ofsUg5wDKos
and here
https://www.youtube.com/watch?v=mOzOiAw61rU
Good luck, and I hope it helps somewhat with harmonic trading of yours.
Hi again, still very quiet in here.
Re-published some Dragon Neo-harmonic basics inspired by Suri Duddella and some indicators helping you to spot the beast. Good luck, and a lot of pips to you!
https://www.academia.edu/s/4ba0f5a543
or another place to have a glance at it:
http://www.for-exe.com/gaborspage.html
@lobogabor
Thank you for this valuable compilation.
Hi guys,
I have compiled a short and dirty review of harmonic indicators I found available for different platforms on the www market nowadays (2015)..
The review with links to the authors' site can be viewed or downloaded here..
https://www.academia.edu/17278713/Ha...e_WWWilde_2015
I hope it will help you to select the best for your trading!
Also one might be interested in checking out the the new-age Dragon pattern of Suri Duddella here:
https://www.youtube.com/watch?v=ofsUg5wDKos
and here
https://www.youtube.com/watch?v=mOzOiAw61rU
Good luck, and I hope it helps somewhat with harmonic trading of yours.Useful post. Thanks
Hi guys,
I have compiled a short and dirty review of harmonic indicators I found available for different platforms on the www market nowadays (2015)..
The review with links to the authors' site can be viewed or downloaded here..
https://www.academia.edu/17278713/Ha...e_WWWilde_2015
I hope it will help you to select the best for your trading!
Also one might be interested in checking out the the new-age Dragon pattern of Suri Duddella here:
https://www.youtube.com/watch?v=ofsUg5wDKos
and here
https://www.youtube.com/watch?v=mOzOiAw61rU
Good luck, and I hope it helps somewhat with harmonic trading of yours.How did the new patters perform in trading?
How did the new patters perform in trading?
Not directly related to that pattern, but it might be interesting (shows a lot of patterns and how to trade them) :
There have been 202,279 Gartley patterns we have tested in our database as of the weekend of November 11, 2012. 102,173 are bearish and 100,106 have been bullish. The Gartley pattern has been found 25.9% of the time out of all the harmonic patterns – making it one of the most common. 11,688 bearish and 11,510 bullish Gartley patterns have not reversed 15% of the movement from C to D. This is a failure rate of 11.4% of reversing (this is not an accuracy rating to the target, this is a reversal of a % of a move).
To look at the hit rate on the target we need to focus on Gartley patterns we would trade. We are not going to trade a pattern where our risk vs reward is anything less then 2:1, meaning our gain is twice as big as our risk. When we look at the total patterns of the Gartley, there are 202,279 of which only 34,248 Gartley patterns actually fit the criteria any trader (at least those at fxgroundworks) would use as a minimum. Which means right off the bat only 16.9% of the time should a Gartley pattern even be considered. Then you would apply our structure ratings on them to make sure the Gartley patterns are clear and obvious.
Gartley in his work did not take the microscopic sort of patterns that some pattern software will use, and that any Gartley pattern that could be measured from highs to lows and fit the ratios of the Gartley would count. This is another one of the problems of a low success rate – that is, are you using indicators that you do not understand, nor know how they work? For example, what is the built-in tolerance level on some of these indicators and how does it effect the Gartley patterns that you’re looking at? More on that in our members post on harmonic indicators.
So let’s take out all the “garbage” type patterns and look at the ones that are clear and obvious in the market. That will leave you with 1267 Gartley patterns when you apply an 80% or higher structure rating (clarity) on a Gartley pattern (bullish or bearish) that has a risk vs reward of 2:1. Which means you are only going to want to trade them 0.6% of the time whenever they are “detected” in the market.
So, if Gartley only looked at the clear patterns that were visible with the eye (which to be honest makes the most sense since he wouldn’t have had a computer back in mid 1930’s) – and I also think it’s safe to assume that he also used some money management techniques like a valid risk vs reward, then we can assume 1267 Gartley patterns over the course of a 5 year period isn’t a large stretch. With about 260 trading days in a year that gets us around 1 Gartley pattern a day on all the currency pairs.
I had mentioned the harmonic pattern indicators before with a large tolerance level. If you used some of these to count all the Gartley patterns you would probably triple the number of Gartleys found from 200K to about 600K, because the number of Gartley patterns that are found increases with ratios that identify a Gartleypattern with the wrong ratios. This is because their tolerance level is so high, a ratio that might be only a 78.6 would be valid as an 88.6 for example.
However, when you take into consideration the FXGroundworks structure ratings (clarity), a minimum risk vs reward and the Gartley patterns a trader would actually make, you will find a 68.2% success rate.
Further, we have concluded that it is of paramount importance that you apply the risk vs reward and structure ratings in your trading to hit that 68.2% success rate on the Gartley patterns. Failure to do this will decrease your chances of success, which is why many of our members have stayed with us for so long, as it provides them with a clear advantage. Going through over 200K patterns to find only 0.06% of them (or just over 1200) that are actually decent to trade, can be a daunting task.https://www.fxgroundworks.com/blogs/...rn-statistics/
Not directly related to that pattern, but it might be interesting (shows a lot of patterns and how to trade them) :
https://www.fxgroundworks.com/blogs/...rn-statistics/Thanks for the link and the article. I find it informative
Good to know, thank you.