Welcome to Forex-TSD!, one of the largest Forex forums worldwide, where you will be able to find the most complete and reliable Forex information imaginable.
From the list below, select the forum that you want to visit and register to post, as many times you want. It’s absolutely free. Click here for registering on Forex-TSD.
Exclusive Forum
The Exclusive Forum is the only paid section. Once you subscribe, you will get free access to real cutting-edge Trading Systems (automated and not), Indicators, Signals, Articles, etc., that will help and guide you, in ways that you could only imagine, with your Forex trading.
Elite Section
Get access to private discussions, specialized support, indicators and trading systems reported every week.
Advanced Elite Section
For professional traders, trading system developers and any other member who may need to use and/or convert, the most cutting-edge exclusive indicators and trading systems for MT4 and MT5.
Harmonic numbers are price swings that repeat with such consistency that they can be used to predict how far a price swing may go and where to place a stop when the trade is wrong. Harmonic numbers are best used for short term swing trading – from intraday to three or five day swings.
In order to find harmonic numbers you should examine 30-minute charts of the stock you are following. Find the one price swing that appears most often. This will be the harmonic number for that stock. However, don't stop there! Multiply that price swing by 1.27 and 1.618 and you will find the larger swings as well. It is necessary to gather a sample size of at least 100 to make it statistically accurate.
Completing the search for harmonic numbers will accomplish one very important principle of understanding why markets work the way they do. All price swings are related to each other by the four primary ratios: .618 - .786 – 1.27 – 1.618. Each swing will be harmonically related to each other by these ratios.
Knowing these numbers will alert you to impending dramatic price swings and volatility because once harmonic numbers begin to expand you will be prepared to see where the next expansive swing occurs.
...in strong trends harmonic pattern dont works well in short also in long timeframes. So its not the holy grail and only illusion.
Harmonic patterns work on all time frame levels. Strong trends or not. There is no holy grail so stop looking. There is only your own discipline and the price. Your ability to look at all the time frames, and understand how they all fit together.
Harmonic patterns done correctly, takes many years of practice. But they are the most realiable way to predict the market. But are the hardest to master in my opinion. You have to understand the personality of each pair your trading. What the common retrace levels of that pair. What are the common extension levels of that pair.
Look for a,b=c,d formations and measure each in past data. This will give you an idea. Then measure the extension that follows.
They each have there own way of loosely following the rules. Euro$ follows closest.
So its not the holy grail and only illusion.
Linear Mode
