hmmmm, food for thought.

Attached Images

gbp usd daily 4-27 2.gif (17.6 KB, 306 views)

at last someone agreed with me

to all the newbies...leave now...there's a bunch of A-holes still on this thread...be careful what advice you get now...Kamyar hasn't posted anything for a while...i would use the beginning posts only...forget the last week and a half....

Ziko, i agree and disagree with you. Here are my thoughts, and hopefully this will help out some others out there. I am not hear to start an agruement about what is right or wrong. I just wanted to point out a few things. Again, these are my thoughts. First I follow Carney's rules for patterns. I feel there are plenty of trades out there following Carney's rules of the respective pattern to take. Please take a closer look at my chart, it is not the same as yours. Where i start my x is at a different spot. Your point b is a 80.8 retrace where my point b is a 61.8 retrace. Also, my ab=cd is above yours at 8125. If someone ask me if i think your chart was a gartley i would say no. I would say it is simply a nice abc corrective pattern with the ab=cd being a 61.8 ab=cd. Do i think this is a possible reversal spot, yes. But i would feel more comfortable about going short around 8125 because of the 61 retrace of x to a at point b. So if price reverses tomorrow i'll just start looking for another pattern. No big deal.

So I have probably just started the great gartley controversy again (very beginning of chapter 6 in Carney's book "harmonic Trading of Financial Markets, Volume 1". LOL

As i eluded to above, and i think kamyar mentioned as well, there are plenty of "good patterns" trades to take. I am always constantly reminding myself that trading takes a lot of patience. Were not shooting machine guns were taking sniper shots. Be picky.

GTA,

David

I agree, we all know it isn't a perfect gartley by just comparing it to http://www.forex-tsd.com/attachments...g?d=1138394471 but I don't think u get perfect patterns frequently on high time frames like daily, we don't have thousand of stocks to scan through to get perfect gartley, all TA indicators points we are in overbought situation on GBPUSD,USDCHF,EURUSD and a reversal is imminent, the un-perfect/perfect harmony patterns just give us more confirmation and confidence of this reversal

and I agree with u about the abc correction, the green line in the following chart is @1.8135 very close to ur 1.8125, II is the impulsive wave, abc is the correction, reversal should be around the green line @1.8135

About this Thread Kamyar and Ziko

I used to be mostly passive within this thread here that used to be excellent until about some weeks ago. And I have studied both Kamyars posts with his excellent attachment examples until then. And I noticed those "fine and colorful pics" done by Ziko.
I remember when Ziko once asked for the original Harmonic Tading codes. He got all of them from Foreveryoung some time ago, And this for free!!Imagine..for free!. After that he was asking for some more informations. And he received everything, for free. I do not know where he is from. But what I see here is that Kamyar was somehow chased away recently.
All guys who contributed their most valuable indicators and comments about Harmonic Trading helped us really a lot. I can say, this was kind of a Gold Mine and still is. What I mean isn't just the tremendous background of money making. No, it's more. It is the fact that these guys here who contributed their substantial part have done this in an ethical clean way I admire deeply. Thank you all!
I am sad to realize Kamyar isn't between us anymore. My feeling tells me that he disappeared because of ethical thoughts that came up into his mind.
He couldn't stand this disgusting upcoming Cash Mentality created by some wretched creatures who lacking of sure instinct.
Man, you are absolutely Off Topic here. Why don't you just open another thread with your own headline!? And your own ethical way of life there. Please leave this harmed thread to have it blossomed again to it's old awsome standard. I think Kamyar and his thread has deserved it.

what codes, ok genius, use these codes to create us an indicator, these were codes using tradestation language, what this has to do with the metatrader language, also about the calculations themselves they are on carney's site and free http://harmonictrader.com/price_patterns.htm,
I noticed that some people are trying to insult me so I be forced to retaliate and then have an execuse against me but I'll not and whoever insults me I leave the admins of this site to take an action against them, for now I'll just ignore u

Davidl, thanks for the chart...let's keep posting more of these...

trial version!, does this mean no free version ??

Guys,
Can we stop the *****in' and moanin' about whether or not Ziko is "the evil thread killer"?

He's not spamming the thread with tons of charts (he's cut back on the charts a lot), and he's not talking about his indicator. You guys are.

His patterns don't look that bad, either. He's already said that you can set the indicator to only use the strict fib numbers, if you want, but it also allows you to add some "play" to those numbers if you're will to take the risk. Yes, maybe the best way is to follow the patterns strictly by the book, but we're talking about discretionary trading here. A couple of pips here and there on the 4Hr & Daily charts may be a pattern breaker, or it may not. Those traders that are willing to take that risk, let them. That's their business. If they're right, good for them. If they're wrong, too bad.

Instead of complaining about the fact that his chart was made with an indicator that he's selling, why not just critique that pattern. If you think it's good, say so. If you think it's bad, tell us why, so we can learn. Either way, if we just keep everything constructive, we can go back to a great thread.

Keris