Harmonic Trading and my ABCDE pattern

Hi! I want to share with you my ideas about Harmonic Trading and my new ABCDE pattern. New because I discover it myself, doing my 5 years research and lot of trading. I am from Poland, so I don't guarantee good English, but I do my best. I want to share with you this pattern, because in my opinion and experience in live, the very best things is for free, and I expect from you good questions about Harmonic Trading (XABCD, 1:1, abcd). So I hope, this will be a good experience for clarification your and my systems and strategies.

So... This pattern began forming in my mind when I have many questions to myself and market, for example:

1.What is XABCD pattern?
2.What is minimum and maximum relationship between ab and cd in XABCD?

This questions and many others, lead me to seeking for answer, on charts. So I do my research in literature first and I found that in all sources I found, that it (specific question no 2) wasn't so much information. Only Kane Jim spoke about abcd, and in all his opinion available for my (only have his website, don't have, his books), he tell about:

61,8 ab = cd
78,6 ab = cd
88,6 ab = cd

So I just wander, why it is so... That lead me to search on charts another variation, but it was surprise what I found and that was something like that:





Another words: When cd is less than ab specific when cd is less than 61,8 ab (56,4 or 50 or 44,7 or 38,2 or even 23,6). Trend is still valid (uptrend in chart), even when point E is below point C.
This pattern help me a lot, to determine trend and when I hold already opened position and this pattern occur, I still hold my positions. Remember I still doing research and this ratios is only beginning. Do your research and tell me what you think!

Best trading 2 you!

Good enough but if you think it works, why are you making it public?

iwantu2brich said:

Hi! I want to share with you my ideas about Harmonic Trading and my new ABCDE pattern. New because I discover it myself, doing my 5 years research and lot of trading. I am from Poland, so I don't guarantee good English, but I do my best. I want to share with you this pattern, because in my opinion and experience in live, the very best things is for free, and I expect from you good questions about Harmonic Trading (XABCD, 1:1, abcd). So I hope, this will be a good experience for clarification your and my systems and strategies.

So... This pattern began forming in my mind when I have many questions to myself and market, for example:

1.What is XABCD pattern?
2.What is minimum and maximum relationship between ab and cd in XABCD?

This questions and many others, lead me to seeking for answer, on charts. So I do my research in literature first and I found that in all sources I found, that it (specific question no 2) wasn't so much information. Only Kane Jim spoke about abcd, and in all his opinion available for my (only have his website, don't have, his books), he tell about:

61,8 ab = cd
78,6 ab = cd
88,6 ab = cd

So I just wander, why it is so... That lead me to search on charts another variation, but it was surprise what I found and that was something like that:

Another words: When cd is less than ab specific when cd is less than 61,8 ab (56,4 or 50 or 44,7 or 38,2 or even 23,6). Trend is still valid (uptrend in chart), even when point E is below point C.
This pattern help me a lot, to determine trend and when I hold already opened position and this pattern occur, I still hold my positions. Remember I still doing research and this ratios is only beginning. Do your research and tell me what you think!

Best trading 2 you!

Click to expand...

Similar to a Gartley 222 except D should be lower than B. If you look closely there is also a Butterfly pattern within the CDE pattern

All good in hindsight

intradaybill said:

Good enough but if you think it works, why are you making it public?

Click to expand...

Becouse it have not different, when Pesavento publicate his patterns, market still exist today, nothing is change! Isn't true? Besides I don't know why so many traders feel insecure about. I want a good discussion, not, why or when!

iwantu2brich said:

Becouse it have not different, when Pesavento publicate his patterns, market still exist today, nothing is change! Isn't true? Besides I don't know why so many traders feel insecure about. I want a good discussion, not, why or when!

Click to expand...

Ok I'll bite

At waht point do you enter a trade and what criteria?
Do you have a profit target and stop loss? If so how are these defined.

I was once interested in these patterns but have moved on, hard to use them in isolation, and like I said they always look good after the fact. Harder to do when trading off the right hnd side of the chart.

Let's post some live examples

Not really an area I know much about but I stumbled across butterfly patterns last night, which may be relevant. (Prefer to keep it ultra simple, myself.)

"Similar to a Gartley 222 except D should be lower than B. If you look closely there is also a Butterfly pattern within the BCD pattern. All good in hindsight"

timaru69 -You misunderstood concept, and please, for God's sake, don't copy unnecessary my posts, edit please, your post for better clarity. It is not similar. It is different logic in it.

"If you look closely there is also a Butterfly pattern within the BCD pattern" Good observation, but it is for another discussion. Better when you look closely and see Butterfly pattern inside CDE!

Hi

Sorry I stand corrected , you are correct , Butterfly is in the CDE not BCD as I said, rushed my earlier post.

Cheers
T

timaru69 said:

Hi

Sorry I stand corrected , you are correct , Butterfly is in the CDE not BCD as I said, rushed my earlier post.

Cheers
T

Click to expand...

Thanks for your cooperation. Yes it is truly good, but not perfect Butterfly, and for those who asking when is entry point, this is one piece of the puzzle to answer. Any trade who is in my trading plan, I consider in greater picture, always! So this was an opportunity for entry, of course when you merge it with XABCD concept(in this case)!

shadowninja said:

Not really an area I know much about but I stumbled across butterfly patterns last night, which may be relevant. (Prefer to keep it ultra simple, myself.)

Click to expand...

I told you, it is not finish yet. Give advantage about it, because anyone who are willing to use imagination will develop entry for him or herself! Some people take simple MA and develop system based on my pattern, some merge with another knowledge, like XABCD, some just don't, and that's fine!

Harmonic Trading is simple, but complex, you have to understand, it is not complicated! In it complexity you have simple structures, but you have to study years to fully understand concept! It is not a just trading system, it is strategy, you cant put it to computer and expect to have profit compare to human knowledge! Manny people, like this unending story about Harmonic Trading, so I invite those who want to be successful in this profession! And my pattern is only an excuse, symbol, for good discussion! (this is a full answer why, I give to public this pattern)

Hmmmm, looks like Elliott Wave patterns to me. Just another way to define them!

forexkunta said:

Hmmmm, looks like Elliott Wave patterns to me. Just another way to define them!

Click to expand...

I agree. I trade by elliott wave every day and I think this is the section of chart shown here only expanded. Even R.N. Elliott himself said that the basis of Elliott Wave Theory was Fibonacci retracements and projections, which this system seams to be based on as well.

Just call it what it is, a triangle.

Have a look at post #8 http://www.trade2win.com/boards/for...rately-seeking-good-daily-trading-system.html
Might make more sense. But bear in mind that this was defined back in the 1930's. Everyone else is just trying to put their stamp on R N Elliott's discovery.

JahDave said:

I agree. I trade by elliott wave every day and I think this is the section of chart shown here only expanded. Even R.N. Elliott himself said that the basis of Elliott Wave Theory was Fibonacci retracements and projections, which this system seams to be based on as well.

Click to expand...

intradaybill said:

Good enough but if you think it works, why are you making it public?

Click to expand...

Are you see this? I public this pattern, and people still misunderstand concept, think this is Eliott Pattern. But I will don't convince anyone to see like I see this! I observe this, even with XABCD subject, there is very little people who understand Harmonic Trading. Very interesting psychologically, this is true that you observe reality only how you set yourself and this is perception!

Fortunately, that is all this amounts to, is EW patterns. No matter how you slice it and dice it. It is ok for us to disagree on this forum. You are the one that opened it for discussion. But that is ok. I will leave the thread to you.
Regards

iwantu2brich said:

. So I hope, this will be a good experience for clarification your and my systems and strategies.

Click to expand...

I don't care about your boring posts and theory about Eliott Wave who have nothing to do with first idea of Eliott. I have my formation and it helps me to do money, this is my discovery and it is for those who want to be a practical traders and willing to pay attention and do research by themselves this is the only way! So please, don't waste my and others time! Trading is my passion so don't lower your standard to stupid theories who have nothing to do with this subject!

This is an example from my last trading i think this will help:



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Good luck with your harmonic bullcrap. Elliott Wave is what you are using, along with the fibonacci aspect of EW. You sir, do not have an open mind, but expect everyone else here to have one. You put your ideas on an open forum of world wide opinions, and expect everyone in the world to bend to your way of thinking. Sorry, it doesn't work that way. You wanted peoples opinions of what you are doing, and they have provided it. Just doesn't go with what you want it to be. Sorry again. This is my last post here. Be careful how you talk to other people and how they look at things.

So, when are you going to offer to tutor people for $49 per month and let them look over your shoulder in a live trading room? That would certainly be typical of a rookie poster, with an idea like this!

The Fibonacci measurements that you have on your chart is a direct reflection of the Elliott Wave Principle. R.N. Elliott was the first person to apply Fibonacci to his Principle in the 1930's. Fibonacci measurement tools are included in every trading package in every financial market around the world, as a direct result of R.N. Elliott's ideas and findings. Here is a link for you to look at.

http://www.luckymojo.com/fibonaccimkt.html

Sorry, but what you think, is wrong. If you use fibonacci in your trading, you are using EW, in some form!

forexkunta said:

Good luck with your harmonic bullcrap. Elliott Wave is what you are using, along with the fibonacci aspect of EW. You sir, do not have an open mind, but expect everyone else here to have one. You put your ideas on an open forum of world wide opinions, and expect everyone in the world to bend to your way of thinking. Sorry, it doesn't work that way. You wanted peoples opinions of what you are doing, and they have provided it. Just doesn't go with what you want it to be. Sorry again. This is my last post here. Be careful how you talk to other people and how they look at things.

So, when are you going to offer to tutor people for $49 per month and let them look over your shoulder in a live trading room? That would certainly be typical of a rookie poster, with an idea like this!

The Fibonacci measurements that you have on your chart is a direct reflection of the Elliott Wave Principle. R.N. Elliott was the first person to apply Fibonacci to his Principle in the 1930's. Fibonacci measurement tools are included in every trading package in every financial market around the world, as a direct result of R.N. Elliott's ideas and findings. Here is a link for you to look at.

http://www.luckymojo.com/fibonaccimkt.html

Sorry, but what you think, is wrong. If you use fibonacci in your trading, you are using EW, in some form!

Click to expand...

Are you sorry, are you crying? Trading is not for that kinda of people, stand up grow up!

Yes, and there is link for you www.dontcry.com

"You sir, do not have an open mind"
So what, leave it to me! I don't want to be open to all things, I deliberate open my mind when and where I want it to be open!

"So, when are you going to offer to tutor people for $49 per month and let them look over your shoulder in a live trading room? That would certainly be typical of a rookie poster, with an idea like this!"
Status is no matter for an intelligent person! I saw many SUper Hiper users in this forum and other, who have nothing to say, like this:

http://www.trade2win.com/boards/tra...armonic-trading-inzider-cable-journal-19.html

"This is my last post here. Be careful how you talk to other people and how they look at things."

How they look at things is up to them! I have no control over others!
I is not my intention to harm anybody! It is not my intention to have exact or opposite point of view with anyone! So forexkunta thanks for your opinion and for giving up and letting go! This is the first step to be free! And I respect this! Good trading for you!

iwantu2brich said:

Are you sorry, are you crying? Trading is not for that kinda of people, stand up grow up!

Yes, and there is link for you www.dontcry.com

"You sir, do not have an open mind"
So what, leave it to me! I don't want to be open to all things, I deliberate open my mind when and where I want it to be open!

"So, when are you going to offer to tutor people for $49 per month and let them look over your shoulder in a live trading room? That would certainly be typical of a rookie poster, with an idea like this!"
Status is no matter for an intelligent person! I saw many SUper Hiper users in this forum and other, who have nothing to say, like this:

http://www.trade2win.com/boards/tra...armonic-trading-inzider-cable-journal-19.html

"This is my last post here. Be careful how you talk to other people and how they look at things."

How they look at things is up to them! I have no control over others!
I is not my intention to harm anybody! It is not my intention to have exact or opposite point of view with anyone! So forexkunta thanks for your opinion and for giving up and letting go! This is the first step to be free! And I respect this! Good trading for you!

Click to expand...

New live example, let's see how i will play out...



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