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Harmonic Patterns

The Bat Pattern, Tutorial (Basic)The Bat Pattern, is a precise harmonic pattern discovered by Scott Carney in 2001 The pattern incorporates the 0.886XA retracement, as the defining element in the Potential Reversal Zone (PRZ). The B point retracement must be less than a 0.618, preferably a 0.50 or 0.382 of the XA leg. The Bat utilizes a minimum 1.618BC projection. In addition, the AB=CD pattern within the Bat pattern is extended and usually requires a 1.27 AB=CD calculation. It is an incredibly accurate pattern and requires a smaller stop loss than most patterns.
Education
by Cryptsyxalt
22
MathFX for dummies | Integrals | FREE CLASS | Basis This is basic to my strategy. You will think: Is this guy a witch? Guys, this was formulated centuries ago, I just came to give you a more accurate interpretation. I will be teaching from linear geometry, to quantum physics applied to trading. This is child's play for me. I'll give you some advice: "Money comes and goes, KNOWLEDGE DOES NOT." So, unwrap your math books, and learn, DON'T BE FOOLS LIKE MOST. Be different. I hope to meet you in my classes, see you! ----------------------------------------- Like I said, I'm the best in the MULTIVERSE BY FAR. But at least it is entertaining to see so many lose money by NOT STUDYING. Please, without study you will reach 3000% of the fibonacci, but in a downtrend. ROFL! I do these analyzes in two seconds mentally, I think I will be the Tesla of this generation, I remember when I said: "I would like to be like him ( Tesla , DaVinci, etc.)". Now I have the design of one, and the wave knowledge of the other. This is intelligent design, in the world there is no such thing as free will, we all have the same behavior over time, and it is determined by the fibonacci / golden ratio, which for me is the brush of God in the universe. Please stop reading fairy tales. #SmartDesign "Little science takes you away from God, but a lot takes you to Him" ​​—Louis Pasteur When you understand all these things, and notice how the universe is totally in PERFECT HARMONY, you will only say one thing: "THERE MUST BE A CREATOR". This was already written: "For the invisible things of him from the creation of the world are CLEARLY seen, being understood by the things that ARE MADE, even his eternal power and Godhead; so that they are WITHOUT EXCUSE". — Ro . 1:20 My inspiration was Tesla , he makes me cry as I read him as despite everything, he did wonders, he does not need anything more than his OWN MIND, he was THE GREATEST in history, I come to relive his work. This is quantum knowledge, the clearest explanation of the universe, matter, energy ... I had a bit more luck to be born at this time, JUST THAT. PD: Theories of Elliot, Gann, Relativity ... are child's play for me. I just want those who see my analysis to study, knowledge DOES NOT WEIGH. Thanks for making my analysis fun, you don't know how much I enjoy the comments without knowledge.
Education
by JBPip
2
🦶 If you want to be successful and rich-start with the book! 💰 "The richest man in Babylon" is one of my favorite and best books on Finance that I have ever read! 👉 First, it is simple and small. Stories from it can even be told to children in the form of fairy tales, and you can read the book for a couple of hours. 👉 Secondly, it is wise and practical. Everything is clear and simple-if you want to be rich, start with the first step and follow the advice from the book. 👉 third, it helped me personally and my environment. I can't remember many books that have influenced me and my way of thinking so much! 🌞 Briefly about the book itself. It helps us explore aspects of personal success for each of us. Recipes for escape from poverty and lack of money can become the basis for understanding financial laws. Like the laws of nature, the laws of money have been around for a long time. And if your goal is to accumulate money, then the author, Samuel George Clayson, is ready to offer to penetrate the mystery of money in order to accumulate capital, save it and make it work for profit. The pages of the book will take you to Ancient Babylon — the cradle of basic financial laws that remain relevant to this day. Author George Clayson was born in 1874. He was always concerned about the financial literacy of the population, so in 1926 he published a series of pamphlets written in the style of Babylonian parables. These pamphlets were distributed to banks and insurance companies, and then combined into the book "the richest man in Babylon", which was published in the same year. To date, more than 2 million copies have been sold worldwide. ✍ This is briefly about the history of books and what they teach. 1) the history of the arcade and its wealth mentor Aglamis. Wisdom - part of the money in the first place belongs to you. 2) King Sargon, and a request to teach Arkada residents the laws of money. Wisdom-start making simple rules of wealth, there are only 7 of them. 3) Temple of Knowledge and history arcade about luck and luck. Wisdom-luck favors people of business. 4) the Story of Nomazir, son of Arkad, 5 laws of wealth. Wisdom - your goals and desires have a powerful force, combine this energy with knowledge of the 5 laws of wealth - and huge treasures will become yours. 5) Rodan, 10 gold coins and the wisdom of the usurer Maton. Wisdom - a little caution is better than a big disappointment. 6) Banzar and the walls of great Babylon. Wisdom - without protection, we can't afford to stay. 7) a Cautionary tale of Dabazir's slavery for Tharkad. Wisdom - if you have determination, you will always achieve the goal. The clay tablets in the book contain the records of dabazir, in which He shares his notes, such as 5 pieces published in the book. They contain many interesting wise tips on how to pay off your debts. 8) Sharru Nada, a merchant from Babylon, and a grandson of Arad Gula named hadan Gula. Wisdom-love to work and do your job with your soul. 💎 Briefly about the laws of wealth from the book: Law 1. Start filling your wallet. Save at least a tithe of your income. If you can save more, it's great. You may say that you are already poor, but you will be surprised that saving this 10% will not affect your standard of living in any way. Law 2. Track your expenses. The more you earn, the more you want to spend. But don't confuse immediate expenses with whims. Make a budget and write down a list of necessary expenses. When you have a desire to spend, think about whether this desire really needs to be quenched. And in no case do not spend more than 90% of your earnings. "Save more next month" is a road to nowhere. Law 3. Multiply your fortune. Money should not be a dead weight in your wallet. Wealth is not an accumulated fortune, but an income that is constantly growing. Put money at least on Deposit. Law 4. Protect your fortune so that you don't lose it. When you invest money, the principal amount should not be affected. Avoid too risky trades and promises of quick earnings. Be sure to consult with experts and think of ways to leave the "sinking ship". Law 5. Housing can be a profitable investment. The rental fee is sometimes the same as the loan payment for it. With the only difference that in 10 years you will not own the housing. And although Klayson did not live in modern Ukraine with constant financial crises, dreams of their own homes still warm the soul of most people. The law 6. Provide income for the future. Once there were no pensions at all, but now they do not guarantee a comfortable old age. Think about yourself and your family in advance, what will happen to you in 10, 20, 30 years. Insurance and deposits in land and real estate will be useful here. The law 7. Learn to earn more. Develop your abilities, learn new skills, and gain wisdom. Look for new markets, ask for advice, and invest in your training. Advice if you are in debt. If you not only live in zero, but also owe other people, in this case, too, there is a Babylonian story. On behalf of Dabasir, the camel trader, Clayson offers the following solution to the problem: first, make a list of all who you owe money to and exactly what amount. Divide your income into ten equal parts, spend seven out of ten on urgent needs and small joys, so that you can still enjoy life, and not sink into depression. Distribute another 20% monthly to pay off the debt. And tithe, as in rule # 1, save to increase your income later. 🧲The same Board with the "Golden rules" of attracting money: 1) Gold is drawn to those who save a tenth of their earnings, ensuring the future of themselves and their family. 2) Gold works in full force for the wise owner, who puts it profitably into the business. 3) Gold needs protection, and therefore prefers caution and advice from wise people. 4) Gold does not like to be forced to work in a field where a person is not knowledgeable. 5) Gold eludes those who invest it in adventurous or ill-conceived projects, embodying romantic dreams of wealth. Be sure to read this book. You won't regret it! PS: in 2010, when I first read this book, I was so impressed with its wisdom and prostate that I decided to buy 10 copies and give them to my friends and family. And what was my surprise when 10 years later I saw that their life had not only not changed, but also became harder and poorer! Now, if someone tells me that they want money or to be rich, I offer them the first step - to save for themselves for 45 days, first of all, 100 rubles! It's so easy! And when a person doesn't respond to me after 45 days, or says that they didn't learn from it, or comes up with any excuses why they didn't do it, I understand the power of the action and what they really want. 💸 I wish you health, wisdom, wealth and prosperity! Question to those who have read this book. And what would you choose-a bag of gold (ten million rubles) or a clay tablet with wise and proven laws of money (the book "the richest man in Babylon")?
GEducation
by ivan_gold_star_
7
💸 In every book, there is something useful! And successfully plReview of the book " is it easy to Play on the stock exchange?!" - Vyacheslav Taran 🔦 Let's face it — according to statistics, 97% of traders lose money. And many experiments have proved that about 60-80% of professional managers (with diplomas and salaries under$ 100k per year) lose money within 5 years. We are not talking about newcomers who spend 15 minutes a day on trading, analysis, education and reading literature and dream of making millions of dollars by investing $ 100! 💣 Originally, when I read the book " is it easy to Play on the stock exchange?!» I had the impression that if I invested only $ 100-200, I could no longer work for my uncle, travel a lot and trade from anywhere in the world. And the worst thing that happened to me, I invested $ 50 earned more than $ 1000 for a week and believed it! At that time, I worked as a Manager at Grand Capital and received a salary of 5,000 rubles and a percentage of attracted clients. How do I remember the moment when I invested $ 50 (the company also gave a bonus of $ 50? the balance turned out to be 100$) and seeing the divergence on the Euro/Dollar chart, thanks to the hint and analysis of Sergey Kostenko, I gained a position from several deals and closed at +1000$. The Manager was not happy, but I gave Sergey a beer and we celebrated my first successful trade! But back to the book. 🏦 It is written in an interesting way, many live examples, many jokes and fascinating stories. But only for the first time, when reading the book for the second or third time, I already paid attention to another — what is the most important idea that I could extract from the book. As a rule, they are typed 10-15 pieces. And for me, as I realized the most important idea is that I can not live my life again, but I can do today what I did not do 10 years ago. What is the most important idea that you have extracted from this book? PS: Who follows my profile, knows that I find and give different flowers to my wife every day, that I run at least 1 km every day (and very often barefoot), that I use new opportunities every day... and this has already happened for more than 4 months in a row (and I get up every day at 4: 30 am, I practice "morning Magic" even though I do not go to work, since I have my own Fund and TOP deals that bring +200% at a time — all statistics are open).
Education
by ivan_gold_star_
BANKNIFTY - Another Harmonic in place.This chart looks quite clumsy displaying so many levels, but option sometimes, hence bear with me... In yesterday's post, I talked about banknifty had crab pattern on intra charts and if it sustains above 21400, it can move towards 21550 and index would trend only above 21560. What happened today: Index opened above our second level, i.e 21550, above which we had expected it to trend, and it did and made high around 21934. Price Action Learning: when the market opens above one level up and sustains the second level, chances of moving in gap direction becomes higher. For tomorrow: Intra chart now has another harmonic pattern in place and its prz aligns with prz of crab pattern. Bat pattern prz is quite precise i.e 21300 and crab last prz level is at 21200. Thus 21300-21200 becomes an important zone, which will decide the further trend in the market. Now sustaining above these levels, the index can test 21675 levels or today's session high, and any move above it may bring back the trending move. On the flipside below 21200, the index may slip further, immediate support comes around 20800 levels. Note: The market will be very volatile
NSE:BANKNIFTYEducation
by manuagarwal21
How To Trade Classical Head And Shoulder Formations.________________________________________________________________________________________________________________________________________ Hello Traders Investors And Community. Welcome to this idea about the classical head and shoulder top formation which can be found on smaller timeframes as also higher timeframes. Although there are inverted head and shoulder formations and formations which brake to the upside than to the downside there are often failures in these formations whereas this is the classical formation confirming the reversal with volume and the activated price-target with a high probability. The formation can be divided into 5 phases with each phase confirming the ongoing formation and besides that minor phases and major phases which increasing the possibility for the head and shoulder formation to form the final breakout and confirmation. The formation can be traded in several ways where the most common ways are either with the final confirmation or before the final confirmation, both with different risk-preferences and fitting to each trader individual approach. ________________________________________________________________________________________________________________________________________ Confirmational Phases 1.) Buying Climax On High Volume 2.) Consolidation And Declining Volume Upside Attempt 3.) Upward Breakout With Lower Volume To Prior Climax High 4.) Another Consolidation Like (3.) With High Declining Volume 5.) Neckline Forming By Lowest Point With Following Breakout ________________________________________________________________________________________________________________________________________ First Phase: Up to this point a strong upward breakout is reaching up to new highs with increased volume, this looks just like a continuation of the priors established uptrend till bearish pressure sets in and the first signs of weakness showing a possible stopping of the uptrend with firstly declining volume. Second Phase: In this phase, the price forms a consolidation zone which can look like a bull-flag or triangle in decreasing volume before it shows an upside breakout on low volume, this is also forming the overall left shoulder and the established channel can be used for the ongoing measured right shoulder. Third Phase: This is an important phase and the key point of the formation where another upside attempt follows with significantly decreased volume forming the head before showing a markdown with still lower volume marking weakness of the bulls and a continuation of the head and shoulder formation. Fourth Phase: This is the last attempt to form new highs in the structure with lower volume compared to the phases before and normally low momentum showing the increased weakness of the bulls before the initial markdown shows up and set up for the final breakout confirmation in the fifth phase. Fifth Phase: The final confirmation the fifth phase showing the break of the prior established neckline and therefore the last confirmation point where a breakout happens with high bearish volume confirming the following moves to the downside and activating the overall head and shoulder downside target. ________________________________________________________________________________________________________________________________________ Trading Approaches A.) Trade The Final Confirmation B.) Trade The Right Shoulder Forming Trade The Final Confirmation: In this approach, a trade on the short-side is placed when the dip down of the right shoulder penetrates the neckline which is confirming the overall formation, the stop-loss is placed above the right shoulder, a variation of this is to sell short when the right shoulder has finally broken the neckline to the downside but as this move can be volatile and fast it has to be done before the selling pressure sets in, the minimum target is the price projection from the high at the head of the formation to the neckline measured from the breakout to the downside. Trade The Right Shoulder Forming: This is the more speculative variation but can result in a good risk-reward and profit potential, in this scenario the trade is placed when the head with low volume has formed, price touched the neckline and the head of the right shoulder is forming on decreased volume, the stop-loss will be placed above the head of the formation or above the right shoulder. Placing the stop above the head of the formation in this variation will be the more logical and conservative approach, the targets in this variation are the same like in the first one with price projection of final confirmation. ________________________________________________________________________________________________________________________________________ When spotted right and traded in the mentioned manner the trade of this formation can lead to a good profit. Also, the volume is playing a major role in this formation, although it can vary in some cases it will add to a high probable trading setup on the short-side. There are other variations of the head and shoulder formation but they arent that accurate in the approach like the classical head and shoulder top formation pointed out here. ________________________________________________________________________________________________________________________________________ In this manner, thank you for watching, support for more tutorials and a good day! trading effectively is about assessing possibilities not certainties Information provided is only educational and should not be used to take action in the markets. ________________________________________________________________________________________________________________________________________
BITSTAMP:BTCUSDEducation
by VincePrince
32
SBI CARD - Time to take pauseSBI Card Formed Bat Pattern on the daily chart with a precise prz in the area of 740 . This Pattern possessed three levels in tight zone of 735 - 742. The Bat is the most common and precise pattern and requires a smaller stop loss than other patterns.The 0.886 XA retracement is the most critical level in the Bearish Bat pattern. I Always wait for the entire PRZ range to be tested to validate the completion of the pattern, though it delays the execution process, but the trade you take then won't test much of your patience. Note : BC swing slightly exceeded the A Point , so its not a perfect Bat pattern, but i am considering it as a Bat pattern, because of the close alignment of various Fibonacci ratios in the prz area..So Slight adjustment/leeway is allowed in the real trading world.
NSE:SBICARDEducation
by manuagarwal21
1
BTCUSD Harmonic Summary April to JuneThis is just a summary of the Harmonics we have seen in play and how they manifested. Its been a wild battle between bearish and bullish harmonics... where will we end up- over 10k? Or below 8k? Not all bullish harmonics are bullish and not all bearish ones are bearish... the tricks of the trade in Harmonics is getting experienced in using them and other tools that can tell the story. In this chart we have ???? only to illustrate possibilities of the harmonics. Enjoy!
GEMINI:BTCUSDEducation
by Moorsc0de