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Harmonic Patterns

HOW-TO: Auto Harmonic Pattern - BacktesterHi All, Here is a short video on how to use Auto-Harmonic-Pattern-Backtester-Trendoscope for building strategies using harmonic patterns. CAUTION: THIS IS NOT A STRATEGY AND SHOULD NOT BE FOLLOWED BLINDLY. WE ENCOURAGE USERS TO UTILISE THIS AS BACKTESTING TOOL FOR BUILDING THEIR STRATEGY BASED ON HARMONIC PATTERNS Notes about Strategy Properties Qty is percentage based and non leveraged. Since pattern size is not uniform, risk per trade is not uniform per trade as well. Default pyramiding is set to 4 - which means not all patterns will have trade if number of open trades is already 4 Key Settings Can be either long or short mode but not not both. This is due to pine limitations. Entry, Stop and Target settings along with Base are important in defining your strategy. External filters plays a major role in adding external elements to the strategy. This also enables users to build their own filters. More details in this video Strategy based alerts are different than custom alerts defined in settings. Custom alerts will fire for every pattern whereas strategy alerts will only fire upon generated trade signals. More details about Alert customisation is explained here . When setting alerts, please turn off displays - pattern drawing and tables. And also limit backtest to minimal bars. Please let me know if you have further questions.
Education
by Trendoscope
3
HOW-TO: Wolfe Strategy [Trendoscope]Just made this short video to explain the concepts of Wolfe Strategy which I recently published. Wolfe wave is popular concept among option traders. However, I have made some tweaks in this strategy to standard wolfe pattern trade rules. Entry price based on breakout No moving target - using flat target. Entry is done based on risk reward Not time bound Intelligently decides whether to place stop order or limit order Few possible future improvements Make bidirectional trades possible Better filters to chose long and short trades or when to trade Lot can be improved on Wolfe scanner to identify more patterns Exit strategy - can introduce optional trailing Thanks for listening. Hope you enjoyed and learnt something from this :)
Education
by Trendoscope
5
Trading with Candlesticks Harmony - Above 80% Win RateIn this video I discuss how to use simple wave-analysis and how to use candlesticks harmony in 5 or 15 minutes time-frames to trade with success. This sterategy even works on 1 minute time-frames for some forms of countable harmonies... --- Gerald Mann was born Mr. Peiman Ghasemi on February 16, 1988. He got deported from Turkey to Iran where he is exit banned now. Alongside trading, he is also wishing to gain the freedom to leave the country. On the other side the silence of the related governmental departments of the U.S. is obvious. There is no answer.
SP:SPXEducation
by GeraldMann
HOW-TO: Use external filters on Auto Harmonic Pattern UltimateXHello Everyone, In this video, I have explained following things: 1. What is a filter indicator and how it can be used 2. Example demonstration of Relative Bandwidth Filter to define trade no-trade zones based on volatility. 3. How to use filters along with Auto Harmonic Pattern UltimateX or any other script which follows similar design for external filters. 4. How to develop your own filter based on different conditions which can be used with AHPUx or other scripts which are designed to use the Filters. Please let me know if you have any questions.
COINBASE:BTCUSDEducation
by Trendoscope
5
How To: Size your position using 'Historical Volatility'Wassup folks! In today's vid I'm explaining a new topic - How to size your position (read: how to size risk per trade). Necessary Indicators: Historical Volatility Prerequisites: 1. Have a defined trade plan. 2. Know the outcome you're expecting. 3. Have a hypothesis on how long you plan to hold the trade. 4. *not mentioned, but obviously have a way to protect downside risk (stop loss, psychological cut off level) Because Bitcoin is in a range, and also because the moves have been _somewhat_ easy to anticipate, I came to the conclusion utilizing previous price action that in order to make 10%, I'd probably have to hold this trade somewhere between 3-5 days. After knowing my end goal, and time horizon, I then needed to know how much added risk (leverage) I needed in order to reach my goal in 4 days with the expected volatility. Calculation: Expected Gain/Expected Volatility = Leverage 10/23 = 0.43x Leverage Keep in mind that past events cannot predict future outcomes. We can only use them as a guide to give us a probable outcome, nothing can truly be predicted. This indicator something I've recently learned and thought it would be good to share, which also helps me understand it better by having to break it down to someone else. I haven't used this indicator before to make trades, however I plan to test this hypothesis out and will update this idea thread on the results in 3-5 days. If you have more insight on this indicator on how you use it or any tips, feel free to leave a comment below.
GEMINI:BTCUSDEducation
by N0ST0PL0SS
Price Inefficiencies + Fair Value GapsNote: The bigger the gap (stronger momentum move) the more likely for price to retest that area. Dont use this as an indicator to buy or sell, use it in conjunction with other strategies you may have. This is just one way to come to a conclusion about price. I will link another video that will show the same thing utilizing other indicators. Note: I know my explanation of price inefficiencies isnt scientifically correct, however it's explained in a way that makes it easier to understand.
GEMINI:BTCUSDEducation
by N0ST0PL0SS
2
USD/JPY 4H Trading Idea by Harmonic, Classic & Volume Profiles.This is a quick glance of our method in trading by using Harmonic, Classic and Volume Profiles. Everything is hopefully well explained as i want you to excuse me if I sounded nervous because it is my first time posting a video. I would appreciate it if you guys could help me out and support me :) let me know your thoughts in the comments section and if you like what you see, I would gladly share with you more of my humble analysis :).
Education
0
by yousifkf