Category: Harmonic Indicators

The Bat pattern is the next Harmonic indicator to be reviewed in the series for an overview of Harmonic Trading Patterns please check out this article The Bat pattern is similar to the Cypher harmonic pattern but it follows different Fibonacci ratios. One of the key ways to differentiate a Bat structure from a Cypher pattern is……
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The Cypher Pattern uses Fibonacci values to determine potential reversal zones in which there is a high chance of a change of market direction. Once identified such patterns can create high reward to risk opportunities when trading forex and indices. In the harmonic pattern world, the Cypher pattern forex is a four leg reversal pattern.……
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In part 3 of the harmonic indicators series we will discuss the Wolfe Wave Pattern and how it is used in discretionary trading with a view to producing an automated trading system It is often important to establish the set of rules that accompany an indicator, only the simplest systems trade one indicator. There are……
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I trade harmonic patterns using the Eurhythmic Patterns ProRealTime indicator from ALE Automatic Trading At present I am working through back tests to find those pattern, product and time frame combinations that have the highest probability trade outcomes. I will publish updated research in the pattern specific posts as it is completed. The next stage……
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