The ULTIMATE Beginner's Guide to HARMONIC PATTERNS
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- Опубликовано: 3 июн 2024
- This is a video where I talk about harmonic patterns for beginners.
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Harmonic patterns are price action patterns involving Fibonacci ratios between subsequent price movements. The theory suggests that when three or four Fibonacci ratios converge, there is a higher probability of reversal in what’s called Price Reversal Zone. There are many different harmonic patterns like bats, crabs, butterflies, gartleys, sharks, cyphers, and more. In this free trading course, I expose the various patterns showing the ratios and ranges of ratios that each pattern must follow. I also show general guidelines on how to trade such patterns, their details and peculiarities, and last but not least, I show the advantages and disadvantages of harmonic patterns. It’s paramount that beginners get in touch with the good and bad sides of each trading technique in order to avoid unnecessary pitfalls.
Smart Money Concepts Part I: • Video
Smart Money Concepts Part II: • Video
Smart Money Concepts Part III: • Video
Timestamps:
00:00 Intro
00:32 Pre-Requisites
05:14 Harmonic Patterns
06:06 Bat Pattern
09:36 ALT Bat Pattern
10:44 Butterfly Pattern
11:27 Crab Pattern
12:10 Deep Crab Pattern
12:48 Gartley Pattern
13:30 Shark Pattern
14:13 Cypher Pattern
14:55 5-0 Pattern
15:56 AB=CD Pattern
16:32 Three Drives
17:20 Details & Peculiarities
19:20 How to Trade Harmonic Patterns
20:40 Advantages & Disadvantages
#HarmonicPatternsForBeginners
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INSTITUTIONAL TRADING EBOOKS: fractal-flow-institutional-trading.dpdcart.com/
ADVANCED TRADING COURSE: fractal-flow-pro.teachable.com/
Do you use ST Patterns as developed by Vladimir Poltoratskiy?
Good job man! This is the best harmonic pattern video on the internet.
I started studying harmonic patterns recently and this video is helping me a lot! thanks man.
This is the best and most complete explanation, as well as the simplest, of all the ones I have seen. In a few words and with just a simple example you have explained each pattern, giving the basis that I have been looking for. Thank you for your contribution with this video.
Thanks again for another amazing video. Harmonic patterns...
Gartly,Bat,,Butterfly, Shark,AB=CD,three drives .
All are patterns I can find but I didn't know that rules to the ratios to respect %variance.
I have a lot more to think about. Thank you so much for your insight.
To comment on a comment I read earlier tonight, about how you deserve a award.
I fully agree. You are my number 1 .
I can't entirely agree with you about the two first disadvantages you pop up about HP:
1. Firstly first spotting Harmonic Patterns is not difficult, you need to practice it more and more so you can be able to open a chart and without any tool have any idea of what Harmonic Formation it's being created;
2. Harmonic Patterns are M and W patterns combined with Fibs and other correlations strategies that help you to define the probable zone where the price can reverse or continue the trend called PRZ(Potential Reversal Zone)!
Great presentation and very empowering for beginners . Thanks 🙏
Nice explanation. Thank you very much!🤩
Hi dude, I just love your videos, they have really helped me to advance in my learning. I would like to suggest the Wycoff method as a possible next video, as it is related to the demand/supply zones where the turning point lines and Fractal candles are. I already have some info on the subject and I strongly suspect this Wycoff Channel as it is called too is deeply related to the points where there is a multidimensional confluence and would be a great idea to add this concept to our tool kit since fractal candles do not come often and on a lower time frame the Wycoff channel can give a precise entry point with a more diverse range of possibilities of reading and interpreting that small portion of the chart where the price has to stop, range for a while and only then change direction.
Many thanks in advance!
I'm saving this to watch when I get to work. This is gonna be a good 1. Let's gooo !!!!
This is exactly what I need!! I literally have all your content and it’s hard to find some quality harmonic trading videos
Harmonic pattern is bullshit pattern
Great video and best resource I've found, thanks friend.
very simple n beautifully explaines a helpful specially for begginers
nice video. you should do one on xabcd patterns that use time and price. the upgrade in consistency is worth it alone switching imo.
Great video, thank you for taking the time to enlighten your audience! Would you consider making price action analysis for US market (SPY) on high time frame once in a while?
Thanks for this video
Thank you so much for this your video its on of the best
thank you for this informative video .
Thank you soo much again for this qualitative content sir. I really appreciate the time, energy, and efforts that you put in these videos. Anybody can tell that these videos are made of high quality material delivered in a flawless manner. Therefore, It's my very humble request that please if possible than also make the "The Ultimate guide on Elliott waves". I sincerly hope that you do consider this request. Thank you once again.
I will do it. It's a question of time.
Your wish has been granted
ruclips.net/video/-LbR7SK_lAA/видео.html
Thank you sir🙏
Thank you very much for sharing a lot
very good explanation
I didn't find any detailed video than your videos on any topic on RUclips and it is absolutely free. That's why I like your videos. I request you to make detailed videos on RSI, MACD, Eliot Waves, trading Strategy+Planning and Risk Management. Please do make if you can. 🙏🙏🙏
Thanks for the feedback
Thank you
A great one again Ed. Harmonic patterns were among the first set of things I learned about trading some three years ago but I consider the fractal flow methodology with the advanced price action trading superior to the harmonic patterns. Those make more sense to me than just looking for patterns. Thanks once again Chief..
Oh sure, these are just simple patterns.
why you are not millionaire yet ?? u got everything right?? nothing works 100% ,it's always a probability game
I think u are new in this game.If u are in the game for long,u will understand that every strategy makes money in the forex market if only the trader has find an edge with that strategy.never condemn any aspect of trading.Because I know traders with different strategies (price action, harmonic patterns,smart money concept, indicators) but they all make money.
@@juliuszodzenu8756 Agreed
Thank you brother.
Thank you !
Thank you so much for share
Really great content. I use software that draws these as they’re forming, this helps me to understand how/why. Thanks!
what software sir
thank u so much for our ultimate lessons, we need the ultimate guide to STOP LOSS and TAKE PROFIT POSITION CARRECTLY
You will loose everything when you die. Chicken.
Well here’s your first lesson spelling ‘Correctly’
@@bronson1392 it’s ok to misspell . English is not important while intention is .
@@bronson1392 You are in the wrong channel, Mrs. English
Thank You!!!♥️🙏this is what I needed right now 🥰
Great!
Than you sir.
Fractal Flow When should i use schiff and when modified schiff pitchfork? Whats the defference btw them?
Thanks
Amazing, thank you for the detailed free content.
However, I observed that square root of 61.8 and and 161.8 is 7.86 and 12.7 respectively.
And the 4 square root of the same figure is 2.8 and 3.5% against the answer we have in the video.
Pls I need clarity.
Thank you
Will you consider closing price or the wick while applying fib?
thanks for your effort Ed. Can you do a video about Dark pool liquidity? plz
Will do at some point
In real market, we need to work on line / candle stick and if candle stick should we take wig price or close price. Please share your view
PRZ = *Potential* reversal zone, *not* Price reversal zone
You can read tarot cards or do Elliott Waves or harmonic patterns. Though I prefer moon phases. Each to their own, I guess.
Moon phases are not subjected to the self-fulfilling prophecy effect that common methods are, so no, they are not the same.
Can i combine harmonic patterns strategy and wyckoff method?
Which time frame is suitable for harmonic pattern
as someone who has been studying elliot waves, this seems to be the other side of same coin. almost every single pattern here was a corrective abc in ew terms. it’s cool to see two concepts that merge
I was thinking the same thing
funny enough my buddy just told me to look up harmonic patterns today. and i have been learning elliot wave theory and i was telling him when i looked at my first butteryfly pattern on google images it looked like the abc corrective pattern of an elliot wave sequence... this just helps me further my belief that there is some sort of order to the chaotic nature of the market and they co align with the laws of our nature and life in the form of fibbonaci and fractals. this is what intrigues me the most about the whole thing. knowing how to spot this and combining it with smart money concepts to try and have an edge against the institutional traders that are trying to stop you out or trap you in seems like it could lead to mastering the markets.
Can you please touch on the bearish fart cloud pattern?
Great content, I start to find X,A,and B to ride the move. XAUUSD just follow Harmonic pattern. Now wait for entry at 1820,1830,1840
thats is why i not understanded forex ..... damn. Thank you a lot !!!
It would be helpful to show real chart examples for those of us who are new at this.
Yet time is most important factor for turning points. Markets make highs and lows in time……price is secondary
Couple questions here. First, Trading Centre lists the patterns as having specific Fibonacci retracements and extensions, and I would agree with that, given the fact that if you stretch the extensions/retracements to anywhere from 38%-88%, you could pretty much cherry pick and make them fit whenever you want them to on a chart, with such a large margin of error. I think they would be much less accurate than if you had specific 38 or 61 percent retracements and extensions. Much more objective this way.
Another question is, when drawing these patterns, let's say you have long wicks and small candle bodies. Should I connect the patterns with the wicks, or the candle bodies, because I noticed if I cherry pick, and mix them, again I can "make them fit". But only using wicks, or only using bodies, it's much harder to make the harmonic patterns fit better.
The last question is, how close should the retracements/extensions fit, to make the pattern valid? Is it within a reasonable (small) margin of error, or does it have to be exact?
I have the same problem, but from the TTC I know that you should be connecting the bodies, not the whicks of the candles.
@@TradersEdge01 Well that post was 2 months ago, since then I've been backtesting as much as possible on different time frames using different combinations of patterns. Probably done like 1000 backtests in total lol. From my experience, I'm connecting the wicks only, on anything from the daily to the 5 minute time frame.
thank u for this definition but do you know any millionaire who trades harmonics ?
But what time frame works best for these harmonic patterns?
How do you measure these ratios?
could you tell me how I can use Fib in vertical form
This is going to be very difficult but I hope I can grasp something
How do you arithmetically calculate the ratio between the two lines?
It's demonstrated in the beginning of the video
@@fractalflowpro yeah I re-watched it over again! I get it.
Dan T
How did you know such complex topic?.
Do you offer paid buy or sell signals?
No
@@fractalflowpro I wish you did at least on main indices like s&p I would pay you cuz I trust you. Please consider that I’m sure a lot of people would be interested too
Do you know we have 32 types of harmonic patterns 16 bearish and 16 bullish , 4 (2-0), 4(2-1), 4(1-2), 4(0-2).
How do you measure ratios?
Fibonacci tool or harmonic pattern tool in tradingview
can this be used for binaries?
Don't trade binary options. It's a terrible idea.
Where is the practice example.
How can one differentiate between Harmonic pattern and Order block
bruh. its a pattern, order block is a specific zone
Do you know a breaker block?
@@davislavon6197 yeah.
Then you should understand my question
"Non-sense will become true" 😄
What do you think about EARNINGS Levels by this banker - ruclips.net/p/PLx_YGZ9_oRt_0kZgTSYtQJU4lOazgMfV6
Are there any time frames that work better than others? I'm guessing 4 hour is ideal?
No. All time frames are the same.
The Cypher you have here is not correct. It's 127% - 1414% with price action not allowing to close beyond 1414% with entries at 786%, not ideally. The 113% is the Shark.
It's correct according to the reference I used.
@@fractalflowpro This seems to be a controversial issue, The Cypher pattern is not uniform in many references
@@fractalflowpro 我使用你的方法做了回测，对于原来别人讲的Cypher pattern策略，发现你的方法成功率更高一些，太感谢你了，希望以后你能做出更多优秀的视频
Clearly, these strategies are not beginner friendly! Advanced trading techniques.
this video is only like reading a book without actual example.. not really a beginners guide.
ruclips.net/video/P43fen4_QS4/видео.htmlsi=DbsFmMAPH8Vo9_MP virendra sir smjhate bhut achA hai aur unka way of analysis hai vo bhut acha hai