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16/41
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Dear my Dukascopy community readers.

Today we are going to learn how to trade in Harmonic Pattern Gartley. First of all, I want to give you brief information about Harmonic Pattern history. Most of Forex, Stock, and Cryptocurrencies traders use harmonic pattern trading method at the advanced trading. Scott Carney President and Founder of HarmonicTrader.com has defined a system of price pattern recognition and Fibonacci measurement techniques. He gave the name and determined harmonic patterns such as the Bat pattern, the Gartley pattern and the Crab pattern.
This article, which I wrote for you provide my own look on harmonic trading. The most famous formation among the Harmonic Patterns known as Gartley. Let us say how to draw formation. When we draw the formation like as below, this is the gartley formation. One of the most important note is that XA must be a impluse. Gartley can be seen in a uptrend or in a downtrend. In this formation the impluse begins then correction again impluse begins. We will use X A B C D letters in Gartley pattern
Our first movement should be impluse in uptrend or in downtrend. Name is this movement is XA. First rule is that XA must be impluse. After …
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thedoctor avatar
thedoctor 28 Aug.

greet article

AnnaZhurina avatar

Good job!

Mepcuk avatar
Mepcuk 29 Aug.

Great

Muller avatar
Muller 30 Aug.

Interesting pattern and good explanation.

ElizavetaKl avatar

good job

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4/31
Ranking
Just think...
What if there really was a secret to trading? A secret code that every market abided by, in every time frame from 5 seconds to 5 years? What if the same analysis could be used to identify a short 1 minute swing in the EUR/USD and to identify the next major global financial meltdown, like the one that started in 2007? I suggest that there may well be...and that it comes from a complex set of mathematical laws that have been studied by ancient mathematicians for thousands of years, and have governed the universe for millions of years. I'm talking about Fibonacci Analysis. Not just your simple Fibo retracement, something much more complicated...and much more accurate.
What is Fibonacci?
In 1170, nearly 1000 years ago, a child was born in Pisa, Italy. He grew up to be one of the most important mathematicians of all time. His name: Leonardo Fibonacci. He is famed for his research into what is now known as the Fibonacci sequence: a sequence of numbers where each number is derived by adding together the two numbers proceeding it, for example:
1 , 1 , 2 , 3 , 5 , 8 , 13 , 21 , 34 , 55 , 89 , 144 , 233 . . . .
(1 + 1 = 2, 2 + 1 = 3, 3 + 2 = 5, 5 + 3 = 8 and so on...)
Fibonacci…
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Sanju777 avatar
Sanju777 29 Apr.

intersting

000rk avatar
000rk 29 Apr.

very interesting ! thank you !

AngleRMS avatar
AngleRMS 30 Apr.

good article

Zodiak avatar
Zodiak 30 Apr.

good work

ElizavetaKl avatar

Good job

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2/32
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1. Introduction:

Fibonacci was one of the most important scientists of Italy in mathematics made a theory that the basis of any rise must be followed by a temporary decline before continuing to rise again and recently traders began to benefit from this theory in predicting the movement of currencies and measure this theory the extent to which the decline of the process and the most important levels seen by Traders are 38.2 and 50.0 and 61.8 of the main movement which is in the general direction of the currency.
2. Applying Fibonacci Theory to Currency Trading:

Fibonacci lines are strong lines to identify support and resistance points, and the idea of these lines is short: that after forming a bullish or bearish trend, the price must return to correct (ie opposite direction). Here comes the role of these lines to determine the extent to which the correction will occur, and whether this correction will reach the degree of reversal of the trend from the rise to the fall or from the descent to the rise.
Fibonacci lines are therefore the support and resistance points in this correction. The trend here may differ from a strong long-term trend on Weekly or Daily, for example, or it may …
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AAAnya avatar
AAAnya 26 Feb.

Nice!

FXNOAD avatar
FXNOAD 28 Feb.

I thank everyone for their beautiful comments and good luck to everyone

Sharpshooter avatar

Любопытно.

Armands avatar
Armands 1 Mar.

Well done

Mattie avatar
Mattie 1 Mar.

Wonderful job!

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9/30
Ranking
Hi my Dear Dukascopy friends. Today I am going to show you my new Fibonacci strategy. There are many ways to trade with Fibonacci but, I have new Fibonacci strategy that the best way to gain money on EUR/USD. The Fibonacci was developed by Leonardo Pisano. He developed simple ways that today’s use everyone. But I am going to show you new one. Let’s begin with this Fibonacci Forex strategy. When a market has moved a uptrend we are going to replace 6 or 7 buy stops and when a market has moved a downtrend we are going to replace 6 or 7 sell stops like a picture .
UPTREND

TIME FRAME 4 HOURS
  1. We are going to add 3 Fibonacci retracement levels
  • 11
  • 77
  • 88

1. Then we must catch uptrend position
2. The last we are going to place buy stops
3. Put STOP LOSS 200 PiPS
4. PUT TAKE PROFIT the next Fibonacci retracement levels
DOWNTREND

TIME FRAME 4 HOURS
1. Then we must catch downtrend position
2. The last we are going to place sell stops
3. Put STOP LOSS 200 PiPS
4. PUT TAKE PROFIT the next Fibonacci retracement levels
Please try it in demo account several times. Dear my friends if you have any question about strategy dont hesitate to write my inbox Feel Free
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anvifx avatar
anvifx 26 Jan.

Good job!

Miren avatar
Miren 26 Jan.

Спасибо, можно попробовать

Yuliya_N avatar
Yuliya_N 26 Jan.

good strategy

FE_GMTplus10 avatar

well done!!!

Aviator avatar
Aviator 31 Jan.

very good

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11/34
Ranking
The sequence of the Fibonacci numbers is the Italian mathematician Leonardo Pisano. This sequence has been known for centuries. The order is 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89 forever. The numbers are calculated by the sum of the previous two numbers.
Example: 1 + 1 = 2 or 3 + 5 = 8
This numerical relationship has been used in financial markets for more than a century. The most important gold number is Phi. Found with gold ratio. This ratio is the ratio of the number of two consecutive numbers. High number share, low number is share. The result is always approximately 0.618, as seen below.
a = 0.618
b = 0.382
0.618 / 0.382 = 1.618
Gold ratio: 0.618 + 0.382 = 1.000
There are many Fibonacci rates and methods used for your account, but we will lean on those that have practical functions for your financing transactions. They are used to find potential resistance and support levels of the price of an asset on the basis of Fibonacci retracement. F is based on the principle that the yacht will be drawn in a predictable position and then proceed in the original direction. Historically, the most commonly used remedies were in the areas of 38.2%, 50% and 61.8%. These levels appear to be th
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Alexander22 avatar

well done

rashadali avatar
rashadali 21 Nov.

good  work )  keep improving  )

anna_n avatar
anna_n 23 Nov.

informative!

yellownight avatar

good luck

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17/68
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In this Article i will discuss the strategy on use of Stochastic and Fibonacci that can be used with any currency pair but better work on Major pair. the system is good to take trade for 1HR-4HR min time frame ,so lets have a look from setting up chart and entry of trade.
Here How I set my Chart..
  1. I always use Weekly Fibonacci level as my Target Price and Stop Lost
  2. My Target price is always above the second level of weekly Fibonacci for LONG of my Open Position
  3. My target is always below the second level of weekly Fibonacci for SHORT of my Open Position
  4. My stop lost is always at the second second level above of weekly Fibonacci for SHORT
  5. My stop lost is always at the second second level below of weekly Fibonacci above for LONG
  6. Use Stochastic as a great filter to find OVERSOLD n OVERBOUGHT if the Stochastic of 4H is in oversold area, don't try to take SHORT position and vice versa
  7. Always confirm in Stochastic DAILY.. if you found Stochastic in 4H is oversold, but Stochastic Daily didn't say that OVERSOLD.. You can go SHORT and visa versa
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MR_KHALEDBADRY avatar

great work

Aviator avatar
Aviator 22 Jan.

interesting

s_amira avatar
s_amira 23 Jan.

Good article. Thank you for sharing

brilliant avatar
brilliant 25 Jan.

combining the tools increase the odds. good ideas

Wovch avatar
Wovch 29 Jan.

very nice

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10/57
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Almost anybody can recognize support and resistance levels on charts. Drawing few lines (vide Fibonacci levels) or triangle is a task that most people can accomplish. But what to do next ? Is the price going to pierce current level or is it going to test it only? Maybe price will only make a short spike and then return to the previous state (false break)?
Many traders aren’t aware that most of price breaking moves are „false breaks”( especially break against current trend) – meaning that price after making break starts moving in opposite direction. Sometimes it can be only price retracement but even though it can trigger tight stop loss orders and change small price retracement into a false break.
How to increase your chances to succeed trading false breaks?
1. View the situation in a wide perspective.
2. Identify trend in higher time frames – most false breaks are against trend
3. Analyze price levels with price canals, trend lines
Why there are false break after all? The old trader’s saying can give us a hint: "Bulls make money, bears make money, but pigs just get slaughtered!". What does it have to do with false breaks? Pigs are considered amateur traders which usually trad…
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aleks1204 avatar
aleks1204 31 Aug.

отлично !!!

Gonchar avatar
Gonchar 17 Sep.

Видно старался!

Faster avatar
Faster 30 Sep.

Great

Vain avatar
Vain 26 Oct.

very good

Nomi avatar
Nomi 14 Nov.

very nice good luck

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11/47
Ranking
One of the most popular reversal candlestick patterns is definitely a Shooting Star pattern.
Characteristics of the Shooting Star Pattern
The Shooting Star candlestick formation is bearish reversal candlestick pattern which usually results in creation of the top, at the end of an uptrend. So, what elements need to be there in order for this pattern to be created ? It needs to have a very long upward wick, however the opening and closing price have to be roughly the same. Ideally, the wick, or also called a shadow, will be at least twice the length of the body.
Picture 1. Shooting star candlestick pattern (Source: OnlineTradingConcepts.com)
There are different types of the shooting star, but the closer it is to this basic textbook description the better. The candle can also be green but the effect is greater if we have a bearish candle. One of the key reasons why this pattern is so effective its because the
bears were able to reject the bulls completely plus the bears were able to push prices even more by closing below the opening price. There are two very important additional elements to be noted here:
1) the volume plays a big role here. The greater the volume it is at the highs…
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zarina avatar
zarina 31 July

Спасибо за полезную информацию !

Sennna88 avatar
Sennna88 31 July

Спасибо zarina!

777DRAKON777 avatar

спасибо

Bruno_Grunberg avatar

Something to digg...

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15/52
Ranking
Review of last week
Last week began with a low-volatility due to the bank holiday in the UK and Memorial Day in the US. On the first day of trading we had data on inflation in Germany, which were in line with forecast and were 0.3%. The same day, but in later times, Japan has demonstrated its unemployment data which were steady at 3.2 which is not much change market.
The first excitement came after the article in Bloomberg that Abe prime minister has made a decision on the delay tax rise, to hit the yen and the yen reached a bottom after that during the last few weeks under all currency pairs. However turnover occurred after confirming the news when became the official, Japanese yen did not fall on the first notice that after a few hours strongly strengthened against the dollar from the 110.70 to 109.
On Tuesday we had confirmation that inflation in the Eurozone was at the expected level in the amount of 0.8%, which is just above last month for 0.1%. GDP in Canada was weaker than expected and the news affected the fall of Canadian dollar despite rising oil prices, which in the last week trading for the first time this year was above $ 50 per barrel. Ends week brought the excitement…
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Forex_champion avatar

great article

ARASHFATHI avatar
ARASHFATHI 29 June

fantastic

amerfx86 avatar
amerfx86 30 June

Thanks a lot all, for your opinion.

klintons avatar
klintons 4 July

Nice

paglu avatar
paglu 2 Aug.

Very important

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17/59
Ranking
As I have announced in my previous article, I’m still expecting very interesting and surprising developments in the coming months and actually it has been happening in May, but certainly this is not the end of excitement in the forex. In the series of articles titled “Forex Weekly Outlook” will continue to provide my opinion to readers together with detailed information analyzes and forecasts for the currency pairs that they are asking for. Of course, I want to encourage readers to any suggestions, questions or requests to write in the commentary box. Based on the suggestions from Dukascopy community members, this week I will analyze the USDJPY and I expect the biggest volatility in this pair. I want to introduce a novelty – a new subtitle, which will go from now on every week and will represent a review of the last week in which I will try to remind you about the most important events of the last week.
Review of the last week
After several days of weakening dollar, Tuesday was a U-turn day. In almost all USD currency pairs daily candle was inverse hammer or a hammer. Investor’s concerns are that the currency with negative interest rates strengthened against the dollar so that is…
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bokafx avatar
bokafx 29 May

Good technical analysis for USD/JPY, useful article.

Helena_Prekrasnaj avatar

I like your idea for writing several articles!

Govagent avatar
Govagent 1 June

Yup, I'm waiting for the bounce all right ^_^

amerfx86 avatar
amerfx86 6 June

Thanks all  for support!!!!!

amerfx86 avatar
amerfx86 6 June

As we seen in friday and yesterday 106.50 support is in play again and as i mentioned in the article buyers are ready to put the trade on the price range from previous low of 105.4-106.50. Every move in this range we seen after strong bounce.

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22/59
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In 1202 an Italian mathematician completed his Liber Abaci ( Book of Calculation). He introduced to the modern western world Hindu–Arabic numeral system (0,1,2,3,4,5,6,7,8,9) as much more efficient way to solve different mathematical tasks in commercial bookkeeping, converting weights and measures, calculation of interest and other applications. That was Leonardo Pisano Bigollo, figlio (son of ) Bonacci , well known today as Leonardo Fibonacci ( 1170? – 1250? ) In some of his examples, he used a sequence (now known as Fibonacci numbers) noted by Indian mathematicians as early as the sixth century : 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377 ... where the every next number is sum of previous two numbers . Every next number is equal to previous one , multiplied by Φ (phi) =1.618 ( excluding the first 5 numbers )This is the GOLDEN MEAN , the Secret Code of the Nature . Φ = 1.618 ; 1/Φ = 0.618 ; Φ*Φ = 2.618 . Everything in the Universe, all processes - physical, biological, social, historical are subject to this proportion. ... Financial markets are not exeption .
Ralph Nelson Elliott (28 July 1871–15 January 1948) did pure technical analysis of different stock market d…
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Cristobal avatar

Very good article !!!

varunk80 avatar
varunk80 28 May

good luck for your work

harih avatar
harih 30 May

yes, this article is very useful

_shokolad_ avatar

Wow!) that's really interesting ))

harih avatar
harih 31 May

I am agree with your opinion - "The strategy weaknesses can't be avoided

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13/66
Ranking
Buenos días a todos!
Antes de todo pido disculpa para escribir este post en Español! Podría intentar en Inglés pero seguro estaría lleno de errores horripilantes así que prefiero evitar!!
Después de años de trabajo e intentos de desarrollar una estrategia de éxito llegué a pensar que la solución está en la FRACTALIDAD!
Como sabemos el mundo fractal regula el universo, desde el Big-Bang de la creación hasta los últimos descubrimientos sobre la materia y su composición, las celulas, los atomos, los cristales ..etc
En el Trading existen muchas conexiones con la fractalidad, desde los marcos de tiempos hasta las increíbles herramientas basada en los números de Fibonacci!
Ya he trabajado mucho intentando de simplificar e intender los secretos de los mercados finacieros bajo las reglas de la FRACTALIDAD ... y allí va el proyecto de una estrategia basada en ella!
Vamos a ver algo de realmente increíble, aquí tenemos dos gráficos ... nada de especial, uno bajando, el otro subiendo ...en los dos conseguimos dos operaciones de éxito con relación de ganancia/riesgo de aproximadamente 3:1 ... bieeeen!!!
Bueno ... hasta aquí todo bien ... la entrada buena, el beneficio casi lo mismo.
Hay una "…
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DominguezV avatar
DominguezV 16 Mar.

Interesante Articulo!! buen tabajo!!

VALTRAD avatar
VALTRAD 19 Mar.

Да, действительно работает это. Остаётся лишь выискивать эти фракталы. Также замечал, что если фрактал ломается (а такое случается) и, если не упрямится, то тоже можно заработать. В своём блоге от 18 марта описал сходство, как мне показалось AUD / USD М5 и EUR / USD H1.

Olkiss70 avatar
Olkiss70 31 Mar.

good article!

Natalia_Kisenko avatar

very great article!

abel avatar
abel 31 May

Buena vision del mercado y sus condiciones fractales.

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8/45
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1.0 Introduction

This article will help you become a better Forex trader in the year we have already stepped in. the new technologies and the new atmosphere is going to bring certain changes in every aspect of our life, so is going to happen with the forex.
People often get tired before reaching their goal in most of the things they do, and often it they are unaware how close they were. With traders, it is the same thing; many times you have been so close to getting a score, but maybe you missed something – even a minor step – simple that could lead you to a door of success. Knowing how to avoid such mistakes, well, not only small ones, but major ones too, are going to give you huge advantage towards your goal. And your goal is everybody’s – success. Learning is – some say – best from mistakes, preferably from other people’s mistakes, not your own. Some traders will dig and dig until they have something worthy, but some will give up after a series of unsuccessful attempts. The sad part is that you never know if you needed just another trade before turning your wheel of fortune towards your success. This article might help you overcome moments of impatience and help you recognize…
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nahimkha avatar
nahimkha 26 Feb.

Good article. nice work.

benjudefx avatar
benjudefx 27 Feb.

Dukascopy Movers & Shakers widget shows only daily stats. How I can see hourly basis?

albertpip avatar
albertpip 27 Feb.

How much do you earn per year ? Trading journal in this article shows small number of pips per month.Great work.

Likerty avatar
Likerty 28 Feb.

I found Elliot wave interesting, but a secondary tool after all.. Main draw is that this approach is too abstract and it misses a lot what's in between as bids/offers comes and PA moves around before reaching/producing reference points to analyse

mostofaah avatar
mostofaah 28 Feb.

I dont use Elliott wave theory but I think when we use Fib. levels on some way we are using Elliott wave theory too because it is related.

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10/45
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INTRODUCTION

Despite being technical analysis indicators, the powerful Fibonacci tools are widely used even by fundamental analysis traders. Unlike the common lagging indicators, they can predict future price levels . I leave the debate of whether this is a self-fulfilling prophecy or a bias toward a law in nature to others. Those tools will be explained in this article one by one.
FIBONACCI & THE FIBONACCI NUMBER SEQUENCE
Fibonacci was a thirteenth-century talented mathematician who described the numerical series now named after him. In the Fibonacci sequence of numbers, after 0 and 1, each number is the sum of the two prior numbers. Hence, the sequence is as follows: 0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610 and so on extending to infinity. Each number is approximately 1.618 times greater than the preceding number.
THE GOLDEN RATIO
This figure 1.618 is called Phi or the Golden Ratio. The inverse of 1.618 is 0.618. The golden ratio appears everywhere in Nature from the micro scale to the macro scale. Things that are based on this divine proportion are beautiful and shapely and things that do not contain it look ugly and seem suspicious and unnatural.
FIBO
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MohadAjaj avatar
MohadAjaj 28 Feb.

great explanation

Mohamed16 avatar
Mohamed16 28 Feb.

good article

corneliu avatar
corneliu 28 Feb.

good luck!

VALTRAD avatar
VALTRAD 28 Feb.

Тема действительно освещена развёрнуто.

Nihad avatar
Nihad 28 Feb.

Very informative. There is no magic in it, the secret lies in that from long time ago floor and pit traders used it as Support & Resistance levels. Therefore, traders all around the world respects these levels fully. You will always find the price action is very slow when approaching any level, that's respect

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24/45
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FIBONACCI LEVELS

HISTORY
Fibonacci (Fibonacci) Italian mathematician, 1202 in Pisa has published the work "Liber Abaci". This work has changed Europe - he Europeans began to use Arabic instead of Roman. This mathematician known for the fact that developed a sequence of numbers, which later became known as the Fibonacci sequence or the Fibonacci numbers.
NUMBERS
The first number in a sequence of 0 and 1. The second sequence is developing in a way that the resulting number of the next added to the preceding one of the figure:
0, 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, 987, 1597, 2584, 4181 and so on.
Eg .: 0 + 1 = 1; 1 + 1 = 2; 2 + 1 = 3; 2 + 3 = 5; 3 + 5 = 8; 5 + 8 = 13, etc.
Leonardo Fibonacci discovered that the Fibonacci sequence and its ratio can be found everywhere, even in the natural world. This sequence applies to almost as a universal rule.
This sequence has a number of interesting features:
Any number ratio of the number which is the nearest number in the sequence after the first four numbers are close to 0,618 or 61.8% (the golden section ratio). For example: 34/55 = 0.618
Any number ratio of the number which is two places below, closer to 0,382 or 38.2%…
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GeeGee avatar
GeeGee 20 Feb.

Not bad! :)

Likerty avatar
Likerty 20 Feb.

Fib's have this strange magic.

Ange_Farouche avatar

good analyses

Natalia_Kisenko avatar

Great article!

Airmike avatar
Airmike 22 Feb.

nice

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