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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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26/73
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 Potencial Trade With Bearish Gartley Pattern found August 8 2011 in EURUSD:In my first article I gave a general description about how to identify Hamonics, in this article i will specify a practical example of my last Pattern found in the EURUSD. As you can see in the image below the pattern  found was a Bearish Gartley Pattern, is a visual, geometric price/time pattern comprised of four consecutive price swings, or trends - it looks like a “W” on price chart that contains a bearish ABCD pattern preceded by a significant high (X). How to find Bearish Gartley Pattern: For this pattern to be valid, each turning point (X, A, B, C, and D) should represent a significant high or significant low on a price chart. These turning points define the four consecutive price swings, or trends, which make up each of the four pattern “legs.” The bearish Gartley Pattern Rules: 1. Swing from A to D ideally will be a 61.8% or 78.6% retracement of XA. -Note: A valid ABCD pattern must be observed in the move from A to D. 2. Ideally, the time from point XA and AD should be in ratio and proportion. -Time of AD is typically between 61.8% – 161.8% of XA. 3. In limited instances, the ABCD move may complet…
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LinnuxFX avatar
LinnuxFX 19 Aug.

I think they change the top10 rank presentation only, but i do not anderstand these classifications...

LinnuxFX avatar
LinnuxFX 23 Aug.

This mounth i will not post more article, lets see what kind of classification they will present at the end of mounth...

LinnuxFX avatar
LinnuxFX 25 Aug.

You could find more pattern exemples here : http://www.harmonicpatterns.com/

Bluedragon avatar
Bluedragon 30 Aug.

Nice and simple trade with these patterns, +1 :)

ritesh avatar
ritesh 31 Aug.

do you use Divergence by any chance..

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