April 2010
Intermediate to advanced
288 pages
5h 42m
English
book
Harmonic Trading, Volume One: Profiting from the Natural Order of the Financial Markets
by Scott M. Carney
Content preview from Harmonic Trading, Volume One: Profiting from the Natural Order of the Financial Markets
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Chapter 1. Harmonic Trading
What Is Harmonic Trading?
Harmonic Trading is a methodology that utilizes the recognition of specific structures that possess distinct and consecutive Fibonacci ratio alignments that quantify and validate harmonic patterns. These patterns calculate the Fibonacci aspects of these price structures to identify highly probable reversal points in the financial markets. This methodology assumes that harmonic patterns or cycles, like many patterns and cycles in life, continually repeat. The key is to identify these patterns and to enter or to exit a position based upon a high degree of probability that the same historic price action will occur.
Harmonic Trading is based upon the principles that govern natural and universal ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.