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 11. The Harmonic Trade Management System
I want to review the trade that forced me to create this system because it was a real heartbreaker. It probably was one of the greatest moves that I’ve ever missed. The stock: Redhat—RHAT! I remember thinking before I entered this trade that the symbol alone was a sign of a bad trade—a dirty RHAT! I thought that it might be a loser, despite the overwhelming harmonics.
The trade involved a nice bullish AB=CD at a critical 0.618 retracement that defined the area just under $75 as significant harmonic support (see Figure 11.1). Despite my apprehension for the symbol, I placed my trade. I bought 1200 shares at 74 3/4. Within a day or two, the stock rallied vigorously. The stock moved sideways for ...
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O’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.Julian F.
I wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.Addison B.
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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.