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Harmonic Trading, Volume Two: Advanced Strategies for Profiting from the Natural Order of the Financial Markets
book

Harmonic Trading, Volume Two: Advanced Strategies for Profiting from the Natural Order of the Financial Markets

by Scott M. Carney
May 2010
Intermediate to advanced content levelIntermediate to advanced
288 pages
6h 26m
English
Pearson
Content preview from Harmonic Trading, Volume Two: Advanced Strategies for Profiting from the Natural Order of the Financial Markets

Chapter 5. BAMM Theory

BAMM = Bat Action Magnet Move

BAMM is an abbreviation for Bat Action Magnet Move. The essence of this theory is based upon the primary tenet of Harmonic Trading that not all patterns are the same, as specific “technical entities” in the form of harmonic patterns define unique trading situations. In Harmonic Trading: Volume One, I discussed “The Great Gartley Controversy,” which explains the importance of exact alignments of Fibonacci ratios with respect to price structures. My differentiation of similar pattern structures led me to discover the importance of respecting exact alignments. Specifically, the Bat pattern, which requires a different alignment of Fibonacci ratios than the general Gartley pattern, consistently ...

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Publisher Resources

ISBN: 9780132171762Purchase book