Harmonic patterns trading ideas

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10/20/2020 at 9:09 AM #147851 quote

Nicolas
Keymaster

Legend

Thank you ALE for the daily update about that possible setup on US stocks. I see that there are ‘target profit’ and ‘invalidation’ price levels, how does it works please?

10/20/2020 at 2:03 PM #147911 quote

ALE
Moderator

Master

Hi Nicolas,
Thanks for your comment. It is a pleasure.

Invalidation is the level considered to deduce whether the actual pattern is canceled. Tp1 and Tp2 are considered the profit targets of the pattern.
The levels are taken from the HARMONIC TRADING book – SIXFIGURECAPITAL.COM.
The figure on the daily time frame can remain valid for days, i.e. until the level of invalidation or the first target is reached by the price.
Usually I don’t consider the second target, because the first target can generate strong rebounds as show in the attached pic.
Thanks
Ale

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TP-Rebound-2020-10-20_14-57-52.jpg

10/20/2020 at 2:25 PM #147914 quote

Nicolas
Keymaster

Legend

Thanks for the detailed explanation, it is very clear. So, for a better understanding for people who are reading this topic, you are finding those patterns automatically? How does it work please? Never hesitate to explain what you have achieved with your coding knowledge 🙂 It could encourage people to learn programming and create great tools too! 😀

10/20/2020 at 2:44 PM #147920 quote

MAKSIDE
Participant

Veteran

@ALE

I think you have already tested harmonic pattern with an automatic strategy in order to reach TP1 for example ?

Thank you for sharing

10/21/2020 at 5:45 AM #147965 quote

ALE
Moderator

Master

Hello Makside
No, never used an EA for technical trading, also in this case the trades must be evaluated for a set of exogenous factors, such as bias, basic fundamental analysis, etc etc.

The appearance of the pattern can only confirm other factors, primarily my cognitive bias.

MAKSIDE thanked this post

10/21/2020 at 6:21 AM #147966 quote

ALE
Moderator

Master

Hello Guys,

here below the Harmonic patterns detected today:

Time
Market
Name
Pattern
Direction

06:57.52
Shares – XETRA
Deutsche Lufthansa AG
Gartley
Bearish

06:57.54
Azioni – Sud Africa
Tiger Brands Ltd
Gartley
Bearish

06:57.55
Shares – XETRA
Leoni AG
Butterfly
Bullish

06:57.59
Shares – XETRA
B+S Banksysteme Aktiengesellschaft
Bat
Bearish

Regards

Ale

PLermite thanked this post

AutomaticTrading-Harmonic_Pattern-2020-10-21_07-03-23.jpg AutomaticTrading-Harmonic_Pattern-2020-10-21_07-02-17.jpg AutomaticTrading-Harmonic_Pattern-2020-10-21_07-00-46.jpg AutomaticTrading-Harmonic_Pattern-2020-10-21_07-00-16.jpg AutomaticTrading-Harmonic_Pattern-2020-10-21_07-00-23.jpg

10/22/2020 at 7:09 AM #148042 quote

ALE
Moderator

Master

Hello Guys,

here below the Harmonic patterns detected today :

Date
Time
Market
Name
Pattern
Direction

2020-10-22
7.15.50
Azioni – US (NASDAQ)
CBTX Inc
Gartley
Bearish

2020-10-22
7.15.51
Azioni – US (NASDAQ)
Asure Software Inc
Gartley
Bearish

2020-10-22
7.15.52
Azioni – US (NASDAQ)
Intellicheck Inc
Bat
Bearish

2020-10-22
7.15.53
Azioni – US (NASDAQ)
Arrowhead Research Corp
Gartley
Bearish

2020-10-22
7.15.54
Azioni – US (NASDAQ)
Spectrum Pharmas Inc
Butterfly
Bullish

Regards
Ale

PLermite thanked this post

AutomaticTrading-Harmonic_Pattern-2020-10-22_07-21-54.jpg AutomaticTrading-Harmonic_Pattern-2020-10-22_07-21-15.jpg AutomaticTrading-Harmonic_Pattern-2020-10-22_07-20-36.jpg AutomaticTrading-Harmonic_Pattern-2020-10-22_07-19-39.jpg AutomaticTrading-Harmonic_Pattern-2020-10-22_07-18-43.jpg AutomaticTrading-Harmonic_Pattern-2020-10-22_07-22-02.jpg

10/22/2020 at 1:57 PM #148087 quote

MAKSIDE
Participant

Veteran

Do you know what is the number of invalitated signals ?

difficult to assess but what is the average time to reach the target profit ?

i followed some patterns and very often, not the right direction.. 🙂

10/22/2020 at 4:55 PM #148109 quote

ALE
Moderator

Master

I have never done backtests, I have always used them for confirmation. I believe they should be used only at the discretion.
There are many factors that contribute to the price movement, the pattern must always be used in order to confirm the market sentiment. As I said earlier, it is rational to use patterns by contextualizing them.
Thanks

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10/26/2020 at 6:30 AM #148456 quote

ALE
Moderator

Master

Hello Guys,

here below the Harmonic patterns detected today :

Date
Time
Market
Name
Pattern
Direction

2020-10-26
7.15.50
Azioni – US (NASDAQ)
Lakeland Financial Corp
Gartley
Bearish

2020-10-26
7.15.50
Azioni – US (NASDAQ)
Bank OZK
Bat
Bearish

2020-10-26
7.15.51
Azioni – US (NASDAQ)
People’s United Financial
Gartley
Bearish

2020-10-26
7.15.51
Azioni – US (NASDAQ)
Tilray Inc
Gartley
Bearish

2020-10-26
7.15.51
Azioni – US (NASDAQ)
Atlantic Cap Baneshares
Butterfly
Bearish

Thanks
Ale

AutomaticTrading-Harmonic_Pattern-2020-10-26_06-24-27.jpg AutomaticTrading-Harmonic_Pattern-2020-10-26_06-17-40.jpg AutomaticTrading-Harmonic_Pattern-2020-10-26_06-17-03.jpg AutomaticTrading-Harmonic_Pattern-2020-10-26_06-16-41.jpg AutomaticTrading-Harmonic_Pattern-2020-10-26_06-16-02.jpg AutomaticTrading-Harmonic_Pattern-2020-10-26_06-19-18.jpg

10/26/2020 at 1:47 PM #148510 quote

Francesco
Participant

Veteran

Thank you for the continuous updates ALE 🙂

ALE thanked this post

10/27/2020 at 6:32 AM #148611 quote

ALE
Moderator

Master

Hello Guys,

here below the Harmonic patterns detected today:

Date
Time
Market
Name
Pattern
Direction

2020-10-27
7.15.50
Shares – Mib
Avio SpA
Bat
Bullish

2020-10-27
7.15.50
Shares – LSE
Purplebncks Grp PLC
Gartley
Bullish

2020-10-27
7.15.50
Shares – LSE
Jet2 PLC
Bat
Bearish

2020-10-27
7.15.50
Shares – LSE
Sainsbury (J) PLC
Gartley
Bearish

(These days the market is bearish due to the pandemic, and general uncertainty. I am flat, waiting for opportunities to buy).
Regards
Ale

AutomaticTrading-Harmonic_Pattern-2020-10-27_06-21-52.jpg AutomaticTrading-Harmonic_Pattern-2020-10-27_06-13-34.jpg AutomaticTrading-Harmonic_Pattern-2020-10-27_06-13-18.jpg AutomaticTrading-Harmonic_Pattern-2020-10-27_06-12-58.jpg AutomaticTrading-Harmonic_Pattern-2020-10-27_06-17-21.jpg

10/29/2020 at 11:44 AM #148882 quote

ALE
Moderator

Master

Hello Guys,

here below the Harmonic patterns detected today:

Date
Time
Market
Name
Pattern
Direction

2020-10-29
8.08.10
Shares – XETRA
Paion AG
Bat
Bullish

2020-10-29
8.08.11
Shares – LSE
Xtrackers FTSE 100 Short Daily Sw…
Bat
Bearish

2020-10-29
8.08.12
Shares – LSE
Babcock Inti Grp PLC
Bat
Bullish

2020-10-29
8.08.13
Shares – XETRA
Vonovia SE
Bat
Bullish

2020-10-29
8.08.14
Shares – LSE
Land Secu Grp PLC
Gartley
Bullish

2020-10-29
8.08.14
Shares – LSE
Aviva PLC
Butterfly
Bullish

Thanks
Ale

AutomaticTrading-Harmonic_Pattern-2020-10-29_07-59-20.jpg AutomaticTrading-Harmonic_Pattern-2020-10-29_07-55-45.jpg AutomaticTrading-Harmonic_Pattern-2020-10-29_07-55-19.jpg AutomaticTrading-Harmonic_Pattern-2020-10-29_07-53-16.jpg AutomaticTrading-Harmonic_Pattern-2020-10-29_07-53-00.jpg AutomaticTrading-Harmonic_Pattern-2020-10-29_07-54-00.jpg AutomaticTrading-Harmonic_Pattern-2020-10-29_07-55-00.jpg

10/30/2020 at 6:41 AM #148962 quote

ALE
Moderator

Master

Hello Guys,

here below the Harmonic patterns detected today:

Date
Time
Market
Name
Pattern
Direction

2020-10-30
6.25.09
Azioni – US (NASDAQ)
The ExOne Co
Gartley
Bullish

2020-10-30
6.25.09
Azioni – US (NASDAQ)
The RealReal Inc
Bat
Bullish

2020-10-30
6.25.09
Azioni – US (NASDAQ)
FibroGen Inc
Gartley
Bullish

2020-10-30
6.25.09
Azioni – US (NASDAQ)
Harpoon Therapeutics Inc
Gartley
Bullish

2020-10-30
6.25.09
Azioni – US (NASDAQ)
Gilat Satellite Networks Ltd
Butterfly
Bearish

Thanks
Ale

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AutomaticTrading-Harmonic_Pattern-2020-10-30_06-30-22.jpg AutomaticTrading-Harmonic_Pattern-2020-10-30_06-28-16.jpg AutomaticTrading-Harmonic_Pattern-2020-10-30_06-27-48.jpg AutomaticTrading-Harmonic_Pattern-2020-10-30_06-26-55.jpg AutomaticTrading-Harmonic_Pattern-2020-10-30_06-26-02.jpg List-2020-10-30_06-30-28.jpg

11/02/2020 at 7:18 AM #149238 quote

ALE
Moderator

Master

Hello Guys,

here below the Harmonic patterns detected today:

Date
Time
Market
Name
Pattern
Direction

2020-11-02
06:57.55
Azioni – US (NASDAQ)
Riot Blockcham Inc
Bat
Bullish

2020-11-02
06:57.55
Azioni – US (NASDAQ)
Aspen Grp Inc
Bat
Bullish

2020-11-02
06:57.55
Azioni – US (NASDAQ)
Service Properties Trust
Gartley
Bullish

2020-11-02
06:57.55
Azioni – US (NASDAQ)
MediWound Ltd
Bat
Bullish

2020-11-02
06:57.55
Azioni – US (NASDAQ)
Verrica Pharmas Inc
Butterfly
Bullish

These days there will be a lot of volatility, the structure of the harmonic patterns always involves a reversal, but these days it is very dangerous.
Regards
Ale

AutomaticTrading-Harmonic_Pattern-2020-11-02_06-54-54-Riot-Blockcham-Inc.jpg AutomaticTrading-Harmonic_Pattern-2020-11-02_06-54-54-Aspen-Grp-Inc.jpg AutomaticTrading-Harmonic_Pattern-2020-11-02_06-54-54-Service-Properties-Trust.jpg AutomaticTrading-Harmonic_Pattern-2020-11-02_06-54-54-MediWound-Ltd.jpg AutomaticTrading-Harmonic_Pattern-2020-11-02_06-54-54-Verrica-Pharmas-Inc.jpg List-2020-10-30_06-30-28.jpg
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