Tuesday, July 2, 2013

Oscillator To Avoid Failed Harmonic Pattern



The Harmonic Pattern is so popular and we all agree it really works !! Many of Harmonic Trading topics are full of succesful screenshots of Patterns like Gartley, Butterfly, Bat ...etc. What about the opposite, the invalidated (also called failed) ones ? 
In fact, Harmonic Pattern success rate is only about 80%. 
I'll start posting some of failed cases and then I will show how to avoid it. Following examples present invalidated/failed patterns:
This is an emerging Bullish Gartley Pattern, deteced by one Harmonic Pattern Indicator, price was supposed to go up after the pattern is displayed... . what really happened afterward is price continuing down and the Harmonic Pattern expand it's right wing and failed eventually

Here are more definitely failed pattern:
The pattern signal a short sell but price still go up
Bullish Butterfly doesn't work !!!
That's why we have developed an extra confirmation oscillator to increase the successful ration of the pattern, it will filter out failed pattern and also reduce the number of potential trades. But as veteran traders Sive Morten has taught: "...Trader should better accept losing trading chance than losing trading capital..", I am happy to introduce it to you Super Trend Oscillator.
Come back to the very first screenshot in this post and compare the entry signal with the screenshot below, you will see how it pick the perfect bottom:
Compare this screenshot with the very first chart in this post to see how good it generate Buy Signal
Here is an overview of the whole system :
All Signals are generated consistently with the Emerging Harmonic Patterns and help you confidently enter the trade without worrying it would fail
Another successful case :
This Super Oscillator is provided along with the Forex Harmonic Detection Indicator
From blog Forex Currency Market

24 komentarze:

Paweł Bieńkowski said...

Hi
can you send me this oscillator on my email:
pbienkowski@gazeta.pl
Thanks.

poc clau said...

hello
Super Trend Oscillator looks very interesting!
I'd be happy to use it, because it looks good return of trend
can you send it to me and me on mail: pocclau26@gmail.com or poc_clau@yahoo.com
thank you very much

Brandon Darnell said...

could you please send me this indicator so that i may back test...thankyou)))
email: kapushafx@gmail.com

Arek L said...

xspojlerx@wp.pl

Me said...

Hi mate, nice job, can i have it? email is gaddari_7@hotmail.com :), thanks!!

Forex Sagi said...

item has been sent to all above emails
Cheers

Brandon Darnell said...

thank-you for this great indicator and your prompt response....
Could you please explain what this indicator is based of...such as stochastic, rsi, bollinger bands, etc.
I'm just a little curious about the inner workings of it and how a buy or sell signal is generated.}

Thank-you again....

Zbych Kupczyk said...

btmtrader@gmail.com
thank you

James Dermody said...

james.dermody.forex@gmail.com
I'd like to try it - thanks in advance!

Danish Younus said...

dyounus79@gmail.com

thanks

Marek Konarski said...

abadu@wp.pl

thanks!

Adam Staniecki said...

adam.staniecki@gmail.com

dzieki

cvb said...
This comment has been removed by the author.
rsmelan said...

rsmelan@gmail.com

Melony said...

gdinnyes@gmail.com
It looks good, many thanks!

yohann picolo said...

picolosan312@yahoo.fr

Thanks

Jaewook Jung said...

wodnr28@naver.com

thanks

Balazs Attila said...

Please send it to highyield10@gmail.com
Thanks in advance!

fxscalper said...

Can you send it to fxscalper@gmail.com? I would like to backtest it.

fxscalper said...

???

HARIPRASAD RAJANNA said...

The super trend oscillator looks very good. Can you please send it to my email seehari@gmail.com

Unknown said...

can u send to my email to please!!
pablo.mar5186@gmail.com

Unknown said...

can i get it in my email please
ajsugar91@gmail.com

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