Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

PriceActionTrader

Birth of New Trend Tipple Entry Harmonic Pattern Trading Strategy

Recommended Posts

Birth of New Trend Tipple Entry Harmonic Pattern Trading Strategy is conceptual frame work for traders. Here is the brief description on the strategy.

 

 

 

Harmonic Pattern Indicates Birth of New Trend (Birth of New Trend Triple Entry Trading System)

 

Universe goes around and around and it repeated itself millions of years even before humans know they did. As with many living and non living creatures on earth and outside earth, any entities in this world will go through somewhat similar fates of the four stages which are birth, growth, mature and death. As an author and developer of Harmonic Pattern Plus software for MetaTrader platform, I learnt the ways of using these harmonic patterns in Forex Trading. Just like I mentioned before, the trend itself will repeat in the cyclical form and in each cycle it will go through the four stages: birth, growth, mature and death. Harmonic Patterns are potential tool can be used to identify the turning point of current trend. The turning point is the timing where new trend are born from old trend. Normally when this happen, the momentum of the market (i.e. from the old trend) is getting weaker and this process will also accompany chaotic market views from all different individual traders. Finally after several attempts from frontiers, the new trend will be born with some movements with high energy.

 

According to this principle, I devised a triple entry system with Harmonic Patterns. I use Harmonic Patterns as a tool to detect a potential birth of new trend. Although harmonic patterns are not perfect, the patterns definitely have good predictive power. With the detected harmonic patterns, the traders should be very attentive to the potential directional change. In next section I will describe three entry points when the harmonic patterns are formed in your chart.

 

 

 

Three possible Entries with Harmonic Pattern

 

First entry, when the harmonic patterns are newly formed literally, all the technical indicators will still give you opposite signal from the old trend. This is where traders with fear with over bought and under sold conditions start to pull their positions. The first entry is where you need to take extra care with your position. In nature, the first entry is close to mean reversion trading. The bottom line here is that you must have stop loss and take profit target here.

 

Second entry is where crowds will put several attempts to change the trend direction. There might be some noisy. If the turning point from first entry is still intact, this is good sign. At this timing, some fast technical indicators will be helpful to identify entry point. At this point, I recommend to use two moving average cross over as your signal. Here you will also need stop loss for your position. However your take profit might be conditional upon the formation of third entry. Initially you can have take profit then later you can change it.

 

Third entry is where crowds are more confident about the new trend direction. The trend will start to develop. This is equivalent to growth stage of the four life cycles and this is the most exciting opportunity for trades. Now all the technical indicators will be lined up with new trend and they will be on the same direction as the new trend. I recommend here to use momentum based strategies. You might use MACD or triple exponential moving averages.

 

First and second entry is equivalent to birth stage of the four life cycles and third entry is equivalent to growth stage of the four life cycles. First entry is close the mean reversion trading. Second and third entries are close to trending following strategy. The first and second entry can occurs at the same time but they can also occur with some time interval. When you trade according to these three entry points, it is important to remember which stage the current market is on. Also question yourself why birth of new trend is highly probably at this stage either using fundamental and technical indicators. Properly using these three entry points with harmonic patterns, there will be high chance you could be right. Identifying harmonic pattern on individual charts is not easy task to do manually. After I consulted with many harmonic pattern traders, I developed the automatic scanning software, Harmonic Pattern Plus. You might use this software to go with this three entry trading strategy.

BNT Triple Entry Strategy v1.2.pdf

Share this post


Link to post
Share on other sites
Birth of New Trend Tipple Entry Harmonic Pattern Trading Strategy is conceptual frame work for traders. Here is the brief description on the strategy.

 

 

 

Harmonic Pattern Indicates Birth of New Trend (Birth of New Trend Triple Entry Trading System)

 

Universe goes around and around and it repeated itself millions of years even before humans know they did. As with many living and non living creatures on earth and outside earth, any entities in this world will go through somewhat similar fates of the four stages which are birth, growth, mature and death. As an author and developer of Harmonic Pattern Plus software for MetaTrader platform, I learnt the ways of using these harmonic patterns in Forex Trading. Just like I mentioned before, the trend itself will repeat in the cyclical form and in each cycle it will go through the four stages: birth, growth, mature and death. Harmonic Patterns are potential tool can be used to identify the turning point of current trend. The turning point is the timing where new trend are born from old trend. Normally when this happen, the momentum of the market (i.e. from the old trend) is getting weaker and this process will also accompany chaotic market views from all different individual traders. Finally after several attempts from frontiers, the new trend will be born with some movements with high energy.

 

According to this principle, I devised a triple entry system with Harmonic Patterns. I use Harmonic Patterns as a tool to detect a potential birth of new trend. Although harmonic patterns are not perfect, the patterns definitely have good predictive power. With the detected harmonic patterns, the traders should be very attentive to the potential directional change. In next section I will describe three entry points when the harmonic patterns are formed in your chart.

 

 

 

Three possible Entries with Harmonic Pattern

 

First entry, when the harmonic patterns are newly formed literally, all the technical indicators will still give you opposite signal from the old trend. This is where traders with fear with over bought and under sold conditions start to pull their positions. The first entry is where you need to take extra care with your position. In nature, the first entry is close to mean reversion trading. The bottom line here is that you must have stop loss and take profit target here.

 

Second entry is where crowds will put several attempts to change the trend direction. There might be some noisy. If the turning point from first entry is still intact, this is good sign. At this timing, some fast technical indicators will be helpful to identify entry point. At this point, I recommend to use two moving average cross over as your signal. Here you will also need stop loss for your position. However your take profit might be conditional upon the formation of third entry. Initially you can have take profit then later you can change it.

 

Third entry is where crowds are more confident about the new trend direction. The trend will start to develop. This is equivalent to growth stage of the four life cycles and this is the most exciting opportunity for trades. Now all the technical indicators will be lined up with new trend and they will be on the same direction as the new trend. I recommend here to use momentum based strategies. You might use MACD or triple exponential moving averages.

 

First and second entry is equivalent to birth stage of the four life cycles and third entry is equivalent to growth stage of the four life cycles. First entry is close the mean reversion trading. Second and third entries are close to trending following strategy. The first and second entry can occurs at the same time but they can also occur with some time interval. When you trade according to these three entry points, it is important to remember which stage the current market is on. Also question yourself why birth of new trend is highly probably at this stage either using fundamental and technical indicators. Properly using these three entry points with harmonic patterns, there will be high chance you could be right. Identifying harmonic pattern on individual charts is not easy task to do manually. After I consulted with many harmonic pattern traders, I developed the automatic scanning software, Harmonic Pattern Plus. You might use this software to go with this three entry trading strategy.

 

 

Video Tutorials for Harmonic Pattern Plus and Harmonic Pattern Scenario Planner

 

A Video Tutorial to presents new update for Harmonic Pattern Plus (version 2.8) and Harmonic Pattern Scenario Planner (version 3.2). Watch the video in High Definition Mode and Full Screen to see texts and patterns on charts. Just click the youtube link below:

 

 

 

More Information can be found here: http://harmonicpattern.ucoz.co.uk/

Edited by PriceActionTrader

Share this post


Link to post
Share on other sites

Drive Forex Metals Hot Forex +1.48%

Drive Forex Metals Hot Forex System by drivehf | Myfxbook

Yen Drive Real Fort FS +1.23%

Yen Drive Real Fort FS System by driveforex | Myfxbook

Drive Gold + Yen Drive + USD Drive +0.88%

Drive Gold + Yen Drive + USD Drive System by driveforex | Myfxbook

Drive Forex Marti +0.83%

Drive Forex Marti System by driveforex | Myfxbook

Drive Forex Metals Medium Risk +0.78%

Drive Forex Metals Medium Risk System by drivegold | Myfxbook

Forex Metals Drive 20k Consistent Profit Low Drawdown +0.37%

Forex Metals Drive 20k Consistent Profit Low Drawdown System by driveforex | Myfxbook

Drive Forex Metals High Risk +0.36%

Drive Forex Metals High Risk System by drivegold | Myfxbook

Drive Gold Real Money Profi Forex Account No. 3 +0.08%

Drive Gold Real Money Profi Forex Account No. 3 System by drivegold | Myfxbook

Drive Gold Special - Low Drawdown / Consistent Monthly Profit +0.07%

Drive Gold Special - Low Drawdown / Consistent Monthly Profit System by drivegold | Myfxbook

 

Visit: DriveExpertAdvisor

 

Happy Trading

Drive Expert Advisors

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • Latest Binary Options No Deposit Bonuses in 2020The possibility of trading without a deposit into your account is a rarity today. Binary options no deposit bonus brokers provide an opportunity of trading even without risking your own money, simply for free. This is a very interesting solution that allows to significantly expand the number of potential market participants. On our Website, we tried to build the Latest Binary Options No Deposit Bonuses in 2020 List! This sort of bonus is really awesome, beginners love to get it. This permits traders to utilize the live account trading with a good trading platform and the advantage is there is no risk.How to get the no deposit bonuses?Getting binary options no deposit bonus is very simple:Find out the broker who providing binary options no deposit bonusSign up a new accountVerify your account if required to get bonusThe broker will give you a welcome bonus (free real money without deposit)Generally, it process instantly but it can take a couple of hours. Anyhow, if you don’t get a bonus, you may contact the broker support. Binary options no deposit bonus brokers set its size preferably in the range from 10 to 50 dollars for free – this amount is sufficient for work with options for the first time. Please note that you can get these funds free only one time, so you should use them with extreme caution. All Binary options no deposit bonus brokers offer traders an excellent opportunity to assess the prospects of work on the market without investing their own funds. The practice of using these incentives is becoming increasingly popular, so our table is regularly updated with new companies with a free bonus. There are lots of similarities between the binary options demo trading and no deposit bonus. You have exactly the identical capability to encounter live market trading requirements in no risk, letting you develop your own trading techniques without risk and pressure.If you will choose one from our recommended brokers, you can start trading binary options without deposit using binary options no deposit bonuses: PocketOption Broker – USA, EU, and World Wide Customers Welcome – 50$ Real Money Binary Options No Deposit Bonus Binary.com – this broker do not accept USA & EU customers – 20$ Free Real Money Binary Options No Deposit Bonus CryptoBO Broker – 10,000 Satoshi Binary Options No Deposit Bonus (Bitcoin Deposit Accepted) Visit our dedicated website for More Binary Options No Deposit BonusesLatest Binary Options No Deposit Bonuses in 2020
    • GBPUSD Retreats Beneath The Level At 1.31 Amid Greenback’s Resilience GBPUSD Price Analysis – January 26 GBPUSD is trading beneath the 1.31 level after reaching a new high of 1.3172, as the dollar’s resilience did not allow the pair to gain momentum. The US dollar is gaining strength in all directions. Key Levels Resistance Levels: 1.3600, 1.3514, 1.3280 Support Levels: 1.3000, 1.2582, 1.1958 GBPUSD Long term Trend: Bullish GBPUSD recently recovered to the level of 1.3172 but has since lost momentum. This week’s initial bias is neutral. On the other hand, in the past, the level of 1.3172 may give way to the resistance level of 1.3280. A breakdown there may approach the test at 1.3514 level. On the other hand, beneath the level of 1.3050, repeated testing of the recovery part of the level of 1.1958 to 1.3514 at 1.2900 levels may occur. GBPUSD Short term Trend: Bullish Estimated intraday bias in GBPUSD may initially become neutral with a temporary top already structured at 1.3172 level. Further growth is moderately favored, while the immediate support level of 1.3050 remains unchanged. The Fx pair remains bullish, trading past the level of 1.3072, a critical barrier is found at levels of 1.3118 and 1.3172. Besides, the Fx pair remains bearish, trading past the 1.3050 level, critical support has been found at 1.3000 and 1.2970 level. Note: Learn2Trade.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results. Source: https://learn2.trade 
    • Bitcoin (BTC) Shows Strength, Sustains Hope On Uptrend Key Resistance Zones: $10,000, $11,000, $12,000 Key Support Zones: $7, 000, $6, 000, $5,000 BTC/USD Long-term Trend: Ranging After the rejection of  price at $9,200, the downward move was extended to a low of $8,250. Analysts were of the opinion that Bitcoin will bounce if price falls and tests the low of $8,250. From every indication, Bitcoin is making a solid upward move as the coin approaches the overhead resistance. Our bullish expectation is that the price will break the resistances of $8,800 and $9,200. Then the same momentum will be extended to the $10,000 price level. However, the bears may want to put up a fight to defend the $9,200 resistance. If the bears defend successfully, Bitcoin will be compelled to a sideways move. Daily Chart Indicators Reading: The 21-day SMA and the 50-day SMA are pointing northward indicating the upward move. The 21-day SMA acts as a support to Bitcoin. Meanwhile, MACD provides a buy signal for Bitcoin as the MACD line and the signal are above the zero lines. BTC/USD Medium-term Trend: Bullish On the 4-hour chart, the price breaks the support line of the horizontal channel. Later Bitcoin finds support at $8,250 low. The $8,250 low was well supported by the bulls as the coin makes a bullish move. The price is approaching the resistance at $8,800. If successful above $8,800, the price will rally above $9,200. 4-hour Chart Indicators Reading Bitcoin has risen to level 66 of the daily Relative Strength Index period 14. This signifies that the coin is in a bullish trend zone. However, if the RSI rises above level 70, Bitcoin will be said to have reached the overbought region of the market. Then we may experience a fall in BTC price. General Outlook for Bitcoin (BTC) The upward move in the last 24 hours is a positive development as Bitcoin bounces at a low of $8,250. All the indicators are in the positive direction of the coin. However, the RSI is level 68 indicating that the coin is approaching the overbought region. In other words, the upward move may soon be interrupted. After a retracement, the coin will resume its upward move. BTC Trade Signal Instrument: BTC/USD Order: Buy Entry price: $8,738 Stop: $8,500 Target: $9,200 Source: https://learn2.trade 
    • goodcalculators.com   Profit Calculator - Good Calculators   2 minutes 494668b4c0ef4d25bda4e75c27de2817trueBCSI-AC-c02582709689167bfalseBCSI-ACP-21ab91e8d10cf24cfalseBCSI-CS-5b04408683bfa51afalsePHPSESSIDA unique identifier used to preserve states across pages.false__cfduidUsed by the content network, Cloudflare, to identify trusted web traffic.false__utmtUsed to throttle the speed of requests to the server.false__utmt_eUsed to throttle the speed of requests to the server.false__utmt_fUsed to throttle the speed of requests to the server.falseactive_template::124911falsecookieconsent_dismissedUsed to track closure of a cookie consent dialog.falseezCMPCookieConsentUsed by the analytics and personalization company, Ezoic, to track when a user consents to cookies.falseez_pub_siteUsed by the analytics and personalization company, Ezoic, to only show the site with Ezoic's features enabled. falseez_rdrUsed by the analytics and personalization company, Ezoic, to track redirects.falseez_rdr_countUsed by the analytics and personalization company, Ezoic, to track redirectsfalseezovuuid_124911falseezovuuidtime_124911falsefreewheel-detected-bandwidthUsed to check and record how fast your internet connection isfalsesession_depthUsed to track the number of pages you visit in a session on this site.false
    • Every time you post anal. you will have my full support  Love your stuff man!!!! good forex profits everybody
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.