Trading the Harmonic

Patterns Effectively
PDF Version

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Please use ONLY risk capital. Using the right trading
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 Why Trade Chart Patterns?
 Chart Pattern Analysis is an important skill to acquire
especially if you want to be a serious and profitable
trader.

 While it may seem that other sexier Technical Tools

may be more effective, Chart Pattern Analysis remains
leaps and bounds ahead because it allows any serious
trader to be predictive and to anticipate rather than
react to market movement.

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 READ ME FIRST!
 Harmonic Patterns look intimidating. You might feel
overwhelmed. DON’T!

 This is a powerful approach and you have to learn to

trade Harmonic Patterns.

 We have simplified and created a Powerful Software

Recognition for Harmonic Patterns if you are serious.
So read on…

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 Why Trade Chart Patterns?

 Basically there are just 2 main types of patterns. We

can just safely classify them as Continuation pattern or
Reversal Pattern.

 In the history of market prices, it’s all about supply

versus demand and at times, the market may act with
an extreme sentiment and that’s usually down to
extreme Fear or greed.

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 Why Trade Chart Patterns?
Market movements have historically moved only in 3
patterns. Basically the market moves

 Up
 Down
 Sideways

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 Why Trade Chart Patterns?
 In those movement, we might see a trend,
consolidation and perhaps a re-trend or then reversal.

 This kind of movement is universal in ALL financial

instruments. In the sideway movements, Forex pairs
will experience a tighter range.

 And it is this ranging behavior we are able to observe

repeating chart patterns.

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 Why Trade Chart Patterns?
 There have been a lot written on the Harmonic Patterns
and the last thing I want to do is to go rambling on the
same thing that you can read elsewhere. So let’s not
waste anytime here…

 In the modern Harmonic Patterns, there is the same 5

point movement that makes the market more
predictive. This was the original pattern created by
H.M. Gartley.

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 Why Trade Chart Patterns?
 In later years, Larry Pesavento greatly improved the
Gartley Patterns by incorporating the ever green
Fibonacci ratios to the original Gartley Patterns.

 And then Scott Carney came along and adding more

variation to the already reliable Gartley Patterns and it
was when Crab, Bat, Shark, and 5-0, brought the entire
Harmonic Pattern to life.

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 Why Trade Chart Patterns?
 So what started as the Gartley Pattern evolved to what
we have today as the Harmonic Pattern with the
addition of Crab, Bat, Shark and 5-0.

 The main concept of Harmonic Patterns is the

relationship of time and price movements, which
shares the same concept as the Fibonacci Ratio. In
case you do not know, the Fibonacci Ratio is a
powerful theory that identifies key support and
resistance points in the market.

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 Why Trade Chart Patterns?
 While many Fibonacci Experts like to believe that the
Ratios work well in any market and any time frame, we
personally feel that it works best in higher timeframes.

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 Examples of Gartley Pattern
 To draw a Gartley Pattern, we will need Five Points.
While it may look complicated at first, it’s really
not…when you connect the 5 price points. These 5
price points are usually the pivot points or turning
points in the market.
 Examples of Gartley Pattern
 The Gartley Pattern should resemble either a “M” or
“W”. Usually the M will be the Bullish pattern and the W
will be the bearish chart pattern.

 X is the starting point moving to the high of A. Then the

retracement to B and another upward attempt to C
before another retracement to D. D is where the trigger
will be.

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 Examples of Gartley Pattern
 An ideal Gartley Pattern should have 5 key pivot points
that should include 2 retracement and 2 rebound
swings that “coincidentally” coincides with Fibonacci
Ratios. The center of the Gartley Pattern is B and the
trigger point to buy or sell is D.
Other Variations of Harmonic Patterns
 There are numerous variations of the Harmonic
Patterns.

 This is where you might become overwhelmed and

confused.

 Next page are the different variations…

 It’s ok… we have a simple shortcut.

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Other Variations of the Harmonic
Patterns…
Trading the Harmonic Pattern Effectively

 To trade Harmonic Patterns Effectively, you just must

know that the Trigger Point is Point D.

 Of course, you MUST learn how to recognize the

Harmonic Patterns when they form.

 This will take some practice if you are not familiar.

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Trading the Harmonic Pattern Effectively
 Fortunately, we have created a scanner that recognize
the Patterns for you.
Click here to learn More…

 Works in All Time Frames and All Forex Pairs as long

as it’s available on MT4.

 However, Patterns are much more reliable in Higher

Timeframes like H1 and Above.
Preferably H4 and above.

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 Effective Harmonic Trading
 Once you have recognized a Harmonic Pattern, then
using Fibonacci Retracement (comes Free with your
MT4) draw the High and Low on the chart.

 Either you can manually scan for the Harmonic

Patterns in the market or in this example, we used our
Harmonic Scanner to identify a nice trade…

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Bearish Trade Example in USDJPY H4
Bearish Trade Example in USDJPY H4

 We sell at POINT D.
 TP Target 1 at 38.2%
TP Target 2 at 23.6%

 Stop Loss at 61.8%

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Bullish Trade Example in USDCAD H4
Bullish Trade Example in USDCAD H4

 We Buy at POINT D.
 TP Target 1 at 23.6%
TP Target 2 at 38.2%

 Stop Loss at 0.00%

Bearish Trade Example in EURUSD H1
Bearish Trade Example in EURUSD H1

 We Sell at POINT D.
 TP Target 1 at 23.6%
TP Target 2 at 38.2%

 Stop Loss at 10 pips above 0.00%

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Easy Trading with Harmonic Patterns
 As you can see, it’s EASY trading with Harmonic
Patterns.

 The BIGGEST Challenge with Harmonic Trading is to

recognize the patterns manually.

 It’s difficult and it’s time consuming.

 With this POWERFUL Harmonic Pattern recognition
scanner to help us scan the market, trading Harmonic
Pattern became 10X easier.Click here to learn
more…
Easy Trading with Harmonic Patterns
 If you want to do it manually, it’s all cool. You might still
do well.

 We strongly suggest that you get this tool because it

will save you the time and one good trade will pay itself
off. Click here to learn more…

 If you already bought the tool, thank you so much. If

you have not, then delay no more…

 See you on the inside…

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Trading the Harmonic
Patterns Effectively
PDF Version

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