Harmonic trading

[Eggo]

I tried a lot of systems and strategies, finally found harmonic trading. It fits into my temper and I like

it. I want to improve harmonic trading. Firstly, there are 3 main levels, which market reaches: 38.2, 61.8

and 127.2 Fibonacci. And I want some suggestions how to filter, if it is going to be counter trend or

trend reversal. If it will be counter trend, then my TP1 would be 38.2 and TP2-61.8. If trend reversal

TP1-61.8, TP2-127.2. Any opinions or ideas?

[serioustrader52]

i'm not sure how the fib points how to filter getting into patterns but i wouldn't recommend using them for targets. i use a 65% struture rating on fxgroundworks to view the patterns and an 85% to consider a trade and find it works well

[PipWright]

Youtube search "trading forex harmonics" or "how to trade garltly forex"

There should be plenty of material in the results to get you down the rabbit hole you prefer.

[jamessheppard]

I tried a lot of systems and strategies, finally found harmonic trading. It fits into my temper and I like

it. I want to improve harmonic trading. Firstly, there are 3 main levels, which market reaches: 38.2, 61.8

and 127.2 Fibonacci. And I want some suggestions how to filter, if it is going to be counter trend or

trend reversal. If it will be counter trend, then my TP1 would be 38.2 and TP2-61.8. If trend reversal

TP1-61.8, TP2-127.2. Any opinions or ideas?

Fib lines should only be used as a guide. The most recent support/resistence area (in other words swing high/low) should be the most important factor when setting profit targets.

[slainye]

Quick question- are there any places that offer decent Harmonic trading courses? Can anyone teach it, or is it copyrighted?

Any constructive advice will be welcomed!

[VVizlan]

30 Pips A day Keeps the your money at bay

Also, check out Welcome to Harmonic Trader - The Official Harmonic Trading Website