The Definitive Introduction to Harmonic Trading-By the Originator of This Approach, Scott Carney!

Harmonic Trading creator Scott Carney unveils the entire methodology to turn patterns into profits. These strategies consistently identify the price levels and market turning points that reveal the natural order within the chaos of the financial markets. Analogous to the predictable behavior of many of life's natural processes, Harmonic Trading examines similar relationships within the financial markets to define profitable opportunities in an unprecedented manner. Carney introduces new discoveries such as the Bat pattern, Alternate AB=CD structures, the 0.886 retracement, and more. These strategies are entirely new to the trading community, and they represent a profound advancement beyond all other Fibonacci methodologies!

After you've discovered how to identify harmonic patterns, Carney presents a complete methodology for applying them in trade execution and handling them throughout the entire trade management process. From savage bear to rampaging bull, Harmonic Trading can be employed in all markets-equities, currencies, commodities, and foreign markets-for both short- and long-term timeframes.

Autorentext

Scott Carney, President and Founder of HarmonicTrader.com, has defined a system of price pattern recognition and Fibonacci measurement techniques that comprise the Harmonic Trading approach. He has named and defined harmonic patterns such as the Bat pattern, the ideal Gartley pattern, and the Crab pattern. He is the author of three books: The Harmonic Trader (1999), Harmonic Trading of the Financial Markets: Volume One (2004), and Harmonic Trading of the Financial Markets: Volume Two (2007). In 2005, Carney joined A.I.G. Financial Advisors as a Registered Investment Advisor. He has since left A.I.G. Financial Advisors after two years to start his own firm. In addition, Carney is a full member of the Market Technicians Association (www.mta.org) and the American Association of Professional Technical Analysts (www.aapta.us). He has been a regular columnist on several well-known websites, such as StockCharts.com, TradingMarkets.com, and eSignal.com. Carney is a featured guest on CNNfn, and he presents seminars nationally.

Inhalt

Introduction 1

Chapter 1 Harmonic Trading 7

Chapter 2 Fibonacci Numbers 11

Chapter 3 Pattern Identification 35

Chapter 4 The AB=CD Pattern 41

Chapter 5 The Bat Pattern 71

Chapter 6 The Gartley Pattern 97

Chapter 7 The Crab Pattern 121

Chapter 8 The Ideal Butterfly Pattern 149

Chapter 9 Trade Execution 171

Chapter 10 Price Action in the Potential Reversal Zone (PRZ) 185

Chapter 11 The Harmonic Trade Management System 203

Chapter 12 Pattern Violations 233

Conclusion 251

Bibliography 253

Index 255