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Harmonic Trading 107 (The Crab Pattern )
Posted 12-21-2010 at 02:33 PM by larryfolson
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Updated 12-21-2010 at 02:46 PM by larryfolson
Updated 12-21-2010 at 02:46 PM by larryfolson
As we begin to learn about The Crab Pattern,
I would like to say that it is not easy. And will take some time to fully comprehend the various Fibonacci rations that makes up each Harmonic pattern.*
If you are an average Joe trader such as myself. I suggest that you find a good Harmonics indicator to help with identifying these patterns in the live market. (And connect with more experienced Harmonic traders to help you on your journey.)*
Never trade with out a stop and use good money management.
So Lets Get Started!!!!**
The Crab pattern was discovered by*Scott Carney*in 2000.
This pattern is considered to be one of the most precise of all the Harmonic patterns.
This pattern has a 1.618 XA leg And has an extreme B.C Leg projection of 2.24, 2.618, 3.14, or 3.618 This pattern tends to display rapid price action reversals.
D. is the Bread and Butter point and projection level with the greatest profit potential if the pattern holds true.* Especially when found at significant tops (Highs) and Bottoms (Lows).
Reference sources used
TradingArsenal.com
HarmonicTrader.com - Harmonic Price Patterns
TradingArsenal.com
HarmonicTrader.com - Harmonic Price Patterns
I would like to say that it is not easy. And will take some time to fully comprehend the various Fibonacci rations that makes up each Harmonic pattern.*
If you are an average Joe trader such as myself. I suggest that you find a good Harmonics indicator to help with identifying these patterns in the live market. (And connect with more experienced Harmonic traders to help you on your journey.)*
Never trade with out a stop and use good money management.
So Lets Get Started!!!!**
The Crab pattern was discovered by*Scott Carney*in 2000.
This pattern is considered to be one of the most precise of all the Harmonic patterns.
This pattern has a 1.618 XA leg And has an extreme B.C Leg projection of 2.24, 2.618, 3.14, or 3.618 This pattern tends to display rapid price action reversals.
D. is the Bread and Butter point and projection level with the greatest profit potential if the pattern holds true.* Especially when found at significant tops (Highs) and Bottoms (Lows).
Reference sources used
TradingArsenal.com
HarmonicTrader.com - Harmonic Price Patterns
TradingArsenal.com
HarmonicTrader.com - Harmonic Price Patterns
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Hi Larry,
I am observing entries to TradingArsenal.com from your articles. I came to visit and see that you seems to be a long term user of korHarmonics indicator.
I would gladly get your comments on the indi, suggestions for improvements.
Also, you may be interested to visit and become a Contributor to Harmonics Tube:
Harmonics Tube
Check also this: Harmonic Trading - Trade Gartley Pattern
On the Arsenal Forum you may want to learn about AMP indicator. This is going to be a killer for harmonic and market geometry traders. Well, lets see many very good guys participates.
Cheers,
kor4xPosted 01-28-2011 at 07:38 AM by kor4x
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kor4x
Thank you for contacting me, I'm truly great full for your program, it is a tremendous help to me.
Your program has helped me become a winning trader.
And thanks for the link. I will defiantly learn about the Amp indicator.
Again, truly grateful and you can count on me to do what ever I can to assist you.
In the love of Christ, Larry.Posted 01-28-2011 at 07:52 AM by larryfolson
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