I have been trading harmonic patterns and find them really useful. However, the application wasn't as simple as ABC.
Harmonic are repeating patterns that you can find on your Forex charts. They repeat from the bigger time frames to the lower time frames, you can even find a smaller pattern existing on one of the legs of a pattern that you see on a higher time frame.
This reinforces one of the points that I always emphasize - know the trend and which part of the trend (relative to the time frame)
Stay tune. I would put up more details of harmonic trading.
Sunday, October 25, 2009
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