Harmonic Trading: Profiting from the Natural Order of the Financial Markets (Vol 1) by Scott Carney
Harmonic Trading is a new and exciting area of technical analysis that utilizes the powerful synergies of Fibonacci measurement techniques to quantify specific price patterns. Like a combination to a safe, these strategies unlock valid market signals in an unprecedented fashion. The book presented a number of unprecedented techniques. In Carney’s first book, he presented the following unique concepts:
- Defined the Potential Reversal Zone (PRZ).
- Distinguishing ALL points within 5-point price structures by examining each Fibonacci calculation to validate the proper alignment that for each harmonic pattern.
- Explained the importance of the Mid-Point (B) as the defining element of 5-point price structures.
- Defined the use of the alternate AB=CD pattern within harmonic patterns.
Scott Carney, President and Founder of HarmonicTrader.com, has delineated a system of price pattern recognition and Fibonacci measurement techniques that comprises the Harmonic Trading approach. Scott coined the phrase Harmonic Trading in the 1990s. He has been credited as a primary influence whom has popularized the use of Fibonacci ratios and their respective patterns over the past twenty years. Harmonic patterns such as the Bat pattern, the Gartley pattern, the 5-0, the Shark, the Crab pattern, and many other proprietary strategies are now widely embraced throughout the trading world.
Price INR 65