PZ Harmonic Trading indicator

The PZ Harmonic Trading indicator has been crafted for educated harmonic traders who are looking for a top-notch indicator, and are tired of useless “fancy triangles” indicators. 

A brief introduction :

Harmonic Trading is a methodology that utilizes the recognition of specific price patterns and the alignment of exact Fibonacci ratios to determine highly probable reversal points in the financial markets. This methodology assumes that trading patterns or cycles, like many patterns and cycles in life, repeat themselves. The key is to identify these patterns, and to enter or to exit a position based upon a high degree of probability that the same historic price action will occur. Although these patterns are not 100% accurate, these situations have been historically proven. If these set-ups are identified correctly, it is possible to identify significant opportunities with a very limited risk.

Trade Execution

Once a pattern is detected, the following steps have to be taken, which can lead to take or discard the trade. Bear in mind that a pattern is not valid by itself and it can expand as long as it likes. Your job has an harmonic trader is to assess the validity of the pattern and the potential reversal zone before entering the market.

1. Pattern Recognition

2. Find the Potential Reversal Zone (PRZ)

3. Wait until the PRZ is rejected by the market

The PRZ can be tested and rejected by one single Terminal Price Bar, or the market can reverse and breakout the PRZ without testing all the fibonacci projections. In any case, the market has to move before you take the trade. You are a follower, not a predictor.

4. Enter the market setting the proper stop-loss

5. Position Management

It is recommended to reap partial profits as soon as possible to lock into a free ride. Scott M. Carney proposes a very interesting position management system based on a 0.382 Trailing Stop, measured from the reversal point to the reversal extreme.

BONUS:Search Patterns v6 indicator

Search_patterns_v6 is a mt4 (MetaTrader 4) indicator and it can be used with any forex trading systems / strategies for additional confirmation of trading entries or exits.

An indicator for Harmonic traders.
Draws automated Harmonic Patterns.

Delivery to your PayPal email address within 24 Hours of payment confirmation.

Completing units:

PZ Harmonic Trading indicator 

BONUS'Search Patterns v6 indicator' 

Market Sales Price: $399,but we sell lot more lower than that to share the opportunity with you!

Serving Professional Traders Since 2008

Once purchased I will email you the files within 20 minutes and not more than 48 hours to your email, if there a delay, please be patience receiving your files