Description
Book SynopsisScott 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 eSigna
Trade Review
"To be useful, a trading methodology must be understood. Simplicity is a bonus. Harmonic Trading: Profiting from the Natural Order of the Financial Markets, Vol. 1 by Scott M. Carney succeeds on both counts. This first volume of a promising series on harmonic trading will benefit traders seeking to improve their models." --George A. Schade Jr., CMT, Stock Futures and Options, January 2011.
Table of Contents
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
