Notice how today, End of Month $SPY closes exactly at the 127%XA drawn on the monthly chart.....

;-)

another weekly close at the 127%XA ? 75min to go.

http://screencast.com/t/mo9PGpuzcnp

head and shoulders between the Monthly D and 127%XA targets

on 30min chart two bars with close and open to the penny on the 113%BC of the latest AB=CD pattern, again right at the Monthly D.

probably my last chart of the year..... and what a year it was. Although these targets were on the chart for over a year, I didn't expect it would get there this year. Just shows you again that hunges/emotions/personal biases should be set aside.

trade what your indicators tell you, and use it with a well thought out trading plan. stick to your rules.

Have a gr8 one!

wow what a chart.  No comment necessary.

Hope it was helpfull.

Have a great New Year!!!

proof again, that there is a high probability of a counter reaction at a PRZ:

SPY 185.32 : 261.8%BC on Monthly, now back down to the "D" level.

$AAPL daily top PRZ at 575.86. nice reversal. Bullish PRZ now at 514.94 - 517.45 , needs to get over that first.

Today, EOM can turn out to be an important day; Can SPY/SPX hold on to the "D" level, or will it close below ?!?!!???

Friday closed right at the "D" level.

Today an "entry" for CD leg down, just about at the same level.

Watching if it can reach the PRZ of this AB=CD at around 172

completion of this CD leg down into a PRZ would be inline with the range of the largest pullback we've seen in '13 :

oh and then there is the 200DMA as wel, I believe. Quite often they fall inline with harmonics as well, surprise, surprise.

Hi Bruce, 

Just a quick quesion. Is there anything in the works to allow users to create their own custom time frame charts. I want to upgrade to platinum, but the fact that the softward doesn't have this feature is holding me back from doing so. Also, another suggestion that might be nice is to allow the user to rotate the fib retracement and projection tool between y and x axis to do some time projection analysis.

Regards 

Finally DIA reached the Monthly PRZ.

I'd want to say that I've recently been introduced to Harmonic trading. I have the three Carney books and have tried to learn what they offer. I have wasted, I believe, much time and money studying so many indicators that are lagging. I've felt that understanding supply and demand zone is forward predicting and more recently that these Harmonic patterns are enhancer to validate these zones.

My frustration is searching for candidates and seeing from the theads that is a problem shared by others.   I have a thought regarding this. I have seen and appreciate the hard work done in creating a program to find these candidates. I have not tried them as, frankly, I'm not sure how to. But if they are not providing the desired results, might the alternative be to use some existing or easily created EasyScan to find a basket of possible candidates? From those it would require the skill of observation to recognize further candidates. What I'm thinking is price relation to a moving average perhaps. If we could at least identify the X's, that would be a start. That might just be searching for candle types or Bollinger Band pierces.

I have more thoughts but the website is being very difficult to leave a message. Please continue the discussion and charts.

thx for the input sbukosky.

this is pthegreat, I changed my handle to gr8trades.

I started out as well with studying dozens of indicators and trying them out, sometimes they worked, sometimes they didn't. I never felt that I had an edge.

I can't share anymore SF code that what I have posted here on the forums. I doubt that anything similar can be created in Telechart. I don't use it. 

If you haven't, you might want to check davidjohnhall's post on "dragon patterns" : http://forums.worden.com/default.aspx?g=posts&t=26559 for which he created a TC layout, if I'm not mistaken.  I find his patterns to be quite "harmonious" , they both consist of "double bottom"  (legs) where the second low is higher then the first, then a quick momentum up move (neck), then a consolidation triangle/flag (head), followed by another quick reaction move. 

below a quick example of a recent GOOG intraday chart

So maybe you can use his TC layout, and add the fibs with the fib tool manually.

Interesting thread on the dragon heads. I'm in a trade in NQ right now that is running up a channel or head. Also got a weekly email from an outfit. One of the charts had an AB=CD pattern jumping out at me. Also found a nice setup last night doing an EasyScan for something else. It seems that with practice the eye is drawn to them. 

had to post this beautifull TESLA intraday chart.

Besides being a perfect example of an harmonic pattern. I'm sure it fits within the dragon pattern.

a two headed dragon    :-)

several 100% on different strikes weekly options 

wow what a beast Tesla ran out of targets on 15min chart quickly yesterday.

But as mendelbroth explained with his fractals, patterns repeat themselves on everytimeframe.

there you go 15min next to 60min pattern :

currently in PRZ on 60min. 

every pullback on the 15min pattern to 60min fib lines created new long opportunities:

and subsequently TSLA hit the 161.8%XA on the 60min chart exactly on Monday, and over 15points down in 2 days, since then.

wow perfect, perfect, perfect chart!

It seems longer than a month but the ride in learning about harmonic patterns has taken me to some places that I would not have imagined. I never would have thought, and I may be giving out a secret here or opening myself to criticism that Edward Gann apparently realized that he should avoid, that I'd be exploring the controversial "Biblical Money Code" and finding it to be a harmonic pattern. Further, and I've only scratched the surface of it, that of all things, astrology comes into play. Fibonacci ratios are also a big, make that a huge part of it. So while ol' Leonardo may be credited with discovering "Fibs" the Bible was talking about the ratios long before he was born, not in words, but in "gematria".

For anyone interested about this, I recommend the book "The Law Of Vibration - The Revelation of Edward D. Gann" written by Tony Plummer. I bought the Kindle version on Amazon. I have also read two books by Larry Pasavento. I see that he has a book to be published this fall but the two I read are apparently out of print and from 20 years ago or so.

While I don't think it is necessary to go this deep into harmonic trading,I liken it to understanding the mechanics and history of a car rather than just operating it

Thanks for the recommendations. I have had the Pasavento books on my list for a while, but never got to it. Will definitely order and make some time to read again.

update on the SPY long term pattern:

minor 150%XA FIB resistance for the past weeks, and 138.2% support:

SPY 150% at 201.675.  Today's High : 201.68

Let's see if it can push through, or not,  for the 161.8% target

follow up chart.

SPY 150% indeed resistance.

4hr chart XABCD pattern with "D" target PRZ starting at 193.8.  exactly inline with the monthly 141.4% . Let's see if we get there.

perfect. 

LOD 193.91. followed by Bullish XABCD entry on 2min chart :

194.9 target of the 2min AB=CD ;  just about to the penny.   :-)

21k views! barely anyone here on worden forums with any feedback, ideas, suggestions, comments, stock picks... etc... etc...

All serious market/stock talk here, has slowly died off with discontinuation of SF. IMO.

whoops charts removed cause of trademark. will post again without the indicator :

4hr chart :

2min chart:

confluence of PRZ's on various timeframes. has to hold otherwise watching XA retracements on 4hr chart:

If you took the signal, you could have made some 3 points on the SPY or well over 200% on weekly calls.

PRZ reversal was confirmed on small timeframe 3min chart with an entry 12:45 yesterday.

have a nice weekend.

To the penny! SPY 161.8%XA on 3min chart. took 1/2 profits on SPY calls exactly at that high, with a trailing stop on rest.

Why use stochastics/MACD/MA's ?! they don't work!  

What period setting do you use ? 10, 12. 14, 20?  sometimes it works, most of the time they don't.

Just when you find a time period that seems to bring some results, volatility changes, and your conditions won't work anymore. Very frustarting, been down that road.

Only oscillators that combine volume with price action have some value.

All my opinion of course.

I don't get here enough but appreciate  the charts being posted. Just have so much other material to watch and things to do. I may have said this before, but noticed that Forex people seem to embrace harmonics, so i've been watching many videos there, even though I don't trade Forex.

Now I know why I don't come here much. The site suddenly makes typinga message very dificult. I don't have this prblem anywhere elsewheres. I guess I was hoping that they would fix it. Very frustrating. I've had to redo this pragraph many times.

first bounce of the Monthly 138.2% support, mentioned earlier.

inline with 127%XA on 3min chart :

200DMA right below it.

still don't believe me,, .. LOL

harmonics versus MA's:

SPY failed the 200DMA, just to touch the 161.8%BC and 113%XA :

and the 5min chart, also down target in same area.

bounced of in a new AB=CD up leg perfect to the 200%BC

Pretty much to the penny:

161.8%XA on daily

wow wow wow wow wow wow wow wow.

Now that's a chart to put on your wall !!!

wild couple of weeks huh ?!!

harmonics kept me in the game.

SPY back at the 150% on the long-term chart

60min chart seems releveant here, if it can break the highs.

Last day of the month and ....  SPY closing to the penny on the 150%XA on monthly chart!

Spooky....

So what's the opinion? will we reach the 161.8%XA on SPY monthly chart by year end?

Remember 2013 ended right at the 261.8%BC

Got a coin?

Just noticed, haven't posted this chart since July '13.

here we go, countdown is on.   :-)

little less then 10points to go....

see you in December.

by the way.

Notice how that 150%XA has been at the middle of the range this week: