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Harmonic Trading: Advanced Strategies for Profiting from the Natural Order of the Financial Markets, Volume 2, 1st edition

Published by FT Press (May 7, 2010) © 2010

  • Scott M. Carney

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Harmonic Trading is today's most powerful, well-proven new approach to technical analysis. Now, in the second volume of an indispensable two volume set, Harmonic Trading creator Scott Carney presents even more new and advanced techniques for unlocking valid market signals as if they were the combination to a safe. Harmonic Trading of the Financial Markets, Volume 2 begins with a brand-new review of today's markets from a harmonic trading perspective. Next, it introduces a series of new and advanced concepts presented in no other book, including the 5-0 pattern and Alternate Bat pattern. Carney also introduces the RSI BAMM Advanced Execution Model, a breakthrough approach to applying Harmonic Trading in real trades. The natural harmonic patterns in this book are designed to consistently identify critical price levels and market turning points: patterns analogous to the predictable behavior of natural systems. Carney supports them with examples from widely diverse markets, including 2008's extraordinarily bearish environment. As in Volume 1, Carney guides traders gently up the learning curve, sharing personal experiences and presenting many clear illustrations. These books don't just introduce valuable new technical analysis techniques: they provide the tools and help traders need to succeed with them.

Presents advanced harmonic patterns that identify stock market turning points: patterns analogous to the behavior of natural systems.  

  • Indispensable advanced techniques for profiting from Harmonic Trading, presented by their creator, Scott Carney.
  • Introduces new strategies and concepts such as 5-0 and Alternate Bat patterns and the RSI BAMM advanced execution model and shows how to use them to unlock new profit opportunities.
  • Includes charts and illustrations demonstrating these techniques in diverse markets.
  • Introduction
  • Chapter 1 Contemporary Market Case Studies from a Harmonic Trading Perspective
  • Chapter 2 Harmonic Impulse Waves
  • Chapter 3 New Harmonic Patterns
  • Chapter 4 Harmonic Patterns Relative to the Trend
  • Chapter 5 BAMM Theory
  • Chapter 6 RSI BAMM
  • Conclusion
  • Bibliography
  • Index 

Scott M. Carney is President and Founder of HarmonicTrader.com, and the originator of the Harmonic Trading approach. He personally defined this unprecedented methodology that employs a unique system of price pattern recognition and Fibonacci measurement techniques to define opportunities in the financial markets. Among his many discoveries, Scott has defined most of the harmonic patterns, including the Bat, the ideal Gartley, and the Crab. He has been recognized for other contributions to Technical Analysis, including the concept of the Potential Reversal Zone (PRZ), the 0.886 retracement, and the 38.2% trailer. Carney has been a columnist for StockCharts.com, TradingMarkets.com, and eSignal.com, and he has been featured on CNN. He is a full member of the Market Technicians Association (www.mta.org) and the American Association of Professional Technical Analysts (www.aapta.us).

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