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

Published by FT Press (April 12, 2010) © 2010

  • Scott M. Carney
$47.99

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If you're looking for a powerful, proven approach to technical analysis that can demonstrate proven effectiveness, you're looking for Harmonic Trading. Now, the creator of this remarkable approach has written the definitive introduction to using it in your own trades. Scott Carney, President and Founder of HarmonicTrader.com, shows how harmonic trading combines Fibonacci measurement strategies with advanced pattern recognition analysis, unlocking valid market signals as if they were the combination to a safe. Carney presents natural harmonic patterns that consistently identify critical price levels and market turning points: patterns analogous to the predictable behavior of natural systems. Next, he presents a comprehensive plan for applying Harmonic Trading in real trades. You'll find examples from U.S. equities, currencies, commodities and foreign markets; for both short- and long-term timeframes; and in all markets, including 2008's extraordinarily bearish environment. Harmonic Trading has rapidly grown in recent years, and is now widely recognized as a premiere technical analysis discipline. This book presents the state-of-the-art - including strategies and techniques that will be completely new to most traders and investors. Carney guides traders gently up the learning curve, sharing personal experiences and presenting over 100 pages of clear illustrations. The result is a book that makes Harmonic Trading techniques more widely accessible than ever before.

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

  • The definitive guide to the fast-growing trading discipline of Harmonic Trading, authored by its creator, Scott Carney.
  • Combines powerful Fibonacci measurement and pattern recognition techniques to unlock profit opportunities you can't uncover any other way.
  • Includes 100+ pages of charts and illustrations that demonstrate Harmonic Trading in a wide spectrum of markets.

    • 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

    Scott 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 eSignal.com. Carney is a featured guest on CNNfn, and he presents seminars nationally.

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