Session I: Harmonic Trading Introduction
Session I introduces the basic concepts any trader must understand to grasp the harmonic measurement framework that unlock powerful levels of support and resistance and define the “natural cyclical limit” of any price move. The need to measure market movements, develop a trading plan based upon this analysis and apply the harmonic pattern framework to facilitate decisions are essential objectives to instill the professional skill set presented in the Level I curriculum.
It is recommended that all traders study these lessons and follow real-time market situations to gain initial experience. Before taking real trades, it is important to monitor a few positions presented in the LIVE Harmonic Trading sessions and get familiar with the overall behavior of patterns relative to your current market approach. These presentations focus on the critical application of measurement strategies to define profitable situations from a harmonic perspective but can be integrative as a means of confirming what other strategies might be indicating.
Part 1: What is Harmonic Trading? In this webinar, Scott will explain the essential measurement principles of Harmonic Trading. He will present the primary foundation of the approach to explain why Harmonic Trading measurement strategies work in the financial markets! This introduction is an essential beginning to advance your Harmonic Trading. The insights and information shared in this presentation establish the proper mental perspective to apply a measured framework to identify real trade opportunities.
Additional Resources:
Webinars
Harmonic Trader Introduction
Scott Carney Interview: “Realities of Harmonic Trading”
Part 2: Harmonic Trading Ratios – In this presentation, the entire harmonic ratio framework is outlined. Also, the key strategies to integrate these measures and the focus on the harmonic levels as the primary analytical basis for all decisions creates a
Additional Resources:
Webinars
Harmonic Trader Introduction
Scott Carney Interview: “Realities of Harmonic Trading”
Part 3: AB=CD Patterns – There is no more common yet misunderstood pattern than the AB=CD. Scott will provide a thorough explanation of the AB=CD pattern and why it works. The AB=CD Pattern is the primary structure within the Harmonic Trading Trade approach. Although this structure has been analyzed in previous efforts, Scott is most responsible for advancing its application in his 1998 book “The Harmonic Trader,” and even at greater length in his 2004 book, “Harmonic Trading of the Financial Markets: Volume One.” Strategies such as the AB=CD Pattern Reciprocal Ratios, the Perfect AB=CD and the Alternate AB=CD variations are a few of the unprecedented strategies that Scott outlines in this presentation.
Additional Resources:
Webinars
Harmonic Trader Introduction
Scott Carney Interview: “Realities of Harmonic Trading”