Importance Of Harmonic Trading Course

Posted by Traders Gurukul on May 22nd, 2021

People who are interested in the stock and share market are always looking for newer and better ways to analyze the price patterns so that they can become one of the very few profitable traders.

The harmonic trading patterns were first introduced to the trading world by Harold McKinley Gartley in 1932. Gartley also created a pattern which he named after himself and he outlined this in his 1935 book which was named Profits in the Stock Market.

Harmonic Trading is one non-indicator method which is used to trade profitably in the market. This method uses what is called the "harmonic patterns" which are a combination of the price patterns and the Fibonacci ratios to identify the reversal, entry, and also the exit points in the market. These harmonic patterns contain specific stop loss points and exit points.  Harmonic trading can also be used on any timeframe, that is whether you prefer to trade intraday, daily, weekly, or on any other time frame you prefer. Due to the fractal nature of the market, anything which works on one time frame will also work on any of the other time frames as well. Many people like to trade on quite longer timeframes, however, doing this requires less leverage and also does not require constant monitoring of the market throughout the day.

Historically harmonic trading is considered to have a very high chance of price going in the predicted direction. Harmonic trading is often known for its magic bullet trading system which is based on its geometrical approach. This type of trading is also quite accessible by all types of traders. Harmonic signals which were discovered many years ago have been under constant development. This has of course led to various modifications but the most experienced traders love its authenticity

Why are these patterns important?

The main purpose of harmonic patterns is to predict the price movements. By finding these patterns for different magnitudes and lengths and by applying the Fibonacci coefficients to them, most of the day traders can try to guess the future movement of financial instruments such as stocks, options, and others. Harmonic patterns are also the key in identifying reversals. These patterns are a very precise instrument, which characterise specific price movements.

Cautilya Capital I3T3 program is providing a harmonic trading course. Here we have focused on the many important aspects of harmonics. In the course offered one can learn to spot the harmonic patterns before they complete, this is something that most traders find it difficult so more often they start buying predictive software. This is not advised though, knowledge is the ultimate power in the end. In this harmonic trading course we surely will help you to achieve the skills you require to see your own patterns and to execute trades.

The course offered by Cautilya Capital I3T3 program is aimed at people who would like to start and want to get a complete training and also for the most experienced traders who would like to improve their trading results and for gaining profits.

Like it? Share it!

Traders Gurukul

About the Author

Traders Gurukul
Joined: July 9th, 2020
Articles Posted: 154

More by this author