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

by Carney, Scott M.

• ISBN13: 9780137051519
• ISBN10: 0137051514
• Edition: 1st
• Format: Paperback
• Copyright: 2010-05-07
• Publisher: FT Press

Summary

The MOST ADVANCED Harmonic Trading Techniques Ever Published--by Their CREATOR, Scott Carney! "Perhaps the greatest shortcoming of the field of Technical Analysis is the high degree of subjectivity in price pattern interpretation. InHarmonic Trading: Volume 2, highly respected technical analyst Scott Carney reduces subjectivity to a minimum with his Fibonacci-based price measurement techniques and traditional technical analysis methods. Precise price-pattern examples presented in the book enable the novice as well as the advanced trader to incorporate the Harmonic Trading methodology into a workable and profitable trading system.Harmonic Trading: Volume 2will undoubtedly prove to be a vital part of any technical traderrs"s toolkit." --TRACY L. KNUDSEN,CMT, Senior Market Analyst, Lowry Research Corp. "I have devoted my life to the study and development of Harmonic Technical Analysis. There are only a few names in this field whose contributions I find truly inspiring. Scottrs"s work is at the top of that ls"short list,rs" andHarmonic Trading: Volume 2is, in my opinion, the pinnacle of his achievements. It redefines the concept of a ls"must read.rs"" --JIM KANE,Founder of Kane Trading and author of nine trading books, includingMedian Line and Fibonacci Synergy "It is rare that one finds an author who has so carefully compiled his research and even more carefully presented his findings as Scott Carney has inHarmonic Trading: Volume 2. Scott presents price-pattern examples and explanations of patterns in such a way that investors, no matter what their level of experience, will find the work of great value in expanding their understanding of the way markets move and how to trade them. Scottrs"s work should definitely be a prominent part of every investorrs"s library." --PETER B. MAUTHE,President, Rhoads Lucca Capital Management, Inc. "This book gave me two new tools to start experimenting with: the 1.13 at market extremes and the RSI BAMM." --VERONIQUE LASHINSKI,CMT, Board Member of the International Federation of Technical Analysts (IFTA) and former Vice President of the American Association of Professional Technical Analysts (AAPTA) Now, inHarmonic Trading: Volume 2, Carney takes a quantum leap forward, introducing new strategies, patterns, and methods that make Harmonic Trading an even more powerful tool for trading the financial markets. For the first time, he reveals how to utilize harmonic impulse waves and introduces measurement techniques that identify market turning points even more accurately. Finally, he demonstrates how to integrate the Relative Strength Indicator (RSI) with advanced Harmonic Trading techniques to separate minor "reactive" moves from major opportunities.

Author Biography

Scott M. Carney is President and Founder of Harmonic Trader.com and author of Harmonic Trading: Volume 1. He personally defined the Harmonic Trading system of price pattern recognition and Fibonacci measurement techniques and identified many of its key patterns, including Bat, ideal Gartley, and Crab. Carney has been a regular columnist for StockCharts.com and eSignal.com and has been featured on CNN. He is a full member of the Market Technicians Association (www.mta.org) and American Association of Professional Technical Analysts (www.aapta.us).

Table of Contents

Introduction     1

Chapter 1 Contemporary Market Case Studies from a Harmonic Trading Perspective     11

Chapter 2 Harmonic Impulse Waves     55

Chapter 3 New Harmonic Patterns     73

Chapter 4 Harmonic Patterns Relative to the Trend     111

Chapter 5 BAMM Theory     141

Chapter 6 RSI BAMM     161

Conclusion     271

Bibliography     273

Index     275