Harmonic Trading: Volume One

This book was written by Scott Carney, President and founder of harmonictrader.com have 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. In 2005 Carney joined AIG 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 know websites such as stockcharts.com, tradingmarkets.com, and signal.com. Carney is a featured guest on CNNfn and he presents seminars nationally.

Unlike traditional technical analysis patterns e.g head & shoulders, double top & bottoms e.t.c harmonic trading aims to measure precise harmonic ratios: 1.618, 0.618 with every other ratio derived from the primary ratios.

new image.jpg

Harmonic Patterns are determined from these precise harmonic ratios.

Among all the books on trading psychology, Scott Carney has good advice to improve the mental aspect of trading:

Keep it simple: This is the most popular advice around the web mentioned by publishers such as Al Brooks, Lens Berg and a lot of professional traders.

Stick to a winning plan:  This may be difficult for novice traders because there is no signs proving profitability for a particular strategy, another confusion is that even the best strategies have losing positions.

I hope you will find value in this book, please leave us a comment below to let us know what you think.

[sociallocker] Download eBook [/sociallocker]


Our community works well with Instaforex. Are you looking for a demo or real account? We recommend Instaforex. Currently, they offer up to $1000 no deposit bonus; That’s right! You can trade real funds without depositing them, see the definition below;


Insta no deposit Bonus


  1. I was suggested this blog by means of my cousin. I’m not positive whether or not this put up is written by means of him as no one else recognise such targeted about my problem. You’re incredible! Thank you!


This site uses Akismet to reduce spam. Learn how your comment data is processed.