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[Oluti]

As you may have guessed, profiting off Harmonic Price Patterns is all about being able to spot those “perfect” patterns and buying or selling on their completion.

There are three basic steps in spotting Harmonic Price Patterns:

Step 1: Locate a potential Harmonic Price Pattern
Step 2: Measure the potential Harmonic Price Pattern
Step 3: Buy or sell on the completion of the Harmonic Price Pattern

By following these three basic steps, you can find high probability setups that will help you grab those oh-so-lovely pips.

Let’s see this process in action!

Step 1: Locate a potential Harmonic Price Pattern


Oh wow, that looks like a potential Harmonic Price Pattern! At this point in time, we’re not exactly sure what kind of pattern that is. It LOOKS like a three-drive, but it could be a Bat or a Crab…

Heck, it could even be a Moose! In any case, let’s label those reversal points.

Step 2: Measure the potential Harmonic Price Pattern

Using the Fibonacci tool, a pen, and a piece of paper, let’s list down our observations.


Move BC is .618 retracement of move AB.
Move CD is 1.272 extension of move BC.
The length of AB is roughly equal to the length of CD.

This pattern qualifies for a bullish ABCD pattern, which is a strong buy signal.

Step 3: Buy or sell on the completion of the Harmonic Price Pattern


Once the pattern is complete, all you have to do is respond appropriately with a buy or sell order.

In this case, you should buy at point D, which is the 1.272 Fibonacci extension of move CB, and put your stop loss a couple of pips below your entry price.

Is it really that easy?

Not exactly.

The problem with harmonic price patterns is that they are so perfect that they are so difficult to spot, kind of like a diamond in the rough.

Check out this excellent forum thread discussing Gartley setups.

More than knowing the steps, you need to have hawk-like eyes to spot potential harmonic price patterns and a lot of patience to avoid jumping the gun and entering before the pattern is completed.

 

[lioralace]

Harmonic price patterns—yeah, they get a lot of hype in the forex world, and honestly, for good reason. People swear by them for locking in those sweet high-probability trades. But, spoiler alert: there’s no magic button here. It all comes down to three steps that sound dead simple on paper: find the pattern, get your measurements right, and time your trade like a pro. Oh, and let’s not kid ourselves—this stuff takes real skill (and maybe a pinch of stubborn patience) if you want to pull in actual profits.

Step 1: Spot a Harmonic in the Wild

First up—ya gotta see the pattern before you can even think about trading it. Sounds easy, right? Ha! Grab a chart, zoom out, and it’s basically a bowl of spaghetti. Sometimes you spot what you think is a Gartley or the famous Three-Drive, but a closer look? Eh, maybe it’s more of an accidental “Moose” pattern (super rare, zero profit). The real trick is to pin down those reversal points—the spots where price changes direction and the magic lines up. Miss those, and honestly, you’re just wasting time.

Step 2: Whip Out That Fibonacci Tool

Alright. So you think you’ve found the unicorn. That’s when it’s nerd time: measuring. Harmonic trading lives and dies by Fibonacci levels. We’re talking ratios like 0.618, 1.272—the stuff that makes people’s eyes glaze over until they realize these numbers actually pay the bills. Check that BC is a decent 0.618 pullback from AB. See if CD lines up at a 1.272 extension of BC. AB and CD should be almost twins, too. Nail it? Congrats, you might have a textbook ABCD—trader heaven. Mess it up, and you’ve just drawn some cool lines for your Insta story, nothing else.

Step 3: Pull the Trigger (But Don’t Be a Cowboy)

You made it—you checked all the boxes, everything lines up. Now, you either buy or sell at what’s usually called point D. No hesitation, but zero cowboy moves. For buys, you’re usually jumping in right at that 1.272 extension. Don’t forget your stop loss—seriously, don’t. Put it a few measly pips under your entry, or you’ll end up on the wrong side of a nasty market prank. I learned that one the hard way. Twice.

Is It Actually That Easy? Uh…Nope.

Here’s the honest bit: you’ll rarely see those dazzling, “perfect” patterns just waiting for you to cash in. They’re like hunting for four-leaf clovers—possible, but don’t quit your day job until you’re good. Impatience is your worst enemy here. People get itchy trigger fingers, and they’re barely halfway through the pattern before they hop in, then wonder why their balance looks like Swiss cheese. Real talk: if you can’t wait for confirmation, this ain’t your style.

And watch those measurements. A sloppy retracement, and you’re not trading a harmonic—you’re just doodling on your charts. Best way to get sharp? Practice on demo, and lurk in trading forums. Trust me, some of those old-school traders spot patterns like they’re reading a kids’ book. Soak up their wisdom, steal their tricks (ethically, of course).

The Bottom Line

Learning harmonics is more marathon than sprint—and yeah, sometimes it’s just as painful. But if you’re stubborn about getting the details right, patient enough to wait, and not afraid to scrap a trade that doesn’t tick all the boxes, you’ll level up fast. Seriously, with practice, these patterns can become your go-to weapon for racking up safe trades. So—eye exercises, anyone? Your charts aren’t gonna read themselves.