The pattern was further developed by legendary trader Scott Carney and Larry Pesaven and was featured in Carney’s various books on harmonic trading published from 1999 to 2010 where he discussed ...

The trade is immediately exited once an ABC failure occurs. More aggressive traders could take counter-trend trades dictated by their experience and size of trading accounts.

When trading a bullish three-drives pattern, you would typically consider taking profits at the 0.618, 0.5 or 0.382 Fibonacci retracement levels of the entire move from 0 to E.

Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this ...

An example of trade using the ABCD pattern. A recent example that displayed the progression of the ABCD pattern is the FTSE 100 Cash Index. Following the initial drop ...

You're not normally a rule-breaker. But violating the pattern day trader rule is easier to do than you might suppose, especially during a time of high market volatility. Don't let this happen to you.

The second reveals that the intraday trader often uses more than one time frame – such as a one-minute, three-minute, five-minute, 10-minute and 30-minute chart – in making trading decisions ...