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

  • By Scott M. Carney
  • Published May 7, 2010 by FT Press.
    • Copyright 2010
    • Dimensions: 8-1/2 X 10-7/8
    • Pages: 288
    • Edition: 1st
    • Book
    • ISBN-10: 0-13-705151-4
    • ISBN-13: 978-0-13-705151-9
    • eBook (Adobe DRM)
    • ISBN-10: 0-13-217172-4
    • ISBN-13: 978-0-13-217172-4

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Product Author Bios

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

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. In Harmonic 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 2 will undoubtedly prove to be a vital part of any technical trader’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. Scott’s work is at the top of that ‘short list,’ and Harmonic Trading: Volume 2 is, in my opinion, the pinnacle of his achievements. It redefines the concept of a ‘must read.’” --JIM KANE, Founder of Kane Trading and author of nine trading books, including Median 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 in Harmonic 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. Scott’s work should definitely be a prominent part of every investor’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, in Harmonic 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.

Customer Reviews

3 of 3 people found the following review helpful
4.0 out of 5 stars Good covereage of subject but with errors, January 4, 2011
By 
Defcon (Kirkland, WA USA) - See all my reviews
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This review is from: Harmonic Trading, Volume Two: Advanced Strategies for Profiting from the Natural Order of the Financial Markets (Paperback)
In his second volume on Harmonic Trading, Scott Carney completes coverage of harmonic patterns and presents new strategies (BAMM and RSI BAMM). The second volume compliments the first very well and the information is informative to traders of all levels of success. I was discouraged by the number of chart labeling errors and typographical errors in the book, especially after he was advised of some of the same errors earlier from his website and other works. The errors are sufficiently significant to slow the reader, who must stop, back-track, verify, and correct the mistakes. This is unfortunate and preventable event to an otherwise instructive book on harmonic trading patterns.
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5 of 6 people found the following review helpful
3.0 out of 5 stars its ok, August 9, 2010
Amazon Verified Purchase(What's this?)
This review is from: Harmonic Trading, Volume Two: Advanced Strategies for Profiting from the Natural Order of the Financial Markets (Paperback)
Its still a well written book, a couple of typos I think, but a good chunk of the book is used up with historic examples to prove his point of the new patterns. I think you can get away with just book one as a good foundation for harmonic trading. The only method I found useful was the rsi Bamm method.
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7 of 9 people found the following review helpful
5.0 out of 5 stars Changed the way I look at the markets and trading., August 5, 2010
I've finished reading Vol 2 and it has more than lived up to my expectations. Whilst Vol 1 gave me an amazing insight into the Harmonic Trading system and how to trade the patterns, Vol 2 has taken my trading to the next level. Vol 2 has introduced me to new patterns, a very precise Indicator system, and it has greatly improved my understanding of the Harmonic System as a signpost of future market direction which in turn has increased my confidence and resulted in my being more active and more profitable in the market. As a result of the new trading strategies introduced in Vol 2, I now no longer have to wait for the completion of the patterns in order to trade and if a pattern fails I can now take advantage of that failure as a trading opportunity,(this area was covered in Vol 1, but Vol 2 has given me the confidence to take these trades due to the precise ratios that have been added). Scott has also introduced an Indicator system that is so precise in its' application that I am... Read more
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Online Sample Chapter

Introduction to Harmonic Trading, Volume Two: Advanced Strategies for Profiting from the Natural Order of the Financial Markets

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

 

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