When you trade in Forex and Stock market, the subjectivity is the biggest enemy of your trading performance. When you trade with price patterns, this is not an exception. Trading with a loosely defined price pattern can get you many troubles as we have seen in many Elliott Wave patterns with some loosely defined structure. Identifying accurate entry and exist is exceptionally hard when the price pattern is not well defined. In addition, with a loosely defined price pattern, you can not measure your trading performance correctly. Hence, it is hard to make any progress in the application and in the knowledge. Always keep the structure of winning price patterns. Next time, you will apply the same right pattern to decide either buy and sell direction. This will lead to more consistent success over long run.
Below article about X3 Pattern framework shows the best way of keeping your winning price patterns in your pocket.
To help you further with the structure of price pattern, we also provide the Chart Patterns Tutorial here with the access of free Educational Software. You can use this tutorial to define many price patterns like Fibonacci price pattern, Harmonic Pattern, Elliott Wave pattern, X3 price pattern and so on in just few button clicks. Please check it out for your own good.
In addition, these tools below are the automatic price pattern scanner.
Harmonic Pattern Scenario planner
It is an advanced Harmonic Pattern indicator. On top of the features of Harmonic Pattern Plus, you can also predict future harmonic patterns through simulation. This is the tactical harmonic pattern tool designed for Professional harmonic pattern trader. Because of affordable price, this harmonic pattern detection indicator is loved by many traders although this is a repainting indicator.
This is our next generation Harmonic Pattern and Elliott Wave Pattern Scanner. This is non-repainting and non-lagging Harmonic Pattern Indicator. On top of that, this tool can detect Elliott Wave Pattern and X3 Price Patterns. It can detect over 20 chart patterns. The bonus is that you can also detect around 52 Japanese candlestick patterns + advanced channel are added.