Introduction to Optimal Turning Point Pattern
In the history of financial trading, Optimal Turning Point Pattern Scanner is the first non repainting and non lagging indicator for Harmonic pattern, Elliott Wave pattern and new other turning point patterns. Historical patterns match with signal patterns. Hence, you can readily develop profitable strategy in your chart. More importantly, this superb pattern scanner detects the optimal pattern of its kind.
By comparing performance of variations of each pattern, we can identify the most optimal pattern for our trading. For example, Gartley pattern can have several different versions in its structure. Who knows with which version of Gartley pattern we should trade? Only way to find out is to compare each version of Gartley pattern apple to apple. After that, we can select the most profitable pattern among the different versions. Optimal Turning Point Pattern Scanner is designed to detect the optimal turning point patterns to maximize your profit.
Optimal turning point patterns are the pattern optimally predicting the market turning point and their performance must be comparable apple to apple under one Quantitative Pattern Framework (i.e. X3 Pattern Framework). Optimal turning point patterns include optimal Harmonic Patterns, optimal Elliott Wave Patterns, and other patterns performing equally or better than harmonic and Elliott Wave patterns. Below is the list of optimal turning point patterns detectable.
Optimal Harmonic Pattern List
Optimal Elliott Wave Pattern List
New Optimal Turning Point Pattern List
Entry and Exit for Trading
To trade with turning point patterns, you will need three essential components including pattern completion interval, potential reversal zone and potential continuation zone. For custom take profit and stop loss setting are measured using the size of pattern completion interval. For example,
For your information, pattern completion interval box is fixed size always. Provided stop loss and take profit levels are movable, automatically adjustable according to your Reward/Risk ratio. Potential reversal zone can be used to further identify the location of the final turning point. Potential continuation zone can be used to predict future price movement from the final turning point location. For example, Potential continuation zone is the tactical location where you can set breakeven, or trail stop your profit or to open new entry according to the new market condition.
Even we provide the most optimal turning point patterns with our pattern scanner. Any experienced trader will recommend using secondary confirmation together with the turning point patterns for better profits. Depending on your skill level, you can combine various secondary confirmation technique with our Optimal Turning Point Pattern Scanner.
You can also combine Optimal Turning Point Pattern Scanner with following products:
Important Note for Trading
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