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Harmonic Patterns and their Use in the Currency Markets

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In the world of currency trading, there are many patterns that you can observe when you want to learn about the direction the market is taking. One of the most common patterns are the Harmonic patterns. These patterns are known to be very accurate in determining the movements that are just about to happen in the market. A lot of traders, therefore, use them to predict the future of the market. There are many ways the patterns are applied in the forex market. In order to understand the Harmonic trading strategy, we need to understand what the Harmonic patterns are all about.

The Core Structure of Harmonic Patterns

The basic structure of Harmonic patterns entails core elements of geometrical patterns which have been augmented by Fibonacci numbers. This means that the fundamental premise of the resultant patterns is that they are bound to repeat themselves in the market. Indeed, there are established ratios that record the manner in which the Harmonic patterns repeat themselves. At the start of any Harmonic pattern is the ratio 0.618 and its equivalents. This pattern is borrowed from nature itself as there are many recorded occurrences where the pattern is evident. Traders in the financial markets use this ratio to forecast the market’s direction.

In order to use the Harmonic patterns effectively, a trader must know how to adjust the strategy when necessary. The occurrence of a pattern can, for instance, mark a reversal zone. This means that price predictions would not be feasible. A confirmation is thus necessary and a suitable indicator would be great for providing this information. There are many great indicators to use with the Harmonic patterns and you can find them discussed in detail at Admiral Markets.

Visual Patterns of Harmonic Patterns

There are many patterns that can be observed when using the Harmonic trading strategy. Of the many patterns observable, four key visual patterns stand out among the rest. Each of these patterns come with accompanying signals and thus unique approaches to trading. The patterns are:

  • The Gartley Pattern
  • The Bat
  • The Butterfly
  • The Crab

1.The Gartley pattern

This pattern basically works on the premise that a reversal is bound to occur after a certain pattern has been established. When a Gartley pattern is formed, the last potential reversal zone that occurs is what traders look at to determine how they will place their next trade. In any market, an upward or downward trend can only be sustained for so long before the reverse occurs.

2. The Bat

The Bat also works the same way as the Gartley pattern but the main difference between the two are the resulting figures. For the Bat, the potential reversal zone is not as intense compared to the Gartley pattern. The reversal in this pattern for instance usually comes at shorter measurements in general. The bearish and bullish patterns thus appear much more frequently in this pattern.

3. The butterfly

The butterfly is quite different compared to the previous two patterns because its retracement levels often exceed the original starting point of the pattern. The butterfly relies on short trades and most of the ratios established in the pattern often have to be disregarded as they might be misleading.

4. The crab

Finally, the crab is often touted as among the most accurate of all Harmonic patterns. This pattern is quite distinct from the others since its reversals are almost always very close to each other. It is thus very easy to identify bullish and bearish markets.

Issues Associated with Harmonic Patterns

Like all other trading patterns, you will need to be careful so as to not miss the important signals when you are trading with Harmonics. Since the patterns rely a lot on the Fibonacci levels, many patterns that might look like Harmonic patterns often do not have corresponding Fibonacci numbers and thus cannot be used for trading.

It is also common for traders to be caught off guard by the market when they are over analyzing the Harmonic patterns. Not every pattern that begins like a Harmonic pattern ends up to be one. Other than that, there are also many other patterns that can be observed in the market alongside Harmonic patterns and this might make it difficult to track the relevant market signals.

In Summary

Harmonic trading is rational and thus crucial for trading. It, however, has its issues and should thus be used by experts in the filed. It takes time to get used to the different patterns and how to look out for them in the market.

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Student @ Advanced Digital Sciences Center, Singapore. Travelled to 30+ countries, passion for basketball.

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How To Reduce Your Shipping Costs As An Online Seller

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Reduce shipping costs

Shipping costs are something that you are stuck with as an online seller. This makes finding innovative ways to reduce your expenditure on shipping a necessity. This keeps your profit margins high and your stream of revenue flowing steadily. Thinking strategically to reduce shipping costs for yourself and your clients is a major requirement if you want to be successful as an online seller. This is because your customers and clients expect to spend less on shipping and want free shipping in most cases. Here are five smart ways to reduce shipping costs.

Choose lighter packing materials

Protecting items in transit is important, and this means you must get the best packing materials to secure them. However, not all packing materials are the same. To lower shipping expenses, consider lightweight, protective materials that offer the same level of protection as the heavier ones. In this regard, use air pillows and bubble wrap to secure the boxes’ empty spaces—the lighter the package, the lesser the cost.

Use flat-rate shipping

Make the most out of flat-rate shipping. Most major logistics businesses offer some sort of flat-rate shipping, and you can take advantage of this to save some money. If you happen to ship heavy items frequently, this could present a great opportunity to save a lot. Be sure to research your options and make the best choice that makes it economical for your business. You can get significant savings on UPS prices here.

Improve your negotiation skills

Great negotiation skills are key to saving money anywhere, and in the shipping business, your ability to negotiate will save you some expenses. You can negotiate the terms and rates of your parcel volume even if it is on the low side with your shipper to slash your shipping costs. With competition high amongst shipping vendors, being a good negotiator could secure you a good deal. However, note that not all shippers can provide certain services or guarantees. So, be sure you settle on one that can fulfill all your shipping obligations and satisfy your customers’ demands.

Buy in bulk

Buy packaging products, from cartons to air cushions, to bubble wraps, and even pallets in bulk. Buying in bulk usually comes with volume discounts that can save you some money. One more thing to consider is your product packaging. Your packaging is part of your brand, so find suitable branding methods that do not alter your products’ weight by much.

Recycle and reuse shipping supplies

It is more likely than not that you also have items shipped to you before you resell. It is best to recycle and reuse such shipping supplies, to save money on shipping costs and packaging materials. You can repurpose the cartons and packaging material for your own packages. Simply replace the shipping labels with your branded ones. This also ensures you run a green business as you reduce the effects of possible environmental pollution.

If you decide to offer free shipping to your clients, that is fine but remember that it will eat into your profits. In this regard, you must find smart ways to save money on shipping expenses as well as packaging. If not, then as much as possible, find ways to reduce the shipping costs for your customers so that they can continue purchasing your products.

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Ensuring The Best Quality For Your Customers

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Best Quality for Customers

For all businesses big and small, customer satisfaction should be the number one goal, as they’re the ones who make everything possible. Without customer satisfaction, you’re going to see sales decrease, and it’s going to be hard to operate with efficiency! There’s a lot you can do to ensure that your customers are satisfied, and it doesn’t hurt to put in that extra effort to make sure of it!

Data security

Data security is very important for many reasons, but most importantly you want to make sure customer information is not at risk! It’s a legal requirement to protect the sensitive information of customers and employees, and you’re likely going to lose sales if you have a data breach. Make sure that all of your data is secured and away from people with ill intent, else you’ll be risking your reputation and the trust of your audience!

In-house guarantees

If you work in retail, the only way you can ensure customer satisfaction is from product testing, and making sure everything is the quality you want it to be! Whether it’s by tasting products as a food retailer or making sure customers are getting what they pay for. If you sell by weight, consider investing in some scales to make sure you’re selling what you advertise – ones like these: https://www.arlynscales.com/scale-knowledge/industrial-weighing-scales/. You don’t want any mixups with customer satisfaction, and many brands have faced criticism for inaccurate advertising.

Promotions and loyalty cards

Loyalty cards and promotions are a great way to reward your customers for buying from you, they allow you to give back to the customer for their repeating patronage! Make sure to set it up so that you don’t lose out, while also giving back to your customers – you’re trying to please the customer, not sink the business!

A lot of businesses offer credit instead of a loyalty card, finance that can only be used in their stores, encouraging them to come back and buy from you again! These deals are great for building lasting relationships between you and your audience, and should be used by every retailer if they can afford it!

Customer feedback

Allowing customers to give feedback is very important if you’re trying to please them, as they can tell you exactly what you did wrong and how you can do better! A lot of businesses do this through their website with a review feature, allowing them to collect data on their customers and find a general consensus on what the audience wants. It’s never bad to hear what your customers have to say, and you might end up pushing yourself a little closer to success with each change based on customer complaints! You can read more at https://survicate.com/customer-satisfaction/tips/.

You can’t please every customer, but trying to please the majority of them is what’s going to help you climb closer to success. Trying to keep an honest relationship with your customers, and not driving your prices up too high is important if you want to keep loyalty between you; people can tell when they’ve been overcharged – and that’s not something you want!

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Where can I find Ray-Ban’s online spare parts?

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Rayban lenses parts

It has been many years since the aesthetics and fashion sector came to the world of eye wear. Especially in the case of sunglasses. Great brands and designers began then to work to launch to the market interesting models that have conquered the public of the whole world.

One of the most iconic examples is that of Ray-Ban. The American company has been launching sunglasses that are recognized by almost anyone for almost one hundred years. This makes them coveted examples with a high average price, so it is not pleasant that Ray-Ban glasses break and cannot be repaired.

Fortunately, nowadays it is easy to find Ray-Ban replacement parts online in a simple way and without this entailing a great economic expense. And what is so positive about this? In short, you can extend the life of a pair of glasses of this brand to infinity and thus amortize the investment.

Spare parts for all types of glasses

As easy as finding the right store on the Internet, knowing the model of glasses you have and looking for the part you need: replacement lenses for Ray-Bans, screws, Ray-Ban temples or even frames for the most serious accidents. You can find practically any type of part of this brand on the net at affordable prices!

In addition, these reference stores include the possibility of getting other types of lens-related accessories such as Ray-Ban sunglass cases. In this way, you can replace any element related to the optics that is broken, damaged or simply aged. Any of these problems has nowadays an immediate solution and very interesting thanks to reference webs in the sale of spare parts.

Unbeatable price

Options such as Replacementlenses are suitable for all types of Ray-Ban brand consumers for quite a few reasons: their unbeatable prices, the quality of the materials, and compliance with all U.S. brand guarantees.

This has made the web, which allows to receive the orders comfortably at home and in a very short time, become one of the favorites of the ‘Raybanmans’. There are people who are truly addicted to the aesthetic lines of the brand and who acquire different types of frames and brands for each look.

Thus, the Ray-Ban glasses have become a real fashion accessory to combine with the tie, suit, hat or socks every day. And this is partly possible thanks to the possibility of finding spare parts and accessories at very affordable prices in Replacement lenses.

There is no longer any doubt when buying a Ray-Ban: it will become one of the best investments made in terms of optics and eye care, while providing a touch of distinction and beauty on a daily basis. And, in case of any breakage, customers know they can get Ray-Ban spare parts quickly and at very reasonable prices.

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