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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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Gutemberg Dos Santos and Robert Kiyosaki share their vision of leadership

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Gutemberg Dos Santos is a Brazilian-American entrepreneur and one of the main promoters of the use of Blockchain technology and crypto economy.

Gutemberg Dos Santos and Robert Kiyosaki

Gutemberg Dos Santos a couple of years ago sponsored an event in which the Guinness Record broke with the largest number of people playing Cash Flow, a game developed by Robert Kiyosaki. Today, Dos Santos shares some reflections that emerged on that occasion about what a good leader is. 

A good leader is an excellent guide to reach common goals. If I want my team to work successfully I must share my skills and offer the best tools for their performance. I am also committed to strengthening the capabilities of each of the members and never assume that we all work the same as diversity enriches and complements the unit. 

Sharing experiences. If I share my experiences with the rest of my team regarding the success and failures I have had in some projects, I will empathize with my team and together we will be able to reach the goals proposed for the company.

Listening. This part is essential for a business to prosper, if I do not listen to my people I will be walking towards darkness. I must always remain alert to the doubts and questions that my team may have, in this way I will know if we are all on the same frequency and we are walking towards the same course.

Motivating my team. I take my time to know my team, how old they are, what is their educational and socioeconomic level; what goals they pursue in the short and long term. This will help me find keywords that guide me to be empathetic with them and be able to have better communication. 

Being proactive. When facing a difficult situation, I try to get the best out of it, without falling into frustration and rather detect alternative solutions. Trusting and being flexible. I am attentive to the capacities and strengths within my work team, this way I trust people in order to delegate tasks, likewise I am open to listen to proposals and suggestions that lead us to strengthen our project. 

For more information, please visit : www.gutembergds.com 


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When navigating the Spanish legal system choose the right partner for your business

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xpanding your business internationally is challenging for any company and yet the rewards of entering a new market, like Spanish one, can bring unlimited rewards if you do it right.

Although with great risk comes great reward, one of the ways to mitigate those risks is to team up with a top international law firm like Avalaw. It can not only navigate local laws and regulations for both individuals and businesses, but can also provide services in relation to employment or tax.

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Invest with confidence in Spanish businesses and property 

Spain is showing signs of growth economically speaking, and although slow to recover in the face of the 2008 recession, it is now booming in a way other European countries are not. And with the euro performing well against the US dollar and other currencies it makes sense that eyes are turning to Spain for opportunities.

Of course this is also true not just for business purchase or investment, but also for property investment. In cities like Barcelona for example, the property boom continues with great profit to be made where property attracted premium rates and premium rents. 

However investment can be tricky, especially if you are facing a language barrier. How can you trust that due diligence is complete and fair, and that common pitfalls have been investigated or mitigated against.

This is when having the right business partner to do this for you becomes so important.

Experts in immigration law can save you money and effort

Of course it is not only investment opportunities which will require expert assistance.

If you decide to follow your business opportunity in Spain, or wish to employ an international specialist workforce that requires them to relocate to Spain, then you simply cannot do this without a specialist by your side

Even relocation within the European Union can be tricky with multiple bureaucratic steps needed. After the first 3 months to formally register your presence in Spain, you are allowed to carry out legal activities

For those coming from outside of the European Union the immigration laws can seem complicated, onerous and at times, arbitrary. 

From applying for your identity certificate and identity number (NIE or TIE depending on where you are from), getting registered at the local council offices and setting up social security for taxation or getting your health care card making sure you have the right paper and the right visa depending on your visiting purpose, it can be hard to understand and lead to a lot of frustration that could be avoided. 

Not following the rules can cause serious problems. Not undertaking tax obligations properly can cause problems and sometimes very high fines. And get the immigration laws wrong and you might find yourself having to leave the country very quickly and not by your own choice. With so much riding on these things it is worth every penny to hire an expert.

Even if you are concerned about immigration and visa there are different types of permission to remain in Spain. From the certificate awarded to Europeans who can show financial independence, to the blue card offered to non-European skilled workers there is usually a best fitting option. There are even visas for those just wishing to purchase property or not intending to work.

Living, working and investing in Spain does not have to be daunting

You shouldn’t let the spectre of bureaucracy scare you away from some wonderful opportunities for a new life and a chance to make your business global.

It is easy to find many horror stories about Spanish bureaucracy, even to make a simple appointment can seem impossible sometimes, but the rewards are worth it. Choosing the right legal partner to help you on this journey is a great first step on this road. It is one of the most fundamental relationships you need for a successful and happy time in Spain. Do not leave it to chance and start planning today.

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5 Mistakes to Avoid While Buying Study Tables Online

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Study tables are a necessity in almost every household, office space, public places, etc., where one might just like to relax and read or avidly work on a given project or assignment. Let’s face it, completing tasks within a given deadline is a lot more distracting without a study table present. Sitting for hours on the bed with your laptop on your thighs or reading books casually might lead to back injuries and eyesight complications in the future. Hence it is best to have a proper study table to complete all your tasks and have a comfortable experience. These days, almost all customers have shifted to purchasing study tables online instead of going to stores because it saves a lot of time and money. However, while purchasing furniture online, there are a few mistakes which all buyers must avoid in order to invest correctly and have a commendable consumer experience:-

  1. Ignoring the brand name and price value:– It is really easy to go for furniture which is cheap and the description on the products is very promising. However, do not be fooled by such elevated claims these unknown brands make, because in their mission to sell duplicates of popular brands, they will create a divine image about their product and will rob you off your money. To be on the safe side, it is important to visit sites which are popular and there is good feedback about the purchases made. Try purchasing from brands which have both online stores and shops in the city. Better be safe than sorry.
  2. Impulsive purchasing:- Decisions made on an impulse almost never favour a person’s luck. While purchasing study tables, it is important to consider all possible loopholes that might be associated with it. Take your time to think and make a choice which will complement the area surrounding the study table and also will be durable. Don’t make an investment blunder.
  3. Ignoring the compatibility:– If you want to buy coffee table online or a study table, the surroundings it is going to be placed in must be carefully estimated. For instance, taking proper measurements of the area in which the table will be placed as well as the measurement of the door through which the product will be brought in must be accurate. It is suggested that you find a delivery service which places the table in its right place to avoid future complications.
  4. Not settling the place prior to the arrival of the table:– It is imperative that the necessary documents, books, copies, electronic devices, decor, etc., must be assembled in order prior to the arrival of the study table. That way, a lot of time will be saved and the table will be ready to use sooner. Keep a tab on the return policy from the brand you are ordering your study table from.
  5. Not surfing varieties:- Another major mistake buyers commit is not viewing varieties prior to purchasing a study table. It is more feasible if you surf through the different styles and varieties that these study tables are available in before impulsively investing in one. There are several styles that might suit your preferences like a bed study table, height adjusting table, a study table that can be folded and a light and shade one.

So if you are planning on purchasing a study table or a coffee table online, make sure to avoid these common mistakes to make a sound investment on your purchase and have a pleasant consumer experience.

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