AMPmonitor - new Price & Time confirmations added

AMP indicator update!

New price and time fractal based confirmations were added to AMP indicator. Shortly they will be available on AMPmonitor.com platform.

EURUSD M15 harmonic butterfly bearish with complex zigzag

Pattern internal structure is rather complex and was not recognized by pattern recognition engines, but an experienced eye can see it. 

There are actually not so many different fractals in which market trends are ending.

AMP indicator and complex ZigZag patterns

Example from Forex market of the harmonic pattern with complex internal ZigZag structure. Therefore such pattern would not be recognized by the leading MT4 harmonic patterns recognition indicators like ZUP nor korHarmonics.
AMP indicator due to it's unique pattern definition capabilities is able to identify and alert even more complex price patterns.

harmonic butterfly pattern with complex internal ZigZag structure

 To learn more about the AMP indicator visit -> AMP indicator Realeases

harmonic pattern point D and pivot point

Pay attention when the point D from harmonic pattern comes close to pivot point. Price may (and often happens) does not respect the harmonic / market geometry, and reaches the pivot level. Knowing the location of nearest pivot points (daily, weekly, monthly) may help you in defining possible price behavior at point D. You may want in such cases skip the trade or extend the StopLoss.

See example from USDJPY where 121 bearish pattern failed, but price respected nicely the monthly pivot point.

butterfly harmonic pattern EURUSD M5

we had this EURUSD butterfly harmonic beauty today! Check our harmonic patterns recognition tool -> AMPmonitor and do not miss such opportunities.

more on AMPmonitor -> http://tradingarsenal.com/ampmonitor/

AMPmonitor forex harmonic patterns recognition

AMP indicator has functionality to present pattern in advance (so called emerging pattern). Emerging pattern is very useful. Allows trader to prepare for the trade, apply his/her own confirmation techniques and decide if it's worth to trade the pattern.

From Emerging pattern changes to Completed. This means all swings within the pattern meet the pattern criteria. This is the moment to execute the trade.

Completed pattern can move into Running or Invalidated status. Running means that pattern is on the way to reach the Take Profit level (TP1 and/or TP2 are 2 default TP levels defined in AMPindicator / AMPmonitor). Invalidated status means that price hit the Stop Loss level.

Emerging 121 pattern:

Completed 121 pattern:

Running 121 pattern:

To read about AMPmonitor check --> http://tradingarsenal.com/ampmonitor/

AMPmonitor functionality ( harmonic patterns recognition tool )

AMPmonitor - Most powerful pattern recognition indicator for MT4 platform which boasts of an advanced search engine, fully configurable patterns and built in confirmation methods provided by professional harmonic traders.
It has not been released to the public, but you can “use it” via AMPmonitor website.


To read about AMPmonitor check --> http://tradingarsenal.com/ampmonitor/

AMPMonitor has a unique layout that splits the patterns according to their maturity:
a.Emerging Patterns will identify and inform you about potentially forming patterns early enough before it actually forms. This is a huge advantage, giving you time to review the prospective trade, applying your own confirmation technics and qualify the opportunity.

b.Completed Patterns present patterns that have already met all defined price, time and other conditions.

c.Live Patterns show you how the market evolved since the completed pattern. Both successful and failed/invalidated patterns are displayed here.