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Now, in Harmonic Trading: Volume 2, Carney takes a quantum leap forward, introducing new strategies, patterns, and methods that make Harmonic Trading an even more powerful tool for trading the financial markets. For the first time, he reveals how to utilize harmonic impulse waves and introduces measurement techniques that identify market turning points even more accurately. Finally, he demonstrates how to integrate the Relative Strength Indicator (RSI) with advanced Harmonic Trading techniques to separate minor “reactive” moves from major opportunities.
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Scott M. Carney is President and Founder of HarmonicTrader.com, and the originator of the Harmonic Trading approach. He personally defined this unprecedented methodology that employs a unique system of price pattern recognition and Fibonacci measurement techniques to define opportunities in the financial markets. Among his many discoveries, Scott has defined most of the harmonic patterns, including the Bat, the ideal Gartley, and the Crab. He has been recognized for other contributions to Technical Analysis, including the concept of the Potential Reversal Zone (PRZ), the 0.886 retracement, and the 38.2% trailer. Carney has been a columnist for StockCharts.com, TradingMarkets.com, and eSignal.com, and he has been featured on CNN. He is a full member of the Market Technicians Association (www.mta.org) and the American Association of Professional Technical Analysts (www.aapta.us).
