Dear Harmonic Trader,

   It is has been years since I have written a "Letter from the President" to the general public. As we began the next chapter in HarmonicTrader.com, it is my sincerest wish to express the nature of not only this web site but of the character of this business. I have struggled with the nature of so-called gurus in this industry, as many are purporting themselves to be successful independent traders when they are clearly not. I have experienced this first-hand and I have talked to dozens of people whom have dealt with similar characters, as well. As I move ahead with expanding the product offerings and service from HarmonicTrader.com, it is important to note that I will continue to go to great lengths to distinguish Harmonic Trading from the other Fibonacci-type approaches, as an effctive AND ethical educational resource.  Unlike many well-marketed trading approaches, HarmonicTrader.com has established itself as the most comprehensive Fibonacci-based methodologies available.  I know that there are many tutors who purport themselves as veteran traders whom have amassed great wealth.  Unfortunately, the perception is usually quite far from reality.

  I founded the Harmonic Trading over10 years ago, out of my frustration from the established self-proclaimed "gurus" to answer the questions that these guys simply could not answer.  In doing so, I have put together a system provides rules for every step of the trading process. It is important note that no matter what strategies are employed in the trading process, the general sequence of events involves three basic steps. 

  The first step is trade identification. No matter what the tools and strategies that are used to analyze the market, there must be concrete and precise rules to identify the potential trading opportunity. Furthermore, these rules must include exact specifications to avoid ambiguity and reduce risk. The second step is trade execution. In the execution process, there are specific guidelines - mental and academic - that are required to maximize position entries and improve the overall validation of an opportunity. And third, trade management skills are essential to handle the execution and optimize the profit potential of the trading opportunity.

   Within the Harmonic Trading approach, each step is outlined precisely with exact rules to differentiate patterns, identify unique technical situations and determine the validity of the each opportunity. One of the most common problems with many Fibonacci-related approaches is that they simply do not answer each step of the trading process sufficiently to optimize performance and foster an understanding of the technical nature of price action. Although this flaw is not limited to Fibonacci-based strategies alone, as many other methodologies -in particular, many "blackbox-type" software systems - fail to provide sufficient skills sets and general explanations for various technical events.  Harmonic trading bridges these gaps and provides a comprehensive methodology to answer all questions throughout the trading process.

   As we began to move forward with new products, seminars and other expanded offerings, HarmonicTrader.com will provide the rules and skills set necessary to be successful in the markets. If you have not read any of the Harmonic Trading books, I strongly encourage you to read "The Harmonic Trader," which I have now offered for free to the read has the PDF (click link to access). I'm positive after reading this material, you will want to learn the entire approach. I was still be offering "The Harmonic Trader" for sale and, in fact I will sign each book for those who desire to have an autograph copy. Also, a new version of "The Harmonic Trader" will be offered next year through a major publishing company within the next year. As the details are finalized, I will let you know when and where to get the new book, "The Harmonic Trader - Second Edition."  This will be an entirely revised work and contain a great deal more content.

   For now, I urge you to purchase the three books and take advantage of the free Harmonic Analyzer software trial. The books and the software are more than enough to get you started to become a great Harmonic Trader. I welcome your questions and look forward to the future, as we strive to help as many people as we can to realize that this is not just another another Fibonacci approach, 

“This is Harmonic Trading!” 



Sincerely,


Scott M. Carney