Hello anigeo, it is a little difficult to puzzle out your exact question, but here is my answer to what I think you mean.
Strictly your equation is not 'the wave equation' (harmonic or otherwise) but one solution to it.
The wave equation is a differential equation which connects the variation of distance and time for some property of interest so that the solution functions to this differential equation repeat themselves regularly in space and time. Your equation is such a solution function.
Don't worry about this if you are not familiar with differential equations.
Now what you haven't asked is 'what is y?' in your equation.
y is the displacement of an oscillating particle of the wave. We usually take this in a direction perpendicular to the distance from some reference point and measure distance as the x variable.
Remembering that x and t are independent variables, each of which affect the value of y we obtain an equation such as yours with
y(x,t)= a function of x and t.
In order to handle this your equation tells us that if we keep either x constant and vary t or; t constant and vary x we obtain a sine curve.
So we can either stand in one place (x constant) and watch the wave particles going up and down in the y direction in a sine wave.
or
We can survey the wave at any instant (t constant) and see a sine wave of particle displacements as we look along the x direction.
does this help?
Oh and Philip is quite correct to spot your typographical error - it should indeed be (x-vt)