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"Ratios & Harmonics: a Different Way to Trade." Summary 37 replies
Learning to trade with harmonics 11 replies
Time for Change - Pivots & Harmonics to freedom 67 replies
180 reasons to trade Harmonics and Patterns 13 replies
Disliked"upon trade entry you have to consider what price is doing" <<<<< That sums it all up Managing a trade is the key. Happy Green Pipping in 2013 to all.Ignored
DislikedCan someone please take a look at the attached chart and tell me if I am on the right track?Ignored
DislikedMr.PiP
My suspension has been lifted and I can post again.Thanks for your support.
I have a general question to ask.As harmonic trader how much time you spend going over fundamental staff like news.For example GU shot up unprecedented over 100pips on Fri and violated previous patterns.
Do you 1st check the news then pattern and mechanics? or you like many tech traders totally ignore fundamentals.
Thank youIgnored
DislikedI was of this opinion as well, but then I went and looked back farther. it appears the main swing may actually occur between Oct. 17th 14:00 and Dec 12th 12:00. Unfortantly, my screen will not zoom out far enough on the 1 hr time frame to show this entire move. However, with this being the case, the dominate swing would then become Dec 12th 12:00 to current. Dec 26th 11:00 may end up being the end of the dominate swing, but that is yet to be determined as the retracement down is hanging around the 50% mark currently, and the move up has yet to reach...Ignored
DislikedExcellent! I am one of those less experienced traders and want to thank you for the way you are managing this thread.
In the firsts posts it all seemed that it was only for experienced traders who knew all about abcd patterns, fib retracements and extensions. But then it all became clear. We first needed to identify the main and dominant swings, etc, etc, step by step.
One question about Scott Carney book. I know that it'd be best to anyone to read it, but some probably won't have the time to go through the 273 pages. Plus, you mentioned that...Ignored
DislikedJason,
The figures are not rigid but the rules are. We also have to remember that price will vary slightly between broker and price will not always come to anarea to the pip. In your analysis you will have to determine what is acceptable for you. I will give you some examples.
On a 1H Chart
If price comes to with in 5 pips to a fib target then I will accept as valid.
On a 15M Chart
If price comes to within 3 pips of a fib target I will accept as valid
You must be careful or you will start to lose the intergrity of the patterns. 5 pips...Ignored
DislikedI have an indicator called "Gartley v102", it can help harmonic tradersIgnored
DislikedHi Mr. Pip,
Thanks for your precious education and comments on my previous posts. I have some points need your clarifications
1) For higher timeframe say H3, Daily, Weekly what will be your tolerance pips as I am trading at higher TF
2) When seeing the extremes (i.e. XABCD) , do we claculate the pattern by using Hi/Lo or using bar close?
Thanks in advance.Ignored
DislikedWell traders I have caught up with all the posts and look forward to sharing more with you all. I am surprised that I only had a couple of questions about the PRZ and entries. Do you feel good about price action in the PRZ or would like to see some more examples? Also how are we doing with drawing our fibs?
This is important folks so ask away. The first pattern we will be discusssing tomorrow afternoon is the ABCD pattern. This the most common and one of my favorites particularly on the lower timeframes. I'll hang out for a few more minutes before...Ignored
DislikedTo be quite honest, I need to study your PRZ posts some more. Examples would be excellent! I think I'm becoming fairly comfortable with identifying swings and dominate swings over the holiday. I honestly can't wait to start learning to the patterns.Ignored