Tim Morge explains it best. He's the leading authority on this stuff. I find Gartley a bit more clear cut though.
http://www.youtube.com/watch?v=kljVx7pBg5E
http://www.youtube.com/watch?v=kljVx7pBg5E
"Ratios & Harmonics: a Different Way to Trade." Summary 37 replies
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DislikedPost some questions and or comments. I know the first trade was against order flow and expectation but I was too aggressive and saw the weakness and took the shot. I managed it aggressively and didn't lose much. The second was a beauty!!! Talk to you all soon. Happy trading and keep reading, have an expectation.Ignored
Disliked{quote} Reaching the TP 1TO 1 within another 1TO 1. If possible avoid market orders and pending orders preferred. Pips are five more +17 Pips, with a buy limit would have been +22 regards {image}Ignored
DislikedGood Afternoon Mr. Pip and others, at first I wasn't going to post today’s trading session but though I should learn from my mistakes. And if any others can learn that’s great too. Please, feel free to comment. I'm always looking for ways to improve. Market sum up: I was on the GBPCAD 5 min chart and seen that the Bulls were strong. I also seen an AB=CD completion (circled in Red) which broke through structure. Bulls looked strong so I passed on the trade to look for a trend continuation trend. Expectation: I expected price to retrace to round number...Ignored
Disliked{quote} hello pampaq, i'm assuming you use limit orders. Do you find that this effects your win rate or is the payoff better? (Better entry and more pips vs. a higher win rate). By the way, good work bagging the pipsIgnored
Disliked{quote} Mack2013 Hello, my two cents. I hope to express well what I think. mmtum, the entry swing is weaker than the previous bullish. And does not show strength in its second candle MCBC. The most relevant fact is undoubtedly the great mmtum the previous bearish swing. In my case I use the following, strong strong, weak: pum dow. Remains to be seen, if not a supply area or an area of greater resitencia. In those areas, and RN, I hope a complete pullback, ABC type, and then I analyze the mmtum D. In this case if is accelerating, breaking...Ignored
Disliked{quote} Reaching the TP 1TO 1 within another 1TO 1. If possible avoid market orders and pending orders preferred. Pips are five more +17 Pips, with a buy limit would have been +22 regards {image}Ignored
Disliked{quote} Hell B3g1nn3er, maybe I can be of some assistance. I'm going to give you the long answer.... lol Attached are some reference material. Once you've memorized the material, you'll need to back test the patterns to see what works for you. Don't trust anybody with your wallet, make your own conclusions. No offence to anybody. I found the videos, not only to be inspiring but also of great help. I watch them over and over and over... etc. I pick up something new every time. They are truly excellence source for a visual learner like myself. Also...Ignored
Disliked{quote} Good morning Mr Pip, I actually had a few questions; 1) Do you put any weight on the 141.4 ext. level? There’s so many fib levels and sometime I get confused. 2) How do you distinguish the difference between your expectations and hope and how do you handle your emotions while trading? 3) I’ve been doing some back testing.... still... my goal is to go back on 15 pairs on several different time frames for a year or so (depending on the amount of data thats availible). I do my back testing manually so it’s been time consuming. I've only completed...Ignored
Disliked{quote} Reaching the TP 1TO 1 within another 1TO 1. If possible avoid market orders and pending orders preferred. Pips are five more +17 Pips, with a buy limit would have been +22 regards {image}Ignored
DislikedGood Job MR PIPs i really love your approach towards the market your method of order of flow is the key to interprete the fx market guy. Guys stop spending your time with zup harmonic indicator and learn how to read this market. time they say is money spend your time well now that you have itIgnored
DislikedMorning Mr Pip I am having a little trouble with short term orderflow. I was wondering on the chart below which line does it have to cross above, before we can say that orderflow has changed from down to up. The blue line or the red one. {image}Ignored
Disliked{quote} I do not consider the 141.4 it's more relevant to the Cypher then anything else. I look at the 127.2, 138.2, 161.8 and the 200 for stops if there is no structure to assist. There is no room for hope in ones trading hope will make you broke. Expectations are essential to trading. It lets you know when order flow has potentially changed or your targets are realistic. Without expectations you would just chase after price all day long much like an indicator. Also having expectations and rules to follow in your trading keep the emotions at bay...Ignored