Dislikedmr pip, what makes the prz of a bat succeed more than any of the other complex pattern PRZs?Ignored
If you fail to plan, you plan to fail.
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Dislikedmr pip, what makes the prz of a bat succeed more than any of the other complex pattern PRZs?Ignored
DislikedHi Mr Pip,
thank you for the answer to my previous question given way back in post #730. The confluence of 'structure', the 38.2 fib and the exhaustion of the 161 extension I now see as all giving weight, or validity, to point 3 being a very good PRZ. In fact I didn't intially see that exhaustion.
That exhaustion of price I feel is particulary revelant to a statement you made regarding no-one talking about PA in the PRZ back in post 1695.
To point out, the now obvious, price moved down but was rejected from that area, hence the tail. The following...Ignored
DislikedHope youve been having a great time!
Heres one i was wondering about. It seems PRZs are just where price reacts. Will it bounce or pierce it, most of the time. Is there an edge? Thats the problem ive had with resistance/support. It seems some PRZs repel price more readily (the complex patterns). I was wondering whether i should short this, whether i should buy assuming it would go through (there was incomplete ab = cd, maybe it was just pausing in the PRZ resistance? the wave hadn't completed yet! )
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DislikedI'm sorry but I am not following what you are trying to do here. What you call noise is price action as well.Ignored
DislikedWow, price slid right through this PRZ. Im quite sure not all PRZs are equal, there must have been a larger harmonic pulse that hadnt completed yet.
PRZ reason: AB = CD, 161.8% AB extension, 61.8% , structure.
Ill bet it will test the prz and then keep going down. unless the prz isnt really a prz, did i do this right mr pip (i guess i didnt use a dominant main swing for the AB = CD though, so its weaker) ? maybe that aggressive C sell will pay off . need to learn about price action in prz. night traders!
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DislikedHi,
I am trying out a (X) tick chart this morning on the EURUSD and was wondering if this is a Gartley pattern which is attached. Obviously the start of the chart was the beginning of this week. Also, I am not sure what each candlestick represents on this chart. Is there anyone on this forum who would be kind enough to help me out? The platform isn't metatrader.
Many thanks, cheers YmmitIgnored
DislikedAgain left the trade to early this aggressive C sell
As Mr Pip has stated price has a tendency to slow down when approaching projected price target
That's when the ride can get a bit hairy - I still worry to much that market could take back pips in bag and projection will not be reached entirely
Well - we are learning stillIgnored
DislikedMy only concern would be the 38% to BE would only give you a few pips. And perhaps Mr Pip would verify if the XA is not further down to the left of chart. I'm still learning too so I expect to be corrected. But these examples are good practice to examine. Thanks.Ignored
DislikedMr Pip and others,
Is there a formula I could manually use to create a smooth equity curve. As I trade I am also trying to level out my curve. The Pdf don't really explian a step by step on creating one. Is there a spreadsheet or something I could input income and based off the income it calculate what position size(lot), you should use to create the curve? Thanks everyoneIgnored
DislikedHeres a trade that i accidently set the sl to 1 pip and got stopped out. woops A nested butterfly and a larger gartley, GBPJPY. Very nice RR ratio! Maybe thats because i set the sl to 2 pips above X, but it was a large gartley pattern (so would've shown up on a larger timeframe, and thus needed a larger sl above X)?
Here you go!
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DislikedThe rules are ten pips above X this will save your psoition on a spike or false break of XIgnored
DislikedI was trying to relate the lengths of swings to each other, seeing that they are in fib ratios. I was wondering at what point a swing became invalidated (it is not harmonically related to current price action).Ignored
DislikedThank you for looking into this C sell Mr Pip
Clearly I misjudged the bounce - got to worried this was the bottom and decided to bag pips while I was ahead.
So I need to work on my trust in pattern completion and price projectment - in fact it ended up at D just as predicted at time of C sell - minus 1 single pip.
Managed to catch most of the bounce up though when clear where D were - bagged another 43 pips on the rebound - and this time following your rules on SL as I also did on the way down. Bagged plenty pips but also missed to many...Ignored
DislikedYou didn't take the time to find the proper PRZ. You were on the right track. The PRZ is not a specific ratio. The original swing did not even get to the 38% it only got to the 23% Harmonics are based on equal distance move most of the time this puts thr PRZ well below the 161. The PRZ is the confluence of element that come together in a specific area. Look at my chart and tell me where you went wrong. This wan a nice 25 PIP possibility.Ignored
DislikedYou are not trading a 1 min pattern even though its on the 1 min chart. If you were trading that pattern your stop needed to be larger. What was your profit target? Was your RR in proportion?Ignored