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"Ratios & Harmonics: a Different Way to Trade." Summary 37 replies

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Ratios & Harmonics: a Different Way to Trade

  • #121
  • Dec 27, 2012 9:26pm Dec 27, 2012 9:26pm
Quoting Mr. Pip
Yes D will complete the ABCD and the Gartley I already posted the chart. What will invalidate this premise? What will have to happen to validate our analysis? Anyone want to take a shot at it?
Hey Mr PIP,
A close above the 78fib would invalidate the pattern. The question is on what time frame does that close have to be on?
Barry
  • #122
  • Dec 27, 2012 9:30pm Dec 27, 2012 9:30pm
Folks I know we are all excited and want to start trading these already but we are not there yet. We have all experience levels here and I need to make sure we all understand the principles and concept. It can be easy to force patterns into price action. This is why we must identify the proper swings.


It’s getting late here and I’m a bit worn out. Tomorrow we will discuss ratios and swings. I wanted to cover this tonight but ran out of time. Please keep the questions coming but I want to focus on swings and ratios tomorrow then confluence and its power.

Good night!
If you fail to plan, you plan to fail.
  • #123
  • Dec 27, 2012 9:32pm Dec 27, 2012 9:32pm
My baby 1st bat. (I could be wrong)
From what I've been reading this is rather bullish pattern D possible resumption of UP trend.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 28 KB
In trading, you have to be defensive and aggressive at the same time
  • #124
  • Dec 27, 2012 9:37pm Dec 27, 2012 9:37pm
Quoting Bary
Hey Mr PIP,
A close above the 78fib would invalidate the pattern. The question is on what time frame does that close have to be on?
Hey Bary what's up? Close and it would be the 61.8 if that holds we are looking at a Gartley in the other direction.
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD (60 Min) 12_27_2012.jpg Size: 103 KB
If you fail to plan, you plan to fail.
  • #125
  • Dec 27, 2012 9:43pm Dec 27, 2012 9:43pm
Quoting Davit
My baby 1st bat. (I could be wrong)
From what I've been reading this is rather bullish pattern D possible resumption of UP trend.
Hey Bud, Not quite review my earlier posted chart. your X is in the wrong place. Find the main swing.
If you fail to plan, you plan to fail.
  • #126
  • Dec 27, 2012 10:26pm Dec 27, 2012 10:26pm
Quoting Mr. Pip
Hey Bud, Not quite review my earlier posted chart. your X is in the wrong place. Find the main swing.
Thanks bro for taking your time.
I corrected my error and I assume the reason you chose X at 3157 because it was lowest point plus connecting highest recent 3306.Correct?
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 31 KB
In trading, you have to be defensive and aggressive at the same time
  • #127
  • Dec 27, 2012 11:26pm Dec 27, 2012 11:26pm
Quoting zola320
My X was wrong I corrected it.. when I was drawing the pattern I was not on full screen so I have not seen the higher high....
New lesson learned always draw in full screen

Thank you Mr Pip, very useful.
What you do is a reflection of you....what I do is a reflection of me.
  • #128
  • Dec 27, 2012 11:52pm Dec 27, 2012 11:52pm
I am referring to post # 43 where you explained dominant swing.

Quoting Mr. Pip
Which chart are you refering to? Please help me ot so I can help you which post number.
  • #129
  • Dec 28, 2012 3:42am Dec 28, 2012 3:42am
EU H1 : is it AB=CD and PRZ is @1.3170/78 ?
Attached Image (click to enlarge)
Click to Enlarge Name: H1.JPG Size: 97 KB
Dangdut is a music of my country
  • #130
  • Dec 28, 2012 3:59am Dec 28, 2012 3:59am
no support found we need watch 1.3170 - 13160 zone
  • #131
  • Dec 28, 2012 4:42am Dec 28, 2012 4:42am
The Eur Gartley Pattern worked out well. I'm really looking forward to learning the patterns based on what I've seen so far.
Attached Image (click to enlarge)
Click to Enlarge Name: eur gartley 1hr 28.12.12.jpg Size: 106 KB
  • #132
  • Dec 28, 2012 4:49am Dec 28, 2012 4:49am
Price made it to PRZ. Now we look for a buy.
I will be looking at M5 and maybe even M1 for price rejection, cndl pattern, or retest of low.

Went long PA on M5 showing me rejection.
Sl below PRZ. TP fib 61.8 of AD leg. move sl to be at fib 38
Attached Image(s) (click to enlarge)
Click to Enlarge Name: euh1.gif Size: 23 KB
Click to Enlarge Name: euentry.gif Size: 16 KB
Barry
  • #133
  • Dec 28, 2012 5:24am Dec 28, 2012 5:24am
Am I correct in saying that we currently have a bullish Gartley on EU?

EDIT:
http://content.screencast.com/users/...12-28_1132.png
  • #134
  • Dec 28, 2012 5:54am Dec 28, 2012 5:54am
Mr. Pip can you please upload the downloaded version of the harmonics and fibs video you posted on page 1, i am unable to view it like this... will really appreciate.

Anyone can do that , will be great.


regards,
  • #135
  • Dec 28, 2012 5:58am Dec 28, 2012 5:58am
Quoting alij79
Mr. Pip can you please upload the downloaded version of the harmonics and fibs video you posted on page 1, i am unable to view it like this... will really appreciate.

Anyone can do that , will be great.


regards,

I believe this it the video. It was uploaded on youtube so you should be able to view it there if not in the thread.

(http://www.youtube.com/watch?v=6SvcmyIkmtM)
  • #136
  • Dec 28, 2012 6:00am Dec 28, 2012 6:00am
youtube is not opened in our country, so will appreciate anyone can upload it over here or send me anyother link other then youtube.


Quoting Rexz
I believe this it the video. It was uploaded on youtube so you should be able to view it there if not in the thread.

http://www.youtube.com/watch?v=6SvcmyIkmtM
  • #137
  • Dec 28, 2012 6:12am Dec 28, 2012 6:12am
Quoting Bary
Price made it to PRZ. Now we look for a buy.
I will be looking at M5 and maybe even M1 for price rejection, cndl pattern, or retest of low.

Went long PA on M5 showing me rejection.
Sl below PRZ. TP fib 61.8 of AD leg. move sl to be at fib 38
Because of the strength of the move down to the PRZ and weak bullish price action I'm tightening my SL. I also went in with a small position, it is Fri. you know.
Barry
  • #138
  • Dec 28, 2012 6:40am Dec 28, 2012 6:40am
am In mr. PIP
aniway...
1. what is best time frame for harmonic ?
2. prz is an area which we talk about price level.. what about timing ? personally.. to reduce false level i use bolinger to confirm double top/bottom within PRZ..anyone has another idea for this ?

tq
not euphoria follower
  • #139
  • Dec 28, 2012 6:50am Dec 28, 2012 6:50am
Quoting iqyu5an
am In mr. PIP
aniway...
1. what is best time frame for harmonic ?
2. prz is an area which we talk about price level.. what about timing ? personally.. to reduce false level i use bolinger to confirm double top/bottom within PRZ..anyone has another idea for this ?

tq
hello bro, welcome to this thread
looks like the best tf for harmonic is H1
Dangdut is a music of my country
  • #140
  • Dec 28, 2012 7:07am Dec 28, 2012 7:07am
Quoting Davit
Thanks bro for taking your time.
I corrected my error and I assume the reason you chose X at 3157 because it was lowest point plus connecting highest recent 3306.Correct?
If you fail to plan, you plan to fail.
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