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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

  • #31,401
  • Sep 1, 2017 8:21am Sep 1, 2017 8:21am
Quoting PeterT
{quote} My personal opinion (and also experience so far) is that the immediate orderflow only tells you something about the immediate orderflow, and nothing about the higher orderflows. Of course a larger orderflow change will begin in the smallest orderflow, but the immediate can show many orderflow changes while nothing happens to the larger orderflow. I don't think I put a lot (if any) of value on information of the immediate orderflow, unless I am trading that orderflow. I certainly don't think that immediate orderflow can predict a large move...
True on the large candle going down...But it did indicate that price wasn't gonna go any higher. Thus that retest of the LH wasn't gonna happen. I could be wrong but will keep this in mind going forward

I'm gonna look at the immediate order flow more closely

I honestly just wanna improve my entries. My exits are my harmonic lines

Anyways, have a good weekend
  • #31,402
  • Sep 1, 2017 8:51am Sep 1, 2017 8:51am
Quoting KensTrader
+30 And took another short {image}
Taken out at BE +3
Looking for another short
  • #31,403
  • Sep 1, 2017 8:57am Sep 1, 2017 8:57am
Quoting RajD
{quote} True on the large candle going down...But it did indicate that price wasn't gonna go any higher. Thus that retest of the LH wasn't gonna happen. I could be wrong but will keep this in mind going forward I'm gonna look at the immediate order flow more closely I honestly just wanna improve my entries. My exits are my harmonic lines Anyways, have a good weekend
I've had bad experiences in the past with putting too much trust in immediate orderflow so I may have been overreacting a bit because of that.
I realized after posting that my bad experiences were because I was using it the wrong way.

In some cases and with enough confluence I agree you can use immediate OF to find a good entry.
Not that it really matters if I agree or not lol
You have a good weekend too :-)
  • #31,404
  • Sep 1, 2017 9:15am Sep 1, 2017 9:15am
Quoting KensTrader
{quote} Taken out at BE +3 Looking for another short
Missed my short while out of office.
That was a 1:1 completion and 61.8 test
Lets see if it goes back
It should get back to 78.8. If it doesn't then i will have missed it
  • #31,405
  • Sep 1, 2017 9:30am Sep 1, 2017 9:30am
Hello Mr. Pip
I am new to the forum, I have just posted as 4 comments only. I have seen almost all your videos and the work that you have done for us is magnificent. Thank you for the time and effort you have spent to give us such an education. I was in the last live video, I'm the Puerto Rican. I am a graduate architect and 1 year and a half ago I decided to enter the world of trading.

I made this pdf in illustrator to be clear where exactly the PRZ are and how to identify each harmonics. I made them 1 per page because I'm going to print them and have them glued to the wall where I have the computer. If you or someone sees some mistake in some harmonics please tell me. If you want, I can also put the logo of yours because this all your knowledge.

Another thing, I always answer later because every comment I make, the forum has to evaluate first and then they post it. I hope to be more active here little by little and to develop as a good trader.

Thanks for everything again! You're super.
Attached File(s)
File Type: pdf Harmonics.pdf   137 KB | 672 downloads
  • #31,406
  • Sep 1, 2017 9:39am Sep 1, 2017 9:39am
USDJPY
FXCM demo in Ninjatrader showing a 10 pip spike downwards.
While Forex.ee broker on MT4 not showing the spike.
Anyone else had a spike?
Any thoughts on that?
This is scary..

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Attached Image (click to enlarge)
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  • #31,407
  • Sep 1, 2017 9:46am Sep 1, 2017 9:46am
Quoting PeterT
USDJPY FXCM demo in Ninjatrader showing a 10 pip spike downwards. While Forex.ee broker on MT4 not showing the spike. Anyone else had a spike? Any thoughts on that? This is scary.. {image} {image}
Time frame factor Peter
The spike is on the M5 chart
The 233 Tick chart has another bar being extended
  • #31,408
  • Sep 1, 2017 9:47am Sep 1, 2017 9:47am
Quoting PeterT
USDJPY FXCM demo in Ninjatrader showing a 10 pip spike downwards. While Forex.ee broker on MT4 not showing the spike. Anyone else had a spike? Any thoughts on that? This is scary.. {image} {image}
I'm using MT4 with GKFX and I have no spike
  • #31,409
  • Sep 1, 2017 9:54am Sep 1, 2017 9:54am
Quoting KensTrader
{quote} Time frame factor Peter The spike is on the M5 chart The 233 Tick chart has another bar being extended
I don't understand what you mean Kens.
The spike is on the 233 tick chart and not on the 5M chart.
Both charts should show the same price levels being reached or am I missing something?
  • #31,410
  • Sep 1, 2017 9:55am Sep 1, 2017 9:55am
USDJPY Update:

Potential bearish Cypher. Already toch the PRZ
TP1: 38.8% of CD
TP2: 61.8% of CD
SL: Above X
Attached Image (click to enlarge)
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  • #31,411
  • Sep 1, 2017 9:57am Sep 1, 2017 9:57am
Quoting parviz1953
{quote} Hi Peter: I am sorry but did not get your points exactly . i have redrawn the chart with some text this time,( don't look at my trades), just see the lines ,there is clear main swing, and down on the chart a verified support area( green rectangle), from there (point C ) , the price swing started , with a very deep correction ended at 88.6% fib, plus a verified resistance area(red rectangle)above and exhaustion of the harrmonic ,point D (what Damian named SOS3) ,and there, is where the last down swing started which is going to fulfill my...
Hi:
An update on USDJPY H4:
After news fluctuation of price ,and a bearish flow, retest of the strong resistance area happened ,on correction(red rectangle),i have drawn two harmonic short term order flow , my expectation is NSL both in short and long term, i wait and see if it is going to work as i expected or not during the next week.
Wish all a very good weekend.
Attached Image (click to enlarge)
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  • #31,412
  • Sep 1, 2017 9:59am Sep 1, 2017 9:59am
Quoting PeterT
{quote} I don't understand what you mean Kens. The spike is on the 233 tick chart and not on the 5M chart. Both charts should show the same price levels being reached or am I missing something?
Check if price reached 109.562.
Thats what i have on the 5 min chart.
Which is the same as that of FXCM
  • #31,413
  • Sep 1, 2017 10:01am Sep 1, 2017 10:01am
Quoting Robadub
Hello Mr. Pip I am new to the forum, I have just posted as 4 comments only. I have seen almost all your videos and the work that you have done for us is magnificent. Thank you for the time and effort you have spent to give us such an education. I was in the last live video, I'm the Puerto Rican. I am a graduate architect and 1 year and a half ago I decided to enter the world of trading. I made this pdf in illustrator to be clear where exactly the PRZ are and how to identify each harmonics. I made them 1 per page because I'm going to print them and...
Nice work. No need to add my logo. I would trash the Cypher pattern. I have discussed it at length with Scott Carney and it is not a pattern that fits curtain harmonic principles.
If you fail to plan, you plan to fail.
  • #31,414
  • Sep 1, 2017 10:03am Sep 1, 2017 10:03am
Sorry Traders, I was on a Skype call helping our friend Luni out as I promised in the live stream. So I have not entered also have a case of the lazies today
If you fail to plan, you plan to fail.
  • #31,415
  • Sep 1, 2017 10:09am Sep 1, 2017 10:09am
Quoting KensTrader
{quote} Check if price reached 109.562. Thats what i have on the 5 min chart. Which is the same as that of FXCM
Kens we're talking different spikes :-)
This 10 pip spike I meant:
Attached Image (click to enlarge)
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  • #31,416
  • Sep 1, 2017 10:10am Sep 1, 2017 10:10am
Meantime long USDJPY for short term target 110.50
  • #31,417
  • Sep 1, 2017 10:37am Sep 1, 2017 10:37am
Quoting Mr. Pip
Sorry Traders, I was on a Skype call helping our friend Luni out as I promised in the live stream. So I have not entered also have a case of the lazies today
PA on YM was not nice (at least until I shut down my conputer to go home). You missed nothing. I made my points with NQ
  • #31,418
  • Sep 1, 2017 10:39am Sep 1, 2017 10:39am
Mr. Pip,
Since being on your live youtube this week, I've made 5 trades. 2 winners and 3 BEs for a total of 41 pips. Thank you for your time and all you do. It has given me some confidence to enter trades and manage them with better expectations. Lots to learn still but liking the direction so far!
  • #31,419
  • Sep 1, 2017 11:30am Sep 1, 2017 11:30am
Quoting PeterT
Meantime long USDJPY for short term target 110.50
Stopped out -16 pips
  • #31,420
  • Sep 1, 2017 1:33pm Sep 1, 2017 1:33pm
Quoting PeterT
{quote} Kens we're talking different spikes :-) This 10 pip spike I meant: {image}

This is what I have from my FXCM feed on TradeStation:
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