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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

  • #31,821
  • Sep 26, 2017 11:22am Sep 26, 2017 11:22am
Quoting Mr. Pip
Friday is the live stream the only way you should miss it is if you are dead lol.
Can't wait!!!
Markets can remain irrational longer than you can remain solvent - JMK
  • #31,822
  • Sep 26, 2017 11:28am Sep 26, 2017 11:28am
Quoting knickalls
Would someone be so kind as to provide a pointer as to how to participate in the Friday Live Stream? I've searched and so far only found mention of it, but not how to connect. Thanks! knickalls
I will post the link here Friday morning 9:00 am EST

you can also subscribe to my channel and you will get notifications
If you fail to plan, you plan to fail.
  • #31,823
  • Sep 26, 2017 12:11pm Sep 26, 2017 12:11pm
Hello everyone,

Simple question, is this bearish candle enough to get in for the short or we should wait for the bigger one?
And did i identify the "zone" correctly?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD (233 Tick) 2017_09_26.png Size: 50 KB
  • #31,824
  • Edited 12:59pm Sep 26, 2017 12:33pm | Edited 12:59pm
Quoting ltupower
Hello everyone, Simple question, is this bearish candle enough to get in for the short or we should wait for the bigger one? And did i identify the "zone" correctly? {image}
Hi i think , long term exhaustion of harmonics has reached and i expect a correction to the bull side, i believe it will be a medium to deep one.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD M5.PNG Size: 40 KB

And to have a better long term view for my expectation : This is a 30 minute chart with the harmonics drawn, and the fibo
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD M30.PNG Size: 43 KB

And 4H chart with the a channel drawn ,for those who may believe in channel movement of price....?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD H4.PNG Size: 50 KB
  • #31,825
  • Sep 26, 2017 1:08pm Sep 26, 2017 1:08pm
Quoting parviz1953
{quote} Hi i think , long term exhaustion of harmonics has reached and i expect a correction to the bull side, i believe it will be a medium to deep one. {image} And to have a better long term view for my expectation : This is a 30 minute chart with the harmonics drawn, and the fibo {image} And 4H chart with the a channel drawn ,for those who may believe in channel movement of price....? {image}
Ok didn't check long term. But can we accept that candle as reversal if there wasn't exhaustion of the long term.
  • #31,826
  • Sep 26, 2017 1:11pm Sep 26, 2017 1:11pm
And one more question.

Is this entry for short would be ok? ABCD completed of the short term and I see a good rotation candle.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY (233 Tick) 2017_09_26.png Size: 58 KB
  • #31,827
  • Sep 26, 2017 1:29pm Sep 26, 2017 1:29pm
Quoting ltupower
And one more question. Is this entry for short would be ok? ABCD completed of the short term and I see a good rotation candle. {image}
Oh , i am still a novice in PA and candle reading , but there are very nice videos by Mr. Damian on both , ABCD , and BAR to BAR .watch them ,i believe it will answer all of your questions.
  • #31,828
  • Sep 26, 2017 2:28pm Sep 26, 2017 2:28pm
Quoting ltupower
And one more question. Is this entry for short would be ok? ABCD completed of the short term and I see a good rotation candle. {image}
Just wish to inform you that Mr. Pip does not use the term reversal.

With respect to your chart example, I would be very carefull to enter short here. Why: look at the momemtum of your AB-CD legs (price acceleration; close to zero depth /correction; on the second leg there is no bears action,....) Moreover, in the area where the bears should have started at to enter with steam=> look at the price rejection (candle spike upwards). Lastly, through the "spike", we broke structure to the upside.

PS: I copied your chart in order to make the read easier. Hope it is ok for you.

If somebody does not agree with my view, please feel free to comment.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY (233 Tick) 2017_09_26.png Size: 58 KB
  • #31,829
  • Sep 27, 2017 12:40am Sep 27, 2017 12:40am
Quoting evocpr19
{quote} Just wish to inform you that Mr. Pip does not use the term reversal. With respect to your chart example, I would be very carefull to enter short here. Why: look at the momemtum of your AB-CD legs (price acceleration; close to zero depth /correction; on the second leg there is no bears action,....) Moreover, in the area where the bears should have started at to enter with steam=> look at the price rejection (candle spike upwards). Lastly, through the "spike", we broke structure to the upside. PS: I copied your chart in order to make the read...
Thanks for reply. Just wanted to hear opinion of others. In last Mr. Pip video he told that we miss a lot of possible trades if we look at momentum, acceleration. We can find a lot of reasons not to take trade if you look for a long time in to chart. Especially when in this chart we can see how it ends..

Anyway i'm almost one year since i follow this thread, i saw all Mr. Pip videos but still something missing. I back tested hundreds of trades in Forex and in a long run i always end unprofitable. Decided to post each day the trades which i would take and hope with your help guys to find my misstakes. Made a challenge with my self to become a profitable trader till my 30 birthday (2018 July) if not bury this "trader dream" somewhere in my back yard.. Good look everyone
  • #31,830
  • Sep 27, 2017 1:52am Sep 27, 2017 1:52am
https://www.youtube.com/watch?v=UzGLnHoUR-8&pbjreload=10
  • #31,831
  • Sep 27, 2017 2:28am Sep 27, 2017 2:28am
Quoting Mr. Pip
Friday is the live stream the only way you should miss it is if you are dead lol.

Hopefully my speaker decides to cooperate with me this time
  • #31,832
  • Sep 27, 2017 2:28am Sep 27, 2017 2:28am
Quoting Mr. Pip
{quote} I will post the link here Friday morning 9:00 am EST you can also subscribe to my channel and you will get notifications
Hey Mr pip, I was watching your videos again, really like them!
But I see you use more of a trailling stop (38,2 fib or 50% fib, to actively manage the trade) , did you find this more profitable, locking in some pips and shooting for 'more' extended targets? I personally do use a 1:1 harmonic (move) currently, and really like it. But just out of curiosity.

You really are the pip master.

Thanks in advance mate!
"Luck is when opportunity meets preparation"
  • #31,833
  • Sep 27, 2017 2:44am Sep 27, 2017 2:44am
USDJPY Analysis

Intraday: NSH

- Price made a NSH a few minutes after the market opened

Expectation: Would like price to correct deep into my zone to enter. Let’s see what the market does.

Long term: NSH

- Market is overall bullish
- Confluence between intraday and long term
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdjpy 270917 5m.JPG Size: 100 KB
Click to Enlarge Name: usdjpy 270917 15m.JPG Size: 113 KB
  • #31,834
  • Sep 27, 2017 3:02am Sep 27, 2017 3:02am
Quoting Mr. Pip
Are you all enjoying the trades I post or is it kind of boring?
Keep posting, we are all learning from them!
Could you post some forex trades aswell, maybe on a demo?
A lot of people here trade forex aswell.. Might be helpful to look if we are all looking at the same charts etc?
Might be an idea, of course if you have the time and WANT to do it. Nothing forced here (;
"Luck is when opportunity meets preparation"
  • #31,835
  • Sep 27, 2017 3:08am Sep 27, 2017 3:08am
1M EURUSD
Medium term trend:
Went short at the open of the candle with the red arrow above it.
S/L above structure, around '719 level'ish
T/P: around '334 area
Currently trading only EURUSD on the 1M chart..
I believe that trading the 1m on medium term OF has a better R:R than trading all those short term swing ( immediate OF )..
Black line is prev. day low, good supply and demand zone + price struggled there before, so that was my area of interest.
The Projection was really good, so was quite hard to sit it out to the 50% level fib to be honest, but we made it.
Price gave somewhat of a decent rotation candle, meeting my rules for entry, with a 1,5:1 R:R, so that is also pretty good.
On demo I am actively trailing it, to see how far that would get me..

Projection: really good
Depth: increasing
momentum: increasing ever so slightly
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1 27-09.png Size: 23 KB
"Luck is when opportunity meets preparation"
  • #31,836
  • Sep 27, 2017 3:11am Sep 27, 2017 3:11am
Quoting Sheeep44
1M EURUSD Medium term trend: Went short at the open of the candle with the red arrow above it. S/L above structure, around '719 level'ish T/P: around '334 area Currently trading only EURUSD on the 1M chart.. I believe that trading the 1m on medium term OF has a better R:R than trading all those short term swing ( immediate OF ).. Black line is prev. day low, good supply and demand zone + price struggled there before, so that was my area of interest. The Projection was really good, so was quite hard to sit it out to the 50% level fib to be honest,...
Why did you go short at the red arrow
  • #31,837
  • Sep 27, 2017 3:19am Sep 27, 2017 3:19am
Quoting Mr. Pip
P/L update {image}
Were you trading from the 1597 tick? Or just using that chart for long term analysis?
Markets can remain irrational longer than you can remain solvent - JMK
  • #31,838
  • Sep 27, 2017 3:22am Sep 27, 2017 3:22am
Quoting RajD
{quote} Why did you go short at the red arrow
Sheep i'm still waiting for your answer

and can you post the chart in such a way that i can see what happened the previous day as well

thanks
  • #31,839
  • Sep 27, 2017 4:30am Sep 27, 2017 4:30am
Quoting RajD
{quote} Sheep i'm still waiting for your answer and can you post the chart in such a way that i can see what happened the previous day as well thanks
Yea of course mate.
Here a picture of the 5m chart, actually trade the 1M chart.
You can see the previous day low, coming right at my 50% fib + previous consolidation, got an entry candle and as you can see price just dumped almost immediately after that, giving me a pain free trade..

Hope this helps mate.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5 27-09(2).png Size: 30 KB
"Luck is when opportunity meets preparation"
  • #31,840
  • Sep 27, 2017 4:45am Sep 27, 2017 4:45am
Quoting Sheeep44
{quote} Yea of course mate. Here a picture of the 5m chart, actually trade the 1M chart. You can see the previous day low, coming right at my 50% fib + previous consolidation, got an entry candle and as you can see price just dumped almost immediately after that, giving me a pain free trade.. Hope this helps mate. {image}
Nice trade

Your clear swing is from 1.7807 to 1.71410

Draw the harmonic forward and that is where you can potentially put your profit target

Also look for the structure to the left to see if the harmonic and structure have confluence so you know that price will end there
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