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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

  • #32,001
  • Edited 5:45pm Sep 29, 2017 5:20pm | Edited 5:45pm
Quoting parviz1953
{quote} I have added ,the last comment you made on my question on live session, as a new paragraph at the end ... Edited version: {image}
Hi parviz1953 (and other traders).
I'm happy that the rules are of help.
If I had known it would become a PDF attachment in the thread I would have put some more work in it
Please note that I just posted the rules that I wrote down for myself to take the series of 20 trades that I did and posted in the thread.
It was never my intention to post those trading rules, until you specifically asked me to.
The list of rules is heavily (if not completely) based on Mr. Pip's method, but it doesn't reflect Mr. Pip's method in its entirety, nor is it intended to be some kind of step by step manual.
It's not a complete trade plan either.
Just some rules that I myself needed to remember so I would not violate them.
Just wanted to make that clear
Grtz Peter
  • #32,002
  • Sep 29, 2017 5:39pm Sep 29, 2017 5:39pm
Quoting Aluunatic
1st full month of trading finally seeing some tangible growth to my account(july was my first month live and it was disastrous to say the least, and i was on a overseas business for 2 weeks in Aug and couldn't really trade much) and finally could focus 1 full month on what i love best and it's all thanks to Mr pip and his method {image}
Great result Aluunatic
I will never forget your second live trading day
All seems to be going well now
  • #32,003
  • Sep 29, 2017 7:38pm Sep 29, 2017 7:38pm
Hello Traders, Sorry for the delay, got busy with family. Here is the live stream recording hope you all enjoy it.

https://youtu.be/wyOCZBDXbe0
If you fail to plan, you plan to fail.
  • #32,004
  • Sep 30, 2017 3:42pm Sep 30, 2017 3:42pm
Quoting Mr. Pip
{quote} Sure I will go over it at the beginning of the stream.
Thank you for the video and detailed answer to my question! It really shows me how much I need to gain experience.
Wow! I've got some experience to gain.
  • #32,005
  • Sep 30, 2017 4:30pm Sep 30, 2017 4:30pm
Quoting Lawnman
{quote} Thank you for the video and detailed answer to my question! It really shows me how much I need to gain experience.
You'll get there my friend. Just keep stepping.
If you fail to plan, you plan to fail.
  • #32,006
  • Oct 1, 2017 2:11am Oct 1, 2017 2:11am
Quoting Mr. Pip
Hello Traders, Sorry for the delay, got busy with family. Here is the live stream recording hope you all enjoy it. https://youtu.be/wyOCZBDXbe0
The livestream adds great value to learning your system Mr.Pip thanks for taking the time!
  • #32,007
  • Oct 1, 2017 5:09am Oct 1, 2017 5:09am
Quoting Mr. Pip
{quote} You'll get there my friend. Just keep stepping.
hy mr Pip i asked you on the livestream if all your trading is the ABCD and you said that yes but i see that u don't trade it in the traditional way meaning waiting for D point to complete and then to make a trade ...u take the trade at C and exit at D?
  • #32,008
  • Oct 1, 2017 5:51am Oct 1, 2017 5:51am
Quoting vladutz112
{quote} hy mr Pip i asked you on the livestream if all your trading is the ABCD and you said that yes but i see that u don't trade it in the traditional way meaning waiting for D point to complete and then to make a trade ...u take the trade at C and exit at D?
I do both but mostly aggressive C it's a much better setup. I enjoy the D entry when it's part of a complex correction and that D becomes the aggressive C buy or sell of something larger. I really like that confluence in my case building.
If you fail to plan, you plan to fail.
  • #32,009
  • Oct 1, 2017 6:07am Oct 1, 2017 6:07am
Quoting Mr. Pip
{quote} I do both but mostly aggressive C it's a much better setup. I enjoy the D entry when it's part of a complex correction and that D becomes the aggressive C buy or sell of something larger. I really like that confluence in my case building.
i trade only the traditional ABCD i need to learn to trade the C also i don't know why it seems much harder hehe

Quoting Mr. Pip
{quote} I do both but mostly aggressive C it's a much better setup. I enjoy the D entry when it's part of a complex correction and that D becomes the aggressive C buy or sell of something larger. I really like that confluence in my case building.
one of my problems is that i don't know if i'm trading an impulse or a retracement..do u have any videos on that?

it seems that the market is so fractal that any impulse is also a retracement at the same time
  • #32,010
  • Oct 1, 2017 3:10pm Oct 1, 2017 3:10pm
Hi Mr Pip and everyone else,

I want to get your opinion on MT4 harmonic scanner indicators, I have been testing out a couple and I have noticed that a majority some of them have their own slight variation of the fibo ratio, should I just stick to what Scott Carney has pointed out or are the variations okay?
  • #32,011
  • Oct 2, 2017 2:19am Oct 2, 2017 2:19am
https://www.youtube.com/watch?v=MbsF8pY0Au4
  • #32,012
  • Oct 2, 2017 2:27am Oct 2, 2017 2:27am
USDJPY Analysis

Intraday: NSH

- Price made a weak NSH at market open
- Harmonic completion in the same area

Expectation: Would like price to correct deeper for an entry. Will wait to see what the bears do

Long term: NSH

- Market is overall bullish
- Confluence between intraday and long term
- Will go with intraday expectations
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: usdjpy 021017 15m.JPG Size: 104 KB
  • #32,013
  • Oct 2, 2017 2:54am Oct 2, 2017 2:54am
Hello,

Intraday view of EUR/USD.

We made 1:1 harmonic to the down side so will be looking for correction back to 61.8 zone to make a short.
Attached Image (click to enlarge)
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  • #32,014
  • Oct 2, 2017 6:10am Oct 2, 2017 6:10am
Going for short after nice bearish candle. What do you think guys is it a good trade?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD (233 Tick) 2.png Size: 49 KB
  • #32,015
  • Oct 2, 2017 7:43am Oct 2, 2017 7:43am
Quoting vladutz112
{quote} i trade only the traditional ABCD i need to learn to trade the C also i don't know why it seems much harder hehe {quote} one of my problems is that i don't know if i'm trading an impulse or a retracement..do u have any videos on that? it seems that the market is so fractal that any impulse is also a retracement at the same time
The impulse leg is the one that take you into the expectation of the NSH or NSL on the chosen order flow you are trading. That may very well be a correction to the longer term order flow which is why it is so important to identify and stay true to the order flow you are looking to trade and not mix them up.
If you fail to plan, you plan to fail.
  • #32,016
  • Oct 2, 2017 7:44am Oct 2, 2017 7:44am
Patience is Key...Locked in +10
USDJPY
Traded the expectation
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-m5-international-capital-markets.png Size: 42 KB
  • #32,017
  • Oct 2, 2017 7:45am Oct 2, 2017 7:45am
Quoting mikforfac
Hi Mr Pip and everyone else, I want to get your opinion on MT4 harmonic scanner indicators, I have been testing out a couple and I have noticed that a majority some of them have their own slight variation of the fibo ratio, should I just stick to what Scott Carney has pointed out or are the variations okay?
I would stick to the one created by Scott Carney he is the source to these Harmonic Patterns
If you fail to plan, you plan to fail.
  • #32,018
  • Oct 2, 2017 7:50am Oct 2, 2017 7:50am
Ok i read it badly. Seems i enter direct in to the exhaustion of the long term am i right?

What now? Long term still NSL, short term we see NSH. And this is the spot where i'm confused which term to trade now :|

Any tip?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD (233 Tick) 3.png Size: 47 KB
  • #32,019
  • Oct 2, 2017 8:06am Oct 2, 2017 8:06am
Quoting Mr. Pip
{quote} The impulse leg is the one that take you into the expectation of the NSH or NSL on the chosen order flow you are trading. That may very well be a correction to the longer term order flow which is why it is so important to identify and stay true to the order flow you are looking to trade and not mix them up.
that makes sense i guess i just want to trade all orderflows in the same time or i'm too scared of not losing and i check all posibilities instead of just going with the flow
  • #32,020
  • Oct 2, 2017 8:17am Oct 2, 2017 8:17am
Quoting ltupower
Ok i read it badly. Seems i enter direct in to the exhaustion of the long term am i right? What now? Long term still NSL, short term we see NSH. And this is the spot where i'm confused which term to trade now :| Any tip? {image}
stick to your own rules of trading, avoid trading on tips b/c you don't know other trader reasons to enter or exit the trade. I can only show you my chart with potential reversal zones (PRZ) where I would be interested to enter long again.
Attached Image (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
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