Ratios & Harmonics: a Different Way to Trade | Page 1676 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

Learning to trade with harmonics 11 replies

Time for Change - Pivots & Harmonics to freedom 67 replies

180 reasons to trade Harmonics and Patterns 13 replies

Group Trading based on Elliott wave and Harmonics 0 replies

Attachments: Ratios & Harmonics: a Different Way to Trade
Exit Attachments

Ratios & Harmonics: a Different Way to Trade

  • #33,501
  • Oct 29, 2017 2:43pm Oct 29, 2017 2:43pm
Quoting mansan
Mr Pip , A big thank you for all you do for us... really appreciated. Still learning but I plan to be more active in this thread. PS: Sheep44 I am from Belgium(Limburg)
Haha nice buddy, if we stick around for a year, we should treat ourself on a traders night out
"Luck is when opportunity meets preparation"
  • #33,502
  • Oct 29, 2017 2:44pm Oct 29, 2017 2:44pm
Quoting photize
{quote} Oh well just to add my 2 pence LIMBURG lol in Maastricht Happy pips maybe we should start a local club
A friend of my studies in Maastricht, awesome!
"Luck is when opportunity meets preparation"
  • #33,503
  • Oct 29, 2017 2:45pm Oct 29, 2017 2:45pm
Quoting Mr. Pip
{quote} Thank you so much for the kinds words and feedback. It’s much appreciated! Now grap the market by the balls and squeeze the shit out of it.
Mr Pip, I was wondering the other day. What got you into Harmonic and Ratios, did you read about it or searched it on the web or did you found out yourself? Just curious, cause it is a really good system!
"Luck is when opportunity meets preparation"
  • #33,504
  • Oct 29, 2017 3:51pm Oct 29, 2017 3:51pm
Quoting ckh626
Index mini's like ES, NQ, YM have intraday margin in a lot of brokers of about $500 or $1000, so if you have a small account, you can still trade intraday. my broker requiresi 2x intraday margin to use OCO though.
Sorry to thread-jack but what broker do you use? I am searching for a broker that offers OCO/OTO orderes but they all seem to be scammers.....
  • #33,505
  • Oct 29, 2017 4:10pm Oct 29, 2017 4:10pm
Quoting photize
{quote} Oh well just to add my 2 pence LIMBURG lol in Maastricht Happy pips maybe we should start a local club
Haha I never expected so many traders of this thread so nearby
  • #33,506
  • Oct 29, 2017 4:39pm Oct 29, 2017 4:39pm
Quoting Sheeep44
{quote} How is your trading going mate?
So far so good, thank you for asking. Also, I have a lot of fun reading posts here.

[quote=Sheeep44;10435054]{quote} Haha I kinda learned it myself I guess
Hopefully, you soon invent the wheel....Kidding aside stay hungry for the knowledge, IMO you are another 'young gun' posting here who can have a lot of success in near future. Good luck.
Always trade your own plan...I don't provide trading signals.
  • #33,507
  • Oct 29, 2017 5:29pm Oct 29, 2017 5:29pm
Quoting Sheeep44
{quote} Mr Pip, I was wondering the other day. What got you into Harmonic and Ratios, did you read about it or searched it on the web or did you found out yourself? Just curious, cause it is a really good system!
I was studying from Scott Carney’s work and traded the patterns and then when I decided I wanted to trade intraday and not be exposed for long periods of time, I grabbed the ABCD concept and made it my baby. I then knew indicator have not and do not work for me so then I went on and endless path of mastering price action and price movement. It was a work in progress for a long time but the results have completely changed my life and now I’m doing what no one did for me pay it forward and change as many lives as I can.
If you fail to plan, you plan to fail.
  • #33,508
  • Oct 29, 2017 7:01pm Oct 29, 2017 7:01pm
Quoting evocpr19
Short question to all. In US do you change the time to winter times on coming Sunday (1hour back)?
Mr. Pip answered already, but its not until next week (Nov 5).
Wow! I've got some experience to gain.
  • #33,509
  • Oct 30, 2017 1:24am Oct 30, 2017 1:24am
https://www.youtube.com/watch?v=ABtfWytqBzc
  • #33,510
  • Oct 30, 2017 1:46am Oct 30, 2017 1:46am
USDJPY Analysis

Intraday: NSL

- Price made a NSL at 0400 GMT
- 3 medium harmonics completed in the NSL area

Expectation: Too early to make a decision. This could be the end of the bears. Large harmonic completed in the NSL zone as well. Would expect the bulls to come in, however, expectation is still a NSL until it’s broken. Will wait to see what price does

Longterm: NSH

- Market is overall bullish and is retracing from the 78.6 Fib in the longterm
- Will see if there might be a confluence between intraday and long term
- Will go with intraday expectations for now
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdjpy 301017 5m.JPG Size: 103 KB
Click to Enlarge Name: usdjpy 301017 15m.JPG Size: 118 KB
  • #33,511
  • Oct 30, 2017 1:55am Oct 30, 2017 1:55am
Quoting PeterT
{quote} Haha I never expected so many traders of this thread so nearby
Well you can add another one to the list i also live in the Netherlands nice to see so many traders nearby
  • #33,512
  • Oct 30, 2017 3:26am Oct 30, 2017 3:26am
Quoting civo
{quote} Well you can add another one to the list i also live in the Netherlands nice to see so many traders nearby
Fantastic!
  • #33,513
  • Oct 30, 2017 4:36am Oct 30, 2017 4:36am
Hello,

Not the best start of the week

1. Trade -14. Expectation failure of the yellow swing. Had slow retrace in to the zone, depth was decreasing of the bulls on immediate flow so took short.
2. Trade -5. After expectation failure was expecting deep correction had small immediate harmonic completion so tried to trade correction and it failed.

Now waiting for price to correct somewhere in to 61.8 to get long.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD (233 Tick) 1.png Size: 61 KB
  • #33,514
  • Oct 30, 2017 4:43am Oct 30, 2017 4:43am
EUR USD 5M long

- projection - increase
- momentum increase
-demand zone for buy opportunity around 38.2 fib area
- waiting for rotation candle around demand area
Attached Image (click to enlarge)
Click to Enlarge Name: EUR USD 5M.PNG Size: 55 KB
  • #33,515
  • Oct 30, 2017 4:49am Oct 30, 2017 4:49am
Quoting Mr. Pip
{quote} That was a complex correction to retest the low with the expectation being a NSH. I always like to see a harmonic move in a complex correction and look for the entry around their completion area. I do not trade that pattern as it is the immediate order flow which I use to help time my enterneces and to asses trade progression. I trade the intraday expectation or in some cases the longer term depending on how liquid the market is.
I'm still a bit confused as @ 126.10 you have mentioned that the green line is the main swing and price has closed below this area. If price made a complex correction and did not breach the low then I see that price should be headed up, however in this instance it has closed below.

I'm comparing the trade you mentioned earlier in the video (refer 2nd chart -circled red) where you had entered short with the expectation of a deep correction. Both chart appears to be the same where previous high or low being breached with expectation of a deep correction. I understood what you had done on the second chart but not the first chart? Trying to understand why the expectation is for a NSH but not a NSL?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: QUESTION 1.png Size: 216 KB
Click to Enlarge Name: QUESTION 2.PNG Size: 198 KB
  • #33,516
  • Oct 30, 2017 6:20am Oct 30, 2017 6:20am
UJ, SHORT setup

OrderFlow is getting weaker, expect to retrace deeper to 0.618~0.786 zone, need a better risk reward to take this trade.
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-10-30 at 19-17-07.png Size: 31 KB
  • #33,517
  • Oct 30, 2017 6:27am Oct 30, 2017 6:27am
Quoting civo
{quote} Well you can add another one to the list i also live in the Netherlands nice to see so many traders nearby
Hey guys, I also live in the Netherlands. I’m going live this week with real money. I have tested over 700 trades on the Eurostoxx50 and I can confirm that Damians system also has an 70% hitrate on the Eurostoxx and probably also on the other European indices
  • #33,518
  • Oct 30, 2017 6:34am Oct 30, 2017 6:34am
EU, LONG setup,

Orderflow stronger, expect it to retrace to fibo 50% area with structure.
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-10-30 at 19-32-58.png Size: 32 KB
  • #33,519
  • Oct 30, 2017 6:46am Oct 30, 2017 6:46am
Quoting lithium1
UJ, SHORT setup OrderFlow is getting weaker, expect to retrace deeper to 0.618~0.786 zone, need a better risk reward to take this trade. {image}
UJ, SHORT, Enter half position first.
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-10-30 at 19-45-21.png Size: 31 KB
  • #33,520
  • Oct 30, 2017 6:54am Oct 30, 2017 6:54am
Quoting lithium1
{quote} UJ, SHORT, Enter half position first. {image}
UJ, Entered 2nd position.
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-10-30 at 19-53-33.png Size: 32 KB
121 traders viewing now