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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

  • #37,441
  • Feb 25, 2018 11:28am Feb 25, 2018 11:28am
Quoting HighGarden
{quote} lately i use m5 but dont have good profit because of spread, now im tryong to use h1, so take long time, i think will give better result im still newbie, and still strugling to identified correct X (anchor leg), anyone can give more example picture about this X?
watch Mr Pip’s youtube vids, do some research on your own and you will find plenty of examples brother.

about the results. Go backtest the hack out of your system. Atleast a couple months worth of data. I would say atleast 3 months with summer and end of the year months as well.
If you are completely new go to babypips.
"Luck is when opportunity meets preparation"
  • #37,442
  • Edited 12:59pm Feb 25, 2018 11:51am | Edited 12:59pm
Quoting Sheeep44
{quote} Do you have a specific trading plan or base your trades on cminbining short and longer term OF that are in line with overall PA. What is your winrate overall?
Do not really know what you want to know exactly.

I pay attention to long and short term OF and enter trades based on my plan.

Not absolutely clear what my stats will help you; Feb 18 was extrem superb for me, got several times huge swings, e.g. 06th Feb ended with +1048 ticks).

We should concentrate on trading, the numbers comes from alone when the trading is right.
  • #37,443
  • Feb 25, 2018 12:39pm Feb 25, 2018 12:39pm
Quoting pereiraalex
{quote} ... I feel that Evo and Mr. PIP can help you much more than me, but just want to help however I can !
Much appreciated, this interaction between traders is what it's all about isn't it!

Quoting pereiraalex
{quote} ... There is still the problem that lot of times, in immediate, it goes to 100% retreacement plus + pip more than my stop, and then goes completly my way. So .. what i try to notice now, its reaction in the zones, not just rotation candles. ..
What do you mean by 'reaction in the zones'?
One thing I can think of that stops me from taking a trade is (and this may be very obvious info to many) that if a large candle blows through the 61.8% level, you have a high probability of a very deep correction or failure of the expectation.
If the large candle stops at 61.8%, it may still be ok to proceed. But if it slices through the 61.8% it as if it's not there, there's strength behind it. I don't take those trades.
Don't know if that is an example of what you meant.
  • #37,444
  • Feb 25, 2018 12:47pm Feb 25, 2018 12:47pm
Quoting PeterT
{quote} Much appreciated, this interaction between traders is what it's all about isn't it! {quote} What do you mean by 'reaction in the zones'? One thing I can think of that stops me from taking a trade is (and this may be very obvious info to many) that if a large candle blows through the 61.8% level, you have a high probability of a very deep correction or failure of the expectation. If the large candle stops at 61.8%, it may still be ok to proceed. But if it slices through the 61.8% it as if it's not there, there's strength behind it. I don't...
Agree with the interaction, otherwise no reason to have a thread.

I think what pereiraalex means is e.g. does PA shows in the current leg weakness (e.g. price is climbing, are any signs of bears). When this is the second trading leg of a 1:1, can you notice any PA which weaken => important for the expectation of the correction,....Is at the exhaustion point structure,...
  • #37,445
  • Edited 1:24pm Feb 25, 2018 1:09pm | Edited 1:24pm
Quoting pereiraalex
{quote}Hope it helps, I feel that Evo and Mr. PIP can help you much more than me, but just want to help however I can !
This is completely wrong. YOU CAN HELP!!!!
Exchange is the key. We can agree and disagree on different specific points, but this is no reason to not say something. Look Peter disagreed with a view of me, I still life and I do not have a problem with it and/or with him.

I would really welcome also the silent readers to give their input. Maybe, one of them has a superb solution to a specific problem of somebody else.

Mr. Pip started here a superb thing and invested a lot of his time for nothing. He has no commercial interest or whatever. All were cheering when he said at the begin of the year to make this thread the best place... Now it is also our duty to do something to make this happen.
  • #37,446
  • Feb 25, 2018 1:40pm Feb 25, 2018 1:40pm
Quoting evocpr19
{quote} I would really welcome also the silent readers to give their input. Maybe, one of them has a superb solution to a specific problem of somebody else.
*breaking some silence...* I haven't posted on FF for years. Been trading on and off for a little over a decade. My trading could best be described as "some succes in between a lot of pain" (yes... That's Mark Douglas' quote from "Trading in the zone"). I don't really know how my input here could be of any value to anyone, just yet. I'm a silent reader/follower/apprentice for a while here now and really admire both your trading as well as Mr. Pip's trading.
This was the push i needed to give my first input on this thread.

Quoting evocpr19
{quote} Mr. Pip started here a superb thing and invested a lot of his time for nothing. He has no commercial interest or whatever. All were cheering when he said at the begin of the year to make this thread the best place... Now it is our duty to do something to make this happen.
Absolutely agree with this. I hugely believe that sharing=multiplying. In other words, by sharing your own time, effort, skills and such you will somehow get something back for it.

Just a very little personal note from me why i decided that trading is the right thing to do for me:
- I know it can be done, there are people doing it for a living and Mr. Pip is one of them and teaching us to how to fish.. Not giving us fish.
- Recently I've lost my father due to Alzheimer's, he was only 69, and a few weeks after his death my mother turned out to be terminal cancer patient, she's still alive but not sure for how long.
- Working in a factory and even though i have huge opportunities here, the points above made me realize i don't want to sell my soul to an environment that's just producing for someone else while giving me and my colleagues/employees lot's of stress.
- I have a three year old daughter, i don't want her to grow up with an overly stressed father who's put his energy in the things that in the long term aren't any good. When i look at her... I just realize i want to do all i can to be a healthy, relaxed father who can always be there for her.

Well... That's perhaps quite a heavy introduction, but i think it makes sense. Simply because i know what losing is. I know what a heartache is and i know money itself isn't important. It's a tool, but that's all. I don't dream of a new Mercedes or a mansion somewhere. I dream of being the father that i had to let go, and if there's any trading style that will let me do that, it's Damian's.

Thanks for reading this biography .

Thanks Damian for starting this wonderful thread. You make people's life better in more ways than you probably realize.
Ever tried. Ever failed. No matter. Try again. Fail again. Fail better
  • #37,447
  • Feb 25, 2018 2:12pm Feb 25, 2018 2:12pm
Thanks to evocpr19, Sheeep44, PipTrendz, and crixus for taking time out of their day to analyze a few of my trades from last week. Great comments, suggestions. Always educational to see how someone else viewed a chart.
  • #37,448
  • Feb 25, 2018 2:51pm Feb 25, 2018 2:51pm
Quoting pjotter
{quote} *breaking some silence...* I haven't posted on FF for years. ...
Very good decision to break the silence
Please keep posting. Don't think that your trades don't matter.
Your post might trigger someone else to post something.
A discussion about it may open other people's eyes.
It really doesn't matter if you're highly skilled or not.
There's always someone who can benefit from your contribution.

I'm truly sorry to hear such bad news about your parents. This must weigh very heavily on your shoulders..
I wish you a lot of strength.
And I wish you successful trading so you can be the father you want to be for your little girl
  • #37,449
  • Feb 25, 2018 5:37pm Feb 25, 2018 5:37pm
Dear Pjotter,
Please notice with only small difference I am with the same personell experience in my life recently.
I wish you all the Best with your tradingplan as your lifeplan- and maybee - who knows this talk we you and other great people here have, maybe Can moves us in the exact direction we dream of... it feels so
all the Best from me !
Are you profitable? I am not... yet...
  • #37,450
  • Edited 8:21pm Feb 25, 2018 7:47pm | Edited 8:21pm
Quoting Sheeep44
{quote} watch Mr Pip’s youtube vids, do some research on your own and you will find plenty of examples brother. about the results. Go backtest the hack out of your system. Atleast a couple months worth of data. I would say atleast 3 months with summer and end of the year months as well. If you are completely new go to babypips.
okay, will do.

base on my picture below, this is forcing pattern to price action?
or im correct to pick X?

i saw bullish crab below
Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDH1.png Size: 50 KB
  • #37,451
  • Feb 25, 2018 10:33pm Feb 25, 2018 10:33pm
Quoting Mr. Pip
{quote}

If I use 7 days of tick data on the 233t chart.... is that too much information? By the way... I am on a demo account. I don't know if a live account gives 7 days of tick data or not.
Luck has no place in trading. Leave that for the poker table.
  • #37,452
  • Feb 25, 2018 11:15pm Feb 25, 2018 11:15pm
Quoting PeterT
{quote} Very good decision to break the silence Please keep posting. Don't think that your trades don't matter. Your post might trigger someone else to post something. A discussion about it may open other people's eyes. It really doesn't matter if you're highly skilled or not. There's always someone who can benefit from your contribution. I'm truly sorry to hear such bad news about your parents. This must weigh very heavily on your shoulders.. I wish you a lot of strength. And I wish you successful trading so you can be the...
Thanks Peter,

For now, my trading itself might not be an inspiration for others yet. But that's exactly why i've posted something a bit more personal. Perhaps this will inspire someone else to do the same. Perhaps it will show another that even though life sucks sometimes, make the best of it. Shit happens. But also; shit happens for a reason. Every heartache carries within it the seed of an equal or greater success.

Quoting Pjort
Dear Pjotter, Please notice with only small difference I am with the same personell experience in my life recently. I wish you all the Best with your tradingplan as your lifeplan- and maybee - who knows this talk we you and other great people here have, maybe Can moves us in the exact direction we dream of... it feels so all the Best from me !
Hello Pjort,

Thanks for your reply.
Do you also feel that these painful experiences teaches lessons in life that may benefit trading? It's like i learned that no matter what you loose some times (my parents are just two of the six people very close people who've passed away in a few short years) life goes on. Life's a bitch time to time. But it's not the end. So is trading. It's not always fun, but it's - just like life - worth it.


For now, time to go to work. Catch up with you guys later.

- Peter.
Ever tried. Ever failed. No matter. Try again. Fail again. Fail better
  • #37,453
  • Feb 25, 2018 11:47pm Feb 25, 2018 11:47pm
Anyone, correct ABCD pattern?
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPYH1.png Size: 51 KB

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDH1.png Size: 40 KB
  • #37,454
  • Feb 26, 2018 12:38am Feb 26, 2018 12:38am
Quoting pjotter
{quote} *breaking some silence...* I haven't posted on FF for years. Been trading on and off for a little over a decade. My trading could best be described as "some succes in between a lot of pain" (yes... That's Mark Douglas' quote from "Trading in the zone"). I don't really know how my input here could be of any value to anyone, just yet. I'm a silent reader/follower/apprentice for a while here now and really admire both your trading as well as Mr. Pip's trading. This was the push i needed to give my first input on this thread. {quote} Absolutely...
Thank you for replying. Hope to see charts from you (regardless of outcome).

Sorry to hear about your family.
Wish you success with your plan.
  • #37,455
  • Feb 26, 2018 2:57am Feb 26, 2018 2:57am
Quoting pjotter
{quote} *breaking some silence...* I haven't posted on FF for years. Been trading on and off for a little over a decade. My trading could best be described as "some succes in between a lot of pain" (yes... That's Mark Douglas' quote from "Trading in the zone"). I don't really know how my input here could be of any value to anyone, just yet. I'm a silent reader/follower/apprentice for a while here now and really admire both your trading as well as Mr. Pip's trading. This was the push i needed to give my first input on this thread. {quote} Absolutely...

Sad for your loss, I lost my father last year, and currently my mother is in the hospital, though, life should not be in danger ( only quality of life ).
Also, I don't currently have kids, but am planning in the next year or so. Also can relate to the "stress job", as I am a computer programmer, and although I love to code, in my carrer only had one good manager, all others were very stressfull and not fulfilling at all.

But I do dream of the new Mercedes and a Mansion somewhere Seriously, I noticed and notice more and more, that instead of applying my learned values of life and work into the stock market, to apply the stock market values into life. And it is making me a better person in my relationship and also in life opportunities. Its not just evolution as a trader, if you apply it to life, its evolution as a person !
  • #37,456
  • Feb 26, 2018 3:35am Feb 26, 2018 3:35am
Quoting PeterT
{quote} Much appreciated, this interaction between traders is what it's all about isn't it! {quote} What do you mean by 'reaction in the zones'? One thing I can think of that stops me from taking a trade is (and this may be very obvious info to many) that if a large candle blows through the 61.8% level, you have a high probability of a very deep correction or failure of the expectation. If the large candle stops at 61.8%, it may still be ok to proceed. But if it slices through the 61.8% it as if it's not there, there's strength behind it. I don't...
Its more on the sense of what Evocpr said ! Its not rotation candle, its not one candle alone, but weakness. And don't be so focused on fib ratios alone. If it helps, draw the fib ratios, see at what structure to the left it is on, then rectangle that structure and remove the fib ratios.
  • #37,457
  • Feb 26, 2018 4:41am Feb 26, 2018 4:41am
Quoting evocpr19
{quote} This is completely wrong. YOU CAN HELP!!!! Exchange is the key. We can agree and disagree on different specific points, but this is no reason to not say something. Look Peter disagreed with a view of me, I still life and I do not have a problem with it and/or with him. I would really welcome also the silent readers to give their input. Maybe, one of them has a superb solution to a specific problem of somebody else. Mr. Pip started here a superb thing and invested a lot of his time for nothing. He has no commercial interest or whatever. All...
I don't have the experience of Mr. PIP or others here have. I have a huge fear of giving ideas/help that will only make them lose their pips and motivation.
  • #37,458
  • Feb 26, 2018 4:44am Feb 26, 2018 4:44am
Quoting HighGarden
{quote} okay, will do. base on my picture below, this is forcing pattern to price action? or im correct to pick X? i saw bullish crab below {image}
good find. Did you take that? Although that looks more like a butterfly to me.

Anyway, i dont think you can find much patterns here with forex pairs because most of the traders here are doing YM like Mr Pip do.
  • #37,459
  • Feb 26, 2018 4:49am Feb 26, 2018 4:49am
Quoting evocpr19
{quote} Agree with the interaction, otherwise no reason to have a thread. I think what pereiraalex means is e.g. does PA shows in the current leg weakness (e.g. price is climbing, are any signs of bears). When this is the second trading leg of a 1:1, can you notice any PA which weaken => important for the expectation of the correction,....Is at the exhaustion point structure,...
Here's an example of a trade I took this morning on the DAX. The weakness in the second leg gave me the signal to short. I didn't pay that much attention to fib levels, rather focusing on immediate OF and PA.
Attached Image (click to enlarge)
Click to Enlarge Name: DAX 89 Ticks.png Size: 62 KB


I believe this is what both evocpr19 and pereiraalex means.
Rise and rise again until lambs become lions
  • #37,460
  • Feb 26, 2018 5:14am Feb 26, 2018 5:14am
Quoting CrocodileRex
{quote} good find. Did you take that? Although that looks more like a butterfly to me. Anyway, i dont think you can find much patterns here with forex pairs because most of the traders here are doing YM like Mr Pip do.
Hi,

im not take that, just watching it fly LOL
im still dont have enough confident.

YM opened 24 hour?
sorry for newbie question LOL
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