Ratios & Harmonics: a Different Way to Trade | Page 1889 | 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

  • #37,761
  • Mar 1, 2018 11:30am Mar 1, 2018 11:30am
Been trading YM T233 today. So far -26.
Attached Image (click to enlarge)
Click to Enlarge Name: 01.03.18 Thu -26.png Size: 107 KB
  • #37,762
  • Mar 1, 2018 12:07pm Mar 1, 2018 12:07pm
Quoting evocpr19
{quote} Not sure, that it is of interest of all. I came by pure hazard to Mr. Pip. I wanted to learn how to trade patterns. That was my motivation to come to Mr. Pip. However, in 2016 he did not taught actively the patterns, but showed the power of 1:1 and fibs,... So I tried to learn this. I had good times and bad times by doing this. Over time, I tried to find my way (the ways it suits me to trade) with all the teaching that we got. Since more than 6 months, I trade consistently with profit and the first months in 2018 were amazing. Funny is that...
Really Evo???....why don't you share the stuff with your fellow traders and show everyone how dedicated you are to help others? Your dream is that everyone would be as successful as you are, isn't it? Maybe these materials will help them too, and in three months they transform their trading if this "self-thought approach" of yours appeals to them?...Just the thought...and one more thing please don't respond to this post.
Always trade your own plan...I don't provide trading signals.
  • #37,763
  • Mar 1, 2018 12:08pm Mar 1, 2018 12:08pm
Thank you everyone for the comments. I was expecting a NSH today and that seemed to get me in a lot of trouble. I see a lot of great trading today congratulations everyone.
  • #37,764
  • Mar 1, 2018 12:08pm Mar 1, 2018 12:08pm
Quoting PeteH
Been trading YM T233 today. So far -26. {image}
PeteH, I made a chart with comments about your first trade. (See I have a bad month, then 1 good day and I think I can start giving advice)

This is what that trade would've looked like on the 89T. I don't know if you were looking the 233T when you took that trade, but it was an awful small swing to be trading on the 233T.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 117 KB
  • #37,765
  • Mar 1, 2018 12:15pm Mar 1, 2018 12:15pm
Quoting Mr. Pip
Got taken in the longer term +100 points on 60 contracts 28K with slippage. Very nice start to March
Dang, aren't you glad you decided to lock in that one....What a bear move....
  • #37,766
  • Mar 1, 2018 12:15pm Mar 1, 2018 12:15pm
Hello,

Unfortunately i have to stop tradinng with my live account me to. Trading with demo and live account it's not the same, with demo I was good enough to think i can go live. When I go live and star to take 2 or 3 lost in row, I submitted my plan and my analysis in question. The problem was not there. The problem is my attitude to the losses and winning trade. My way of reacting made me learn about me.I know it's not an emotional process and my trading has to be mechanical. Do not let the emotions interfere with the process, it's hard to do and it's even harder if you can not afford it, or if you have other problems in everyday life and believe that is the key for everything... I will continue to trade in demo and I will save money to be able to come back... If what I wrote can help you, I'm happy. I wish you all good luck and thank you Mr. pip for what you doing here.
Time is an illusion, timing is an art.
  • #37,767
  • Edited 12:58pm Mar 1, 2018 12:30pm | Edited 12:58pm
Quoting Coreg2004
{quote} Really Evo???....why don't you share the stuff with your fellow traders and show everyone how dedicated you are to help others? Your dream is that everyone would be as successful as you are, isn't it? Maybe these materials will help them too, and in three months they transform their trading if this "self-thought approach" of yours appeals to them?...Just the thought...and one more thing please don't respond to this post.
I do not know what is your problem. I apply the teaching of Mr. Pip and read simply the chart and base out of both my expectation on price and what and how I want to trade this. There is no other material or whatever. I have also seen other approaches with vwap and other stuff. I do not understand it in the way of how to use it during live trading and I do not have the time to dig into that, so I do not use it.

The only thing what I can do and what I did, is to post my trades and if someone has specific question, I answer them. I answer also PMs and also direct messages on Discord, where people show me trades (they do not want to post them in the thread) that went wrong in order to help them to fix the problems.
However, I cannot do that for every trade. I have also a fulltime job, familly and other interests and commitments. A day has only 24 hours, sorry.

However, I will do the same as you and stop posting my trades. Maybe it helps you to feel better or whatever. I have enough stress with my current way of living to manage that all, so I do not need further hassle.
  • #37,768
  • Mar 1, 2018 12:38pm Mar 1, 2018 12:38pm
Quoting bmdenton23
{quote} PeteH, I made a chart with comments about your first trade. (See I have a bad month, then 1 good day and I think I can start giving advice) This is what that trade would've looked like on the 89T. I don't know if you were looking the 233T when you took that trade, but it was an awful small swing to be trading on the 233T. {image}
bmdenton23, Thanks for the comments / analysis. It is welcomed.

Poor first trade for me since back live for my -61. I was looking at the 38.2% rotation candle but should have waited as 61 pips is above the 40 pip max loss I set in my trade plan. Classic newbie mistake first trade back live and I do not follow my plan! Yes I agree that swing was poor on the 233T - In hindsight I should not have taken it but it fit other requirements (i.e. rotation candle, looking for NSH and seemed to hit some structure).

Trade two was better as I saw a rotation candle on the 61.8%. Again though did not pan out.

Later today I got a +79 a couple of breakevens and +50 so I end with +30 on my six trades on the day. Hopefully fewer mistakes into March will see me in profit by the end of the month.







Yes I agree that swing was poor on the 233T - In hindsight I should not have taken it.
Attached Image (click to enlarge)
Click to Enlarge Name: 01.03 First two trades fail.png Size: 108 KB
  • #37,769
  • Mar 1, 2018 12:56pm Mar 1, 2018 12:56pm
Quoting evocpr19
{quote} I do not know what is your problem. I apply the teaching of Mr. Pip and read simply the chart and base out of both my expectation on price and what and how I want to trade this. There is no other material or whatever. The only thing what I can do and what I did, is to post my trades and if someone has specific question, I answer them. I answer also PMs and also direct messages on Discord, where people show me trades (they do not want to post them in the thread) that went wrong in order to help them to fix the problems. However, I cannot...
evo . I think he means share any information. like if you took a course before. read a book etc. what helped you read PA better. he sees you've done well and thinks what was your path in trading.

I think mr pips covers it well..

You guys do good work here.
It's in fear when people show what they truly value.
  • #37,770
  • Mar 1, 2018 1:06pm Mar 1, 2018 1:06pm
Quoting ensale
{quote} evo . I think he means share any information. like if you took a course before. read a book etc. what helped you read PA better. he sees you've done well and thinks what was your path in trading. I think mr pips covers it well.. You guys do good work here.
I do not think so. Anyway, to make it short:

books: No
Other courses worth the name: No

I have enough stress in my daily job. This is also why I am invested here, to make a change. Currently, it is even more stress, but I see the light at the end of the tunnel that one day, I can get rid of it.
  • #37,771
  • Mar 1, 2018 1:45pm Mar 1, 2018 1:45pm
Quoting Coreg2004
{quote} Really Evo???....why don't you share the stuff with your fellow traders and show everyone how dedicated you are to help others? Your dream is that everyone would be as successful as you are, isn't it? Maybe these materials will help them too, and in three months they transform their trading if this "self-thought approach" of yours appeals to them?...Just the thought...and one more thing please don't respond to this post.
Not sure if you meant to be rude here or not? Certainly hope not!!

Evo is a well respected member of this thread and is always willing to give feedback on his trades and share them with this great group we have here. If you are up to date with the thread and read it all you will know Evo has been here a while and has been learning from Mr Pip, plus he has mentioned what he has done and learned over time.

If you are looking for a quick fix or a magic trick that will make you win then you will have to continue to search. This just takes lots of hard work, chart time and discipline.
  • #37,772
  • Mar 1, 2018 2:19pm Mar 1, 2018 2:19pm
Quoting bmdenton23
{quote} Dang, aren't you glad you decided to lock in that one....What a bear move....
Yes sir I think I got lucky there.
If you fail to plan, you plan to fail.
  • #37,773
  • Mar 1, 2018 2:20pm Mar 1, 2018 2:20pm
Quoting JeanValJean.
Hello, Unfortunately i have to stop tradinng with my live account me to. Trading with demo and live account it's not the same, with demo I was good enough to think i can go live. When I go live and star to take 2 or 3 lost in row, I submitted my plan and my analysis in question. The problem was not there. The problem is my attitude to the losses and winning trade. My way of reacting made me learn about me.I know it's not an emotional process and my trading has to be mechanical. Do not let the emotions interfere with the process, it's hard to do...
The emotions are just not the same. Hang in there!
If you fail to plan, you plan to fail.
  • #37,774
  • Mar 1, 2018 8:15pm Mar 1, 2018 8:15pm
Quoting evocpr19
{quote} Did not find yet the best way to trade on the 1597t chart.

I am still learning. I have watched all of Mr.Pip's videos from all 3 of his channels. He mentions that he uses the 1597t to gain more information in regards to the order flow due to the fact that the 233t only has a few days of info on it. However, he has also mentioned that an individual should choose the order flow that they want to trade.

In my view, a larger order flow not only has larger stops and take profit, but has larger volume. If I had a very large account, I would probably trade a much longer term order flow. And then with a smaller account trade the way you and Mr.Pip are trading now.

I am still on demo and learning more of the price action and how to read it with 70% accuracy.

I believe that once a person grows an account large enough to live on...and by that I mean they can live on a fraction of what they make from the market, (Last night Mr.Pip made 28k with 100 points on 60 contracts, with no fear) then they can start trading much larger order flows.

I still think it is important to stay aligned with the larger order flow, as I find it to be a forward moving indicator of all the order flow below it. --> 233t, 144t, 89t...

For fun.... think of the 1597t as a large whale and the other lower tick charts as those little fish that follow it. The little fish can still swim quickly to and fro, but if they want the protection of the whale, they still need to go with it. ha ha ha

Anyways...I think you are doing stellar!!! Along with Mr.Pip, you really inspire me. Why? Because you too, have dedicated a lot of effort to learn from Mr. Pip, and do so with success. Thus proving to myself and others that Mr.Pip's methods are legitimate and worth investing personal time and study. I too, added Mr.Pip's thread to learn more about harmonic patterns. I searched forex factory for harmonic patterns... and wallah, I add his and another one. The difference is Mr.Pip actually tries to explain his style, while the other one simply throws some charts patterns up with no explanation. However, that person is extremely good at what they do.

Being a school teacher, sometimes, it gets busy... grading homework, test prep, class prep, talking to parents, etc... It is almost a 24 hour per day gig.. that how it feels like sometimes. ha ha ha.. So, I know how you feel about things getting busy. However, just like you... I want to do better at trading to free up my time and enjoy more time with my family and more time for myself. You are much further along than me. I am still learning, and all the while being inspired by you and others on this thread to not shirk and to keep up the good fight until I am a conqueror like you all. Anyways.. it is now morning here. Study time. Have an awesome time and I'll see you and everyone on the thread later tonight.
Luck has no place in trading. Leave that for the poker table.
  • #37,775
  • Edited 8:38pm Mar 1, 2018 8:27pm | Edited 8:38pm
Quoting Mr. Pip
{quote} Yes sir I think I got lucky there.

Just a quick question,

There are a lot of software programs around that can give us the abc/harmonic patterns,ect.

My question is are any of these any good if so could you or someone point me in the right direction to get them please.

Thanking you in advance

Brian Dingman-two
  • #37,776
  • Mar 1, 2018 8:41pm Mar 1, 2018 8:41pm
EURJPY +40 pips
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY (233 Tick) 2018_03_02.png Size: 41 KB
  • #37,777
  • Mar 1, 2018 8:43pm Mar 1, 2018 8:43pm
Quoting Dingoman-two
{quote} Just a quick question, There are a lot of software programs around that can give us the abc/harmonic patterns,ect. My question is are any of these any good if so could you or someone point me in the right direction to get them please. Thanking you in advance Brian Dingman-two
nothing better than your eyes.

out there harmonic pattern software using zigzag indicator base, it useless.

this my newbie opinion.
  • #37,778
  • Mar 1, 2018 11:01pm Mar 1, 2018 11:01pm
Quoting Pair-me-up
{quote} I am still learning. I have watched all of Mr.Pip's videos from all 3 of his channels. He mentions that he uses the 1597t to gain more information in regards to the order flow due to the fact that the 233t only has a few days of info on it. However, he has also mentioned that an individual should choose the order flow that they want to trade. In my view, a larger order flow not only has larger stops and take profit, but has larger volume. If I had a very large account, I would probably trade a much longer term order flow. And then with a...
I totally agree with you. It's a pity to see the frustration that Evo has. I can understand, i know his feeling from my job. It's like it's never enough. You give all you have, but still people doubt your intentions.

I just hope Evo will continue to post his charts and comments since i think they're very valuable for everyone up here. He's really got skills!

Have a good day everyone!
Ever tried. Ever failed. No matter. Try again. Fail again. Fail better
  • #37,779
  • Mar 2, 2018 1:10am Mar 2, 2018 1:10am
Quoting Mr. Pip
{quote} Yes sir I think I got lucky there.

Hi Folks,

does anyone know if there are currency pairs that are more suited to the Ratios & Harmonics than most others please,

Which are our hottest pairs ?????

===
  • #37,780
  • Mar 2, 2018 2:42am Mar 2, 2018 2:42am
Quoting PeterT
{quote} That is right. But i think we should add to that, it is called a complex correction when the high/low of the first correction leg is broken while still within the boundaries of the main swing your trading. EDIT: It is always relative to the swing you're trading. What may be a complex correction from a big swing is just normal orderflow in de smaller TF. Example. (disregarding everything that is outside of the screen, just for example purpose) {image}
Just the info I needed, as a beginner... TNX
Are you profitable? I am not... yet...
7 traders viewing now