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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

  • #38,541
  • Mar 16, 2018 11:05am Mar 16, 2018 11:05am
Quoting Mr. Pip
{quote} There is lots of breakdown the expectation on the intraday is still for a NSH but the bulls have their work cut out fore them. I'm happy with my 50 points and it's Friday so having an early lunch. See you all on Monday!
Have a great weekend!
  • #38,542
  • Mar 16, 2018 11:31am Mar 16, 2018 11:31am
Quoting Lawnman
{quote} Late for work, moved to BE put a TP just above the .127. {image}
I recently am experiencing with the 15M charts. The average hold is around 12-15 hours. If you trade 2/3 pairs you would get an average of around 1-2 setups a day. Get a subscription at tradingview, do your analysis before/ during and after work and just set alarms when price enters your zone. Download the MT4 app and you are all set. This works pretty good for me as of the recent weeks.
"Luck is when opportunity meets preparation"
  • #38,543
  • Mar 16, 2018 12:47pm Mar 16, 2018 12:47pm
Guess who ride these two badboys all the way down?

Thats right, me.

+4,6% in 2 trades.
Attached Image(s) (click to enlarge)
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"Luck is when opportunity meets preparation"
  • #38,544
  • Mar 16, 2018 12:47pm Mar 16, 2018 12:47pm
Quoting Sheeep44
{quote} I recently am experiencing with the 15M charts. The average hold is around 12-15 hours. If you trade 2/3 pairs you would get an average of around 1-2 setups a day. Get a subscription at tradingview, do your analysis before/ during and after work and just set alarms when price enters your zone. Download the MT4 app and you are all set. This works pretty good for me as of the recent weeks.
interesting... will look into that.

you also trade with Oanda, right? Are you happy about them?
Ever tried. Ever failed. No matter. Try again. Fail again. Fail better
  • #38,545
  • Mar 16, 2018 1:39pm Mar 16, 2018 1:39pm
Quoting evocpr19
YM today: +206. Have to go, so cannot take any more trades. {image}
Nice trade Evo.Very aggressive approach and precise entry.Hope one day i will be like you.
  • #38,546
  • Mar 16, 2018 1:49pm Mar 16, 2018 1:49pm
A little bored this afternoon so taking a DEMO short on the 144T at 24992. BRN and good structure to hide behind.
SL @ 25021
TP @ 24939

..update... I get the feeling this market no longer cares about BRNs

As a general rule I don't take live trades after lunch on Friday. Anybody braver than me on Friday afternoon trades?
  • #38,547
  • Mar 16, 2018 1:54pm Mar 16, 2018 1:54pm
Quoting pjotter
{quote} interesting... will look into that. you also trade with Oanda, right? Are you happy about them?
No prob for the tip.
No I don't haha.
"Luck is when opportunity meets preparation"
  • #38,548
  • Mar 16, 2018 1:57pm Mar 16, 2018 1:57pm
Quoting pjotter
{quote} interesting... will look into that. you also trade with Oanda, right? Are you happy about them?
Send me a PM if you are interested about my broker, can't recommend any on a public forum buddy, rules.
"Luck is when opportunity meets preparation"
  • #38,549
  • Mar 16, 2018 6:47pm Mar 16, 2018 6:47pm
Quoting Sheeep44
{quote} I recently am experiencing with the 15M charts. The average hold is around 12-15 hours. If you trade 2/3 pairs you would get an average of around 1-2 setups a day. Get a subscription at tradingview, do your analysis before/ during and after work and just set alarms when price enters your zone. Download the MT4 app and you are all set. This works pretty good for me as of the recent weeks.
Thanks man, I'll give it a look.
Wow! I've got some experience to gain.
  • #38,550
  • Mar 16, 2018 11:25pm Mar 16, 2018 11:25pm
Quoting PeterT
{quote} Thanks for your post PeteH. It looks like you're doing better than me. I am convinced about the probability aspect, but my mind seems to lose it sometimes and I end up taking ridiculous entries, trying to scalp a few points here and there, trying to pick big reversals. I sometimes really wonder what the hell is wrong with me. I can only keep going and try the best I can to stick with my trade plan. I guess I need to learn to be more disciplined. Not sure how to learn that. Good luck with your trading
The BEST way learning how to be disciplined is to be disciplined. Don't allow any sidesteps and reward yourself from not taking that revenge trade even if it turned out to be a winner. Don't give yourself hard time if you missed some profits that time, the bigger picture matters and in the long run you'll lose money by taking those trades.
  • #38,551
  • Mar 17, 2018 2:51am Mar 17, 2018 2:51am
Quoting Happy_Sniper
{quote} The BEST way learning how to be disciplined is to be disciplined. Don't allow any sidesteps and reward yourself from not taking that revenge trade even if it turned out to be a winner. Don't give yourself hard time if you missed some profits that time, the bigger picture matters and in the long run you'll lose money by taking those trades.
Very true
  • #38,552
  • Edited 4:51am Mar 17, 2018 3:34am | Edited 4:51am
Quoting Unichamp
{quote} Nice trade Evo.Very aggressive approach and precise entry.Hope one day i will be like you.
Thank you.

Nice to see a new name here. Curious to see trades from you.


Late in the Europe late afternoon/evening, I took a loss on YM of +20 and cumulated win of +85, so +65 net on this. However, the loss was stupid and against expectation at hand.

Congrats JeanValJean, PipJr. and Sheep44 for your trades.
  • #38,553
  • Mar 17, 2018 4:20am Mar 17, 2018 4:20am
Hi All, I want to know if there is any indicator being developed which draws harmonic patterns as per Mr.Pip's rules ?? It would make life easier for all as indicator can scan for harmonic patters at all TFs but must be following Mr. Pip pattern rules...
I was looking for it in this thread but could not find...
hope somebody can tell me if it even exist or not...
thanks
  • #38,554
  • Mar 17, 2018 4:52am Mar 17, 2018 4:52am
Quoting alij79
Hi All, I want to know if there is any indicator being developed which draws harmonic patterns as per Mr.Pip's rules ?? It would make life easier for all as indicator can scan for harmonic patters at all TFs but must be following Mr. Pip pattern rules... I was looking for it in this thread but could not find... hope somebody can tell me if it even exist or not... thanks
Do not think that there is one.
  • #38,555
  • Mar 17, 2018 7:41am Mar 17, 2018 7:41am
Quoting alij79
Hi All, I want to know if there is any indicator being developed which draws harmonic patterns as per Mr.Pip's rules ?? It would make life easier for all as indicator can scan for harmonic patters at all TFs but must be following Mr. Pip pattern rules... I was looking for it in this thread but could not find... hope somebody can tell me if it even exist or not... thanks
There are many tools to identify these patterns and some offer stats related to the results they provide. A quick search on Google should give you quite a few links to explore. At this site there is a video which provides a few indicators. You did not mention for which platform so can't give you all possiblities. However, Motive waves (https://www.motivewave.com/) is a natural fit for Fib users and harmonic patterns.

https://admiralmarkets.com/analytics/traders-blog/harmonic-trading-patterns-from-scott-m-carney-explained-in-detail
  • #38,556
  • Mar 17, 2018 8:30am Mar 17, 2018 8:30am
Hello All,

This is a fantastic thread. I've started it from Page 1, and have only made it to Page 20 so far. I was wondering if you could tell me what the best way is to handle this thread so I may get the maximum benefit? 1928 pages to reach you guys is pretty daunting. I have seen Killian's thread but he stopped that too soon.

I do not want to barge in with newbie questions regarding harmonics which might have been covered. But I also do want to clear questions as they arise in my mind-- a bit of a paradox, isn't it? What suggestion or advice would you give to handle this.

So far I've only lurked on FF. This is the first thread which has me motivated to post here.

Btw is Mr. Pips still active on this thread? If so I would like to thank you Sir for the manner in which you have covered your subject and helped many I am sure.
  • #38,557
  • Mar 17, 2018 10:54am Mar 17, 2018 10:54am
Quoting alij79
Hi All, I want to know if there is any indicator being developed which draws harmonic patterns as per Mr.Pip's rules ?? It would make life easier for all as indicator can scan for harmonic patters at all TFs but must be following Mr. Pip pattern rules... I was looking for it in this thread but could not find... hope somebody can tell me if it even exist or not... thanks

Alij79 check this website https://harmonictrader.com/ . Scott Carney creator of harmonic patterns developed software which draws these patterns in live time, he also offers free time in his room where he teaches how to use this software...All information you will find on his website mentioned above..Good luck with your trading.
Always trade your own plan...I don't provide trading signals.
  • #38,558
  • Mar 17, 2018 9:42pm Mar 17, 2018 9:42pm
Quoting Coreg2004
{quote} Alij79 check this website https://harmonictrader.com/ . Scott Carney creator of harmonic patterns developed software which draws these patterns in live time, he also offers free time in his room where he teaches how to use this software...All information you will find on his website mentioned above..Good luck with your trading.
that is correct thank you. The source is Scott Carney vista his site at the link provided. Thank you for posting the link. Scott is a friend and he has plenty of free material as well as the only true Harmonía advanced pattern identifying software.
If you fail to plan, you plan to fail.
  • #38,559
  • Mar 17, 2018 9:45pm Mar 17, 2018 9:45pm
Quoting pipslo
Hello All, This is a fantastic thread. I've started it from Page 1, and have only made it to Page 20 so far. I was wondering if you could tell me what the best way is to handle this thread so I may get the maximum benefit? 1928 pages to reach you guys is pretty daunting. I have seen Killian's thread but he stopped that too soon. I do not want to barge in with newbie questions regarding harmonics which might have been covered. But I also do want to clear questions as they arise in my mind-- a bit of a paradox, isn't it? What suggestion or advice...
Thank you and welcome go to the first page in the intro and you will see a link as to where to begin. I wish you the best and there are many eager to help you out here in the thread. Looking forward to your posts
If you fail to plan, you plan to fail.
  • #38,560
  • Mar 17, 2018 11:00pm Mar 17, 2018 11:00pm
Quoting Mr. Pip
{quote} Thank you and welcome go to the first page in the intro and you will see a link as to where to begin. I wish you the best and there are many eager to help you out here in the thread. Looking forward to your posts
Hello Mr Pips,

Are you talking about link to page 785 of the thread. Also should I read Scott Carney's book first or carry on with the thread on first priority?

Thank you again for your work.
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