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Ratios & Harmonics: a Different Way to Trade

  • #38,781
  • Mar 22, 2018 3:01pm Mar 22, 2018 3:01pm
Quoting Pair-me-up
Alright after some losses, I finished with +105 Tonight, I noticed that there were ABCD patterns that were within a larger ABCD pattern. Is this something that has already been covered? Patterns within patterns?
patterns most certainly occur in patterns
It's in fear when people show what they truly value.
  • #38,782
  • Mar 22, 2018 3:15pm Mar 22, 2018 3:15pm
FWI, I am new to this thread and have found almost all postings helpful. I am to see someone attack Evo as I have found his posting and charts quite useful.
  • #38,783
  • Mar 22, 2018 3:53pm Mar 22, 2018 3:53pm
Fellowtraders,

As far as I can remember, I simply suggested for evocpr19 to share his entry and exists based on his analysis.
Furthermore, I have asked him if he would share his live trades. (I do not remember, evocpr19, mentioning your charts as a waste of time. In fact, my messages suggests quite the opposite.)

I dont remember attacking him in any way either as my messages comes from suggesting and respectful writing. In exchange his responses about why he won’t share it seem rather insufficient.

Lastly, and if I remember correctly the purpose of this forum is to learn and share our observations. To grow together. Therefore I don’t understand why assuming I am attacking anyone for simply seeking the purpose of this thread.

With this being said, again, I hope those of you that felt as if I was attacking evocpr19 feel different now. Bottom line is I was seeking more educational material FOR US ALL TO BENEFIT FROM. Quite the opposite approach some seem to find in my messages.

Have a great day, keep learning and share your wisdom.

Best to all,
  • #38,784
  • Mar 22, 2018 6:42pm Mar 22, 2018 6:42pm
Quoting Tonete
Fellowtraders, As far as I can remember, I simply suggested for evocpr19 to share his entry and exists based on his analysis. Furthermore, I have asked him if he would share his live trades. (I do not remember, evocpr19, mentioning your charts as a waste of time. In fact, my messages suggests quite the opposite.) I dont remember attacking him in any way either as my messages comes from suggesting and respectful writing. In exchange his responses about why he won’t share it seem rather insufficient. Lastly, and if I remember correctly the purpose...
Okay, let me put my thoughts forward on this matter.

Tonete, whether you meant to or not you have attacked Evo in your last post. You may or may not have intended for it to come across the way it did but to me it is an attacking statement. You said this in your last post ;

"As I see it, you aren’t here to help anyone with educational tips to trading but to show off your charts, which isn’t the main goal of this entire thread as I see it, I would suggest you put your career in France in the first place and stop wasting our time."

I know Evo is very committed to pushing people to share their charts, what they learned from their trades before he will pass comment or spoon feed anyone, and I completely agree with his approach to this. It takes a lot of time feeding back on peoples trades, as to do it properly you need to go back to the chart, make your analysis and then screen shot and write this up. When you consider that Evo works a job, has his home life to take care of and spend quality time with the people in his life, plus trading and then being active on this thread, it can be hard to balance (I am in a very similar position so I know all to well).

If you have read this thread then you should see lots of posts with information about entries and exits from Evo, for example this one from 2 hours before one of your posts;

https://www.forexfactory.com/showthread.php?p=10899412#post10899412

Yes he does not do a write up on his trade but everything is there to see. The 1:1 he was trading highlights the entry and exit. Also there was another where he posted a week or so back asking for peoples opinion, then writing his reasons for entering his trades.

This thread is here for Mr Pip's teachings and for us all to learn and make it work for us. Evo is a great example as to how well this works (along with our esteemed leader Mr Pip or course!).

Also discussion is encouraged with people to share their charts, analysis, request feedback or other points of view etc. I can see from your history that you may have have first read this thread in 2015 but I also notice that you have not really been active in this thread, so to come in asking for things and then attacking people who have been very active in the thread is out of order really.

So, now that i have had my say on the matter I would encourage you (Tonete), and anyone else, to just move on from this and start posting charts and being active in the thread, re-read parts of the thread if needed and join the community we have here.
  • #38,785
  • Mar 22, 2018 7:34pm Mar 22, 2018 7:34pm
Yes sir.
  • #38,786
  • Mar 22, 2018 9:29pm Mar 22, 2018 9:29pm
Quoting Tonete
Dear evocpr19, I believe you have misunderstood my previously posted suggestion. I wasn’t quite looking for your trade signals, perhaps the reasons why you decided to enter and the trade management that follows. I’m not interested in your signals, I am interested in growing with further knowledge. Just trying to learn as much as possible. Not trying to copy you. I am not interested either. As I see it, you aren’t here to help anyone with educational tips to trading but to show off your charts, which isn’t the main goal of this entire thread as I...
I know that it can be frustrating at times to see someone doing so awesome due to their hard work and diligence while feeling like...."Why can't I just get this?" and "What do they know that I don't know?" and "What is the missing information that I need to do as awesome as those other traders to achieve my goals in trading?" and "I feel so teased when I see them showing off!!!! GRrrrrrr!!!" lol

However, I hope that evocpr19 continues to show off what he has learned from Mr. Pip and that what Mr. Pip is trying to teach us really does work.

In my observation, I will say that evocpr19 is one of Mr. Pip's star students. Evocpr19 really applies harmonics extremely well. And the purpose of this thread is to learn harmonics. Luckily, evocpr19 actually draws his harmonics on his posted charts, unlike some people. I am still learning as well. However, if I were you I would read the books from Scott Carney, then the books from Lance Beggs. Then you will see that Mr. Pip is also a star student who has made very solid and logical rules of trading, that he is sharing with confidence and kindness due to his proven track record. After you read those books, go through all of Mr. Pip's youtube videos and if you have time, attend his live webinars to ask him questions directly. We are all here to learn and we can see how others are using what they learned from Mr. Pip. Like evocpr19, I too aspire to be a star student. Yes, it is frustrating at times, when even I feel that I can't adequately learn as much or as fast as I want, but like you, I am not a quitter and I appreciate everyone being in this same journey together.

Also, in regards to Evocpr19, look at his chart and then find it on your own trading platform and practice recognizing the rules that he is following. I marked up what he did on my platform so that you can see it. I hope it helps. And if you notice, he is doing 100% of what Mr. Pip has been trying to teach some of us knuckle heads. lol Post some of your charts with your analysis based on the rules. If someone has time, they will comment on it. Good luck, and may the 70/30% odds of this system be in your favor!
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Luck has no place in trading. Leave that for the poker table.
  • #38,787
  • Mar 22, 2018 9:39pm Mar 22, 2018 9:39pm
On the chart I just posted... I mislabeled it as an aggressive C. According to the rules... an aggressive C should correct to the 6.18 area.
Luck has no place in trading. Leave that for the poker table.
  • #38,788
  • Mar 22, 2018 10:40pm Mar 22, 2018 10:40pm
Quoting evocpr19
This was my YM trade today: +219 {image}
Hi Evo
Do you have losing trades(expectation failure).Would you mind the posting losing trades if you have.
  • #38,789
  • Mar 22, 2018 10:57pm Mar 22, 2018 10:57pm
Quoting Pair-me-up
On the chart I just posted... I mislabeled it as an aggressive C. According to the rules... an aggressive C should correct to the 6.18 area.
Pair-me-up can you address these two situations?
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Always trade your own plan...I don't provide trading signals.
  • #38,790
  • Mar 22, 2018 11:32pm Mar 22, 2018 11:32pm
Quoting Coreg2004
{quote} Pair-me-up can you address these two situations? {image}
From what I am learning... (and the more advanced live traders will correct me if I am not mistaken).

1. Your first circle looks like a complex correction that has formed a gartley pattern, that continued to the down side.
2. After price moved past your first circle to make a new structure low, you can see that the immediate order flow failed to make a new structure low.
3. Looking at structure analysis. I see that the momentum looked good. However, depth was starting to increase and projection was starting to decrease. That is 2 out of three components that show that the market is possible weakening for the time being, according to structure analysis.
4 Looking at your second circle you have made a new structure high on the intraday orderflow. Although you have a 1 to one that breaks structure to give you a new structure low on the short time or immediate orderflow....until the new structure low of the larger orderflow is broken, we still have an expectation of a new structure high.
5. If I am not mistaken, after you had the NSL on the larger order flow that swung up to make a new structure high, then a higher low. If you used your fib tool to measure it, you will see that it comes to about the 50% ratio. Once price bounced from the 50% ratio and broke through resistance to form a new structure high, that may have been a signal, that we would have a 1 to 1 completion to the upside. Further more your one to one completion that finished at D in your second circle would be a possible extra signal showing that price wants to continue higher.
6. I am not trading live yet, due to lack of confidence in being able to recall all of the rules to catch those small little important areas that I need to see immediately to read the price action correctly. Lucky, there are some good traders in the thread that really have nice harmonics drawn on their charts that can be used as superior flow charts to the rules that we are learning.

O.k. I will share some notes with you, that I wrote down. I sent them to Mr. Pip to check and see if they were correct. He is a busy guy, so he hasn't had time to see if I understood correctly, but I will post them for you too see.
They are based on my understanding of his videos. The important part of having a teacher correct the notes is to test the understanding of what has been taught.
I don't know if they are correct or not, but in time Mr. Pip will surely get back to my inquiry if he has the time. Either way, I am grateful for his charts and lessons.
Attached File(s)
File Type: docx Price Action Trading.docx   33 KB | 1,029 downloads
Luck has no place in trading. Leave that for the poker table.
  • #38,791
  • Mar 23, 2018 1:05am Mar 23, 2018 1:05am
Pair-me up,

Although I wasn’t going to get involved any further, I will respond to your message for the time it has taken you to write it.
Perhaps the analysis you have made on your chart is the beginning of what I was seeking all along.
More specifically, the reasons why, when and where within the PRZ/area of interest does evoprc19 decides to pull the trigger PA-wise.
Then I thought, maybe a post from live trading and/or of a trade (like Mr. Pip’s while in season posts) with his added personal reasoning for his trade management if any.
That was what I had in mind for evocpr19 to share. His after the session charts haven’t shown anything new to me. The triggers, the internals is what I was wondering about.
His direction is correct the vast majority of times. (In fact I find his trading amusing.)

I see some of his charts with entries happening after rotation, some before rotation, sometimes I see trades in which he added a second position to a losing position while strengthening against his trade, wondering if he has a stop loss in order, if he does trade with a stop loss then I wondered about his R/R profile..and so on.

Never did my post come from jealousy whatsoever. I can honestly say I never felt jealousy. I felt curiosity.
I simply expected more detail from his reasoning. I know how to draw harmonics for some time now and in ways I haven’t seen in any of his charts either also.
I wasn’t expecting so much of a response that under french law it is not allowed to explain in detail a live entry “in form of concretely advice to people for realtime trading”. It shocked me to believe that is a “real law” and that this law is currently effective prior to evocpr19 settling in France..which therefore no contracts of confidentiality could have even had taken place, yet. Just an awkward unexpected response.

Nonetheless, his approach which is remarkable raises questions to me, not jealousy nor rejection either.

I feel as if his skill set is worth explaining in further detail rather than posting charts in which I rarely see a loser either. I guess he isn’t allowed to explain himself in such manner even though I personally wouldn’t take any of his trades nor would I trust his judgement as again his style raises questions to me.

I have now been trading live for 3 years (struggling loads yet coming out of the tunnel to be honest) and although I am still learning daily and willing to learn even further as it is life long skill to be polished, my goal is to get better and better.

Again, thank you for taking the time to write and post your chart. I appreciate and value your time.

Good trading and good luck sir.

(I have read the book from Scott Carney, as well as well as the Elliot wave Principle by Frost and Pretcher and many other reads and lessons in terms of candle price action, orderflow, levels of support and resistance, zones of supply and demand, Fibonacci techniques by Carolyn Borodin, risk/reward concepts, dynamic money ratio positioning per account growth concepts..
I love trading and everything about it. And will keep at it. )
  • #38,792
  • Mar 23, 2018 2:44am Mar 23, 2018 2:44am
Quoting Tonete
Pair-me up, Although I wasn’t going to get involved any further, I will respond to your message for the time it has taken you to write it. Perhaps the analysis you have made on your chart is the beginning of what I was seeking all along. More specifically, the reasons why, when and where within the PRZ/area of interest does evoprc19 decides to pull the trigger PA-wise. Then I thought, maybe a post from live trading and/or of a trade (like Mr. Pip’s while in season posts) with his added personal reasoning for his trade management if any. That was...
It sounds like your are focused and headed in the correct direction. I am not trading live yet. However, like you and the rest of the people on the thread I will continue to polish my skills and sharpen my trading tools. See you in the thread.
Luck has no place in trading. Leave that for the poker table.
  • #38,793
  • Mar 23, 2018 3:41am Mar 23, 2018 3:41am
Hello,

I did not take that trade but if I do begin to understand the concept of supply and demand zones, there seems to be a good example here:

https://gyazo.com/a45bf7116564eefd85e00dedba931f18

If one must wait to become an expert before posting, then you can expect to have few people posting.

Isn't there a PDF regrouping all the articulations of the method ? (I am building one myself but still ask to know...)


Thanks for your feeback, they will help to grow.

LS
Attached Image (click to enlarge)
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  • #38,794
  • Edited 5:44am Mar 23, 2018 5:23am | Edited 5:44am
Quoting Tonete
Pair-me up, Although I wasn’t going to get involved any further, I will respond to your message for the time it has taken you to write it. Perhaps the analysis you have made on your chart is the beginning of what I was seeking all along. More specifically, the reasons why, when and where within the PRZ/area of interest does evoprc19 decides to pull the trigger PA-wise. Then I thought, maybe a post from live trading and/or of a trade (like Mr. Pip’s while in season posts) with his added personal reasoning for his trade management if any. That was...
Last reply on this subject-matter:

Reasons were given in posts: 35,473; 37,865; 38,188; 38,198; 38,456. I certainly miss some more, but sorry to be insufficient in your opininon. Sorry, but I will not repeat those here.

About law: "...Dans le cas où un trader investit pour le compte d’autrui, gérant alors l’argent d’un tiers, il n’agit plus en compte propre et doit obtenir une autorisation de la part d’un régulateur, en l’occurrence l’AMF ou Autorité des Marchés Financiers. De même s’il envisage de prodiguer des conseils à d’autres traders. Dans ce dernier cas, il doit posséder le statut de « Conseil en investissement financier » qui fait l’objet d’une réglementation spécifique, toujours par l’AMF..."

- Do you know french administration: NO
- Do you know which steps I have already started with the administration: NO
- Have you ever tried to give your reasoning like post 38,238, when somebody else ask a question?: NO
- Did you take advantage of my call to give reasons for a trade: NO => Here was the assesment for me to see, if there is a real general interest and if it is worth for spending a lot of time (although not matching with my stuff that I have to cope with). Result: NO
- Do you post actively your charts, analysis,... : NO
- When you ask a question, do you prepare a chart highlighting what you understand and where you struggle: NO
- Do you answer any other questions that people ask: NO

However, given the above, you still feel legitimate to give lessons on the purpose of a thread and what people should do. I am really overwhelmed by the amount that you "share" and what effort you ask from others in return of your investment.

Am I willing to help under these circumstances: NO
  • #38,795
  • Mar 23, 2018 5:29am Mar 23, 2018 5:29am
Quoting lifespirit
Hello, I did not take that trade but if I do begin to understand the concept of supply and demand zones, there seems to be a good example here: https://gyazo.com/a45bf7116564eefd85e00dedba931f18 If one must wait to become an expert before posting, then you can expect to have few people posting. Isn't there a PDF regrouping all the articulations of the method ? (I am building one myself but still ask to know...) Thanks for your feeback, they will help to grow. LS {image}
Honestly, I do not know what you expect as an answer. You mention supply and demand, but they are not drawn in the chart.
I see small 1:1 moves that you highlighted.

Maybe someone else knows what you mean and can help.
  • #38,796
  • Mar 23, 2018 6:13am Mar 23, 2018 6:13am
Early trade on YM: +74
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  • #38,797
  • Mar 23, 2018 7:41am Mar 23, 2018 7:41am
Quoting Sheeep44
looking for shorts. {image}
And boy was this a pain-free trade.

Okay, import-tariffs might have helped pushing price a little further down.
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"Luck is when opportunity meets preparation"
  • #38,798
  • Mar 23, 2018 7:44am Mar 23, 2018 7:44am
Slow start of the week, but the end is fire, might have to hold this possible short through the weekend, lets see.
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"Luck is when opportunity meets preparation"
  • #38,799
  • Mar 23, 2018 8:21am Mar 23, 2018 8:21am
Quoting Sheeep44
{quote} And boy was this a pain-free trade. Okay, import-tariffs might have helped pushing price a little further down. {image}
Congrats.
  • #38,800
  • Mar 23, 2018 8:21am Mar 23, 2018 8:21am
Lets see where this brings us.
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"Luck is when opportunity meets preparation"
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