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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

  • #41,861
  • Jul 16, 2018 11:42am Jul 16, 2018 11:42am
I never traded a three drives as a pattern. I always saw it as an ABCD
If you fail to plan, you plan to fail.
  • #41,862
  • Jul 16, 2018 11:44am Jul 16, 2018 11:44am
Quoting Mr. Pip
I never traded a three drives as a pattern. I always saw it as an ABCD
So we should just draw the fib on the last 2 swing and ignore the first swing?
  • #41,863
  • Jul 16, 2018 11:51am Jul 16, 2018 11:51am
Quoting 6288monkey
{quote} So we should just draw the fib on the last 2 swing and ignore the first swing?
I always have but if trading it a a pattern the proper way would be the way I illustrated on the chart
If you fail to plan, you plan to fail.
  • #41,864
  • Jul 16, 2018 12:03pm Jul 16, 2018 12:03pm
Quoting Mr. Pip
{quote} I always have but if trading it a a pattern the proper way would be the way I illustrated on the chart
Ok thanks , I understand it depend on personal preference and the current order flow strength.

Since most people trade 1 to 1 , it was better to follow that.
  • #41,865
  • Jul 16, 2018 12:20pm Jul 16, 2018 12:20pm
Quoting Mr. Pip
Did it have value? Understanding price action helps maintain situational awareness. Also helps you understand when S/R is likely to hold or fail.
Hi, Mr. Pip:
After watching the replay, I’m not sure I quite understand how to determine ‘when a s/r is likely to hold or fail. Can you elaborate a little more or at least point me to the segment in the video where you talked about this? Thx!
  • #41,866
  • Jul 16, 2018 12:21pm Jul 16, 2018 12:21pm
Quoting 6288monkey
{quote} Where was SL and entry , update us if move to BE or TP
Currently at BE, most likely getting taken out at BE.

Edit: taken out at BE.
"Luck is when opportunity meets preparation"
  • #41,867
  • Jul 16, 2018 12:27pm Jul 16, 2018 12:27pm
Quoting Sheeep44
{quote} Currently at BE, most likely getting taken out at BE.
And also long on this one.
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"Luck is when opportunity meets preparation"
  • #41,868
  • Jul 16, 2018 12:29pm Jul 16, 2018 12:29pm
Quoting zhangshuo
{quote} Hi, Mr. Pip: After watching the replay, I’m not sure I quite understand how to determine ‘when a s/r is likely to hold or fail. Can you elaborate a little more or at least point me to the segment in the video where you talked about this? Thx!
Can refer to mr.pip video

s/r was different with supply and demand , on video got explain that
we always expect s/r to hold unless price approach it with strength

strength was determine by bar by bar analysis

all lesson mr.pip teach should be combine to perfect this strategy , there was a Putting it all together video too
  • #41,869
  • Jul 16, 2018 12:34pm Jul 16, 2018 12:34pm
Quoting Sheeep44
{quote} And also long on this one. {image}
The 1 to 1 was extended , price action break down on those line , 0.74233 has resistance

can go short also at the 1 to 1 line you draw

just sharing my view
  • #41,870
  • Jul 16, 2018 12:42pm Jul 16, 2018 12:42pm
Today results was win

few losing was mistake and miss out few winning trade too ( after analyse )

not efficient because use very long hour to trade , but very good for training and learning
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  • #41,871
  • Jul 16, 2018 12:47pm Jul 16, 2018 12:47pm
Quoting 6288monkey
{quote} Can post a chart have better overall chart view on next post? YM i would like to point out my view I would say that 25080 to 25000 as a complete swing , in between was just complex correction.
Hey 6288monkey, The blue lines are the orderflow I traded with that trade and the magenta lines are complex correction. Trade 3 was a small ABCD so has nothing to do with the blue lined OF
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  • #41,872
  • Edited 1:42pm Jul 16, 2018 1:17pm | Edited 1:42pm
YM - I'm LONG, on the opposite side as some of you guys. I averaged in this morning, later reduced that position on weakness. I'm at breakeven at the BRN, we'll see what it does, 50/50 at this point but the worst I can do today is break even.
....update .... and I'm out for +1 on the day.
  • #41,873
  • Jul 16, 2018 1:43pm Jul 16, 2018 1:43pm
Quoting bmdenton23
YM - I'm LONG, on the opposite side as some of you guys. I averaged in this morning, later reduced that position on weakness. I'm at breakeven at the BRN, we'll see what it does, 50/50 at this point but the worst I can do today is break even.
Basically we are seeing the same type of action we got last Friday where price found buyers below the open of the RTH session while testing key levels from the prior day value. Damian went long last Friday but today he went short. Must admit i find it difficult to follow his rational sometimes as it seems to me that some sequences which share similar characteristics are traded differently.
  • #41,874
  • Jul 16, 2018 1:55pm Jul 16, 2018 1:55pm
Quoting crixus
{quote} Basically we are seeing the same type of action we got last Friday where price found buyers below the open of the RTH session while testing key levels from the prior day value. Damian went long last Friday but today he went short. Must admit i find it difficult to follow his rational sometimes as it seems to me that some sequences which share similar characteristics are traded differently.
I was definitely shooting for a continuation of what we saw Friday.
Mr. Pip saw the slow movement today and traded the immediate, I was trading the Intraday.
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  • #41,875
  • Jul 16, 2018 1:58pm Jul 16, 2018 1:58pm
Quoting bmdenton23
YM - I'm LONG, on the opposite side as some of you guys. I averaged in this morning, later reduced that position on weakness. I'm at breakeven at the BRN, we'll see what it does, 50/50 at this point but the worst I can do today is break even. ....update .... and I'm out for +1 on the day.
I got out of my short. This will likely continue to drop some more.
If you fail to plan, you plan to fail.
  • #41,876
  • Jul 16, 2018 1:59pm Jul 16, 2018 1:59pm
Quoting crixus
{quote} Basically we are seeing the same type of action we got last Friday where price found buyers below the open of the RTH session while testing key levels from the prior day value. Damian went long last Friday but today he went short. Must admit i find it difficult to follow his rational sometimes as it seems to me that some sequences which share similar characteristics are traded differently.
I went short because the expectation failed and we were expecting a NSL. So I went short.
If you fail to plan, you plan to fail.
  • #41,877
  • Jul 16, 2018 3:53pm Jul 16, 2018 3:53pm
I am just seeing this topic now. I like this teach. Pls where do I start from?
  • #41,878
  • Jul 16, 2018 5:28pm Jul 16, 2018 5:28pm
Quoting menek
I am just seeing this topic now. I like this teach. Pls where do I start from?
Go to my channel on YouTube it is all there. Video lessons and lots of live streams
If you fail to plan, you plan to fail.
  • #41,879
  • Jul 16, 2018 8:38pm Jul 16, 2018 8:38pm
Hello Everyone , Good Morning here

EU long

from observe at the time scale , normally the market ( eu) active from 2/3pm my time to 2/3am .

but certain initial move of the day start before those active hour , so I will still take trade whenever available but lesser monitoring time .
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  • #41,880
  • Jul 17, 2018 1:17am Jul 17, 2018 1:17am
Hi everyone

would like to ask

the swing I trading has created a NSH and dint reach either 1 to1 or 127.20 yet

should I trail at the 38.20 of the red or purple line , or just let the price stay at BE ?

according to Mr.Pip method we should just wait.

but I also found on certain recording , Mr.Pip trail on those small swing at 38.20 .

can I know I should always trail after a NSH or there were certain circumstances to apply?


Update : price accelerate at 2pm to TP , if I trail at either of the small swing would be taken out , I think it was better to just hold on BE but would like to hear what you guys opinion. This also the reason why I traded before market active , market move already before 2pm
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