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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

  • #42,061
  • Jul 24, 2018 9:34am Jul 24, 2018 9:34am
Quoting MarkStan
Hello Guys, Hello Damian, when do you plan your next live trading session?
We can do one on July 31 next Tuesday. How does that sound?
If you fail to plan, you plan to fail.
  • #42,062
  • Jul 24, 2018 9:34am Jul 24, 2018 9:34am
+79
  • #42,063
  • Jul 24, 2018 9:37am Jul 24, 2018 9:37am
Quoting Mr. Pip
One thing I've always wondered, where are my lady traders? Do we have any women Traders? Women believe it or not make great traders. Let me know who you are.
Lady trader here. Love the thread and the youtube videos.
  • #42,064
  • Jul 24, 2018 9:37am Jul 24, 2018 9:37am
i have been thinking about the accumulation/consumption topic that was introduced not too long ago.

my understanding is that
accumulation = short bars, almost as if crawling in the opposite(or expected) direction
consumption = bars with strength, moving with ease in the opposite(or expected) direction

is my understanding correct?
  • #42,065
  • Jul 24, 2018 9:37am Jul 24, 2018 9:37am
Quoting Mr. Pip
{quote} We can do one on July 31 next Tuesday. How does that sound?
Sounds good! I'm in!
  • #42,066
  • Jul 24, 2018 9:38am Jul 24, 2018 9:38am
Quoting gilly18
Hi Mr. Pip. I used to lurk and follow your great thread here last year but had to stop due to work travel. Just came back and register a new member id. I have a question. I have your older docs DCAST CAPITAL ADVANCE PATTERNS RULES OF ENGAGEMENT and Advance Pattern Reference Guide. It seems in the newest posts here that you are using a newer method to trade harmonics where you don't draw out the actual patterns like Bats etc.. I'm not sure I understand how this works. It looks now like supply and demand zones or something related. Can you point me...
Hello Gilly welcome back! I still occasionally trade them but focus on ABCD I do live stream via YouTube one sometimes twice a month. We will probably do one next Tuesday the 31. My channel had all the video lessons and all of the live streams. Subscribe and and enjoy all free!

https://www.youtube.com/channel/UCy5Zq25cFK3FZeF26wn4m0w?view_as=subscriber
If you fail to plan, you plan to fail.
  • #42,067
  • Jul 24, 2018 9:38am Jul 24, 2018 9:38am
Quoting Mr. Pip
{quote} I agree this market might see those levels. I do think we will see complex price action into that which means decent corrections to the down side. This market should be exhausted on the buying side and should correct deeper. Current price action says I'm crazy but the bigger picture tells me the sellers are setting something up. Lets see what happens. I added to my short so I'm in with 100 contracts.

What is the difference between complex price action and a complex correction? Is it the same thing? I do agree about the sellers. I also, don't think your crazy. You are following your plan. And I am not even a tad close to your level of your expertise, although I wish I was.
Luck has no place in trading. Leave that for the poker table.
  • #42,068
  • Jul 24, 2018 9:38am Jul 24, 2018 9:38am
Quoting Pair-me-up
Quick update: Locked some in. {image}
Nice work!
If you fail to plan, you plan to fail.
  • #42,069
  • Jul 24, 2018 9:42am Jul 24, 2018 9:42am
I used to be able to just post a screenshot but now it just shows a link on my post. Whats the easiest way to post my charts?
  • #42,070
  • Jul 24, 2018 9:42am Jul 24, 2018 9:42am
Quoting Mr. Pip
I'm looking to get filled short on the longer term around 25187. Can anyone tell me why? {image}
Short for trading exhaustion expectation

confluence ( before break high price )
1. Price reacted strong at resistance area
2. Current price were at resistances area ( top )
3. Weak NSH
4. Price momentum was weak compare to the down swing
5. This was still in range of complex correction of the down swing

not good = price accelerated upward , the last correction before break was weak
  • #42,071
  • Jul 24, 2018 9:42am Jul 24, 2018 9:42am
Quoting Mr. Pip
{quote} Hello Gilly welcome back! I still occasionally trade them but focus on ABCD I do live stream via YouTube one sometimes twice a month. We will probably do one next Tuesday the 31. My channel had all the video lessons and all of the live streams. Subscribe and and enjoy all free! https://www.youtube.com/channel/UCy5Zq25cFK3FZeF26wn4m0w?view_as=subscriber
Thanks so much.
  • #42,072
  • Jul 24, 2018 9:44am Jul 24, 2018 9:44am
Quoting Eyesonthepip
i have been thinking about the accumulation/consumption topic that was introduced not too long ago. my understanding is that accumulation = short bars, almost as if crawling in the opposite(or expected) direction consumption = bars with strength, moving with ease in the opposite(or expected) direction is my understanding correct?
Not exactly, I know I have to make a lesson on this. Sorry for the delay on this. Small candles into areas of S/R is how absorption present it self. Large candles = accumulation. When you see this take over distances with less candles this is strength. 100% corrections but with more candles = consumption. This means breakdown in order flow the the correcting party trying to make a move weakening the driving party.
If you fail to plan, you plan to fail.
  • #42,073
  • Jul 24, 2018 9:46am Jul 24, 2018 9:46am
Quoting Mr. Pip
I'm looking to get filled short on the longer term around 25187. Can anyone tell me why? {image}
the Garthley that completes in that zone
  • #42,074
  • Jul 24, 2018 9:47am Jul 24, 2018 9:47am
Quoting Pair-me-up
{quote} What is the difference between complex price action and a complex correction? Is it the same thing? I do agree about the sellers. I also, don't think your crazy. You are following your plan. And I am not even a tad close to your level of your expertise, although I wish I was.
Keep at it and you will be there sooner than you thing. A complex correction is just that a complex correction of a main swing. When I refer to complex PA it mean multiple swings into the area. It covers a larger scale as a whole the longer term.
If you fail to plan, you plan to fail.
  • #42,075
  • Jul 24, 2018 9:48am Jul 24, 2018 9:48am
Quoting Mr. Pip
{quote} Not exactly, I know I have to make a lesson on this. Sorry for the delay on this. Small candles into areas of S/R is how absorption present it self. Large candles = accumulation. When you see this take over distances with less candles this is strength. 100% corrections but with more candles = consumption. This means breakdown in order flow the the correcting party trying to make a move weakening the driving party.
thanks! i need to write this down and read it a couple of times to get the concept down.

very clear explanation. thank you very much.
  • #42,076
  • Jul 24, 2018 9:48am Jul 24, 2018 9:48am
Quoting Mr. Pip
I'm looking to get filled short on the longer term around 25187. Can anyone tell me why? {image}
At the 127 extension of the swing from July 2nd to July 10th.
  • #42,077
  • Jul 24, 2018 9:51am Jul 24, 2018 9:51am
Quoting Justaguy
I used to be able to just post a screenshot but now it just shows a link on my post. Whats the easiest way to post my charts?
When you are typing you, you will see an area that says attach files
If you fail to plan, you plan to fail.
  • #42,078
  • Jul 24, 2018 9:53am Jul 24, 2018 9:53am
Quoting 6288monkey
{quote} Short for trading exhaustion expectation confluence ( before break high price ) 1. Price reacted strong at resistance area 2. Current price were at resistances area ( top ) 3. Weak NSH 4. Price momentum was weak compare to the down swing 5. This was still in range of complex correction of the down swing not good = price accelerated upward , the last correction before break was weak
Also a Gartley that has failed now but it only added confluence. Nice work!
If you fail to plan, you plan to fail.
  • #42,079
  • Jul 24, 2018 9:59am Jul 24, 2018 9:59am
Great answers Traders, basically all your answers point to loads of confluence into an exhaustion area that price should respect. Price has found some strength from God knows where to climb higher. I don't think it is sustainable at this rate and we will see our correction soon. We have just completed a second AB=CD to the up side and we should see the sellers more active.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-18 (610 Tick) 2018_07_24.png Size: 61 KB
If you fail to plan, you plan to fail.
  • #42,080
  • Jul 24, 2018 10:00am Jul 24, 2018 10:00am
So does the 31 of July work for you all for the live stream?
If you fail to plan, you plan to fail.
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