Ratios & Harmonics: a Different Way to Trade | Page 2415 | 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

  • #48,281
  • Sep 22, 2019 12:53am Sep 22, 2019 12:53am
The crab clearly was a decent short

now we have a butterfly a a Double bottom, if this doesnt hold not good for bulls
Attached Image (click to enlarge)
Click to Enlarge Name: 1 pip.JPG Size: 201 KB
  • #48,282
  • Sep 22, 2019 3:41am Sep 22, 2019 3:41am
Quoting Pair-me-up
{quote} Yes, I do have rigid rules. Rule 1. Identify the closest V that is in the path of PA. Rule 2 Identify the closest V that is after the V of rule 1. Rule 3 Look left for any V(s) that have confluence. Rule 4 connect said V(s) with box drawing tool for my area. Rule 5 Are there any harmonics that will be completing in that area and if I look to the larger order flow, will my marked areas be obliterated by the larger order flow if the PA on the larger order flow is making a run for a V on the larger order flow. That's it. Very direct and simple....
Appreciate the explanation, Pair-me-up. From the screenshots, am i right to say that you're using a combination of long term structure and intermediate swings for your exit?

Great to see the different ways of trading the same underlying fundamentals.
  • #48,283
  • Sep 22, 2019 3:51am Sep 22, 2019 3:51am
Quoting pradlal
{quote} Appreciate the explanation, Pair-me-up. From the screenshots, am i right to say that you're using a combination of long term structure and intermediate swings for your exit? Great to see the different ways of trading the same underlying fundamentals.
Your welcome.

Yes, I do use long term structure a.k.a larger order flow in combination with the shorter term order flow. I do Multichart analysis. Mr.Pip does the same. Be aware of the larger chart... for example the 1597 tick chart and then know what the 233 tick chart is doing with in it.
Luck has no place in trading. Leave that for the poker table.
  • #48,284
  • Sep 22, 2019 6:20am Sep 22, 2019 6:20am
Folks hello.

I don't have time to read everything here, looking nice 👏👍 but I really need to drop a bit of info on Elliott Waves and all lies that Elliott represents. 👎👎👎

You've been warned.
I just want to help 👍🍻

I did quick search "was Elliott rich" found this...

....Elliott died broke along with Jesus😱

At a trading conference, Alexander Elder made it a point to mention that R.N. Elliott died a relatively poor man. Kind of odd that someone who discovered the "key" to the financial markets didn't make a few bucks.

Alex Elder also had a few words to say about Gann. Apparently, Elder met with Gann's son, who said that his father had been unable to support his family by trading. That's worth saying again: according to his son, Gann was unable to support his family by trading! Instead, Gann earned his living by writing and selling instructional courses.

Ohhhhh nooooooo how the liars were exposed 😱😱😱😱😱😱😱


Reading the book Elliot Wave Principle is like reading a text written by a snake oil salesman.
FAKE TRASH....
If I had the time or inclination I'd make a mock up of an old time snake oil ad replacing the words with things describing the elliot wave theory. And if anything is true about the stock market, is that there is no shortage of snake oil salesmen.....😨😨😨😨😨


Reading the "Elliot Wave Principle" I soon began wondering what a big load of bull dung I was reading. I can't imagine anyone actually using it to trade seriously. I'm of the opinion it's basically used to dupe newbies into believing they could get rich quick in the market...😱😱😱😨😨😨😨

Elliott exposed 👎👎👎
https://www.elitetrader.com/et/threads/did-ralph-elliot-die-broke.287263/

RIP Elliott , you were smart if you tricked millions to lose billions 😭😭😭😭😭😭

Not me.
Beware!!!!!
Beware of robber banks (RB), bad advisors.
  • #48,285
  • Sep 22, 2019 7:34am Sep 22, 2019 7:34am
Quoting Not-KPMG
Folks hello. I don't have time to read everything here, looking nice but I really need to drop a bit of info on Elliott Waves and all lies that Elliott represents. You've been warned. I just want to help I did quick search "was Elliott rich" found this... ....Elliott died broke along with Jesus At a trading conference, Alexander Elder made it a point to mention that R.N. Elliott died a relatively poor man. Kind of odd that someone who discovered the "key" to the financial markets didn't make a...
Welcome to the thread.
Yes, snake oil sales people in every generation.

This thread is about harmonics. So, post some of your charts about harmonics if you like.
Luck has no place in trading. Leave that for the poker table.
  • #48,286
  • Sep 22, 2019 8:38am Sep 22, 2019 8:38am
Quoting Not-KPMG
Folks hello. I don't have time to read everything here, looking nice but I really need to drop a bit of info on Elliott Waves and all lies that Elliott represents. You've been warned. I just want to help I did quick search "was Elliott rich" found this... ....Elliott died broke along with Jesus At a trading conference, Alexander Elder made it a point to mention that R.N. Elliott died a relatively poor man. Kind of odd that someone who discovered the "key" to the financial markets didn't make a...
Alexander Elder -> biggest snake oil salesman there is!
Alexander Elder -> Author of the books I most regret reading !

Thanks, if Alexander Elder disapproves of Elliott waves, then I have to start learning them !

Quote
I did quick search "was Elliott rich" found this...
....Elliott died broke along with Jesus

That is not how you do extensive research on the matter. its not a quick search on google and hitting first link.
Now go learn MACD, since its what you wonderful author promotes and teaches on its books
  • #48,287
  • Sep 22, 2019 1:13pm Sep 22, 2019 1:13pm
Quoting Not-KPMG
Folks hello. I don't have time to read everything here, looking nice but I really need to drop a bit of info on Elliott Waves and all lies that Elliott represents. !
That's a lot of emojis...

"If I had the time or inclination I'd make a mock up of an old time snake oil ad replacing the words with things describing the elliot wave theory. And if anything is true about the stock market, is that there is no shortage of snake oil salesmen...."

If you ask me, thats a rather loaded sentence and the whole point of that post. I would also say that it is a little rude for someone who hasn't read the material to make that comment, but hey, each to their own.

My humble suggestion is to take any system, backtest it for yourself and see if it fits your personality and your trading frequency. If it does, great! If it doesn't, just move on.
  • #48,288
  • Edited 3:56am Sep 23, 2019 1:01am | Edited 3:56am
Update on the butterfly an entry in the PRZ would have worked if you were prepared to hold over weekend

stalled at the central pivot now. key area


and it failed after testing the mid point
Attached Image (click to enlarge)
Click to Enlarge Name: 1 pip.JPG Size: 155 KB
  • #48,289
  • Sep 23, 2019 8:17am Sep 23, 2019 8:17am
GM Traders, Hope you all found value in the video over the weekend. We have another one of those day huge swing to deal with. We also have a live stream on Wednesday so let's get down to business.
If you fail to plan, you plan to fail.
  • #48,290
  • Sep 23, 2019 8:39am Sep 23, 2019 8:39am
Got filled over night on an ABCD on the longer term
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-19 (1597 Tick) 2019_09_23 (9_38_37 AM).png Size: 65 KB
If you fail to plan, you plan to fail.
  • #48,291
  • Sep 23, 2019 8:42am Sep 23, 2019 8:42am
Short on the shorter term. did not expect the buyers to get here so I hope a sign that the sellers are full of shit. The RR was there so bam
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-19 (144 Tick) 2019_09_23 (9_40_44 AM).png Size: 62 KB
If you fail to plan, you plan to fail.
  • #48,292
  • Sep 23, 2019 8:51am Sep 23, 2019 8:51am
Stopped out
If you fail to plan, you plan to fail.
  • #48,293
  • Sep 23, 2019 9:07am Sep 23, 2019 9:07am
long
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-19 (144 Tick) 2019_09_23 (10_07_12 AM).png Size: 70 KB
If you fail to plan, you plan to fail.
  • #48,294
  • Sep 23, 2019 9:09am Sep 23, 2019 9:09am
Good day Traders.

I took a short earlier and got stopped out. 10p slippage in my favour on my entry.

Second trade I entered long since my expectation changed to a NSH. I should have waited for a rotation in my area of interest for better R:R but it is what it is.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 129 KB
  • #48,295
  • Sep 23, 2019 9:31am Sep 23, 2019 9:31am
BE on the shorter term
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-19 (144 Tick) 2019_09_23 (10_31_00 AM).png Size: 89 KB
If you fail to plan, you plan to fail.
  • #48,296
  • Sep 23, 2019 9:54am Sep 23, 2019 9:54am
Have the buyers done enough to get past 95??? Million dollar question.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-19 (144 Tick) 2019_09_23 (10_52_49 AM).png Size: 81 KB
If you fail to plan, you plan to fail.
  • #48,297
  • Sep 23, 2019 9:54am Sep 23, 2019 9:54am
Holy Hell the sellers came in hard
If you fail to plan, you plan to fail.
  • #48,298
  • Sep 23, 2019 9:57am Sep 23, 2019 9:57am
Quoting Mr. Pip
Holy Hell the sellers came in hard
Yes, they did. Australia/ PRC nonsense.
Luck has no place in trading. Leave that for the poker table.
  • #48,299
  • Sep 23, 2019 10:07am Sep 23, 2019 10:07am
Quoting Kayjay2011
Good day Traders. I took a short earlier and got stopped out. 10p slippage in my favour on my entry. Second trade I entered long since my expectation changed to a NSH. I should have waited for a rotation in my area of interest for better R:R but it is what it is. {image}
Got taken out with +3. Didn't really have enough room for a BE cause of the early entry.
  • #48,300
  • Sep 23, 2019 10:07am Sep 23, 2019 10:07am
Ok broke rules and trailed early post session will provide more insight.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-19 (144 Tick) 2019_09_23 (11_07_11 AM).png Size: 97 KB
If you fail to plan, you plan to fail.
1 trader viewing now