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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

  • #48,821
  • Oct 31, 2019 9:51am Oct 31, 2019 9:51am
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  • #48,822
  • Oct 31, 2019 10:03am Oct 31, 2019 10:03am
Quoting endofwave
{image}
Got the ol Butterfly I see..... I missed it....
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  • #48,823
  • Edited 5:54pm Oct 31, 2019 10:09am | Edited 5:54pm
Took a trade out of my plan but market extended with small risk and large reward. Going to trail up to 618 behind the fibs and structure.

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Taken out at stop. +10 on one trade today.
Good work is the key to good fortune
  • #48,824
  • Oct 31, 2019 10:19am Oct 31, 2019 10:19am
Out
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  • #48,825
  • Oct 31, 2019 10:41am Oct 31, 2019 10:41am
Bat setup inside the Butterfly AOI
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  • #48,826
  • Oct 31, 2019 10:49pm Oct 31, 2019 10:49pm
Quoting bmdenton23
Bat setup inside the Butterfly AOI {image}
So far the Butterfly is flying
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  • #48,827
  • Oct 31, 2019 10:51pm Oct 31, 2019 10:51pm
May I know if you guys are using any indicators to find the harmonic patterns? Thanks!
  • #48,828
  • Nov 1, 2019 6:45am Nov 1, 2019 6:45am
https://www.tradingview.com/x/9pR1WMZJ/

What do you think of this setup please!!
  • #48,829
  • Nov 1, 2019 8:40am Nov 1, 2019 8:40am
Quoting bmdenton23
{quote} So far the Butterfly is flying {image}
Nice! You nailed it from the completion.
Damn The Torpedoes, Full Speed Ahead!
  • #48,830
  • Nov 1, 2019 9:23am Nov 1, 2019 9:23am
Quoting arrowminds
https://www.tradingview.com/x/9pR1WMZJ/ What do you think of this setup please!!
well , I what is your rule for HL near the first red arrow ? is it the same 38.2 retreacement as mr pip ? other than that, seems pretty good.

I may be biased, but way of highlighting the areas seems close to what I do. Maybe as an advice, lose the indicators and do those areas and order flow on a smaller time frame to "guide you". ( although the indicators seem to be working well )
  • #48,831
  • Nov 1, 2019 10:49am Nov 1, 2019 10:49am
40 for me
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  • #48,832
  • Nov 2, 2019 6:47am Nov 2, 2019 6:47am
Quoting bmdenton23
{quote} So far the Butterfly is flying {image}
Do you use any software for identifying harmonic pattern?
  • #48,833
  • Nov 2, 2019 6:30pm Nov 2, 2019 6:30pm
A little gift for the thread. Attached is the XABCD drawing tool update.
After importing you'll find it under bmdXABCD. Remember that you can assign any drawing tool to a hotkey for easy access.

The drawing tool expects you to draw your own XABCD's and will label the pattern as Gartley/Bat/Butterfly/Crab within a tolerance % if your XABCD matches a pattern. Note that these patterns are as defined by Mr. Pip and not Scott Carney. We are working on a future update where we will give you the option of switching to Scott's pattern measurements.

The dotted lines represent the AOI for the pattern. The .382 BE and .618 target lines represent the breakeven and target prices for the pattern.

In the drawing tool options you can change the tolerance% from the default of 3% which applies to all fib measurements.
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Attached File(s)
File Type: zip XABCD.zip   9 KB | 671 downloads
  • #48,834
  • Nov 2, 2019 6:32pm Nov 2, 2019 6:32pm
Attached Image
  • #48,835
  • Nov 2, 2019 6:58pm Nov 2, 2019 6:58pm
Quoting bmdenton23
A little gift for the thread. Attached is the XABCD drawing tool update. After importing you'll find it under bmdXABCD. Remember that you can assign any drawing tool to a hotkey for easy access. The drawing tool expects you to draw your own XABCD's and will label the pattern as Gartley/Bat/Butterfly/Crab within a tolerance % if your XABCD matches a pattern. Note that these patterns are as defined by Mr. Pip and not Scott Carney. We are working on a future update where we will give you the option of switching to Scott's pattern measurements. The...
Dude, awesome! Thank you for all the effort and sharing!
Wow! I've got some experience to gain.
  • #48,836
  • Nov 3, 2019 7:49am Nov 3, 2019 7:49am
Quoting bmdenton23
A little gift for the thread. Attached is the XABCD drawing tool update. After importing you'll find it under bmdXABCD. Remember that you can assign any drawing tool to a hotkey for easy access. The drawing tool expects you to draw your own XABCD's and will label the pattern as Gartley/Bat/Butterfly/Crab within a tolerance % if your XABCD matches a pattern. Note that these patterns are as defined by Mr. Pip and not Scott Carney. We are working on a future update where we will give you the option of switching to Scott's pattern measurements. The...
Thanks for sharing.Very good drawing tool.
  • #48,837
  • Nov 3, 2019 2:42pm Nov 3, 2019 2:42pm
Quoting bmdenton23
A little gift for the thread. Attached is the XABCD drawing tool update. After importing you'll find it under bmdXABCD. Remember that you can assign any drawing tool to a hotkey for easy access. The drawing tool expects you to draw your own XABCD's and will label the pattern as Gartley/Bat/Butterfly/Crab within a tolerance % if your XABCD matches a pattern. Note that these patterns are as defined by Mr. Pip and not Scott Carney. We are working on a future update where we will give you the option of switching to Scott's pattern measurements. The...
Thanx for the tool
  • #48,838
  • Nov 3, 2019 3:44pm Nov 3, 2019 3:44pm
Quoting bmdenton23
A little gift for the thread. Attached is the XABCD drawing tool update. After importing you'll find it under bmdXABCD. Remember that you can assign any drawing tool to a hotkey for easy access. The drawing tool expects you to draw your own XABCD's and will label the pattern as Gartley/Bat/Butterfly/Crab within a tolerance % if your XABCD matches a pattern. Note that these patterns are as defined by Mr. Pip and not Scott Carney. We are working on a future update where we will give you the option of switching to Scott's pattern measurements. The...
Tnks bmd (https://www.forexfactory.com/bmdenton23)
  • #48,839
  • Nov 4, 2019 7:36am Nov 4, 2019 7:36am
Quoting bmdenton23
A little gift for the thread. Attached is the XABCD drawing tool update. After importing you'll find it under bmdXABCD. Remember that you can assign any drawing tool to a hotkey for easy access. The drawing tool expects you to draw your own XABCD's and will label the pattern as Gartley/Bat/Butterfly/Crab within a tolerance % if your XABCD matches a pattern. Note that these patterns are as defined by Mr. Pip and not Scott Carney. We are working on a future update where we will give you the option of switching to Scott's pattern measurements. The...
Thanks, nice gift
  • #48,840
  • Nov 4, 2019 11:05am Nov 4, 2019 11:05am
2 trades today, -28, +46
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