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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

  • #81
  • Dec 27, 2012 3:10pm Dec 27, 2012 3:10pm
As per your chart, isnt point B and point C also dominant swing since this swing high and lows are also within main swing too ? you have mentioned swings between A&B , C&D as dominant swings, but why not B&C ?

Quoting Mr. Pip
I think now is a good time to discuss swings. We will not get into counting waves as these patterns do not call for this type of analysis. I believe wave may add value in adding further confirmation but it is not required to identify the patterns we will be looking at.


[font=Calibri][size=3]We look for price to be within a high and a low of a swing this is what I refer to a dominant swing. We also look for sore thumb high and a low. I refer to this as the main swing and always have the dominant swing within...
  • #82
  • Dec 27, 2012 3:13pm Dec 27, 2012 3:13pm
Hello Mr. Pip

It's a very interesting thread. I'm interested in Harmonics because I put away a lot of indicators. Now I use only MAs and Aroon and I hope will not need them in the future.

Looking forward of the next posts.
  • #83
  • Dec 27, 2012 3:31pm Dec 27, 2012 3:31pm
Quoting Mr. Pip
Yes, This man is a pioneer in harmonics,

Harmonic Trading, Profiting from the Natural Order of the Finacial Markets by Scott Carney I do not have a digital copy or I would post it for you the book is a bit pricey but well worth the investment. He has a site where you can grab an earlier version of this book for free just visit and download the book. The new version is a more current. I'm glad you are enjoying this. I enjoy it too.

Regards,

Mr. Pip
Thanks bro I downloaded the free PDF and will go over it thoroughly.
In trading, you have to be defensive and aggressive at the same time
  • #84
  • Dec 27, 2012 3:38pm Dec 27, 2012 3:38pm
this has been puzzleing me
I've been taught that for a valid pattern to exist there should be a AB=CD or an alternate AB=CD pattern (1,272 or 1,618) the way it should be drawn is a fib retracement from A to B and then move the fib up to the start of the CD leg like this
http://s13.postimage.org/u5cv3y10z/Capture1.jpg (http://postimage.org/image/u5cv3y10z/)
or should it be done as a fib extension like this
http://s7.postimage.org/vnaktyhhz/Capture2.jpg (http://postimage.org/image/vnaktyhhz/)

if you cannot see it on the pictures the CD leg converge with the 88,6 of the xa at the 1.41 extension on the first pic, which means a none valid entry. where on the second picture it converges quiet nicely at the 88,6 with the 1,618 extension.
  • #85
  • Dec 27, 2012 4:12pm Dec 27, 2012 4:12pm
On the daily USDCAD I found this situation how would you trade this:

1. Go for the AB=CD
2. Go for the Gartley

http://img201.imageshack.us/img201/2254/usdcadjy.png

Thank you!
  • #86
  • Dec 27, 2012 4:51pm Dec 27, 2012 4:51pm
Excellent questions. I'm out with the familia and will be back to answer them all. I'm very pleased this the questions presented. Keep them coming.
If you fail to plan, you plan to fail.
  • #87
  • Dec 27, 2012 5:10pm Dec 27, 2012 5:10pm
Thanks for taking the time to share Mr. Pip. Also appreciated your video...very helpful and hope when you have time you will do more videos to show how you think and and form your logic for trading decisions Thanks again
  • #88
  • Dec 27, 2012 5:41pm Dec 27, 2012 5:41pm
USDCAD: Daily
Is it a Bat... or is it a Double Bat ?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2012.12.28.USDCAD.DailyBat.jpg Size: 74 KB
Click to Enlarge Name: 2012.12.28.USDCAD.Daily.DblBat.jpg Size: 82 KB
  • #89
  • Dec 27, 2012 5:56pm Dec 27, 2012 5:56pm
USDCAD:
from a monthly perspective...
Attached Image (click to enlarge)
Click to Enlarge Name: 2012.12.28.USDCAD.MonthlyBat.jpg Size: 73 KB
  • #90
  • Dec 27, 2012 6:10pm Dec 27, 2012 6:10pm
Quoting deanoracer
USDCAD: Daily
Is it a Bat... or is it a Double Bat ?
The B point has retraced above 0.500 so IMO we are watching a Gartley forming.

Mr. Pip correct me if Im wrong
  • #91
  • Dec 27, 2012 6:33pm Dec 27, 2012 6:33pm
Quoting zola320
The B point has retraced above 0.500 so IMO we are watching a Gartley forming.

Mr. Pip correct me if Im wrong
Agreed - the point B did trade above the 50 - on your chart, based on your XA leg.
Notice my XA leg is longer than yours... my point B traded right to the 50...
  • #92
  • Dec 27, 2012 7:05pm Dec 27, 2012 7:05pm
Quoting alij79
As per your chart, isnt point B and point C also dominant swing since this swing high and lows are also within main swing too ? you have mentioned swings between A&B , C&D as dominant swings, but why not B&C ?
Which chart are you refering to? Please help me ot so I can help you which post number.
If you fail to plan, you plan to fail.
  • #93
  • Dec 27, 2012 7:05pm Dec 27, 2012 7:05pm
Quoting hansjs
Hello Mr. Pip

It's a very interesting thread. I'm interested in Harmonics because I put away a lot of indicators. Now I use only MAs and Aroon and I hope will not need them in the future.

Looking forward of the next posts.
I hope so too.
If you fail to plan, you plan to fail.
  • #94
  • Dec 27, 2012 7:12pm Dec 27, 2012 7:12pm
Quoting deanoracer
Agreed - the point B did trade above the 50 - on your chart, based on your XA leg.
Notice my XA leg is longer than yours... my point B traded right to the 50...
You are absolutely right it's a Bat. Learning from mistakes

http://img16.imageshack.us/img16/9705/testalb.png

Thank you!!
  • #95
  • Dec 27, 2012 7:18pm Dec 27, 2012 7:18pm
Thank you Mr. Pip for your work.
I'm veryi nterest to learn the harmonic and ratio structure.
Can you raccommend me where i can learn it or where i can start to study?
Thank you
  • #96
  • Dec 27, 2012 7:33pm Dec 27, 2012 7:33pm
Quoting jb19
this has been puzzleing me
I've been taught that for a valid pattern to exist there should be a AB=CD or an alternate AB=CD pattern (1,272 or 1,618) the way it should be drawn is a fib retracement from A to B and then move the fib up to the start of the CD leg like this
http://s13.postimage.org/u5cv3y10z/Capture1.jpg (http://postimage.org/image/u5cv3y10z/)
or should it be done as a fib extension like this
http://s7.postimage.org/vnaktyhhz/Capture2.jpg (http://postimage.org/image/vnaktyhhz/)

if you...
This is the proper way to analyze a Bat Pattern.
Attached Image (click to enlarge)
Click to Enlarge Name: ANATOMY OF A BAT.jpg Size: 132 KB
If you fail to plan, you plan to fail.
  • #97
  • Dec 27, 2012 7:39pm Dec 27, 2012 7:39pm
Quoting zola320
On the daily USDCAD I found this situation how would you trade this:

1. Go for the AB=CD
2. Go for the Gartley

http://img201.imageshack.us/img201/2254/usdcadjy.png

Thank you!
It doesn't matter a Gartley has an ABCD pattern in it most harmonic patterns do. I will say that what you are looking at is not a Gartley pattern and XA are not correct as well can you tell me why you chose that as X?
If you fail to plan, you plan to fail.
  • #98
  • Dec 27, 2012 7:41pm Dec 27, 2012 7:41pm
I've been reading this thread since the beginning, and its quite apparent to me there are some on here who are already miles ahead of me... Bats, etc... Obviously I have no clue how to identify them yet. One question for Mr. Pip concerning your swings on page 3. How far back do you usually look on your charts? Like in the chart I've posted below, would the main swing start from Nov. 16th to Dec. 12th with the dominate swing from Dec. 12th to Dec. 26th? Or if you brought it in for a closer look, like I did in the second chart, would Dec. 12th to Dec. 26th be the main swing, with Dec 26 to Dec 27 being the dominate swing.

I guess what I'm asking is, how long range do you usually go, and are the swings more reliable the closer in time you get, or the farther back?

Sorry if these questions are pretty noob... But these are the kind of things I wonder about. Anyways, I'll try not to get too confused. Can't wait to see you bring the details!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chart1.jpg Size: 90 KB
Click to Enlarge Name: chart2.jpg Size: 86 KB
  • #99
  • Dec 27, 2012 7:45pm Dec 27, 2012 7:45pm
Quoting Ed777
Thanks for taking the time to share Mr. Pip. Also appreciated your video...very helpful and hope when you have time you will do more videos to show how you think and and form your logic for trading decisions Thanks again
Here you go hope it helps.

http://www.youtube.com/watch?v=fP8jQw6ZGjI&feature=player_detailpage
If you fail to plan, you plan to fail.
  • #100
  • Dec 27, 2012 7:45pm Dec 27, 2012 7:45pm
Quoting Mr. Pip
It doesn't matter a Gartley has an ABCD pattern in it most harmonic patterns do. I will say that what you are looking at is not a Gartley pattern and XA are not correct as well can you tell me why you chose that as X?
My X was wrong I corrected it.. when I was drawing the pattern I was not on full screen so I have not seen the higher high....
New lesson learned always draw in full screen
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