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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

  • #101
  • Dec 27, 2012 7:51pm Dec 27, 2012 7:51pm
Quoting deanoracer
USDCAD: Daily
Is it a Bat... or is it a Double Bat ?
I have not taken the time to measure it out but to answer your question, there is no such thing as a double Bat. It is very common to see patterns within patterns and if your fibs are correct they compliment each other very well. This confluence at C of the bigger Bat offers a high probability trade long at C to D completion. You can then short D. Really take advantage of the pattern.
If you fail to plan, you plan to fail.
  • #102
  • Dec 27, 2012 7:53pm Dec 27, 2012 7:53pm
Quoting deanoracer
USDCAD:
from a monthly perspective...
Tell me where the main and dominant swings are?
If you fail to plan, you plan to fail.
  • #103
  • Dec 27, 2012 7:57pm Dec 27, 2012 7:57pm
My baby steps in harmonics
I feel like a kid in a candy store.Love it.Feel free to criticize.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 25 KB
In trading, you have to be defensive and aggressive at the same time
  • #104
  • Dec 27, 2012 8:02pm Dec 27, 2012 8:02pm
Quoting Mr. Pip
Tell me where the main and dominant swings are?

I don't really use the terms main or dominant when referring to swings.
This Monthly perspective is just a pattern potential that my eye picked out while reviewing monthly charts for my year-end analysis... and just was sharing with your group... the points identified are valid from a fibo perspective.

Also, my apologies for the term "Double Bat".
As Mr. Pip has stated: "A pattern within a pattern" is the correct way to identify it.

I guess after all the time I spent learning and studying these patterns, I just began to nickname specific setups as they repeat themselves over and over again...
  • #105
  • Dec 27, 2012 8:03pm Dec 27, 2012 8:03pm
Quoting Mr. Pip
This is the proper way to analyze a Bat Pattern.
So my drawing pattern on this chart is not valid because point B is close beyond the 50% of XA ?
Attached Image (click to enlarge)
Click to Enlarge Name: H1.JPG Size: 101 KB
Dangdut is a music of my country
  • #106
  • Dec 27, 2012 8:07pm Dec 27, 2012 8:07pm
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
Still a potential Bat look at the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: $USDCAD (Daily) 5_1_2012 - 12_28_2012.jpg Size: 115 KB
If you fail to plan, you plan to fail.
  • #107
  • Dec 27, 2012 8:10pm Dec 27, 2012 8:10pm
Quoting dasio
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
Well right here and a few post back a book was recommended. Please read through and you will see it.
If you fail to plan, you plan to fail.
  • #108
  • Dec 27, 2012 8:23pm Dec 27, 2012 8:23pm
Guys do I have this correct?
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 22 KB
In trading, you have to be defensive and aggressive at the same time
  • #109
  • Dec 27, 2012 8:29pm Dec 27, 2012 8:29pm
Quoting Davit
Guys do I have this correct?
I have the same view, and now looking the bearish pattern on lower time frame
Dangdut is a music of my country
  • #110
  • Dec 27, 2012 8:31pm Dec 27, 2012 8:31pm
Quoting NuNix
I have the same view, and now looking the bearish pattern on lower time frame
Thank you.What I been reading D is 1.618 which is 3170 and if bullish trend is still alive we expect strong support at 3170.
In trading, you have to be defensive and aggressive at the same time
  • #111
  • Dec 27, 2012 8:39pm Dec 27, 2012 8:39pm
Quoting Nate04
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...

Hey Nate,


I promise we will all end up on the same page. You are ashort step away from being able to identify the swings. Don’t sweat it I will always take the time to make sure everyone understands. Ask the questions you need to ask no question is too elementary and they are all welcomed.


The proper answer is as long as it takes. In strong trends you will see extended swings. They are not any more or less reliable on time but more on the ratios. Your swing analysis is correct and to show you some harmonics within the main swing there was an ABCD. They guide us through price action. Harmonics are everywhere.
Attached Image (click to enlarge)
Click to Enlarge Name: $AUDUSD (60 Min) 12_27_2012.jpg Size: 110 KB
If you fail to plan, you plan to fail.
  • #112
  • Dec 27, 2012 8:43pm Dec 27, 2012 8:43pm
EU M5 : bat or AB=CD ?
Attached Image (click to enlarge)
Click to Enlarge Name: M5.JPG Size: 86 KB
Dangdut is a music of my country
  • #113
  • Dec 27, 2012 8:48pm Dec 27, 2012 8:48pm
Quoting Davit
My baby steps in harmonics
I feel like a kid in a candy store.Love it.Feel free to criticize.
Looks okay but make sure you include the tails. From here we are in the process of qualifying a Gartley or an ABCD. Time will tell.
If you fail to plan, you plan to fail.
  • #114
  • Dec 27, 2012 8:52pm Dec 27, 2012 8:52pm
Quoting deanoracer
I don't really use the terms main or dominant when referring to swings.
This Monthly perspective is just a pattern potential that my eye picked out while reviewing monthly charts for my year-end analysis... and just was sharing with your group... the points identified are valid from a fibo perspective.

Also, my apologies for the term "Double Bat".
As Mr. Pip has stated: "A pattern within a pattern" is the correct way to identify it.

I guess after all the time I spent learning and studying these patterns, I just began to nickname...
Okay
If you fail to plan, you plan to fail.
  • #115
  • Dec 27, 2012 9:02pm Dec 27, 2012 9:02pm
Quoting NuNix
So my drawing pattern on this chart is not valid because point B is close beyond the 50% of XA ?
That is correct. We are lookingat a Gartley pattern with the completion of the ABCD.
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD (60 Min) 12_27_2012.jpg Size: 90 KB
If you fail to plan, you plan to fail.
  • #116
  • Dec 27, 2012 9:04pm Dec 27, 2012 9:04pm
Quoting Mr. Pip
Hey Nate,


I promise we will all end up on the same page. You are ashort step away from being able to identify the swings. Don’t sweat it I will always take the time to make sure everyone understands. Ask the questions you need to ask no question is too elementary and they are all welcomed.


[size=3][font=Calibri]The proper answer is as long as it takes. In strong trends you will see extended swings. They are not any more or less reliable on time but more on the ratios....
Thanks for the help! Can't wait for some more instruction.
  • #117
  • Dec 27, 2012 9:07pm Dec 27, 2012 9:07pm
Quoting Davit
Guys do I have this correct?
Yes D will complete the ABCD and the Gartley I already posted the chart. What will invalidate this premise? What will have to happen to validate our analysis? Anyone want to take a shot at it?
If you fail to plan, you plan to fail.
  • #118
  • Dec 27, 2012 9:09pm Dec 27, 2012 9:09pm
Quoting Davit
Thank you.What I been reading D is 1.618 which is 3170 and if bullish trend is still alive we expect strong support at 3170.

This is not necessarily true. Point D depends on how deep point C goes review the first video I posted it will help clear this up.
If you fail to plan, you plan to fail.
  • #119
  • Dec 27, 2012 9:18pm Dec 27, 2012 9:18pm
Quoting Mr. Pip
That is correct. We are lookingat a Gartley pattern with the completion of the ABCD.
I found a bearish pattern on M5, is this a bearish bat?

Am I too hurry when call the order?
Attached Image (click to enlarge)
Click to Enlarge Name: M5.JPG Size: 57 KB
Dangdut is a music of my country
  • #120
  • Dec 27, 2012 9:19pm Dec 27, 2012 9:19pm
Quoting NuNix
EU M5 : bat or AB=CD ?
No Bat
If you fail to plan, you plan to fail.
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