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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

  • #301
  • Dec 31, 2012 8:22am Dec 31, 2012 8:22am
Quoting iqyu5an
is this the time ? for BAMM - Bat Action Magnet Move

http://www.forexfactory.com/attachme...5&d=1356854852
wrong quote
  • #302
  • Dec 31, 2012 8:25am Dec 31, 2012 8:25am
Quoting jasonckb
H1 EURUSD seems forming a bearish butterfly. Previous bar is a pin bar and supported by previous demand region. A test to place a buy stop on few pips above previous bar high and target for the point D. A dangerous test as I speculate it is a butterfly rather than it is formed already.
trade opened at 1.31964, SLK moved to BE + at 1.32
  • #303
  • Edited 9:14pm Dec 31, 2012 8:36am | Edited 9:14pm
Harmonic Pattern projection for GJ.


Twinsummit
TAYOR
Attached Image (click to enlarge)
Click to Enlarge Name: eu - 2012.12.31.jpg Size: 181 KB
Trade what you SEE, don't trade what you FEEL. Be Smart! - (Webadoi)
  • #304
  • Dec 31, 2012 8:40am Dec 31, 2012 8:40am
I follow with great interest, this configuration is valid?

Attached Image (click to enlarge)
Click to Enlarge Name: eu1.gif Size: 29 KB
  • #305
  • Edited 8:40pm Dec 31, 2012 9:02am | Edited 8:40pm
Quoting fiovit
I follow with great interest, this configuration is valid?

Attachment

Fiovit,


You need if possible to plot Fibonacci each level. Track price movement within Fib level for precise projection.


Happy New Year guys


Twinsummit
Attached Image (click to enlarge)
Click to Enlarge Name: eu - 2012.12.31 1.0.jpg Size: 154 KB
Trade what you SEE, don't trade what you FEEL. Be Smart! - (Webadoi)
  • #306
  • Dec 31, 2012 9:13am Dec 31, 2012 9:13am
Quoting twinsummit
Fiovit,


You need if possible to plot Fibonacci each level. Track price movement within Fib level for precise projection.


Happy New Year guys


Twinsummit

Thanks for the reply twinsummit, if I fill the chart with fibonacci not understand anything, too many lines, happy new year ..
  • #307
  • Edited 10:18am Dec 31, 2012 9:59am | Edited 10:18am
Quoting sho
Sounds good!

Guys, let's take a look at the Aussie-dollar 1-hour timeframe for the sake of practicing what Mr. Pip has taught us so far.

Is the attached assumption on the current main swing/dominant swing correct?

Really appreciate everyone's comments and analysis...
I was of this opinion as well, but then I went and looked back farther. it appears the main swing may actually occur between Oct. 17th 14:00 and Dec 12th 12:00. Unfortantly, my screen will not zoom out far enough on the 1 hr time frame to show this entire move. However, with this being the case, the dominate swing would then become Dec 12th 12:00 to current. Dec 26th 11:00 may end up being the end of the dominate swing, but that is yet to be determined as the retracement down is hanging around the 50% mark currently, and the move up has yet to reach the 38.2 level.

Opinions? Sorry if I didn't explain this very well, like I said, the inability to zoom out far enough to show the entire main swing really makes it tough to discribe.

edit: I found a 4 hr chart that I was able to show what I'm looking at on...
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 42 KB
  • #308
  • Dec 31, 2012 12:21pm Dec 31, 2012 12:21pm
Quoting iqyu5an
what the nifty fib ? i dunno about that dude..
The tool that shows entry, SL, TP1 and TP2 and BAMM. What's that?
Barry
  • #309
  • Dec 31, 2012 12:23pm Dec 31, 2012 12:23pm
Quoting 45drive45
hi Bary,
Thanks for the reply. I am not actually at trading mode but was rather just trying out manually identifying the common patterns.

We are all waiting for more insights from Mr Pip eagerly, but without knowing even how to draw the patterns on the charts, his teachings will fly over my head!

I was very pleased to be able to draw this bat, but my son said it looked more like a dead butterfly!!!

EDIT: Right after posting..Bat flew up 40 pips
LOL If your son starts trading he'd probable do better than all of us.
Barry
  • #310
  • Dec 31, 2012 12:28pm Dec 31, 2012 12:28pm
Mr. Pip here from the Magic Kingdom. Happy New Year! Hope all you have a fantastic 2013. Ill be back soon to catch up and continue our journey.
If you fail to plan, you plan to fail.
  • #311
  • Dec 31, 2012 12:35pm Dec 31, 2012 12:35pm
Quoting fiovit
I follow with great interest, this configuration is valid?

Attachment
Your pattern uses wrong B point. Also PA closed below fib 78 so pattern invalid
Attached Image (click to enlarge)
Click to Enlarge Name: eu fail.gif Size: 33 KB
Barry
  • #312
  • Dec 31, 2012 12:43pm Dec 31, 2012 12:43pm
Quoting Mr. Pip
Mr. Pip here from the Magic Kingdom. Happy New Year! Hope all you have a fantastic 2013. Ill be back soon to catch up and continue our journey.
If you are in Orlando, you should go watch the Nebraska/Georgia game tomorrow! Happy news years to you as well!
  • #313
  • Dec 31, 2012 12:48pm Dec 31, 2012 12:48pm
Quoting Nate04
I was of this opinion as well, but then I went and looked back farther. it appears the main swing may actually occur between Oct. 17th 14:00 and Dec 12th 12:00. Unfortantly, my screen will not zoom out far enough on the 1 hr time frame to show this entire move. However, with this being the case, the dominate swing would then become Dec 12th 12:00 to current. Dec 26th 11:00 may end up being the end of the dominate swing, but that is yet to be determined as the retracement down is hanging around the 50% mark currently, and the move up has yet to reach...
If you zoom out far enough or go to a higher time frame you probable can find a HH or LL.
IMHO you need to look at the swings that are pertinent to the time frame your trading. For example if you're trading on M5 who cares what is happening on H4. The M5 swings/patterns will complete long before the H4. If you trade the H1 you might look at H4 and maybe even the Daily and so on...
Barry
  • #314
  • Dec 31, 2012 1:02pm Dec 31, 2012 1:02pm
Mr. Pip here from the Magic Kingdom wishing all a very happy New Year!! I will be back soon to catch up and continue or journey.
If you fail to plan, you plan to fail.
  • #315
  • Dec 31, 2012 1:08pm Dec 31, 2012 1:08pm
Thanks for this thread Mr Pip.
Seems to me that EG has completed the AB=CD on the daily
Question: has target been reached? or can we expect another leg?
Is this draw correct?
Thanks for your help.
Attached Image (click to enlarge)
Click to Enlarge Name: posted 12-31 i.jpg Size: 121 KB
  • #316
  • Dec 31, 2012 3:30pm Dec 31, 2012 3:30pm
Quoting Bary
Mr Pip day trades on a smaller time frame to get several opportunities per day. A higher time frame like H1 will give you less opportunities and maybe not see a pattern every day. He has said that he knows whats happening on higher time frames even while trading the lower time frames. That will come with experience.
Hi Barry

Thank you for your prompt reply.

Do you guys trade 15min or 5min timeframe and do you have a risk reward ratio you stick to?
  • #317
  • Dec 31, 2012 3:39pm Dec 31, 2012 3:39pm
Quoting Mr. Pip
Mr. Pip here from the Magic Kingdom wishing all a very happy New Year!! I will be back soon to catch up and continue or journey.
Enjoy! Happy new year to you and your family!

Joining this amazing thread. I've spent the last day of the year reading the whole thing. Great job of the guys who have put together the main Posts so far (bad thing I saw them until I had done it myself too LOL).

Can't wait to see the things to come!
Best time to plant a tree was 20 years ago, second best is now
  • #318
  • Dec 31, 2012 4:13pm Dec 31, 2012 4:13pm
Hi i am at the beginning reading yur thread. I have a question how do you know what pattern will work if for example one pattern fail it will build anoter. Also confluense. You can always find confluense there are so many how do you know the one that is the right are from the ones that is whrong ?

Best regards
  • #319
  • Dec 31, 2012 6:30pm Dec 31, 2012 6:30pm
Happy New Year y'all from rainy England!
  • #320
  • Jan 1, 2013 1:17am Jan 1, 2013 1:17am
Quoting jasonckb
H1 EURUSD seems forming a bearish butterfly. Previous bar is a pin bar and supported by previous demand region. A test to place a buy stop on few pips above previous bar high and target for the point D. A dangerous test as I speculate it is a butterfly rather than it is formed already.
After reviewing the chart again, I change the view it is a potential Gartley rather than a butterfly with AB leg retrace 0.612 (close to 0.618) and BC retrace to 0.913 (close to 0.886, only 8 pips away), now target at 0.786XA (1.3258), 1.414BC(1.3265) and 1.618BC (1.3278),
Attached Image (click to enlarge)
Click to Enlarge Name: potential bearish gartley in h1 eurusd.gif Size: 35 KB
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