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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

  • #361
  • Jan 1, 2013 3:47pm Jan 1, 2013 3:47pm
Let's take a break for dinner I'll beback shortly
If you fail to plan, you plan to fail.
  • #362
  • Jan 1, 2013 3:52pm Jan 1, 2013 3:52pm
Quoting CoolTrader
Lazy ppl dont get meal. There's no short cut for success. It's a journey that you need to travel if you want to get there. Mr. Pip at best can only be your tour guide.
I agree with you.
Best time to plant a tree was 20 years ago, second best is now
  • #363
  • Jan 1, 2013 4:04pm Jan 1, 2013 4:04pm
Mr Pip
Could you share your template?If you are using metatrader4 or 5
I specially like how your triangles are defined by line and shape color and your fibs are color coded.
Thanks a lot.
In trading, you have to be defensive and aggressive at the same time
  • #364
  • Jan 1, 2013 4:14pm Jan 1, 2013 4:14pm
Quoting Davit
Mr Pip
Could you share your template?If you are using metatrader4 or 5
I specially like how your triangles are defined by line and shape color and your fibs are color coded.
Thanks a lot.
Davit, Mr Pip uses Ninja, not MT4
I wish we could do that to our fibs.
My thinkorswim platform also allows it.
Barry
  • #365
  • Jan 1, 2013 4:20pm Jan 1, 2013 4:20pm
Quoting 45drive45
have only been demo trading and using micro accounts with little success so far.
here's my first stab at trying out trading with just patterns..
Possible eu bullish bat??
You are getting ahead of yourself. Please read through the thread or one of the compilations.
If you fail to plan, you plan to fail.
  • #366
  • Jan 1, 2013 4:35pm Jan 1, 2013 4:35pm
Quoting iqyu5an
ready to break "B" from "C" . on the way to "D". trade from C to D , shortly called BAMM

after we're in D where known as PRZ..we could trade from D to B ( at least) ...
Hello Bud,

As you could see price did find the support we discussed and immediately rejected the resistance area I pointed out. Any longs here are very high risk you are going against order flow. Good luck.
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD (60 Min) 12_31_2012.jpg Size: 72 KB
If you fail to plan, you plan to fail.
  • #367
  • Jan 1, 2013 4:40pm Jan 1, 2013 4:40pm
Quoting fiovit
I follow with great interest, this configuration is valid?

Attachment
No friend, it is not plaese re read through the thread. I have already covered this chart in detail post 257, 258.
If you fail to plan, you plan to fail.
  • #368
  • Jan 1, 2013 4:41pm Jan 1, 2013 4:41pm
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
Hello, Good advice!
If you fail to plan, you plan to fail.
  • #369
  • Jan 1, 2013 4:44pm Jan 1, 2013 4:44pm
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...
Don't go crazy on this keep it simple.
If you fail to plan, you plan to fail.
  • #370
  • Jan 1, 2013 4:46pm Jan 1, 2013 4:46pm
Quoting Bary
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...
Excellent!!
If you fail to plan, you plan to fail.
  • #371
  • Jan 1, 2013 4:56pm Jan 1, 2013 4:56pm
Quoting goldbird22
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.
Good job identifying the pattern, entry now would be too late. At the present time Stop would be a BE and taget 1 is at 156 PIPs would have been a nice trade.
Attached Image (click to enlarge)
Click to Enlarge Name: $EURGBP (Daily) 9_10_2012 - 12_31_2012.jpg Size: 78 KB
If you fail to plan, you plan to fail.
  • #372
  • Jan 1, 2013 4:58pm Jan 1, 2013 4:58pm
Quoting horuxito
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!
LOL, welcome aboard
If you fail to plan, you plan to fail.
  • #373
  • Jan 1, 2013 5:00pm Jan 1, 2013 5:00pm
Quoting jgadefelth
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
Let me know when you catch up, if you still have questions then please let me know and I will be happy to answer.
If you fail to plan, you plan to fail.
  • #374
  • Jan 1, 2013 5:06pm Jan 1, 2013 5:06pm
Quoting jasonckb
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),

Jason what rules are you following? How do you come up with a pattern? Please go back and read through the thread. You need to work on your swing identification and PRZ. We will get to the patterns.
If you fail to plan, you plan to fail.
  • #375
  • Jan 1, 2013 5:18pm Jan 1, 2013 5:18pm
Quoting jasonckb
AUDUSD daily chart.......
Potential Butterfly. The 50% at point C must hold.
Attached Image (click to enlarge)
Click to Enlarge Name: $AUDUSD (Daily) 9_11_2012 - 12_31_2012.jpg Size: 93 KB
If you fail to plan, you plan to fail.
  • #376
  • Jan 1, 2013 5:23pm Jan 1, 2013 5:23pm
Quoting jgadefelth
Thanks Bary.

I hope he gives us something really to go on because like i say if one look there is confluense everywhere. Also fibb can be verry vague. But ill keep good hope up and hope this will lead me

Best regards
Hello,

I would like to pick your brain if I might. Please post a chart with your interpretation of vague fibs and confluence. Before I answer your question, I want to make sure we can compare apples to apples. Thanks.
If you fail to plan, you plan to fail.
  • #377
  • Jan 1, 2013 5:33pm Jan 1, 2013 5:33pm
Quoting jasonckb
Yes, it close below 78 in your chart, but in my chart (FxPro), it didn't. So IMHO, HA pattern is not an exact maths. , it is the shape matter rather than all figures exactly match the ratio. And different broker platforms will have different readings in most occasions (small variations), so if too rigid on the figures, it will make the Harmonic Analysis difficult.
Jason,

The figures are not rigid but the rules are. We also have to remember that price will vary slightly between broker and price will not always come to anarea to the pip. In your analysis you will have to determine what is acceptable for you. I will give you some examples.

On a 1H Chart

If price comes to with in 5 pips to a fib target then I will accept as valid.

On a 15M Chart

If price comes to within 3 pips of a fib target I will accept as valid

You must be careful or you will start to lose the intergrity of the patterns. 5 pips on a 1 H chart is not that big a deal but the same 5 pips on a 5 M chart is.
If you fail to plan, you plan to fail.
  • #378
  • Jan 1, 2013 5:42pm Jan 1, 2013 5:42pm
Quoting jgadefelth
In post 209 video 2 o the thread he goes thru some things and shows where price goes and all, but it is all in hindsite. Cant he do some in real time so we can see. We are all good traders in hindsight.


Best regards
This will happen in good time. To add some credibility to my thread I provided two trading opportunities without the benefit of hindsight and they were both very profitable. Also the most recent analysis on EU. I need to know what is your point? Is there a question that would benefit the thread or are you questioning my ability to trade? If there is a question please post it, if you are here to post sensless comments please leave. I have one rule and you have violated it. I will give you the benefit of the doubt and think you have not read through the thread and if I'm wrong then my comment still stands. Good day.
If you fail to plan, you plan to fail.
  • #379
  • Jan 1, 2013 5:48pm Jan 1, 2013 5:48pm
EU now.. 1.3250
not euphoria follower
  • #380
  • Jan 1, 2013 5:48pm Jan 1, 2013 5:48pm
Quoting Damien1881
I was reading the start of this post and although I don't trade the 1 hr time frame - referring to the EURUSD 1 hr Bat on page 1. I do and have been trading harmonic patterns now for about six months and had a look at your chart , I put X in the 'wrong place' , just looking at the first impulse leg as I see it at 1.3294 and this is what I came up with and ended up with confluence of the 88.6 and the 1.618 at 1.3278. If I had of spotted a pattern like this on the time frame I trade I would have taken it. I use limit orders and place my stop 10 pips...
You are welcome unfortunately I can't see your charts. Please repost if you can. thanks again.
If you fail to plan, you plan to fail.
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