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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

  • #401
  • Jan 1, 2013 7:42pm Jan 1, 2013 7:42pm
Looking forward to going over the ABCD pattern!
  • #402
  • Jan 1, 2013 8:02pm Jan 1, 2013 8:02pm
Quoting Korndawg
Mr Pip, I do have a Q and no hurry to answer, but I was wondering just where you start your first X to A...there was a post #277 by Ezzy that involves the USDCAD where he starts his X way at the top and then you posted a chart in post #349 where you started your XA at the bottom.....Im thinking, which is dangerous, that maybe you just go back to see the most significant high or low and start from there....I imagine it may also has to do with what time frame you are viewing .......I just want to get this right and want to get on this boat before...
Hey Korn, I also feel that I need to get this right, I thought that the main swing would be a HH or LL. I might re-read some of Mr Pip's earlier posts, but like with everything, practice makes perfect so for the time being, I'll be posting charts etc as a way of practicing, and requesting feedback, in order to learn things properly.
What you do is a reflection of you....what I do is a reflection of me.
  • #403
  • Jan 1, 2013 8:06pm Jan 1, 2013 8:06pm
This is the Bat I was referring to from pg 1 of this thread that's slightly different from yours with X at 1.3294
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD_1hr.png Size: 35 KB
  • #404
  • Jan 1, 2013 8:07pm Jan 1, 2013 8:07pm
Quoting iqyu5an
111 pip range arleady today ...
better waiting another setup. market is hot
Low volume? Which MT4 broker are u using?
.
  • #405
  • Jan 1, 2013 8:33pm Jan 1, 2013 8:33pm
About books I know you recomend volume 1 but do you also recomend volume 2 and how about larry pesaventos book ?

Best regards
  • #406
  • Jan 1, 2013 8:48pm Jan 1, 2013 8:48pm
EU

waiting....
Attached Image (click to enlarge)
Click to Enlarge Name: 50 pattern eu 1.gif Size: 32 KB
not euphoria follower
  • #407
  • Jan 1, 2013 8:54pm Jan 1, 2013 8:54pm
market never stops even on saturday/sunday or even big holidays. on prev chart i use xemarkets. but we could check it on xe.com also.


Quoting max pain
Low volume? Which MT4 broker are u using?
not euphoria follower
  • #408
  • Jan 1, 2013 8:59pm Jan 1, 2013 8:59pm
harmonic and fib ratio will give us good sign where we should entry,sl and TP. but not for when . for when..like or dislike ... we should use additional indi for this. just use simple one that we're comfort with only....

iqyu
not euphoria follower
  • #409
  • Jan 1, 2013 9:03pm Jan 1, 2013 9:03pm
Quoting iqyu5an
EU

waiting....
Waiting for Short? or waiting for further up.
In trading, you have to be defensive and aggressive at the same time
  • #410
  • Jan 1, 2013 9:07pm Jan 1, 2013 9:07pm
Mr Pip
Please excuse me as my chart may be erroneous.I am still learning.I took consideration your comment about drawing fibs from key swing.
My chart on AU is on daily.
All the numbers fit into Gartley pattern XAB=CD BC is .618 exact retrace and my D is 1.618
As you can tell I am very excited about learning harmonics and looking forward to your teachings.
Attached Image (click to enlarge)
Click to Enlarge Name: au.gif Size: 31 KB
In trading, you have to be defensive and aggressive at the same time
  • #411
  • Jan 1, 2013 9:09pm Jan 1, 2013 9:09pm
Both of ....

all depends on Price Action


Quoting Davit
Waiting for Short? or waiting for further up.
Attached Image (click to enlarge)
Click to Enlarge Name: 50 pattern eu 2.gif Size: 35 KB
not euphoria follower
  • #412
  • Jan 1, 2013 9:14pm Jan 1, 2013 9:14pm
Quoting Davit
Mr Pip
Please excuse me as my chart may be erroneous.I am still learning.I took consideration your comment about drawing fibs from key swing.
My chart on AU is on daily.
All the numbers fit into Gartley pattern XAB=CD BC is .618 exact retrace and my D is 1.618
As you can tell I am very excited about learning harmonics and looking forward to your teachings.
As far I as understand PRZ is always at the D point not C.
  • #413
  • Jan 1, 2013 9:20pm Jan 1, 2013 9:20pm
totally agree but we could trade from C to D or at least B to D and then D to B.

trade from C or B to D, shortly called as BAMM ( BAT Action Magnet Move , documented by Scott Carney, in his book "Harmonic Trading of the Financial Markets: Volume Two".).

just imho

Quoting FusionF
As far I as understand PRZ is always at the D point not C.
not euphoria follower
  • #414
  • Jan 1, 2013 9:21pm Jan 1, 2013 9:21pm
Quoting iqyu5an
totally agree but we could trade from C to D or at least B to D and then D to B.

trade from C or B to D, shortly called as BAMM ( BAT Action Magnet Move , documented by Scott Carney, in his book "Harmonic Trading of the Financial Markets: Volume Two".).

just imho
Sure, it's just a higher risk trade.
  • #415
  • Jan 1, 2013 9:25pm Jan 1, 2013 9:25pm
why ? if we're in C ( say in 1 H )... there should be "d " in lower TF ( say 15 m ) as sub pattern of BC leg . so when we trade from C to D. we just trade from "d - lower TF" to " D - higher TF "

ah just my imho dude... everyone has their own strategy of crozzz


Quoting FusionF
Sure, it's just a higher risk trade.
not euphoria follower
  • #416
  • Jan 1, 2013 9:35pm Jan 1, 2013 9:35pm
Quoting iqyu5an
Both of ....

all depends on Price Action
I agree on trading on different levels.For me any valid set up is trade-able.

If you are waiting for price action as you say to confirm either up or down then what purpose was your pattern drawn for.
I like to understand your thought process.Why draw the complicated pattern and then wait and do nothing.
In trading, you have to be defensive and aggressive at the same time
  • #417
  • Edited 9:50pm Jan 1, 2013 9:39pm | Edited 9:50pm
waiting ?? coz gimme bad reward risk ratio... Simple..isn't it ? am just waiting PA action that gimme good reward risk ratio.. at least 2 : 1 . OR 1 : 1 for scalp.

to answer when to entry... personally i need additional tools ( only 1 indi, mt4 standard )... but as i said earlier .. i have to respect this thread. coz mr. pip wants clean chart and simple. and i agree with that


what purpose was your pattern drawn for : planning

Quoting iqyu5an
harmonic and fib ratio will give us good sign where we should entry,sl and TP. but not for when . for when..like or dislike ... we should use additional indi for this. just use simple one that we're comfort with only....




iqyu
Quoting Davit
I agree on trading on different levels.For me any valid set up is trade-able.

If you are waiting for price action as you say to confirm either up or down then what purpose was your pattern drawn for.
I like to understand your thought process.Why draw the complicated pattern and then wait and do nothing.
not euphoria follower
  • #418
  • Jan 1, 2013 10:01pm Jan 1, 2013 10:01pm
Quoting iqyu5an
waiting ?? coz gimme bad reward risk ratio... Simple..isn't it ? am just waiting PA action that gimme good reward risk ratio.. at least 2 : 1 . OR 1 : 1 for scalp.

to answer when to entry... personally i need additional tools ( only 1 indi, mt4 standard )... but as i said earlier .. i have to respect this thread. coz mr. pip wants clean chart and simple. and i agree with that


what purpose was your pattern drawn for : planning
Please if its not intrusive on my part I like to understand your view of the market.
You drew the Bat pattern and drew the fib levels and based on your drawing and fibs looks like Price may go down but you are in planning stage.What interests me -what purpose harmonic pattern you drew has any input in your planning.
What I am trying to say is if you had naked chart and you were still planning then what does pattern you drew make any difference in your outlook.
Thank you
In trading, you have to be defensive and aggressive at the same time
  • #419
  • Jan 1, 2013 10:23pm Jan 1, 2013 10:23pm
hope this link (http://www.forexfactory.com/attachment.php?attachmentid=1108358&stc=1&d=1357107612) will explain what i think ... about when for BAMM and how i draw fib from A to B . Detail ratio that i use : here (http://www.forexfactory.com/showthread.php?p=6331014#post6331014)

and about BAMM.. that's not my own term.. u can get more about BAMM (here (http://www.trade-forex-harmonic-patterns.com/harmonic-trading-tips-bat-pattern.html)) .

Quoting Davit
Please if its not intrusive on my part I like to understand your view of the market.
You drew the Bat pattern and drew the fib levels and based on your drawing and fibs looks like Price may go down but you are in planning stage.What interests me -what purpose harmonic pattern you drew has any input in your planning.
What I am trying to say is if you had naked chart and you were still planning then what does pattern you drew make any difference in your outlook.
Thank you
not euphoria follower
  • #420
  • Jan 2, 2013 12:31am Jan 2, 2013 12:31am
http://content.screencast.com/users/...01-02_0830.png

How does this look?
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