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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

  • #521
  • Jan 3, 2013 9:22am Jan 3, 2013 9:22am
Quoting Nate04
Good morning Mr. Pip! Just wanted to check in and let you know I'm still following along. I read your ABCD file yesterday, now i'm trying to locate these patterns... Can't wait to see what you bring later on today. Since I'm very new to this, so far I've been out on the 1 hr time frame, for no other reason than I would like to see these patterns coming from a mile away with plenty of time to identify them. Do you think this is good, or should I jump right in to the lower tf's?
Do what is comfortable for you. If the slower price movement is easier for you then by all means.
If you fail to plan, you plan to fail.
  • #522
  • Jan 3, 2013 9:42am Jan 3, 2013 9:42am
Quoting Mr. Pip
Hello Traders,

Sorry, I've been real busy trading. I will answer your questions later on after my session and I'll try to make a video of my session today explaining my trades. This is not to push you into shorter timeframes but I want you to see how what we do is applicable to any timeframe and how there is no such thing as noise. I also want you to see how I apply what we are learning.
That sounds great Mr. Pip. I look forward to the video!
  • #523
  • Jan 3, 2013 10:05am Jan 3, 2013 10:05am
EURUSD 1H, Bullish Three Drives Pattern. 1.618 Extension. Can any one else confirm? Thanks
Attached Image (click to enlarge)
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Attached Image
"I don't always trade markets, but when I do, I prefer harmonics."
  • #524
  • Jan 3, 2013 10:18am Jan 3, 2013 10:18am
Quoting mduke04
EURUSD 1H, Bullish Three Drives Pattern. 1.618 Extension. Can any one else confirm? Thanks
No the first correction was too shallow only a 23% very bearish order flow which explains why price is hanging out in the PRZ. Bulls and Bears are in the fight of their lives.
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD (60 Min) 1_3_2013.jpg Size: 78 KB
If you fail to plan, you plan to fail.
  • #525
  • Jan 3, 2013 10:19am Jan 3, 2013 10:19am
Okay, I see what you mean. Thanks.

I ended up taking the trade with TP at 38% of H1 down swing. SL is now moved to break even.
"I don't always trade markets, but when I do, I prefer harmonics."
  • #526
  • Jan 3, 2013 10:31am Jan 3, 2013 10:31am
Example of potential ABCD patern on USD/CAD m5
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  • #527
  • Jan 3, 2013 10:39am Jan 3, 2013 10:39am
Quoting mduke04
Okay, I see what you mean. Thanks.

I ended up taking the trade with TP at 38% of H1 down swing. SL is now moved to break even.
These are per the ROE of the pattern. This one right not work out as the bears appear to have more strength. The market is oversold but if price does not climb soon the bulls will lose the opportunity as the bears are resting trying to gain the strength to continue price south.
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD (60 Min) 1_3_2013.jpg Size: 80 KB
If you fail to plan, you plan to fail.
  • #528
  • Jan 3, 2013 10:40am Jan 3, 2013 10:40am
Quoting Mic_FX
Example of potential ABCD patern on USD/CAD m5
Very nice can you find more confluence at the PRZ?
If you fail to plan, you plan to fail.
  • #529
  • Jan 3, 2013 10:41am Jan 3, 2013 10:41am
Stepping away for a while then i'll work on the video.
If you fail to plan, you plan to fail.
  • #530
  • Jan 3, 2013 10:44am Jan 3, 2013 10:44am
Quoting Mr. Pip
Very nice can you find more confluence at the PRZ?
Yes, I see 127% AB, CD is equal AB and we have support from yesterday.
  • #531
  • Jan 3, 2013 11:41am Jan 3, 2013 11:41am
Quoting Mic_FX
Yes, I see 127% AB, CD is equal AB and we have support from yesterday.
If you fail to plan, you plan to fail.
  • #532
  • Jan 3, 2013 11:45am Jan 3, 2013 11:45am
Quoting gbryant20
Ok so I think I am starting to see some of this stuff after lots of watching and reading. Mr. Pip have you gone over the profit target areas? I might have missed them reading over everything so if you can point me to the post it would be greatly appreciated. Thanks
Yes they are attached to the rules
If you fail to plan, you plan to fail.
  • #533
  • Jan 3, 2013 2:02pm Jan 3, 2013 2:02pm
Quoting Mr. Pip
These are per the ROE of the pattern. This one right not work out as the bears appear to have more strength. The market is oversold but if price does not climb soon the bulls will lose the opportunity as the bears are resting trying to gain the strength to continue price south.
Well Traders as I mentioned earlier this one did not work out the Bull were unable to capitalize in the PRZ. When price hangs around the PRZ for and extended period of time there is a high possibility that it will fail.
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD (60 Min) 1_3_2013.jpg Size: 79 KB
If you fail to plan, you plan to fail.
  • #534
  • Jan 3, 2013 2:06pm Jan 3, 2013 2:06pm
Example of potential ABCD patern on EUR/USD m5
Attached Image (click to enlarge)
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  • #535
  • Jan 3, 2013 2:07pm Jan 3, 2013 2:07pm
Quoting Mr. Pip
Hey Dave you are not slow at all just recently it became a main swing. Remember I said it had to achieve at least a 38 % correction for a main swing consideration and it just achieved that. At the time of my post the swing I used was the only one that had a high and low that had a correction of 38%. I will post some charts for you if you still need me to just let me know if you are still fuzzy on this.

The 244 tick is pretty close to the 1 M I believe Bary looked at it. He can probably comment further I believe he was testing this very thing.
It would be great if you could show a few more examples. Thanks!
  • #536
  • Jan 3, 2013 2:10pm Jan 3, 2013 2:10pm
Quoting foxybunny
Your Nzd/Usd H4 chart looks like a possible Short at point-C, or wait till price goes lower pass the 50% mark.
Target could be point-B or point-D.

Then you may have 2 trans, one for Short at point-C, and one for Long at point-D.
Hello Foxybunny,

Good thinking, I will be going into agressive C entries later on today or tomorrow just wanted traders to play around with the pattern first. The aggressive C entries offer a relatively moderate risk trade which you can take into the PRZ. a nice way to capitalize on the pattern. This also has some hidden jewels more to come....
If you fail to plan, you plan to fail.
  • #537
  • Edited 2:32pm Jan 3, 2013 2:15pm | Edited 2:32pm
Quoting Borgvall
Example of potential ABCD patern on EUR/USD m5
I think the requirement for an AB=CD pattern is that the C point of the pattern retraces to 61.8 of the AB move. Then D is plotted using an equal move of the A -> B and BC projection or extension of 127.2 or 161.8.

http://content.screencast.com/users/...01-03_2019.png


This is EU 15m... I think this is an AB=CD that failed. Would need Mr. Pip to verify.

EDIT: Added AB fib
http://content.screencast.com/users/...01-03_2022.png
  • #538
  • Jan 3, 2013 2:22pm Jan 3, 2013 2:22pm
Quoting Mr. Pip
Hello Foxybunny,

Good thinking, I will be going into agressive C entries later on today or tomorrow just wanted traders to play around with the pattern first. The aggressive C entries offer a relatively moderate risk trade which you can take into the PRZ. a nice way to capitalize on the pattern. This also has some hidden jewels more to come....
I was thinking the same thing on the 4hr chart for the AUD/USD... There was a nice shooting star yesterday. Being how price was hanging around the 61.8 lvl, I wondered if this was something you would trade.
  • #539
  • Jan 3, 2013 2:30pm Jan 3, 2013 2:30pm
You are right.
But there is a strong support area, I'll take the chance.

wish me luck, I may need it

im in the trade now


Quoting Rexz
I think the requirement for an AB=CD pattern is that the C point of the pattern retraces to 61.8 of the AB move. Then D is plotted using an equal move of the A -> B and BC projection or extension of 127.2 or 161.8.

http://content.screencast.com/users/...01-03_2019.png


This is EU 5m... I think this is an AB=CD that failed. Would need Mr. Pip to verify.

EDIT: Added AB fib
http://content.screencast.com/users/...01-03_2022.png...
  • #540
  • Jan 3, 2013 4:09pm Jan 3, 2013 4:09pm
Quoting foxybunny
See if this Short works for A/U on M15 for a ABC-Short.
It has retraced to the 61.8% and 78.6% zone, and enter only pass the 50%.

Only thing is that tonight a few Red USD News, and that the bounce away from the zone was not that clean on M15.

<Edit> Follow Up Note: This Short did not work out as price went back to point-A.


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We trade what we see so news is not an issue. Taking aggressive entries at point C is fine but should be in tune with order flow. Also, take the time to step back from the pattern to see if other harmonic elements confirm your analysis with confluence. I made a video as it makes it easier and let me know if I need to touch any points further.

Entering below the 50% might help you confirm some bearish action as you are trading below the pivot of the swing but also decreases your risk reward and places you in a retail trading category. This is why we consider it and agressive C buy or sell. I will get more into this.

My deepest apologies in the video I said foxylady and it's foxybunny. My bad! also the quality is not the best. go straight to youtube and search dcastfx see if its any better.

http://www.youtube.com/watch?v=aMupwIOLRgk&feature=player_detailpage
If you fail to plan, you plan to fail.
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