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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

  • #541
  • Jan 3, 2013 2:18pm Jan 3, 2013 2:18pm
I know I said I would make a video of my session today but in making this video time got away from me and I will have to do it some other time. Hope you understand. I'll be around later to answer questions.
If you fail to plan, you plan to fail.
  • #542
  • Jan 3, 2013 3:17pm Jan 3, 2013 3:17pm
Nice video! Yeah that really helps. I would be interested if at some point in the future if you have time to show how you trade during the day with your 244 tick and other time frames that you use.

Thanks

Rexz
  • #543
  • Jan 3, 2013 3:31pm Jan 3, 2013 3:31pm
Quoting Rexz
Nice video! Yeah that really helps. I would be interested if at some point in the future if you have time to show how you trade during the day with your 244 tick and other time frames that you use.

Thanks

Rexz
Yeah I really wanted to do today's session but it took forever to make the video I just posted. It's been a while since I e made one and kept messing up. I'll try to get it in tomorrow.
If you fail to plan, you plan to fail.
  • #544
  • Jan 3, 2013 4:06pm Jan 3, 2013 4:06pm
http://content.screencast.com/users/...01-04_0002.png

Is this how you look at it? This was 5m EURUSD showing an ABCD pattern?
  • #545
  • Jan 3, 2013 4:07pm Jan 3, 2013 4:07pm
Great Vid Mr. Pip....kinda gives some insight on your thought process....very well worth it!!!!
  • #546
  • Jan 3, 2013 4:10pm Jan 3, 2013 4:10pm
Quoting Rexz
http://content.screencast.com/users/...01-04_0002.png

Is this how you look at it? This was 5m EURUSD showing an ABCD pattern?
Looks like one of those moments when something clicks.

This is the price action I traded today on a 233 tick chart from 7-11: for 101 pips I had decided to stop at 88 but another ABCD popped up
If you fail to plan, you plan to fail.
  • #547
  • Jan 3, 2013 4:28pm Jan 3, 2013 4:28pm
Some of the opportunities on the 233 tick chart from today. Once you train your eyes to spot these they just jump right out at you.
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD (233 Tick) 1_3_2013.jpg Size: 77 KB
If you fail to plan, you plan to fail.
  • #548
  • Jan 3, 2013 4:51pm Jan 3, 2013 4:51pm
Quoting Borgvall
Example of potential ABCD patern on EUR/USD m5
AB=CD
If you fail to plan, you plan to fail.
  • #549
  • Jan 3, 2013 4:59pm Jan 3, 2013 4:59pm
Quoting ozziedave
It would be great if you could show a few more examples. Thanks!
Here are some more examples. Let me know if you need more.
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD (5 Min) 1_3_2013.jpg Size: 68 KB
If you fail to plan, you plan to fail.
  • #550
  • Jan 3, 2013 5:34pm Jan 3, 2013 5:34pm
I am collecting your posts here: I hope you don't mind. If you have any hesitations please tell me as soon as possible so I don't put in to much time for nothing.

http://www.forexfactory.com/showthread.php?t=403393
  • #551
  • Jan 3, 2013 5:36pm Jan 3, 2013 5:36pm
Quoting Mr. Pip
Here are some more examples. Let me know if you need more.

Hi Mr Pip, dont mean to be a pain, and would not like you to be repeating yourself over and over, but just wondering, if in these examples we should be trading off C instead of D. Is ABCD traded differently to AB=CD, sorry if you have already covered this. I am trying to follow rules that you posted recently surrounding ABCD, and the stuff posted tday seems to different to those rules.

Many thanks
Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #552
  • Jan 3, 2013 5:38pm Jan 3, 2013 5:38pm
I was trying to get a 233 tick chart looking like yours but whoever I use (kinetick end of day feed or MBT feed) doesn't display results like yours in ninjatrader.

Thanks

Rexz
  • #553
  • Jan 3, 2013 5:59pm Jan 3, 2013 5:59pm
Quoting Rexz
I was trying to get a 233 tick chart looking like yours but whoever I use (kinetick end of day feed or MBT feed) doesn't display results like yours in ninjatrader.

Thanks

Rexz
I use kinetick as well should look the same maybe it's the way I stretch my chart. Post a chart and let me look at it
If you fail to plan, you plan to fail.
  • #554
  • Jan 3, 2013 6:21pm Jan 3, 2013 6:21pm
http://content.screencast.com/users/...01-04_0219.png

The time you started was around 12.21 my time.
  • #555
  • Jan 3, 2013 6:34pm Jan 3, 2013 6:34pm
Quoting Kilian19
I am collecting your posts here: I hope you don't mind. If you have any hesitations please tell me as soon as possible so I don't put in to much time for nothing.

http://www.forexfactory.com/showthread.php?t=403393
Nice work thank you for your help. I would t have time for this and it really helps.
If you fail to plan, you plan to fail.
  • #556
  • Jan 3, 2013 6:36pm Jan 3, 2013 6:36pm
Hi Mr Pip

My 233 tick on Ninjatrader with MBTrading seems very slow compared to your chart. My 89 tick chart seems much closer to the 233 chart you posted. Not sure why

Any thoughts on why? Thanks, Ed
Attached Image(s) (click to enlarge)
Click to Enlarge Name: $EURUSD (233 Tick) 1_3_2013.jpg Size: 114 KB
Click to Enlarge Name: $EURUSD (89 Tick) 1_3_2013.jpg Size: 106 KB
  • #557
  • Jan 3, 2013 6:40pm Jan 3, 2013 6:40pm
Quoting Ezzy
Hi Mr Pip, dont mean to be a pain, and would not like you to be repeating yourself over and over, but just wondering, if in these examples we should be trading off C instead of D. Is ABCD traded differently to AB=CD, sorry if you have already covered this. I am trying to follow rules that you posted recently surrounding ABCD, and the stuff posted tday seems to different to those rules.

Many thanks
Ezzy
No Ezzy, nothing has changed I only introduced the aggressive C buy/sell option. What you'd see there is for a trader that asked for some more examples of main and dominant swings.
If you fail to plan, you plan to fail.
  • #558
  • Jan 3, 2013 6:44pm Jan 3, 2013 6:44pm
Hi Mr.PiP,
That was an awesome video... thanks for the time you take out for us...

Found this on the 1M chart, though I prefer trading higher time frames... jst to trying to figure if I have got it correct.

Attached Image (click to enlarge)
Click to Enlarge Name: entry.gif Size: 20 KB
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  • #559
  • Jan 3, 2013 6:54pm Jan 3, 2013 6:54pm
Ed, I have a feeling Kinetick would require a subscription to get the proper tick data. I will have a look at this tomorrow.
  • #560
  • Jan 3, 2013 6:57pm Jan 3, 2013 6:57pm
Quoting Mr. Pip
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...

Mr. Pip, really terrific clear explanations and video.

Much appreciated for your time taken in doing the video.

Understand fully what you saying in taking an entry in the 61.8% to 78.6% zone gives better Reward to Risk.
This is probably a Secret, in getting a better Reward to Risk.
Other posters, it is better that you follow or learn from Mr. Pip's ideas from the video.

Usual Reasons for me in not taking entry at the zone:
- Either did not see as price progressing to that zone at that time.
- Not at computer during that time.
- Sometimes price rejected this zone too fast and no time to react to enter. (This is probably the best entries when price reject the zone fast)
- Prefer confirmation of the 50% OR some other price line in the sand.

FYI, that my A/U Short ended in profit, will show what happened in next post.
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