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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

  • #581
  • Jan 4, 2013 8:19am Jan 4, 2013 8:19am
Quoting LuisPrinc
Thank you Mr. Pip !
And what are those rules to trade this perfect butterfly pattern ? maybe Iam rushing sorry I will wait till we come to this pattern :=)
I rather wait till we get to that pattern but since I know there are experienced harmonic traders here I can post my visual quick reference guide which has the ranges per my rules. We will cove each pattern in detail and post rules for each like the ABCD.
Attached File(s)
File Type: docx DCASTFX Advance Pattern Reference Guide Revised.docx   605 KB | 3,321 downloads
If you fail to plan, you plan to fail.
  • #582
  • Jan 4, 2013 8:21am Jan 4, 2013 8:21am
Attached are the completed rules with the aggressive C attached for the ABCD.
Attached File(s)
File Type: doc DCASTFX ADVANCE PATTERNS RULES OF ENGAGEMENT ABCD.doc   280 KB | 2,624 downloads
If you fail to plan, you plan to fail.
  • #583
  • Jan 4, 2013 9:08am Jan 4, 2013 9:08am
Hi Mr. Pip

Wonderful to see your thread. Been trading using harmonics for some time now and nice to see a thread dedicated just doing that without any indicators. Trade mostly yen pairs so hope you don't mind if I share some examples and get your views and that of other members.

Cheers.

P.S. Bearish Butteryfly on EURJPY from earlier today
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY.jpg Size: 109 KB
  • #584
  • Jan 4, 2013 9:19am Jan 4, 2013 9:19am
http://content.screencast.com/users/...01-04_1515.png

EU 233tick
How does this look Mr. Pip??
  • #585
  • Jan 4, 2013 9:20am Jan 4, 2013 9:20am
Thank you for the detailed analysis. This type of explaniation helps me more than anything. I look forward to seeing it in this manner for the other patterns as well.
Quoting Mr. Pip
Attached are the completed rules with the aggressive C attached for the ABCD.
  • #586
  • Jan 4, 2013 9:24am Jan 4, 2013 9:24am
I feel terrible today... I think I got whatever is going around lately. Sucks bad. Anyways, I won't be looking at any charts today obviously... Hopefully I will feel better sometime this weekend so I can get caught up with everything new Mr. Pip has added.
  • #587
  • Jan 4, 2013 10:55am Jan 4, 2013 10:55am
guys please post currency and time frame for charts.TF is important for lot of traders.
Thank you
In trading, you have to be defensive and aggressive at the same time
  • #588
  • Jan 4, 2013 11:00am Jan 4, 2013 11:00am
Everyone is always asking about Tick Charts. You can find tick charts for mt4 here: http://articles.mql4.com/548. Ticks = volume.

I am up to date now. http://www.forexfactory.com/showthread.php?t=403393

@ Mr pip: If you post new interesting things feel free to post them in the summary thread directly .
  • #589
  • Jan 4, 2013 12:45pm Jan 4, 2013 12:45pm
Quoting Mr. Pip
I rather wait till we get to that pattern but since I know there are experienced harmonic traders here I can post my visual quick reference guide which has the ranges per my rules. We will cove each pattern in detail and post rules for each like the ABCD.
In Advance Pattern Reference Guide.
If I see correctly, no one pattern do not have retracement for point B in range 50-62%! Is this ok?
In your post #163 (on pic), you have Gartley and Crab in that range.
I am little confused
Please Mr. Pip can you clarify this. I am very interested to learn this precisely.
Thank you very much.
  • #590
  • Jan 4, 2013 1:05pm Jan 4, 2013 1:05pm
Quoting Mic_FX
In Advance Pattern Reference Guide.
If I see correctly, no one pattern do not have retracement for point B in range 50-62%! Is this ok?
In your post #163 (on pic), you have Gartley and Crab in that range.
I am little confused
Please Mr. Pip can you clarify this. I am very interested to learn this precisely.
Thank you very much.
Yes there is look at it carefully. There is something g you are not looking at right.
If you fail to plan, you plan to fail.
  • #591
  • Jan 4, 2013 1:54pm Jan 4, 2013 1:54pm
Please help me!!!
How I must look at this?

I see AB range 61% - 78% (XA), BC range 61.8% - 78.6% (AB)
Is pink rectangle range for retracement?
Attached Image
  • #592
  • Jan 4, 2013 2:30pm Jan 4, 2013 2:30pm
Quoting Mic_FX
Please help me!!!
How I must look at this?

I see AB range 61% - 78% (XA), BC range 61.8% - 78.6% (AB)
Is pink rectangle range for retracement?
That is correct. But please do not trade them yet this is a visual reference tool for traders that already know these patterns we will cover them all be patient and let's focus on the ABCD. Looks like they are new to you.
If you fail to plan, you plan to fail.
  • #593
  • Jan 4, 2013 2:34pm Jan 4, 2013 2:34pm
Quoting Mr. Pip
That is correct. But please do not trade them yet this is a visual reference tool for traders that already know these patterns we will cover them all be patient and let's focus on the ABCD. Looks like they are new to you.
Ok, thank you.
  • #594
  • Jan 4, 2013 3:00pm Jan 4, 2013 3:00pm
Quoting gbryant20
Thank you for the detailed analysis. This type of explaniation helps me more than anything. I look forward to seeing it in this manner for the other patterns as well.
Every setup you trade should be written out the same way and a part of your trade plan. If you do not have a trade plan you need to put one together. You trade plan is to you what a business plan is to a company. It is a road map that will take you where you want to go.
If you fail to plan, you plan to fail.
  • #595
  • Jan 4, 2013 3:19pm Jan 4, 2013 3:19pm
I know I am little early but inclined to think Bearish Gartley is developing.Nice swing down X
I know its very premature but looking at least 38 fib retrace which is 3115. I will wait to see how this unfolds.
http://blogs.fxstreet.com/forexology...ey-pattern.gif
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 28 KB
In trading, you have to be defensive and aggressive at the same time
  • #596
  • Jan 4, 2013 3:19pm Jan 4, 2013 3:19pm
Quoting Mr. Pip
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.

I dont have the experience for that yet. But i would like to know what this is all about before i try to learn it. Before i have looked little at Elliots and fibbs, not good on it just have read little about it and it seemed that confluence could be find on many many places. Also you have alot of support and resistance all over the chart that will make confluence with fibs. And you have fibb retrace and fibb extence that can make confluence. It is my experience maybe you make it another way that is better and there is few areas
to choose from. Am not here to critisize am just wanna know what i can expect before i put my 100 percent atention to it

Best regards
  • #597
  • Jan 4, 2013 3:28pm Jan 4, 2013 3:28pm
Quoting Mr. Pip
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...
Please dont be upset on my questions. Bary have already defend you and also tell me that you have showed some examples in real time ( not in hindsight ) I must have missed that. Am just tired of liaers and people that show things in hindsights and are not the profitable traders they pretend to be. Maybe you are the real deal I like what i see so far in your thread. I am not here to pick on you i just try to figure out if i should commit time and efforts to this. And i have desided i shall try to learn this. You and your trading method seems real. Tanks.

Best regards
  • #598
  • Jan 4, 2013 3:31pm Jan 4, 2013 3:31pm
Hey Traders I've been fighting a migraine all day and hope to get to your the questions I missed later tonight.
If you fail to plan, you plan to fail.
  • #599
  • Edited 4:45pm Jan 4, 2013 3:56pm | Edited 4:45pm
Quoting jgadefelth
Please dont be upset on my questions. Bary have already defend you and also tell me that you have showed some examples in real time ( not in hindsight ) I must have missed that. Am just tired of liaers and people that show things in hindsights and are not the profitable traders they pretend to be. Maybe you are the real deal I like what i see so far in your thread. I am not here to pick on you i just try to figure out if i should commit time and efforts to this. And i have desided i shall try to learn this. You and your trading method...
Hi brother
I totally sympathize with you on your reservations.Most decent systems even with 52% edge is enough to make great deal of money.
Challenging part mostly is not about systems but trading psychology.How you manage your trades determine your profits.
Mr Pip can show another way to look at trading but he can't make you profitable.That is up to you.
What I have been reading Harmonic patterns are 70% accurate which to me is staggering.This was confirmed by MIT academics with model built statistics and back testing.
We already know Fib numbers play vital role in nature from anatomy to waves to stars and movements in general.So trading is same.Our goal is to capitalize on the wave patterns and pin point spots where most optimum to enter the market.
So be patient and learn slowly.Even if you wont use harmonics knowledge of them will increase your edge.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #600
  • Jan 4, 2013 5:55pm Jan 4, 2013 5:55pm
http://content.screencast.com/users/...01-04_2354.png

Is this valid? it would have worked fine if stop was kept where it was when the trade was opened but is that safe?
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