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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

  • #601
  • Jan 4, 2013 7:10pm Jan 4, 2013 7:10pm
Quoting Rexz
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?
I'll check it out and answer all questions when I get back home. Out having diner. When a chart is posted for review I need the timeframe and pair.

In Ninja Trader right click and save as to your desktop the add as an attached file.
If you fail to plan, you plan to fail.
  • #602
  • Jan 4, 2013 7:12pm Jan 4, 2013 7:12pm
Oops sorry, so used to taking screenshots with mt4... This is EU 233 tick.
  • #603
  • Edited 8:56pm Jan 4, 2013 8:08pm | Edited 8:56pm
For an ABCD pattern, what if it wicks through the 61.8 extension point (point C) but closes below it and no other candle closes above the 61.8 (for a downward ABCD pattern)? Is this still a valid C point?

edit: nvm, i see in the rules an example where it wicks beyond 61.8 but doesn't close beyond it.
  • #604
  • Jan 4, 2013 8:25pm Jan 4, 2013 8:25pm
Is this a valid ABCD pattern? For the A point, does it need to be earlier (because there are nearby higher highs?).

Also, on smaller timeframes, if you place the sl 10 pips below the 161.8 , it makes the risk reward ratio less than 1:1. For example, in here you're risking 13 or so pips to gain 8.

Attached Image (click to enlarge)
Click to Enlarge Name: ABCD.png Size: 208 KB
  • #605
  • Jan 4, 2013 8:30pm Jan 4, 2013 8:30pm
Quoting niketb
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
Nice to have you, I don't mind at all but I need to know what time frame we are looking at?
If you fail to plan, you plan to fail.
  • #606
  • Jan 4, 2013 8:36pm Jan 4, 2013 8:36pm
Quoting Rexz
http://content.screencast.com/users/...01-04_1515.png

EU 233tick
How does this look Mr. Pip??
It's not the cleanest but it is anABCD and the trade went to breakeven and stop out.
If you fail to plan, you plan to fail.
  • #607
  • Jan 4, 2013 8:37pm Jan 4, 2013 8:37pm
Quoting Davit
guys please post currency and time frame for charts.TF is important for lot of traders.
Thank you
Yes please........
If you fail to plan, you plan to fail.
  • #608
  • Jan 4, 2013 8:38pm Jan 4, 2013 8:38pm
Quoting Nate04
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.
Hope you feel better!
If you fail to plan, you plan to fail.
  • #609
  • Jan 4, 2013 8:45pm Jan 4, 2013 8:45pm
Quoting Davit
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
Okay this is fine but remember I said to take a look further back to see if we missed something we maybe more into this pattern than you think.
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD (60 Min) 1_4_2013.jpg Size: 95 KB
If you fail to plan, you plan to fail.
  • #610
  • Jan 4, 2013 8:58pm Jan 4, 2013 8:58pm
Quoting Mr. Pip
Nice to have you, I don't mind at all but I need to know what time frame we are looking at?
I trade using 3 or 4 pip Renko bars so it would mostly correlate to the 1min or 5min charts.
  • #611
  • Edited 9:36pm Jan 4, 2013 9:05pm | Edited 9:36pm
EU

Silent for awhile to wait for a position...

Yearly : bullish
Quarter : bullish
Monthly : bullish
Weekly : bearish
Daily : bullish pinbar

Weekly is still possible for bearish to re test prev bottom. once failed to break the low.. any body start seeing 1.35 ?

quite interesting to draw fib from low dec to high dec of 2012...and beauty ratio we got.

Happy weekend


***
tried to break down into 4H time *

*ach broker will have different 4H
Attached Image (click to enlarge)
Click to Enlarge Name: bamm eu5.gif Size: 37 KB
not euphoria follower
  • #612
  • Jan 4, 2013 9:17pm Jan 4, 2013 9:17pm
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...
Listen friend, I don't get upset, I just don't understand exactly what you are asking of me? If you want an example of one of the trades Bary spoke about look at post 11, 43, 51. Let me educate you on the fact that this method has to be learned from the left side of the chart. There is no other way. Also, since there are no indicators there is nothing that can provide false, manipulated, or bad data. I can't sit here and convince you that what I have here contains real value. Your experience should be able to give you the answers you seek without me having to prove myself to you.

You are correct there are all kinds of people in this business but on the road less traveled there are no shortcuts. It takes a lot more than people are willing to give to make it in this business and I'm sorry to say this and believe me it's for your benefit that your posture will not take you far in this or any other journey you choose to embark on.

This is how I make my living and I take it dead serious. I am putting the keys to an incredible vehicle in your hands that will take you as far as you are willing to go expecting nothing in return and you are telling me that you need some kind of proof or you will not put ing the effort.

My answer to you is that it saddens me to forever remain within the 90% of traders who fail. I hope I'm wrong about you because my goal yfor you is the same for every one else and that is for you to succeed. Read through the summary page. If that is not enough then I cannot help you and I wish you the best of luck.

The system doesn't make a trader the trader makes the trader.
If you fail to plan, you plan to fail.
  • #613
  • Jan 4, 2013 9:18pm Jan 4, 2013 9:18pm
Quoting Davit
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...
Well said!
If you fail to plan, you plan to fail.
  • #614
  • Jan 4, 2013 9:26pm Jan 4, 2013 9:26pm
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.
Im seeing this too. Post on gartley has the B point between 50 and 78.6 , while the bullish gartley pattern has a box for B between 61.8 and 78.6 Mistake on advanced pattern reference guide?
  • #615
  • Jan 4, 2013 9:35pm Jan 4, 2013 9:35pm
Quoting Rexz
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?
I think my chart is self explanatory if you need let me know and I'll provide more detail. Harmonics gave us the top of this market with in 3 pips!
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD (233 Tick) 1_4_2013.jpg Size: 103 KB
If you fail to plan, you plan to fail.
  • #616
  • Jan 4, 2013 9:36pm Jan 4, 2013 9:36pm
Quoting Starry
For an ABCD pattern, what if it wicks through the 61.8 extension point (point C) but closes below it and no other candle closes above the 61.8 (for a downward ABCD pattern)? Is this still a valid C point?

edit: nvm, i see in the rules an example where it wicks beyond 61.8 but doesn't close beyond it.
The wicks are fine its the close that is important.
If you fail to plan, you plan to fail.
  • #617
  • Jan 4, 2013 9:49pm Jan 4, 2013 9:49pm
Quoting Starry
Is this a valid ABCD pattern? For the A point, does it need to be earlier (because there are nearby higher highs?).

Also, on smaller timeframes, if you place the sl 10 pips below the 161.8 , it makes the risk reward ratio less than 1:1. For example, in here you're risking 13 or so pips to gain 8.

Attachment
I'm sorry but I can't find this price action on my chart don't know if its your demo feed. It doesn't matter what timeframe you trade it the risk/reward should be fine are you measuring it out correctly? It's 61% of AD.
If you fail to plan, you plan to fail.
  • #618
  • Jan 4, 2013 9:52pm Jan 4, 2013 9:52pm
Quoting iqyu5an
EU

Silent for awhile to wait for a position...

Yearly : bullish
Quarter : bullish
Monthly : bullish
Weekly : bearish
Daily : bullish pinbar

Weekly is still possible for bearish to re test prev bottom. once failed to break the low.. any body start seeing 1.35 ?

quite interesting to draw fib from low dec to high dec of 2012...and beauty ratio we got.

Happy weekend




***
tried to break down into 4H time *

*ach broker will have different 4H

Happy weekend and thanks for the run down.
If you fail to plan, you plan to fail.
  • #619
  • Jan 4, 2013 9:58pm Jan 4, 2013 9:58pm
Quoting Starry
Im seeing this too. Post on gartley has the B point between 50 and 78.6 , while the bullish gartley pattern has a box for B between 61.8 and 78.6 Mistake on advanced pattern reference guide?
I believe you are not looking at it correctly but do not worry wewill get thereonce we get passed the ABCD we will get into the Gartley.
If you fail to plan, you plan to fail.
  • #620
  • Jan 4, 2013 10:01pm Jan 4, 2013 10:01pm
Okay Traders I hope I didn't forget anyone if I did let me know and I will go back and answer. Keep pointing out those ABCD. I'll be back in tomorrow. GOOD NIGHT
If you fail to plan, you plan to fail.
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