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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

  • #621
  • Jan 4, 2013 10:07pm Jan 4, 2013 10:07pm
Mr. PiP, in my opinion these swings have nothing to do with each other becuse higher high was made after ..........Where I go wrong with my thinking?
Attached Image (click to enlarge)
Click to Enlarge Name: Symmetry.jpg Size: 117 KB
Always trade your own plan...I don't provide trading signals.
  • #622
  • Jan 4, 2013 10:35pm Jan 4, 2013 10:35pm
Mr Pip, Sorry but I'm still a bit confused with your rules for ABCD . Can C close past the 61.8 as in the 4hr NZDUSD chart I've attached? Can C wick through the 78.6 as long as it doesn't close above/below that point? Can C close short of the 61.8 as long as it wicks into that area? And last bit referring to the attached chart again, if the harmonic move falls short of the 127 ext as it does when price completes near 78.6 at C, is it still valid?
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-01-05_1506.png Size: 34 KB
  • #623
  • Jan 5, 2013 12:43am Jan 5, 2013 12:43am
u just draw a BAMM. where trade from C and D as a target ( if b broken ) .

SL should be placed a bit below your A to anticipate market down and break A to form bullish abcd. and please not jump directly even you're already in D ( ratio.fibo and harmonic talks about price level or where not when ) .

one of standard mt4 indi ( that i most used it for confirmation on this bamm ) confirmed your xabcd is valid. but hey that's just indi .. let see how market tell next .

just imho

Quoting Damien1881
Mr Pip, Sorry but I'm still a bit confused with your rules for ABCD . Can C close past the 61.8 as in the 4hr NZDUSD chart I've attached? Can C wick through the 78.6 as long as it doesn't close above/below that point? Can C close short of the 61.8 as long as it wicks into that area? And last bit referring to the attached chart again, if the harmonic move falls short of the 127 ext as it does when price completes near 78.6 at C, is it still valid?Attachment
not euphoria follower
  • #624
  • Jan 5, 2013 1:17am Jan 5, 2013 1:17am
Thank you Mr Pip, so much new info to take in, hope we can continue to practice those ABCD patterns before moving onto other ones. En joying this thread and the learning process greatly.

Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #625
  • Jan 5, 2013 6:48am Jan 5, 2013 6:48am
Mr pip... thank you soo much for helping everyone..God bless you.....

My question is that why there is no XA leg in ABCD pattern ? do we have to consider or draw XA leg while looking for ABCD pattern ?

thanks.
  • #626
  • Jan 5, 2013 6:52am Jan 5, 2013 6:52am
Quoting Coreg2004
Mr. PiP, in my opinion these swings have nothing to do with each other becuse higher high was made after ..........Where I go wrong with my thinking?
There are relationships between swings and that is the essence of harmonics. These swings are related as together they make up the main swing and an AB or XA leg. As price advances the a more defining pattern emerges the AB or XA will be defined. The fact that we only had a 38% correction left us with only two possibilities a Cytherpattern oran AB=CB harmonic move. When the Cypher failed(we will cover that pattern latewr) we were able to define AB and project the CD completion point and establish the PRZ.
If you fail to plan, you plan to fail.
  • #627
  • Jan 5, 2013 7:04am Jan 5, 2013 7:04am
Hi, Mr.Pip, It this correct potential Setup?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AU - Bearish Garley H4 (5-1-13).JPG Size: 98 KB
Click to Enlarge Name: AU - Bullish Garley H1 (5-1-13).JPG Size: 94 KB
  • #628
  • Jan 5, 2013 7:20am Jan 5, 2013 7:20am
Quoting Damien1881
Mr Pip, Sorry but I'm still a bit confused with your rules for ABCD . Can C close past the 61.8 as in the 4hr NZDUSD chart I've attached? Can C wick through the 78.6 as long as it doesn't close above/below that point? Can C close short of the 61.8 as long as it wicks into that area? And last bit referring to the attached chart again, if the harmonic move falls short of the 127 ext as it does when price completes near 78.6 at C, is it still valid?Attachment
C has to at least achieve a 61.8% this means that the candle's high must penetrate the 61% at minimum. It can close anywhere below the 61% as long as the wick of the candle went through the 61. The wick of the candle can also extend past the 78% but the close of the candle cannot close beyond the 78% this invalides the pattern. If this happens you can look for an AB=CD.

You may be asking yourself what is the difference AB=CD and ABCD? This answer is simple.The ABCD has specific rules to determine the PRZ and that is determined by the confluence of the ratios the pattern gives us. When these rules are violated our PRZ does not conform which compromises the intergrity of our PRZ thus the reason of the AB=CD. Let me know if I need to draw this out.

I'm glad you identified the X leg and which was established when C completed now we know we are looking at a potential Gartley pattern and the ABCD completion also completes the Gartley. The identified PRZ is where the Gartley should complete but special interest is the oval as there are more harmonic factors and confluence to consider.

This was also a great aggressive C buy!
Attached Image (click to enlarge)
Click to Enlarge Name: $NZDUSD (240 Min) 1_4_2013.jpg Size: 94 KB
If you fail to plan, you plan to fail.
  • #629
  • Jan 5, 2013 7:29am Jan 5, 2013 7:29am
Quoting Ezzy
Thank you Mr Pip, so much new info to take in, hope we can continue to practice those ABCD patterns before moving onto other ones. En joying this thread and the learning process greatly.

Ezzy
I will not present another pattern until I feel the ABCD has been taken in properly. More advanced traders can post more advanced patterns and I will help them but I will introduce the next patternwhich is the Gartley when we are upto speed with the ABCD.
If you fail to plan, you plan to fail.
  • #630
  • Jan 5, 2013 7:32am Jan 5, 2013 7:32am
Quoting alij79
Mr pip... thank you soo much for helping everyone..God bless you.....

My question is that why there is no XA leg in ABCD pattern ? do we have to consider or draw XA leg while looking for ABCD pattern ?

thanks.
Great question the ABCD pattern is a 4 point pattern and the other patterns are a 5 point pattern X being the anchor leg and pattern starting point ABCD identifies the 4 remaining points.
If you fail to plan, you plan to fail.
  • #631
  • Edited 11:04am Jan 5, 2013 8:05am | Edited 11:04am
Some XABCD(Gartley) and AB=CD patterns for EUR/JPY both Short and Long.

1st Chart => EUR/JPY, H1 gave the clearer overall picture of reversal at Gartley (X-ABCD) for a Long on 3-Jan.

2nd Chart => E/J M15. First 2-Jan, was a Short from ABC-pattern, however moved SL too fast at BE, and hit BE and missed out the down move.

3rd Chart => E/J M15. Can see potential Gartley reveral for Long on 3-Jan.
Took multiple Long entries.
3-Jan entered aggressive ABC-pattern(23.6%) near bottom before it finished bottomed out, but one hit SL.
Here my meaning of aggressive is that entered Long before given it more time to really bottom out.
Next time may have to give it more time for a Shakeout before entering.
Then immediately after 1st Long SL was hit, it was a Shakeout, so entered a few more long.
4-Jan after NFP news brought price down, it was a couple more Longs for ABC-pattern(61.8%).
Ended up the Longs with 1-Loss and 5-Profits, closed all before weekend.


Attached Image (click to enlarge)
Click to Enlarge Name: 2013-01-03_FB_ABCD_EURJPY_H1_Long_Exit.png Size: 41 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 2013-01-02_FB_ABCD_EURJPY_M15_Short_Exit.png Size: 46 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 2013-01-03_FB_ABCD_EURJPY_M15_Long_Exit.png Size: 72 KB
  • #632
  • Jan 5, 2013 8:53am Jan 5, 2013 8:53am
Hi all

Am I on track.
EUR / USD 60 min Bullish Gartley, ABCD about to occur?

any comments.

God, it's fun to learn something new, I love it.
Thank you mr. Pip
Attached Image (click to enlarge)
Click to Enlarge Name: bullish gartley 60 min eur_usd.gif Size: 23 KB
  • #633
  • Jan 5, 2013 9:47am Jan 5, 2013 9:47am
Mr Pip, i want to ask regarding C entry in ABCD pattern, what factors should we consider in order to go for C entry..... what makes probability of C entry stronger for entry in ABCD pattern... will appreciate early response.

one more thing i am seeing is AB=CD pattern, are we studying that too or only ABCD pattern ? pls confirm as i am getting confused.

I cant see any rules of AB=CD pattern, is it also part of ABCD pattern? if yes then please tell the rules if NO , then i am happy with what you have taught uptil now

thank u again...
  • #634
  • Jan 5, 2013 10:02am Jan 5, 2013 10:02am
Quoting Mr. Pip
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...

Am sorry if i have affend you. Maybe i am little clompsy in my comunicating. Anyway i will read up on the thread and get back with relevant questions for the thread.

Best regards
  • #635
  • Jan 5, 2013 10:03am Jan 5, 2013 10:03am
Quoting Mr. Pip
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.
Yep, thats what i measured it. The 161.8 line was below the screenshot . Its an fxcm demo feed. You might not have found it because its in GMT time, so you use EST and the time would be january 3rd 21:00.
  • #636
  • Jan 5, 2013 10:17am Jan 5, 2013 10:17am
Quoting foxybunny
Some XABCD(Gartley) and AB=CD patterns for EUR/JPY both Short and Long.

1st Chart => EUR/JPY, H1 gave the clearer overall picture of reversal at Gartley (X-ABCD) for a Long on 3-Jan.
For the first chart, isnt this an aggressive ABCD buy pattern? The AB leg only retraces to 50%, letting it be a potential bat, but the BC leg doesnt retrace far enough to be a bat (it only goes between 50 and 38.2, it should be beween 61.8 and 78.6).

For an ABCD, it barely closes below the 78.6, so maybe instead its an AB = CD.


Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy_potential_bat.png Size: 191 KB

Attached Image (click to enlarge)
Click to Enlarge Name: aggressive_ABCD.png Size: 190 KB
  • #637
  • Jan 5, 2013 10:32am Jan 5, 2013 10:32am
Quoting Mr. Pip
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.
K sounds good.
  • #638
  • Jan 5, 2013 10:40am Jan 5, 2013 10:40am
Heres an ABCD pattern.

Attached Image (click to enlarge)
Click to Enlarge Name: ABCD_Eurjpym15.png Size: 193 KB
  • #639
  • Jan 5, 2013 10:55am Jan 5, 2013 10:55am
Is this bearish butterfly on EU M5?
Attached Image (click to enlarge)
Click to Enlarge Name: M5.JPG Size: 77 KB
Dangdut is a music of my country
  • #640
  • Jan 5, 2013 10:56am Jan 5, 2013 10:56am
Quoting Borgvall
Hi all

Am I on track.
EUR / USD 60 min Bullish Gartley, ABCD about to occur?

any comments.

God, it's fun to learn something new, I love it.
Thank you mr. Pip
Your C is not formed yet so its premature to say Gartley bullish forming.
In trading, you have to be defensive and aggressive at the same time
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