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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

  • #781
  • Jan 7, 2013 9:11am Jan 7, 2013 9:11am
B point ( but 1.272 is too early for short in butterfly )

Quoting fiovit
sorry, here where I should take the profit?

Attachment
not euphoria follower
  • #782
  • Jan 7, 2013 9:28am Jan 7, 2013 9:28am
Kinda feel like I'm putting myself out here... Here's my first attempt at identifying a pattern. What do you think Mr. Pip? Is this a bearish Garley pattern on AUD/USD 4HR time frame?
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 31 KB
  • #783
  • Jan 7, 2013 9:30am Jan 7, 2013 9:30am
Quoting fiovit
I'm sorry if I posted another chart, I have now seen the answer, but there should be a margin of error to identify points, too accurate we will never find the setup.
There is a margin of error look below.
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD (15 Min) 1_7_2013.jpg Size: 109 KB
If you fail to plan, you plan to fail.
  • #784
  • Jan 7, 2013 9:34am Jan 7, 2013 9:34am
http://www.forexfactory.com/attachme...0&d=1357572608


( butterfly case ) sorry dude... that ratio is kind of sl hunting... the broker will love us alot .....


Quoting Mr. Pip
There is a margin of error look below.
not euphoria follower
  • #785
  • Jan 7, 2013 9:37am Jan 7, 2013 9:37am
Quoting Nate04
Kinda feel like I'm putting myself out here... Here's my first attempt at identifying a pattern. What do you think Mr. Pip? Is this a bearish Garley pattern on AUD/USD 4HR time frame?
Yes its working on it but if B holds we are looking at an ABCD south.
If you fail to plan, you plan to fail.
  • #786
  • Jan 7, 2013 9:52am Jan 7, 2013 9:52am
an ABCD if I am not wrong...
Attached Image (click to enlarge)
Click to Enlarge Name: 2.gif Size: 19 KB
  • #787
  • Jan 7, 2013 9:57am Jan 7, 2013 9:57am
Quoting Mr. Pip
Yes its working on it but if B holds we are looking at an ABCD south.
Yep, I see that now. Thanks.
  • #788
  • Jan 7, 2013 10:18am Jan 7, 2013 10:18am
Quoting iqyu5an
http://www.forexfactory.com/attachme...0&d=1357572608


( butterfly case ) sorry dude... that ratio is kind of sl hunting... the broker will love us alot .....
I don't completely disagree with your position on the ratio however from a harmonic perspective and price projections thats where confluence takes place. This and the crab are the least profitable and most challenging to trade. It there is no heavy comfluence I usualy let it pass.
If you fail to plan, you plan to fail.
  • #789
  • Jan 7, 2013 10:19am Jan 7, 2013 10:19am
Quoting Saintsurfer
an ABCD if I am not wrong...
If you fail to plan, you plan to fail.
  • #790
  • Jan 7, 2013 10:20am Jan 7, 2013 10:20am
let see

QUOTE=Mr. Pip;6344081]I don't completely disagree with your position on the ratio however from a harmonic perspective and price projections thats where confluence takes place. This and the crab are the least profitable and most challenging to trade. It there is no heavy comfluence I usualy let it pass.[/quote]
not euphoria follower
  • #791
  • Jan 7, 2013 10:44am Jan 7, 2013 10:44am
Hey Mr. Pip, is this abcd identified from you and good for a trade ? IS the major swing and its confluence on 38.2% fibo a good point to trade then ?
risk about 40 pips for 60 pips reward at 61.8,

Best regards !
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15 abcd.png Size: 51 KB
  • #792
  • Jan 7, 2013 10:58am Jan 7, 2013 10:58am
Gartley completed in short at 1.3110

Stop is 1.3130
Target 1 BE point 1.3068
Target 2 just 1.3045

Risk = 20 pips
Rewars= 65 pips
Currently up 10 pips
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD (60 Min) 1_7_2013.jpg Size: 108 KB
If you fail to plan, you plan to fail.
  • #793
  • Jan 7, 2013 11:01am Jan 7, 2013 11:01am
Quoting LuisPrinc
Hey Mr. Pip, is this abcd identified from you and good for a trade ? IS the major swing and its confluence on 38.2% fibo a good point to trade then ?
risk about 40 pips for 60 pips reward at 61.8,

Best regards !
Yes look at my trade above.
If you fail to plan, you plan to fail.
  • #794
  • Jan 7, 2013 11:07am Jan 7, 2013 11:07am
Quoting Mr. Pip
Gartley completed in short at 1.3110

Stop is 1.3130
Target 1 BE point 1.3068
Target 2 just 1.3045

Risk = 20 pips
Rewars= 65 pips
Currently up 10 pips
I trade this like ABCD pattern.
  • #795
  • Jan 7, 2013 11:29am Jan 7, 2013 11:29am
Quoting Mic_FX
I trade this like ABCD pattern.
You can rules are the same. Good luck!
If you fail to plan, you plan to fail.
  • #796
  • Jan 7, 2013 11:49am Jan 7, 2013 11:49am
Great Mr. Pip !
What are the rules for gartley pattern ? entry at 1.272 right the same as abcd ? but you put your stop loss above 138. level meanwhile in the abcd case we should put it 10 pips above 1.618 that is a lot more risk ? What do you suggest because I am confusing the rules now ?
  • #797
  • Jan 7, 2013 12:00pm Jan 7, 2013 12:00pm
Quoting LuisPrinc
Great Mr. Pip !
What are the rules for gartley pattern ? entry at 1.272 right the same as abcd ? but you put your stop loss above 138. level meanwhile in the abcd case we should put it 10 pips above 1.618 that is a lot more risk ? What do you suggest because I am confusing the rules now ?
This is the next pattern we will discuss I'll wait until then. The take profit rules are the same as the ABCD and stop goes 10 pips above X
If you fail to plan, you plan to fail.
  • #798
  • Jan 7, 2013 1:04pm Jan 7, 2013 1:04pm
potential trade GBP/CHF H4
Attached Image (click to enlarge)
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  • #799
  • Jan 7, 2013 3:31pm Jan 7, 2013 3:31pm
Greetings Mr. Pip

I never thanked you for replying to my earlier query. I greatly appreciate your endeavour to distil your knowledge and pass it on!! THank you for your time, patience and guidance! Very much appreciated.

I would like to ask that you look at the attached image of a gartley. my brain has been moulded by people and to look at arbitrary positioning for the patterns and I am struggling a bit with the XA leg. If what i understand from how you define teh main swing or XA leg the xa leg in my image is wrong? or is this a valid pattern?

Regards and many thanks
Attached Image (click to enlarge)
Click to Enlarge Name: Snap 2013-01-07 at 23.18.02.jpg Size: 100 KB
  • #800
  • Jan 7, 2013 7:10pm Jan 7, 2013 7:10pm
Heres a bat on eurjpy daily.

Attached Image (click to enlarge)
Click to Enlarge Name: EURJPY_bat.png Size: 209 KB
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