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Ratios & Harmonics: a Different Way to Trade

  • #941
  • Jan 9, 2013 10:07am Jan 9, 2013 10:07am
Hey Mr. Pip in your next video, could you do a review of your trades in a day or something? I would love to know the thought process from looking at a blank chart to plotting everything . Also it would be nice to see some more 233tick charts =D
  • #942
  • Jan 9, 2013 10:08am Jan 9, 2013 10:08am
uh o..........this could get interesting.......you didn't eat anymore of those hotdogs did you.....haha!
  • #943
  • Jan 9, 2013 10:10am Jan 9, 2013 10:10am
Thanks for sharing the way you trade the abcd!

What does the term "aggresive c trades" stand for? How do we know that we'll walk the CD leg?

Quoting Blackeagle
The attached chart is GBPCHF daily. I have marked ABCD and when price is at C, the overall trend or the trend of the time frame I trade is still up. We don't know yet if price will break point B downward. After the break, we can confirm that the trend has changed due to LH-LL sequence. Based on Mr. Pip's rules, we can identify PRZ at point D (the blue rectangle on the chart) pretty accurately by using confluences and then start trading ABCD pattern.

This is how I do it. Take long at D, target 61.8 and exit all. Because the trend is down, now we...
Best time to plant a tree was 20 years ago, second best is now
  • #944
  • Jan 9, 2013 10:12am Jan 9, 2013 10:12am
Quoting Korndawg
uh o..........this could get interesting.......you didn't eat anymore of those hotdogs did you.....haha!

If you fail to plan, you plan to fail.
  • #945
  • Jan 9, 2013 10:21am Jan 9, 2013 10:21am
Our friend Kilian19 has been kind enough to creat and maintain a summary journal of my most important post. He has done an amazing job and I would like to thank him. The link has been added to the first page and is a great reference tool for us all.

Thanks again!!!
If you fail to plan, you plan to fail.
  • #946
  • Jan 9, 2013 10:25am Jan 9, 2013 10:25am
Hello Mr. Pip,

For me, the holy grail would be to identify possible opportunities of harmonic patterns. I think that you've seen many traders here that have some sort of "bad luck" on identifying swings.

I would really appreciate that you could tell us how is your process of looking at charts. I mean, what pair do you see, with what TF do you start observing, how do you zoom in/out, change to larger/shorter TFs. Also, what pairs do you think are best and if you have particular ways of working with them, I don't know, maybe you could say, I work the 1H with EU, but 4H with this and 15M with that...

Now I understand why the first 30 pages of this thread had to do with identifying the swings... but for many, me included, this is something that is still SO difficult.

Some have asked for a video of your day trading, but if it is not too much to ask, I would really appreciate that your video be about identifying those swings and how do you move from one pair to another and between TFs.

Quoting Mr. Pip
Traders,

Does the Holy Grail exist in trading? What is your idea on this topic which so many traders ferociously seek and very few seem to ever find? I can tell you that I have found my Holy Grail and it's not what you think. I will share it with you but want to hear from some of you first.
Best time to plant a tree was 20 years ago, second best is now
  • #947
  • Jan 9, 2013 10:27am Jan 9, 2013 10:27am
Quoting horuxito
Thanks for sharing the way you trade the abcd!

What does the term "aggresive c trades" stand for? How do we know that we'll walk the CD leg?
Oh boy, Have you been reading anything we have covered or watched any of the videos? Going through this again would be disruptive and unfair to the rest of the traders. I will asnwer all questions but I can tell by your questions you have not done your part.

If interest sticks you and are willing to do your part, I will do mine. There is a link on the first page which will help you catch up at a much better pace. I hope you understand and hope this does not discourage you. Hope to talk to you soon.
If you fail to plan, you plan to fail.
  • #948
  • Jan 9, 2013 10:33am Jan 9, 2013 10:33am
valid pattern earning pips....
Attached Image (click to enlarge)
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  • #949
  • Jan 9, 2013 10:33am Jan 9, 2013 10:33am
Quoting horuxito
Hello Mr. Pip,

For me, the holy grail would be to identify possible opportunities of harmonic patterns. I think that you've seen many traders here that have some sort of "bad luck" on identifying swings.

I would really appreciate that you could tell us how is your process of looking at charts. I mean, what pair do you see, with what TF do you start observing, how do you zoom in/out, change to larger/shorter TFs. Also, what pairs do you think are best and if you have particular ways of working with them, I don't know, maybe you could say, I...
Yes I will work on a video on one of my sessions and plan on doing so soon. I want to first make sure some of the basics are covered so you all undertand what you are looking at. I can also cover swing identification again in a separate video to. I can probably put this out today or tomorrow.

Thank you for your take on the Holy Grail.
If you fail to plan, you plan to fail.
  • #950
  • Jan 9, 2013 10:35am Jan 9, 2013 10:35am
I've done my part though I guess I could do more. You're right, I need to catch up! Thanks!

Quoting Mr. Pip
Oh boy, Have you been reading anything we have covered or watched any of the videos? Going through this again would be disruptive and unfair to the rest of the traders. I will asnwer all questions but I can tell by your questions you have not done your part.

If interest sticks you and are willing to do your part, I will do mine. There is a link on the first page which will help you catch up at a much better pace. I hope you understand and hope this does not discourage you. Hope to talk to you soon.
Best time to plant a tree was 20 years ago, second best is now
  • #951
  • Jan 9, 2013 10:36am Jan 9, 2013 10:36am
Excellent. We all will appreciate that!

Quoting Mr. Pip
Yes I will work on a video on one of my sessions and plan on doing so soon. I want to first make sure some of the basics are covered so you all undertand what you are looking at. I can also cover swing identification again in a separate video to. I can probably put this out today or tomorrow.

Thank you for your take on the Holy Grail.
Best time to plant a tree was 20 years ago, second best is now
  • #952
  • Jan 9, 2013 11:24am Jan 9, 2013 11:24am
EURUSD 15M

Aggressive C sell for a potential ABCD pat. I'll be watch the first rectangle level as this may form into a Gartley pattern.
Attached Image (click to enlarge)
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"I don't always trade markets, but when I do, I prefer harmonics."
  • #953
  • Jan 9, 2013 11:46am Jan 9, 2013 11:46am
Traders,

This is why I have not made a video of my session. These are todays trades and it was mainly ratios and confluence. I want to make sure we a foundation first we will get there. There aren't always patterns to trade but that doesn't mean that there aren't opportunites.

Do not focus on the why the trades were taken. Just want you to see the challenge of putting this in a video without deviating from the patterns. Which is the foundation of this typr of trading.

4 trades could have had more but was chatting on the thread for 77 pips.
Attached Image (click to enlarge)
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If you fail to plan, you plan to fail.
  • #954
  • Jan 9, 2013 11:47am Jan 9, 2013 11:47am
Quoting mduke04
EURUSD 15M

Aggressive C sell for a potential ABCD pat. I'll be watch the first rectangle level as this may form into a Gartley pattern.
Well done you should be at breakeven.
If you fail to plan, you plan to fail.
  • #955
  • Jan 9, 2013 12:06pm Jan 9, 2013 12:06pm
aggressive c sell for cad/jpy
for ABCD pattern
on 1h
Attached Image (click to enlarge)
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  • #956
  • Jan 9, 2013 12:08pm Jan 9, 2013 12:08pm
It is kind of funny that you asked about peoples thoughts on a Holy Grail and it hit me a little differently this time. It seems most of us are searching and searching for the "holy grail" but when you think of it you don't really know what you are searching for. Yea everyone wants to make lots of money but most of us, including me, can't tell you half of what it is going to take to get there. With all of that being said at this point in time for me and my holy grail it would have to be the harmonics system. I have been chasing this thing for a while now and it is finally starting to come to life. I know I won't win every trade, which is what a lot of people think when you say holy grail, but I shouldn't have to in order to make a lot of money and that is what I trade for. With all of that being said harmonics is my holy grail and i feel like i learn a little more each day and if that continues I will be profitable. Thank you again Mr. Pip for all of your hard work, time, and effort!

One thing I have to add that I feel makes this forum different than the rest is that on the others by page 3 there are 50 indicators and the orig system has already changed 3 times. This is system stands out above and beyond those!

"If you keep doing what you've always done, your future will look like your past." Not sure who that is from but soooo true.

Ok that is all for now. Have a great rest of the day!
  • #957
  • Jan 9, 2013 12:19pm Jan 9, 2013 12:19pm
Quoting Mr. Pip
Well done you should be at breakeven.
Yes.

Does any one know how to place a pending order to partially close a position in Metatrader? I tried placing a buy limit to close part of an order but it didn't work out as intended. TY.
Attached Image (click to enlarge)
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"I don't always trade markets, but when I do, I prefer harmonics."
  • #958
  • Jan 9, 2013 12:32pm Jan 9, 2013 12:32pm
Trading only for few months without much success so far, I do know the saying amongst all traders about the search for the Traders Holy Grail:

It does not exist.

Well, I am not ready to give up quite yet and as already stated I am as all here very grateful to be given lessons by you on these patterns.

My take on this - Traders Holy grail, I mean - would be to learn from someone who obviously knows a thing or two about trading, meaning you Mr Pip.
These patterns we are learning here coupled with proper risk and money management would do wonders for me - of that I am already sure.

Also I am glad that you are making sure that things are properly understood before moving on with more information - also then moving on to more patterns to come. This is an excellent way of teaching others what one knows. The videos are real eyeopeners

I am very glad I found this tread - and by the end of it, we will all be wiser and have a real good shot at making money on our trading.
Big thanks for your time spent with all of us, Mr Pip!
  • #959
  • Jan 9, 2013 2:51pm Jan 9, 2013 2:51pm
Quoting Floyd1
Trading only for few months without much success so far, I do know the saying amongst all traders about the search for the Traders Holy Grail:

It does not exist.

Well, I am not ready to give up quite yet and as already stated I am as all here very grateful to be given lessons by you on these patterns.

My take on this - Traders Holy grail, I mean - would be to learn from someone who obviously knows a thing or two about trading, meaning you Mr Pip.
These patterns we are learning here coupled with proper risk and money management would do wonders...
Of course it exists! Holy grail = making money consistently = people have done it! mr pip for example.
  • #960
  • Jan 9, 2013 2:59pm Jan 9, 2013 2:59pm
For me the Holy Grail is MR PIP!! I am fortunate to have met you and honored to know you.
Barry
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