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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

  • #1,001
  • Jan 9, 2013 5:05pm Jan 9, 2013 5:05pm
Quoting HelloOz
couldnt agree more..
Mr Pip,

what are you thoughts on Cypher and Shark pattern?
I don't see it post a chart
If you fail to plan, you plan to fail.
  • #1,002
  • Jan 9, 2013 5:06pm Jan 9, 2013 5:06pm
Quoting Starry
Mr pip,
What stoploss amount above the 161.8 line do you use when you trade the tick chart? Since the 10 pip above the 161.8 for the ABCD pattern is for the 1 hour timeframe.

2 pips
If you fail to plan, you plan to fail.
  • #1,003
  • Jan 9, 2013 5:07pm Jan 9, 2013 5:07pm
Quoting Mr. Pip
I don't see it post a chart
i didnt post any chart,
just want to know what are your thoughts on this, have you heard of them before?
  • #1,004
  • Jan 9, 2013 5:12pm Jan 9, 2013 5:12pm
Quoting Mr. Pip
There are jewels to trade on that long journey up. we may also havea Gartley and price may not get way up there.
okay cool so it sounds like if i calm down, i can see some patterns emerging
  • #1,005
  • Jan 9, 2013 5:57pm Jan 9, 2013 5:57pm
Quoting HelloOz
i didnt post any chart,
just want to know what are your thoughts on this, have you heard of them before?
Yes Cypher I haven't added it yet but I trade them. this is what it looks like
Attached Image (click to enlarge)
Click to Enlarge Name: Cypher.jpg Size: 60 KB
If you fail to plan, you plan to fail.
  • #1,006
  • Jan 9, 2013 5:59pm Jan 9, 2013 5:59pm
Quoting well0143
okay cool so it sounds like if i calm down, i can see some patterns emerging
Yes Sir! Tomorrow the Holy Grail and some more videos, Swing identification and trading session. Next day Gartley Pattern. Good Night!!!
If you fail to plan, you plan to fail.
  • #1,007
  • Jan 9, 2013 6:11pm Jan 9, 2013 6:11pm
Quoting Mr. Pip
Yes Sir! Tomorrow the Holy Grail and some more videos, Swing identification and trading session. Next day Gartley Pattern. Good Night!!!
good night Mr Pip; thank you for all your help!!!!
  • #1,008
  • Jan 9, 2013 7:12pm Jan 9, 2013 7:12pm
Would this be a valid bearish butterfly pattern on the EU weekly chart? It appears to meet the criteria so far.
Attached Image (click to enlarge)
Click to Enlarge Name: eu weekly butterfly 10.1.13.jpg Size: 106 KB
  • #1,009
  • Jan 9, 2013 7:46pm Jan 9, 2013 7:46pm
Gartley pattern about to hit the PRZ on the 4hr AUD/USD... Do I have this right?

Thanks
Attached Image (click to enlarge)
Click to Enlarge Name: chart2.jpg Size: 134 KB
  • #1,010
  • Jan 9, 2013 8:01pm Jan 9, 2013 8:01pm
Quoting Bary
GM Mr Pip,
I know we haven't covered gartley rules yet but is this a gartley?
The B and C retraces seam to qualify, but where should D be placed?

Barry, hmm your A/U H4 made me take a look at H4 for this rather than my normal look on H1.

Looks like you have a good catch if it can get there.

I be looking more for that 127% of AB-leg, looking for reaction around 1.0575, that is important and it has confluence of Supply Zone and previous top making it a potential Double Top as well.
  • #1,011
  • Jan 9, 2013 8:11pm Jan 9, 2013 8:11pm
Quoting Blackeagle
Yes, as long as you have the following three things:

1- A trading strategy with good R:R - it is really difficult to be right consistently, therefore a good R:R is a must.
2- Discipline - Rule based trading, trade what you see, not what you think it'll be.
3- Money Management - Even if you do right the first two, poor money management will lead you a poor performance.

Regards,
Blackeagle

Blackeagle, agree in general with your three points.

For point 2- trade what you see, not what you think it'll be.
This is much harder, you think you see it, but sometimes it is not what you see, it is the opposite instead.
Everyone see the same chart/price but view it differently, that makes a market of buyers and sellers.
This applies to Ratios & Harmonics as well.
  • #1,012
  • Jan 9, 2013 8:28pm Jan 9, 2013 8:28pm
Quoting foxybunny
Barry, hmm your A/U H4 made me take a look at H4 for this rather than my normal look on H1.

Looks like you have a good catch if it can get there.

I be looking more for that 127% of AB-leg, looking for reaction around 1.0575, that is important and it has confluence of Supply Zone and previous top making it a potential Double Top as well.
i thought D would be 88.6 of X-A ?
  • #1,013
  • Jan 9, 2013 9:52pm Jan 9, 2013 9:52pm
Looking at a possible bearish bat on 5M EU ...well that's what I think so far.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 5 m bearish bat 10.1.13.jpg Size: 98 KB
  • #1,014
  • Jan 10, 2013 12:35am Jan 10, 2013 12:35am
5M EU Bat pattern over shot the D point, but if you traded from the C point it was a nice profit.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 5 m bearish bat tp 10.1.13.jpg Size: 100 KB
  • #1,015
  • Jan 10, 2013 12:39am Jan 10, 2013 12:39am
hey ozdavit, I actually found this little trade today as well sneaky little pattern with a nice little take profit live as well; great little confidence booster hit my take profit and every thing very proud of myself predicted it quite well the yellow prz bow was there before the candles as well should do before and after piccies

Attached Image (click to enlarge)
Click to Enlarge Name: USD (-).png Size: 20 KB
  • #1,016
  • Edited 3:36am Jan 10, 2013 12:53am | Edited 3:36am
And that happens when I am not home. 2 beautiful abcd trades. Lets see if this patterns develop.

Attached Image


Update: would this be valid even though the prz is so close to the 100% fib?

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 5 min1.png Size: 17 KB


It seems like I am still missing the bigger picture and I should zoom out a little but to not just find the small corrections.time will teach me
Mr pip you commented on my last chart: http://www.forexfactory.com/showthread.php?p=6351863#post6351863.
Quote
Yes you were on the right track but it is now invalid close below 78.6 may be ABCD

I know that the pattern got invalid, but I don't quite get about which 78.6 are you talking about?
  • #1,017
  • Jan 10, 2013 1:06am Jan 10, 2013 1:06am
Quoting Kilian19
And that happens when I am not home. 2 beautiful abcd trades. Lets see if this patterns develop.
What pair tf killian
  • #1,018
  • Jan 10, 2013 1:12am Jan 10, 2013 1:12am
Quoting well0143
What pair tf killian
Sorry next time I will directly say at which tf and pair I am looking at. From now on if I don't say anything it will always be EURUSD 5 min. I will try to focus on this one for now.

It looks like an ABCD or Bullish Bearish Gartley for now.

Edit: My mistake. I was talking about a Bearish Gartley not a bullish
  • #1,019
  • Edited 1:38am Jan 10, 2013 1:20am | Edited 1:38am
One of Harmonic Evolution :

Gartley-BAT - Butterfly - Crab ( Deep Crab )

that's the reason i don't like Gartley / BAT to make a position in their PEZ. overshot !

gartley and bat is just like a baby for butterfly/crab

if we're looking for Gartley or BAT, better to trade from C to D using BAMM schema ( documented by Scott Carney, in his book "Harmonic Trading of the Financial Markets: Volume Two" )


BUT if we're in trend channel........ yesssssssssssssss Gartley and BAT is best harmonic

imho

Quoting ozziedave
5M EU Bat pattern over shot the D point, but if you traded from the C point it was a nice profit.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: lieur ahh.jpg Size: 80 KB
Click to Enlarge Name: ahh bamm.jpg Size: 66 KB
not euphoria follower
  • #1,020
  • Jan 10, 2013 1:37am Jan 10, 2013 1:37am
Quoting well0143
hey ozdavit, I actually found this little trade today as well sneaky little pattern with a nice little take profit live as well; great little confidence booster hit my take profit and every thing very proud of myself predicted it quite well the yellow prz bow was there before the candles as well should do before and after piccies

Attachment
Good on ya...Well...Not sure if Mr Pip will approve. I believe we're supposed to wait until the pattern completes at "D" before attempting to trade. Couldn't resist taking a long position.
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