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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

  • #1,041
  • Jan 10, 2013 6:49am Jan 10, 2013 6:49am
Quoting HelloOz
i thought D would be 88.6 of X-A ?
They are refering to a Gartley you might be thinking of a Bat?
If you fail to plan, you plan to fail.
  • #1,042
  • Jan 10, 2013 6:50am Jan 10, 2013 6:50am
Quoting Nate04
I'm currently waiting on a lower high/lower low on the 15 min chart for entry.
And I'm in... Stop loss 10 pips above 161.8, BE set at 38.2, TP a couple of pips above 61.8. Very close to a 1:2 risk/reward. I gotta walk away from it now, because if I stare at the chart I'll drive myself nuts. lol
  • #1,043
  • Jan 10, 2013 6:54am Jan 10, 2013 6:54am
Quoting ozziedave
5M EU Bat pattern over shot the D point, but if you traded from the C point it was a nice profit.
If you fail to plan, you plan to fail.
  • #1,044
  • Jan 10, 2013 6:55am Jan 10, 2013 6:55am
Is that a cypher on the gbp/usd 1H chart
  • #1,045
  • Jan 10, 2013 6:57am Jan 10, 2013 6:57am
Quoting Kilian19
And that happens when I am not home. 2 beautiful abcd trades. Lets see if this patterns develop.

Attachment

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

Attachment

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.


I know that the pattern got invalid, but I don't quite...
You had asked about a potential Gartley and price closed below the 78.6 of the C leg.
If you fail to plan, you plan to fail.
  • #1,046
  • Jan 10, 2013 7:03am Jan 10, 2013 7:03am
Quoting ozziedave
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.
We have not covered any of the patterns yet other then the ABCD. I can only offer you my set up and rules on how you trade them. Do not be a Kamikaze trader. Be patient there are tons of ABCD and AB=CB. You could even make a very nice living just on the ABCD.
If you fail to plan, you plan to fail.
  • #1,047
  • Jan 10, 2013 7:12am Jan 10, 2013 7:12am
I'm trying this, what do you think?

Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 26 KB
  • #1,048
  • Jan 10, 2013 7:12am Jan 10, 2013 7:12am
Quoting iqyu5an
PRZ

anything could happened there... that's why harmonic trader should control their lot if taking a trade within the PRZ

how to controll ? here it is ..

http://www.forexfactory.com/attachme...8&d=1357457251
With all due respect lets keep indicators out of the picture. I do not use them and find no need to. Confirmation comes from price action. Thanks.
If you fail to plan, you plan to fail.
  • #1,049
  • Jan 10, 2013 7:12am Jan 10, 2013 7:12am
Am I correct in saying that your profit target on the AB=CD pattern would be the same as the ABCD? With moving stop to B/E at 38% retracement of AD and taking profit at 62% of AD.



Quoting Mr. Pip
We have not covered any of the patterns yet other then the ABCD. I can only offer you my set up and rules on how you trade them. Do not be a Kamikaze trader. Be patient there are tons of ABCD and AB=CB. You could even make a very nice living just on the ABCD.
  • #1,050
  • Jan 10, 2013 7:18am Jan 10, 2013 7:18am
Quoting foxybunny
iqyu5an, yes those pictures are the rules based on the those patterns by some persons.

I prefer my own observations and also from Larry Pesavento's guidelines that is a bit different to the rules above.
And 100% XA-leg retracement to a Double-Top can still be valid and a possible good reversal sign.

By the way, I just did a FF search on the Hurst Exponent you mentioned as looking for the actual MT4 source code but did not find it.
Prefer source code than execution file.
Would you have that source code and post it?
Please do not post and indicators onto the thread PM it to him. I am trying to do something here that is indicator free. Please respect that. This thread will not go down the same road as many. I respect you please respect me. Thanks and do not mean for this post to anger you or discourage you from contributing.
If you fail to plan, you plan to fail.
  • #1,051
  • Jan 10, 2013 7:39am Jan 10, 2013 7:39am
Quoting Ezzy
Ok , this is my practice time. Again, comments and positive feedback are welcome

This looks to me like bearish Gartley (If price turns at approx this point).
Your ratios seem a bit off this is what I have and other opportunities for the Gartley. We will discuss these in detail it is the next pattern we will discuss.
Attached Image (click to enlarge)
Click to Enlarge Name: $NZDUSD (240 Min) 1_10_2013.jpg Size: 109 KB
If you fail to plan, you plan to fail.
  • #1,052
  • Jan 10, 2013 7:39am Jan 10, 2013 7:39am
Hello,

I finished reading every single post, thank you for sharing your knowledge and for going steps by steps. I am still focusing on ABCD pattern, here is the one I think I may have spotted, waiting for a bullish signal:

USD/CHF 1H
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHF ABCD.jpg Size: 130 KB
  • #1,053
  • Jan 10, 2013 7:42am Jan 10, 2013 7:42am
Quoting Ezzy
Please excuse my naivety.

Is it just me, or do legs AB = CD on a Gartley pattern?
Yes a Gartley has an ABCD in it. Review the videos
If you fail to plan, you plan to fail.
  • #1,054
  • Jan 10, 2013 7:51am Jan 10, 2013 7:51am
Quoting Damien1881
It maybe an invalid Gartley or Bat, I've been trading Bats that after entry have formed double tops entering at 88.6 with a stop above X and been doing ok. This one I decided to wait for the ABCD completion at 127 ext which gives me 20 pip stop for a 140 potential profit back to the 61.8, So , as far as the news goes in China or anywhere else , I'm taking these trades.Attachment
We did the same thing LOL. It is an ugly Gartley and a valid one per my rules.
Attached Image (click to enlarge)
Click to Enlarge Name: $AUDUSD (240 Min) 1_10_2013.jpg Size: 109 KB
If you fail to plan, you plan to fail.
  • #1,055
  • Jan 10, 2013 7:54am Jan 10, 2013 7:54am
Quoting gbryant20
Does anyone else see this EU on 60 min as a possible Bat trade?
I'm with you on this one.

I placed an aggressive C buy yesterday with much success.

EURUSD H1
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1.jpg Size: 164 KB
"I don't always trade markets, but when I do, I prefer harmonics."
  • #1,056
  • Jan 10, 2013 7:54am Jan 10, 2013 7:54am
Quoting gbryant20
Here is my first post with a screen shot. Is this a good setup for the AU ABCD pattern?
Yes
If you fail to plan, you plan to fail.
  • #1,057
  • Jan 10, 2013 7:55am Jan 10, 2013 7:55am
Quoting ozziedave
Here is the 4hr Nzdusd chart. The B leg has come up past the 61.8% but short of the 78.6%. Not sure if this is a valid Gartley or has it possibly turned into a butterfly?
It is a valid Gartley
Attached Image (click to enlarge)
Click to Enlarge Name: $NZDUSD (240 Min) 1_10_2013.jpg Size: 109 KB
If you fail to plan, you plan to fail.
  • #1,058
  • Jan 10, 2013 7:59am Jan 10, 2013 7:59am
Quoting gbryant20
Does anyone else see this EU on 60 min as a possible Bat trade?
Yes it's on the radar.
If you fail to plan, you plan to fail.
  • #1,059
  • Jan 10, 2013 8:02am Jan 10, 2013 8:02am
Quoting deotoknow
Is that a cypher on the gbp/usd 1H chart

Don't see it post a chart.
If you fail to plan, you plan to fail.
  • #1,060
  • Jan 10, 2013 8:09am Jan 10, 2013 8:09am
Quoting fiovit
I'm trying this, what do you think?

Attachment
Well we are at a point where it could be an aggressive C sell or a Bat
If you fail to plan, you plan to fail.
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