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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

  • #1,101
  • Jan 10, 2013 2:24pm Jan 10, 2013 2:24pm
Anyone saw this C aggresive Buy on Eur/Usd today ? Mr. Pip ?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1 C buy aggresive.png Size: 55 KB
  • #1,102
  • Jan 10, 2013 2:35pm Jan 10, 2013 2:35pm
Quoting LuisPrinc
Anyone saw this C aggresive Buy on Eur/Usd today ? Mr. Pip ?
Yes, I was in it. Attached is my 1hr chart. The blue triangle/quadrilateral is a completed ABCD, they grey box matches your C area, the higher blue box is a failed ABCD, and the market is deep in the yellow retracement. I try to keep a running chart with notable waves and their ABCD patterns always up on the screen

EURUSD 1hr
http://i.imgur.com/XJ2He.png

By the way, the grey + blue ABCDs on the 1hr are like the ones I just posted from EURUSD 1min where I was guaranteed 1 winner out of the two. Although I incorrectly posted that either did not need to go to target. Yes, 1 of the 2 must go to target unless they are equal sized, in which case, money management is not 100% correct. My apologies.
  • #1,103
  • Jan 10, 2013 2:52pm Jan 10, 2013 2:52pm
Quoting mduke04
Looking good!

BAT Sell - EURUSD H1
Update: Better looking candle formation for short. Great R/R potential. Best of luck to all who are in it.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1.jpg Size: 155 KB
"I don't always trade markets, but when I do, I prefer harmonics."
  • #1,104
  • Jan 10, 2013 3:03pm Jan 10, 2013 3:03pm
Yes that is correct. my entry is for the bat trade on eu. we will see what happens but as mduke04 just stated it has a very nice r:r.

Quoting well0143
looking to go short off the bat wing?
  • #1,105
  • Jan 10, 2013 3:12pm Jan 10, 2013 3:12pm
Quoting omonla
I thought price was gonna go down at C but i was so wrong.can you pls tell me why.ThanksAttachment
Well my friend this analysis is based on facts present on the charts. I can't speak for our friend IGYU5AN and if this is what he saw but I can tell you that you were against order flow. and did not see the areas of confluence the would have kept you in the direction of order flow. Remember I always say to take a step back and see if you missed anything? Trading what you see would have fatten your pockets big time.

The first chart is the daily it identifies major S/R
The Second is the 4H it identifies some key facts and also short term S/R
The third is the 4H with a closer look at where you felt price would drop which it did and why it failed to continue.

Hope this helps answer your question.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: $EURUSD (Daily) 1_11_2012 - 1_11_2013.jpg Size: 85 KB
Click to Enlarge Name: $EURUSD (240 Min) 1_10_2013 big picture.jpg Size: 122 KB
Click to Enlarge Name: $EURUSD (240 Min) 1_10_2013.jpg Size: 130 KB
If you fail to plan, you plan to fail.
  • #1,106
  • Jan 10, 2013 3:13pm Jan 10, 2013 3:13pm
based on ratio......totally agree we should see bearish BAT. but personally....... i will stay away from any position. let market calm down first. and see how this rally bull wants. and interpret what that bull candle means. this is how ...


1) just draw manually... the weekly open at least for last 2 or 3 weeks.
2) just draw manually ... the yearly open

see where we are : PA broke it ? stucked ? bounched ? just watch all this in those line....

3) draw trigger line........ this is the most important line in harmonic ( how the PA reacts to this line ? )

in harmonic .....most that i ever see ...... for one leg....... at least there is one harmonic pattern to form a leg ( could be in the same time frame...could be in lower time frame ) . the pattern could be anything....ab=cd,abcd,gartley, bat .... or whatever.



Quoting omonla
I thought price was gonna go down at C but i was so wrong.can you pls tell me why.ThanksAttachment
not euphoria follower
  • #1,107
  • Jan 10, 2013 3:14pm Jan 10, 2013 3:14pm
Quoting Bary
Trade what you see not what you thought!!
There was no way to tell which way price would go. BC leg is valid until PA shows you something else. Confirmation of price continuing down would be a break below B.
Look at Mr Pips last video, as he talks about exactly what you're asking.

If you fail to plan, you plan to fail.
  • #1,108
  • Jan 10, 2013 3:15pm Jan 10, 2013 3:15pm


hi brother......... am here...... why cant't speak for me ?




Quoting Mr. Pip
Well my friend this analysis is based on facts present on the charts. I can't speak for our friend IGYU5AN and if this is what he saw but I can tell you that you were against order flow. and did not see the areas of confluence the would have kept you in the direction of order flow. Remember I always say to take a step back and see if you missed anything? Trading what you see would have fatten your pockets big time.

The first chart is the daily it identifies major S/R
The Second is the 4H it identifies some key facts and also short term...
not euphoria follower
  • #1,109
  • Jan 10, 2013 3:17pm Jan 10, 2013 3:17pm
Quoting BroncoCap
Throwing my hat in--

First a heart-felt thank you to Mr. Pip and all those that participate actively in the thread, it is a good read with much to offer.

Secondly, I am going to be only an ABCD trader with modified rules which are still in development. I will be posting MT4 screenshots showing forming patterns and their results.

So here we go, watching this form on the EURUSD 1M

http://i.imgur.com/OfE86.png

Edit: I am going to trade this with the following--

buy limit at 61.8
buy limit at 78.6
stop at 100.0 + 0.5pip (aka...
Nothing wrong with that it's my bread and butter on the smaller timeframes. Own it make it your yours develop a set of rule you are comfortable with. Test them and let us know how you do.
If you fail to plan, you plan to fail.
  • #1,110
  • Jan 10, 2013 3:20pm Jan 10, 2013 3:20pm
Quoting gbryant20
I also took that trade and was expecting new lows due to the two retracements being the same. I took half of my position off at the 62% and was going to let the rest run with a b/e stop. I hope you didnt take a loss on the trade because you had good money it just didn't keep going and that is going to happen. Next time it might but the object is to make some money or at least not lose when you are up some good pips.
Following the rules would have provided a great return.
If you fail to plan, you plan to fail.
  • #1,111
  • Jan 10, 2013 3:31pm Jan 10, 2013 3:31pm
Quoting gbryant20
Mr. Pip I hope you don't mind but I wanted to show a shot of the S&P futures weekly chart. (I know its not pips so I will take it down if you like) Anyway looks like we might be headed for a ABCD in the near future. I hate seeing a doom and gloom economic picture but it sure looks like this is going to be a tough year in the markets.

That is all for me today. I think this is the most I have ever posted on a forum. I hope it helped someone!
Don't mind at all, yeah see what you mean gravity will set in soon I can see confluence at the top coming together.
If you fail to plan, you plan to fail.
  • #1,112
  • Jan 10, 2013 3:33pm Jan 10, 2013 3:33pm
Quoting Nate04
Jeez... come back a few hours later, and see my sell on AUD/USD is underwater... Still in the game, but this already feels like a loser... I'll be losing an interest payment for sure. Whats worse, there may have been like a 5 minutes period where the trade was around BE, other than that, its been underwater the entire time. blah.
Don't sweat it only be mad if you didn't follow your rules.
If you fail to plan, you plan to fail.
  • #1,113
  • Jan 10, 2013 3:36pm Jan 10, 2013 3:36pm
Quoting Nate04
Jeez... come back a few hours later, and see my sell on AUD/USD is underwater... Still in the game, but this already feels like a loser... I'll be losing an interest payment for sure. Whats worse, there may have been like a 5 minutes period where the trade was around BE, other than that, its been underwater the entire time. blah.

Yea nate i got fried by that one as well cleaned my live account the worst is it i knew it was a loser as soon as spiked up again was holding on for hope; oh well onwards and upwards
  • #1,114
  • Jan 10, 2013 3:37pm Jan 10, 2013 3:37pm
agressive C short on euro use 4 hour confirming 1 hour bat pattern short as well??

Attached Image (click to enlarge)
Click to Enlarge Name: USD (-).png Size: 22 KB
  • #1,115
  • Jan 10, 2013 3:47pm Jan 10, 2013 3:47pm
Quoting well0143
agressive C short on euro use 4 hour confirming 1 hour bat pattern short as well??

Attachment
Awesome that we are seeing the same things, see my chart in this post (http://www.forexfactory.com/showthread.php?p=6355778#post6355778) The yellow box represents the C zone that you show in your chart. Great work!
  • #1,116
  • Jan 10, 2013 3:52pm Jan 10, 2013 3:52pm
Quoting BroncoCap
Awesome that we are seeing the same things, see my chart in this post (http://www.forexfactory.com/showthread.php?p=6355778#post6355778) The yellow box represents the C zone that you show in your chart. Great work!

awesome, I feel positive that it is going to happen, and so do you which is even better on 5min, 15min it is showing a slowdown in bullish movement the 1hour tf shows a nice looking pivot candle the 4 hour tf is starting to show a candle pin short showing some selling off I think; it is going against the major teen but quite possible to be a retracment to test supports before going on a major bullish move again thats what I'm thinking please anybody re correct me but this is how I'm looking at it.

The only thing i hope there is no spike above 88.6 in another test because I'm running low on my live account
  • #1,117
  • Jan 10, 2013 3:53pm Jan 10, 2013 3:53pm
Quoting gbryant20
Yes I just entered at 3262. I hope the trade is still legit as I believe it is. If not please let me know lol. I just can't get away from the screen this stuff is too cool. Thanks again!
I'm in too
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD (60 Min) 1_10_2013.jpg Size: 73 KB
If you fail to plan, you plan to fail.
  • #1,118
  • Jan 10, 2013 3:56pm Jan 10, 2013 3:56pm
Quoting svezir
I just finished reading the whole thread (in 2 days). Long time indicator user but diving at the deep end with the Harmonics. Thank you Mr.Pip for concise and to the point instructions. Coming from an engineering background I find peace in methods that require observation, measurement, implementation and finally arriving at results.

As you present more patterns I am thinking of putting together a logic flow diagram to help me visualize more clearly the steps in working with Harmonics. For example, obtaining A or X point then looking for a...
I actually think it will help after a while it just happens automatically. Looking forward to seeing it.
If you fail to plan, you plan to fail.
  • #1,119
  • Jan 10, 2013 3:58pm Jan 10, 2013 3:58pm
Quoting LuisPrinc
Anyone saw this C aggresive Buy on Eur/Usd today ? Mr. Pip ?
Yes, I took it on the smaller timeframe it was nice.
If you fail to plan, you plan to fail.
  • #1,120
  • Jan 10, 2013 4:00pm Jan 10, 2013 4:00pm
Quoting Mr. Pip
I'm in too
well thats a confidence booster
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