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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

  • #1,141
  • Jan 11, 2013 4:53am Jan 11, 2013 4:53am
Quoting mannai70
Hello all,

I've been following this thread in silence for some time now. Great thanks to Mr Pip for his work.

I was wondering if any of you or Mr. Pip himself could let me know if my posting below of the ABCD pattern is correct. If it is correct and considering the fact that that would have been an aggressive C long, that's a very nice RR, approx. 4:1

Cheers
Yes that looks correct. It's the ABCD part of the Gartley everyone was talking about a couple days ago.
Barry
  • #1,142
  • Edited 5:18am Jan 11, 2013 4:57am | Edited 5:18am
Morning all,

In the following ABCD trade (in orange). Was nervous as it exploded up. Time will tell.

Cheers!

EURUSD 1min
http://img835.imageshack.us/img835/3...77b999c07c.png

Edit:
Stopped out after wild ride

EURUSD 1min
http://img694.imageshack.us/img694/1...b8ea576cad.png
  • #1,143
  • Jan 11, 2013 5:32am Jan 11, 2013 5:32am
Quoting BroncoCap
Morning all,

In the following ABCD trade (in orange). Was nervous as it exploded up. Time will tell.

Cheers!

EURUSD 1min
http://img835.imageshack.us/img835/3...77b999c07c.png

Edit:
Stopped out after wild ride

EURUSD 1min
http://img694.imageshack.us/img694/1...b8ea576cad.png
I also took a couple trades this AM so far. BE on both. Shown on chart.
Also took a big hit on the failed BAT from yesterday!!! DAMN IT.
Attached Image (click to enlarge)
Click to Enlarge Name: 2Eu.jpg Size: 130 KB
Barry
  • #1,144
  • Jan 11, 2013 5:35am Jan 11, 2013 5:35am
Yeah that Bat trade on EURUSD was more like a vampire bat... It got me as well. Blah... I'm not having a very good run with this so far.
  • #1,145
  • Jan 11, 2013 5:39am Jan 11, 2013 5:39am
Yes the bat was tough but just have to trade the system. Now just hoping the au sell will still hang in there.
  • #1,146
  • Jan 11, 2013 5:43am Jan 11, 2013 5:43am
Here is a back to back combo pattern on 60 USDCHF. We had a bullish bat followed by a bearish gartley. Too bad I didn't pick this up a bit earlier.

Mr Pip..is this something that happens often?
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf 1hr gartley example 11.1.13.jpg Size: 106 KB
  • #1,147
  • Jan 11, 2013 5:45am Jan 11, 2013 5:45am
E/U H4 ABCD
Attached Image (click to enlarge)
Click to Enlarge Name: Now.jpg Size: 133 KB
Barry
  • #1,148
  • Jan 11, 2013 5:46am Jan 11, 2013 5:46am
Ah crap just lost my account to euro us noooooooooo what's worst I didn't like how it pushed though the 88.6 fib ratio
  • #1,149
  • Jan 11, 2013 5:52am Jan 11, 2013 5:52am
Update E/U H4
Attached Image (click to enlarge)
Click to Enlarge Name: H4 euro.jpg Size: 139 KB
Barry
  • #1,150
  • Jan 11, 2013 5:52am Jan 11, 2013 5:52am
Eur Usd daily

Attached Image (click to enlarge)
Click to Enlarge Name: eu2.gif Size: 21 KB
  • #1,151
  • Jan 11, 2013 6:04am Jan 11, 2013 6:04am
Quoting Damien1881
Mr Pip, How did you determine your stop for this AUDUSD 4hr at 1.0615 please ? I placed mine only 10 pips above X and unfortunately that didn't work by about 4 pips including the spread , wanted to keep it tight with all the warnings of a continuation.
The stop is 10 pips above X 1.0594 mine has not been hit. X is at 1.0584 the highest its been has been 1.0587 right now I'm up 2 pips but will probably suffer the same fate as the EU Bat. Price hanging out in the PRZ too long gives the bulls a chance to regroup for another push.
If you fail to plan, you plan to fail.
  • #1,152
  • Jan 11, 2013 6:06am Jan 11, 2013 6:06am
Quoting iqyu5an
hi dude...

i walk step by step into area of interest in my trading day

i mean from biggest time frame into smallest time frame. and i always save it into my template folder.

some traders like trading with indi... some traders like trading without indi.. so i just open my template to discuss. what template to open ? depends on whom i discussed

there is harmonic indi outside........ i believe some trader don't like it........ and i believe some trader like it ....... i know why this happened... coz some trader sometime get trapped in prz...


KISS is what its all about.
If you fail to plan, you plan to fail.
  • #1,153
  • Jan 11, 2013 6:07am Jan 11, 2013 6:07am
Quoting fiovit
Eur Usd daily

Attachment
H4 and daily line up nicely. It's more confluence for the PRZ.
Barry
  • #1,154
  • Jan 11, 2013 6:09am Jan 11, 2013 6:09am
Quoting Bary
E/U H4 ABCD
My E/U Shorts also hit much SL during the USD Trade Balance spike.

Reverse trades once hit SL, now long E/U looking also for AB=CD on H1 or H4.
  • #1,155
  • Jan 11, 2013 6:10am Jan 11, 2013 6:10am
Quoting well0143
Ah crap just lost my account to euro us noooooooooo what's worst I didn't like how it pushed though the 88.6 fib ratio
I do not know what you mean by 'lost my account' but if you mean it literally, you are doomed to fail. Re-read the money management posted by Mr. Pip. Whatever your threshold may be, you should never, ever, come close to blowing out an account based on 1 trade. At most, 1 trade should cost 5% of an account and that is very, very, very aggressive money management.

Just my two cents and sorry to step on toes, I just hope I am misreading your statement, if not, I feel your pain, but learn from it!
  • #1,156
  • Jan 11, 2013 6:14am Jan 11, 2013 6:14am
Quoting Davit
Got 4 shorts on Euro
3x TP 3180
1 at 3150
I am playing rather conservative because once my 4 orders hit TP I will fulfill my monthly target of 10%
Got 1 large buy UCAD at 9830 demand area .
Dangerous way to trade my friend. Hope it works out for you.
If you fail to plan, you plan to fail.
  • #1,157
  • Jan 11, 2013 6:16am Jan 11, 2013 6:16am
Quoting Mr. Pip
The stop is 10 pips above X 1.0594 mine has not been hit. X is at 1.0584 the highest its been has been 1.0587 right now I'm up 2 pips but will probably suffer the same fate as the EU Bat. Price hanging out in the PRZ too long gives the bulls a chance to regroup for another push.
I rounded to 1.0595 and got taken out with two different Australian brokers , both went to 1.0597 on the candles not including the spread, thought your stop was higher from what I could see on your chart. Can't even blame my broker when I have two giving me the same results lol. Thanks
  • #1,158
  • Jan 11, 2013 6:18am Jan 11, 2013 6:18am
Quoting BroncoCap
I do not know what you mean by 'lost my account' but if you mean it literally, you are doomed to fail. Re-read the money management posted by Mr. Pip. Whatever your threshold may be, you should never, ever, come close to blowing out an account based on 1 trade. At most, 1 trade should cost 5% of an account and that is very, very, very aggressive money management.

Just my two cents and sorry to step on toes, I just hope I am misreading your statement, if not, I feel your pain, but learn from it!
Yeah I know this very well had 70dollars in my igmarkets account but after 7 weeks they only let you trade at 1 lot now I gotta find myself a good broker who allows small live accounts with small lots anyone recommend anyone thinking capital cfds due to mt4 supported
  • #1,159
  • Jan 11, 2013 6:21am Jan 11, 2013 6:21am
Quoting well0143
Yeah I know this very well had 70dollars in my igmarkets account but after 7 weeks they only let you trade at 1 lot now I gotta find myself a good broker who allows small live accounts with small lots anyone recommend anyone thinking capital cfds due to mt4 supported
Ah, I see. Good it was circumstantial, not a way you trade. I do not know what is available in AU, but OANDA is the best for trying out strategies as you can use single unit size (but not with MT4). In reality, I would suggest demo'ing using any MT4 broker (or multiple to test their spread, execution GIVEN demo does NOT equal live), and save money. Once you have sufficient capital, then consider going live using the smallest size possible that still results in 1-3% account risk per trade. Sounds like you know all this. Good luck!
  • #1,160
  • Jan 11, 2013 6:22am Jan 11, 2013 6:22am
Quoting Ezzy
Hi Mr Pip, many thanks for your feedback in the earlier posts, much appreciated. I hope you don't mind me asking. In the chart I posted last night, I suggested that we may have a bearish gartley on the 4hr NZDUSD, your reply was that I got my ratios a bit off.

I will re-post it for you to take a look at it, if you don't mind.

In post 1057 another Chart was posted of the 4hr NZD USD, and you indicated that it was a valid gartley. Looking at both, they both have the same ratios, just wondering if I am missing something.

Thanks again
Ezzy
I guess maybe it was my eyes it's difficult to see values on MT4. It anyone took that Gartley you are enjoying around 50 pips of profit right about now and is interacting with some support.
Attached Image (click to enlarge)
Click to Enlarge Name: $NZDUSD (60 Min) 1_11_2013.jpg Size: 119 KB
If you fail to plan, you plan to fail.
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