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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

  • #1,261
  • Jan 13, 2013 11:28pm Jan 13, 2013 11:28pm
Quoting Mr. Pip
Interesting!
What does this mean ??
  • #1,262
  • Jan 13, 2013 11:31pm Jan 13, 2013 11:31pm
Quoting Mr. Pip
Well traders is there anything you want to go over tonight?
My analysis of the market has jumped very quickly while learning from you, I would love to see more examples of positions that you take if you don't mind. Or maybe on a discussion about other anaylsis tools you use that come under the harmonics heading.
  • #1,263
  • Jan 14, 2013 12:29am Jan 14, 2013 12:29am
I've entered the EURGBP 4 hr short at 0.8280 after the market opened , I hoped that price would immediately drop to fill the gap but it wasn't to be. I do see it as an ABCD , all comments welcome
Attached Image (click to enlarge)
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  • #1,264
  • Jan 14, 2013 1:41am Jan 14, 2013 1:41am
Quoting Damien1881
I've entered the EURGBP 4 hr short at 0.8280 after the market opened , I hoped that price would immediately drop to fill the gap but it wasn't to be. I do see it as an ABCD , all comments welcomeAttachment

Hi Damian

I'm just learning, so I'm going to comment in order to practice what I've learnt (What I am still learning).

I just had a look at your chart, your AB leg appears to be the CD leg of earlier an AB=CD pattern.

In terms of the ABCD pattern, you posted, I believe that D = 127% - 161% extension of AB, which means that price is still in that area, despite not having any structure at that level, you will find that .8300 is just below the 161% level, which could add confluence to a PRZ.....I would also check for PA (1hr TF) in that area.

Cheers
What you do is a reflection of you....what I do is a reflection of me.
  • #1,265
  • Jan 14, 2013 2:10am Jan 14, 2013 2:10am
Quoting Ezzy
Hi Damian

I'm just learning, so I'm going to comment in order to practice what I've learnt (What I am still learning).

I just had a look at your chart, your AB leg appears to be the CD leg of earlier an AB=CD pattern.

In terms of the ABCD pattern, you posted, I believe that D = 127% - 161% extension of AB, which means that price is still in that area, despite not having any structure at that level, you will find that .8300 is just below the 161% level, which could add confluence to a PRZ.....I would also check for PA (1hr TF) in that area.

Cheers...
Thanks Ezzy, I do see a bit of structure on the daily chart , don't know how relevant it will be, if at all . I've been trading Bats and Cyphers using limit orders with success and haven't worked on the basics, lol . Now I have a better understanding of order flow , I'm worried that I'm going against it.
  • #1,266
  • Jan 14, 2013 2:23am Jan 14, 2013 2:23am
Might be a three drive pattern or an Elliot wave five count? ( over analyzing )
  • #1,267
  • Jan 14, 2013 2:37am Jan 14, 2013 2:37am
Quoting Damien1881
Might be a three drive pattern or an Elliot wave five count? ( over analyzing )

Hey Damian, dont know about Elliot waves, so cant help there, maybe some of the others may be able to help in that regards.
What you do is a reflection of you....what I do is a reflection of me.
  • #1,268
  • Edited 4:37am Jan 14, 2013 3:21am | Edited 4:37am
Hey Mr. Pip ! I`am really amazed by your sharing knowledge and your great personality !
Anyway the famous Paul Tudor Jones always said that he made more money by looking for reversals than otherwise.
And finally I found Mr. Pip that show me how easy can be traded this like a too good to be true story ))
What do you think is this the right swing recognition on Euro ?
All the best !!!
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  • #1,269
  • Edited 4:59am Jan 14, 2013 4:48am | Edited 4:59am
i have done some back test on this system and i found out that you get the most valid trade when AB=CD i.e buying or selling at D.I think i will stick to that on a H4 chat.I will totally avoid the aggressive sell or buy at C.will be trading multiple pairs so hope to make atleast 500pips a month.Thanks alot Mr.Pips for this wonderful eye opener
  • #1,270
  • Jan 14, 2013 5:34am Jan 14, 2013 5:34am
G-U - closed the round number, 33 pips

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  • #1,271
  • Jan 14, 2013 6:36am Jan 14, 2013 6:36am
http://content.screencast.com/users/...01-14_1235.png

Not sure if this invalidates the Gartley pattern as it closed over the 61.8 on both the XA leg retrace and the AB retrace. Also to complete the pattern price would have to go near or penetrate the low of the entire pattern.
  • #1,272
  • Jan 14, 2013 6:57am Jan 14, 2013 6:57am
Hi to Mr. Pip and everyone else here,

I am a relatively new trader and brand new to harmonics. I've read this thread 3 times and I believe in their power, so off the bat thank you mr. pip for exposing it to us who haven't seen it before. I am halfway through Harmonic Trading Volume 1 and have read your criteria for basic patterns. I learn better through live examples and just found this thread 3 days ago but I am hooked.

I was wondering what you guys thought of my analysis on EUR/AUD 1H. this is my first attempt of measuring and charting harmonics, let me know.

The Tan Box at the top to start pattern for ABCD or Gartley, the tan box on the bottom is my projected PRZ. The Orange Box being where price would have to reverse to continue with a Gartley.
Attached Image
  • #1,273
  • Jan 14, 2013 7:27am Jan 14, 2013 7:27am
Quoting FineForex
Hi to Mr. Pip and everyone else here,

I am a relatively new trader and brand new to harmonics. I've read this thread 3 times and I believe in their power, so off the bat thank you mr. pip for exposing it to us who haven't seen it before. I am halfway through Harmonic Trading Volume 1 and have read your criteria for basic patterns. I learn better through live examples and just found this thread 3 days ago but I am hooked.

I was wondering what you guys thought of my analysis on EUR/AUD 1H. this is my first attempt of measuring and charting harmonics,...
Hey another TOS user! I also have MT4 thru another broker, much better spreads.
I can't zoom in your chart. Did you attach it as an attachment, below where it says Upload Attachments. If you have trouble let me know I'll walk you thru it.
Barry
  • #1,274
  • Jan 14, 2013 7:36am Jan 14, 2013 7:36am
I would love to learn more about the price action within the PRZ that you look at for entry. It seems that with just the few patterns you have gone over there are more than enough opportunities to make some good trades throughout the day. I would like to know how to get in them with the best odd of success. Thanks

Quoting Mr. Pip
I don't have a particular reversal pattern that I look for. You all probably have some that you look for (pins, doji, engulfing, 123) and are familar with. Look for rejection of the zone by whatever means you use.

I myself use price action analysis or candle analysis and let price tell me where to enter. We will discuss this too but do not want to throw too much at you at once. Too much information at once short circuts the brain. I will leave this up to you what do you want me to cover next the Gartley pattern or price action analysis. We will...
  • #1,275
  • Jan 14, 2013 7:38am Jan 14, 2013 7:38am
I did only 33 pips, I could make 90, in hindsight, I settled ...
  • #1,276
  • Jan 14, 2013 7:39am Jan 14, 2013 7:39am
forgot the picture ..

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  • #1,277
  • Jan 14, 2013 7:43am Jan 14, 2013 7:43am
Quoting Rexz
http://content.screencast.com/users/...01-14_1235.png

Not sure if this invalidates the Gartley pattern as it closed over the 61.8 on both the XA leg retrace and the AB retrace. Also to complete the pattern price would have to go near or penetrate the low of the entire pattern.
I believe it's valid, what I also liked was the AB=CD that formed on the CD leg and both D points were exactly the same
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD (150 Tick) 15_01_2013.jpg Size: 147 KB
  • #1,278
  • Jan 14, 2013 7:45am Jan 14, 2013 7:45am
for 1 pips tp does not take, I came here late, to be closed

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  • #1,279
  • Jan 14, 2013 8:13am Jan 14, 2013 8:13am
Quoting Bary
Hey another TOS user! I also have MT4 thru another broker, much better spreads.
I can't zoom in your chart. Did you attach it as an attachment, below where it says Upload Attachments. If you have trouble let me know I'll walk you thru it.
haha oh yeah TOS aka my first platform ever. im only 2 months into the game i am not negative which to me is an accomplishment.

my first post i put the chart as an upload, ill try it again but if it doesnt work this time im not sure exactly what to do
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  • #1,280
  • Jan 14, 2013 8:39am Jan 14, 2013 8:39am
Quoting Damien1881
I've entered the EURGBP 4 hr short at 0.8280 after the market opened , I hoped that price would immediately drop to fill the gap but it wasn't to be. I do see it as an ABCD , all comments welcomeAttachment
What reasons did you have for taking this trade?
If you fail to plan, you plan to fail.
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