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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

  • #1,301
  • Jan 14, 2013 9:46am Jan 14, 2013 9:46am
Quoting Bary
For me the Holy Grail is MR PIP!! I am fortunate to have met you and honored to know you.
Thank you soo much my friend. I am fortunate as well.
If you fail to plan, you plan to fail.
  • #1,302
  • Jan 14, 2013 9:50am Jan 14, 2013 9:50am
Hey everybody, nice trading I see, along with some fresh faces. Keep up the good work.

Here is my chart, lots of opportunity. Just closed the ABCD marked in deep pink. And just started the light green short ABCD. Also took the blue ABCD from Sunday. There are few ABCDs that do not have the colored rectangle to match from Sunday, both would have been losers. But there are also some nice winners as well including the yellow ABCD. In short, watch, watch, watch, trade, trade, trade. Get those statistics, analyze, grow, and win!

Talk with everyone later.

EURUSD 1min
http://i.imgur.com/0i7Zr.png
  • #1,303
  • Edited 10:04am Jan 14, 2013 9:53am | Edited 10:04am
"d" in your chart could be C in higher TF or bigger periode...try to zoom in and zoom out... u will get the idea.

lets trade from "d" to "D"

could be the longest wave ...........


EU as old example ....
http://www.forexfactory.com/attachme...7&d=1358145945
this is harmonic elliot wave ........HEW

for GU... it's in certain point at that chart at the moment .........am looking for the longest wave like EU last week. hopefully............... praying time

Quoting fiovit
ah, now I get it ...
not euphoria follower
  • #1,304
  • Jan 14, 2013 9:53am Jan 14, 2013 9:53am
Quoting gbryant20
This is a 5min chart of eur/usd. I have a question regarding order flow. From what I gather the order flow is down...correct me if I am wrong please. With that being said there is a buy opportunity for an agressive C. Would the preferd trade be the agressive C sell that we are still waiting for or the buy? I know one could play both I am just trying to get my mind wrapped around the trades with order flow. Thanks
Hi gb,
Check my chart I just posted. You correctly identified the pink ABCD that I traded. Yes it was against orderflow (market putting in lower highs and lower lows), but these counter-trend ABCD's do work. As Mr. Pip would suggest--Quickly get the stop to BreakEven upon hitting 38% and tap out at 61%. I waited for the full move, but those gyrations had me concerned. Currently, I do not move stops/targets as I am just gathering data based on the fundamental rules I have created.

Great work!
  • #1,305
  • Jan 14, 2013 10:27am Jan 14, 2013 10:27am
Quoting iqyu5an
"d" in your chart could be C in higher TF or bigger periode...try to zoom in and zoom out... u will get the idea.

lets trade from "d" to "D"

could be the longest wave ...........


EU as old example ....
http://www.forexfactory.com/attachme...7&d=1358145945
this is harmonic elliot wave ........HEW

for GU... it's in certain point at that chart at the moment .........am looking for the longest wave like EU last week. hopefully............... praying time
H4 effectively retrace to 78.6, in the long run it could happen, let's see ...

Attached Image (click to enlarge)
Click to Enlarge Name: gu3.gif Size: 28 KB
  • #1,306
  • Jan 14, 2013 10:32am Jan 14, 2013 10:32am
nahhh u get the idea

look at the overall...the ratio could be called as BAT


Quoting fiovit
H4 effectively retrace to 78.6, in the long run it could happen, let's see ...

Attachment
not euphoria follower
  • #1,307
  • Jan 14, 2013 10:33am Jan 14, 2013 10:33am
Quoting gbryant20
This is a 5min chart of eur/usd. I have a question regarding order flow. From what I gather the order flow is down...correct me if I am wrong please. With that being said there is a buy opportunity for an agressive C. Would the preferd trade be the agressive C sell that we are still waiting for or the buy? I know one could play both I am just trying to get my mind wrapped around the trades with order flow. Thanks

TThis is the price action I traded this morning but on the 233T. I have added a couple of trades to the count. But this is to show you short term order flow and longer term order flow You can play them both. The Gartley completed in line with longerterm orderflow adding strength to the pattern. The aggressive C around 1.3342 was supported by short term orderflow and an ABCD of the Gartley this aggressive entry had a case for entry.
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD (5 Min) 1_14_2013.jpg Size: 102 KB
If you fail to plan, you plan to fail.
  • #1,308
  • Jan 14, 2013 10:36am Jan 14, 2013 10:36am
Quoting BroncoCap
Hey everybody, nice trading I see, along with some fresh faces. Keep up the good work.

Here is my chart, lots of opportunity. Just closed the ABCD marked in deep pink. And just started the light green short ABCD. Also took the blue ABCD from Sunday. There are few ABCDs that do not have the colored rectangle to match from Sunday, both would have been losers. But there are also some nice winners as well including the yellow ABCD. In short, watch, watch, watch, trade, trade, trade. Get those statistics, analyze, grow, and win!

Talk with...

Nice work!
If you fail to plan, you plan to fail.
  • #1,309
  • Jan 14, 2013 10:41am Jan 14, 2013 10:41am
Quoting iqyu5an
nahhh u get the idea

look at the overall...the ratio could be called as BAT
sorry, I confused with AB-CD
  • #1,310
  • Jan 14, 2013 10:45am Jan 14, 2013 10:45am
I had missed the orginal NZDUSD Gartley from Friday but found an opportunity to reenter this morning on an aggressive C on the correction from last night. The RR was still very nice and the case for entry was there. Here is the chart. Up 26 Pips.
Attached Image (click to enlarge)
Click to Enlarge Name: $NZDUSD (60 Min) 1_14_2013.jpg Size: 123 KB
If you fail to plan, you plan to fail.
  • #1,311
  • Jan 14, 2013 10:45am Jan 14, 2013 10:45am


http://www.nature.com/ki/journal/v62...4493262f1b.gif

Quoting fiovit
sorry, I confused with AB-CD
not euphoria follower
  • #1,312
  • Jan 14, 2013 10:47am Jan 14, 2013 10:47am
Quoting iqyu5an


http://www.nature.com/ki/journal/v62...4493262f1b.gif
If you fail to plan, you plan to fail.
  • #1,313
  • Jan 14, 2013 10:49am Jan 14, 2013 10:49am
Quoting iqyu5an


http://www.nature.com/ki/journal/v62...4493262f1b.gif
That.Is.Awesome!
  • #1,314
  • Jan 14, 2013 10:52am Jan 14, 2013 10:52am
that's trading... how to see overall... like sitting in helicopter cockpit

http://www.aerospace-technology.com/...mages/img3.jpg

http://www.youtube.com/watch?v=pmG0KyY38H8
( dedicated for GU )
not euphoria follower
  • #1,315
  • Jan 14, 2013 11:21am Jan 14, 2013 11:21am
Quoting iqyu5an


http://www.nature.com/ki/journal/v62...4493262f1b.gif
Darn someone needs to tell them its "DARN BIG" RAT with AB=CD
.
  • #1,316
  • Jan 14, 2013 11:39am Jan 14, 2013 11:39am
A lot of good action today, unfortunately I've been occupied at work and couldn't engage anything.

On the short term, if this develops it may be a good entry point for a long.

EURUSD M15 - ABCD - D Entry Target
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm15_abcd.gif Size: 24 KB
"I don't always trade markets, but when I do, I prefer harmonics."
  • #1,317
  • Jan 14, 2013 11:56am Jan 14, 2013 11:56am
Mr pip,
Have you found that you can achieve tighter stop losses if you wait for price rejection? I was reading the book, for example, and it says that for AB = CD patterns that retrace to 0.618, you should look for price action in the 1.618 BC projection, and if it retraces to 0.786, you should look for a 1.27 BC projection PRZ zone. Your rules allow us to trade ABCD patterns , where C is a .618 - .786 retracement and D is a 1.27 to 1.618 projection of BC.

So, if it retraced to 0.618 and went to the 1.618 BC projection area and then , via price rejection ,consolidated, you could possible set a tighter stop loss, outside of the consolidated range, instead of putting it at 10 pips beyond the 1.618 level? Or would this reduce winning ratio too much?
  • #1,318
  • Jan 14, 2013 12:02pm Jan 14, 2013 12:02pm
Okay Traders you asked for my session and here it is. I had to rush through it a bit because these videos have time limits but hopefully you get to see the approach. The shorter timeframes are busy and lots of fun. I entered my last trade around 11 and I started at 7 so 4 hours of trading. If the video is too rushed or too hard to follow don't worry that is not the focus of the thread. You will get there but we have to take baby steps. I'm glad to see many profitable trades which should help start builing that belief system. Well as with every video posts questions comments and concerns.


http://www.youtube.com/watch?feature=player_detailpage&v=jH89gpGxkuE
If you fail to plan, you plan to fail.
  • #1,319
  • Jan 14, 2013 12:07pm Jan 14, 2013 12:07pm
Quoting Starry
Mr pip,
Have you found that you can achieve tighter stop losses if you wait for price rejection? I was reading the book, for example, and it says that for AB = CD patterns that retrace to 0.618, you should look for price action in the 1.618 BC projection, and if it retraces to 0.786, you should look for a 1.27 BC projection PRZ zone. Your rules allow us to trade ABCD patterns , where C is a .618 - .786 retracement and D is a 1.27 to 1.618 projection of BC.

So, if it retraced to 0.618 and went to the 1.618 BC projection area and then , via price...
Price can reverse anywhere in that range the stops are tight enough if you wait around for that perfect extension you will find yourself missing the boat many many time. Find the most confluence in the PRZ and shoot for entry there unpon price action confermation. Books are great and often cherry pick charts. Real time is a whole different animal. Too tight and you will be stopped out. The market also needs some breathing room.
If you fail to plan, you plan to fail.
  • #1,320
  • Jan 14, 2013 1:27pm Jan 14, 2013 1:27pm
Thanks for that great view into your daily analysis AND Thanks for your generosity to share your experience !!!

Quoting Mr. Pip
Okay Traders you asked for my session and here it is. I had to rush through it a bit because these videos have time limits but hopefully you get to see the approach. The shorter timeframes are busy and lots of fun. I entered my last trade around 11 and I started at 7 so 4 hours of trading. If the video is too rushed or too hard to follow don't worry that is not the focus of the thread. You will get there but we have to take baby steps. I'm glad to see many profitable trades which should help start builing that belief system. Well as with every video...
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