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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

  • #1,501
  • Jan 16, 2013 9:06am Jan 16, 2013 9:06am
Quoting Mr. Pip
Great see the difference!
yep! I think from now on if i want to test previous days i will use the ninjatrader simulator to simulate real live conditions.
  • #1,502
  • Jan 16, 2013 9:47am Jan 16, 2013 9:47am
Quoting Ezzy
Lets see if I got this one right

ABCD pattern

C was inside 61.8%, D was in between 127% extension and 168% extension (almost reaching 168%).

There is some structure when you look a little to your left (not on this screen shot). Also AB not equal to, but very similar to CD.

Bought at D and took profit just under 61.8%.

Against order flow, so took small profit.

Dont worry about the sell trade....that's a longer TF trade.
Good Job
If you fail to plan, you plan to fail.
  • #1,503
  • Jan 16, 2013 9:51am Jan 16, 2013 9:51am
Quoting fiovit
This is called discretionary trading, or open a position at point D, instead of stop loss, I opened another position at 261.8. total 60 pips profit

Attachment
Lucky for you it worked out. This is Kamikaze trading. Never add to a losing postision. If you want to scale into your postion that is fine until you get the hang of the PRZ. Take your trade size and devide it by 3 open position at the top of tyour PRZ another in the middle and the last at the bottom.
If you fail to plan, you plan to fail.
  • #1,504
  • Jan 16, 2013 9:51am Jan 16, 2013 9:51am
Just caught an ABCD pattern on the EU 5M chart. Aggressive C buy.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 5m abcd 17.1.13.jpg Size: 133 KB
  • #1,505
  • Jan 16, 2013 9:52am Jan 16, 2013 9:52am
Quoting fiovit
TP hit, total 90 pips today, thanks Mr pip.

Attachment
welcome carefull with the orders.
If you fail to plan, you plan to fail.
  • #1,506
  • Jan 16, 2013 9:53am Jan 16, 2013 9:53am
Quoting Damien1881
A Cypher in light green, Gartley in blueAttachment and ABCD all completed and I wasn't watching this pair so missed it.
The 233 T only offers you the ability to trade one pair comfortably.
If you fail to plan, you plan to fail.
  • #1,507
  • Jan 16, 2013 10:07am Jan 16, 2013 10:07am
Just messin around. Having a slow day at work so I am trying to get my head around this stuff. Tell me what you think?
Attached Image (click to enlarge)
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Empower Your Mind
  • #1,508
  • Jan 16, 2013 10:07am Jan 16, 2013 10:07am
Quoting LuisPrinc
Hi mr. Pip !
As I see in your 2. trade ABCD Sell you took your tp at 61.8% of CD instead as mentioned in your rules of trading on 61.8% of AD leg !
Also all your trades were for me very difficult to understand if you take into account only rules that you provide us on C-aggresive and ABCD pattern.
Could you explain it how in the video later, so we should make clear how to trade patterns 100% accordingly to our rules ? I am now very confused how you determine the main swings and wonder how am I gonna be able to it do like you in the future.
Thanks...
I'm sorry I have confused you. I took profit at the 61.8 of the main swing because it was against long term orderflow. Once there was a retest and failure at the double top the pattern was traded. Had you not seen that you would have still been fine with one less trade and great profit. Did not mean to throw a wrench your way.
If you fail to plan, you plan to fail.
  • #1,509
  • Jan 16, 2013 10:10am Jan 16, 2013 10:10am
Quoting jb19
@MR.PIP
you wouldn't be familiar, with Jason Stapleton or Akil Stokes? your trading style is almost identical
Yes, I am familiar with Jason not Akil very similar he has way more rules, I don't know how he keeps track of them all. He knows his Harmonics and is sells professional education very $$$$$$$
If you fail to plan, you plan to fail.
  • #1,510
  • Jan 16, 2013 10:16am Jan 16, 2013 10:16am
Quoting Mr. Pip
Lucky for you it worked out. This is Kamikaze trading. Never add to a losing postision. If you want to scale into your postion that is fine until you get the hang of the PRZ. Take your trade size and devide it by 3 open position at the top of tyour PRZ another in the middle and the last at the bottom.
I will follow your advice, thanks, you are a genuine artist ...
  • #1,511
  • Jan 16, 2013 10:17am Jan 16, 2013 10:17am
Quoting vqtrader
Just messin around. Having a slow day at work so I am trying to get my head around this stuff. Tell me what you think?
My feed is a bit different than yours but yes Gartley
If you fail to plan, you plan to fail.
  • #1,512
  • Jan 16, 2013 10:42am Jan 16, 2013 10:42am
First trade today, probably shouldnt have taken because i didn't enter at the right price and got a skewed rr of less than 1 with spread and commission, but it worked!

The large losses were from me testing a script, so they really shouldnt have been there, and the first one was my breakeven gbpjpy trade. but i got screwed up trying to trade another short from the zone so lol. Maybe just abcd patterns that retrace to the 61.8 would be good.

Attached Image (click to enlarge)
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  • #1,513
  • Jan 16, 2013 10:49am Jan 16, 2013 10:49am
Hello everybody,

beautiful Gartely on eurjpy 5min
Attached Image (click to enlarge)
Click to Enlarge Name: Gartley-eurjpy-5min_20130116.jpg Size: 81 KB
  • #1,514
  • Jan 16, 2013 10:54am Jan 16, 2013 10:54am
Hey!

Is this gartley on eur yen okey to trade with our rules ?
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYM15 gartley.png Size: 59 KB
  • #1,515
  • Jan 16, 2013 10:56am Jan 16, 2013 10:56am
Mr. Pip

would you class thies as cyphers on the 30 min chart aud/usd

Attached Image (click to enlarge)
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  • #1,516
  • Jan 16, 2013 11:05am Jan 16, 2013 11:05am
Quoting LuisPrinc
Hey!

Is this gartley on eur yen okey to trade with our rules ?
I'm on the road but if you do trade it use the ABCD rules
If you fail to plan, you plan to fail.
  • #1,517
  • Jan 16, 2013 11:20am Jan 16, 2013 11:20am
EU 5 minute chart

How does this aggressive C sell look?

Price has repeatedly failed to close above the 78.6% retracement of the AB leg.
Attached Image (click to enlarge)
Click to Enlarge Name: EU.png Size: 24 KB
  • #1,518
  • Jan 16, 2013 11:24am Jan 16, 2013 11:24am
Update: As i was typing i see they started to fall and hit the 38% retracement so my stop is at b/e. We will see how it plays out with fed beige book coming out at 2pm est.

I am still trying to get everything down but as for my 2 cents. It looks like a good area for a C sell however they are having a hard time getting out of the PRZ. With that being said I am short at the moment but have a tight stop on it.
Quoting sho
EU 5 minute chart

How does this aggressive C sell look?

Price has repeatedly failed to close above the 78.6% retracement of the AB leg.
  • #1,519
  • Jan 16, 2013 11:24am Jan 16, 2013 11:24am
Quoting sho
EU 5 minute chart

How does this aggressive C sell look?

Price has repeatedly failed to close above the 78.6% retracement of the AB leg.
Stop moved to B/E!
  • #1,520
  • Jan 16, 2013 11:26am Jan 16, 2013 11:26am
Quoting gbryant20
I am still trying to get everything down but as for my 2 cents. It looks like a good area for a C sell however they are having a hard time getting out of the PRZ. With that being said I am short at the moment but have a tight stop on it.
Yeah, price was hanging around the PRZ for a while
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