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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

  • #1,561
  • Jan 17, 2013 7:32am Jan 17, 2013 7:32am
Quoting jb19
what do you guys think of this?
http://s8.postimage.org/uv0k8qca9/audusd.jpg (http://postimage.org/image/uv0k8qca9/)
there is an AB=CD, 61,8% convergence with the main swing, Daily pivot, .138% ex. and some past structure
Look about right. Do you know your SL and TP?
Barry
  • #1,562
  • Jan 17, 2013 7:34am Jan 17, 2013 7:34am
Anyone trading the C sell on eur/usd 60 min? R:R is good on it as of now but we will see if it can hold the PRZ.
  • #1,563
  • Jan 17, 2013 9:26am Jan 17, 2013 9:26am
Quoting gbryant20
Anyone trading the C sell on eur/usd 60 min? R:R is good on it as of now but we will see if it can hold the PRZ.
I did see that but I don't trade the 60M. I did use it as confluence on a D sell I took this am on the M1. My M1 trade worked perfectly +16
Barry
  • #1,564
  • Jan 17, 2013 9:28am Jan 17, 2013 9:28am
Quoting Davit
+33pips from B to C
Just reached my monthly goal of 10% with 2weeks left.
Great job!!
If you fail to plan, you plan to fail.
  • #1,565
  • Jan 17, 2013 9:31am Jan 17, 2013 9:31am
Quoting Bary
I did see that but I don't trade the 60M. I did use it as confluence on a D sell I took this am on the M1. My M1 trade worked perfectly +16
If you fail to plan, you plan to fail.
  • #1,566
  • Jan 17, 2013 10:11am Jan 17, 2013 10:11am
Mr. PIP

how do you think i should manage this trade
http://s7.postimage.org/vuzn5w0wn/gggggggg.jpg (http://postimage.org/image/vuzn5w0wn/)

im not sure since the 38% of the whole abcd move converge with the 38% of the cd move and the structuce at B
  • #1,567
  • Jan 17, 2013 10:14am Jan 17, 2013 10:14am
Mr Pip, when trading aggressive C entries, do you consider the AB swing size before trading? In other words, does the AB movement need to be a certain amount of pips before entering the aggressive C trade? I noticed on smaller time frames these occur often, but it may be better to take the position if the AB move is more significant. Thoughts?
"I don't always trade markets, but when I do, I prefer harmonics."
  • #1,568
  • Jan 17, 2013 10:39am Jan 17, 2013 10:39am
Mr Pip,
I was wondering if you consider this a valid aggressive C. I trade mostly longer timeframes. I considered the order flow to be up so I entered near .718 level.
Attached Image (click to enlarge)
Click to Enlarge Name: trade.jpg Size: 107 KB
  • #1,569
  • Jan 17, 2013 10:48am Jan 17, 2013 10:48am
Quoting rumba68
Mr Pip,
I was wondering if you consider this a valid aggressive C. I trade mostly longer timeframes. I considered the order flow to be up so I entered near .718 level. Attachment
Trade what you SEE, don't trade what you FEEL. Be Smart! - (Webadoi)
  • #1,570
  • Jan 17, 2013 10:57am Jan 17, 2013 10:57am
Hi all,

Bat on usdjpy 1H, not the nicest one, but the PRZ seems to hold.
shorted at 89.45 [email protected] [email protected]
Attached Image (click to enlarge)
Click to Enlarge Name: BAT-usdjpy-H1-20130117.jpg Size: 79 KB
  • #1,571
  • Jan 17, 2013 11:20am Jan 17, 2013 11:20am
I was reading the second harmonic book, and i noticed a failed 1.13 extension (the failed wave) that corresponded with previous resistance on gbpusd 1 minute. Here it is. Marked by the oval. The other two resistance bands were defined by the 61.8 and 78.6 lines and 23.6 lines and previous price action around them.

And the failed wave had a double bottom.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd_jan16_reversal.jpg Size: 112 KB
  • #1,572
  • Jan 17, 2013 12:20pm Jan 17, 2013 12:20pm
Quoting rumba68
Mr Pip,
I was wondering if you consider this a valid aggressive C. I trade mostly longer timeframes. I considered the order flow to be up so I entered near .718 level. Attachment
Yes short term orderflow is up and yes ABCD
If you fail to plan, you plan to fail.
  • #1,573
  • Jan 17, 2013 12:22pm Jan 17, 2013 12:22pm
Quoting mduke04
Mr Pip, when trading aggressive C entries, do you consider the AB swing size before trading? In other words, does the AB movement need to be a certain amount of pips before entering the aggressive C trade? I noticed on smaller time frames these occur often, but it may be better to take the position if the AB move is more significant. Thoughts?
Yes, The rules I posted has this on it and is valid for the 1H timeframe. If you will trade the lower timeframe you will need to adjust for a favorable RR
If you fail to plan, you plan to fail.
  • #1,574
  • Jan 17, 2013 12:24pm Jan 17, 2013 12:24pm
Quoting jb19
Mr. PIP

how do you think i should manage this trade
http://s7.postimage.org/vuzn5w0wn/gggggggg.jpg (http://postimage.org/image/vuzn5w0wn/)

im not sure since the 38% of the whole abcd move converge with the 38% of the cd move and the structuce at B
Stop to BE
If you fail to plan, you plan to fail.
  • #1,575
  • Jan 17, 2013 12:30pm Jan 17, 2013 12:30pm
Hello Traders,

Sorry I've been a little MIA been dealing with life things. I have made a short video about some of the things we have been discussing and included some candle analysis and how I use this. I know the quality of the videos is not the best on youtube but tride something different this time to see if it make it better. If you want to see something more specific I can dedicate a video to that topic. I will present to you Gartley pattern later on today but would like for you to continue trading and practicing the ABCD while you get up to speed with the Gartly.

I am very pleased with the progress I have seen and also thank everyone who has beed helping out and sharing while I was MIA.


I'm sorry the quality was worse so I'll post the Gartley later and make another video tomorrow.
If you fail to plan, you plan to fail.
  • #1,576
  • Jan 17, 2013 12:34pm Jan 17, 2013 12:34pm
I am new on this thread
Am I right here? What do you think Mr. Pip?
Attached Image (click to enlarge)
Click to Enlarge Name: trade.gif Size: 22 KB
Trading is the hardest easy money You'll ever get.
  • #1,577
  • Jan 17, 2013 12:54pm Jan 17, 2013 12:54pm
Quoting yohan777
I am new on this thread
Am I right here? What do you think Mr. Pip?
Stopped Out
Trading is the hardest easy money You'll ever get.
  • #1,578
  • Jan 17, 2013 12:58pm Jan 17, 2013 12:58pm
Quoting yohan777
Stopped Out
It happens, so was I. I played the ABCD short using that down wave you used as your first leg. It did trigger 61.8% then moved 61.8% favorably (aka Mr. Pips aggressive C target) only to retrace. I hedged that trade with a long ABCD, so roughly B/E on that series. Otherwise, been getting my arse handed to me. Seem to have a short bias and missing the win-win hedge opportunities.

All part of the process. Good luck!
  • #1,579
  • Jan 17, 2013 1:08pm Jan 17, 2013 1:08pm
Quoting yohan777
Stopped Out
I think order flow is up on that one. I wouldn't have gone short there. The uptrend on 5min retraced to 38.2 level before resuming up. You traded the minor correction after that. Risky in my opinion.
  • #1,580
  • Jan 17, 2013 1:24pm Jan 17, 2013 1:24pm
Hi

I am at page 36 and the words order flow have come up sometimes please explain how to be in the order flow ? and not trade against it.


Best regards
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