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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

  • #1,641
  • Jan 18, 2013 3:29am Jan 18, 2013 3:29am
This Gartely is just a beauty , meeting structure....
Long 94.21 SL 94.17 Target 94.55
Attached Image (click to enlarge)
Click to Enlarge Name: Gartley-audjpy-5min_20130118.jpg Size: 133 KB
  • #1,642
  • Jan 18, 2013 3:37am Jan 18, 2013 3:37am
Quoting kyurem
Hi all

butterfly on gbpusd 5min: Long @1.5944 SL 1.5935 TP 15968
stopped out , waiting for the crab+ABCD
Attached Image (click to enlarge)
Click to Enlarge Name: crab_gbpusd_5min_20130118.jpg Size: 98 KB
  • #1,643
  • Jan 18, 2013 3:40am Jan 18, 2013 3:40am
Quoting kyurem
This Gartely is just a beauty , meeting structure....
Long 94.21 SL 94.17 Target 94.55
Took the same trade but on gbpjpy
  • #1,644
  • Jan 18, 2013 3:43am Jan 18, 2013 3:43am
Quoting Damien1881
Took the same trade but on gbpjpy
Great ! I'm BE + 1pip. now. heavily loaded on that one.
  • #1,645
  • Jan 18, 2013 3:54am Jan 18, 2013 3:54am
Quoting Damien1881
Took the same trade but on gbpjpy
very nice ABCD one too
The gartely is not completed yet....
Attached Image (click to enlarge)
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  • #1,646
  • Jan 18, 2013 4:11am Jan 18, 2013 4:11am
Hello all,

Could someone please clarify when is it when we can take the aggressive C, is it in a ABCD or AB=CD or both?

From my understanding a ABCD is when the C is at a 61.8 retracement and not closing above 78.6.

And a AB=CD is when the retracement is below 61.8 close or above 78.6 close.


Thanks
Appreciate it.
  • #1,647
  • Jan 18, 2013 4:36am Jan 18, 2013 4:36am
Can't say for sure but would have thought that you don't know if the B-C pattern is nearing completion on an AB=CD until the C-D starts to form , where as an aggressive C on an ABCD would have a much deeper retrace and more probable outcome. Just my 2c worth.

Quoting mannai70
Hello all,

Could someone please clarify when is it when we can take the aggressive C, is it in a ABCD or AB=CD or both?

From my understanding a ABCD is when the C is at a 61.8 retracement and not closing above 78.6.

And a AB=CD is when the retracement is below 61.8 close or above 78.6 close.


Thanks
Appreciate it.
  • #1,648
  • Jan 18, 2013 4:41am Jan 18, 2013 4:41am
Quoting kyurem
stopped out , waiting for the crab+ABCD
Had a similar trade, but think we were let down by fundementals due to the poor UK retail sales causing the spike down. I was banking on a good figure as the bulls looked strong at the 944 level.

Further down there may be confluence around the 15918 area on the daily. Though it's possibly already outside of the 78.6 on the Daily chart, but this wont confirm until next week and I'm not sure this method is used at this wider time frame.

Regards to all.
  • #1,649
  • Jan 18, 2013 4:55am Jan 18, 2013 4:55am
Quoting kyurem
Great ! I'm BE + 1pip. now. heavily loaded on that one.
stopped out for 1 pip


Re enter on price action, double bottom, scaling in between 94.20 and 94.26, targetting 94.55 and sl at 94.15.....
  • #1,650
  • Jan 18, 2013 5:01am Jan 18, 2013 5:01am
Quoting redpip61
Had a similar trade, but think we were let down by fundementals due to the poor UK retail sales causing the spike down. I was banking on a good figure as the bulls looked strong at the 944 level.

Further down there may be confluence around the 15918 area on the daily. Though it's possibly already outside of the 78.6 on the Daily chart, but this wont confirm until next week and I'm not sure this method is used at this wider time frame.

Regards to all.
agree with you about fundamentals, that's why we have SL for....
with wider TF, wider SL, wider TP, that's it...
  • #1,651
  • Jan 18, 2013 5:06am Jan 18, 2013 5:06am
G-U, I'm trying this, two buy limit, extension 127 and 161.8

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  • #1,652
  • Jan 18, 2013 6:21am Jan 18, 2013 6:21am
I have a few minutes before work so I threw a 1-min chart to view. The orderflow is down and based off the ratios I am looking at either a overall ABCD if it breaks the low or a BAT pattern. On the main swing it hit 38-50% which made me diregard the garley for overall movement. After watching it reversed and hit 61.8% which suggest ABCD, Butterfly, garley on green ratio. How I will play it. if it hits the PRZ area and complete I will short if it breaks the low I will play the ABCD down. any takers on what you see at the moment
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Empower Your Mind
  • #1,653
  • Jan 18, 2013 6:35am Jan 18, 2013 6:35am
Quoting mannai70
Hello all,

Could someone please clarify when is it when we can take the aggressive C, is it in a ABCD or AB=CD or both?

From my understanding a ABCD is when the C is at a 61.8 retracement and not closing above 78.6.

And a AB=CD is when the retracement is below 61.8 close or above 78.6 close.


Thanks
Appreciate it.
Mr Pip does a video on ABCD vs AB=CD. Check post 1 Kilian19
An aggressive C entry is taken when there's a close between 61.8 and 78.
Barry
  • #1,654
  • Jan 18, 2013 6:40am Jan 18, 2013 6:40am
Quoting vqtrader
I have a few minutes before work so I threw a 1-min chart to view. The orderflow is down and based off the ratios I am looking at either a overall ABCD if it breaks the low or a BAT pattern. On the main swing it hit 38-50% which made me diregard the garley for overall movement. After watching it reversed and hit 61.8% which suggest ABCD, Butterfly, garley on green ratio. How I will play it. if it hits the PRZ area and complete I will short if it breaks the low I will play the ABCD down. any takers on what you see at the moment
There is no pattern there maybe ans ABCD per the 618. you completely disregarded the swing that retested the low. I'm getting back to trading just didn't want you to take a trade on a pattern that does not exist.
If you fail to plan, you plan to fail.
  • #1,655
  • Jan 18, 2013 6:43am Jan 18, 2013 6:43am
An aggressive C I took yesterday AUDUSD 15M up 40 PIPs right now
Attached Image (click to enlarge)
Click to Enlarge Name: $AUDUSD (15 Min) 1_18_2013.jpg Size: 86 KB
If you fail to plan, you plan to fail.
  • #1,656
  • Jan 18, 2013 6:45am Jan 18, 2013 6:45am
Quoting kyurem
stopped out for 1 pip


Re enter on price action, double bottom, scaling in between 94.20 and 94.26, targetting 94.55 and sl at 94.15.....
Patience finally rewarded !
Attached Image (click to enlarge)
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  • #1,657
  • Jan 18, 2013 7:01am Jan 18, 2013 7:01am
Here is how it went down. It ended up reversing pretty quick around the PRZ area so I got in. My decision was also based on confluence. My only concern was our BE point was my entry point which to me wasn't good price. It left my risk 1:1 when you factor in 10 cushion from PRZ area. I decided to move to BE quickly after the break of the 50% area and cover risk. I ended up with 26+pips out the deal. Okay its chop time tell me how any of you would have handled it differently anything you saw. I screen shot a 5min to give you folks a better visual. Shit late for work Gotta go
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Empower Your Mind
  • #1,658
  • Jan 18, 2013 7:14am Jan 18, 2013 7:14am
Quoting kyurem
stopped out , waiting for the crab+ABCD
the crab i was waiting for....
long @ 1.5916, SL 1.5908, TP 1.5950
Attached Image (click to enlarge)
Click to Enlarge Name: crab_gbpusd_5min_20130118.jpg Size: 119 KB
  • #1,659
  • Jan 18, 2013 7:37am Jan 18, 2013 7:37am
Quoting Mr. Pip
An aggressive C I took yesterday AUDUSD 15M up 40 PIPs right now
Hello Mr Pip, nice trade but how do you decide your entry point ( at which candle close)? i really like your strategies but i'm not sure about choosing the right candle for any trade entry.

thank you
  • #1,660
  • Jan 18, 2013 7:40am Jan 18, 2013 7:40am
Quoting vqtrader
Here is how it went down. It ended up reversing pretty quick around the PRZ area so I got in. My decision was also based on confluence. My only concern was our BE point was my entry point which to me wasn't good price. It left my risk 1:1 when you factor in 10 cushion from PRZ area. I decided to move to BE quickly after the break of the 50% area and cover risk. I ended up with 26+pips out the deal. Okay its chop time tell me how any of you would have handled it differently anything you saw. I screen shot a 5min to give you folks a better...
Nice job almost what I have
Attached Image (click to enlarge)
Click to Enlarge Name: $EURJPY (5 Min) 1_18_2013.jpg Size: 78 KB
If you fail to plan, you plan to fail.
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