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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

  • #1,841
  • Jan 21, 2013 10:22pm Jan 21, 2013 10:22pm
Mr Pip, with an aggressive C sell do you move to BE at 38.2 and TP 61.8 of B to C . Having thoughts of an extended target at a possible D around the 127 ext, just closed in profit at 61.8 and as I write it's testing the 100% ?
Attached Image (click to enlarge)
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  • #1,842
  • Jan 21, 2013 10:32pm Jan 21, 2013 10:32pm
Quoting Ezzy
Hi Mr Pip

I am pleased to report that what you are teaching here is starting to sink in this empty head of mine.

I wanted to see if I am right in my analysis and trades that I have taken.

First screen is of an AB=CD. It took a while to eventuate to profit which is shown in the second screen.....and there were other patterns within such as other AB=CD patterns (also on the second screen).

In the second screen I have taken profit and given the confluence (2 AB=CD trades determining D at roughly the same point and some very clear support...
Awesome
If you fail to plan, you plan to fail.
  • #1,843
  • Jan 21, 2013 10:34pm Jan 21, 2013 10:34pm
Quoting FXorBust
Hi Mr Pip, I finally finished going through all the posts. After following 9er's topic for a while I was very happy to see you start up your own thread. With time as restricting as it is (wives and small kids have that effect don't they?) I will probably be a lot slower than most at learning your harmonics but I wanna make sure I get it right. So it'll be baby steps for me as I get the basics first; swing identification, etc. I'll worry about patterns later!
Again thank you for opening this thread and I hope it continues for a long time yet!...
Thanks and welcome!!!!
If you fail to plan, you plan to fail.
  • #1,844
  • Jan 21, 2013 10:35pm Jan 21, 2013 10:35pm
Quoting Damien1881
Mr Pip, with an aggressive C sell do you move to BE at 38.2 and TP 61.8 of B to C . Having thoughts of an extended target at a possible D around the 127 ext, just closed in profit at 61.8 and as I write it's testing the 100% ?Attachment
wow, it bounced right off the 127. nice ! magic
  • #1,845
  • Jan 21, 2013 10:38pm Jan 21, 2013 10:38pm
Quoting Damien1881
Mr Pip, with an aggressive C sell do you move to BE at 38.2 and TP 61.8 of B to C . Having thoughts of an extended target at a possible D around the 127 ext, just closed in profit at 61.8 and as I write it's testing the 100% ?Attachment
Yes stop is at 38 of BC and profit is at 127 or harmonic completion preference is up to you. I think until you become more familiar with point D completion take profit at the 127 and then set yourself up for the PRZ reversal.
If you fail to plan, you plan to fail.
  • #1,846
  • Jan 21, 2013 10:49pm Jan 21, 2013 10:49pm
I really like how even news shows harmonics.

Anyways possible reversal to 127.2 extension.

Attached Image (click to enlarge)
Click to Enlarge Name: 1_21_gbpjpy_new_prz.jpg Size: 122 KB


edit: woops i drew the offset leg wrong. it went off the screen and actually goes far below.
  • #1,847
  • Edited 3:16am Jan 22, 2013 1:35am | Edited 3:16am
Hello Mr Pip, i have one question but first thank you again for a great thread, i'm finding my confidence again in the market after starting to use your system and just made my first 10pips it could've been more but my nerves failed me, couldn't leave the trade running any longer, but hopefully soon i will overcome that.

At what point, if the price is concilidating between 61.8 and 78.6, would you determin if ( BC or CD) is going to be either a Gartley or carry on moving to an ABCD pattern?
  • #1,848
  • Jan 22, 2013 3:03am Jan 22, 2013 3:03am
Found a 'Potential' Gartley setting up that meets the rules with the D of an ABCD completing on the 78.6
Attached Image (click to enlarge)
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  • #1,849
  • Jan 22, 2013 3:17am Jan 22, 2013 3:17am
Quoting Damien1881
Found a 'Potential' Gartley setting up that meets the rules with the D of an ABCD completing on the 78.6Attachment
Sorry, pattern failed already.
  • #1,850
  • Jan 22, 2013 3:33am Jan 22, 2013 3:33am
Quoting Georji
Hello Mr Pip, i have one question but first thank you again for a great thread, i'm finding my confidence again in the market after starting to use your system and just made my first 10pips it could've been more but my nerves failed me, couldn't leave the trade running any longer, but hopefully soon i will overcome that.

At what point, if the price is concilidating between 61.8 and 78.6, would you determin if ( BC or CD) is going to be either a Gartley or carry on moving to an ABCD pattern?
Answered in video Post 1682. Remember there's ABCD within a gartley.
Barry
  • #1,851
  • Jan 22, 2013 4:06am Jan 22, 2013 4:06am
Harmonics rock four wins from four trades today.....awesome!
What you do is a reflection of you....what I do is a reflection of me.
  • #1,852
  • Edited 5:04am Jan 22, 2013 4:41am | Edited 5:04am
Quoting Bary
Answered in video Post 1682. Remember there's ABCD within a gartley.
So am i right to think that if price is consilidating in that zone, than it will be best to wait for a break in either way before taking a decision?
  • #1,853
  • Jan 22, 2013 5:24am Jan 22, 2013 5:24am
is the orderflow direction determined by the Main Swing of the time frame or by HTF trend?
  • #1,854
  • Jan 22, 2013 6:24am Jan 22, 2013 6:24am
Quoting Ezzy
Harmonics rock four wins from four trades today.....awesome!


  • #1,855
  • Jan 22, 2013 6:30am Jan 22, 2013 6:30am
Quoting Georji
So am i right to think that if price is consilidating in that zone, than it will be best to wait for a break in either way before taking a decision?
I would think that descion is the traders to make. What does you trade rules say?
Mr. Pip's ROE (rules of engagement) are to enter trade when price closes inside the zone (aggressive C trade). You can choose to wait and watch PA but that's up to you.
Order flow? Yes I would agree. Basically the main swing is the order flow. But we all need to learn how to read PA, which takes lots of screen time.
Barry
  • #1,856
  • Jan 22, 2013 6:33am Jan 22, 2013 6:33am
Quoting Ezzy
Harmonics rock four wins from four trades today.....awesome!
Great Job!!
Can you post chart with trades so others can learn and see how harmonics works so well.
Barry
  • #1,857
  • Jan 22, 2013 6:56am Jan 22, 2013 6:56am
Butterfly on EY
32 pips in 13 minutes

http://s2.postimage.org/djbgodxit/euryen.jpg (http://postimage.org/image/djbgodxit/)
  • #1,858
  • Jan 22, 2013 6:58am Jan 22, 2013 6:58am
Quoting Bary
I would think that descion is the traders to make. What does you trade rules say?
Mr. Pip's ROE (rules of engagement) are to enter trade when price closes inside the zone (aggressive C trade). You can choose to wait and watch PA but that's up to you.
Order flow? Yes I would agree. Basically the main swing is the order flow. But we all need to learn how to read PA, which takes lots of screen time.
Thanks Bary
  • #1,859
  • Jan 22, 2013 7:27am Jan 22, 2013 7:27am
Ok Here's a losing trade.
Entered a D buy with lots of confluence. Nice R:R.
They all are not winners. Go on to the next one.
Attached Image (click to enlarge)
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Barry
  • #1,860
  • Jan 22, 2013 8:01am Jan 22, 2013 8:01am
This Gartley think it should be valid

Attached Image (click to enlarge)
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