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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

  • #1,901
  • Jan 22, 2013 6:25pm Jan 22, 2013 6:25pm
Quoting Mr. Pip
Good to see you are getting there Finally go my Ninja up and going again lost everything lots of work some of the colors are still not right but it will go I jumped in on your favorite pair PRZ take a look.
Excellent! I can see the convergence. There seems to be alot of resistance it has to pierce to reach your target though. That would probably concern me, but hey your at break even. I guess the target was based on the 61.8% line of the large impulse.
  • #1,902
  • Jan 22, 2013 6:30pm Jan 22, 2013 6:30pm
So it was against orderflow so you updated stop to be soon and are taking profit at the 61.8 line instead of at the completion of the ab = cd.
  • #1,903
  • Jan 22, 2013 6:35pm Jan 22, 2013 6:35pm
Trade progression
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPJPY (1 Min) 1_22_2013.jpg Size: 94 KB
If you fail to plan, you plan to fail.
  • #1,904
  • Jan 22, 2013 6:37pm Jan 22, 2013 6:37pm
Quoting Starry
Excellent! I can see the convergence. There seems to be alot of resistance it has to pierce to reach your target though. That would probably concern me, but hey your at break even. I guess the target was based on the 61.8% line of the large impulse.

If you fail to plan, you plan to fail.
  • #1,905
  • Jan 22, 2013 6:40pm Jan 22, 2013 6:40pm
Quoting Starry
So it was against orderflow so you updated stop to be soon and are taking profit at the 61.8 line instead of at the completion of the ab = cd.
I entered at D PRZ yes against order flow one ABCD and one AB=CD target 61 of ABCD. At BE so no worrieslets see whats whappens. Trade the rule be patient. On pairs like this that have more volatility you have yo give them more beathing room.
If you fail to plan, you plan to fail.
  • #1,906
  • Jan 22, 2013 6:56pm Jan 22, 2013 6:56pm
Price is having difficulty staying above the confluence of the 61of the current main swing and the 38% of the pattern fib. Order flow is trying to hold. Short term order flow is up and hopefully we get to target the bulls are in for a fight.
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPJPY (1 Min) 1_22_2013.jpg Size: 105 KB
If you fail to plan, you plan to fail.
  • #1,907
  • Jan 22, 2013 7:15pm Jan 22, 2013 7:15pm
Howdy Mr Pip,

If you have time can you please have a look of my EURJPY 15 min chart to see if I have drawn it correctly?

Many thanks if you can

cheers
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy 5min.gif Size: 48 KB
  • #1,908
  • Jan 22, 2013 7:18pm Jan 22, 2013 7:18pm
Well traders you just saw a live trade from me from entry to profit took 54 pips. I hope you were able to follow the trade from my posts.
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPJPY (1 Min) 1_22_2013.jpg Size: 100 KB
If you fail to plan, you plan to fail.
  • #1,909
  • Jan 22, 2013 7:25pm Jan 22, 2013 7:25pm
Can you see how beautiful the PRZ works when properly identified you just saw two live ones. I do not trade during thins time and wantewd to take the trade for you to see how and where I enter in a PRZ. I would have taken the reversal as it's with order flow. But I'm done for tonight I'll just hang out and chat with you all.
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPJPY (1 Min) 1_22_2013.jpg Size: 109 KB
If you fail to plan, you plan to fail.
  • #1,910
  • Jan 22, 2013 7:31pm Jan 22, 2013 7:31pm
Quoting ymmit
Howdy Mr Pip,

If you have time can you please have a look of my EURJPY 15 min chart to see if I have drawn it correctly?

Many thanks if you can

cheers
It's ugly but there is a potential Gartley trying to work it self out. The bulls are fighting it hard though.
Attached Image (click to enlarge)
Click to Enlarge Name: $EURJPY (15 Min) 1_22_2013.jpg Size: 93 KB
If you fail to plan, you plan to fail.
  • #1,911
  • Jan 22, 2013 7:33pm Jan 22, 2013 7:33pm
Quoting Mr. Pip
Can you see how beautiful the PRZ works when properly identified you just saw two live ones. I do not trade during thins time and wantewd to take the trade for you to see how and where I enter in a PRZ. I would have taken the reversal as it's with order flow. But I'm done for tonight I'll just hang out and chat with you all.
very encouraging, good job!
  • #1,912
  • Jan 22, 2013 7:37pm Jan 22, 2013 7:37pm
Will it complete another ABCD????
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPJPY (1 Min) 1_22_2013.jpg Size: 94 KB
If you fail to plan, you plan to fail.
  • #1,913
  • Jan 22, 2013 7:48pm Jan 22, 2013 7:48pm
Can you guys see how I was able to identify an ABCD converge with a smaller AB=CD into a PRZ that had lots of confluence. I identified the PRZ took the trade then followed a AB=CD into the profit target took the 54 pips then price immediatley respecting the harmonics and ratios reversed where the PRZ was drawn and price hit the 38 so if traded it would be at BE and is trying to complete another ABCD. All on a 1M chart.

Was there any of what traders call noise evident here? This is why I do not believe in noise. It's price action relevent to the timeframe. We were able to follow price with extreme accuracy to and from PRZ identified by ratios and harmonics alone.

I wanted you to see this so you can practice, practice, practice you are closer then you think.
If you fail to plan, you plan to fail.
  • #1,914
  • Jan 22, 2013 7:58pm Jan 22, 2013 7:58pm
Mr Pip,

have been lurking, have watched in real time excellent trading!!



Cheers,


Eamonn
  • #1,915
  • Jan 22, 2013 7:59pm Jan 22, 2013 7:59pm
Quoting Mr. Pip
Can you guys see how I was able to identify an ABCD converge with a smaller AB=CD into a PRZ that had lots of confluence. I identified the PRZ took the trade then followed a AB=CD into the profit target took the 54 pips then price immediatley respecting the harmonics and ratios reversed where the PRZ was drawn and price hit the 38 so if traded it would be at BE and is trying to complete another ABCD. All on a 1M chart.

Was there any of what traders call noise evident here? This is why I do not believe in noise. It's price action relevent to the...
definitely, i hope im close. ive analyzed my trades today and i do believe tomorrow will be better, i defined przs using non main or dominant swings, so ill need some practice to fix that.
  • #1,916
  • Jan 22, 2013 8:00pm Jan 22, 2013 8:00pm
Quoting Mr. Pip
Can you guys see how I was able to identify an ABCD converge with a smaller AB=CD into a PRZ that had lots of confluence. I identified the PRZ took the trade then followed a AB=CD into the profit target took the 54 pips then price immediatley respecting the harmonics and ratios reversed where the PRZ was drawn and price hit the 38 so if traded it would be at BE and is trying to complete another ABCD. All on a 1M chart.

Was there any of what traders call noise evident here? This is why I do not believe in noise. It's price action relevent to...


  • #1,917
  • Jan 22, 2013 8:01pm Jan 22, 2013 8:01pm
Quoting Eamonn
Mr Pip,

have been lurking, have watched in real time excellent trading!!



Cheers,


Eamonn
Thanks Eamonn, Just trading the facts and building a case.
If you fail to plan, you plan to fail.
  • #1,918
  • Jan 22, 2013 8:04pm Jan 22, 2013 8:04pm
Quoting Starry
definitely, i hope im close. ive analyzed my trades today and i do believe tomorrow will be better, i defined przs using non main or dominant swings, so ill need some practice to fix that.
Using the main and dominant swings will make all the difference in your tradig. Fix that and you results will turn for the better promise!
If you fail to plan, you plan to fail.
  • #1,919
  • Jan 22, 2013 8:14pm Jan 22, 2013 8:14pm
Okay Traders price completed the ABCD pattern and that trade which I did not take would have given 38 pips. But I did take the PRZ as there was enough confluence for me to enter.
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPJPY (1 Min) 1_22_2013.jpg Size: 101 KB
If you fail to plan, you plan to fail.
  • #1,920
  • Jan 22, 2013 8:16pm Jan 22, 2013 8:16pm
Here is an update waiting to a BE trade
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPJPY (1 Min) 1_22_2013.jpg Size: 107 KB
If you fail to plan, you plan to fail.
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