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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

  • #2,101
  • Jan 25, 2013 7:27am Jan 25, 2013 7:27am
Quoting ewgcorp
i wondering if it is bearish gartley and stalling at .79 area. is it a building up pressure to break through on the upside?
I t hink it was just a larger formation i saw on the 100 tick timeframe, it tends to stall more for larger formations. its no longer a gartley though
  • #2,102
  • Jan 25, 2013 7:27am Jan 25, 2013 7:27am
Quoting Damien1881
CHFJPY h4 Gartley pattern ,
Attachment
pattern failed ,
  • #2,103
  • Jan 25, 2013 7:32am Jan 25, 2013 7:32am
Mr pip,
how do you know which harmonic length to use? if i use smaller harmonic lengths, it just blows right through them. i also missed that aggressive c buy cause i 'thought' it was going to go down. sigh... im guessing you took that ....


Attached Image (click to enlarge)
Click to Enlarge Name: 1_25_2012_eurusd_failure.jpg Size: 134 KB
  • #2,104
  • Jan 25, 2013 7:38am Jan 25, 2013 7:38am
Quoting Starry
GBPUSd gartley. But it looks like its stalling...



Attachment
maybe if you had of put your stop just above X (previous structure) instead of 161.8 you would still be in this trade?
  • #2,105
  • Jan 25, 2013 7:39am Jan 25, 2013 7:39am
Quoting Damien1881
maybe if you had of put your stop just above X (previous structure) instead of 161.8 you would still be in this trade?
yeah, i didnt follow rules.
  • #2,106
  • Jan 25, 2013 7:43am Jan 25, 2013 7:43am
Quoting Starry
yeah, i didnt follow rules.
im going to ignore gbpusd right now, im already losing enough on eurusd, master that. fortunately im treating my account like it was $10, so im only losing 6% of 10 praise oanda !
  • #2,107
  • Jan 25, 2013 7:48am Jan 25, 2013 7:48am
Found a Bat on Aussie 4 hr ,
Attached Image (click to enlarge)
Click to Enlarge Name: Bat.jpg Size: 100 KB
  • #2,108
  • Jan 25, 2013 8:06am Jan 25, 2013 8:06am
Quoting Ezzy
Post # 2014.
Thread moves very fast, hate going to sleep due to the catch up required when I wake up.
It was an agressive C buy opportunity of a smaller ABCD with major comfluence. Well done! Perhaps you didn't see this but hopefully now you will.
Attached Image (click to enlarge)
Click to Enlarge Name: $EURJPY (240 Min) 1_25_2013.jpg Size: 104 KB
If you fail to plan, you plan to fail.
  • #2,109
  • Jan 25, 2013 8:09am Jan 25, 2013 8:09am
Quoting Starry
thanks, appreciate it.
Here is the spreadsheet
Attached File(s)
File Type: xls DCASTFX_money_management_spreadsheet.xls   347 KB | 1,550 downloads
If you fail to plan, you plan to fail.
  • #2,110
  • Jan 25, 2013 8:16am Jan 25, 2013 8:16am
Quoting Damien1881
Just catching up on the thread and want to say that I'm definatley doing better than I was even a month ago. I've been trading patterns for some time and have been consistently profitable thanks to Jason Stapleton and Triplethreattrading.com , now 'Trade Empowered.com'. This is taking my trading to another level. For the first time in my trading career I'm actually getting some quality education that hasn't cost a cent. So thank you MR Pip and to everyone else that posts in this thread - your questions and comments are still helping others including...
Thanks Jason and Todd are good guys I know them. They have a good program. I have thought of maybe a commercial room. Because traders would more copy my trades then learn from them. I'm a very generous guy but it's not fair to the accounts I manage that pay me to trade thier account that I open up a live room for the world to copy my trades. I don't know would have to give it mucho thought.
If you fail to plan, you plan to fail.
  • #2,111
  • Jan 25, 2013 8:21am Jan 25, 2013 8:21am
Never been so excited. Its hailing here so closing early. Going home to look at charts. Be back in when I get home when I get home
Empower Your Mind
  • #2,112
  • Jan 25, 2013 8:25am Jan 25, 2013 8:25am
Quoting ewgcorp
Good day Mr. Pip,

my entries and exists are off. i lost some money. my weakness is the rules. hence, please be so kind to advise. i am on the 1H chart EUR/JPY. There is a channel and it seems to be following AB=CD rule. my question to you is it a rule that BC = DE?

on a final note since we seem to be at the end of E, what rule would we apply to asses if the market is in for a massive down turn or will the trend up continue?

thanking you for your kind time,
There seems to be some confusion because there is no E. Post a chart with your losing trade. Identify your entry, stop and profit targets. I'll see how I can help.
If you fail to plan, you plan to fail.
  • #2,113
  • Jan 25, 2013 8:26am Jan 25, 2013 8:26am
Quoting kyurem
hey guys,

took short on GBPJPY crab pattern.
Short 143.15 / SL 143.50 / TP1 142.6 , TP2 141.6

What do you think?
Looks like you bullied that pattern in there.
If you fail to plan, you plan to fail.
  • #2,114
  • Jan 25, 2013 8:27am Jan 25, 2013 8:27am
Quoting iqyu5an
harmonic drives news or news drives harmonic ? heehhehehhe
Good one! News respects harmonics and ratios.
If you fail to plan, you plan to fail.
  • #2,115
  • Jan 25, 2013 8:28am Jan 25, 2013 8:28am
EURUSD gapped down 6 pips, looks like it wanna drop.

Attached Image (click to enlarge)
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  • #2,116
  • Jan 25, 2013 8:33am Jan 25, 2013 8:33am
Quoting Damien1881
Found a Bat on Aussie 4 hr ,
Attachment
Damien1881,

To add confluence to this pattern there are two points to mention. On the daily it is near the bottom of a Lower Rising Trend Line, also you can see a doji forming (though the day isn't over yet, but whether these count as part of this thread I'm not certain, but it would give some creedence to the trade.

Also, about your previous trade, the yen is fundamentally very week atm so perhaps has a fundamental bearing.

Still love this thread, so Mr Pip, don't you be going anywhere...

redpip61
Attached Image (click to enlarge)
Click to Enlarge Name: AusUsd250113.JPG Size: 89 KB
  • #2,117
  • Jan 25, 2013 8:34am Jan 25, 2013 8:34am
Quoting Starry
GBPUSd gartley. But it looks like its stalling...



Attachment
Not a Gartley per my ROE
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPUSD (233 Tick) 1_25_2013.jpg Size: 108 KB
If you fail to plan, you plan to fail.
  • #2,118
  • Jan 25, 2013 8:42am Jan 25, 2013 8:42am
Quoting Damien1881
pattern failed ,
On my chart C failed with a close below the 78.6
If you fail to plan, you plan to fail.
  • #2,119
  • Jan 25, 2013 8:51am Jan 25, 2013 8:51am
Quoting Starry
Mr pip,
how do you know which harmonic length to use? if i use smaller harmonic lengths, it just blows right through them. i also missed that aggressive c buy cause i 'thought' it was going to go down. sigh... im guessing you took that ....


Attachment
I look for the confluence of the harmonics not just one. The smaller ones help guide you to the bigger ones. Trade what you see and try to forget what you think it's going to do. I only have one trade today for 33 waiting for this PRZ.
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD (233 Tick) 1_25_2013.jpg Size: 108 KB
If you fail to plan, you plan to fail.
  • #2,120
  • Jan 25, 2013 9:13am Jan 25, 2013 9:13am
Quoting Mr. Pip
I look for the confluence of the harmonics not just one. The smaller ones help guide you to the bigger ones. Trade what you see and try to forget what you think it's going to do. I only have one trade today for 33 waiting for this PRZ.
Hey, im waiting for that too. Do you ever find that you keep deleting potential PRZs? or, once a prz is defined, do you always keep it up on your chart?
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