Ratios & Harmonics: a Different Way to Trade | Page 108 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

"Ratios & Harmonics: a Different Way to Trade." Summary 37 replies

Learning to trade with harmonics 11 replies

Time for Change - Pivots & Harmonics to freedom 67 replies

180 reasons to trade Harmonics and Patterns 13 replies

Group Trading based on Elliott wave and Harmonics 0 replies

Attachments: Ratios & Harmonics: a Different Way to Trade
Exit Attachments

Ratios & Harmonics: a Different Way to Trade

  • #2,141
  • Jan 25, 2013 11:21am Jan 25, 2013 11:21am
Quoting Mr. Pip
These are the swings I considered and the ext of those.
k thanks.
  • #2,142
  • Jan 25, 2013 12:11pm Jan 25, 2013 12:11pm
successful harmonics is much harder than i thought, because even just choosing main and dominant there are so many przs too choose from, if not defined carefully .
  • #2,143
  • Jan 25, 2013 12:12pm Jan 25, 2013 12:12pm
Had time to look around the charts before the market closed and ran across a potential Bullish Bat. Are my eyes on target? Have a good weekend everyone.
Attached Image (click to enlarge)
Click to Enlarge Name: AU44.png Size: 15 KB
Empower Your Mind
  • #2,144
  • Jan 25, 2013 12:15pm Jan 25, 2013 12:15pm
Quoting Starry
successful harmonics is much harder than i thought, because even just choosing main and dominant there are so many przs too choose from, if not defined carefully .
For example, this is a short i traded. I was like, small harmonics leading into the 50% retracement, perfect!. but no, it had to pierce through it. What did i do wrong here? i ignored the large impulse before, which would've pierced my prz?

And i didn't take the 61.8 aggressive C for some reason.

Attached Image (click to enlarge)
Click to Enlarge Name: prz_traded.jpg Size: 142 KB
  • #2,145
  • Jan 25, 2013 2:12pm Jan 25, 2013 2:12pm
Quoting Starry
For example, this is a short i traded. I was like, small harmonics leading into the 50% retracement, perfect!. but no, it had to pierce through it. What did i do wrong here? i ignored the large impulse before, which would've pierced my prz?

And i didn't take the 61.8 aggressive C for some reason.

Attachment
IMHO the swings your drawing on are to small to consider. 1st = 14 pips, 2nd = 11, 3rd = 10.
It makes your TP and SL to small. My personnel requirement is at least 15 pips.
Also the 1st two closed below 78 so not valid.
I was trading the same chart and never even considered those swings.
Barry
  • #2,146
  • Jan 25, 2013 2:33pm Jan 25, 2013 2:33pm
Quoting Bary
IMHO the swings your drawing on are to small to consider. 1st = 14 pips, 2nd = 11, 3rd = 10.
It makes your TP and SL to small. My personnel requirement is at least 15 pips.
Also the 1st two closed below 78 so not valid.
I was trading the same chart and never even considered those swings.
Thanks, that makes sense, theyre too small. I guess i was trying to let smaller harmonicslead me into the retracements of the bigger swing, but i guess that wont work, though it is interesting that it sort of reacted. But why does closing below the 78 make it invalid (for confluence)? I must have missed that, for example in a bat, it goes to the 78.6 line.
  • #2,147
  • Jan 25, 2013 3:01pm Jan 25, 2013 3:01pm
Hi Mr.Pip

One more addition to your long and growing list of Admirers....Hope a layman as me will get to learn much around...Thanks for the thread...

Irfan
  • #2,148
  • Jan 25, 2013 3:20pm Jan 25, 2013 3:20pm
Quoting Mr. Pip
It is not suppose to close below the 78.6 this invalidates everything. Why do you use 76?
I am sorry, I meant 78.6.
  • #2,149
  • Jan 25, 2013 4:51pm Jan 25, 2013 4:51pm
Quoting Bary
IMHO the swings your drawing on are to small to consider. 1st = 14 pips, 2nd = 11, 3rd = 10.
It makes your TP and SL to small. My personnel requirement is at least 15 pips.
Also the 1st two closed below 78 so not valid.
I was trading the same chart and never even considered those swings.
Nice Job Barry, in addition to this you didn't take a step back to see if you missed anything. Take the time to find the main and dominant swing. It will simplify everything.
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD (1 Min) 1_25_2013.jpg Size: 83 KB
If you fail to plan, you plan to fail.
  • #2,150
  • Jan 25, 2013 4:53pm Jan 25, 2013 4:53pm
Quoting shirfan99
Hi Mr.Pip

One more addition to your long and growing list of Admirers....Hope a layman as me will get to learn much around...Thanks for the thread...

Irfan
Good to have you.
If you fail to plan, you plan to fail.
  • #2,151
  • Jan 25, 2013 4:55pm Jan 25, 2013 4:55pm
Quoting Starry
Thanks, that makes sense, theyre too small. I guess i was trying to let smaller harmonicslead me into the retracements of the bigger swing, but i guess that wont work, though it is interesting that it sort of reacted. But why does closing below the 78 make it invalid (for confluence)? I must have missed that, for example in a bat, it goes to the 78.6 line.
You're right about the confluence. I was just thinking of the ABCD would be invalid. Using the harmonic from the pattern is correct.
Barry
  • #2,152
  • Jan 25, 2013 5:03pm Jan 25, 2013 5:03pm
Quoting Mr. Pip
Nice Job Barry, in addition to this you didn't take a step back to see if you missed anything. Take the time to find the main and dominant swing. It will simplify everything.
makes sense. i will keep this in mind on monday
  • #2,153
  • Jan 25, 2013 6:02pm Jan 25, 2013 6:02pm
Quoting Bary
You're right about the confluence. I was just thinking of the ABCD would be invalid. Using the harmonic from the pattern is correct.
How are you doing with harmonics, if you dont mind me asking?
  • #2,154
  • Jan 25, 2013 7:40pm Jan 25, 2013 7:40pm
Hey guys, I know you are much more forward than I! Therefore, I needed your view!
EUR_USD 1 Day
Thanks!

I take this opportunity of thanking Mr. Pip, because I have done done several trades a day! Thing would not happen if not for what I have learned here!

Attached Image (click to enlarge)
Click to Enlarge Name: EUR_USD.jpg Size: 139 KB
  • #2,155
  • Jan 25, 2013 7:52pm Jan 25, 2013 7:52pm
Quoting Mr. Pip
I use the smooth ratio MM system I posted it is based not on %. This is a much superior formula which gives you the best of both worlds, maximum protection when needed and excellent growth.
thanks
  • #2,156
  • Jan 25, 2013 8:53pm Jan 25, 2013 8:53pm
Mr Pip ,
This AB=CD only just touches the 38.2, would you see this as a valid set up, Is it a trade you would consider, does the retracement level indicate more bearish strength and less likely to reverse, I like the confluence , the only thing I don't see is structure and question that if price action shows an entry at this PRZ where to put my stop?

Attached Image (click to enlarge)
Click to Enlarge Name: $EURJPY (5 Min) 26_01_2013.jpg Size: 112 KB
  • #2,157
  • Edited 9:24pm Jan 25, 2013 9:02pm | Edited 9:24pm
could be lower.... she just broke potential support and trying to break another support ( potential B ) again. could be seen clearly in your chart

better seeing a whole not one leg/partially only


time will tell

* no straight line ... just jump after clear rejection ( clear support/ resistant ) not based on ratio only......... or just wanna sl hunter only in PRZ
Quoting Damien1881
Mr Pip ,
This AB=CD only just touches the 38.2, would you see this as a valid set up, Is it a trade you would consider, does the retracement level indicate more bearish strength and less likely to reverse, I like the confluence , the only thing I don't see is structure and question that if price action shows an entry at this PRZ where to put my stop?

Attachment
Attached Image (click to enlarge)
Click to Enlarge Name: $EURJPY (5 Min) 26_01_2013.jpg Size: 123 KB
not euphoria follower
  • #2,158
  • Jan 25, 2013 9:39pm Jan 25, 2013 9:39pm
Quoting iqyu5an
could be lower.... she just broke potential support and trying to break another support ( potential B ) again. could be seen clearly in your chart

better seeing a whole not one leg/partially only


time will tell

* no straight line ... just jump after clear rejection ( clear support/ resistant ) not based on ratio only......... or just wanna sl hunter only in PRZ
Couldnt agree more
.
  • #2,159
  • Jan 25, 2013 9:49pm Jan 25, 2013 9:49pm
Quoting iqyu5an
could be lower.... she just broke potential support and trying to break another support ( potential B ) again. could be seen clearly in your chart

better seeing a whole not one leg/partially only


time will tell

* no straight line ... just jump after clear rejection ( clear support/ resistant ) not based on ratio only......... or just wanna sl hunter only in PRZ
Thanks Igyu5an,
I didn't even look at that but instead a potential reversal to continue the direction of the trend (going with longer term order flow).
  • #2,160
  • Jan 25, 2013 10:31pm Jan 25, 2013 10:31pm
Quoting Mr. Pip
http://www.youtube.com/watch?v=aMupwIOLRgk&feature=player_embedded#!
Hello Mr. Pip, pardon me if this is already covered. In this video, at about 13:07, you say it is a ABCD pattern. How can it be one when price went all the way up above A before it crossed B in it's retracement? It bounced off below 76.8, came down and again went all the way up before crossing the B. So technically, it closed above 76.8 on it's retracement. Thank you.
5 traders viewing now