Hello Mr. Pip, I have just sent you private message, waiting for your response.
thanks, Ali
thanks, Ali
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DislikedIm not sure if i defined this prz correctly. Should i have used one of the leftmost dots for the main swing?
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DislikedGood idea! i guess we could do this by
(a) identifying a large harmonic structure that hasn't completed.
(b) identify possible turning points in the large harmonic structure (what if harmonic structure doesnt complete?)
(c) Trade in the direction of the large harmonic structure, using smaller harmonics.
If the large harmonic structure doesnīt complete you donīt have a Setup.. yet.
If you want several Triggers, ( I use Minimum 5), with harmonics you will have to go to even smaller TF, also it will take a lot of work...I...Ignored
DislikedThe fib extension you're using in this chart is incorrect. Unless I'm reading your chart wrong, You're using a low that is prior to the high you're using as your XA leg. In other words B cannot come before A.
Please label your ABCD"S.
It seams to me that which low you use for X will change what pattern you're looking at as it changes the retracement of the B leg, which will change where your PRZ will be.
The fib extension should be of the AB leg.
I think you know all that already.
So is your question "which X to use?" There's to many X choices...Ignored
DislikedHello Starry,
I am following your thoughts and the comments by Bary as well as Mr Pip. Learning a lot from you. My charts are the 100 tick with my broker and metatrader. My problem is that I can never really tell which anchor leg to take the patterns from. In your last post is this still your 100 tick chart? I hope you don't mind helping me.
cheers
YmmitIgnored
DislikedGood ideal, i will label the abcds. I was trying to do something like mr pip in this picture. Theres a big main swing up, and its possible that a new dominant will form to the downside, if it breaks the 38.2% fib retracement, if it does, i was trying to pinpoint where the prz would be, using the method mr pip used below. But yeah, im not sure how i would trade this, it looks like its sluggish right now.
your prz looks like it contains my previous 2. howd you get such a large prz? I guess you include the 127 - 161 zone?
http://www.forexfactory.com/attachment.php?attachmentid=1117405&d=1358302260
post...Ignored
DislikedThank you Mr. Pip, basically, this question was from your video covering the AUD/USD ABCD trade. The below post:
http://www.youtube.com/watch?v=aMupwIOLRgk&feature=player_embedded (around 13:03 into your video) - you say it is an ABCD and not AB=CD
Post# 541 Jan 3, 2013 5:09pm (18 hr ago)
We trade what we see so news is not an issue. Taking aggressive entries at point C is fine but should be in tune with order flow. Also, take the time to step back from the pattern to see if other harmonic elements confirm your analysis...Ignored
DislikedHello Mr. Pip,
In your ABCD ROE:
Contrasting this with the Gartley ROE:
Why when dealing with a Gartley do you not favour trailing the stop to structure (like with ABCD)?Ignored
DislikedI don't think he was drawing a PRZ. It was an area of confluence and support. I can't make out what levels he used for the Fib extensions shown on his chart.
If you use the A and B on your chart then a PRZ would be up beyond B.
It doesn't make sense to use X3(on my chart) as an anchor for fib ext.Ignored
DislikedMr pip,
What happens when you get stopped out @ break even and then when you get stopped out it triggers another aggressive buy (second abc in this example)? I know you entered later on this example, so you wouldn't have gotten stopped out if you followed your rules.
Have you found that when you enter an aggressive buy you get stopped out only for it to continue in your direction (like the first abc in this example).
edit: i guess the first one isnt a dominant/main swing though.
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DislikedIf the condition are the same that got you into the trade to begin with you may choose to re enter after all your reasons for entry are the same.Ignored
DislikedHi all
Been a Lurker to this thread. I am a position trader and want to add Harmonics to my tool box. I will not entertain negative ?'s . Mr Pip this is the picture I see Long term for eur usd . I have allowed variances because of the TF please let me Know if I am on the Right Track.
Thank You For Your TimeIgnored
DislikedHello, I do see a turn to the down side some where in the area on my chart. I do not see a butterfly as point B had a correction past the 88.6 which is too beep. Order flow is down and this deep correction is confirming bearish strength. Perhaps we will see an AB=CD price could reverse right where it is at the is enough confluence to hold price even stop price.Ignored