Ratios & Harmonics: a Different Way to Trade | Page 115 | 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

  • #2,281
  • Jan 28, 2013 9:07am Jan 28, 2013 9:07am
Quoting itinerant
I appreciate that:

  1. We haven't covered butterflies in this thread yet; and
  2. Mr. Pip uses slightly different ratios for his formation (even though other formations could be perfectly valid in other systems)

but does that fail the 'Mr. Pip' butterfly formation? The BC leg seems too long...

if I'm not mistaken they also posted in the thread butterfly patterns, the BC leg has not closed below 78.6, I only post Gartley?
  • #2,282
  • Jan 28, 2013 9:09am Jan 28, 2013 9:09am
Quoting NuNix
I agree with the bold red sentence, that's the way i trade, and you know the result buddy
I'm glad that works for you and your results are what you want them to be.
If you fail to plan, you plan to fail.
  • #2,283
  • Jan 28, 2013 9:19am Jan 28, 2013 9:19am
Quoting iqyu5an
no problem...
Hello traders debates will occur from time to time and differences of opinions as well. I consider our friend Iqyu5an a good and passionate trader and his opinion is always welcomed. He has his way of looking at the market and I have mine they both work well and there is always value in different points of view.

We are not here to step on eachother's toes or cause confusion.
If you fail to plan, you plan to fail.
  • #2,284
  • Jan 28, 2013 9:21am Jan 28, 2013 9:21am
Quoting shirfan99
Hi

Can you plz mail me the ZUP link to my mail id shirfan99 gmail...thx...

Irfan
Learn what you are trading indicators do not work.
If you fail to plan, you plan to fail.
  • #2,285
  • Jan 28, 2013 9:25am Jan 28, 2013 9:25am
up, go up! i command you! unfortunately got in at the 127 extension, and didn't see those overlapping fib retracements confluence.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_up.jpg Size: 157 KB
  • #2,286
  • Jan 28, 2013 9:25am Jan 28, 2013 9:25am
Quoting shirfan99
Dear Mr.Pip

As I am learning slowly about the Harmonics and Fibs, I am posting here a Chart of USD-CAD for a possible Bearish Butterfly on a Daily Chart...I would like to have everyones feedback on this...Did I get it right...? Plz suggest...Is it wise to enter a Long at Current Levels or wait for it to reach the Completeion of Butterfly and then enter a Short...? Plese reply...I have posted a chart earlier too n waiting for the feedback...

Thanks

Irfan
I don't see your chart
If you fail to plan, you plan to fail.
  • #2,287
  • Jan 28, 2013 9:26am Jan 28, 2013 9:26am


Quoting Mr. Pip
Hello traders debates will occur from time to time and differences of opinions as well. I consider our friend Iqyu5an a good and passionate trader and his opinion is always welcomed. He has his way of looking at the market and I have mine they both work well and there is always value in different points of view.

We are not here to step on eachother's toes or cause confusion.
not euphoria follower
  • #2,288
  • Jan 28, 2013 9:27am Jan 28, 2013 9:27am
Quoting fiovit
butterfly...

Attachment
If you fail to plan, you plan to fail.
  • #2,289
  • Jan 28, 2013 9:36am Jan 28, 2013 9:36am
Quoting Mr. Pip
I'm confused on this one...
The Advance Pattern Reference Guide seems to show that a bearish butterfly's BC leg should retrace to 38.2 - 50.0 of AB.
But on this chart is seems to show a BC retracement right down to 88.6 of AB?
  • #2,290
  • Jan 28, 2013 9:36am Jan 28, 2013 9:36am
Quoting Starry
indicators dont show general areas of confluence and also dont show nested patterns which lead more strength to an area of confluence. you should learn it by eye.

its also much more satisfying
If you fail to plan, you plan to fail.
  • #2,291
  • Jan 28, 2013 9:39am Jan 28, 2013 9:39am
a bearish butterfly at the end of a long trend. a bad sign for my buy trade. oh well, still in, following rules.
  • #2,292
  • Jan 28, 2013 9:41am Jan 28, 2013 9:41am
Quoting jb19
todays first trade, it completed 2-3 min after i opened the platform, so a nice start to the day!
http://s14.postimage.org/lmbe5k7sh/EY1min.png (http://postimage.org/image/gawhkulpp/full/)
the red line is the 50% fib of the high at 122.90 to the low, and the blue is the 61,8% of the high at 122.60 these two converges with the 1.27 ab ext. and the 1.27 ext. of BC of the ABCD and some other harmonics, plus some nice structure.
If you fail to plan, you plan to fail.
  • #2,293
  • Jan 28, 2013 9:44am Jan 28, 2013 9:44am
Quoting Starry
a bearish butterfly at the end of a long trend. a bad sign for my buy trade. oh well, still in, following rules.
breakeven mwahaha! if only i got in lower. oh well. i will learn when i analyze lots of charts after the trades.
  • #2,294
  • Jan 28, 2013 9:44am Jan 28, 2013 9:44am
Quoting foxybunny
You might see clearer if you use a longer timeframe chart or a longer tick chart.

Try it out and see if there is a difference.
Agree untill you train your eyes to see the swings try stepping out some.
If you fail to plan, you plan to fail.
  • #2,295
  • Jan 28, 2013 9:44am Jan 28, 2013 9:44am
Quoting Mr. Pip
It looks like you are labeling swing highs and lows A, B, C, D, E this is not the way to identify patterns or harmonics. What you are doing is basically trading S/R which is also a safe and profitable way to trade if you have some price action experience. Look at my enty off of using your pair and timeframe from a harmonic point of view.

Mr. Pip, S/R - what does it stand for?
choose a job you love and you will never have to work a day in your life
  • #2,296
  • Jan 28, 2013 9:52am Jan 28, 2013 9:52am
Quoting Bary
If you look further back you could make a case for main swing down before the spike up.
wait, would that be a main or dominant swing down? it would be a dominant swing right , since the main contains the dominant

Attached Image (click to enlarge)
Click to Enlarge Name: main_dominant.jpg Size: 145 KB
  • #2,297
  • Jan 28, 2013 9:52am Jan 28, 2013 9:52am
Quoting ewgcorp
Mr. Pip, S/R - what does it stand for?
support resistance
  • #2,298
  • Jan 28, 2013 10:02am Jan 28, 2013 10:02am
Quoting Starry
I sincerely hope it will hit my prz go price!2.5 hours and no trade...

Attachment
You are looking too hard. Trades for the day study each one 4 trades 94 pips. Easy rules based no care for news, higher timeframes or any other junk.
Could have had more but the rules are good enough.
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD (233 Tick) 1_28_2013.jpg Size: 128 KB
If you fail to plan, you plan to fail.
  • #2,299
  • Jan 28, 2013 10:03am Jan 28, 2013 10:03am
Excellent, took profit for 16 pips.

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_take_profit.jpg Size: 144 KB
  • #2,300
  • Jan 28, 2013 10:04am Jan 28, 2013 10:04am
Quoting Mr. Pip
You are looking too hard. Trades for the day study each one 4 trades 94 pips. Easy rules based no care for news, higher timeframes or any other junk.
Could have had more but the rules are good enough.
ah, this is why i trade during this time, i get to look at your trades and see what i miss. thanks!
109 traders viewing now