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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

  • #2,421
  • Jan 30, 2013 8:51am Jan 30, 2013 8:51am
Quoting Jhfx
Thank you Mr.pips for all of your dedication toward this thread.

i took an agressive C trade for NZDUSD 1 HR ( I only trade 1 hr)

but got sl hit. is it the right way of trading? or did I measure the wrong main trend?
(square is where i entered, and blue line is where SL was. )

Thank you once again.
Jhfx
Hello, Structure was your adversary, when it needs to be your ally. The ratios and the zone was correct but remember what I always say "Take a step back and see if you missed anything". You traded right into a demand zone. I hear that you trade the 1H only but it doesn't hurt to drop down to a lower timeframe once price is approaching a level you want to trade to zero in on the best entry but also get some detailed clues on if you should pass on the entry or confirm a better one. My chart explains. The first chart is the 1H and what is visible and the second is a 5M and what is visible that was not on the 1H. Enjoy the charts study them and post your questions.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: $NZDUSD (60 Min) 1_30_2013.jpg Size: 116 KB
Click to Enlarge Name: $NZDUSD (5 Min) 1_30_2013.jpg Size: 150 KB
If you fail to plan, you plan to fail.
  • #2,422
  • Jan 30, 2013 9:05am Jan 30, 2013 9:05am
Below is what my trading timeframe look like on a 15M chart and below is the 233T and my trades 5 for 76 pips.

I'm done for the day will work on the Price action now for you all. This is why I love the smaller timeframes.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: $EURUSD (15 Min) 1_30_2013.jpg Size: 59 KB
Click to Enlarge Name: $EURUSD (233 Tick) 1_30_2013.jpg Size: 130 KB
If you fail to plan, you plan to fail.
  • #2,423
  • Jan 30, 2013 9:10am Jan 30, 2013 9:10am
Quoting Bary
I've seen that many times, where there's a larger swing to the left. What happens is your SL is in the middle of the larger swing C entry. I'm learning to wait for the aggressive C entry of the larger swing.
Also your SL is supposed to be 10 pips above A. It didn't hit that yet.
If you fail to plan, you plan to fail.
  • #2,424
  • Jan 30, 2013 9:13am Jan 30, 2013 9:13am
Quoting Starry
I dont think you did anything wrong, besides putting stop at wrong place. I dont know how my pip would handle this, but if you want tighter stops, you should look for confluence other than a simple 61.8. See chart.

Why did i utilize the last swing down? Because, according to the theory of harmonics, impulses are related by the fib ratios, and if you have a large swing right to the left, you should use that as a factor in confluence, since its really near current price action. If you did this prz, and then the 61.8 of the smaller swing, you would...
Excellent!!
If you fail to plan, you plan to fail.
  • #2,425
  • Jan 30, 2013 9:15am Jan 30, 2013 9:15am
Quoting Mr. Pip
Below is what my trading timeframe look like on a 15M chart and below is the 233T and my trades 5 for 76 pips.

I'm done for the day will work on the Price action now for you all. This is why I love the smaller timeframes.
i miss so much i will examine your chart, hey its only second week getting better.
  • #2,426
  • Jan 30, 2013 9:17am Jan 30, 2013 9:17am
Quoting Jhfx
thank you for the answer.

this is a hard system for me...i start my demo with $100 and got 140 and back to 75, and back to 100... 70~140 this is my range of an account...funnny
better work harder to break that 140! and not break 70...

thank you!
Put the $$$$ in the back of your mind or your emotions will kill you. Focus on the rules and things will turn around. You are right this system takes some getting use to and this business is hard work sometime I think we love punishment. Hang in there and study, execute, study your trade good or bad and study some more and execute.
If you fail to plan, you plan to fail.
  • #2,427
  • Jan 30, 2013 9:21am Jan 30, 2013 9:21am
Quoting rimallz
Mr. Pip Thank you very much indeed for your guidance and mentoring the beginners like me into world of harmonics. I have read many books and
attended many threads regading harmonic trading method, but exact ratios been always buzzeling for me. Until I come to your class and found to
exactly the right approach to harmonics. I know and I hope that the other remembers know too, that attending a harmonic class and mentoring cost more than $2000. I really appreciate your nobility and generosity and god bless you and your love ones.
I have made a simple...
Thank you and excellent work.
If you fail to plan, you plan to fail.
  • #2,428
  • Jan 30, 2013 9:24am Jan 30, 2013 9:24am
a pretty butterfly on eurusd m5.

edit: moved butterfly to breakeven, free trade!

Attached Image (click to enlarge)
Click to Enlarge Name: pretty_butterfly.jpg Size: 240 KB
  • #2,429
  • Jan 30, 2013 9:25am Jan 30, 2013 9:25am
Quoting cuchuflito
No, it was a smaller harmonics pattern within that climb...(can´t upload the chart)...it actually hit the target...
Actually it´s awsome , cause within that climb, almost every little swing in the 30 sec. chart was some harmonic and fibo relationship...that helped trailing my stop..
It reafirms the good old "chaos theory", of everything being a fractal, within a fractal, within a....and these fractals are all interrelarted in fibos...not only in trading but everywhere...
Steve Copan from Matrix theory (don´t recomend it, very delicate), could...
If you fail to plan, you plan to fail.
  • #2,430
  • Jan 30, 2013 9:29am Jan 30, 2013 9:29am
Quoting cuchuflito
No, it was a smaller harmonics pattern within that climb...(can´t upload the chart)...it actually hit the target...
Actually it´s awsome , cause within that climb, almost every little swing in the 30 sec. chart was some harmonic and fibo relationship...that helped trailing my stop..
It reafirms the good old "chaos theory", of everything being a fractal, within a fractal, within a....and these fractals are all interrelarted in fibos...not only in trading but everywhere...
Steve Copan from Matrix theory (don´t recomend it, very delicate), could...
What do you use for time measurements? the matrix theory, probly not?
  • #2,431
  • Jan 30, 2013 9:34am Jan 30, 2013 9:34am
Quoting Mr. Pip
Below is what my trading timeframe look like on a 15M chart and below is the 233T and my trades 5 for 76 pips.

I'm done for the day will work on the Price action now for you all. This is why I love the smaller timeframes.
And this is why I need to look at Tick charts soon.
  • #2,432
  • Jan 30, 2013 9:37am Jan 30, 2013 9:37am
Quoting Mr. Pip
Hello, Structure was your adversary, when it needs to be your ally. The ratios and the zone was correct but remember what I always say "Take a step back and see if you missed anything". You traded right into a demand zone. I hear that you trade the 1H only but it doesn't hurt to drop down to a lower timeframe once price is approaching a level you want to trade to zero in on the best entry but also get some detailed clues on if you should pass on the entry or confirm a better one. My chart explains. The first chart is the 1H and what is visible...
You make it look so easy.
  • #2,433
  • Jan 30, 2013 9:41am Jan 30, 2013 9:41am
Mr pip.

can you please do a video talking about your 5 trades for today, the 5 shown at the previous page. thank you

ps. what broker do you use?
  • #2,434
  • Jan 30, 2013 9:43am Jan 30, 2013 9:43am
[b]
Quote
Hope you don't mind some more questions. I'm not disagreeing with what you
are saying but am in the hope to clarify the rules as I'm here to learn to one
day (fingers crossed) be able to replicate your trading style on my own. The
part I'm trying to get my head around is determining the main swing as my
understanding is that there must be a 38% retracement (dominant swing) prior to
the swing being established. In your previous post (#727), you mention that the
must be a 38% retracement be a new swing (main swing) can be create? Is this...


The swing markey X on the chart barely corrected after that we had a clear swing high and low with a deep correction which establishes the main and dominant swing. There is no expection we have you listen to price and measure swings that price respects.




Quote
I agree with you that where I had my point C is a valid aggressive C sell
opportunity. My question is since after point C has formed we are moving towards
completing an ABCD buy pattern, why didn't you draw your fib from B to A and
trade on the 127.2 extension of the BA leg? Instead you drew a fib from the
previous swing low to C and used this swing to determine your extensions and
prz?


There was a complex corrective process not completing the original ABCD and newer swings suggested another AB=CD and that correction was below the 50% pivot confirming bearish strength and a very high probability that price would extend past your orgininal ABCD.




Quote

How are you determining the prz on your Gartley pattern setup? Is it
determined from fib extensions 138-161.8 of AB?

[/quote]Look at the video I posted on the Gartley pattern. That is how I determin the PRZ.
If you fail to plan, you plan to fail.
  • #2,435
  • Jan 30, 2013 9:49am Jan 30, 2013 9:49am
Quoting Mr. Pip
Below is what my trading timeframe look like on a 15M chart and below is the 233T and my trades 5 for 76 pips.

I'm done for the day will work on the Price action now for you all. This is why I love the smaller timeframes.
Great post - very useful for those of us trying to learn.

I have a couple of questions:
1. What made you choose the low at circa 05:06:05 for your main swing rather than the previous low just visible on your chart at 04:36:37? Or indeed the low around 03:44 (not visible on your chart)
2. What triggered your 4th trade (short at approx 78.6%)

Many thanks
  • #2,436
  • Jan 30, 2013 9:50am Jan 30, 2013 9:50am
Quoting Starry
i miss so much i will examine your chart, hey its only second week getting better.
You are I see it.
If you fail to plan, you plan to fail.
  • #2,437
  • Jan 30, 2013 9:53am Jan 30, 2013 9:53am
Quoting jb19
Mr pip.

can you please do a video talking about your 5 trades for today, the 5 shown at the previous page. thank you

ps. what broker do you use?
I use FXCM I will make one tomorrow of the session I want to do the price action I've been telling you all about just trying to catch up right now.
If you fail to plan, you plan to fail.
  • #2,438
  • Jan 30, 2013 9:54am Jan 30, 2013 9:54am
Quoting Mr. Pip


The swing markey X on the chart barely corrected after that we had a clear swing high and low with a deep correction which establishes the main and dominant swing. There is no expection we have you listen to price and measure swings that price respects.






There was a complex corrective process not completing the original ABCD and newer swings suggested another AB=CD and that correction was below the 50% pivot confirming bearish strength and a very high probability that price would extend past your orgininal ABCD. ...
Look at the video I posted on the Gartley pattern. That is how I determin the PRZ.[/quote]

Thank you kind sir. Digesting what you said and will definitely watch the vid again( tomz or is it today). 3AM here from down under, better hit the sack. Adios amigos.!!..
  • #2,439
  • Jan 30, 2013 9:57am Jan 30, 2013 9:57am
Quoting 4xf
Hello Cuchuflito, AUDUSD last trades with target 2 at 0,886
Cool bro...let it ripp!!!!
0,886 can be like surfing Hawai.
  • #2,440
  • Jan 30, 2013 10:08am Jan 30, 2013 10:08am
Quoting Starry
What do you use for time measurements? the matrix theory, probly not?
The software, most trading software´s, platforms, have time fibos...I´m sure Ninja has them too...
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