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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

  • #2,481
  • Jan 31, 2013 8:27am Jan 31, 2013 8:27am
Hi Mr.Pip

Just checking if this chart for eurusd 1 minute looks correct for a Gartley Pattern.

Thanks,
Marty
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It's not about how much you make, it's about how much you don't lose
  • #2,482
  • Jan 31, 2013 8:48am Jan 31, 2013 8:48am
Eur/Usd 3M 2 Gartley: The first one was right, while the second failed. The first one was in order flow, while the second not. Unfortunately I didn't take the first Gartley because price was rejected immediately, instead I took the second and market tooks my pips. Bad luck
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  • #2,483
  • Jan 31, 2013 8:54am Jan 31, 2013 8:54am
I will try to catch up on the thread today but have a very busy day head of me I just wanted to post my fib setting and colors for ninja since it has been asked. PLease find them attached. Also if you want to learn how to use ninja they have lots of tutorials on their main site and there is lots on you tube as well. talk to you soon.
Attached File(s)
File Type: docx Ninja Fib Settings.docx   195 KB | 1,330 downloads
If you fail to plan, you plan to fail.
  • #2,484
  • Jan 31, 2013 9:10am Jan 31, 2013 9:10am
Quoting harmoni
Hello Starry:

Thank you for reminding me about the compression/zoom factor on Ninjatrader. Can now see Fib extensions. Am very excited about Mr. Pips Ratios and Harmonics. Can't wait to catch up with you all. Thanks again and big thanks to Mr. Pip for an incredible thread.
youre welcome!
  • #2,485
  • Jan 31, 2013 9:37am Jan 31, 2013 9:37am
Hi Mr. Pip
Thanks for starting this informative thread. Their are few people in this world who share their substantial knowledge with others. And you are one of them. I just started reading this thread a few days ago. I am also a harmonic patterns follower with success. In realty, these harmonic patterns have high success rate. But it was a tiresome and confusing for me to correlate all the ratios of fibs with these patterns. I did a lot of research in last 4 years on elliot wave theory, dow theory, harmonic patterns, wolf wave, 123 and ross hook formation etc. and all these are linked with each other in some perspective. Support and resistance is the core in all these formations that ultimately molds the price into different forms. Among all the formations, in all above mentioned theories, W and M formations are very common. So these W and M are the heart of all the harmonic patterns. So if we correlate all above mentioned theories together with the W or M formations, keeping in mind support and resistance, we can oversimplify all these patterns without using fib ratios.
  • #2,486
  • Jan 31, 2013 9:39am Jan 31, 2013 9:39am
mr pip,
can you give an example of reading price action in a range like this? it was also similar to the second trade you performed yesterday (you traded a buy right as it broke out down from a range).

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  • #2,487
  • Jan 31, 2013 9:48am Jan 31, 2013 9:48am
Possible Gartley formation in U-J H1

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  • #2,488
  • Jan 31, 2013 9:53am Jan 31, 2013 9:53am
Quoting Mr. Pip
Okay Traders here is the PA video you all havbe been waiting for. I had to rush at the end due to time but at least you can see how I handle price action.


Give me your thoughts, comments, and questions. I will answer them all.


http://www.youtube.com/watch?feature=player_detailpage&v=9nMXyhMgj-A

love this video, makes it really clear. time to practice practice practice
  • #2,489
  • Jan 31, 2013 10:12am Jan 31, 2013 10:12am
Butterfly G-U

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  • #2,490
  • Edited 10:49am Jan 31, 2013 10:25am | Edited 10:49am
Quoting fiovit
Butterfly G-U

Attachment
Nice work, mine was 1.5855 based on supply zone.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #2,491
  • Jan 31, 2013 10:29am Jan 31, 2013 10:29am
Quoting liemo
Nice work on the video...!!!...Do you have any recommended reading material or videos so we can look into this topic more to see how you derived your PA analysis?
Not sure if you guys have posted this before as I do not follow this thread that closely even though Mr. Pip does a great job here.

I have more if interested.
Attached File(s)
File Type: pdf BS Trading.pdf   5.0 MB | 1,795 downloads
The world you desire can be won. It exists.. it is real.. it is possible..
  • #2,492
  • Jan 31, 2013 11:11am Jan 31, 2013 11:11am
Quoting Mr. Scott
Nice work, mine was 1.5855 based on supply zone.

Just as a disclaimer, I played two harmonic patterns that were posted here as I was waiting on them.

But they were small scalps against a big trend, so just to be clear, those are edge trades with small targets.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #2,493
  • Jan 31, 2013 11:40am Jan 31, 2013 11:40am
Quoting Mr. Scott
Not sure if you guys have posted this before as I do not follow this thread that closely even though Mr. Pip does a great job here.

I have more if interested.
Thank you Mr. Scott. I particulary am one of those who are not much familiar with the concepts of suply and demand.

Reading it right now, excellent!

Keep bringing them!
Best time to plant a tree was 20 years ago, second best is now
  • #2,494
  • Jan 31, 2013 11:53am Jan 31, 2013 11:53am
A complementary scenario of EURUSD on weekly chart shows target price PRZ 1.3838[ATTACH][ATTACH]
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[/ATTACH][/ATTACH]
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  • #2,495
  • Jan 31, 2013 11:54am Jan 31, 2013 11:54am
one more
Attached Image
  • #2,496
  • Jan 31, 2013 11:55am Jan 31, 2013 11:55am
Quoting drone
A complementary scenario of EURUSD on weekly chart shows target price PRZ 1.3838[ATTACH][ATTACH]Attachment [/ATTACH][/ATTACH]
Nice work, looking for pb's, but target is 1.36-70, then 1.385. Good work.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #2,497
  • Jan 31, 2013 12:42pm Jan 31, 2013 12:42pm
have a thick skin ...

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  • #2,498
  • Jan 31, 2013 12:55pm Jan 31, 2013 12:55pm
Quoting fiovit
have a thick skin ...

Attachment
Nice job, also complies with ending 5th wave on EWC.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #2,499
  • Jan 31, 2013 1:27pm Jan 31, 2013 1:27pm
Just want to know if this short is correct accordingly to Mr. Pip rules ??
Thanks in advance,
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Entry is a science, exit is an art.
  • #2,500
  • Jan 31, 2013 1:42pm Jan 31, 2013 1:42pm
Quoting 4xf
Just want to know if this short is correct accordingly to Mr. Pip rules ??
Thanks in advance,
Nice Gartley you've got there 4xf. Also, I see a another harmonic move in the CD leg into your confluent zone. Hope this helps..
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