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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

  • #2,521
  • Feb 1, 2013 7:59am Feb 1, 2013 7:59am
Did i do this right, did i take profit at the right 61.8 retracement (since it was against orderflow?)

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  • #2,522
  • Feb 1, 2013 8:01am Feb 1, 2013 8:01am
Quoting itinerant
Just around where you marked "swap supply zone" there is a gap and a tail close. This is a very good example of what Scott Carney talks about on Page 254 of the Harmonic Trader:
Didin't notice that gap, yeah i never knew eurusd gapped any time, i guess i do now, it did today also. tried to gap up twice but it slowed down. probably should've shorted.
  • #2,523
  • Feb 1, 2013 8:08am Feb 1, 2013 8:08am
Quoting Starry
Did anyone manage to get in on the trade at the location circled? Fortunately i barely didnt get stopped out

Attachment
Yes, I get in that trade too, unfortunately at level C of the AB=CD move, and I set SL at BE, which was triggered
  • #2,524
  • Feb 1, 2013 8:10am Feb 1, 2013 8:10am
Quoting Starry
Did i do this right, did i take profit at the right 61.8 retracement (since it was against orderflow?)

Attachment
wow i noticed that i only got 8 pips in that trade risking 10. should've waited it out, would've got 20 or so, i thought i had atleast gotten 10 pips.
  • #2,525
  • Feb 1, 2013 8:18am Feb 1, 2013 8:18am
Quoting dibo90
Yes, I get in that trade too, unfortunately at level C of the AB=CD move, and I set SL at BE, which was triggered
arg! i guess i was lucky, i didnt move to breakeven
  • #2,526
  • Feb 1, 2013 8:24am Feb 1, 2013 8:24am
Didnt want to loose my winning day, so decided not to take this trade. too bad

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  • #2,527
  • Feb 1, 2013 8:51am Feb 1, 2013 8:51am
3 Trades, 2 winniing 1 losing unfortunately didnt have good rr ratio, i could've if id waited on my winning trades though!

comments welcome! i want to improve

Trades
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PRZs
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  • #2,528
  • Feb 1, 2013 12:50pm Feb 1, 2013 12:50pm
Weekly chart on Eur/Usd
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Don't follow me! You can and most likely will LOSE all your money!!!!
  • #2,529
  • Feb 1, 2013 1:16pm Feb 1, 2013 1:16pm
Gbp/usd 4hr
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Don't follow me! You can and most likely will LOSE all your money!!!!
  • #2,530
  • Feb 1, 2013 1:36pm Feb 1, 2013 1:36pm
Quoting CNTrader
Gbp/usd 4hr
I like that chart. Wait and see what price action is at the market open on Sunday evening to see if price holds or blows through support. My only hesitation is that it is against order flow which could end up giving us a AB=CD pattern if I'm not mistaken.

Question: Has anyone organized Mr. Pips rules into a pdf or word doc yet? The reason I ask is that I am willing to compile his rules and sort through his comments to have a nicely packaged trading plan. Let me know whether there is one and if there isn't, should I attempt to do that? For me, there must be a written plan before I can jump into any sort of trading..even on a demo.
Chance favors the prepared mind.
  • #2,531
  • Feb 1, 2013 1:39pm Feb 1, 2013 1:39pm
Quoting CNTrader
Gbp/usd 4hr
I see abc flat.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #2,532
  • Feb 1, 2013 2:06pm Feb 1, 2013 2:06pm
Just the one trade today (first time playing with 233 tick charts).

Any comments about flawed logic and/or missed indications would be most welcome.
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  • #2,533
  • Feb 1, 2013 2:40pm Feb 1, 2013 2:40pm
Quoting itinerant
Just the one trade today (first time playing with 233 tick charts).

Any comments about flawed logic and/or missed indications would be most welcome.

Bravo! Excellent job. You followed your plan. That's what counts.

Below my 2 todays trades.
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Always trade your own plan...I don't provide trading signals.
  • #2,534
  • Feb 1, 2013 3:55pm Feb 1, 2013 3:55pm
Hey people Ninja is cool...took me whole day to get started and customize...up and running...

All for free though, wonder how Long the Party will last....
Enjoy the Weekend
  • #2,535
  • Feb 1, 2013 4:09pm Feb 1, 2013 4:09pm
I was wondering if anyone can help me or direct me to setup the ninja demo through MB Trading? I have attached what keeps coming up when I try to connect. I setup an MB Trading demo account and then entered in all the info after I downloaded ninja into the account connections section under tools. Not sure what is wrong..thanks ahead of time!
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Chance favors the prepared mind.
  • #2,536
  • Feb 1, 2013 4:40pm Feb 1, 2013 4:40pm
Quoting iceman777
I was wondering if anyone can help me or direct me to setup the ninja demo through MB Trading? I have attached what keeps coming up when I try to connect. I setup an MB Trading demo account and then entered in all the info after I downloaded ninja into the account connections section under tools. Not sure what is wrong..thanks ahead of time!
Look for posts by Crassius over in the MB Trading thread in the Brokers forum. He also used Ninja+MBT, but he knows that there are only certain versions of MBT Navigator that work.

Good luck!
  • #2,537
  • Feb 1, 2013 5:07pm Feb 1, 2013 5:07pm
Quoting iceman777
I was wondering if anyone can help me or direct me to setup the ninja demo through MB Trading? I have attached what keeps coming up when I try to connect. I setup an MB Trading demo account and then entered in all the info after I downloaded ninja into the account connections section under tools. Not sure what is wrong..thanks ahead of time!
I had this problem, but managed to get it working.

This was because I only created an account at MBT; I didn't bother to download any of MBT's trading platforms.

The solution was to log back into MBT and download MBT Desktop.

After doing that Ninja Trader should work. Just be careful that you don't have MBT Desktop open when you try to connect Ninja Trader - it will generate a different error message about your password not matching.

Post back if you have problems.
  • #2,538
  • Feb 1, 2013 5:31pm Feb 1, 2013 5:31pm
Quoting Coreg2004
Bravo! Excellent job. You followed your plan. That's what counts.

Below my 2 todays trades.
Very nice - looks like plenty of movement on that
  • #2,539
  • Edited 7:43pm Feb 1, 2013 6:39pm | Edited 7:43pm
Bary Sorry, just got back today to this wonderful thread, I'm sorry for not coming back sooner but I've been gauging a line FIB, since the EUR / JPY pair has been with daily movements of 3 * 161.80% and then back up to 61.8%. I have always tried to come at the end of a movement, and another principle, because the volatility of this pair is so great that in spreed and sometimes left me in a less favorable position. The line I'm trying to add is 517%, resulted once, let's see if it results more often. I do not know if I'm being clear, if not please ask I will try to be clearer!

I usually will react to the price and harmonic which way, one more thing, this pair seems that no one engages 20pips. The movements of 50pips or more have more power! It's fantastic





Quoting Bary
Congrats! But I can't see where your entries where and why? Aggressive C's or D's? More labels on the swings would be helpful.

I want to remind you something else! Mr. Pip probably already said in the subject, the greater the penetration lines and 127.20% 138.20% more likely to keep the movement, or at least re-test the same area or more down! I ask you to correct me if I'm wrong! I'm using 444 ticks this week does not mean that is equal to the week! I like candles consistent with little shade!
  • #2,540
  • Feb 1, 2013 10:13pm Feb 1, 2013 10:13pm
Spectacular, it really makes sense. I have another system that works well but I got interested on the theme, because looks interesting.
I hope you keep posting these incredible formulas.
Best regards.
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