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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

  • #2,581
  • Feb 4, 2013 8:41am Feb 4, 2013 8:41am
Quoting Davit
Its common tactics.If big account wants to sell 1st they will buy drive the price up about 20-30 pips then sell in massive way.
This happens every day.
true, but its not like theyre personally hunting you, its the masses, so you can think of it as a characteristic of the market, in which case hopefully you can detect that pattern. definitely agree they do that. i saw that last friday. but its just a characteristic of supply/demand levels, nothing personal.

note i didnt get any of this, just me dreeaming and looking at patterns. i call this the bear bounce breakout, dips below demand levels a bit, goes up to supply level, then goes down.....
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  • #2,582
  • Feb 4, 2013 8:56am Feb 4, 2013 8:56am
First trade profit. probably should've gotten in lower, cause of the stronger resistance there (thus stronger confluence)

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  • #2,583
  • Feb 4, 2013 8:59am Feb 4, 2013 8:59am
Possible short...
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  • #2,584
  • Feb 4, 2013 9:04am Feb 4, 2013 9:04am
[quote=Starry;6417283]true, but its not like theyre personally hunting you,

True, thereīs actually a thread by a Trainer for institutionall Traders, he explains clearly how they operate, and that hunting is just necesary and part of the game...
Anyway:
-Fact is: every Pivot, specailly on a small time Frame is full of sitting ducks/orders...and are Targets.
-Actually I studied some old pro, who would sytematically wait for a retest and place his orders right where the hunting happens...yes, he would miss lots of trades , but get an excellent Price and had plenty of space to place a safer stop.
I think thatīs not too far away from Mr. Pipīs style.
In the end of the day, we are Traders in a fruit market, you want to buy wholesale Price and sell retail....

EURUSD H, did you notice this?
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  • #2,585
  • Feb 4, 2013 9:14am Feb 4, 2013 9:14am
Quoting Starry
First trade profit. probably should've gotten in lower, cause of the stronger resistance there (thus stronger confluence)

Attachment
Its good you made a profit I personnaly think you are just in range channel.You have no harmonic pattern.PA violated 78.6 even went further then that.
In trading, you have to be defensive and aggressive at the same time
  • #2,586
  • Feb 4, 2013 9:26am Feb 4, 2013 9:26am
Here is a look at Eur/Aud weekly chart for a bigger picture potential. We have an inverted H&S pattern which broke the neckline with 3 harmonic patterns developing. We can see a potential shark pattern potentially developing as well as its baby brother the cypher. Also an ab=cd pattern completion comes in at the same area of completion as the baby brother. Are we having fun yet? Have a great day!!
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Don't follow me! You can and most likely will LOSE all your money!!!!
  • #2,587
  • Feb 4, 2013 9:29am Feb 4, 2013 9:29am
[quote=cuchuflito;6417351]
Quoting Starry
true, but its not like theyre personally hunting you,

True, thereīs actually a thread by a Trainer for institutionall Traders, he explains clearly how they operate, and that hunting is just necesary and part of the game...
Anyway:
-Fact is: every Pivot, specailly on a small time Frame is full of sitting ducks/orders...and are Targets.
-Actually I studied some old pro, who would sytematically wait for a retest and place his orders right where the hunting happens...yes, he would miss lots of trades , but get an excellent Price...
oh my , didnt notice that, that looks ominous for my buy order! oh well.
  • #2,588
  • Feb 4, 2013 9:31am Feb 4, 2013 9:31am
[quote=cuchuflito;6417351]
Quoting Starry
true, but its not like theyre personally hunting you,

True, thereīs actually a thread by a Trainer for institutionall Traders, he explains clearly how they operate, and that hunting is just necesary and part of the game...
Anyway:
-Fact is: every Pivot, specailly on a small time Frame is full of sitting ducks/orders...and are Targets.
-Actually I studied some old pro, who would sytematically wait for a retest and place his orders right where the hunting happens...yes, he would miss lots of trades , but get an excellent Price...
cant get out of my orders, i have to follow them through, one thing i decided.
  • #2,589
  • Feb 4, 2013 9:33am Feb 4, 2013 9:33am
Quoting Davit
Its good you made a profit I personnaly think you are just in range channel.You have no harmonic pattern.PA violated 78.6 even went further then that.
There was a nice supply zone below it, though i actually missed this or would've entered lower.

edit: well breakeven day. oh well, still improving

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  • #2,590
  • Feb 4, 2013 10:15am Feb 4, 2013 10:15am
CMIIW, potential gartley on Gold,
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  • #2,591
  • Feb 4, 2013 10:37am Feb 4, 2013 10:37am
Small account , practicing with real Money...
3 trades today: 1 BE, 2 winners.

Thanks again Mr. Pip..best system I played so far...
Needs lotīs of polishing from my part though..fun fun...
  • #2,592
  • Feb 4, 2013 10:48am Feb 4, 2013 10:48am
In my humble opinion and thanking Mr. Pip above all things, I think that he should update the thread rules. It's VERY frustrating getting in here and realize that you have to read more than 10 pages each day to catch up, not to mention if you are having a busy week - like we all do.

At the end I won't have problems in clicking one page after the other to find Mr. Pip's comments, but it'd be easier for ALL OF US if we didn't have to search for that needle in such big haystack.

It is so nice reading general questions about pattern rules, confluence, price action, scenarios, and I have noticed that Mr. Pip provides great replies to those type of Posts.

But on the other hand, there are others posting lots of things like "Hey, look what am I doing! - Do I have permission to do this?". Come on, you already know the answer, you are just asking for a star in your forehead, una palmadita en la espalda.

Once Broncocap said that he was starting a Journal. That's the best thing we all can do. I particularly have some ideas that I want to implement but I think Mr. Pip deserves some room here so we all can learn from him.

I know some will take this personal, but please don't. If I am "talking just to talk" please apologyze, as I said earlier in this post I won't have problems in clicking one page after the other to find what I am looking for, but I wanted to give my opinion. Harmony is key in this harmonic patterns world.

Cheers and good trading.
Best time to plant a tree was 20 years ago, second best is now
  • #2,593
  • Feb 4, 2013 11:01am Feb 4, 2013 11:01am
Quoting 4xf
It's maybe better for reader to post a screenshot ??
So we could learn more about your trades.

Here are mine
heres mine

1 breakeven, 1 winner, 1 loss = breakeven overall. i see i had a bull bias!

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  • #2,594
  • Edited 11:30am Feb 4, 2013 11:10am | Edited 11:30am
Quoting horuxito
In my humble opinion and thanking Mr. Pip above all things, I think that he should update the thread rules. It's VERY frustrating getting in here and realize that you have to read more than 10 pages each day to catch up, not to mention if you are having a busy week - like we all do.

At the end I won't have problems in clicking one page after the other to find Mr. Pip's comments, but it'd be easier for ALL OF US if we didn't have to search for that needle in such big haystack.

It is so nice reading general questions about pattern rules, confluence, price action, scenarios, and I have noticed that Mr. Pip provides great replies to those type of Posts.

But on the other hand, there are others posting lots of things like "Hey, look what am I doing! - Do I have permission to do this?". Come on, you already know the answer, you are just asking for a star in your forehead, una palmadita en la espalda.

Once Broncocap said that he was starting a Journal. That's the best thing we all can do. I particularly have some ideas that I want to implement but I think Mr. Pip deserves some room here so we all can learn from him.

I know some will take this personal, but please don't. If I am "talking just to talk" please apologyze, as I said earlier in this post I won't have problems in clicking one page after the other to find what I am looking for, but I wanted to give my opinion. Harmony is key in this harmonic patterns world.

Cheers and good trading.


Interesting comments

From my perspective, when I found the thread there were already well over 100 pages to read.

It was a daunting task. Initially I would read every post, but then I ended up skipping through pages just reading the responses of Mr. Pip (and one or two other excellent contributors).

Once I was up-to-date, I started reading each post again. I found that I was learning not only from the other contributors, but I was opening the charts which were being posted to see what I could see. And I learnt even more from the responses that followed when people posted their trades.

Ultimately, how the thread is run comes down to Mr. Pip because he started the thread.

But for me personally, I like to read how people are applying the system rather than the thread being like lecture notes.

I guess one compromise would be to copy the THV traders and create a separate thread for trades and patterns?
  • #2,595
  • Feb 4, 2013 11:33am Feb 4, 2013 11:33am
I won't have problems in clicking one page after the other to find what I am looking for..........

Horuxito, you really don't have to suffer, just go to Mr.Pip post and left click in the upper right hand corner on post counter and you will have only the posts you desired. Just the thought, just the thought.........
Always trade your own plan...I don't provide trading signals.
  • #2,596
  • Feb 4, 2013 12:39pm Feb 4, 2013 12:39pm
Quoting Coreg2004
I won't have problems in clicking one page after the other to find what I am looking for..........

Horuxito, you really don't have to suffer, just go to Mr.Pip post and left click in the upper right hand corner on post counter and you will have only the posts you desired. Just the thought, just the thought.........
Agree!
I also learn from everyone here...besides , itīs so much work to "fish" a nice Setup...sometimes people share those here, itīs usefull, and very often they are profitable...you get plenty of "signals for sale" on the web, here they are free and good Quality too!

On the other hand, I also agree itīs usefull to stick to the Point!lll Iīve seen threads that start simple and end up with hundreds of Indies...

Hey, weré just human beings...
  • #2,597
  • Feb 4, 2013 3:40pm Feb 4, 2013 3:40pm
Quoting CNTrader
Here is a look at Eur/Aud weekly chart for a bigger picture potential. We have an inverted H&S pattern which broke the neckline with 3 harmonic patterns developing. We can see a potential shark pattern potentially developing as well as its baby brother the cypher. Also an ab=cd pattern completion comes in at the same area of completion as the baby brother. Are we having fun yet? Have a great day!!
Nice analysis CN.
I still have some longs running - and she is retracing this week, so looking to add.
Keep the charts coming.....
  • #2,598
  • Feb 4, 2013 4:04pm Feb 4, 2013 4:04pm
Look at that equity curve. definitely getting better. now it just needs to go up! up up...

cant wait for my first 50 pip day, itll be great.
but first 20 pips is my goal....

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  • #2,599
  • Feb 4, 2013 4:24pm Feb 4, 2013 4:24pm
Quoting Starry
Look at that equity curve. definitely getting better. now it just needs to go up! up up...

cant wait for my first 50 pip day, itll be great.
but first 20 pips is my goal....

Attachment
I must say very good job in preserving capital. That is the first lesson of trading live with any plan..survive. As you survive it gives you more and more lessons on how the plan works according to real market movements.

I myself am looking to trade harmonics live as well to get me closer to trading full time. Does anyone know what specific time Mr. Pip trades? I know he mentioned 5 hours per day. I am eastern time zone in the US as well.
Chance favors the prepared mind.
  • #2,600
  • Feb 4, 2013 4:40pm Feb 4, 2013 4:40pm
Quoting iceman777
I must say very good job in preserving capital. That is the first lesson of trading live with any plan..survive. As you survive it gives you more and more lessons on how the plan works according to real market movements.

I myself am looking to trade harmonics live as well to get me closer to trading full time. Does anyone know what specific time Mr. Pip trades? I know he mentioned 5 hours per day. I am eastern time zone in the US as well.
He trades 7-11 EST. I thought it was 4 hours per day, maybe im wrong. but his charts are in that time vincinity, maybe he trades 7 - 12.
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