Ratios & Harmonics: a Different Way to Trade

Yes, it is absolutely harmonic because my target is a full move back to B ( = .618AB) and my stop is A ( = .382AB). .618/.382 is 1.618 = perfect harmony

I am trading aggressive C with modified rules for stop and target (compared to Mr. Pip). See my journal for details, hopefully self-evident.

Mr Pip
My first post here, congrats to you on a brilliant thread, I am blown away by the expertise and level of teaching that you are giving and also your patience in dealing with traders of all levels. I have been reading through the thread (and still am)and have to say it has certainly opened up a new avenue in my trading. I have been involved it forex trading for some years now and in this time have read and tried many systems and methods. I had heard quite a bit about harmonic trading but never really took it seriously until I started reading your thread - you had my interest from page 1.

A couple of questions which if I can, hopefully you haven’t covered them in parts of the thread I haven’t read yet. If you have just let me know that, I will get to them in due course:

1. Once the XA swing has been established and there is a reversal to 61.8%, this now qualifies as either an ABCD or a Gartley. Am I correct in saying that this point is now either C in the ABCD or B in the Gartley (as X becomes A). If this is the case and you take an aggressive C trade on the ABCD, this means you are also taking an aggressive B trade on the Gartley?

2. If an aggressive C trade is taken say on a Gartley pattern and from the reversal point you now establish where your PRZ should be, how do you handle it if price then reverses back past your point C, not far enough to stop you out but enough to invalidate the Gartley, and then heads back again towards the PRZ. Do you continue with your original Gartley trade or do you reassess based on where the new point C is.

Thanks again for all you are doing for us new harmonic traders.

Eur/Usd 4hr and 15m Bat pattern chart ideas. Have a fantastic day filled with bankable pips!!

I am not sure but here are some more charts that might be down the line of what you're thinking..

If it´s working for me, anybody can do it...

Tell you why: I´, ve been trading for over 20 years, Forex for ten.
My first account went from: 30.000$ to 110.000$, and after the dotcom crash... gess how much was left: 11$...no, not 11 thousand, exaclty 11 bucks...so I´m one of the best loosers...in history..
Since years, and lot´s of studying and hard work and fun, I make it or BE....with my small new account.

These are my numbers with Harmonics:

16 trades (granted not too many to be sure yet)
56% winners
0,17 RR

So there´s hope, even for me..

need to train your eyes, everything becomes easier with practice ...

Do you mean that your TP is only 17% of the amount you risked?

Here is a look at Aud/Usd big brother little brother scenario on 1hr chart. Have a wonderful day and may everyone make bank!

i hope i did this right...

cool 25 pips.. no fears no pressure. was calm all through
harmonics baby.
still a toddler in this
thanks Mr. pip for this eye opener. God Bless You


Edit. Price broke right through past X.. invalidates pattern. but had a nice ride on the aggressive C

looking for a possible short up here.
woops that was a pattenr right there before

This Gartley has failed ...

I am observing this ...

I would not trade that set up due to wide range bars. IMO, that would be a warning sign, decreases probability of trade, and I would not trade it.

Although I would be willing to trade the other side.

Although I have not read Mr. Pip's rules for harmonic patterns, that is generally considered a warning sign.

GU 1hr big brother/Little brother

#1) There is no such trade as an aggressive B of any pattern. Once you enter the aggressive C of the ABCD you manage it as such until you hit TP or SL. If it turns into a gartly then you’ll get stopped out of the ABCD and you wait for the gartley to complete for next possible entry.
#2) The trade management rules will guide you on what to do. Assuming you haven’t moved your stop to BE then as price retraces against you, move your target fibs to the new C point and manage accordingly.
Hope this helps.

adjusted prz

Nice trade. I took the same one.

this is a butterfly ...

took profit. dont trust the top prz.....
edit: yet im going to take it anyways...
i think im going to ignore everything else except price action, harmonics, and structure till i get profitable ... all my trades today from harmonics, migiht as well stick with it

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