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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

  • #2,881
  • Feb 13, 2013 11:24am Feb 13, 2013 11:24am
possible aggressive c buy and then bat completion
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD (233 Tick) 13-2-2013.jpg Size: 110 KB
"The only thing I’m addicted to right now is winning."
  • #2,882
  • Feb 13, 2013 11:27am Feb 13, 2013 11:27am
Quoting Starry
No, he didnt use those impulse waves for the abcd. see chart.
edit: nvm, i see your chart is different slightly ....... the first two bumps arent the same length in my chart.

Attachment
Yes Starry, I understand his waves, but when I have for instance 2 ABCD, which one I should take? Probably Price Action is the key for choosing the right ABCD, but for me it's not quite simple to master the Price Action
  • #2,883
  • Feb 13, 2013 1:25pm Feb 13, 2013 1:25pm
Quoting Mr. Pip
Hello Traders,

Just dropping in to say hello again and to post todays trades and chart three trades for 65 pips and I did not take the last two beauties no greed.
I caught both bottoms but missed the retrace for the continuation down. I can't seem to change horses from long to short. Please continue to post your trades as there awesome to learn from. Thank you so much for this thread! Cheers.
Finally out of the shadows.
  • #2,884
  • Feb 13, 2013 1:35pm Feb 13, 2013 1:35pm
Quoting itinerant
Hello Mr. Pip,

Congratulations on those trades.

Do I understand correctly that the yellow arrows are your actual trades?

If so, I see your first trade started around about where my second trade did... except I chickened out at the 1.35000 line whereas you seemed to trade right through it.

What significance do you place to round numbers?
It depends on the structure and behavior of price at the round number. Price did not care for it on the way up, like it wasn't even there. So if price did not respect it neither do I. Also I was following my rules.
If you fail to plan, you plan to fail.
  • #2,885
  • Feb 13, 2013 1:52pm Feb 13, 2013 1:52pm
Quoting Mr. Pip
It depends on the structure and behavior of price at the round number. Price did not care for it on the way up, like it wasn't even there. So if price did not respect it neither do I. Also I was following my rules.
Fair points, duly noted.
Thanks
  • #2,886
  • Feb 13, 2013 3:34pm Feb 13, 2013 3:34pm
Quoting dibo90
Wonderfull Mr. Pip! I want to ask you one thing. In my image, my ABCD is different from your first ABCD; mine got 127,20-138,20 Area as a target, instead of yours that targets the 138,20-161,80 Area (and was more acurate). Can you explain why you took that ABCD, instead of this one, which is more evident? Thanks a lot!

Edit: I want to specify that I didn't took this trade because price moved too fast. Maybe is for this reason that Mr. Pip discarded it too.
I took the completion was not at my PC earlier.
If you fail to plan, you plan to fail.
  • #2,887
  • Feb 13, 2013 10:30pm Feb 13, 2013 10:30pm
Hello all,

Just a harmonic that I am looking at tonight.
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #2,888
  • Feb 14, 2013 5:07am Feb 14, 2013 5:07am
EURJPY Gartley
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  • #2,889
  • Feb 14, 2013 7:27am Feb 14, 2013 7:27am
Quoting liemo
EURJPY Gartley
Big test of this PRZ and tailed nicely... I take it as confirmation
  • #2,890
  • Feb 14, 2013 11:46am Feb 14, 2013 11:46am
Has anyone heard of the three drive pattern/trade it? ive noticed it before, didnt know it had a name
http://img112.imageshack.us/img112/1618/all11gb0.jpg
  • #2,891
  • Edited 12:19pm Feb 14, 2013 11:50am | Edited 12:19pm
I think thats what the three impulse offset is. a three drive pattern. theyre literally everywhere. i guess in markets with lots of resistance/support, they have to travel in 3 waves to break it and reach your prz

Attached Image (click to enlarge)
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  • #2,892
  • Feb 14, 2013 12:28pm Feb 14, 2013 12:28pm
Mr. Pip, a few questions for you when you get a chance..I asked some of these previously but in all the posts many traders questions can get lost in the pile..

1st: What do your losing days look like? I know traders love to see profitable days because it gives them confidence but I want to know the risks and to see how you manage days that are less than optimal.

2nd: Do you have rules of engagement for patterns other than ABCD and Gartley? I wasn't sure if there is anything specific that you look for differently or if they are treated the same as the Gartley just with different ratios/harmonics.

3rd: I had posted a chart with a question previously about price action in the PRZ. You had an example (which I posted below for reference) where your Long entry was after a break of a short term high made between two lows in the PRZ. Are there any specific PA patterns that you have for entry in the PRZ that goes with your rules or anything that you could cover specifically?

Once again, thanks for your time and contribution.
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Chance favors the prepared mind.
  • #2,893
  • Edited 2:52pm Feb 14, 2013 1:53pm | Edited 2:52pm
Just for fun, heres a three drive pattern prediction on gbpjpy
Attached Image (click to enlarge)
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edit:

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Click to Enlarge Name: three_drive_second.png Size: 198 KB
  • #2,894
  • Feb 14, 2013 2:02pm Feb 14, 2013 2:02pm
Does anyone else find it annoying that the historical tick data looks different (i haven't examined how different) than the live one? Because ticks are counted per second i think.
  • #2,895
  • Feb 14, 2013 2:59pm Feb 14, 2013 2:59pm
Quoting Starry
Does anyone else find it annoying that the historical tick data looks different (i haven't examined how different) than the live one? Because ticks are counted per second i think.
Well, I don't have tick charts, I'm using MT4 normal periods but I also find it annoying when my, say H1 chart looks different to other peoples charts of the same period. I've tried to change scales, etc but I can't seem to duplicate them and where I can clearly see the pattern on their chart, it is difficult on mine.

I'm also find it distracting that some of the charts that are being put up in this thread aren't really following Mr Pip's Rules of Engagement. So what started as a process I'm avidly trying to learn is now turning into an exercise in sifting through the clutter. It's great others are making money from their systems and adapting Mr Pip's teachings to their own styles but for those of us who are still in their FX infancy, please go start your own trade journal/system topic elsewhere. If Mr Pip hasn't taught it, recommended it, added it, etc, then don't add it in yourself. This stuff is confusing enough as it is.

I know I'm only new and I apologise in advance if I offend anyone. I'm just trying to learn this one style.

Cheers
  • #2,896
  • Feb 14, 2013 3:16pm Feb 14, 2013 3:16pm
Quoting FXorBust
Well, I don't have tick charts, I'm using MT4 normal periods but I also find it annoying when my, say H1 chart looks different to other peoples charts of the same period. I've tried to change scales, etc but I can't seem to duplicate them and where I can clearly see the pattern on their chart, it is difficult on mine.
That will be down to different brokers... there is nothing you can do to change that (apart from opening an account with the same broker as them!)
  • #2,897
  • Feb 14, 2013 4:06pm Feb 14, 2013 4:06pm
Ive seen something similar before. I wonder if it will do the same thing! Arrows are what it did in the past.... probably not

Attached Image (click to enlarge)
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  • #2,898
  • Feb 14, 2013 5:30pm Feb 14, 2013 5:30pm
[quote=iceman777;6447120]Mr. Pip, a few questions for you when you get a chance..I asked some of these previously but in all the posts many traders questions can get lost in the pile..

Quote
1st: What do your losing days look like? I know traders love to see profitable
days because it gives them confidence but I want to know the risks and to see
how you manage days that are less than optimal.

Please do not focus on if I have losing days or not, Manage risk by trading with order flow. Set a daily goal say 20 or 30 pips once hit quit. Don't over trade.

Quote
2nd: Do you have rules of engagement for patterns other than ABCD and Gartley? I
wasn't sure if there is anything specific that you look for differently or if
they are treated the same as the Gartley just with different ratios/harmonics.

I have rules for every pattern but we are not ready yet to add another pattern.

Quote
3rd: I had posted a chart with a question previously about price action in the
PRZ. You had an example (which I posted below for reference) where your Long
entry was after a break of a short term high made between two lows in the PRZ.
Are there any specific PA patterns that you have for entry in the PRZ that goes
with your rules or anything that you could cover specifically?

I look at price action I do not use candle stick patterns.
If you fail to plan, you plan to fail.
  • #2,899
  • Feb 14, 2013 5:32pm Feb 14, 2013 5:32pm
Quoting Starry
Ive seen something similar before. I wonder if it will do the same thing! Arrows are what it did in the past.... probably not

Attachment
Wow that's quite a forecast.
If you fail to plan, you plan to fail.
  • #2,900
  • Feb 14, 2013 5:33pm Feb 14, 2013 5:33pm
My chart of today's trades
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD (233 Tick) 2_14_2013.jpg Size: 134 KB
If you fail to plan, you plan to fail.
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