Ratios & Harmonics: a Different Way to Trade | Page 167 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

"Ratios & Harmonics: a Different Way to Trade." Summary 37 replies

Learning to trade with harmonics 11 replies

Time for Change - Pivots & Harmonics to freedom 67 replies

180 reasons to trade Harmonics and Patterns 13 replies

Group Trading based on Elliott wave and Harmonics 0 replies

Attachments: Ratios & Harmonics: a Different Way to Trade
Exit Attachments

Ratios & Harmonics: a Different Way to Trade

  • #3,321
  • Mar 5, 2013 2:58am Mar 5, 2013 2:58am
update of BAT pattern. approaching
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2013-03-05 at 4.56.39 PM.png Size: 30 KB
  • #3,322
  • Edited 3:44am Mar 5, 2013 3:27am | Edited 3:44am
Is this consider PA at PRZ?
Bearish Engulfing at lower time frame (M1).
Attached Image
  • #3,323
  • Mar 5, 2013 5:17am Mar 5, 2013 5:17am
Quoting gristar
update of BAT pattern. approaching
i had to exercise some patience here and weight for PRZ to be achieved. i am in for a lovely short. their is another PRZ at about 1.29200. lets hope the $ keeps getting stronger.
choose a job you love and you will never have to work a day in your life
  • #3,324
  • Mar 5, 2013 5:22am Mar 5, 2013 5:22am
Quoting gristar
Is this consider PA at PRZ?
Bearish Engulfing at lower time frame (M1).
Moved Stop loss To break even after reached 38.2% pull back of the last swing.
It is risk free trade now.
When it reach 61.8 % pull back then we will enter trailing stop.
Thank you.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2013-03-05 at 7.20.23 PM.png Size: 32 KB
  • #3,325
  • Mar 5, 2013 5:37am Mar 5, 2013 5:37am
Quoting JayTrader
Here is an ABCD I took this morning on the AU, Got in a little late but it worked out. Just took off some of the position for 55 points and moved the rest to BE+. It was within 6 points of the 1st TP at the 38.2 EXT. of AD anyway.

Attachment

Take Care
Good Morning All

Tp2 was hit last night @ 1.02502 which was just below 61.8 of AD for total of 107 points
Always Learning
  • #3,326
  • Mar 5, 2013 7:27am Mar 5, 2013 7:27am
ABCD pattern on GBP/CHF...enjoy..!!
Attached Image (click to enlarge)
Click to Enlarge Name: 26 GBPCHF 60 MIN.PNG Size: 81 KB
  • #3,327
  • Mar 5, 2013 7:39am Mar 5, 2013 7:39am
A nice abcd, if price action is able to make it to the prz. There is decent confluence in the prz: completion abcd/ fib extension/ 61.8% retracement of main swing/ weak resistance (cyan line)
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD (100 Tick) 5-3-2013.jpg Size: 125 KB
"The only thing I’m addicted to right now is winning."
  • #3,328
  • Mar 5, 2013 7:40am Mar 5, 2013 7:40am
Quoting well0143
MR Pip i was wondering what you trade mostly in time frames, do you trade 233 tick instead of trading a 5 min or 1 min time frame are the completely different, the reason i ask is my mt4 platform does not allow tick charts and i haven't got the finances to change to another broker that does therefore if I'm looking for basic abcd patterns that are quicker like on a 233 tick chart would i trade a 1min or 5min instead i think has been asked before but there are so many posts i struggled to find it,
Well,
There are plenty of ABCD on the EURUSD 1min chart. More importantly, remember you can always just place pending orders and let the market come to you when it is ready, not when you are sitting in front of the screen. Yes, you lose flexibility, but unless you have bountiful screen-time like Mr. Pip, using highly discretionary techinques is difficult anyways. Set and Forget!

As a matter of fact, I just had a successful ABCD go to my target. It will posted in my journal later as the "Green ABCD".

Good luck.
  • #3,329
  • Mar 5, 2013 7:43am Mar 5, 2013 7:43am
Quoting Good2Cu
A nice abcd, if price action is able to make it to the prz. There is decent confluence in the prz: completion abcd/ fib extension/ 61.8% retracement of main swing/ weak resistance (cyan line)
Ha! That is the exact trade I just made. ABCD's are the greatest. Great catch there!
  • #3,330
  • Mar 5, 2013 7:50am Mar 5, 2013 7:50am
Quoting BroncoCap
Ha! That is the exact trade I just made. ABCD's are the greatest. Great catch there!
now let's see if price is able to reach our target point.
"The only thing I’m addicted to right now is winning."
  • #3,331
  • Mar 5, 2013 9:45am Mar 5, 2013 9:45am
Quoting gristar
Moved Stop loss To break even after reached 38.2% pull back of the last swing.
It is risk free trade now.
When it reach 61.8 % pull back then we will enter trailing stop.
Thank you.
61.8% reached. Now trailing stop loss 20 pip. No risk at all. waiting for profit pips. Thanks.
  • #3,332
  • Mar 5, 2013 3:39pm Mar 5, 2013 3:39pm
Quoting BroncoCap
Well,
There are plenty of ABCD on the EURUSD 1min chart. More importantly, remember you can always just place pending orders and let the market come to you when it is ready, not when you are sitting in front of the screen. Yes, you lose flexibility, but unless you have bountiful screen-time like Mr. Pip, using highly discretionary techinques is difficult anyways. Set and Forget!

As a matter of fact, I just had a successful ABCD go to my target. It will posted in my journal later as the "Green ABCD".

Good luck.
Answered perfectly that is all i need
  • #3,333
  • Mar 5, 2013 11:05pm Mar 5, 2013 11:05pm
Hi everyone,

AUSUSD 1 Hr. So as you can see in the chart, price failed to come down to my C ? box or my Low D ? box and went up to 10 pips past X/A and hit stop lose. Reversed right on 1.0300 to come back down. So just wanna see what would you do now?. I'm thinking, get ride of everything and draw new fib from where I have the low at ab draw to new high and wait to see if price will come back down to the new 61.8 that I will draw and wait and see. I say this cause am only looking at abcd and Cartley nothing else at the moment getting comfortable with those two patterns first. Is this what others would do?

Thanks,
Attached Image (click to enlarge)
Click to Enlarge Name: 6.3.13 AUSUSD 2.jpg Size: 243 KB
It's not about how much you make, it's about how much you don't lose
  • #3,334
  • Mar 6, 2013 1:08am Mar 6, 2013 1:08am
Mr Pip,

This is my AUD/USD H1 aggressive C entry. Results in a lost.
Is a correct entry for you Mr Pip and just an unlucky tread or am I missing something?
I've entered because of a little bit of structure + PA + ratios...

Attached Image (click to enlarge)
Click to Enlarge Name: audusd.png Size: 84 KB
  • #3,335
  • Mar 6, 2013 1:22am Mar 6, 2013 1:22am
[quote=lucariga;6493545]Mr Pip,

This is my AUD/USD H1 aggressive C entry. Results in a lost.
Is a correct entry for you Mr Pip and just an unlucky tread or am I missing something?
I've entered because of a little bit of structure + PA + ratios...

I almost got filled but then missed it, so didnīt gret stopped, an agersssive C is exactly that, agressive..
Got filled on similar EURGBP, Big boys ran the stops wildly then returned...itīs the name of the game...

Read this article where they where explaining how Forex , being so popular and leveraged, is specially targeted for stop hunting, since everyone uses stops to prevent margin calls..
Without stop hunting, a much higher percentage of systems and traders would be profitable...the idea is to wipe that mini edge we are all working for...no free lunch here...business as usual..
  • #3,336
  • Mar 6, 2013 2:31am Mar 6, 2013 2:31am
Quoting lucariga
Mr Pip,

This is my AUD/USD H1 aggressive C entry. Results in a lost.
Is a correct entry for you Mr Pip and just an unlucky tread or am I missing something?
I've entered because of a little bit of structure + PA + ratios...

Attachment
hey man please don't take this egotistically or anything i just wanted to comment on the look of this trade that is all, I reckon i would of been very iffy when price action closed higher than the c point and the following price action after just showed me that price was no going to retrace, therefore I would of just taken the loss
  • #3,337
  • Mar 6, 2013 2:32am Mar 6, 2013 2:32am
[quote=cuchuflito;6493576]
Quoting lucariga
Mr Pip,

This is my AUD/USD H1 aggressive C entry. Results in a lost.
Is a correct entry for you Mr Pip and just an unlucky tread or am I missing something?
I've entered because of a little bit of structure + PA + ratios...
Quoting lucariga

I almost got filled but then missed it, so didnīt gret stopped, an agersssive C is exactly that, agressive..
Got filled on similar EURGBP, Big boys ran the stops wildly then returned...itīs the name of the game...

Read this article where they where explaining how Forex , being...
Hindsight is a perfect science. foresight not so easy. harmonics has great foresight abilities. i would have stayed in the trade and doubled up when it went higher and prepared for a great short. if i understand Mr. Pip - then what happened is an extension and pull downward is to strong - looking at NSH, HL, LL.

please Mr. Pip be so kind to let us have your comments about this trade.
choose a job you love and you will never have to work a day in your life
  • #3,338
  • Mar 6, 2013 2:32am Mar 6, 2013 2:32am
Quoting lucariga
Mr Pip,

This is my AUD/USD H1 aggressive C entry. Results in a lost.
Is a correct entry for you Mr Pip and just an unlucky tread or am I missing something?
I've entered because of a little bit of structure + PA + ratios...

Attachment
although what has happened next because it could still be in for a stronger retracement i
  • #3,339
  • Mar 6, 2013 2:33am Mar 6, 2013 2:33am
[quote=ewgcorp;6493742]
Quoting cuchuflito
[b]

Hindsight is a perfect science. foresight not so easy. harmonics has great foresight abilities. i would have stayed in the trade and doubled up when it went higher and prepared for a great short. if i understand Mr. Pip - then what happened is an extension and pull downward is to strong - looking at NSH, HL, LL.

please Mr. Pip be so kind to let us have your comments about this trade.
yeah this is what i was trying to say swish!
  • #3,340
  • Mar 6, 2013 3:12am Mar 6, 2013 3:12am
Hi all,

What do you think of this potential abcd GBPUSD 233 Tick, does it look right? will watch if price reaches 127 and how it reacts to this area.
Attached Image (click to enlarge)
Click to Enlarge Name: GPBUSD 233 tick 3.6.13.jpg Size: 208 KB


Thanks.
It's not about how much you make, it's about how much you don't lose
41 traders viewing now