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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

  • #3,341
  • Mar 6, 2013 3:36am Mar 6, 2013 3:36am
Hi Mr. Pip,

please be so kind to check the attached chart. i am hoping i am on the right side. AUDUSD 1H.

thanking you for your kind support,

best wishes,

Chad
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD1h.jpg Size: 105 KB
choose a job you love and you will never have to work a day in your life
  • #3,342
  • Mar 6, 2013 4:54am Mar 6, 2013 4:54am
Quoting FinPhysics
I have a question which shall really help a lot of Harmonic Traders! Every person has his her own mental status to judge the question I am putting forward. Most imp for Tmoneybag to comment on it.

I am attaching two charts of same pair AUDUSD on which two different patters are formed on 1 Hr chart Bullish Cypher is formed, where on 1 month chart Bearish Deep Crab is formed at the same instance. MY questions is how does a short term and a long term investor trade the pairs ? Every one is invited to comment..


As on one hour chart i shows a...
treat them separately,,, it will take a pattern much longer on the monthly TF to develop ( obviously) so by that time the H1 pattern PROBABLY would be done and dusted
  • #3,343
  • Mar 6, 2013 5:06am Mar 6, 2013 5:06am
Quoting FinPhysics
I have a question which shall really help a lot of Harmonic Traders! Every person has his her own mental status to judge the question I am putting forward. Most imp for Tmoneybag to comment on it.

I am attaching two charts of same pair AUDUSD on which two different patters are formed on 1 Hr chart Bullish Cypher is formed, where on 1 month chart Bearish Deep Crab is formed at the same instance. MY questions is how does a short term and a long term investor trade the pairs ? Every one is invited to comment..


As on one hour chart i shows...
for an intraday trader, a pattern that develops in 1 hr time frame can be traded but just make sure that you know how to manage it accordingly for what you are doing is counter trend trading (because of the pattern formation noted in the monthly chart). you might want to consider taking partial profits at 38% ret of the c to d leg of the pattern because that is where the initial reaction comes in provided that you have covered your risk and you have to move your stop to breakeven. the next zone to take your profit is at 61.8 ret. if you are a long term investor once that the deep bearish crab pattern completed that's the time they are in for an entry. same management applies.
  • #3,344
  • Mar 6, 2013 5:29am Mar 6, 2013 5:29am
[quote=ewgcorp;6493962]Hi Mr. Pip,

please be so kind to check the attached chart. i am hoping i am on the right side. AUDUSD 1H.


Iīd rather look at the high of the 4 H Chart...then draw those fibos...thereīs quite a bit of structure there...itīs been shooting up straight for a while thogh...lately AUDUSD does that....then shoots back down....trying to find turning Points seems to be a coin flip...
...my 2 Cents...
Attached Image (click to enlarge)
Click to Enlarge Name: Audusd.PNG Size: 12 KB
  • #3,345
  • Mar 6, 2013 5:58am Mar 6, 2013 5:58am
[quote=cuchuflito;6494284]
Quoting ewgcorp
Hi Mr. Pip,
Quoting ewgcorp

please be so kind to check the attached chart. i am hoping i am on the right side. AUDUSD 1H.


Iīd rather look at the high of the 4 H Chart...then draw those fibos...thereīs quite a bit of structure there...itīs been shooting up straight for a while thogh...lately AUDUSD does that....then shoots back down....trying to find turning Points seems to be a coin flip...
...my 2 Cents...
Hi Mr. Cuchuflito,

thanks you made a great observation, as it added to my confidence. attached i found some additional points for example 38% is sign of weakness for the bulls and there is a channel. so i am still bearish for the moment.

thanking you for your kind input,

best wishes,
Chad
Attached Image (click to enlarge)
Click to Enlarge Name: audusd4h.jpg Size: 109 KB
choose a job you love and you will never have to work a day in your life
  • #3,346
  • Mar 6, 2013 6:27am Mar 6, 2013 6:27am
lesson today: never be biased for an immediate outcome without a reason. ive had that lesson pounded into my head so many times. bullish? but where will it go up...
  • #3,347
  • Mar 6, 2013 7:03am Mar 6, 2013 7:03am
Mr pip,
Do you have any suggestions regarding trading just support/resistance? It seems useful for price action....
  • #3,348
  • Edited 9:25am Mar 6, 2013 8:44am | Edited 9:25am
Morning All
Aggressive C sell I took this Morning on AU M5 EDIT: TP Hit

Attached Image (click to enlarge)
Click to Enlarge Name: AU1.png Size: 44 KB
Always Learning
  • #3,349
  • Mar 6, 2013 8:51am Mar 6, 2013 8:51am
Quoting Starry
Mr pip,
Do you have any suggestions regarding trading just support/resistance? It seems useful for price action....
Yes Starry. It's common for Mr pip to take trades at structure if there's strong S/R and ratio confluence and with order flow. Also we usually wait for at least one retest and rejection. I had 2 trades like that today. Here's my chart so far today. 3 trades -1 loser, 2 winners. Waiting for a D completion (closer to the RN) and a possible entry long for my 4th trade.
Attached Image (click to enlarge)
Click to Enlarge Name: 3_6_2013.jpg Size: 157 KB
Barry
  • #3,350
  • Mar 6, 2013 8:54am Mar 6, 2013 8:54am
Quoting Bary
Yes Starry. It's common for Mr pip to take trades at structure if there's strong S/R and ratio confluence and with order flow. Also we usually wait for at least one retest and rejection. I had 2 trades like that today. Here's my chart so far today. 3 trades -1 loser, 2 winners. Waiting for a D completion (closer to the RN) and a possible entry long for my 4th trade.
Watching PA for the same Trade
Always Learning
  • #3,351
  • Mar 6, 2013 8:59am Mar 6, 2013 8:59am
Quoting Bary
Yes Starry. It's common for Mr pip to take trades at structure if there's strong S/R and ratio confluence and with order flow. Also we usually wait for at least one retest and rejection. I had 2 trades like that today. Here's my chart so far today. 3 trades -1 loser, 2 winners. Waiting for a D completion (closer to the RN) and a possible entry long for my 4th trade.
thanks Bary! very useful, ive been training my eye to spot good s/r levels, since it is important. will work on it
  • #3,352
  • Mar 6, 2013 9:17am Mar 6, 2013 9:17am
This would be an ABCD
AUDUSD 15 min Chart

Will it reach PRZ and bounce enough...???

To be or not to be...profitable...that is the question...
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUS 15.PNG Size: 13 KB
  • #3,353
  • Mar 6, 2013 9:35am Mar 6, 2013 9:35am
Quoting JayTrader
Watching PA for the same Trade
Update: Took the D long and lost. I new it was aggressive and paid the price. To much bearish momentum.
Barry
  • #3,354
  • Edited 10:23am Mar 6, 2013 9:42am | Edited 10:23am
Quoting Bary
Update: Took the D long and lost. I new it was aggressive and paid the price. To much bearish momentum.
I'm in also and experiencing a little pain I'm out if close below TL
Attached Image

UPDATE: Out with +5 Volume seems to have dried up
Always Learning
  • #3,355
  • Mar 6, 2013 10:47am Mar 6, 2013 10:47am
Quoting Bary
Update: Took the D long and lost. I new it was aggressive and paid the price. To much bearish momentum.
Understand.
now thereīs a potential agressive C using the dayly low as Pivot...
then if you go to 15 min thereīs some harmonics too...

Lotīs of bouncing and tag of war in the EURUSD at the last dayly bottom area...and lotīs of stop hunting too...
I have an order above the 5 min fractal...not filled yet...there could be a bounce up, at least a bit...maybe retest the bottom...who knows..
But the agressive C is there!
Take it or leave it...
Good luck Folks..
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD H.PNG Size: 15 KB
  • #3,356
  • Mar 6, 2013 10:52am Mar 6, 2013 10:52am
Quoting JayTrader
I'm in also and experiencing a little pain I'm out if close below TL
Attachment
UPDATE: Out with +5 Volume seems to have dried up
Markets are brutal right now, EURUSD is stuck in the daily range from Friday, deep retraces have burned my 78.6% stop and reverse. To be expected, but not fun to experience. It will likely break out of this mess tomorrow or Friday with significant US news. But in the end, we do not worry about that, we just watch the market and react, not predict.

One strategy is to trade smaller size when things do not 'look' or 'feel' right. Another is to find a different pair that is behaving better. Sticking with EURUSD, but treading carefully.

Good luck all.
  • #3,357
  • Mar 6, 2013 10:54am Mar 6, 2013 10:54am
Quoting cuchuflito
Understand.
now thereīs a potential agressive C using the dayly low as Pivot...
then if you go to 15 min thereīs some harmonics too...

Lotīs of bouncing and tag of war in the EURUSD at the last dayly bottom area...and lotīs of stop hunting too...
I have an order above the 5 min fractal...not filled yet...there could be a bounce up, at least a bit...maybe retest the bottom...who knows..
But the agressive C is there!
Take it or leave it...
Good luck Folks..
Yup, I was in this, it retraced to 78.6%, so I was stopped out, and the Stop and Reverse is basically flat. The secondary lower high may have foreshadowed the failure.

On the other hand, it is sloppy out there!
  • #3,358
  • Mar 6, 2013 11:55am Mar 6, 2013 11:55am
Hi Everyone

I have not posted here before, this is my first try, does it look ok
Attached Image (click to enlarge)
Click to Enlarge Name: Bat GU030613.png Size: 30 KB
Vandag is die dag.....
  • #3,359
  • Mar 6, 2013 12:35pm Mar 6, 2013 12:35pm
Quoting Leokira
Hi Everyone

I have not posted here before, this is my first try, does it look ok
Look at this link: http://www.forexfactory.com/showthread.php?p=6486406#post6486406

Your C point didn't reach the 61,8 retracement of AB. So this invalidate the BAT pattern. Just my 2 cents
  • #3,360
  • Mar 6, 2013 12:45pm Mar 6, 2013 12:45pm
Quoting well0143
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
If you fail to plan, you plan to fail.
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