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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

  • #3,501
  • Mar 17, 2013 11:54am Mar 17, 2013 11:54am
Hey guys got some potential patterns, wanna see if yall think they are in tune with PA

any and all criticism welcome.. hope everyone had a good weekend
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURUSDABCD2013-03-17-TOS_CHARTS.png Size: 51 KB
Click to Enlarge Name: GBPAUDdaily2013-03-17-TOS_CHARTS.png Size: 51 KB
Click to Enlarge Name: GBPJPY4h2013-03-17-TOS_CHARTS.png Size: 61 KB
  • #3,502
  • Mar 18, 2013 11:22am Mar 18, 2013 11:22am
One today, hope it is helpful.
Attached Image (click to enlarge)
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #3,503
  • Mar 18, 2013 11:26am Mar 18, 2013 11:26am
Quoting Mr. Scott
One today, hope it is helpful.
Nice one! I took the aggressive c of this trade and atm the prz.
"The only thing I’m addicted to right now is winning."
  • #3,504
  • Mar 18, 2013 11:55am Mar 18, 2013 11:55am
Quoting Good2Cu
Nice one! I took the aggressive c of this trade and atm the prz.
Yeah, I was wrecked from this weekend and did not trade this AM. Drew the fibs on that wave, and shook my head. A great trade that I missed, but it happens.

Good luck and nice trading!

But forgot to add I was short over the weekend. Regular 3.6R trade gave 12R with the gap
  • #3,505
  • Mar 18, 2013 11:58am Mar 18, 2013 11:58am
Quoting BroncoCap
Yeah, I was wrecked from this weekend and did not trade this AM. Drew the fibs on that wave, and shook my head. A great trade that I missed, but it happens.

Good luck and nice trading!



St. Patrick's Day?
The world you desire can be won. It exists.. it is real.. it is possible..
  • #3,506
  • Mar 18, 2013 12:44pm Mar 18, 2013 12:44pm
I saw this one too.. Missed it though. It didn't quite hit the 127 extension though, at least not on FXCM. But it would have been good for at least 90 pips. I know other setups will be along though.


Quoting Mr. Scott
One today, hope it is helpful.
  • #3,507
  • Edited 3:42pm Mar 18, 2013 3:29pm | Edited 3:42pm
How about this for a premier set up?

http://farm9.staticflickr.com/8522/8...92feb487_b.jpg

You have an AB=CD coupled with structure to the left. The long wicked doji/hammer
probed the support and it exploded. About as perfect as they come (except the
fact that it missed my 61.8% entry a few pipettes!).

Grind it out, there are trades to be had, but you have to be "in it to win it"
and willing to spend the time and effort to become successful.

edit: ironically, the up wave before my AB=CD is also an AB=CD. While
the structure and confluence is hard due to the gap, there was a solid trade
there as well.
  • #3,508
  • Mar 18, 2013 6:06pm Mar 18, 2013 6:06pm
Would anybody please check and compare their chart with mine, because this happend for me, on a live a account! When checking up on a trade where i had moved stop to BE +2 pips
bid price:
http://s10.postimage.org/3rb6oefr9/fxcm.jpg (http://postimage.org/image/3rb6oefr9/)
ask price:
http://s17.postimage.org/kkej9c223/fxcm2.jpg (http://postimage.org/image/kkej9c223/)
about + 60 pips difference between bid and ask... how can this even happend?
First off all my stop was at breakeven, so i should only loose a maximum of 10 pips and that would only be in a highly volatile market situation, where the spread can jump and second of all the spike on the candle is no where near -80 pips from my entry, even if the spike was legit, which i highly doubt. It only spiked like -45 pips below my entry.
  • #3,509
  • Mar 18, 2013 6:55pm Mar 18, 2013 6:55pm
Seems to be a FXCM feed issue. Hope you can get it figured out. Cheers.
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Finally out of the shadows.
  • #3,510
  • Mar 18, 2013 7:00pm Mar 18, 2013 7:00pm
That is ugly. My MT4(fxcm) looks similar. I also checked another broker (TOS) and it looks fine. I would still call your broker.
Quoting jb19
Would anybody please check and compare their chart with mine, because this happend for me, on a live a account! When checking up on a trade where i had moved stop to BE +2 pips
bid price:
http://s10.postimage.org/3rb6oefr9/fxcm.jpg (http://postimage.org/image/3rb6oefr9/)
ask price:
http://s17.postimage.org/kkej9c223/fxcm2.jpg (http://postimage.org/image/kkej9c223/)
about + 60 pips difference between bid and ask... how can this even happend?
First off all my stop was at breakeven, so i should only loose...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nu spike h1.gif Size: 21 KB
Click to Enlarge Name: NU TOS.png Size: 32 KB
Barry
  • #3,511
  • Mar 19, 2013 5:45am Mar 19, 2013 5:45am
[quote=BroncoCap;6524853]How about this for a premier set up?



You have an AB=CD coupled with structure to the left. The long wicked doji/hammer
probed the support and it exploded. About as perfect as they come (except the
fact that it missed my 61.8% entry a few pipettes!).

Common Broker practice, promissing orders, at the right place, they will be reluctant to honour them, cause they know already the market will turn, and hopefully leave you behinnd...same with take profit...they will run through a few whole pips, and still not trigger...remember they can see the orders placed, they won´t succeed everytime, but that´s the juice of their business...collect retail money....with all their might, technology and tools...and yes , they are very successfull!
  • #3,512
  • Mar 19, 2013 1:07pm Mar 19, 2013 1:07pm
Quoting jb19
Would anybody please check and compare their chart with mine, because this happend for me, on a live a account! When checking up on a trade where i had moved stop to BE +2 pips
bid price:
http://s10.postimage.org/3rb6oefr9/fxcm.jpg (http://postimage.org/image/3rb6oefr9/)
ask price:
http://s17.postimage.org/kkej9c223/fxcm2.jpg (http://postimage.org/image/kkej9c223/)
about + 60 pips difference between bid and ask... how can this even happend?
First off all my stop was at breakeven, so i should only loose...

Quoting gaf
Seems to be a FXCM feed issue. Hope you can get it figured out. Cheers.
Hi guys,

I got confirmation that at 5:02 pm New York time on Monday, we received erroneous prices on our feed that affected several NZD pairs. The correct prices for that time are below.

  1. NZD/USD – 0.8250
  2. NZD/JPY – 78.60
  3. AUD/NZD – 1.25938
  4. EUR/NZD – 1.5687
  5. GBPNZD – 1.8274 bid, 1.8293 offered


The Trade Audit Committee is currently investigating and will make appropriate adjustments to any accounts that were affected. If you had any affected trades, I encourage you to log a case with the Trade Audit Committee (http://bit.ly/YI5NZ0), so you can track the status of their resolution. I apologize for the inconvenience this has caused.

Jason

  • #3,513
  • Mar 19, 2013 3:16pm Mar 19, 2013 3:16pm
ABCD heaven today, I missed two, well four actually. Still found three winners.
Market is bat-crap crazy right now, trade small, but still trade.

How about this one? Got the cajones to double down and take it twice? Would have worked!

http://farm9.staticflickr.com/8249/8...bea29d6c_b.jpg

Some will blame the news, but Mr. Pip said on multiple occasions that the news follows harmonics
as well. With proper money management (plus confluence and price action for his devote followers)
news is just movement, and we all need movement to make pips!

Cheers!
  • #3,514
  • Mar 19, 2013 6:55pm Mar 19, 2013 6:55pm
What is your typical profit in pips when you trade on the 1 minute charts? I can't imagine it being that much. Are you using high leverage for your trades?

Quoting BroncoCap
ABCD heaven today, I missed two, well four actually. Still found three winners.
Market is bat-crap crazy right now, trade small, but still trade.

How about this one? Got the cajones to double down and take it twice? Would have worked!

http://farm9.staticflickr.com/8249/8...bea29d6c_b.jpg

Some will blame the news, but Mr. Pip said on multiple occasions that the news follows harmonics
as well. With proper money management (plus confluence and price action for his devote followers)
news is just movement, and we all...
  • #3,515
  • Mar 19, 2013 7:04pm Mar 19, 2013 7:04pm
Quoting shadodwel
What is your typical profit in pips when you trade on the 1 minute charts? I can't imagine it being that much. Are you using high leverage for your trades?
You can expect on average to make 15-20 pips on M1. I trade the 95T which is almost the same. Also we average 3-4 trades a day 7-11 am EST, although March has been much slower. Mr Pip posted several charts showing his trades for the day.
Barry
  • #3,516
  • Mar 19, 2013 8:38pm Mar 19, 2013 8:38pm
Quoting Bary
You can expect on average to make 15-20 pips on M1. I trade the 95T which is almost the same. Also we average 3-4 trades a day 7-11 am EST, although March has been much slower. Mr Pip posted several charts showing his trades for the day.
Bary is right. I do not trade waves less than 20 pips (A to B) as the 61.8 and 78.6 levels get precariously close, esp. if the spread widens. 61.8% of 20 is ~12.5 pips which would be my target and the stop is ~3.5 pips. More importantly is the money management aspect. I am only risking 0.5% of my account per trade and, like Bary, I see between 3-6 tradeable waves in the EURUSD per day. Some days more, some days less. But if my reward is ~3.5X my risk, means I have the possibility of netting 1.5% of my account per win, which compounds nicely. Today I made +4.6% of my account, or +9R. The hardest part of trading is accepting the slow grind up to appreciable gains. Making $10-20 a day seems tedious. Everyone wants $100, $500, $1000 a day. Mr Pip can pull that, Bary maybe can as well, but I am not there. With our full time jobs, we do not need to be there. I would rather make $30 EVERY day of the week, then chur +100, -200, +500, -300 -50 in a week. I can leverage up, go with size when I master the markets.

But on the flip side, my new phrase is 'in it to win it'. While I am in demo, that will be ending soon. Even though I consider the money real, and only trade 0.5%, it is still demo and the emotions will never be the same. So, soon enough, I will be live, again trading very small size, collecting data, testing my emotions, and testing the system. Maybe the day will come where I am 2, 3, heck 5% a trade, but it will be a long time coming...if ever!

Grind on and good luck!
  • #3,517
  • Mar 19, 2013 9:35pm Mar 19, 2013 9:35pm
How is the 95T working out for you? I like the idea of trading ticks. However, to trade ticks on MT4, is quite annoying. For every currency pair you want to trade you'd need to have two chart windows open. I was trading the 233 tick chart for a few days. I stopped though because in order to do it that way you needed to keep your computer on constantly if you wanted to get all the ticks. I wish MT4 could do this natively, but it doesn't. If anyone wants to know how to setup tick charts in MT4 ask. I'm not going to post how to do it in this thread to keep the thread clean. Remember, google is your friend.

Quoting Bary
You can expect on average to make 15-20 pips on M1. I trade the 95T which is almost the same. Also we average 3-4 trades a day 7-11 am EST, although March has been much slower. Mr Pip posted several charts showing his trades for the day.
  • #3,518
  • Mar 19, 2013 9:39pm Mar 19, 2013 9:39pm
My goal each day is 2% if I am feeling lazy. If not, I'm aiming for 3% - 4% per day. And you're right, compounding interested is an amazing thing.

Quoting BroncoCap
Bary is right. I do not trade waves less than 20 pips (A to B) as the 61.8 and 78.6 levels get precariously close, esp. if the spread widens. 61.8% of 20 is ~12.5 pips which would be my target and the stop is ~3.5 pips. More importantly is the money management aspect. I am only risking 0.5% of my account per trade and, like Bary, I see between 3-6 tradeable waves in the EURUSD per day. Some days more, some days less. But if my reward is ~3.5X my risk, means I have the possibility of netting 1.5% of my account per win, which compounds nicely....
  • #3,519
  • Mar 20, 2013 7:12am Mar 20, 2013 7:12am
Could you kindly post a picture of your 95 tick chart? I'm interested to see what your stop loss would look like. Do you take aggressive C trades or wait in the PRZ? I've been noticing that aggressive C trades have been more profitable than the trades in the Potential Reversal Zone. Well, most times.

I'm interested to see what currency you trade that gives you 15 - 20 pips on M1 charts. I see how that is possible on a 5 minute chart or 15 min chart, depending on the currency pair. I know I couldn't trade on the 1m charts; I couldn't wrap my head around candles coming in that fast.


Quoting Bary
You can expect on average to make 15-20 pips on M1. I trade the 95T which is almost the same. Also we average 3-4 trades a day 7-11 am EST, although March has been much slower. Mr Pip posted several charts showing his trades for the day.
  • #3,520
  • Mar 20, 2013 8:07am Mar 20, 2013 8:07am
Eur/usd 5m in the blue area we have had an abcd pattern that would be a winner ? Taking an aggresive C sell



Best regards
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