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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

  • #3,941
  • Apr 25, 2013 2:09pm Apr 25, 2013 2:09pm
Thanks Bronco, I'll look into your suggestion. Obviously can't get everything for free, but it would be nice
  • #3,942
  • Apr 25, 2013 2:22pm Apr 25, 2013 2:22pm
Quoting Sossos
Thanks Bronco, I'll look into your suggestion. Obviously can't get everything for free, but it would be nice
It's very straight forward:
1. Create a demo account on MBT
2. Make sure that you download one of their trading platforms. You won't be using it, but if you don't you will have problems getting Ninja Trader to work.
3. Follow this (http://www.ninjatrader.com/ConnectionGuides/MBTrading-Connection-Guide) guide explaining how to add the MBT account details to Ninja Trader.
  • #3,943
  • Apr 25, 2013 2:23pm Apr 25, 2013 2:23pm
Quoting itinerant
{quote} I took it, and am still in. I was expecting to see price stall around the 1.30275 mark (38.2% plus previous resistance/resistance point) but as always, time will tell. A minature bat on USD/JPY (M1) showing just how accurate that pattern can be... bang on the money for 0.886XA {image}
Awesome Itinerant.

The reversal happened @ 1.3017 which is 61% of the larger swing down on my chart. Need more action to see if we get a LH or a HL for more up hope you make bank.
Finally out of the shadows.
  • #3,944
  • Apr 25, 2013 2:28pm Apr 25, 2013 2:28pm
Quote
I'm paying $119.00 amonth at Trade Navigator and I see that Ninja Trader is free. Anybody have an opinion on Ninja and which broker to use?
Also wondering if the Ninja upgrades are worth it, if all your doing is drawing retracements, extensions, trendlines and boxes.

I'm new to this thread and I also use Trade Navigator. I was wondering what data provider you folks use to recieve tick data on the forex pairs as that is not a service that Trade Navigator provides. Thanks in advance for the help.

Very interesting thread btw Mr. Pip. I'm very much enjoying reading through the posts from the beginning. I've watched all of the video's so far and about 3/4 of the way through the book. It's been very helpful that a few of the members have gone out of their way to condense the more important posts in a few spots. Thanks for that, to those that put in the work.
  • #3,945
  • Apr 25, 2013 8:05pm Apr 25, 2013 8:05pm
This is a beautiful video. Fibonacci is God's fingerprint.

http://www.youtube.com/watch?v=kkGeOWYOFoA
Best time to plant a tree was 20 years ago, second best is now
  • #3,946
  • Apr 26, 2013 12:16am Apr 26, 2013 12:16am
Quoting horuxito
This is a beautiful video. Fibonacci is God's fingerprint. http://www.youtube.com/watch?v=kkGeOWYOFoA

oh god how beautiful, and how come some pepole dont believe in god. :-(
  • #3,947
  • Apr 26, 2013 8:01am Apr 26, 2013 8:01am
Quoting horuxito
This is a beautiful video. Fibonacci is God's fingerprint. http://www.youtube.com/watch?v=kkGeOWYOFoA
Great video thanks for posting it.
If you fail to plan, you plan to fail.
  • #3,948
  • Apr 26, 2013 8:03am Apr 26, 2013 8:03am
Hello Traders,

I am very please to see how the thread has been moving. Keep it up and keep practicing.
If you fail to plan, you plan to fail.
  • #3,949
  • Apr 26, 2013 9:35am Apr 26, 2013 9:35am
Hey Traders here are a couple of Harmonic pattern potential scenarios on Eur/Jpy 1 hr chart. Enjoy and may we all continue to make bank!!
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.gif Size: 80 KB
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #3,950
  • Apr 28, 2013 6:40pm Apr 28, 2013 6:40pm
Quoting horuxito
This is a beautiful video. Fibonacci is God's fingerprint. http://www.youtube.com/watch?v=kkGeOWYOFoA
beautiful video!
  • #3,951
  • Apr 29, 2013 12:51am Apr 29, 2013 12:51am
Attached Image (click to enlarge)
Click to Enlarge Name: hoyohoybuloy.png Size: 79 KB


waiting for this pattern to form







for educational purpose only
  • #3,952
  • Apr 29, 2013 3:51am Apr 29, 2013 3:51am
Quoting gaf
{quote} Hey Good! I would have taken that trade for other reasons. I didn't look out to see it was an agro C. If you look at my chart in post 3932 I arrived back to see a double bottom on stalling swings. I should have just entered but I arrived late and I like to do my projections. It lines up with smaller previous support which failed to become R. You have a 127% extension off the medium swing, 161% of the final small abcd, so I noted that I would target the 61% or nearest swing H to that fib if I entered. The first sloppy leg made it up...
Gaf, thanks for sharing your analysis on this trade! I usually don’t trade long term, but I was analyzing eur from a bird’s eye view and saw this opportunity.
I closed my position before the weekend, because of potential price gaps and I do not like having positions open during the weekend.
For what it’s worth, below I will post the progress of this trade. It looks like price is almost about to hit my target point. This area could potentially be an area of reversal. (btw, the yellow line does not necessarily indicate resistance, it’s the latest top at that price level)
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD (95 Tick) 29-4-2013.jpg Size: 135 KB
"The only thing I’m addicted to right now is winning."
  • #3,953
  • Apr 29, 2013 7:36am Apr 29, 2013 7:36am
Hey Traders here is a Pattern that has my attention this morning. Enjoy, Make a great day and lets all make Bank today!!
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf 1hr.gif Size: 64 KB
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #3,954
  • Apr 29, 2013 8:15am Apr 29, 2013 8:15am
Quoting CNTrader
Hey Traders here is a Pattern that has my attention this morning. Enjoy, Make a great day and lets all make Bank today!! {image}

My first Target is attained for 30 pips and stops rolled to BE.
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf 1hr.gif Size: 66 KB
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #3,955
  • Apr 29, 2013 12:03pm Apr 29, 2013 12:03pm
Awesome CN you always have such nice patterns!

Are your entries on limit before the patterns finish or do you zoom in to get a good fill in your zone. You mentioned that your BE is @ 30. Do you eyeball your stop if price goes against you or is it dictated by the pattern as well. You post some killer trades. Thanks for your input! Cheers.
Finally out of the shadows.
  • #3,956
  • Apr 29, 2013 1:39pm Apr 29, 2013 1:39pm
Quoting gaf
Awesome CN you always have such nice patterns! Are your entries on limit before the patterns finish or do you zoom in to get a good fill in your zone. You mentioned that your BE is @ 30. Do you eyeball your stop if price goes against you or is it dictated by the pattern as well. You post some killer trades. Thanks for your input! Cheers.

HI CN I just wana ask You why did you say that this a BAT it did even touch the 50% retracement?
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf-h1-.png Size: 72 KB



For educational Purpose only!!
  • #3,957
  • Apr 29, 2013 1:43pm Apr 29, 2013 1:43pm
Quoting Mr. Pip
Hello Traders, I am very please to see how the thread has been moving. Keep it up and keep practicing.

Hi Mr.Pips first of all thnx for this wonderlful thread , MAY I ask when are you gona give us the remaining rules for the ,
BAT, Gartley and buterfly ?


thnx in advance
  • #3,958
  • Apr 29, 2013 3:20pm Apr 29, 2013 3:20pm
UC H1 next setup. Just my opinion.

Regards
dynel
Attached Image (click to enlarge)
Click to Enlarge Name: uch1bullishaltbatteie6.png Size: 66 KB
  • #3,959
  • Apr 29, 2013 6:14pm Apr 29, 2013 6:14pm
Quoting Forexbuster
{quote} HI CN I just wana ask You why did you say that this a BAT it did even touch the 50% retracement? {image} For educational Purpose only!!
Although I have no desire to use this as a forum for training my methods, style, or rules of engagement for taking trades or exiting trades I will say this much:

A Bat pattern does not have to touch a 50% retrace to be a Bat pattern. However if that is a rule that you must have in order for it to be a valid trade for you to take then I would say trade your plan and your rules and ignore the ones that dont meet your criteria. I would also suggest that you google harmonic patterns if you desire to learn about them and trade them. Read the books and do your due diligence and research and development to become a better trader and have a better understanding of the multiple factors that go into what makes a trade a better trading opportunity then another. Books by Scott Carney is a good place to start but remember that nothing will be a stronger confirmation for you then doing your own research and due diligence to find what will work for you. Also Mr Pip I believe has posted some of his rules and concepts into what works for him you could study those as well. I'm not sure as I have not looked at them myself but many people on this thread have stated that they have become better traders following his rules. But remember those are his rules for him that he has most likely developed through his own due diligence and if you desire to trade by those rules you still have a responsibility to do your due diligence, research and development and take ownership of your own trading decisions. I am happy to contribute at this forum and share some things that I am looking at and potentially looking to get involved with but I do not have the desire to use this as a forum to train. I Use a different forum for that for a small group of traders who qualify and just do not have the time to spend here doing it. I do not mean to offend anyone and hope you can understand. I wish everyone success and hope everyone who desires to trade the currency market can find their way and what works for them and may we all make bank!!
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #3,960
  • Apr 29, 2013 6:29pm Apr 29, 2013 6:29pm
Quoting gaf
Awesome CN you always have such nice patterns! Are your entries on limit before the patterns finish or do you zoom in to get a good fill in your zone. You mentioned that your BE is @ 30. Do you eyeball your stop if price goes against you or is it dictated by the pattern as well. You post some killer trades. Thanks for your input! Cheers.
Hey Gaf your very welcome glad you are enjoying what I've been sharing. I've said in the past on this thread that i like to see a confluence of factors when deciding to enter a trade and I also like to see the same thing when I exit. I never enter or exit a trade based only on the appearance of a pattern. That's about all I'll say on the matter as I don't want to use this thread as a forum to train or teach. I'll leave that up to Mr Pip to handle here. Thanks for the kind words and may you continue to progress and make bank!!
Don't follow me! You can and most likely will LOSE all your money!!!!
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