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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

  • #3,981
  • May 2, 2013 6:17am May 2, 2013 6:17am
Morning All
Here is a trade I caught this morning on EU 15m

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Quoting JayTrader
AUDNZD ABCD Aggressive C Trade I took the other day will probably move to BE by End of the Day {image}
And I just took this trade off because it looked like it was running out of steam. Trade took about 40 days, and ended up with right at 1100 pips.

Take Care
Always Learning
  • #3,982
  • May 2, 2013 6:22am May 2, 2013 6:22am
Quoting JayTrader
Morning All Here is a trade I caught this morning on EU 15m {image}{image} {quote} And I just took this trade off because it looked like it was running out of steam. Trade took about 40 days, and ended up with right at 1100 pips. Take Care
Nice trading
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #3,983
  • May 2, 2013 6:23am May 2, 2013 6:23am
Quoting gaf
Random movements my ass . Two quick trades for the day. Thanks to starry for pointing out the 3 push idea. I used it today to confirm this mornings top. I missed quite a few as the pa was fast but I caught a small scalp up to the 38% and light structure avoiding the ride down and keeping some profit for a 2:1 and 1.2:1 RR. Hope you all make bank, I know CN and Mr. Pip will. Cheers. {image}

You 2 Gaf WTG!!
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #3,984
  • May 2, 2013 6:36am May 2, 2013 6:36am
Wow!!! God, I hope you are trading more than micro lots!!!

Quoting JayTrader
Morning All Here is a trade I caught this morning on EU 15m {image}{image} {quote} And I just took this trade off because it looked like it was running out of steam. Trade took about 40 days, and ended up with right at 1100 pips. Take Care
  • #3,985
  • May 2, 2013 6:43am May 2, 2013 6:43am
Nice alternative bat there. Did you take the trade from point C as it broke the 50 fib retracement? I love trading all the patterns, well, except Gartley patterns. My favorites are the bats, and the shark.

Good luck in your trading. I wish you many pips!

Quoting CNTrader
{quote} Eur/Usd Target 1 was attained. I banked 80% and will now wait until the press conference and price behavior to decide what to do with the remaining position. Patience is needed with these pattern set ups so lets see what happens. Good luck Good day. May we all make bank!! {image}
  • #3,986
  • May 2, 2013 7:23am May 2, 2013 7:23am
Quoting shadodwel
Nice alternative bat there. Did you take the trade from point C as it broke the 50 fib retracement? I love trading all the patterns, well, except Gartley patterns. My favorites are the bats, and the shark. Good luck in your trading. I wish you many pips! {quote}
Hmmmmmm not sure what your asking think and assuming your asking about a long that led up to the Bat pattern but not sure so if that is your question then my answer is no i did not. Instead I drilled down to the 15m chart to find my entry and traded my patent pending Wilson pattern (please dont ask I will not share the rules on this pattern), whereby I waited for that break and then the stop drop and rise. My long entry was the break of the TL you see and my TP was just ahead of the bat pattern completion PRZ that i had highlighted where I then reversed the trade.

If that is not your question well then I think the answer is obvious just by looking at my chart where I took the short.

Warning do not try to trade the patent pending Wilson pattern on your own it could be detrimental to your account and you will most likely lose all your money!!!!

Enjoy, have fun, do your DD, trade your plan, make a great day, and may we all continue to make bank!!
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Don't follow me! You can and most likely will LOSE all your money!!!!
  • #3,987
  • May 2, 2013 7:50am May 2, 2013 7:50am
Quoting CNTrader
Hey Traders just having some fun with the GBP/USD charts. Here is some Harmonic analysis and areas I have my eyes on. Enjoy!! Off to get some shut eye for a bit!! {image}
Anyone remember this? Target 2 attained and price behavior gets interesting right in line with the fundamental catalysts this week. Here is an updated chart. Enjoy!
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Don't follow me! You can and most likely will LOSE all your money!!!!
  • #3,988
  • May 2, 2013 8:06am May 2, 2013 8:06am
All 3 targets attained. exit according or roll stops according to your plan!!

Ok Traders that's it for me unless i get the sudden urge to share more of what I see. Damn I think I deserve a vouch just for sharing so damn much on someone else's thread hahahaha. Anyway enjoy the rest of your day everyone and as always may we all make bank!!
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Don't follow me! You can and most likely will LOSE all your money!!!!
  • #3,989
  • May 2, 2013 9:30am May 2, 2013 9:30am
Yes, that's exactly what I was talking about, the BAMM breakout at point B leading to point C. I knew you took the short in the reversal zone.

I like the sketch of Wilson.

Quoting CNTrader
{quote} Hmmmmmm not sure what your asking think and assuming your asking about a long that led up to the Bat pattern but not sure so if that is your question then my answer is no i did not. Instead I drilled down to the 15m chart to find my entry and traded my patent pending Wilson pattern (please dont ask I will not share the rules on this pattern), whereby I waited for that break and then the stop drop and rise. My long entry was the break of the TL you see and my TP was just ahead of the bat pattern completion PRZ that i had highlighted where...
  • #3,990
  • May 2, 2013 10:06am May 2, 2013 10:06am
Quoting buyorsell
Hi Mr Pip and all traders Im still learning this strategy and wanted to ask more experienced guys for more info about order flow and few examples would be great. Have a good trading all!
Hey Buy,

Welcome. Orderflow is a fancy name for trend. Price follows both short and longterm orderflow which affords us both long and short opportunities in every market an any time. Its when we get a confluence of factors that overwhelming suggest future direction that we place trades. You will have to read through to get the nuggets regarding how to determine orderflow but they are often mentioned indirectly. A good place to start is with higher highs and lower lows. There's more to it but that will get you started. Hope this helps. Cheers.
Finally out of the shadows.
  • #3,991
  • May 2, 2013 10:33am May 2, 2013 10:33am
Hello everyone and Hello Mr Pip.

I am new here and I try to learn this strategy as well.
it would be great if experianced traders could post their futur pattern that have not be formed already, so we can learn from them and correct ours also.

I will post my chart for correction if you guys dont mind.
  • #3,992
  • May 2, 2013 11:06am May 2, 2013 11:06am
Quoting CNTrader
All 3 targets attained. exit according or roll stops according to your plan!! Ok Traders that's it for me unless i get the sudden urge to share more of what I see. Damn I think I deserve a vouch just for sharing so damn much on someone else's thread hahahaha. Anyway enjoy the rest of your day everyone and as always may we all make bank!! {image}
Hey CNTrader i took almost the same trade but got stopped out as my stop was a few pips above the high of the bat, I was actually skeptical about this pattern because of the strong Bullish 4h candle close during my entry. Where was your stop, or what made you not close the position after it closed the high. Thnx
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  • #3,993
  • May 2, 2013 11:14am May 2, 2013 11:14am
Hey guys these are some harmonics trades im still currently holding on to.
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  • #3,994
  • May 2, 2013 8:24pm May 2, 2013 8:24pm
Quoting SteeP7
{quote} Hey CNTrader i took almost the same trade but got stopped out as my stop was a few pips above the high of the bat, I was actually skeptical about this pattern because of the strong Bullish 4h candle close during my entry. Where was your stop, or what made you not close the position after it closed the high. Thnx {image}
I have already posted the reasons for this at http://www.forexfactory.com/showthread.php?p=6651850#post6651850 please kindly review for answers to your question. It basically boils down to understanding the price behavior that was taking place at the time. You mentioned you were skeptical about the pattern to begin with and therefore that skepticism most likely moved you to act and place your stop the way you did. The skepticism may have been a result of a deficiency in your research and development or just a lack of knowledge about a multiple of factors not the least of which could be what I refer to as price behavior which for my purposes is more then just price action. If you go back and actually read what I posted take note of what I say about the placement of stops. Another note that bears mentioning is that put simply if I'm ever in a position to make a decision and I'm skeptical then I just move on to the next opportunity. It takes discipline and confidence in what you have built through your R&D as well as a conscious understanding that there is always another trade opportunity just around the corner. If its not clear then just move on. Too many times people get emotional about trading and feel like they will miss out and that's exactly the type of behavior that will blow an account or prevent someone from being anything other then a break even trader. I was confident in the price behavior I saw and just waited patiently for the trade to develop. I'm confident in my years of research and development of my entire portfolio of trade strategies that I developed and employ and also have a very good MM system that is both flexible and deadly. I pick my spots, know when to go ballz deep and when to lighten it up if need be depending on set up and environment. Anyway although I don't and won't go into too many details about what i do or how I do it other then what I share, you should be able to get the general idea why I allowed my trade to develop and play out. I'll leave it at that and please don't take anything I say the wrong way its nothing personal just answering the question the way I'm willing to do at the moment. I hope this helps and may you continue to make good progress and as always make bank!!
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #3,995
  • May 2, 2013 9:28pm May 2, 2013 9:28pm
Quoting CNTrader
{quote} I have already posted the reasons for this at http://www.forexfactory.com/showthread.php?p=6651850#post6651850 please kindly review for answers to your question. It basically boils down to understanding the price behavior that was taking place at the time. You mentioned you were skeptical about the pattern to begin with and therefore that skepticism most likely moved you to act and place your stop the way you did. The skepticism may have been a result of a deficiency in your research and development or just a lack of knowledge...
The stop on the bat and gartley i always place in the same place. But you're right if i felt skeptical i shouldn't have taken the trade. At the time the 4h candle warned me the bullish momentum at the moment was still strong enough to go a bit more.
  • #3,996
  • May 2, 2013 9:49pm May 2, 2013 9:49pm
Quoting CNTrader
Hello again traders. Here a little something on the Eur/Gbp that i will share before I get some shut eye for the night. The charts should speak for itself. I have removed the fib ratios to make the pic a little clearer but if you want to then just pull it up on your chart and do the measurements for yourself and consider this a little cheat sheet lol. Also for a clearer picture of the 15m shark scroll to the 15m chart on your charts and check it out. It's there lol. Anyway Enjoy, have fun, make a great day and as always lets all make Bank!!...
Update: Well that was fun with a little help from our friends at the ECB lol. So the 15m bearish shark never materialized but the the neckline had a nice break off the H&S pattern and all three targets were hit. What's next? Stay tuned time will tell!!
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Don't follow me! You can and most likely will LOSE all your money!!!!
  • #3,997
  • May 2, 2013 9:51pm May 2, 2013 9:51pm
GBP/CHF daily chart gartley pattern?

http://i.imgur.com/pMFH9Mi.png

PS: I am not an apprentice of harmonics yet. Someone please reply.
  • #3,998
  • May 2, 2013 10:14pm May 2, 2013 10:14pm
Quoting darksorrow
GBP/CHF daily chart gartley pattern? {image} PS: I am not an apprentice of harmonics yet. Someone please reply.

Ok I'm tired so I'll reply with this then I'm off to get some shut eye. This what I have put out and what I have my eyes on for that pair. Not saying your is no good just saying this is what I'm looking at and will have my attention when and if price gets to these levels. Always trade your plan. Enjoy!! Good luck, Good trading and may we all make bank
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Don't follow me! You can and most likely will LOSE all your money!!!!
  • #3,999
  • May 2, 2013 11:30pm May 2, 2013 11:30pm
Quoting CNTrader
{quote} Ok I'm tired so I'll reply with this then I'm off to get some shut eye. This what I have put out and what I have my eyes on for that pair. Not saying your is no good just saying this is what I'm looking at and will have my attention when and if price gets to these levels. Always trade your plan. Enjoy!! Good luck, Good trading and may we all make bank {image}
Thank you
  • #4,000
  • May 3, 2013 2:37am May 3, 2013 2:37am
Quoting darksorrow
GBP/CHF daily chart gartley pattern? {image} PS: I am not an apprentice of harmonics yet. Someone please reply.
If you are trading according to Mr.Pip’s rules of engagement then this is not a valid Gartley pattern. The B leg of the Gartley pattern did not retrace high enough, should have retraced into the 61.80%-78.60% zone.
Below is an attachment of how the Gartley pattern should look like.
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