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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

  • #4,001
  • May 3, 2013 7:35am May 3, 2013 7:35am
GM traders. The CurrencyNinjas patent pending Wilson pattern strikes again (inverted style)

Make a great day and may we all make bank
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Don't follow me! You can and most likely will LOSE all your money!!!!
  • #4,002
  • May 3, 2013 8:12am May 3, 2013 8:12am
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!
Here, go to these two posts by mr pip

http://www.forexfactory.com/showthread.php?p=6487491#post6487491
http://www.forexfactory.com/showthread.php?p=6610103#post6610103
  • #4,003
  • May 3, 2013 8:35am May 3, 2013 8:35am
Well ridiculously easy reads this morning. I even got a small trade in. Didn't know about the news. Didn't care about the news. Its all just PA. In fact the one misread was a heads up that something funky was about to happen. I expected the Support @ 8:20 to fail and it held stronger than I thought it should. Then the old "impulse function" (spike up followed by a spike down for you physicists out there) and back to your scheduled PA.

Ending the week on a high note with 3 successful trades compared to last weeks 1 or 2. I was done after the first trade as my ego needs to be taken care of so I wasn't mentally prepared to take on more risk this week. Well off to finish gorging on pancakes.

Hope you all have a great weekend. Thanks Mr. Pip for this wonderful home. Cheers.
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Finally out of the shadows.
  • #4,004
  • May 3, 2013 10:54am May 3, 2013 10:54am
Hey Traders her are a couple of opportunities I'm currently involved with. I'm off for the rest of the day. Enjoy, make a great day and may we all make bank!!
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Don't follow me! You can and most likely will LOSE all your money!!!!
  • #4,005
  • May 3, 2013 1:18pm May 3, 2013 1:18pm
[quote=CNTrader;6655029]{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.....

Hello CNTrader,
You are full of knowledge & wisdom and I enjoy reading your posts very much. The stuff you say here makes so much sense and is something that I need to hear over and over to become a better trader. Thanks for your inputs! Looking forward to reading your posts ( and seeing WILSON...lol)
  • #4,006
  • May 3, 2013 1:23pm May 3, 2013 1:23pm
Interesting, cause I posted a very short, "blunt statement" on "stop hunting" (which is quite blunt anyway, like the market).
No ill intentions whatsoever, on my part.
What came out, is all kinds orf reactions, some very long explanations...and some people laughing at my comment.
I´ve been trading for 15 years, Forex for 10. I´m an expert in EW, (which is just another pattern game),Fibos, and specially Fibos on the time axis.(some traders believe, these are even more important than price Fibos).

No problem if you don´t like the idea of "Big Boys hunting your $".
To be honest, some of the reactions gave me a feeling, people´s dreams where being challenged, by my simple comment.(it wasn´t my intention either).
If anyone is interersted on the subject though, there´s a thread called: "Technical Analysis Fallacy"
The person who started it, is a "professional trainer, for bank and broker traders",( yes the invisible people on the other side of the table.)
Amongst others, he describes in detail, why stop hunting is absolutely necesary for these "institutons".
He also explains the lines and connections from small brokers, to bigger ones, to big banks...all the way to the Fed, who ultimately owns the shop. (The Fed is a private Bank, not a "public institution" like most believe, please Google the facts)
It´s all a simple, yet intricate, wholesale market.
So much for "Big Boys non believers".

Still, I sincerely wish everybody in this great thread, the very best of success...maybe some here, do end up "beataing the House".
Cheers
R
  • #4,007
  • May 3, 2013 8:30pm May 3, 2013 8:30pm
Hey Traders,

Lil market switch up for you..
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  • #4,008
  • May 3, 2013 10:35pm May 3, 2013 10:35pm
Quoting cuchuflito
Interesting, cause I posted a very short, "blunt statement" on "stop hunting" (which is quite blunt anyway, like the market). No ill intentions whatsoever, on my part. What came out, is all kinds orf reactions, some very long explanations...and some people laughing at my comment. I´ve been trading for 15 years, Forex for 10. I´m an expert in EW, (which is just another pattern game),Fibos, and specially Fibos on the time axis.(some traders believe, these are even more important than price Fibos). No problem if you don´t like the...
Yeah, you really opened the pandora box

Hey, it's great all the experience you've got during these years. We all can learn a lot from people like you.

I have read the thread you are talking about, I think is great since it makes you think. I also recommend everyone to read it. I see a lot of people with less than 3 posts, and probably less than 3 months in this thing, trying to know how this or any other system works. The funny thing is that people don't ask themselves how the market works. Truth is that if you have a better understanding of the things that are taking place here and there, you'd go well with any system.
Best time to plant a tree was 20 years ago, second best is now
  • #4,009
  • May 3, 2013 11:07pm May 3, 2013 11:07pm
Quoting Starry
{quote} Here, go to these two posts by mr pip http://www.forexfactory.com/showthread.php?p=6487491#post6487491 http://www.forexfactory.com/showthread.php?p=6610103#post6610103
Thanks Starry that explains a lot
  • #4,010
  • May 5, 2013 10:46am May 5, 2013 10:46am
What do you guys think, overall bullish or bearish? I got in at the middle of the blue circle @ 23.30.
I think before it goes down if it does it will atleast pause one more bar, or break up. The total candle formation doesnt appear bearish enough to me, theres candle rejection to the downside and for the pin bar there is no support to allow price to immediately go down.

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  • #4,011
  • May 5, 2013 5:29pm May 5, 2013 5:29pm
Quoting Starry
What do you guys think, overall bullish or bearish? I got in at the middle of the blue circle @ 23.30. I think before it goes down if it does it will atleast pause one more bar, or break up. The total candle formation doesnt appear bearish enough to me, theres candle rejection to the downside and for the pin bar there is no support to allow price to immediately go down. {image}
Hey Starry,

I see very angry bears on the way down. They appear more committed than the bulls. Longer term structure says bearish current short term structure shows slightly committed bulls. You have 2 tests of resistance(triple bottom to your left) and the gap with a flag like structure and a shooting star which closed slightly bullish after testing Resistance. I would not expect it to hit the 61% retracement of the ABCD as I would be expecting a shallow pullback for a retest or NSL.

Your fill would have been perfect on the hammer retest of the low as you could be at BE if you were getting skittish. These are just my views based on my current skill level. Good luck with your trade! Cheers.
Finally out of the shadows.
  • #4,012
  • May 5, 2013 5:48pm May 5, 2013 5:48pm
Quoting gaf
{quote} Hey Starry, I see very angry bears on the way down. They appear more committed than the bulls. Longer term structure says bearish current short term structure shows slightly committed bulls. You have 2 tests of resistance(triple bottom to your left) and the gap with a flag like structure and a shooting star which closed slightly bullish after testing Resistance. I would not expect it to hit the 61% retracement of the ABCD as I would be expecting a shallow pullback for a retest or NSL. Your fill would have been perfect on the hammer...
The bears are angry
Thanks for your read! Im still slightly bullish on this so im still in the trade, fingers crossed
  • #4,013
  • May 5, 2013 8:34pm May 5, 2013 8:34pm
Quoting CNTrader
Hey Traders her are a couple of opportunities I'm currently involved with. I'm off for the rest of the day. Enjoy, make a great day and may we all make bank!! {image} {image}
Aud/Usd Target 1 attained on butterfly pattern posted Friday. Stops rolled to break even on remaining. Make a great week traders 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!!!!
  • #4,014
  • May 6, 2013 2:29am May 6, 2013 2:29am
Hi All
a couple to watch for me AUD and NZD both 60min charts, not the best day to trade because off Bank Holliday in UK but a good day to do more analysis on higher TF's. Market respects harmonics even on bank Hollidays

Have a good day All
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  • #4,015
  • May 6, 2013 5:47am May 6, 2013 5:47am
Morning all
Here are a couple of trades I have on right now.Hope everyone had a good weekend and has a good week.
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My Little pip gadget only does 5 decimal, that should read 466
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Quoting shadodwel
Wow!!! God, I hope you are trading more than micro lots!!! {quote}
I have a smaller account I play with on the smaller TF's , but all of my Higher TF stuff D,W,M which is 99% of were I trade I use standard accounts
Take Care
Always Learning
  • #4,016
  • May 6, 2013 5:51am May 6, 2013 5:51am
Quoting JayTrader
Morning all Here are a couple of trades I have on right now.Hope everyone had a good weekend and has a good week. {image} My Little pip gadget only does 5 decimal, that should read 466 {image} {quote} I have a smaller account I play with on the smaller TF's , but all of my Higher TF stuff D,W,M which is 99% of were I trade I use standard accounts Take Care
  • #4,017
  • May 6, 2013 7:32am May 6, 2013 7:32am
Quoting Starry
What do you guys think, overall bullish or bearish? I got in at the middle of the blue circle @ 23.30. I think before it goes down if it does it will atleast pause one more bar, or break up. The total candle formation doesnt appear bearish enough to me, theres candle rejection to the downside and for the pin bar there is no support to allow price to immediately go down. {image}
wow..starry...you found a very beautiful chart. the way i see this chart is that you got in right at the bottom. if she moves with confidence then 34 - 36 could be target. but dont take what i say to serious i have got it wrong far many times. i would like to see the EW count on this chart that might give at least direction of trend. I am no EW expert but i would count A/B/C which i think suggests prices higher. if we have AB=CD in this then the chance for up is very good.
choose a job you love and you will never have to work a day in your life
  • #4,018
  • May 6, 2013 7:39am May 6, 2013 7:39am
Quoting CNTrader
{quote} Aud/Usd Target 1 attained on butterfly pattern posted Friday. Stops rolled to break even on remaining. Make a great week traders and may we all continue to make bank {image}
Hey traders GM. Here is the update with updated chart:

All three targets attained. Will be continuing to roll stops to see how much that purty little butterfly wants to give me. She is so puurrrrrty. lol Weak news in China, weak news in Australia with a high likelihood of rate cut, along with a potentially second sell off in gold imminent and this purty little lady should be fun to ride. Looking for some increase in selling with a break below 1.0220 ish area
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Don't follow me! You can and most likely will LOSE all your money!!!!
  • #4,019
  • May 6, 2013 8:04am May 6, 2013 8:04am
Nice CN!
I saw this as an agro C on the 60. Morning is slow so I've been practicing on all TFs. Glad to see you're rolling in it already and its only 9:00 .
Cheers!
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Finally out of the shadows.
  • #4,020
  • May 6, 2013 2:52pm May 6, 2013 2:52pm
Quoting CNTrader
{quote} Hey traders GM. Here is the update with updated chart: All three targets attained. Will be continuing to roll stops to see how much that purty little butterfly wants to give me. She is so puurrrrrty. lol Weak news in China, weak news in Australia with a high likelihood of rate cut, along with a potentially second sell off in gold imminent and this purty little lady should be fun to ride. Looking for some increase in selling with a break below 1.0220 ish area {image}
Very nice CN
You've been kicking A$$ and taking names lately......
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