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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

  • #4,081
  • May 10, 2013 5:45pm May 10, 2013 5:45pm
Quoting Mr. Pip
{quote} Yes one pip is fine above or below even two is ok. You have to see what is good for you. S/R is always something to be respected and if you find yourself trading into an area with the premise that it will fail you have to keep in mind that it may not. Make sure you have enough room to protect your trade with a breakeven or just skip the setup.
Thank you Mr. Pip! :-)
  • #4,082
  • May 11, 2013 6:10pm May 11, 2013 6:10pm
Quoting ewgcorp
{quote} Hi Mr. Pip, please accept my apologies for all these questions. would it be possible to have a chart example of heavy structure vs. light structure. i would be extrememly grateful to have a chance to see the difference. how many variations/types/degrees of structure is possible?.....i hope this is not an open ended question. best wishes,
Light structure is a resistance/support line, demand/supply zones are support/resistance areas (these zones are structure). There is no heavy structure. It is light because it does not correspond to a demand/supply zone that you would draw, based on experience. If price obeys light structure, it implies that the driving force is weakening , which was explained in this post.
http://www.forexfactory.com/showthread.php?p=6610103&highlight=yellow+arrows#post6610103
  • #4,083
  • May 11, 2013 10:56pm May 11, 2013 10:56pm
Mr Pips, and all who kindly contribute to this thread................
A big thanks for a genius set of strategies and contributions.

I have toured a few threads on FF and tried different systems/strategies - box breakouts - indicator combinations etc etc for 6 months
On Friday I spent 2 hours applying the 'Aggressive C' strategy to various pairs all on M5 TF.
I placed 10 trades:
9 successful vs 1 unsuccessful at an average of +20 pips per trade

The 1 loss was a trade on US/CHF I placed where PA was tracking into 'structure', but I wanted to 'test' a trade that shouldnt have been placed.....so this was a success in is own right.
I would post results and a chart or two but my demo platform froze (apparently you shouldnt have too many charts open?)

I only have an hour or two per day to trade until I fulfill my dream of becoming a professional trader. Do you trade the Aggressive C patterns as they present themselves, or do you wait for Bats, Gartleys etc to form?

Thanks again................heres to enjoyable trading

J
Winning isnt everything but coming second sucks (Charlie Brown)
  • #4,084
  • May 12, 2013 12:26am May 12, 2013 12:26am
Anyone seeing this as a Bullish Gartley? NZDUSD Daily chart.
Please feel free to correct me if it's wrong.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD.jpg Size: 227 KB
  • #4,085
  • May 12, 2013 3:53am May 12, 2013 3:53am
Hi again

Can someone please let me know if Im on the right track.
This is my first 'Bat' attempt.
Technically this is a no entry as price did not break into the fib 161 zone........................I think

Cheers J.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 126 KB
Winning isnt everything but coming second sucks (Charlie Brown)
  • #4,086
  • May 12, 2013 1:34pm May 12, 2013 1:34pm
Quoting kedridder
Anyone seeing this as a Bullish Gartley? NZDUSD Daily chart. Please feel free to correct me if it's wrong. {image}

hey man, everything looks good except accelerating PA towards PRZ, when this happens pattern generally fails in my experience
  • #4,087
  • May 12, 2013 1:44pm May 12, 2013 1:44pm
Quoting Mr. Pip
{quote} This is the proper way to analyze a Bat Pattern. {image}
Awesome work Mr. Pip. i myself have been trading harmonics and ratios for around a year it works like a charm. I really appreciate you work.
Greatness Is Only Achieved By Working Hard... Depends How Bad You Want It!!
  • #4,088
  • May 12, 2013 1:46pm May 12, 2013 1:46pm
Quoting Mr. Pip
{quote} It doesn't matter a Gartley has an ABCD pattern in it most harmonic patterns do. I will say that what you are looking at is not a Gartley pattern and XA are not correct as well can you tell me why you chose that as X?
He chose that as X because it was not his choice but the indicator he is using, alas. Old school is the best.....
Greatness Is Only Achieved By Working Hard... Depends How Bad You Want It!!
  • #4,089
  • May 12, 2013 3:29pm May 12, 2013 3:29pm
Quoting Mr. Pip
Let’s discuss how we apply ratios to swings and begin the process of identifying potential patterns. We will begin with the Gartley that just completed since it’s fresh in our minds. I will do this in a few posts step by step so we go not get confused. The first thing we need to identify is a main swing. This is a swing that is obvious just by looking at it, 100 out of 100 people would have to agree on the high and the low. Once this is identified we have to know that there is a high likelihood that it will at some point become an anchor...
Hello Mr Pip, Well i mostly have been trading the ABCD pattern as i am going through your posts i found out two things one is gartley and one is bat pattern. How are the two different, i am little confused in this can you clear out please.
Greatness Is Only Achieved By Working Hard... Depends How Bad You Want It!!
  • #4,090
  • May 12, 2013 5:38pm May 12, 2013 5:38pm
Quoting FineForex
{quote} hey man, everything looks good except accelerating PA towards PRZ, when this happens pattern generally fails in my experience
Thanks FineForex.
  • #4,091
  • May 12, 2013 6:21pm May 12, 2013 6:21pm
Quoting FineForex
{quote} hey man, everything looks good except accelerating PA towards PRZ, when this happens pattern generally fails in my experience
My bad was looking at wrong post
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #4,092
  • May 12, 2013 6:24pm May 12, 2013 6:24pm
Quoting CNTrader
{quote} My bad was looking at wrong post
lol yeah wasn't sure why you had that bat pic up there.. anyways I didn't make sure the second retracement was 61-78 but eyeing it looked ok.. just giving 2 cents on acceleration on PA ive lost a couple pips due to that phenomenon
  • #4,093
  • May 12, 2013 6:27pm May 12, 2013 6:27pm
lol
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #4,094
  • May 13, 2013 8:55am May 13, 2013 8:55am
Challenging move on EURUSD M1 today. All started with a bearish Gartley. My SL was wrong by 1 pip on the first trade. Then I decided to reenter and second trade closed at breakeven, right before the expected move finally took place :-(
  • #4,095
  • May 13, 2013 11:28am May 13, 2013 11:28am
Quoting dvarrin
Challenging move on EURUSD M1 today. All started with a bearish Gartley. My SL was wrong by 1 pip on the first trade. Then I decided to reenter and second trade closed at breakeven, right before the expected move finally took place :-(
No big deal. Lots of opportunities today tonnes more tomorrow.

Dont' be hard on yourself, sometimes we just need more experience to see whats happening. I find reviewing my screenshots with their comments on the weekend awesome as it helps me self correct things I may not know I'm doing during trade time. Small trade for me today on the big agro C from the spike down. Not a stellar performance considering the # of oportunities but in the black none the less . Cheers.
Finally out of the shadows.
  • #4,096
  • May 13, 2013 11:50am May 13, 2013 11:50am
Quoting gaf
{quote} No big deal. Lots of opportunities today tonnes more tomorrow. Dont' be hard on yourself, sometimes we just need more experience to see whats happening. I find reviewing my screenshots with their comments on the weekend awesome as it helps me self correct things I may not know I'm doing during trade time. Small trade for me today on the big agro C from the spike down. Not a stellar performance considering the # of oportunities but in the black none the less . Cheers.
Hey man, which agro C did you take? I got to the computer later today and only took 1 agro c
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD (233 Tick) 5_13_2013 single aggro C trade.jpg Size: 86 KB
  • #4,097
  • May 13, 2013 12:11pm May 13, 2013 12:11pm
Quoting Starry
{quote} Light structure is a resistance/support line, demand/supply zones are support/resistance areas (these zones are structure). There is no heavy structure. It is light because it does not correspond to a demand/supply zone that you would draw, based on experience. If price obeys light structure, it implies that the driving force is weakening , which was explained in this post. http://www.forexfactory.com/showthread.php?p=6610103&highlight=yellow+arrows#post6610103
hi Starry,

thanking you kindly for your support. I checked the post you refered to, funny thing is as i was reading i remembered i read it before. a cleanly forget. their is much information with Mr. Pip (its like an encyclopedia here ) definatley practise makes perfect.

thank you once again,
choose a job you love and you will never have to work a day in your life
  • #4,098
  • Edited 12:55pm May 13, 2013 12:26pm | Edited 12:55pm
Dear Mr. Pip and traders,

last week i posted this GBUS chart and some of us had lovely discussion about it, i am very happy with the out come since price is at about 1.52900 and i went short at 1.55900 (3000pips). this is massive return, biggest i ever got. very happy and i hope it is more than luck. i still am in the trade. anyhow, i wanted to say is that i am sorry i have not had any input in other patterns. my focus in this time is become profecient in AB=CD, order flow, PA, structure in a manner that i do not think about it. it must be like changing gears in a car...automatic!!!

good luck with your business,
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 1H 9MAY.jpg Size: 105 KB
choose a job you love and you will never have to work a day in your life
  • #4,099
  • May 13, 2013 6:21pm May 13, 2013 6:21pm
Quoting FineForex
{quote} Hey man, which agro C did you take? I got to the computer later today and only took 1 agro c {image}
Hey Fine,

It was the next incomplete leg up on your chart. I missed the down and up (breakfast time here) but caught the top for 8 or so pips anticipating the shallow retrace. It was the agro C of the large leg down. ABCD completion etc good for some pips . Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD (89 Tick) 13_05_20132.jpg Size: 93 KB
Finally out of the shadows.
  • #4,100
  • May 13, 2013 6:27pm May 13, 2013 6:27pm
Quoting ewgcorp
Dear Mr. Pip and traders, last week i posted this GBUS chart and some of us had lovely discussion about it, i am very happy with the out come since price is at about 1.52900 and i went short at 1.55900 (3000pips). this is massive return, biggest i ever got. very happy and i hope it is more than luck. i still am in the trade. anyhow, i wanted to say is that i am sorry i have not had any input in other patterns. my focus in this time is become profecient in AB=CD, order flow, PA, structure in a manner that i do not think about it. it must be like...
Awesome EW!

Glad to hear about your success. Let us know how much of the move you get. It could be epic. Cheers.
Finally out of the shadows.
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