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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

  • #4,141
  • May 19, 2013 5:32pm May 19, 2013 5:32pm
Quoting shahtijani
Upcoming opportunity in Eur/Usd M15 keep your eyes open. Bearish Bat with High confluence PRZ zone.... {image}

Ohhhh. Price just came near but did not hit the PRZ zone, It just reached near 127.20 FE not even exact anyways will be waiting for more formations. Lets wait n watch...
Greatness Is Only Achieved By Working Hard... Depends How Bad You Want It!!
  • #4,142
  • May 19, 2013 5:39pm May 19, 2013 5:39pm
Very much enjoyed reading some of your Thread today Mr. Pips!

I feel I need to improve in my HP and this diff. looks like the right place!

I need a bit more time reading the Thread to have any proficiency, for sure...

Was wondering if this is valid on EUR/USD D1, ( I think, all criteria is meet)Bullish Butterfly....?Any imput by yourself or any of your regulars here..? (Beat me up, I can take it)

Best Regards!
Attached Image (click to enlarge)
Click to Enlarge Name: eud1 butterfly.PNG Size: 59 KB
  • #4,143
  • May 19, 2013 5:51pm May 19, 2013 5:51pm
Quoting Chillypiper
Very much enjoyed reading some of your Thread today Mr. Pips! I feel I need to improve in my HP and this diff. looks like the right place! I need a bit more time reading the Thread to have any proficiency, for sure... Was wondering if this is valid on EUR/USD D1, ( I think, all criteria is meet)Bullish Butterfly....?Any imput by yourself or any of your regulars here..? (Beat me up, I can take it) Best Regards! {image}
Hello chiill,

Well i think it is the D point where we decide to pull the trigger aint we??? or is it some other teaching that has not been read by me???
Greatness Is Only Achieved By Working Hard... Depends How Bad You Want It!!
  • #4,144
  • May 19, 2013 5:54pm May 19, 2013 5:54pm
Quoting shahtijani
{quote} Hello chiill, Well i think it is the D point where we decide to pull the trigger aint we??? or is it some other teaching that has not been read by me???
I think hes trading support/resistance, and I think mr pip does the same, but yeah definitely this wasn't a butterfly trade since it is at D we pull the trigger. I see he has a trend line on there, yellow line.
  • #4,145
  • May 19, 2013 5:58pm May 19, 2013 5:58pm
Quoting shahtijani
{quote} Hello chiill, Well i think it is the D point where we decide to pull the trigger aint we??? or is it some other teaching that has not been read by me???
Hi, I must be missing huge too, if we don't buy low, sell high then my friend..
  • #4,146
  • May 19, 2013 6:11pm May 19, 2013 6:11pm
Quoting Starry
{quote} I think hes trading support/resistance, and I think mr pip does the same, but yeah definitely this wasn't a butterfly trade since it is at D we pull the trigger. I see he has a trend line on there, yellow line.
Maybe I have my labeling wrong here... THX for the imput Starry!

H/L to 50% (close no higher)the retrace to 68.1 (no further than the 78.6)

Give's a target to FE 121.2/1.61.8 ....

This is what I have drawn...Give me a bit to get up to speed here folks....

And, Yes Yellow in S/R and trade PA almost exclusively.
  • #4,147
  • May 19, 2013 6:11pm May 19, 2013 6:11pm
Quoting Chillypiper
{quote} Hi, I must be missing huge too, if we don't buy low, sell high then my friend..
D1 TF means huge in itself. But i think till you achieve D point in Daily better keep pipping in lower time frames,
Greatness Is Only Achieved By Working Hard... Depends How Bad You Want It!!
  • #4,148
  • May 19, 2013 6:14pm May 19, 2013 6:14pm
Exactly starry if you trading S/R Chilly then definitely you will have multiple reasons to go in. I was basing my comment in harmonics since this thread is basically based on Harmonics And ratios. Personally i also do trade S/R, i mean the regular price action setups by using trendlines, S/R, Pivots, Candle Stick Patterns. Etc ETc. It has its own way in building up confluence. Best of luck bro
Greatness Is Only Achieved By Working Hard... Depends How Bad You Want It!!
  • #4,149
  • May 19, 2013 6:22pm May 19, 2013 6:22pm
Quoting shahtijani
{quote} D1 TF means huge in itself. But i think till you achieve D point in Daily better keep pipping in lower time frames,
I chart form Monthly to 15m at the start of every week.. I like knowing were we're at for a poss. runner..
  • #4,150
  • Edited 6:37pm May 19, 2013 6:25pm | Edited 6:37pm
Quoting Chillypiper
{quote} Maybe I have my labeling wrong here... THX for the imput Starry! H/L to 50% (close no higher)the retrace to 68.1 (no further than the 78.6) Give's a target to FE 121.2/1.61.8 .... This is what I have drawn...Give me a bit to get up to speed here folks.... And, Yes Yellow in S/R and trade PA almost exclusively.
Hey, what you have drawn is actually not a buttefly. In butterflies, the D point exceeds the X point. Ive attached the document which describes the harmonic patterns.

What you have drawn is a bearish bat, except in this case, on my chart, you can see that the C point traces to slightly below 78.6, so technically it is not a bat. Each harmonic pattern has an abcd pattern in it. When we say "I am trading a bearish bat", this implies that I am shorting at the D point. In your case, you are trading an aggressive ABCD pattern, which means that you are trading the C point by buying. In this case, the ABCD pattern is inside the possible bearish bat.

But i think what you have there is a valid trade, just my 2 cents. As long as you have confluence.....

I think somewhere in this thread, they mention AB = CD patterns, and all this means is that the C point retraces to a fibonacci level that is not in the 61.8-78.6 range. An ABCD technically retraces to the 61.8-78.6 range. But I think people here now use the general term ABCD to refer to any retracement level, not sure....
Attached Image (click to enlarge)
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Attached File(s)
File Type: docx DCASTFX Advance Pattern Reference Guide.docx   609 KB | 476 downloads
  • #4,151
  • May 19, 2013 6:44pm May 19, 2013 6:44pm
Quoting Starry
{quote}What you have drawn is a bearish bat, except in this case, on my chart, you can see that the C point traces to slightly below 78.6, so technically it is not a bat. Each harmonic pattern has an abcd pattern in it. When we say "I am trading a bearish bat", this implies that I am shorting at the D point. In your case, you are trading an aggressive ABCD pattern
Thanks a bunch! Ya, my fib must have floated on me ( my mistake). And also the wrong term.. So, what I've read so far too, as you said . this would invalidate the ABCD ( close below 78.6)..


Thank again, back to work!

And for the Guide too!
  • #4,152
  • May 19, 2013 6:47pm May 19, 2013 6:47pm
Nice Scalp Gold
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Greatness Is Only Achieved By Working Hard... Depends How Bad You Want It!!
  • #4,153
  • Edited 7:00pm May 19, 2013 6:49pm | Edited 7:00pm
Quoting Chillypiper
{quote} Thanks a bunch! Ya, my fib must have floated on me ( my mistake). And also the wrong term.. So, what I've read so far too, as you said . this would invalidate the ABCD ( close below 78.6).. Thank again, back to work!
Yep, a close below 78.6 would invalidate the ABCD ..... However, i think there is an error of margin for bat patterns, on the daily might be 20 or so pips i dont know, if it goes up from here you could still have a possible bat ... for aggressive abcd trades, i dont think theres a margin for error, though in this case you might have traded it, if u liked the Price Action , since it did close in the 61.8-78.6 zone ....

There is also a general confluence trade, where you have a confluence of harmonics ... but in this case i dont see it, just the diagonal yellow line. I know mr pip said he sometimes uses trend lines as confluence (in the first post i think), but it has never been mentioned, though i think CNtrader recently drew something similar to trend liens in one of his charts..... never mentioned anything about it
  • #4,154
  • May 19, 2013 7:04pm May 19, 2013 7:04pm
Quoting shahtijani
Nice Scalp Gold {image}
gold better go up! on the longer timeframe that is. up up up up up up up
  • #4,155
  • May 19, 2013 7:08pm May 19, 2013 7:08pm
Quoting Starry
{quote} gold better go up! on the longer timeframe that is. up up up up up up up
Agreed . Gold is near a bottom, lets wait n watch
Greatness Is Only Achieved By Working Hard... Depends How Bad You Want It!!
  • #4,156
  • May 19, 2013 7:21pm May 19, 2013 7:21pm
Hey Starry,

That first trade is calling your name! Did you get any of those easy 34 pips? I've just got here as we're watching the hockey game. Don't usually trade at night but thought I'd get some practice . Hope there is more to come. Cheers.
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Finally out of the shadows.
  • #4,157
  • May 19, 2013 7:28pm May 19, 2013 7:28pm
Quoting gaf
Hey Starry, That first trade is calling your name! Did you get any of those easy 34 pips? I've just got here as we're watching the hockey game. Don't usually trade at night but thought I'd get some practice . Hope there is more to come. Cheers. {image}
Awesome
Greatness Is Only Achieved By Working Hard... Depends How Bad You Want It!!
  • #4,158
  • Edited 9:10pm May 19, 2013 8:38pm | Edited 9:10pm
Quoting shahtijani
Winnings Today. A BAT PATTERN was formed on M15 of Eur/Jpy i was in this trade and enjoyed it a lot. Thanks to Mr. Pip {image}
Study this so you don't get the Bat confused with a butterfly or something crazy like that lol
Attached Image
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  • #4,159
  • May 19, 2013 8:43pm May 19, 2013 8:43pm
Hey traders how yall doin? Seems like there is some life coming back to the thread. Maybe I'll start sharing again soon. Remember this? Boy that was a fun ride down eh?. Enjoy, have fun, make a great week and lets all make bank!!
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Don't follow me! You can and most likely will LOSE all your money!!!!
  • #4,160
  • May 19, 2013 8:48pm May 19, 2013 8:48pm
Quoting Chillypiper
{quote} Maybe I have my labeling wrong here... THX for the imput Starry! H/L to 50% (close no higher)the retrace to 68.1 (no further than the 78.6) Give's a target to FE 121.2/1.61.8 .... This is what I have drawn...Give me a bit to get up to speed here folks.... And, Yes Yellow in S/R and trade PA almost exclusively.
Take your time Chilly no worries. Glad your here. Welcome aboard.
Don't follow me! You can and most likely will LOSE all your money!!!!
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