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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

  • #4,321
  • Jun 5, 2013 6:07am Jun 5, 2013 6:07am
Good Morning traders here is a look at the Gbp/Usd 4hr chart. Nice harmonic opportunities for those looking for reasons to short and make bank.

Enjoy, have fun, make a great day, do your Due diligence, trade your plan, and may we all make bank (http://www.forexfactory.com/#)

Attached Image (click to enlarge)
Click to Enlarge Name: GU 4hr.gif Size: 69 KB
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #4,322
  • Jun 5, 2013 6:28am Jun 5, 2013 6:28am
Quoting CNTrader
Good Morning traders here is a look at the Gbp/Usd 4hr chart. Nice harmonic opportunities for those looking for reasons to short and make bank. Enjoy, have fun, make a great day, do your Due diligence, trade your plan, and may we all make bank (http://www.forexfactory.com/#) {image}

We will see. Similar set up on CHF, but better structure.
Attached Image (click to enlarge)
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #4,323
  • Jun 5, 2013 6:46am Jun 5, 2013 6:46am
Quoting Mr. Scott
{quote} We will see. Similar set up on CHF, but better structure. {image}

Hey Mr Scott good to see you hanging around. Ive provided a more appropriate location for the start of X on the chart for a butterfly completion instead of what your showing. Hope it helps.

Attached Image (click to enlarge)
Click to Enlarge Name: GbpUsd.gif Size: 78 KB


Enjoy, have fun, make a great day, do your Due diligence, trade your plan, and may we all make bank (http://www.forexfactory.com/#)
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #4,324
  • Jun 5, 2013 6:56am Jun 5, 2013 6:56am
Quoting Mr. Scott
{quote} We will see. Similar set up on CHF, but better structure. {image}

Then of course there is always this scenario on 4hr

Attached Image (click to enlarge)
Click to Enlarge Name: GU 4hr.gif Size: 78 KB


or this on the Daily
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 71 KB


Enjoy, have fun, make a great day, do your Due diligence, trade your plan, and may we all make bank (http://www.forexfactory.com/#)
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #4,325
  • Jun 5, 2013 6:59am Jun 5, 2013 6:59am
And the of course never forget this lol

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 80 KB
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  • #4,326
  • Jun 5, 2013 8:20am Jun 5, 2013 8:20am
Hey traders here is another chart I'm watching closely

Attached Image (click to enlarge)
Click to Enlarge Name: GbpCad.gif Size: 69 KB


Enjoy, have fun, make a great day, do your Due diligence, trade your plan, and may we all make bank (http://www.forexfactory.com/#)
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #4,327
  • Jun 5, 2013 8:26am Jun 5, 2013 8:26am
Here is what I'm looking at on Nzd/Usd as well

Attached Image (click to enlarge)
Click to Enlarge Name: NzdUsd.gif Size: 50 KB


Enjoy, have fun, make a great day, do your Due diligence, trade your plan, and may we all make bank (http://www.forexfactory.com/#)
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #4,328
  • Jun 5, 2013 3:36pm Jun 5, 2013 3:36pm
Pardon me to intrude but I am looking for a MT4 harmonic indicator like ZUP But I only want the .618 .786 1 1.272 1.618 ratios to show. Is it possible to get the 1.272 and 1.618 extension lines to be drawn before the market hits these levels. That would be a great feature. Many pips to all !
Thanks in advance.
  • #4,329
  • Jun 5, 2013 4:19pm Jun 5, 2013 4:19pm
Quoting Pippipy
Pardon me to intrude but I am looking for a MT4 harmonic indicator like ZUP But I only want the .618 .786 1 1.272 1.618 ratios to show. Is it possible to get the 1.272 and 1.618 extension lines to be drawn before the market hits these levels. That would be a great feature. Many pips to all ! Thanks in advance.
hmm im not sure but i dont think many if any at all use the zup indicator. Mr pip indicated he didnt suggest such indicators because it doesnt work without knowing what the patterns mean, and having experience focusing on order flow, price action, and structure. sorry .....
  • #4,330
  • Jun 5, 2013 4:30pm Jun 5, 2013 4:30pm
Quoting Starry
{quote} hmm im not sure but i dont think many if any at all use the zup indicator. Mr pip indicated he didnt suggest such indicators because it doesnt work without knowing what the patterns mean, and having experience focusing on order flow, price action, and structure. sorry .....
Amen brotha
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #4,331
  • Jun 5, 2013 5:15pm Jun 5, 2013 5:15pm
Hey CN
Thanks for all the charts - been learning heaps from you...and banking a few pips.
I even decided to join the FF & this thread, so I hope you stick around here or start your own thread....
Really appreciate your work.
  • #4,332
  • Jun 5, 2013 7:20pm Jun 5, 2013 7:20pm
Quoting Pippipy
Pardon me to intrude but I am looking for a MT4 harmonic indicator like ZUP But I only want the .618 .786 1 1.272 1.618 ratios to show. Is it possible to get the 1.272 and 1.618 extension lines to be drawn before the market hits these levels. That would be a great feature. Many pips to all ! Thanks in advance.
i only know of one but it isn't free.
  • #4,333
  • Jun 5, 2013 11:40pm Jun 5, 2013 11:40pm
Could you post the name of that indicator.? thx
  • #4,334
  • Jun 6, 2013 3:37am Jun 6, 2013 3:37am
Quoting CNTrader
Good Morning traders here is a look at the Gbp/Usd 4hr chart. Nice harmonic opportunities for those looking for reasons to short and make bank. Enjoy, have fun, make a great day, do your Due diligence, trade your plan, and may we all make bank (http://www.forexfactory.com/#) {image}
Hi CNN,

thanks for your great insights and charts. i had my best trade ever on the GU. got out thanks to you showing what i did not see.

if i may ask you 2 questions please. what is TL? and do you draw those harmonics onto charts or do you use software? if you draw them then i must admit my envy at your skill.

once, again thank you for sharing. it is much appreciated.

BW
EW
choose a job you love and you will never have to work a day in your life
  • #4,335
  • Jun 6, 2013 3:44am Jun 6, 2013 3:44am
Quoting ewgcorp
{quote} Hi CNN, thanks for your great insights and charts. i had my best trade ever on the GU. got out thanks to you showing what i did not see. if i may ask you 2 questions please. what is TL? and do you draw those harmonics onto charts or do you use software? if you draw them then i must admit my envy at your skill. once, again thank you for sharing. it is much appreciated. BW EW
TL = trendline
I believe the patterns are draw, but I will leave that for CNT Trader to answer..
  • #4,336
  • Edited Jun 7, 2013 6:32am Jun 6, 2013 10:03am | Edited Jun 7, 2013 6:32am
Please break up SLW and reach my PRZ Thanks!

edit: 6/7/2013 good think i got out yesterday lol.

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  • #4,337
  • Jun 6, 2013 2:07pm Jun 6, 2013 2:07pm
Quoting CNTrader
Hey traders here is another chart I'm watching closely {image} Enjoy, have fun, make a great day, do your Due diligence, trade your plan, and may we all make bank (http://www.forexfactory.com/#)
Watching the same thing on Eur/Cad and maybe Usd/Cad if we get to 61.8%
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eurcaddaily.png Size: 60 KB
  • #4,338
  • Jun 6, 2013 4:06pm Jun 6, 2013 4:06pm
Quoting ewgcorp
{quote} Hi CNN, thanks for your great insights and charts. i had my best trade ever on the GU. got out thanks to you showing what i did not see. if i may ask you 2 questions please. what is TL? and do you draw those harmonics onto charts or do you use software? if you draw them then i must admit my envy at your skill. once, again thank you for sharing. it is much appreciated. BW EW
Hey EW your welcome and way to go with the GU trade glad I could add value to your trading vision and account lol. TL does mean Trend Line and yes i draw the patterns myself and do all my analysis myself. I dont follow others and I dont use software to find the patterns. It is a skill and it says a lot about the way I approach both my analysis and my trading. I've been at this bad boy for a long time and love to stay on top and stay sharp with the skill like a Ninja lol. I have my thoughts on the software that is out there and my reasons for not using it. You would have to go back through my history of posts to find those thoughts lol needless to say I never use them nor will I ever use them unless i build it myself and thats probably not gonna happen anytime soon lol. Keep working at it you will get there. For me its part of the journey and the joy I derive from trading the forex market. Hope that helps and now I'll get off my soapbox hahaha

P.S. I will add this last thing. You will notice in my charts that all the patterns I post almost always are forward looking which software never does. I visualize where the market could go then when it gets there meeting my criteria and showing me the behavior I look for then I'm ready. Software only does it as the pattern has developed already. I plan the trade out and watch for a confluence of behavior to take place in my buy and sell zones. Ok thats all I'll say on the matter I dont want to get going into a training session here lol

Enjoy, have fun, make a great day, do your Due diligence, trade your plan, and may we all make bank (http://www.forexfactory.com/#)
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #4,339
  • Edited 4:24pm Jun 6, 2013 4:13pm | Edited 4:24pm
must practice my fib circle flow method. since cnctrader mentioned it, i will try out the nzdusd d1. not quite a crab, according to my predictions. it looks a little funky though, but that is made up by the large volume candles that are present at the PRZ, both bull and bear, indicating a possible sudden reversal.


it looks like a 3 humped slug, the space between price and the down trend line.

Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd_daily.png Size: 222 KB
  • #4,340
  • Jun 6, 2013 5:09pm Jun 6, 2013 5:09pm
OK Traders here is some harmonic analysis I'll share on the Gbp/Usd. For those looking for reasons to get short for the next move much lower. A few scenarios potentially setting up if we can sustain a break above key structure zone. I'll break it down from the weekly 1st:

You will notice the the all Important Weekly TL in red. We broke through and have yet to retest.

Attached Image (click to enlarge)
Click to Enlarge Name: GU weekly TL.gif Size: 66 KB


Here it is zoomed in a bit and with a look at the patterns setting up on daily

Attached Image (click to enlarge)
Click to Enlarge Name: GU weekly zoom in.gif Size: 71 KB


Here are the Daily patterns if the key structure can be broken.

Attached Image (click to enlarge)
Click to Enlarge Name: GU daily.gif Size: 81 KB


Enjoy, have fun, make a great day, do your Due diligence, trade your plan, and may we all make bank (http://www.forexfactory.com/#)


Enjoy, have fun, make a great day, do your Due diligence, trade your plan, and may we all make bank (http://www.forexfactory.com/#)
Don't follow me! You can and most likely will LOSE all your money!!!!
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