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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

  • #4,521
  • Aug 13, 2013 11:26am Aug 13, 2013 11:26am
Quoting liemo
{quote} Read through the book and read through Mr.Pips teaching, both will be great benefit to you. Then put together a set of rules that suits your trading style -TF, method, execution, trade management, risk ..I sure you get the drift and test it out. I do not solely rely on Mr.Pips rule as this does not suit my personality but I have implemented some of his rules to make it my own. IMO, Mr Pip has down the hard yards and provided the wider trading community with his method, if you dont have any trading plan in place why not give it a go and take...
Thanks for helping me out, now most important for me is finish the book and learn as much as possible along with back-testing before starts trading patterns

can you advise as from where I start building my trading plan? is it something like writing the rules for pattern formation, trade management, risk etc..
I Have Learned to Take Some Losses to Make Profits
  • #4,522
  • Aug 13, 2013 11:26am Aug 13, 2013 11:26am
What do you guys think of a potential ABCD to the downside on 4H CADJPY ? BRN Resistance, and closed above 61% fib retracement.

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  • #4,523
  • Aug 13, 2013 11:29am Aug 13, 2013 11:29am
Quoting TheScorpS
{quote} Thanks for helping me out, now most important for me is finish the book and learn as much as possible along with back-testing before starts trading patterns can you advise as from where I start building my trading plan? is it something like writing the rules for pattern formation, trade management, risk etc..
That's exactly it. You specify the rules that you will always abide by when trading, and stick to them, no matter what you may think in what situation. As Mr Pips has said, trade what you see, not what you think.
  • #4,524
  • Aug 13, 2013 11:52am Aug 13, 2013 11:52am
Quoting Axlz
{quote} That's exactly it. You specify the rules that you will always abide by when trading, and stick to them, no matter what you may think in what situation. As Mr Pips has said, trade what you see, not what you think.
Thanks a lot, you guys when you put charts , its very good for newbie cause I can practice along
I Have Learned to Take Some Losses to Make Profits
  • #4,525
  • Edited 3:20pm Aug 13, 2013 2:57pm | Edited 3:20pm
Looking at EUR/JPY - 1H time frame, does this look like a valid bearish crab forming? even though the B point closes below 50% percent of XA

The rules words document file that I got from paperclip titled DCASTFX shows that B point is within the 61.8 and 78.6

So what do you think , Thanks
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I Have Learned to Take Some Losses to Make Profits
  • #4,526
  • Aug 13, 2013 4:24pm Aug 13, 2013 4:24pm
Quoting TheScorpS
Looking at EUR/JPY - 1H time frame, does this look like a valid bearish crab forming? even though the B point closes below 50% percent of XA The rules words document file that I got from paperclip titled DCASTFX shows that B point is within the 61.8 and 78.6 So what do you think , Thanks {image}
The area where the gray triangle ends looks fine since there was a previous resistance level that could be stronger if you also had some activity going on having a look on bigger charts. Current bullish activity. The same support from August 6 served as support in the previous hours retracement resuming the up trend - with a break on an inside bar btw.

The area where your triangle ends is precisely a 61.8% retracement from the biggest swing. But would also be the second test to that level, so this time could not necessarily bounce, or it might but creating a fake out first. So the closes of bar will be important if prices reaches there.

The main resistance level, in any case, if you zoom out your chart is at 132.80, just to be awared of it.

I see you use OHLC levels as well, you could see what your daily and weekly pivots are telling you as well for adding confluence to the table.
Best time to plant a tree was 20 years ago, second best is now
  • #4,527
  • Aug 13, 2013 5:20pm Aug 13, 2013 5:20pm
Quoting TheScorpS
{quote} Thanks for helping me out, now most important for me is finish the book and learn as much as possible along with back-testing before starts trading patterns can you advise as from where I start building my trading plan? is it something like writing the rules for pattern formation, trade management, risk etc..
Larry Pesavento also has a book called Trade What You See not What you Think well worth a read.

Don't forget to gauge your emotions into the plan - if you had a bad day, sick, ...etc coz it will impact your ability to trade well.
  • #4,528
  • Aug 13, 2013 10:25pm Aug 13, 2013 10:25pm
Hello everyone. Today, I share a books with people: secret of luck - Fernando Trias de Bes Alex Rovira

I cited the secret 6th book that you should apply for trading: SECRET PARTY 6: caring, to the small but necessary things. Sometimes, in these conditions seemed most fully - thankfully still not arrived. Let's really look for, these conditions concern seemed not important, but the most minor details needed to create good luck.


I see many traders subjective issues identified in the potential model, and this is my answer and it is an experience, lessons.
mr.pip following saying: always look back, see what you miss anything. including the experienced trader. It's called humility.
Trading in the zone
  • #4,529
  • Aug 14, 2013 2:32am Aug 14, 2013 2:32am
Quoting horuxito
{quote} The area where the gray triangle ends looks fine since there was a previous resistance level that could be stronger if you also had some activity going on having a look on bigger charts. Current bullish activity. The same support from August 6 served as support in the previous hours retracement resuming the up trend - with a break on an inside bar btw. The area where your triangle ends is precisely a 61.8% retracement from the biggest swing. But would also be the second test to that level, so this time could not necessarily bounce, or it...
Thanks a lot, I'm still waiting PA reaches there and see from there if there is a trade, am watching and waiting

Liemo , thanks for the book recommendation, keep it in my library for future read after I finish with carney book

Now back to trading , I'm watching this USD/CHF 1H chart as well , almost completion of AB=CD, I'm thinking of shorting if Price Action makes a rotate back and puts a double top, what do you think?
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I Have Learned to Take Some Losses to Make Profits
  • #4,530
  • Edited 8:03am Aug 14, 2013 7:37am | Edited 8:03am
Quoting TheScorpS
{quote} Thanks a lot, I'm still waiting PA reaches there and see from there if there is a trade, am watching and waiting Liemo , thanks for the book recommendation, keep it in my library for future read after I finish with carney book Now back to trading , I'm watching this USD/CHF 1H chart as well , almost completion of AB=CD, I'm thinking of shorting if Price Action makes a rotate back and puts a double top, what do you think? {image}
AB = CD model you see. Your BC shallow. BC = or > 0.386. BC = or < 0.786.
http://www.youtube.com/user/DCASTFX?feature=watch video post by mr.pip.
right corner of the video player that displays CC (currently, translation subtitles). you can view the video tape your foreign language.
Trading in the zone
  • #4,531
  • Aug 15, 2013 12:39am Aug 15, 2013 12:39am
NZD/USD H4 - is this a valid butterfly pattern?

Drawn with the help of Mr. Pip's pattern reference guide
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  • #4,532
  • Aug 15, 2013 6:35am Aug 15, 2013 6:35am
Quoting darksorrow
NZD/USD H4 - is this a valid butterfly pattern? Drawn with the help of Mr. Pip's pattern reference guide {image}
I see that BC leg just touch the 38.2 retracement, but I think we need a close between 38.2 and 50.0 of AB retracement, so am not qualified still to answer, so if seniors can clarify this to us would be very much appreciated, thanks alot for your chart, I wish though more charts to be post so we can learn
I Have Learned to Take Some Losses to Make Profits
  • #4,533
  • Aug 15, 2013 6:44am Aug 15, 2013 6:44am
Quoting darksorrow
NZD/USD H4 - is this a valid butterfly pattern? Drawn with the help of Mr. Pip's pattern reference guide {image}
you do not believe in the model. That's butterfly pattern.
Trading in the zone
  • #4,534
  • Aug 15, 2013 8:14am Aug 15, 2013 8:14am
Quoting TheScorpS
{quote} I see that BC leg just touch the 38.2 retracement, but I think we need a close between 38.2 and 50.0 of AB retracement, so am not qualified still to answer, so if seniors can clarify this to us would be very much appreciated, thanks alot for your chart, I wish though more charts to be post so we can learn
Have you seen action in BC, there are many adjustable part. Families are more likely to go on than go down. If the price went down below 61.8 , C fib that's good positive transaction.
Trading in the zone
  • #4,535
  • Aug 15, 2013 10:45am Aug 15, 2013 10:45am
Here is my first "green" harmonic pattern trade! EURCHF 1H chart saw a BAT caught it...

From this trade what i have understood is, we must be aware of the price action of currencies too, first we see a pattern and then determine the price action of the currency where it is trying to lean bull or bear.... Before this trade I first analyzed the movement of EUR which was more of bearish momentum, while USDCHF was finding difficult to go upward because if was near 0.94 which is a big resistance with this fact, i got clear clue on the possible movement of the EURCHF with all the valid point of the pattern... I was able to catch the BAT... My take profit sucked though, i only got 25 pips wasted 25+ extra pips i could have got... also in the PRZ i entered bit early wasted 8 pips there...

For the fundamental side thanks to Hao for explaining that beside pattern the fundamental harmonics is important too....
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  • #4,536
  • Aug 15, 2013 1:00pm Aug 15, 2013 1:00pm
200 pages and no one has been able to properly explain order flow.

Can someone actually explain it, rather than post the same rubbish Mr Pips posted which explains nothing?

i want a proper explanation of how to identify direction of order flow, not a chart saying order flow is in this direction. Actually post HOW to IDENTIFY IT.
  • #4,537
  • Aug 15, 2013 1:14pm Aug 15, 2013 1:14pm
Quoting Axlz
200 pages and no one has been able to properly explain order flow. Can someone actually explain it, rather than post the same rubbish Mr Pips posted which explains nothing? i want a proper explanation of how to identify direction of order flow, not a chart saying order flow is in this direction. Actually post HOW to IDENTIFY IT.

its mysterious, you cant identify it except through experience bwahahahhahaha
  • #4,538
  • Aug 15, 2013 1:22pm Aug 15, 2013 1:22pm
Quoting Starry
{quote} its mysterious, you cant identify it except through experience bwahahahhahaha
I've been looking at Mr Pips' pics of order flow, and each time, he decides based on some magical bullshit he concocts out of no where. Each time order flow is decided with a different criteria.

This whole thread is a load of B.S.

Trade gone bad? His excuse: You went against order flow, but I can't explain how.


And what a surprise, he's gone now, all of a sudden.
  • #4,539
  • Edited 2:56pm Aug 15, 2013 2:42pm | Edited 2:56pm
Axlz: Here I thought you were on your way to harmonic freedom. First in order to receive something you must be willing to change your attitude towards it. Right now your not in the right frame of mind. You feel that everyone is out to get cha'. I am not in the business of spoon feeding people, but those who put forth an honest effort to learn it. As I said before everything you need is right here. This stuff did not come easy to me either but I read this thread(printed it out) reviewed and posted charts until it finally it clicked. What makes threads so difficult to learn and teach in; some people are lurkers, active participants and some are beginners and teachers. I changed my whole thought process and was humble the whole way through it. (look at past post). I was humble enough to get my head beat in after posting a chart and having others critique it. Have you done this yet? How will anyone learn if you are not ready to start from the beginning. I mentioned to you in previous post to remove you thought process and look at what I call market Harmony and what Hao call tunes. This in itself is amazing and it says a lot about harmonics and this thread.

I am off my soap box. I work 7days a week and trade HTF so I rarely have time to post so don't get pissy if I don't come back right away or at all. I got mouths to feed

First: Change your attitude
Secondo you know what long, medium and short term orderflow and what it means and how to trade it? IT IS STARRING YOU IN THE FACE MAN. You have to look at everything in the context of your trade. Just because you have a pattern doesn't mean you should trade. I am actually tired of writing this in this thread "ALL PATTERNS ARE NOT TRADEABLE"

Example: The last screen shot is what orderflow is all about. Orderflow movement of money up and down. That's it. there is no mystery too it. It s based on the context of your trade meaning are you looking at it long term medium or short term. You can find this by zooming out and looking at the bigger picture.
The middle shot shows you a pattern in the short term. You use this H or L to find short term trades until its broken if so find another leg.

Trading against orderflow
If you have establish a H or L that has not been broken and its down and you find an Aggressive C. Guess what? you trading against the current trend.

I have to get back to work. Do your due diligence.

This a basic example. There is more to it but this should give an idea, if not maybe this thread is not for you and its just BS


EDIT: Before people get all crazy this is the most recent Swing
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Empower Your Mind
  • #4,540
  • Aug 15, 2013 2:54pm Aug 15, 2013 2:54pm
Quoting Axlz
{quote} I've been looking at Mr Pips' pics of order flow, and each time, he decides based on some magical bullshit he concocts out of no where. Each time order flow is decided with a different criteria. This whole thread is a load of B.S. Trade gone bad? His excuse: You went against order flow, but I can't explain how. And what a surprise, he's gone now, all of a sudden.
surprisingly enough, its actually not b.s., i was just messing with you man
i say its mysterious because he doesnt explain it that well, atleast for me. Its unexplained enough that it is only a vague wisp of an intuition for me from looking at charts (and looking at his session trading charts), so i am taking a slightly different route.
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