Ratios & Harmonics: a Different Way to Trade | Page 248 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

"Ratios & Harmonics: a Different Way to Trade." Summary 37 replies

Learning to trade with harmonics 11 replies

Time for Change - Pivots & Harmonics to freedom 67 replies

180 reasons to trade Harmonics and Patterns 13 replies

Group Trading based on Elliott wave and Harmonics 0 replies

Attachments: Ratios & Harmonics: a Different Way to Trade
Exit Attachments

Ratios & Harmonics: a Different Way to Trade

  • #4,941
  • Oct 10, 2013 4:45am Oct 10, 2013 4:45am
Quoting samansadeghi
NZDCHF M30 BAT {image}
that is indeed a nice setup
Price Is The Best Indicator Itself.
  • #4,942
  • Edited 10:10am Oct 10, 2013 5:58am | Edited 10:10am
Thanks hao for your help about the closing prices, It will take time for me and more practice to identify and analysis price structure and price closing and the story they tell

Heres my chart for EUR/JPY 4H potential BAT forming, we have main trend down, round number at 133.00 , 88.6 of XA and 161.8 ext of BC
Attached Image (click to enlarge)
Click to Enlarge Name: Bat_EUR_JPY_4H.jpg Size: 256 KB
I Have Learned to Take Some Losses to Make Profits
  • #4,943
  • Edited 8:55am Oct 10, 2013 7:18am | Edited 8:55am
Quoting TheScorpS
Thanks hao for your help about the closing prices, It will take time for me and more practice to identify and analysis price structure and price closing and the story they tell Heres my chart for EUR/JPY 4H potential gartley forming, we have main trend down, round number at 133.00 , 88.6 of XA and 161.8 ext of BC {image}
when you trade without confluence in C and in the PRZ, would be very careful with S/R + fib. I trade using PA and Fibonacci or both and heart command entry and exit orders. friends or watch videos PA of Mr pips, it can apply to fibonacci.
You can see price respected 78.6 fib in point C, it very nice

http://www.youtube.com/watch?v=W9Md5t2A0Es
Trading in the zone
  • #4,944
  • Oct 10, 2013 9:46am Oct 10, 2013 9:46am
Quoting smallcat
Hi, Thanks to mr. Pips for this great thread . I have read some posts (not all of them yet), and try to play with Ninja Trader. Can you please tell me, what is wrong with my chart ? The CD leg is more than 161,8% of AB extension. I define PRZ at point D (between 161,8% of AB extension & 127,2% of AX extension), and if i do a SELL at point D (using sell limit order), i will get floating (minus), and may be it can hit my StopLoss (if i put 3-5 pips as stopLoss). If i don't put stopLoss, it will hit my TakeProfit (61,8% of AD fibo retracement)....
Hey smallcat!

All pattern completion zones are actually Potential Reversal Zones (PRZs), which means that there is no guarantee that price will stop there, although mr pip did optimize the pattern ratios for bat,gartley,crab,and butterflies so that they work out well. In your example, your stop loss (SL) would probably have been hit, so it would have been a loss.

I am now focusing on this also, but as you gain experience with one pattern, you will begin to learn what price action to expect at the PRZs. Then, concepts such as order flow and price action will be learned in general, and different patterns can be understood more easily. Then the market will be understood.
  • #4,945
  • Oct 10, 2013 10:34am Oct 10, 2013 10:34am
pls i need comment on this chat.
i am new trying to make analysis on AB=CD on GU, 4h
thanks
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 12 KB
  • #4,946
  • Oct 10, 2013 10:52am Oct 10, 2013 10:52am
pls i try downloading Mr Pip DCASTFX RULES OF ENGAGEMENT GARTLY.

but it is corrupt according to my system

pls , i need someone to re upload it again for me so that i can hace it
  • #4,947
  • Oct 10, 2013 10:54am Oct 10, 2013 10:54am
Quoting blessedtj
pls i try downloading Mr Pip DCASTFX RULES OF ENGAGEMENT GARTLY. but it is corrupt according to my system pls , i need someone to re upload it again for me so that i can hace it
!
Attached File(s)
File Type: docx DCASTFX Advance Pattern Reference Guide Revised.docx   605 KB | 391 downloads
File Type: docx DCASTFXADVANCEPATTERNSRULESOFENGAGEMENTABCD.docx   126 KB | 351 downloads
File Type: docx DCASTFXRULESOFENGAGEMENTGARTLEY.docx   149 KB | 513 downloads
Trading in the zone
  • #4,948
  • Oct 10, 2013 11:43am Oct 10, 2013 11:43am
its playing fine for me.
Attached Image (click to enlarge)
Click to Enlarge Name: Uchf_H.png Size: 71 KB
Price Is The Best Indicator Itself.
  • #4,949
  • Oct 10, 2013 1:18pm Oct 10, 2013 1:18pm
Could this be right for for ABCD
Attached Image (click to enlarge)
Click to Enlarge Name: [EURUSD,Daily] ABCD.png Size: 37 KB
  • #4,950
  • Oct 10, 2013 2:09pm Oct 10, 2013 2:09pm
Quoting hao
{quote} ! {file} {file} {file}
Did Mr.PIP provided the rules for other harmonic patterns, such as the butterfly, the crab and the BAT? am reading through this thread and so far at page 120 but didn't see any other rules for other harmonic like its provided for ABCD and Gartley

Thanks
I Have Learned to Take Some Losses to Make Profits
  • #4,951
  • Oct 10, 2013 5:46pm Oct 10, 2013 5:46pm
Quoting TheScorpS
{quote} Did Mr.PIP provided the rules for other harmonic patterns, such as the butterfly, the crab and the BAT? am reading through this thread and so far at page 120 but didn't see any other rules for other harmonic like its provided for ABCD and Gartley Thanks
all only that, Mr. pip no commercial model crab or butterfly, cypher. 3 this model for the lowest win rate.
Trading in the zone
  • #4,952
  • Oct 10, 2013 7:01pm Oct 10, 2013 7:01pm
Quoting Starry
{quote} Hey smallcat! All pattern completion zones are actually Potential Reversal Zones (PRZs), which means that there is no guarantee that price will stop there, although mr pip did optimize the pattern ratios for bat,gartley,crab,and butterflies so that they work out well. In your example, your stop loss (SL) would probably have been hit, so it would have been a loss. I am now focusing on this also, but as you gain experience with one pattern, you will begin to learn what price action to expect at the PRZs. Then, concepts such as order...
Hi Starry,

Thank you very much. I think you're right. I muss learn order flow and price action to get best result on deciding of putting an order. Using market order is wiser than using limit order for this system.
So far i know, mr Pips said - the winning probability of the system is about 70-80%, so in this case, may be this is an example of the rest 20% ...
Thank you buddy ....

Regards,
-smallcat
  • #4,953
  • Oct 10, 2013 7:04pm Oct 10, 2013 7:04pm
Quoting TheScorpS
{quote} Did Mr.PIP provided the rules for other harmonic patterns, such as the butterfly, the crab and the BAT? am reading through this thread and so far at page 120 but didn't see any other rules for other harmonic like its provided for ABCD and Gartley Thanks
Hi TheScorps,

There is a pdf file with images inside about the rule. I forgot where it was, try to look at the attachments icon (right top of this thread).

Regards,
-smallcat
  • #4,954
  • Oct 10, 2013 7:12pm Oct 10, 2013 7:12pm
Quoting Redddz
its playing fine for me. {image}
I believe that higher TF, there is equal AB CD, with a different trend, so the price is floating.
maybe.
  • #4,955
  • Oct 10, 2013 8:01pm Oct 10, 2013 8:01pm
Quoting blessedtj
pls i need comment on this chat. i am new trying to make analysis on AB=CD on GU, 4h thanks{image}



very well,to calculate the ABCD points. Trend findout from the Higher time frames like H4 ,D1 ,then trade in lower time frames ,apply Elliot Wave in all charts to easily identify the trend !Apply All charts Trend line ,Elliot Wave ,patterns & finding Higher -High ,Lower - Low ,Refer my Screen shot !
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadh1.png Size: 41 KB
  • #4,956
  • Oct 10, 2013 11:45pm Oct 10, 2013 11:45pm
Quoting blessedtj
pls i need comment on this chat. i am new trying to make analysis on AB=CD on GU, 4h thanks{image}
if point D have S / R and confluence powerful, will continue in coming down. you need a larger view of the chart daily or weekly
Trading in the zone
  • #4,957
  • Oct 11, 2013 1:55am Oct 11, 2013 1:55am
Quoting smallcat
{quote} Hi TheScorps, There is a pdf file with images inside about the rule. I forgot where it was, try to look at the attachments icon (right top of this thread). Regards, -smallcat
I don't know which one, I will search it up, I have the reference guide from Mr.PIP , thats all, thanks for your help
I Have Learned to Take Some Losses to Make Profits
  • #4,958
  • Oct 11, 2013 4:23am Oct 11, 2013 4:23am
Quoting hao
{quote} if point D have S / R and confluence powerful, will continue in coming down. you need a larger view of the chart daily or weekly

tnx let me check for more confluence
  • #4,959
  • Oct 11, 2013 5:16am Oct 11, 2013 5:16am
BAT...

Attached Image (click to enlarge)
Click to Enlarge Name: bath1.png Size: 60 KB
  • #4,960
  • Oct 11, 2013 5:24am Oct 11, 2013 5:24am
Gartley H4
no one has seen him?

Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh4.png Size: 49 KB
5 traders viewing now