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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

  • #5,121
  • Nov 14, 2013 8:40pm Nov 14, 2013 8:40pm
Quoting bulleyes
{quote} Hi Mr.Pip, So great to see your post again. I have been following this thread for two months already and this is the first time I write a post in this forum. I want to thank you so much for the generous sharing of this priceless knowledge. Harmonic trading is so powerful and since I started to understand and apply the method to trading my account started to grow instead of consistently losing. Is AB=CD your favorite pattern? I do have a question for the screenshot you attached. In it there are two win trades (if I understand correctly) of...
Well put I like range bars as well but prefer Tick. We must always have an expectation as to what price will do next, this means we must analyze structure and order flow to have an expectation on how deep a correction should be as well as how far the next impulse legs should extent to. Lastly your bar by bar should give you clear indication to pull the trigger as you bee your expectation play out.
If you fail to plan, you plan to fail.
  • #5,122
  • Nov 14, 2013 10:17pm Nov 14, 2013 10:17pm
hello Mr pip, what do you think
Attached Image (click to enlarge)
Click to Enlarge Name: $EURCAD (Daily) 7_18_2013 - 11_16_2013.jpg Size: 72 KB
Trading in the zone
  • #5,123
  • Nov 15, 2013 12:18am Nov 15, 2013 12:18am
Hello Mr. Pip, I have been following your thread sine some time now and have been working and studying harmonic, cause this is how I view the market along fibs confluence and market based structure

I would like just to introduce my self again, and say hi and thanking you for opening such an informative thread and teachings in here, taught me a lot already and am willing to continue along with everyone
I Have Learned to Take Some Losses to Make Profits
  • #5,124
  • Nov 15, 2013 8:32am Nov 15, 2013 8:32am
Quoting hao
hello Mr pip, what do you think {image}
Structure and order flow suggest this pair has the intention to move higher. We must recognize the visual clues that are on the chart. Keep situational awareness at all times. Ask yourself what is structure telling me and where is the strength?
Attached Image (click to enlarge)
Click to Enlarge Name: $EURCAD (Daily) 3_8_2013 - 11_15_2013.jpg Size: 147 KB
If you fail to plan, you plan to fail.
  • #5,125
  • Nov 15, 2013 8:34am Nov 15, 2013 8:34am
Quoting TheScorpS
Hello Mr. Pip, I have been following your thread sine some time now and have been working and studying harmonic, cause this is how I view the market along fibs confluence and market based structure I would like just to introduce my self again, and say hi and thanking you for opening such an informative thread and teachings in here, taught me a lot already and am willing to continue along with everyone
Great this is the reason why traders like me take time to give back. I hope to continue if the interest is still present.
If you fail to plan, you plan to fail.
  • #5,126
  • Nov 15, 2013 8:42am Nov 15, 2013 8:42am
Quoting Mr. Pip
{quote} Structure and order flow suggest this pair has the intention to move higher. We must recognize the visual clues that are on the chart. Keep situational awareness at all times. Ask yourself what is structure telling me and where is the strength? {image}
thanks for the reply, I saw a sign in the circle command.
Attached Image (click to enlarge)
Click to Enlarge Name: $EURCAD (Daily) 6_28_2013 - 11_16_2013.jpg Size: 76 KB
Trading in the zone
  • #5,127
  • Edited Nov 16, 2013 12:18am Nov 15, 2013 8:51am | Edited Nov 16, 2013 12:18am
I noticed that when prices reach Fib or axial S / R, only approach the stop loss is very low.
Close price in a straight line Fib or S / R, randomly removed price. candle image I uploaded, it is my image simulation Close price on Fib straight line or S / R.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: candle.PNG Size: 21 KB
Click to Enlarge Name: $EURUSD (240 Min) 1_10_2013 big picture.jpg Size: 123 KB
Trading in the zone
  • #5,128
  • Nov 15, 2013 9:05am Nov 15, 2013 9:05am
Quoting Mr. Pip
{quote} Structure and order flow suggest this pair has the intention to move higher. We must recognize the visual clues that are on the chart. Keep situational awareness at all times. Ask yourself what is structure telling me and where is the strength? {image}
My mistake.
I chose the wrong S / R , S/R structure of he very strong.
Attached Image (click to enlarge)
Click to Enlarge Name: $EURCAD (Daily) 8_14_2013 - 11_16_2013.jpg Size: 65 KB
Trading in the zone
  • #5,129
  • Edited 10:09am Nov 15, 2013 9:57am | Edited 10:09am
Attached Image
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.PNG Size: 83 KB
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpjpy.PNG Size: 66 KB
Click to Enlarge Name: fib + phân tích nên.PNG Size: 80 KB
Attached Image
Trading in the zone
  • #5,130
  • Nov 15, 2013 1:05pm Nov 15, 2013 1:05pm
Quoting hao
I noticed that when prices reach Fib or axial S / R, only approach the stop loss is very low. {image} {image}

can you explain more the pix you show with candle on it pls how you gona apply on harmonics pls
  • #5,131
  • Nov 15, 2013 1:53pm Nov 15, 2013 1:53pm
Quoting Forexbuster
{quote} can you explain more the pix you show with candle on it pls how you gona apply on harmonics pls

In my humble opinion candle formations are just that a formation. Trading is about identification. What are we trying to identify? Does anyone know what we are trying to identify?

There are two specific things I try to identify. What are they??????
If you fail to plan, you plan to fail.
  • #5,132
  • Nov 15, 2013 2:39pm Nov 15, 2013 2:39pm
Quoting Mr. Pip
{quote} In my humble opinion candle formations are just that a formation. Trading is about identification. What are we trying to identify? Does anyone know what we are trying to identify? There are two specific things I try to identify. What are they??????

Morning Mr Pip,
trust you've been well....

My answer is Structure & Order Flow

cheers
  • #5,133
  • Nov 15, 2013 2:45pm Nov 15, 2013 2:45pm
Quoting Mr. Pip
{quote} In my humble opinion candle formations are just that a formation. Trading is about identification. What are we trying to identify? Does anyone know what we are trying to identify? There are two specific things I try to identify. What are they??????
Confluence and structure
  • #5,134
  • Nov 15, 2013 2:53pm Nov 15, 2013 2:53pm
Quoting Mr. Pip
{quote} Well put I like range bars as well but prefer Tick. We must always have an expectation as to what price will do next, this means we must analyze structure and order flow to have an expectation on how deep a correction should be as well as how far the next impulse legs should extent to. Lastly your bar by bar should give you clear indication to pull the trigger as you bee your expectation play out.
Thank you Mr. Pip. I have been using time frame chart as I'm used to it. I will try to use the Tick chart and see if I can feel the magic in it...
  • #5,135
  • Nov 15, 2013 3:35pm Nov 15, 2013 3:35pm
All very good tries! Those are some of the tools we use. The two things that are critical to know is strength and weakness so that we can trade in the direction of strength and against weakness and the other very important thing is where trading decisions will be made. I want to identify where decisions are going to be made and make decisions that support trading in the direction of strength.
If you fail to plan, you plan to fail.
  • #5,136
  • Nov 15, 2013 4:23pm Nov 15, 2013 4:23pm
Quoting SuperSic58
{quote} Confluence and structure
I would add: with respect to HTF first... HTF rules with direction and structure dictating confluence to lower TF... most of the time, but that is what you are looking for - to be right most of the time, isnt it?
  • #5,137
  • Nov 15, 2013 5:24pm Nov 15, 2013 5:24pm
Quoting Forexbuster
{quote} can you explain more the pix you show with candle on it pls how you gona apply on harmonics pls
analysis should be used in PRZ or C. price if Fib in respect or S / R, price are not exceeded Fib are closed. candle should not exceed candle in longest. It is simply: Enter the command with signs of low stoploss.

http://www.forexfactory.com/showthread.php?p=7037741#post7037741
http://www.forexfactory.com/showthread.php?p=7038404#post7038404
Trading in the zone
  • #5,138
  • Nov 15, 2013 5:39pm Nov 15, 2013 5:39pm
Quoting Mr. Pip
{quote} In my humble opinion candle formations are just that a formation. Trading is about identification. What are we trying to identify? Does anyone know what we are trying to identify? There are two specific things I try to identify. What are they??????
sir, I want to contribute what I know. I want to explain my findings, my simple thoughts: price in declined, as a result, price declined in what???.
Simple: price in going on PRZ, so how can I discrimination adjust the price and respect Fib.


this is my own opinion, I want to adjust and price discrimination in respect. would receive any comments. thank you!!!
sorry, my English is not good
Trading in the zone
  • #5,139
  • Nov 15, 2013 5:41pm Nov 15, 2013 5:41pm
Quoting Mr. Pip
All very good tries! Those are some of the tools we use. The two things that are critical to know is strength and weakness so that we can trade in the direction of strength and against weakness and the other very important thing is where trading decisions will be made. I want to identify where decisions are going to be made and make decisions that support trading in the direction of strength.
Decisions are made in areas of confluence though, yes? Post 9 page 1
  • #5,140
  • Nov 15, 2013 5:59pm Nov 15, 2013 5:59pm
Quoting lobogabor
{quote} I would add: with respect to HTF first... HTF rules with direction and structure dictating confluence to lower TF... most of the time, but that is what you are looking for - to be right most of the time, isnt it?

It will take you to the same place structure is structure and S/R is just as easily seen on the lower timeframe. The only difference is that on the lower timeframe you are looking at a more detailed view.

I do agree that the HTF trump the smaller if we are on the lower timeframe we must be aware of which order flow is short term and which is long term this can all be achieved from the same chart there is no real need to bounce around between timeframes. Good post! Thank you !
If you fail to plan, you plan to fail.
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