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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

  • #5,201
  • Nov 18, 2013 9:06pm Nov 18, 2013 9:06pm
Quoting Mr. Pip
This is the final update for this trade. Our trail stop was hit I hope you got to see and appreciate a trade in real time from start to finish even if we did not get to our expected profit target. As you saw using structure and order flow I was able to 4 of the correction with accuracy and identify order flow breakdown putting our profit target at risk. I also showed you how we can safely lock in profit while still giving the trade ample breathing room to move. I consider this a successful trade that could not have been managed followed or explained...
Excellent trade, nothing to say or add but just to thank you as the rest of guys here for such incredible job you're doing.

It's so important to let breathe one trade and specially when you are BE+1. Anyone, including me, would had felt the rush to take profits around 1.35, but you've also demonstrated that this was a successful trade even when you were finally taken out. Only when one respects his inigial R:R goal is that he can make it on this.
Best time to plant a tree was 20 years ago, second best is now
  • #5,202
  • Nov 18, 2013 9:28pm Nov 18, 2013 9:28pm
Quoting FineForex
{quote} confluence of patterns and zone weakness {image}
well, took decent profit. would like to stay in but almost 11 and not holding over night.
Attached Image (click to enlarge)
Click to Enlarge Name: nov 18th usdjpy update.jpg Size: 147 KB
  • #5,203
  • Edited Nov 19, 2013 12:35am Nov 18, 2013 11:47pm | Edited Nov 19, 2013 12:35am
Quoting Mr. Pip
This is the final update for this trade. Our trail stop was hit I hope you got to see and appreciate a trade in real time from start to finish even if we did not get to our expected profit target. As you saw using structure and order flow I was able to 4 of the correction with accuracy and identify order flow breakdown putting our profit target at risk. I also showed you how we can safely lock in profit while still giving the trade ample breathing room to move. I consider this a successful trade that could not have been managed followed or explained...
My opinions
Attached Image(s) (click to enlarge)
Click to Enlarge Name: $EURUSD (15 Min) 11_19_2013.jpg Size: 75 KB
Click to Enlarge Name: $EURUSD 11_19_2013.jpg Size: 72 KB
Trading in the zone
  • #5,204
  • Nov 19, 2013 12:16am Nov 19, 2013 12:16am
Quoting hao
{quote} My opinions {image} {image}

why, red line can not become maid swing ???
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD (15 Min) 11_19_2013.jpg Size: 65 KB
Trading in the zone
  • #5,205
  • Nov 19, 2013 1:58am Nov 19, 2013 1:58am
Quoting Starry
{quote} He uses ninjatrader, and its a default chart type. Unfortunately, metatrader does not contain this charting type. You cant convert time frame charts into tick charts, because one tick is one change in quote price, so its simply impossible because they are different measurements. Fortunately, ninjatrader is free for everything except directly placing trades in it You can use your broker's terminal for entering the orders, and ninja for the chart analysis {image}
ok nice,, I will download.
thanks Mr. Starry,,
hv a great day,,
  • #5,206
  • Nov 19, 2013 4:44am Nov 19, 2013 4:44am
Hi Mr. Pip! First of all, I really like your commentary on trades you take.

I am currently learning to figure out harmonic patterns and still am learning. I have posted an image here of GBPJPY 4H chart. Here, I just want to know what you think about the price action at 2.618 fibo. Do you think the bulls were waning at 2.618 levels? I did take a trade and won, but i had not thought about price actions at that point.

I had seen the JPY chart AB=CD had completely formed and in expectation of stronger JPY, i had taken the trade, had less confluence point at the time of trade. I just wanted to know what you think about the price action at this particular trade...

Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY.png Size: 51 KB
  • #5,207
  • Nov 19, 2013 4:57am Nov 19, 2013 4:57am
Quoting Prabesh
Hi Mr. Pip! First of all, I really like your commentary on trades you take. I am currently learning to figure out harmonic patterns and still am learning. I have posted an image here of GBPJPY 4H chart. Here, I just want to know what you think about the price action at 2.618 fibo. Do you think the bulls were waning at 2.618 levels? I did take a trade and won, but i had not thought about price actions at that point. I had seen the JPY chart AB=CD had completely formed and in expectation of stronger JPY, i had taken the trade, had less confluence...
you should view a larger model.
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPJPY (Daily) 4_27_2013 - 11_20_2013.jpg Size: 69 KB
Trading in the zone
  • #5,208
  • Nov 19, 2013 7:06am Nov 19, 2013 7:06am
another live set up im waiting about to pull trigger on
Attached Image (click to enlarge)
Click to Enlarge Name: nov 19 usdjpy aggro c set up.jpg Size: 111 KB
  • #5,209
  • Edited 7:50am Nov 19, 2013 7:14am | Edited 7:50am
Quoting FineForex
another live set up im waiting about to pull trigger on {image}
In

update stopped out -10. momentum gave me warning I was on wrong side didn't listen in time
Attached Image (click to enlarge)
Click to Enlarge Name: nov 19 usdjpy aggro c set up.jpg Size: 133 KB
  • #5,210
  • Nov 19, 2013 8:12am Nov 19, 2013 8:12am
Quoting hao
{quote} why, red line can not become maid swing ??? {image}
I could very well be the main swing but you have to consider the time frame you are trading. That is applicable to a higher time frame.
If you fail to plan, you plan to fail.
  • #5,211
  • Nov 19, 2013 8:22am Nov 19, 2013 8:22am
Quoting Mr. Pip
{quote} I could very well be the main swing but you have to consider the time frame you are trading. That is applicable to a higher time frame.

I agree
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD (30 Min) 11_19_2013.jpg Size: 65 KB
Trading in the zone
  • #5,212
  • Nov 19, 2013 8:43am Nov 19, 2013 8:43am
Bat Pattern lets see what happens Compliments of my friend FineForex
Attached Image (click to enlarge)
Click to Enlarge Name: $USDJPY (15 Min) 11_19_2013.jpg Size: 139 KB
If you fail to plan, you plan to fail.
  • #5,213
  • Nov 19, 2013 8:45am Nov 19, 2013 8:45am
Quoting Mr. Pip
Bat Pattern lets see what happens Compliments of my friend FineForex {image}
R / R is not good. 1/1.3
Trading in the zone
  • #5,214
  • Nov 19, 2013 8:46am Nov 19, 2013 8:46am
Quoting Mr. Pip
Bat Pattern lets see what happens Compliments of my friend FineForex {image}
Mr Pip, do you draw the pattern manually? Is there any indicator to help identify the possibility of the pattern forming?
  • #5,215
  • Nov 19, 2013 8:49am Nov 19, 2013 8:49am
Quoting hao
{quote} R / R is not good. 1/1.3
Please show me how you feel R/R is not good.
If you fail to plan, you plan to fail.
  • #5,216
  • Nov 19, 2013 8:49am Nov 19, 2013 8:49am
Quoting akyong
{quote} Mr Pip, do you draw the pattern manually? Is there any indicator to help identify the possibility of the pattern forming?
he does not use the index , you need: reverse signals and commercial reasons.
Trading in the zone
  • #5,217
  • Nov 19, 2013 8:51am Nov 19, 2013 8:51am
Quoting akyong
{quote} Mr Pip, do you draw the pattern manually? Is there any indicator to help identify the possibility of the pattern forming?
I only really draw them for your benefit and to post on here. After a while they just stand out. I do not use any indicators.
If you fail to plan, you plan to fail.
  • #5,218
  • Nov 19, 2013 8:52am Nov 19, 2013 8:52am
Quoting Mr. Pip
{quote} Please show me how you feel R/R is not good.
I saw the ratio R / R at least 1/2, what he said before, very long.
Trading in the zone
  • #5,219
  • Nov 19, 2013 8:59am Nov 19, 2013 8:59am
There is no need for any indicator, I have been watching videos for Storm Indicator but never have used it, actually doing it manually is way better since what we need is improving our particular activating system which Jason always talked about that could leads us to spot them simultaneously without the help of indicator

I have been waiting to trades these pattern but orders have never been filled
1st CAD/JPY , 2nd USD/JPY
Both on the 15 MIN chart, wanted to get a good risk reward
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 221 KB
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I Have Learned to Take Some Losses to Make Profits
  • #5,220
  • Nov 19, 2013 9:04am Nov 19, 2013 9:04am
Quoting TheScorpS
There is no need for any indicator, I have been watching videos for Storm Indicator but never have used it, actually doing it manually is way better since what we need is improving our particular activating system which Jason always talked about that could leads us to spot them simultaneously without the help of indicator I have been waiting to trades these pattern but orders have never been filled 1st CAD/JPY , 2nd USD/JPY Both on the 15 MIN chart, wanted to get a good risk reward {image} {image}
Be patient the trades will come. In the mean time yes train your eyes so that the patterns just jump out at you.
If you fail to plan, you plan to fail.
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