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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

  • #5,321
  • Nov 27, 2013 7:49am Nov 27, 2013 7:49am
Quoting FineForex
{quote} the 233 tick with a high quality data feed is really incredible and a worthy investment, look into it

I hear you . But at this point I can't afford it. Until I can show consistency the wife will not ok more money to be spent on a hobby. So working my ass off every day to get there.
Finally out of the shadows.
  • #5,322
  • Nov 27, 2013 8:05am Nov 27, 2013 8:05am
Quoting Mr. Pip
Hello Traders, I have made a video but could not upload it to DCASTFX lost the log in information anyway here is the video. Please post any questions or comments and I will get to them http://youtu.be/u8eGrIvlCBQ
Nice to see you active again on the thread.
  • #5,323
  • Nov 27, 2013 8:15am Nov 27, 2013 8:15am
Quoting Mr. Pip
Hello Traders, I have made a video but could not upload it to DCASTFX lost the log in information anyway here is the video. Please post any questions or comments and I will get to them http://youtu.be/u8eGrIvlCBQ
Mr. PIP hello, I want to learn from the experiences of him, he can share what needs attention in the video??? His approach to note what??? What should be avoided?
thank you very much!!! respect!
Trading in the zone
  • #5,324
  • Nov 27, 2013 8:58am Nov 27, 2013 8:58am
Quoting kumaramy
Please give me fib levels to set in settings.
I use 382, 50, 618 and 786.

I want you to explain what you are seeing and what your expectation is and why. I can read the chart without a problem but I need to see where you are at so I can help you understand things better
If you fail to plan, you plan to fail.
  • #5,325
  • Nov 27, 2013 9:03am Nov 27, 2013 9:03am
Quoting gaf
{quote} I hear you . But at this point I can't afford it. Until I can show consistency the wife will not ok more money to be spent on a hobby. So working my ass off every day to get there.
I will go over the 13th chart and post it later in a video but this is not a hobby and those that look at this business with this mind set will not succeed.

This is a business! Treat it like a business or you are wasting your time.
If you fail to plan, you plan to fail.
  • #5,326
  • Nov 27, 2013 9:04am Nov 27, 2013 9:04am
Quoting Whenever
{quote} Nice to see you active again on the thread.
Thanks my friend good to see you back here.
If you fail to plan, you plan to fail.
  • #5,327
  • Nov 27, 2013 9:18am Nov 27, 2013 9:18am
Hello Mr. Pip.

This week has been great. I think harmonic expectations are the best way to plan your week and intraday goals. I have incorporated some of the projections to my learning process, particularly the AB = CD's and so far so good.

The H4 chart shows what my plan for the week is while the second is current intraday price action in my range bars chart.

Week:

Attached Image (click to enlarge)
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Day:

Attached Image (click to enlarge)
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This is a work in process yet but I wanna thank you for all the great help you are providing to all of us. No matter what strategy you trade at the end you can make a terrific plan using harmonics!
Best time to plant a tree was 20 years ago, second best is now
  • #5,328
  • Nov 27, 2013 9:20am Nov 27, 2013 9:20am
Great to see you active again my friend! Definitely missed your teachings. Will post as soon as I catch up.
Barry
  • #5,329
  • Nov 27, 2013 9:23am Nov 27, 2013 9:23am
Quoting Mr. Pip
{quote} I will go over the 13th chart and post it later in a video but this is not a hobby and those that look at this business with this mind set will not succeed. This is a business! Treat it like a business or you are wasting your time.
I know that; you'll have to talk to my wife on that one .

Thanks so much for that review!

I'm almost there and you know how hard I've been working, its pretty hard to keep your head up when everyone around you thinks you're crazy. Here are some quick trades for the day. I'm off to go shovel some snow . Cheers.
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Finally out of the shadows.
  • #5,330
  • Nov 27, 2013 9:49am Nov 27, 2013 9:49am
Quoting Mr. Pip
{quote} I use 382, 50, 618 and 786. I want you to explain what you are seeing and what your expectation is and why. I can read the chart without a problem but I need to see where you are at so I can help you understand things better
What i guess is leg bc could not close above 61% fib. So. xa leg becomes ab and similar length of ab becomes cd.
but please tell me in this strategy where to enter trade exactly ?
1] We have to enter trade when cd breaks low of ab ? or
2] structure of abc becomes completed and price starts to fall as cd. (before breaking low of ab)
If answer is 2] then how would we know that price will break low if we want to sell ? or if answer is 1] then still how would we know that price will break low ?
Attached Image (click to enlarge)
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-milkeyway
  • #5,331
  • Edited 10:40am Nov 27, 2013 10:05am | Edited 10:40am
Quoting kumaramy
{quote} What i guess is leg bc could not close above 61% fib. So. xa leg becomes ab and similar length of ab becomes cd. but please tell me in this strategy where to enter trade exactly ? 1] We have to enter trade when cd breaks low of ab ? or 2] structure of abc becomes completed and price starts to fall as cd. (before breaking low of ab) If answer is 2] then how would we know that price will break low if we want to sell ? or if answer is 1] then still how would we know that price will break low ? {image}
Hey Kumaramy!

You will have to read the thread a bit more as Mr. Pip has posted the rules for abcd trades earlier in the thread. We don't trade break outs as that's what retail does. We want wholesale so we enter at the beginning or ending of moves. The timing can be tricky but if you understand and have experience with orderflow, price action and structure you often have a good idea where the big guys are going to be buying and selling. Have a read and then ask about anything you don't understand. Cheers.

Edit: my daughter hit my mouse deleting some of the first sentence. Sorry about that.
Finally out of the shadows.
  • #5,332
  • Nov 27, 2013 11:46am Nov 27, 2013 11:46am
Quoting gaf
{quote} Hey Kumaramy! You will have to read the thread a bit more as Mr. Pip has posted the rules for abcd trades earlier in the thread. We don't trade break outs as that's what retail does. We want wholesale so we enter at the beginning or ending of moves. The timing can be tricky but if you understand and have experience with orderflow, price action and structure you often have a good idea where the big guys are going to be buying and selling. Have a read and then ask about anything you don't understand. Cheers. Edit: my daughter hit my mouse...
but I have just 3 years of experience of forex. Can you provide any video about how to understand the orderflow.?
-milkeyway
  • #5,333
  • Nov 27, 2013 12:30pm Nov 27, 2013 12:30pm
Quoting kumaramy
{quote} but I have just 3 years of experience of forex. Can you provide any video about how to understand the orderflow.?
The previous video gave you the explanation of order flow analysis. I'm afraid you'll have to go through the thread to learn how we trade here. This will take a few months so don't be in a rush. There's lots of awesome info in here. Cheers.
Finally out of the shadows.
  • #5,334
  • Edited 1:17pm Nov 27, 2013 1:03pm | Edited 1:17pm
Quoting gaf
{quote} The previous video gave you the explanation of order flow analysis. I'm afraid you'll have to go through the thread to learn how we trade here. This will take a few months so don't be in a rush. There's lots of awesome info in here. Cheers.
Currently I am surfing videos about order flow on youtube. I also watched orderflow video by Mr. pip. Order flow is very new thing for me. Can i use volume spread analysis with Harmonic strategy to get understand the strength of bulls vs bears/ bears vs bulls.? Can order flow be identified by pin bar and volume spread ?
-milkeyway
  • #5,335
  • Nov 27, 2013 1:26pm Nov 27, 2013 1:26pm
Quoting kumaramy
{quote} Currently I am surfing videos about order flow on youtube. I also watched orderflow video by Mr. pip. Order flow is very new thing for me. Can i use volume spread analysis with Harmonic strategy to get understand the strength of bulls vs bears/ bears vs bulls.? Can order flow be identified by pin bar and volume spread ?
Nope not the way we trade here. Its not the same orderflow as what others talk about. Cheers.
Finally out of the shadows.
  • #5,336
  • Nov 27, 2013 2:12pm Nov 27, 2013 2:12pm
Quoting gaf
{quote} Nope not the way we trade here. Its not the same orderflow as what others talk about. Cheers.
Thanks for stepping in.
If you fail to plan, you plan to fail.
  • #5,337
  • Nov 27, 2013 2:46pm Nov 27, 2013 2:46pm
Quoting Mr. Pip
{quote} Thanks for stepping in.

You are very busy.

I would be nowhere if not for you so if I can answer some of the simpler questions and save you some time I'll do my best as long as I don't infringe on your teachings. Cheers.
Finally out of the shadows.
  • #5,338
  • Nov 27, 2013 2:49pm Nov 27, 2013 2:49pm
Quoting gaf
{quote} You are very busy. I would be nowhere if not for you so if I can answer some of the simpler questions and save you some time I'll do my best as long as I don't infringe on your teachings. Cheers.
I made a video of Nov 13 for you and all but I did not like it. I will redo it and post. It takes lots of time to make, edit and upload a video. Thanks for the patience.
If you fail to plan, you plan to fail.
  • #5,339
  • Nov 27, 2013 4:31pm Nov 27, 2013 4:31pm
Quoting horuxito
{quote} Hi fine, I have an ABCD completion at current price action of your chart in EU, what do you think? http://www.forexfactory.com/showthread.php?p=7117187#post7117187
Oh nice I didn't even notice that but I did take a short there while practicing orderflow and expectations. entered because I saw the .3600 holding price down and then a NSL followed by a Lower High giving me a bearish expectation, the next swing was confirmation.

Your ABCD lined up perfectly
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  • #5,340
  • Nov 27, 2013 4:41pm Nov 27, 2013 4:41pm
Quoting FineForex
{quote} Oh nice I didn't even notice that but I did take a short there while practicing orderflow and expectations. entered because I saw the .3600 holding price down and then a NSL followed by a Lower High giving me a bearish expectation, the next swing was confirmation. Your ABCD lined up perfectly {image}
looking back on it now there was another one with the same length swing !

clockwork
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