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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

  • #5,401
  • Nov 30, 2013 4:32pm Nov 30, 2013 4:32pm
Quoting kumaramy
{quote} What is confluence ?

Brother you really need to do the work, I can lead you to water but you have to want to drink.
If you fail to plan, you plan to fail.
  • #5,402
  • Nov 30, 2013 4:33pm Nov 30, 2013 4:33pm
Quoting kumaramy
{quote} Ok. I read that. But god knows if we may or may not see confluence at current zone for buy.
That is your job, find the confluence build your case for entry based on the facts that are present at the time.
If you fail to plan, you plan to fail.
  • #5,403
  • Nov 30, 2013 4:40pm Nov 30, 2013 4:40pm
Quoting FineForex
{quote} its safe to trade double tops or double bottoms when you can recognize something that indicates price reversal, obviously. in my opinion the most important part is evaluating the strength of the supply or demand zone in which you are watching for a double top/bottom. if price has bounced from a certain level multiple times you can expect it will do so again, but this is not enough. the only time we expect a breakout is if PA is not reacting to that particular zone, so we need to evaluate each tick in the candle as it hits the zone. so what...
Bravo!!!!
If you fail to plan, you plan to fail.
  • #5,404
  • Nov 30, 2013 4:53pm Nov 30, 2013 4:53pm
Quoting interputure
Hello everyone , iwan to adapt that trading system to my current and combine them together. where can i learn about Harmonic patterns? where start to learn? where is advanced material? is there any tip? I would be glad if you provide me the learning material
..
  • #5,405
  • Nov 30, 2013 5:36pm Nov 30, 2013 5:36pm
Quoting headfake
{quote} 1321990 I see on 4hr quite a bit of confluence enough for a short term buying opp, Am I wrong? ABCD completion, 127 ext of AB leg of ABCD completion Aggressive C of possible bearish gartley Aggressive C of ABCD current CD leg of larger ABCD to be aware of some structure to the left {image}
This is why your command, this method no melt your account. You need to find out reverse signals.
Trading in the zone
  • #5,406
  • Nov 30, 2013 5:39pm Nov 30, 2013 5:39pm
MR. pips, please help. expectations up or down. thank
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPNZD (Daily) 5_22_2013 - 11_29_2013.jpg Size: 66 KB

or
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPNZD (Weekly) Week 14_2011 - Week 48_2013.jpg Size: 60 KB
Trading in the zone
  • #5,407
  • Nov 30, 2013 6:39pm Nov 30, 2013 6:39pm
I hope Mr pip doesnt mind me putting up some of these charts.. Looking forward to next week and in line with Mr pips techniques , eur/usd looks to be playing out some nice harmonics still a possible bat pattern, Gartley pattern and ABCD and aggressive C sell
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd abcd.jpg Size: 171 KB
Never said I was Batman,all I'm saying is you'll never see us together.
  • #5,408
  • Nov 30, 2013 11:11pm Nov 30, 2013 11:11pm
Quoting Mr. Pip
{quote} That is your job, find the confluence build your case for entry based on the facts that are present at the time.
Thanks Mr. Pip. I will try to figure out the confluence. And inform you time to time. Please guide me for the confluence when I will post charts so I would know where I am doing mistake about confluence. Good day!
-milkeyway
  • #5,409
  • Nov 30, 2013 11:17pm Nov 30, 2013 11:17pm
Quoting Mr. Pip
{quote} What kind of trader are you? This is a question we all need to ask ourselves. If you are a trader that likes to take profit on a daily basis then figure out the correct time frame for your style of trading. it is pointless to look at a daily or weekly chart is you are a short term trader. I see many traders over analyze and completely over think a simple process. Learn to read the chart on the time frame you feel comfortable trading. Everything you need to know is there on your chosen time frame. The order flow on the 4H, daily or weekly...
I like to use 1hr and 4 hr chart. I wish to keep trades open up to 3 days to 1 week. So, I look at big picture also in daily time frame. I have read in harmonic free edition book by Mr. Scott that we can use harmonic in any time frame but on daily it works too good.
-milkeyway
  • #5,410
  • Dec 1, 2013 3:08am Dec 1, 2013 3:08am
Hello Mr. Pip. I was testing harmonic on USDCHF daily and i pointed out that when i took fib measurement of swing pq, the point 1 is closed above 78.6% fib level. So, the pattern abcd became invalid.
Next I took fib measurement of swing qr, then i pointed out that point 2 is closed below 78.6% of fib level. So here also the pattern abcd became invalid.

My point is since point p to point s there is no trade happened because I was waiting for confluence between 61.8 -78.6 % fib level which was invalid. So there is only wait. No trade.

So I wonder how would you get rid of this kind of price action.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 43 KB
-milkeyway
  • #5,411
  • Dec 1, 2013 7:35am Dec 1, 2013 7:35am
Quoting interputure
Hello everyone , iwan to adapt that trading system to my current and combine them together. where can i learn about Harmonic patterns? where start to learn? where is advanced material? is there any tip? I would be glad if you provide me the learning material
Read post of this thread. Watch videos by Mr. Pip. Read this book by Mr. Scott.
Attached File(s)
File Type: pdf harmonics (1).pdf   2.7 MB | 601 downloads
-milkeyway
  • #5,412
  • Dec 1, 2013 9:17am Dec 1, 2013 9:17am
Is there any problem with that Gartley patter?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 47 KB

---
another question, where is the SL and TP of the trader?
  • #5,413
  • Dec 1, 2013 10:18am Dec 1, 2013 10:18am
Quoting interputure
Is there any problem with that Gartley patter? {image} --- another question, where is the SL and TP of the trader?
price closed above 78.6. I don't think it is a valid gartly. If you read the pdf i given, you would not ask the question about entry exit and sl. Watch videos by Mr Pip.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 43 KB
-milkeyway
  • #5,414
  • Dec 1, 2013 10:31am Dec 1, 2013 10:31am
Quoting kumaramy
{quote} price closed above 78.6. I don't think it is a valid gartly. If you read the pdf i given, you would not ask the question about entry exit and sl. Watch videos by Mr Pip. {image}
i have alreay posted 2 postes in this thread about getting help from you guys but you ignored me ...
"Hello everyone , iwan to adapt that trading system to my current and combine them together. where can i learn about Harmonic patterns? where start to learn? where is advanced material? is there any tip? I would be glad if you provide me the learning material "
so i didn't know where to start.
can you please navigate me to the things you recommended?
  • #5,415
  • Dec 1, 2013 10:47am Dec 1, 2013 10:47am
Quoting FineForex
{quote} its safe to trade double tops or double bottoms when you can recognize something that indicates price reversal, obviously. in my opinion the most important part is evaluating the strength of the supply or demand zone in which you are watching for a double top/bottom. if price has bounced from a certain level multiple times you can expect it will do so again, but this is not enough. the only time we expect a breakout is if PA is not reacting to that particular zone, so we need to evaluate each tick in the candle as it hits the zone. so what...
Thanks Fine! Maybe I'm looking for too much and complicating things. I just wanted to see what others are doing and it looks like you are doing the same with mor confidence than I. This helps me as now I'm not barking up the wrong tree. Thanks so much for your comments. Cheers!
Finally out of the shadows.
  • #5,416
  • Dec 1, 2013 10:53am Dec 1, 2013 10:53am
Quoting Mr. Pip
{quote} Ok I will address ranges this week but it will help you to have all this worked out ahead of time. Trying to come up with all these answer in really time is inefficient and not the right way to do this as you do not have the luxury of time on the lower time frames. Have an expectation wait for price to come to you asses strength or weakness and make a decision. then manage your trade accordingly.
Having a tutorial on ranges would be excellent! I know the theory well enough I just need a few more examples of charts and then I think I'm off to the races. As fine mentioned above I'm probably over thinking. If the Nov 13 video is causing you grief just scrap it and if you feel like it, post a messy chart and how you would trade it. I think that would destroy most of my questions. Hope you had a great Thanksgiving. Cheers.
Finally out of the shadows.
  • #5,417
  • Dec 1, 2013 10:58am Dec 1, 2013 10:58am
Quoting interputure
{quote} i have alreay posted 2 postes in this thread about getting help from you guys but you ignored me ... "Hello everyone , iwan to adapt that trading system to my current and combine them together. where can i learn about Harmonic patterns? where start to learn? where is advanced material? is there any tip? I would be glad if you provide me the learning material " so i didn't know where to start. can you please navigate me to the things you recommended?
Hey Interputure, Start at page 1 and work your way through the thread. This isn't something you can jump into right away. You will have to do some homework first. Read through then ask and we'll help you. Cheers.
Finally out of the shadows.
  • #5,418
  • Dec 1, 2013 11:57am Dec 1, 2013 11:57am
Quoting interputure
Hello everyone , iwan to adapt that trading system to my current and combine them together. pattewhere can i learn about Harmonic rns? where start to learn? where is advanced material? is there any tip? I would be glad if you provide me the learning material

where can i learn about Harmonic ? This thread

where start to learn? This thread

where is advanced material? Everything you need is in THIS THREAD

is there any tip? Read the thread from the start theres no short cuts

I would be glad if you provide me the learning material? Its here read it
Never said I was Batman,all I'm saying is you'll never see us together.
  • #5,419
  • Dec 1, 2013 12:32pm Dec 1, 2013 12:32pm
Hello everyone,

Nice replies by Mr. Pip. I can say we must think a lot about 2 of the things he said:

1. You don't need indicators because they make you lazy and create bad habits.
2. You need to learn to read your chart, the only TF you need is the current one.

(Unfortunatelly) I fail in both aspects. I believe in mine (because I coded them) but I agree that at the end of the day you don't need them. About using only 1 TF I think is the best we can do. I want to start focusing in that.

This is a nice video to see in your spare time about the Golden Section (or ratio) discovered by the greeks thousands of years ago. The good starts from min 9.

http://www.youtube.com/watch?v=-cJ8CL1497U
Best time to plant a tree was 20 years ago, second best is now
  • #5,420
  • Dec 1, 2013 8:27pm Dec 1, 2013 8:27pm
Quoting hao
MR. pips, please help. expectations up or down. thank {image} or {image}
You tell me. I have no clue where it is going. I can tell you where it is likely to go based on a number of factors but I would not be doing you a favor if I just told you.

Present your case identify strength, weakness. Find the areas of confluence that are stronger. Then build your case.

Tell me then I will tell you what I think.
If you fail to plan, you plan to fail.
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