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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

  • #5,481
  • Dec 3, 2013 7:20am Dec 3, 2013 7:20am
Quoting interputure
fibonacci 88.6 + strong supply zone + divergence + small round numbre of 0.82500 + the mobve to supply is very nice and smooth. although there's no pattern , seems like very nice trade that i'm currently in . what do you think? {image}

It looks like a butterfly pattern.
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  • #5,482
  • Dec 3, 2013 7:26am Dec 3, 2013 7:26am
USD/CHF didn't hold ... nothing to do , it happenes
  • #5,483
  • Dec 3, 2013 7:30am Dec 3, 2013 7:30am
Quoting interputure
USD/CHF didn't hold ... nothing to do , it happenes

Bat pattern.
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  • #5,484
  • Dec 3, 2013 7:32am Dec 3, 2013 7:32am
AUDUSD needed one more pip for cypher.
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  • #5,485
  • Dec 3, 2013 7:53am Dec 3, 2013 7:53am
Quoting hao
opportunities {image}
update: the difficult conditions the price move. everything back!
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Trading in the zone
  • #5,486
  • Dec 3, 2013 8:07am Dec 3, 2013 8:07am
Quoting hao
{quote} update: the difficult conditions the price move. everything back! {image}
case of rapid price increases. Be careful if the price goes to the blue square area.
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Trading in the zone
  • #5,487
  • Dec 3, 2013 8:08am Dec 3, 2013 8:08am
Quoting IenDzi
{quote} I am looking at this too. Waiting to complete bat pattern. But it could be gartley if you take shorter XA leg.
I do not see either pattern there is only a harmonic 1:1 or AB=CB which completed. I took it on that principle and the weakness at the round number. I entered a bit late because of the lack of confirmation.

We recently see an increase in momentum on the part of the bears which is critical for them in order to break through the demand zone. Lets see if the bear continue to push and close below the minor round number.

Remember I said if the bears do not get their act together soon they were in trouble and so was my trade which is why I went to BE. I guess they heard me LOL.
Attached Image (click to enlarge)
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If you fail to plan, you plan to fail.
  • #5,488
  • Dec 3, 2013 8:13am Dec 3, 2013 8:13am
Quoting gbmcgee
Mr. Pip, After watching your most recent video on post #5459 three times, and your response to Horuxito on post #5465, would you please give your followers/believers in you a brief explanation on any trade that you would have taken on the Nov. 13th chart, based on your understanding of price action and the strength/weakness of the price action activity? I do not reference this question based on any pattern that may have existed at the time, but simply market strength and weakness of price action that you observed, understood, and acted upon. Thanks...
I think it might be better to do it on live trades. Like the one currently posted. This way you can see how it is done in real time and without the benefit of hindsight.

This also allows you to see how the trade is managed as well. I don't want to be like the others that post thing with the benefit of hindsight sure it's an effective to as an example but the meat and potatoes happen in real time. It shows you that this is for real and no cherry picking is going on.
If you fail to plan, you plan to fail.
  • #5,489
  • Dec 3, 2013 8:16am Dec 3, 2013 8:16am
Quoting horuxito
{quote} Thank you for your reply. This is one of the biggest concerns maybe not only mine but of many traders. I think timing is escential as you mention and specially being capable to read price action, strenght/weakness as price is going through the different trouble/opportunity area rectangles that we previously draw. Hey, what about that, trouble/opportunity instead of supply and demand? Just a thought.
Your timing will improve as your ability to read the chart improves remember to always have an expectation as what price should do next. This will also help you time your entries. Be patient wait for price to tell you don't rush it.
If you fail to plan, you plan to fail.
  • #5,490
  • Dec 3, 2013 8:25am Dec 3, 2013 8:25am
Quoting gbmcgee
Mr. Pip, After watching your most recent video on post #5459 three times, and your response to Horuxito on post #5465, would you please give your followers/believers in you a brief explanation on any trade that you would have taken on the Nov. 13th chart, based on your understanding of price action and the strength/weakness of the price action activity? I do not reference this question based on any pattern that may have existed at the time, but simply market strength and weakness of price action that you observed, understood, and acted upon. Thanks...
Hey Gary,

Here are the most obvious ones you could have acted on. I think I got the second one but canned it after 10 pips. I sat on my hands the rest of the day which was extremely frustrating as my hesitation killed me. To see 50 pips slip away so quickly is like losing 50 pips. It totally deflates me especially when I should be up on these trades. Very damaging to your psyche.

I am pretty certain these are the ones Mr. Pip would take. There are a few riskier ones but these are the low hanging fruit. The last run would have been tricky for me as I tend to cut and run early right now. I'm looking for 20 a day so once I'm on the board I tend to get very conservative and picky. If you brought to BE and trailed you would have been rewarded well.

The reason I wanted this particular day done is that these days happen at least once a week. I want to be on them as they are rather easy to trade and extremely lucrative.

I'll let Mr. Pip fill you in more if he wants to elaborate on the details or correct my assumptions. My questions on this chart were answered in the Video so they can be disregarded.

As an exercise see if you can come up with at least 3 reasons to be in each trade I marked. The two big ones were based on small harmonics and orderflow, the other 3 were more orderflow trades. Hope this helps. Cheers.

John
Attached Image (click to enlarge)
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Finally out of the shadows.
  • #5,491
  • Dec 3, 2013 8:26am Dec 3, 2013 8:26am
Quoting interputure
Here's a trade that i'm taking. USD/CHF. Bullish gartley pattern. divergence. RSI in oversold. strong demand zone. AB=CD. small round number: 0.90500. i'm taking the trade a little bit below the 127 level ( in the 138.2 level ) and a little bit above the demand zone. taking from touch of the level because of the demand zone touch trading. stop a little bit below the demand zone . trading 0.02 lot, taking 0.01 lot in the weekly pivot ( 1:1 ) and than moving SL to BE and letting the price go all the way to almost 2:1 - to the small supply level up...
Be careful on that last leg price is accelerating into point D wait for a strong confirmation take your time build a good case for entry.
If you fail to plan, you plan to fail.
  • #5,492
  • Dec 3, 2013 8:32am Dec 3, 2013 8:32am
Thank you for the video yesterday! Immediate improvements. As you can see my trade management needs work I did some nickle and diming so far this morning but on better confidence than I have ever had up to this point. As I get more confident I'll try and post in real time. Cheers.
Attached Image (click to enlarge)
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Finally out of the shadows.
  • #5,493
  • Dec 3, 2013 8:33am Dec 3, 2013 8:33am
Quoting Mr. Pip
{quote} I think it might be better to do it on live trades. Like the one currently posted. This way you can see how it is done in real time and without the benefit of hindsight. This also allows you to see how the trade is managed as well. I don't want to be like the others that post thing with the benefit of hindsight sure it's an effective to as an example but the meat and potatoes happen in real time. It shows you that this is for real and no cherry picking is going on.
Damn! Didn't see this post shall I delete mine?
Finally out of the shadows.
  • #5,494
  • Dec 3, 2013 8:33am Dec 3, 2013 8:33am
Quoting interputure
fibonacci 88.6 + strong supply zone + divergence + small round numbre of 0.82500 + the mobve to supply is very nice and smooth. although there's no pattern , seems like very nice trade that i'm currently in . what do you think? {image}
The only thing that bothers me is that order flow is getting stronger.

I'm happy to see that Traders are starting to look for confluence areas and not just patterns. Great job!
If you fail to plan, you plan to fail.
  • #5,495
  • Dec 3, 2013 8:40am Dec 3, 2013 8:40am
Quoting gaf
Thank you for the video yesterday! Immediate improvements. As you can see my trade management needs work I did some nickle and diming so far this morning but on better confidence than I have ever had up to this point. As I get more confident I'll try and post in real time. Cheers. {image}
Welcome. Happy to hear that it helped!
If you fail to plan, you plan to fail.
  • #5,496
  • Dec 3, 2013 8:41am Dec 3, 2013 8:41am
Quoting gaf
{quote} Damn! Didn't see this post shall I delete mine?
No not at all.
If you fail to plan, you plan to fail.
  • #5,497
  • Dec 3, 2013 8:42am Dec 3, 2013 8:42am
Hi folks, this is my first post here. Just going to show my trade for the day. 1st pic finding Supply/Demand. 2nd the trade. Thank you for all your time Mr. PIP!!!
Attached Image(s) (click to enlarge)
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  • #5,498
  • Dec 3, 2013 8:49am Dec 3, 2013 8:49am
Quoting 76bronco
Hi folks, this is my first post here. Just going to show my trade for the day. 1st pic finding Supply/Demand. 2nd the trade. Thank you for all your time Mr. PIP!!! {image} {image}
Beautiful!!! Very nice work way to read the chart! Don't worry about getting out early this will happen sometime but great read!
If you fail to plan, you plan to fail.
  • #5,499
  • Dec 3, 2013 9:07am Dec 3, 2013 9:07am
Mr. PIP, I watch all of his videos Nov 13. it was great, explained many issues. Thanks for taking time for us. Thank you very much.
Trading in the zone
  • #5,500
  • Dec 3, 2013 9:35am Dec 3, 2013 9:35am
Well another scalp. Was hoping for this to be a bit more aggressive to the downside but looks like the bulls are still fighting and there was much bull into the agro C. 15 after fills and spread so I'll go take my shower and tend to my little one. Happy trading all!
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Finally out of the shadows.
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