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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

  • #5,741
  • Dec 10, 2013 8:31am Dec 10, 2013 8:31am
Quoting FineForex
{quote} out for 16, and made 5 back in yen {image}
Very nice, I got in sooner than that as this is what I saw earlier. Got in and out for 9 pips so not too bad. Although, did I get a bit lucky here? Not sure I should have entered there or not for an aggressive C. It was in the direction of the market so thought it was good?

Middle red line and arrow indicate entry and stop loss as the bottom red line.

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BTW, your charts look so much cleaner than mine on the 233 tick, is that with Kinetick too?
  • #5,742
  • Dec 10, 2013 9:05am Dec 10, 2013 9:05am
Quoting PipTrendz
{quote} Very nice, I got in sooner than that as this is what I saw earlier. Got in and out for 9 pips so not too bad. Although, did I get a bit lucky here? Not sure I should have entered there or not for an aggressive C. It was in the direction of the market so thought it was good? Middle red line and arrow indicate entry and stop loss as the bottom red line. {image} BTW, your charts look so much cleaner than mine on the 233 tick, is that with Kinetick too?
nah not luck u took an agro C long in a bull market, usually works. hard to hold it so long overnight too lol I cant do that.

yeah kinetick its bomb
  • #5,743
  • Dec 10, 2013 9:10am Dec 10, 2013 9:10am
Quoting FineForex
{quote} out for 16, and made 5 back in yen {image}
He he he. I think I was on the other side of your trade . Deliberately left to eliminate emotion. I need to get used to losing so this is a good start! I've noticed that most of my losing trades are D trades against trend so I guess I'll have to modify my plan .
Attached Image (click to enlarge)
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Finally out of the shadows.
  • #5,744
  • Dec 10, 2013 9:51am Dec 10, 2013 9:51am
Quoting gaf
{quote} He he he. I think I was on the other side of your trade . Deliberately left to eliminate emotion. I need to get used to losing so this is a good start! I've noticed that most of my losing trades are D trades against trend so I guess I'll have to modify my plan . {image}
I took a short at the higher abcd and lost 10. im an idiot because in my trade plan im not allowed to take trades against orderflow. lost my discipline there
  • #5,745
  • Dec 10, 2013 9:58am Dec 10, 2013 9:58am
Quoting gaf
{quote} He he he. I think I was on the other side of your trade . Deliberately left to eliminate emotion. I need to get used to losing so this is a good start! I've noticed that most of my losing trades are D trades against trend so I guess I'll have to modify my plan . {image}
You can resist the command line, the reason your trading is what?, Reverse signs?
I checked the Piptrendz point D, I see a Fib expansion and no signs of reversal. You know what is the fork?
http://www.forexfactory.com/showthread.php?p=6322854#post6322854
Trading in the zone
  • #5,746
  • Dec 10, 2013 10:19am Dec 10, 2013 10:19am
Quoting hao
{quote} You can resist the command line, the reason your trading is what?, Reverse signs? I checked the Piptrendz point D, I see a Fib expansion and no signs of reversal. You know what is the fork? http://www.forexfactory.com/showthread.php?p=6322854#post6322854
atleast hes posting charts. where are your trades hao?
  • #5,747
  • Dec 10, 2013 10:21am Dec 10, 2013 10:21am
Quoting hao
{quote} You can resist the command line, the reason your trading is what?, Reverse signs? I checked the Piptrendz point D, I see a Fib expansion and no signs of reversal. You know what is the fork? http://www.forexfactory.com/showthread.php?p=6322854#post6322854
Well for some reason I was thinking range overshoot despite the momentum into the reversal area. I'm not using fib expansions at these points as there's always some fib you can believe in. My reasoning was decreased projection. Failure to go higher @ R. I was fearful of missing the larger move so I entered too early my timing is always an issue when trading, something I'm working on. Both were losing trades as it turned out but getting in higher I may have reconsidered as by that time price as closed above structure and may find support . Yes candles started to show bull strength but I was not around to manage. I find that I often read strength or weakness poorly in these areas so I'm always pulling my trade too soon.

Not sure what the fork is.
Finally out of the shadows.
  • #5,748
  • Dec 10, 2013 10:25am Dec 10, 2013 10:25am
Quoting FineForex
{quote} I took a short at the higher abcd and lost 10. im an idiot because in my trade plan im not allowed to take trades against orderflow. lost my discipline there
I'm having trouble reading as that top is coming back rather sharply now. abcd correction down but orderflow has probably changed. The sluggish movement of the price always gets me confused in these areas. It often explodes out if I'm on the sidelines or grinds lower if I were in the trade. I find these decisions tough to make. I mean technically agro C for the longer term orderflow up but we've made new structure on strength and my weak pullback didn't come from that last great projection.
Attached Image (click to enlarge)
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Finally out of the shadows.
  • #5,749
  • Dec 10, 2013 10:51am Dec 10, 2013 10:51am
Quoting gaf
{quote} I'm having trouble reading as that top is coming back rather sharply now. abcd correction down but orderflow has probably changed. The sluggish movement of the price always gets me confused in these areas. It often explodes out if I'm on the sidelines or grinds lower if I were in the trade. I find these decisions tough to make. I mean technically agro C for the longer term orderflow up but we've made new structure on strength and my weak pullback didn't come from that last great projection. {image}

I perceived the slowness at top of ABCD as compression to supply, thought it was gonna plummet down.
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  • #5,750
  • Edited 11:55am Dec 10, 2013 10:54am | Edited 11:55am
Quoting hao
{quote} You can resist the command line, the reason your trading is what?, Reverse signs? I checked the Piptrendz point D, I see a Fib expansion and no signs of reversal. You know what is the fork? http://www.forexfactory.com/showthread.php?p=6322854#post6322854
I still find it extremely difficult to understand those sings of reversals, so is it possible to explain about your theory of sign or reversals

I ask because sometime I plot fibs and structure confluence but cant understand those sings of reversals

For example, today there was a gartley on NZD/USD M15 , it seems to start to work and only then it reverses back continuing the trend

I think below is the correct one after checking with a friend
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I Have Learned to Take Some Losses to Make Profits
  • #5,751
  • Dec 10, 2013 10:55am Dec 10, 2013 10:55am
Quoting FineForex
{quote} I perceived the slowness at top of ABCD as compression to supply, thought it was gonna plummet down. {image}
This was also my mistake. I have a hard time determining whether price is accepting a level or slowing down to reverse. Yes we have nsh but on waning momentum here. Looking at my previous charts price often reverses violently from these areas as well although much better with structure. I guess I have to study more to see when it is more favorable for one to occur over the other. Glad I'm not the only one having trouble with this . Cheers!
Finally out of the shadows.
  • #5,752
  • Dec 10, 2013 11:33am Dec 10, 2013 11:33am
Placed another trade a while ago, just waiting for it to play out as it is bouncing around at the moment.

I placed the trade at the yellow dot as it completed a Gartley and ABCD pattern (also an area of S/R just below the PRZ). GBPUSD 5M TF.

SL is the bottom red dashed line and the TP at the 61.8 of ABCD structure (should this go higher than this?). Seemed to get a little stuck at an area of S/R that it cannot break at the moment.

Not sure which way this will go at the moment, the long term trend on bigger TF is bullish so think when it breaks out of this it will go up but will have to wait and see.

Feedback and thoughts welcome.

Attached Image (click to enlarge)
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  • #5,753
  • Dec 10, 2013 11:39am Dec 10, 2013 11:39am
Quoting gaf
{quote} This was also my mistake. I have a hard time determining whether price is accepting a level or slowing down to reverse. Yes we have nsh but on waning momentum here. Looking at my previous charts price often reverses violently from these areas as well although much better with structure. I guess I have to study more to see when it is more favorable for one to occur over the other. Glad I'm not the only one having trouble with this . Cheers!
dude. this is what we should have seen and planned for. damn
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  • #5,754
  • Dec 10, 2013 12:11pm Dec 10, 2013 12:11pm
Quoting FineForex
{quote} dude. this is what we should have seen and planned for. damn {image}

Ya sometimes I don't go far enough back and sometimes that just confuses me. But that one is pretty clear with a secondary abcd to guide it.
Finally out of the shadows.
  • #5,755
  • Dec 10, 2013 12:54pm Dec 10, 2013 12:54pm
Quoting Forexbuster
{quote} Mr. pips so the pattern is just a set-up to get on or rdy on the trade its still depend on 1hr candle price action to hit the trigger right? = )
You are partially correct, it does not matter the TF you use but the lower the TF the Better the Fill you will usually get. When a particular setup or pattern completion appears on your chart you must evaluate the order flow and bar by bar to confirm weakness and strength building in the direction you are looking to take.
If you fail to plan, you plan to fail.
  • #5,756
  • Dec 10, 2013 12:55pm Dec 10, 2013 12:55pm
Quoting Alert691
Thanks for the PA video by MrPips. At last someone who knows! Cheers.

Welcome. Practice this exercise as much as you can and soon seeing strength and weakness will become easy.
If you fail to plan, you plan to fail.
  • #5,757
  • Dec 10, 2013 1:06pm Dec 10, 2013 1:06pm
Quoting PipTrendz
Hi Mr Pip, Just wondering if you could give some feedback on a trade I made last week. I have now had the time to go through most of the thread again and refresh my memory and clearly was missing some things. I have started a trading log so I can analyse any mistakes further and identify any issues with my trading setups. Okay so here is the chart I was looking at last week, the daily EURUSD. I entered the trade when the last candle was bearish and put the stop loss above structure. {image} Then this is now... {image} So the way I see it I entered...
Hello,

The first this I would tell you is to pay close attention to the order flow. It was strengthening on the bulls side good projection and weak depth indicates strength also never make a decision on a candle that has not closed. And lastly you need to find confluence and drop down to a lower TF for a more precise entrance.
If you fail to plan, you plan to fail.
  • #5,758
  • Dec 10, 2013 1:09pm Dec 10, 2013 1:09pm
Quoting gaf
{quote} He he he. I think I was on the other side of your trade . Deliberately left to eliminate emotion. I need to get used to losing so this is a good start! I've noticed that most of my losing trades are D trades against trend so I guess I'll have to modify my plan . {image}
Counter productive and a poor way to handle your process. Get it together, I know you can do this! Get a plan together write down some rules and follow them period.
If you fail to plan, you plan to fail.
  • #5,759
  • Dec 10, 2013 1:12pm Dec 10, 2013 1:12pm
Quoting FineForex
{quote} I took a short at the higher abcd and lost 10. im an idiot because in my trade plan im not allowed to take trades against orderflow. lost my discipline there
A price is usually paid when you break your rules and not follow your plan and it usually is not a favorable one. Don't beat yourself up learn from it and stick to your plan.
If you fail to plan, you plan to fail.
  • #5,760
  • Dec 10, 2013 1:18pm Dec 10, 2013 1:18pm
Quoting Mr. Pip
{quote} A price is usually paid when you break your rules and not follow your plan and it usually is not a favorable one. Don't beat yourself up learn from it and stick to your plan.
thanks for the encouraging words sir.
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