Ratios & Harmonics: a Different Way to Trade | Page 291 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

"Ratios & Harmonics: a Different Way to Trade." Summary 37 replies

Learning to trade with harmonics 11 replies

Time for Change - Pivots & Harmonics to freedom 67 replies

180 reasons to trade Harmonics and Patterns 13 replies

Group Trading based on Elliott wave and Harmonics 0 replies

Attachments: Ratios & Harmonics: a Different Way to Trade
Exit Attachments

Ratios & Harmonics: a Different Way to Trade

  • #5,801
  • Dec 11, 2013 9:22am Dec 11, 2013 9:22am
Quoting 76bronco
My trades for the day folks. Hope they help out. {image} {image} {image} {image} {image}
nice man. I was a lil anxious when price failed to break the structure zone as well but figured it give it another shot and thankfully it did.

I should've changed my bias to bearish at the time you did, that was a nice call
  • #5,802
  • Dec 11, 2013 9:29am Dec 11, 2013 9:29am
Thanks, your doing an outstanding job yourself. Keep up the good work.
  • #5,803
  • Dec 11, 2013 9:32am Dec 11, 2013 9:32am
Finally got a trade entry!
cndl 1) bearish but not enough to take trade.
2) NSH
3) NSL now looking for short entry on retrace and LH
4) LH
5) bearish enough with previous 2 candle to take it short.
Attached Image (click to enlarge)
Click to Enlarge Name: PRZ 1.png Size: 75 KB
Attached Image (click to enlarge)
Click to Enlarge Name: PRZ 2.png Size: 61 KB
Attached Image (click to enlarge)
Click to Enlarge Name: PRZ 3.png Size: 77 KB
Barry
  • #5,804
  • Dec 11, 2013 9:39am Dec 11, 2013 9:39am
Quoting Bary
Finally got a trade entry! cndl 1) bearish but not enough to take trade. 2) NSH 3) NSL now looking for short entry on retrace and LH 4) LH 5) bearish enough with previous 2 candle to take it short.{image}{image}{image}
you still in ?

we could easily get downward continuation here soon
  • #5,805
  • Dec 11, 2013 9:44am Dec 11, 2013 9:44am
Quoting FineForex
{quote} -9. against momentum. yeah yeah {image}
Yeah I have decided early on that if I take an aggressive C then it will always be with trend and never against. Every single one against trend has failed for me so far (albeit only about 5 trades but enough for me to close that book).

On this though I took the aggressive C down from the ABCD starting A at 1.6425 which was the CD leg of your last trade long. Took out 34 pips here.
  • #5,806
  • Dec 11, 2013 9:46am Dec 11, 2013 9:46am
Quoting FineForex
{quote} you still in ? we could easily get downward continuation here soon

NO. Got out when it didn't hit TP 2 and retraced to my SL at TP 1
We could have another aggressive C entry soon though
Barry
  • #5,807
  • Dec 11, 2013 9:50am Dec 11, 2013 9:50am
Quoting Bary
{quote} NO. Got out when it didn't hit TP 2 and retraced to my SL at TP 1 We could have another aggressive C entry soon though

I was just about to make a case for a agrs "C" short but WOW...way to much momentum
Attached Image (click to enlarge)
Click to Enlarge Name: PRZ C.png Size: 89 KB
Barry
  • #5,808
  • Dec 11, 2013 9:58am Dec 11, 2013 9:58am
Quoting PipTrendz
{quote} Yeah I have decided early on that if I take an aggressive C then it will always be with trend and never against. Every single one against trend has failed for me so far (albeit only about 5 trades but enough for me to close that book). On this though I took the aggressive C down from the ABCD starting A at 1.6425 which was the CD leg of your last trade long. Took out 34 pips here.
I went for a double move here, after taking 34 on the aggressive C I then reviewed and went in for a reversal at D as the bulls looked like they were on the attack.

I decided to take all profit at normal TP1 38% as the momentum still seems to be down so another 12 pips there.

Attached Image (click to enlarge)
Click to Enlarge Name: 2 wins.png Size: 15 KB
  • #5,809
  • Dec 11, 2013 10:17am Dec 11, 2013 10:17am
Quoting PipTrendz
{quote} I went for a double move here, after taking 34 on the aggressive C I then reviewed and went in for a reversal at D as the bulls looked like they were on the attack. I decided to take all profit at normal TP1 38% as the momentum still seems to be down so another 12 pips there. {image}

Nice trade, but aggressive!

Was looking for a short but didn't give me an entry as I wanted it come up alittle more.
Barry
  • #5,810
  • Dec 11, 2013 10:20am Dec 11, 2013 10:20am
Quoting PipTrendz
{quote} Yeah I have decided early on that if I take an aggressive C then it will always be with trend and never against. Every single one against trend has failed for me so far (albeit only about 5 trades but enough for me to close that book). On this though I took the aggressive C down from the ABCD starting A at 1.6425 which was the CD leg of your last trade long. Took out 34 pips here.
damn you live in Europe? that move started at 4am for me lol.

i need to control the urge to take those agro Cs against long term orderflow. its just really simple, don't take em
  • #5,811
  • Edited 10:41am Dec 11, 2013 10:22am | Edited 10:41am
Quoting gaf
{quote} I know you do that's what frustrates me so. You know my ability to read; its better that passable. I just can't seem to get consistent results no matter which plan I follow. I simply don't know what I'm doing wrong. I've had several iterations of plans but if I stick to agro C's and ab=cd I end up missing many orderflow entries particularly if I have a bad read I'm often out for the day. For orderflow entries where is the optimal stop 15 pips, below the 127% I find I have too much freedom and therefore difficulty optimizing my...
Gaf,

You might want to read
Trading in the Zone: Master the Market with Confidence, Discipline and a Winning Attitude (http://www.amazon.com/Trading-Zone-Confidence-Discipline-Attitude/dp/0735201447/ref=sr_1_1?ie=UTF8&qid=1386778267&sr=8-1&keywords=trading+in+the+zone)

Ive highlighted two statements that stand out to me that might be alleviated with the below 'winning mentality beliefs.' See if the below truths and reasons you're a consistent winner make sense to you. Basically, you don't need to know what is going to happen in order to make money. And it feels good to understand this (aka makes trades on it). really really good ....

Five Fundamental Truths
1. Anything can happen.
2. You don't need to know what is going to happen in order to make money.
3. There is a random distribution between wins and losses for a given set of variables that define an edge.
4. An edge is nothing more than an indication of a higher probability of one thing happening over another.
5. Every moment in the market is unique.

I am a consistent winner because ...
1. I objectively identify my edges.
2. I predefine the risk of every trade.
3. I completely accept the risk or I am willing to let go of the trade.
4. I act on my edges without reservation or hesitation.
5. I pay myself as the market makes money available to me.
6. I continually monitor my susceptibility for making errors.
7. I understand the absolute necessity of these principles of consistent success and therefore, I never violate them.
  • #5,812
  • Dec 11, 2013 10:38am Dec 11, 2013 10:38am
Nice trade and trade management Barry
  • #5,813
  • Dec 11, 2013 10:41am Dec 11, 2013 10:41am
Great job guys had to step away for a bit and now again. I will work on that video later today lots going on here right now just an update on that Bat still in and down lets see if we can get a nice rejection off of the 1.3800 on the retest. We have made a NSH overall which is not good but we will see what plays out.
If you fail to plan, you plan to fail.
  • #5,814
  • Dec 11, 2013 10:52am Dec 11, 2013 10:52am
Wow, 40 unread posts since last night. This thread is getting veery busy! That's wonderful.
Best time to plant a tree was 20 years ago, second best is now
  • #5,815
  • Dec 11, 2013 10:56am Dec 11, 2013 10:56am
Quoting horuxito
Wow, 40 unread posts since last night. This thread is getting veery busy! That's wonderful.
And Mr. Pip is also getting very busy that he is unable to reply.
-milkeyway
  • #5,816
  • Dec 11, 2013 11:51am Dec 11, 2013 11:51am
Quoting FineForex
{quote} damn you live in Europe? that move started at 4am for me lol. i need to control the urge to take those agro Cs against long term orderflow. its just really simple, don't take em
Lol yeah in the UK here, get some good trading time too Guess you are the other side of the pond?

You not up at 4am, man you lazy
  • #5,817
  • Dec 11, 2013 12:27pm Dec 11, 2013 12:27pm
Quoting 76bronco
My trades for the day folks. Hope they help out. {image} {image} {image} {image} {image}
Again goo trading, this is how I see trading in a nutshell, great post

Quoting hao
{quote} confluence of these elements in D yet? how many factors? It is not the business where good command. a comparison sample balance price. Enter the command where it is beautiful. If the price goes green ellipse on I will stop moving. {image} {image} {image}
Thanks hao, I think I see your point in here, so am trying to do the same as well to find stick t confluence and structure to confirm entry to trading time frame, especially to confirm reversal
I Have Learned to Take Some Losses to Make Profits
  • #5,818
  • Dec 11, 2013 12:43pm Dec 11, 2013 12:43pm
I might be being thick here and completely missing this but is there any pattern where the AB retracement of XA is BETWEEN 50-61.8%?
  • #5,819
  • Dec 11, 2013 1:29pm Dec 11, 2013 1:29pm
Quoting kumaramy
{quote} And Mr. Pip is also getting very busy that he is unable to reply.
It will depend on what type of question you are asking.

I started to read the whole thread 2 days ago. Many of the questions I've got have already been answered with great detail.

Have you read the thread already? My advice is that you go directly to Mr. Pip's profile, click Posts and start reading one by one from the very beggining.

I think he is managing this thread very proffesionaly, which isn't an easy task to do.

Let me quote for example forexhard, the creator of the famous SSBO thread:

Quote
Everyone else: When I reply to someone, please realize I am replying not only to them, but to the rest of you as well. So in my mind my messages are being read by at least 200 people within hours of being posted. So I pick and choose which postings to reply to in order to give back to the thread the best possible guidance. So this means 2 things: First, that I will not reply to every single post. And second, when I do reply, don't take it personally if I come off too strong for your taste. The answer is not for you alone.
Best time to plant a tree was 20 years ago, second best is now
  • #5,820
  • Dec 11, 2013 1:30pm Dec 11, 2013 1:30pm
Quoting PipTrendz
I might be being thick here and completely missing this but is there any pattern where the AB retracement of XA is BETWEEN 50-61.8%?
No, I dont believe there is, in mr pip's rules. Using the rules in the harmonic book, the only pattern (out of the 4 patterns: bat, butterfly, gartley, and crab) which has such a retracement is the crab pattern, and they allow a retracement between 38.2% and 61.8%.
73 traders viewing now