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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

  • #6,001
  • Dec 13, 2013 2:39pm Dec 13, 2013 2:39pm
Quoting Prabesh
Hi Mr. Pip, thanks for helping us out to understand your way of trading. The last video was especially helpful... I tried to follow the same and got it right and was able to close at +17 pips profit. I have attached the image file of AUD/USD trade i took this morning.... I hope it was not a fluke as the price had gone against my expectations and corrected deeper; only later for the price to fall... Please find attached sheet and any comments would be valuable.... I think i did well, will try another trade on Monday and see if i can get it right....
Very nice work! Your entries will improve as your expectations improves and you work on Bar by Bar Analysis. Keep up the good work!
If you fail to plan, you plan to fail.
  • #6,002
  • Dec 13, 2013 2:43pm Dec 13, 2013 2:43pm
Quoting pandupr2
Hai Fellow traders, good evening to you all. I am new to this trade. Oflate, I became interested in trading Harmonics, but dont know how to proceed. I invite your valuable suggestions on How to about trading the Harmonics. Hope to receive guidance through you, with warm regards, Pandupr2
I know it may be painful but click on my profile and there you can see all my posts and videos also read harmonic trading by scott carney.
If you fail to plan, you plan to fail.
  • #6,003
  • Dec 13, 2013 2:44pm Dec 13, 2013 2:44pm
Quoting headfake
{quote} Hi Kumaramy If I may make a suggestion regarding what your trying to do, you seem to be getting a bit overloaded information wise, so maybe a little exercise for next week..stay away from forums and for a few hours at least every day watch a price chart preferably 5mins tf on one currency cross.. Do this for 1 week with no outside influences.. Keep it simple and just watch the price action... do this and I guarantee a few things will click.. let us know how you get on in a week
Great suggestion!
If you fail to plan, you plan to fail.
  • #6,004
  • Dec 13, 2013 2:46pm Dec 13, 2013 2:46pm
Quoting Mr. Pip
{quote} Excellent work today John! How did it feel? Keep at it and you will soon become a Jedi Master as well. Way to put in the screen time and homework. This is how I way able to learn this but over a much longer period of time as it was just me. Remember to stay ahead of price. Really proud!
Fantastic! I am sorry for being so slow. I am sorry for frustrating you. I am motivated to show that you have not wasted your time with me.

Our previous live trade sessions may not have stuck properly before but now thanks to that last video things have clicked and I now know how to practice. One of the coolest parts of that video was on the last swing where you noted that due to bearish momentum the previous deep pullback may be tempered a bit. I learned a lot from that as my reading is still a bit pedantic in certain places. This is where the experience of a master differs from the that of a student .

I am starting to see where I should be trading and places where I can be aggressive. I am also seeing that I may need a data provider as I would be able to hop on the trades I mentioned had I had the extra bars I'm seeing on other charts. Still lots of practice to put in but at least now I'm on the right track. I can't thank you guys enough. Cheers.

John
Finally out of the shadows.
  • #6,005
  • Dec 13, 2013 3:15pm Dec 13, 2013 3:15pm
Hey Traders, My apologies but I will not be able to get the entries on my trades to you today. Time got the best of me this afternoon and I don't want to rush it since so many had the same question.

I promise to get it done sometime tomorrow and get it out to you all 4 trades. Enjoy your weekends!

Family Calls!
If you fail to plan, you plan to fail.
  • #6,006
  • Dec 13, 2013 3:28pm Dec 13, 2013 3:28pm
Quoting Mr. Pip
Hey Traders, My apologies but I will not be able to get the entries on my trades to you today. Time got the best of me this afternoon and I don't want to rush it since so many had the same question. I promise to get it done sometime tomorrow and get it out to you all 4 trades. Enjoy your weekends! Family Calls!
look forward to that have a good one
Never said I was Batman,all I'm saying is you'll never see us together.
  • #6,007
  • Dec 13, 2013 4:39pm Dec 13, 2013 4:39pm
Quoting horuxito
{quote} Hey Mr. Pip. I'm quoting myself here but since I'm reading the whole thread again I found a picture of yours made back in January about the triple equal harmonic projection I was mentioning. Yesterday I also posted a picture which is similar. It happens A LOT and is extremelly powerful. Do you have any thought process for this kind of harmonic projections? Taken from Post #668 (http://www.forexfactory.com/showthread.php?p=6341113#post6341113) {image} And this is the picture of my previous [url=http://www.forexfactory.com/showthread.php?p=7151583#post7151583]post...
Hey man , Waht is that tool box in the right side of the MT4 and hot do you draw this type of rectangles?
  • #6,008
  • Dec 13, 2013 6:17pm Dec 13, 2013 6:17pm
I want to thank Damian for the magnificent work he's taking in reading all and each of our posts.

I also want to second his post about there not being any shortcuts in this journey. Is true, there isn't any.

Maybe a person was lucky and found an EA that will deliver some profits, but after some weeks it will stop working because market conditions change. It is the all time constant.

We all believe we can find the hidden secret and engage ourselves in the quest for the holy grail. It's a pity that we think the grail is an object, that some indicator will give us that something.

The holy grail exists but is not any inicator or some secret formula... is the trader him or herself. The quest is a never ending path

Sometimes we see traders with 3 years of "experience", but here's the thing: 3 years of been doing the wrong thing.

The realization moment in which you say "screw indicators!" won't come easy. It'll take months, sometimes years. However it is of great value to finally remove them from our charts. It never is too late.

Reading this thread is worth every minute of your time. You can read like 20 pages per day, taking notes and grabbing some links of pictures for further analysis. It will take you like 10 days to get a complete grasp of this harmonics thing. You will easily identify the traders whose posts are valuable or you could simply skip them all and read only Mr. Pip's ones.

It is COMPLETELY UNACCEPTABLE to come to page 300 and ask something that had already been answered with great detail. Things like: "what is an agressive trade", "what does prz mean", "what are these 233 tick charts". And don't get me wrong, every question is well received here but are you showing some effort prior to make it?

This is just my opinion but I think Mr. Pip is introducing some new concepts or getting into a deep level of detail and those questions just stop the healthly process of this thread, so do us all a favor and please read the whole thread I guarantee that you will receive answers or corrections to your thinking process if the veterans perceive you've made your effort. Who knows, maybe you and I will become veterans as well
Best time to plant a tree was 20 years ago, second best is now
  • #6,009
  • Dec 13, 2013 6:31pm Dec 13, 2013 6:31pm
Quoting interputure
{quote} Hey man , Waht is that tool box in the right side of the MT4 and hot do you draw this type of rectangles?
Is an indicator I'm currently working on, some sort of "harmonics mt4 suit". When I double click in the icons of that toolbar and draw them to the chart I will get a new rectangle, triangle, trendline or fibonacci object. The "b" generates borders to the rectangles and triangles.

It's friday and the market is close so I'm not getting more ticks and one of the things I did was to optimize the code so it only made tasks every 15 seconds. However I need to consider the offline stuff. Maybe with the Fibo tool I shared some hours ago as well.

To put borders to a rectangle you do this:

- Draw a DarkOliveGreen rectangle
- Double click and duplicate it
- Then double click the second and then right click on it to change the properties with color: LimeGreen and uncheck the option "draw object as background"
- Voilá, you have a bordered rectangle!

However, it is ridiculous to perform those actions while you are trading. You need some indicator to do that for you. That's why I coded one. I will share it once I'm confortable with the way it works.

Quoting headfake
{quote}nice work I'll try it in my mt4 thanks for sharing, can you make the woman say ur name too ? that would be cool lol!!
Yeah, it'd be cool!
Best time to plant a tree was 20 years ago, second best is now
  • #6,010
  • Dec 13, 2013 7:48pm Dec 13, 2013 7:48pm
Mr Pip at the Santas Forest. I'm the ugly guy with the black sweater, LOL
Attached Image (click to enlarge)
Click to Enlarge Name: image.jpg Size: 1.7 MB
If you fail to plan, you plan to fail.
  • #6,011
  • Dec 13, 2013 7:56pm Dec 13, 2013 7:56pm
Quoting Mr. Pip
Mr Pip at the Santas Forest. I'm the ugly guy with the black sweater, LOL {image}
Damn! Right when I was going to have a salad I had to see this picture! The only ugly thing I see is me not being the guy next to you having a bite!

Nice photo and good to see you enjoying a good time with your friend
Best time to plant a tree was 20 years ago, second best is now
  • #6,012
  • Dec 13, 2013 8:02pm Dec 13, 2013 8:02pm
Quoting horuxito
{quote} Damn! Right when I was going to have a salad I had to see this picture! The only ugly thing I see is me not being the guy next to you having a bite! Nice photo and good to see you enjoying a good time with your friend
thanks it's my wife's cousins husband. Lol
If you fail to plan, you plan to fail.
  • #6,013
  • Dec 13, 2013 8:12pm Dec 13, 2013 8:12pm
Quoting Mr. Pip
{quote} thanks it's my wife's cousins husband. Lol
That family chain sounded complicated haha, something like a crab pattern, just kidding

Some fun to end this week:

Attached Image


Attached Image


This cat really has a trading plan:

Attached Image


Attached Image
Best time to plant a tree was 20 years ago, second best is now
  • #6,014
  • Dec 13, 2013 8:52pm Dec 13, 2013 8:52pm
Big Pip and Little Pip at Santas
Attached Image (click to enlarge)
Click to Enlarge Name: image.jpg Size: 1.5 MB
If you fail to plan, you plan to fail.
  • #6,015
  • Edited 10:09pm Dec 13, 2013 9:35pm | Edited 10:09pm
Quoting Mr. Pip
Big Pip and Little Pip at Santas {image}
Nice pic with Santa. She's beautiful! Congratulations man!

I read somewhere Santa's Enchanted Forest is the biggest thematic park of its kind in the entire world. Great time with the family
Best time to plant a tree was 20 years ago, second best is now
  • #6,016
  • Dec 13, 2013 11:34pm Dec 13, 2013 11:34pm
Mr. Pip,

Thanks for sharing your personal photos (you are definitely family oriented). My wife and I have always instilled in our children that the recipe for happiness in life is based on having our priorities in order...that being first our Lord, family, health, and education. Damian, I respect and appreciate your personal commitment to share your trading knowledge with followers of this thread. I state, "The heavens only know how extremely patient you are as a man and educator", and any person of average intelligence and moxie can appreciate this statement...you have never made a statement on this thread that was not necessary and professional. Certain and inalienable rights are associated with the responsibility of being the initiator of a worldwide thread. You have served as the catalyst for many of us, and our hopes have been renewed towards becoming successful forex traders. I simply cannot choose the appropriate words to accurately describe how sincerely I feel regarding your unselfish devotion to help us.

Thank you,
Gary
  • #6,017
  • Dec 13, 2013 11:37pm Dec 13, 2013 11:37pm
Quoting Mr. Pip
Mr Pip at the Santas Forest. I'm the ugly guy with the black sweater, LOL {image}

thats the biggest chicken drumstick ive ever seen ! !!
Never said I was Batman,all I'm saying is you'll never see us together.
  • #6,018
  • Dec 14, 2013 1:52am Dec 14, 2013 1:52am
Quoting Mr. Pip
Big Pip and Little Pip at Santas {image}
Daddy....Ive been looking everywhere for you. To think the whole time you were right here!





Can I borrow the Jet?

lol thanks for sharing and staying cool

Enjoy, have fun, trade your plan, make a great day, do your own due diligence and may we all make bank!!
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #6,019
  • Dec 14, 2013 2:15am Dec 14, 2013 2:15am
Quoting Mr. Pip
{quote} I have no patience for comments like this and for Traders that are looking for shortcuts. I'm here and some of my friends and colleagues as well to help you progress but you have to put in the effort. Your comment shows total lack of respect for the work we are putting in here. We are doing our part now you must do yours. I can tell you have not read through the material and you are looking for shortcuts. Common sense should tell you that the level of detail you are asking me to provide on each trade is not possible on the time frame that...
Hello Mr. Damian.
How are you? Sir, I don't understand why you think that I am asking for shortcut. You are misunderstanding something about me or the way I am asking to teach/learn. I just want a different way to learn that can be easier to understand as I given you example of my Accountancy teacher in some post http://www.forexfactory.com/showthread.php?p=7154694#post7154694. I did not ask for details of your every trade. I did not even ask or meant to share you your live opened trade. I only asked explanation & reasons of a single trade that is already done/closed. (single trade/day. Each trade of single day not necessary) So, I can figure out the common repeated reasons and the repeated things that you look for trade. So, please do not misunderstood that I am asking for any kind of shortcut. It is just a different way to learning/teaching that I am looking for.

& First of all I am very very sorry if I gave any non-respectful comment by mistake here for you or for anyone else. Yes. I remember the comment in post http://www.forexfactory.com/showthread.php?p=7150704#post7150704. But Sir, the comment was not given for the purpose of insulting you. The fact is I was very happy when horuxito said the thread is getting busy. So, in the happy mood (not upset because of you were busy) I told the fact that Mr. Pip is also getting busy that he is unable to reply. So, tell me if you are becoming busy person that means if your value is growing, is that sad/upset thing for me? Never. If you are becoming busy busy and busy that would be happiest moment for me because you are getting popular and valuable. So in that sense I told that "Mr. Pip is also getting busy" because I was happy for that. Not because you were unable to reply me (even i wrote that). Now I understand the point that just because I wrote "unable to reply", you are assuming I wrote that post purposefully because you didn't reply me. But it not true sir. Both things got mixed there. So, please don't take any wrong meaning from it. You are my teacher. And in India we assume Teachers equal to our parents. So, I would not even think to insult you. You are giving valuable teaching us. I know what we are getting from you can not be compared with cost. Still if you think I insulted you then I am very very sorry again from my heart. Please do not misunderstand and upset for me. As I am about to learn much more things from you. And please forgive me if I make any mistake in future as I am a college student and I don't have sense how to talk with elder people. You are like my Elder Brother, Parent and Teacher ! If you will upset like this, I will feel like I lost my parents in this thread. So, please forgive me.
Thanking you.

Regards & Respect !
-Amit
-milkeyway
  • #6,020
  • Dec 14, 2013 4:42am Dec 14, 2013 4:42am
http://www.youtube.com/watch?v=_ZuqG9gqUbc
Never said I was Batman,all I'm saying is you'll never see us together.
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