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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

  • #6,081
  • Dec 15, 2013 11:31pm Dec 15, 2013 11:31pm
Quoting FineForex
Ok Traders, The last real week of trading for the year is upon us, lets start and end it on a good note and post our set ups and trades as often as possible, even before they occur if we can. Mr. Pip is out on vaca, lets do him proud! See yall in the AM =) {image}

sounds good to me lets all have a good positive week , no after the fact charts anybody trading london open?
Never said I was Batman,all I'm saying is you'll never see us together.
  • #6,082
  • Dec 16, 2013 2:14am Dec 16, 2013 2:14am
Hello, everyone. How about aggressive C in GBPUSD? It goes with order flow, and strong previous structure.
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  • #6,083
  • Dec 16, 2013 2:20am Dec 16, 2013 2:20am
Quoting horuxito
{quote} MT4 Fibonacci Objects Colors and Descriptions This indicator will change the color of the distinct fibo objects automatically and recalculate the descriptions to display prices with 4 digits instead of 5. This is an update of an indicator I shared last week. There was nothing wrong about it however when we arrived to friday and the markets were closed the indicator stopped auto calculating since the terminal gets paused during the weekend. For optimization purposes, the indicator performs the change of colors and fibo level descriptions...
I want different color for different level. Can you make it ?
-milkeyway
  • #6,084
  • Dec 16, 2013 2:44am Dec 16, 2013 2:44am
Quoting kumaramy
{quote} I want different color for different level. Can you make it ?

It's not possible. There is no such an option in Fibonacci properties in MT4 platform.
  • #6,085
  • Dec 16, 2013 3:56am Dec 16, 2013 3:56am
Morning All

Looking for an ABCD completion, short from 1.3770. Please feel free comment.
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  • #6,086
  • Dec 16, 2013 4:13am Dec 16, 2013 4:13am
Quoting kumaramy
{quote} I want different color for different level. Can you make it ?

I am using exactly what you want.

1.Drop indicator on the chart
2.Draw a Trend line point A to B using default meta TL tool
3.Click on properties and rename TL to fib1
you can activate any fib you like and change colors

Fib E works as fib extension.Just rename TL to fibe1
Attached Image (click to enlarge)
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Attached Image
Attached File(s)
File Type: mq4 Fibo_Independence E.mq4   12 KB | 643 downloads
File Type: mq4 Fibo_Independence.mq4   13 KB | 716 downloads
In trading, you have to be defensive and aggressive at the same time
  • #6,087
  • Dec 16, 2013 4:29am Dec 16, 2013 4:29am
Quoting Aj1
Morning All Looking for an ABCD completion, short from 1.3770. Please feel free comment. {image}

keep in mine that your 5min shape could be engulfed by greater shape higher up time frame.You might be expecting a bear at 5min but at 1 hour its showing strong bull.
Damian always emphasizes price order flow and momentum.What does momentum mean? That's overall sentiment which includes news,fundemetals and order flow.
So before you pulled the trigger did you check latest red news? and how is that influencing the price.Suppose at 3770 when news of German PMI was extremely positive you would of gotten buried in minutes.You just got lucky news was so so kind of neutral.
Notice I did not mention harmonics.To me and Damian Harmonics is a tool identifying higher probability trades but one should never take them dogmatically.
In trading, you have to be defensive and aggressive at the same time
  • #6,088
  • Dec 16, 2013 4:53am Dec 16, 2013 4:53am
Quoting Davit
{quote} I am using exactly what you want. 1.Drop indicator on the chart 2.Draw a Trend line point A to B using default meta TL tool 3.Click on properties and rename TL to fib1 you can activate any fib you like and change colors Fib E works as fib extension.Just rename TL to fibe1 {image} {image} {file} {file}
Thanks. I tried to enable level 127 161 by making it true but those are not visible.
-milkeyway
  • #6,089
  • Dec 16, 2013 4:56am Dec 16, 2013 4:56am
Quoting Aj1
Morning All Looking for an ABCD completion, short from 1.3770. Please feel free comment. {image}

Looks like pretty strong momentum going up into that AB=CD you had drawn.

I'm looking at the next AB=CD at the RN for a short.
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Barry
  • #6,090
  • Dec 16, 2013 4:59am Dec 16, 2013 4:59am
I was watching like this, wanted the deeper retracement on C leg in smaller AB=CD, that smaller AB=CD would end the CD leg on bigger AB=CD.
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  • #6,091
  • Dec 16, 2013 5:04am Dec 16, 2013 5:04am
Quoting IenDzi
Hello, everyone. How about aggressive C in GBPUSD? It goes with order flow, and strong previous structure. {image}

Seems worked, now trade would be at break even.
  • #6,092
  • Dec 16, 2013 5:11am Dec 16, 2013 5:11am
Dear Mr. Pip and all traders,

I'm now on 48 page of this trade and I would like to thank all of you.
I'm learning harmonic since 6 months now and it's grate to have a place where I can send my charts for feedback.

Now I'm looking at ABCD on AUDUSD

Attached Image (click to enlarge)
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What's your feedback?
  • #6,093
  • Dec 16, 2013 5:59am Dec 16, 2013 5:59am
Quoting IenDzi
{quote} It's not possible. There is no such an option in Fibonacci properties in MT4 platform.
I was thinking of a way around that. There are two options: 1) Draw several fibos with different color. And for every fibo disable certain levels, so only the color that is needed is shown. 2) Instead of fibos draw lines, but then additional calculation would be needed.

But thanks for the indicator! I wouldn't have free time now to program one.
  • #6,094
  • Dec 16, 2013 6:08am Dec 16, 2013 6:08am
Quoting Davit
{quote} I am using exactly what you want. 1.Drop indicator on the chart 2.Draw a Trend line point A to B using default meta TL tool 3.Click on properties and rename TL to fib1 you can activate any fib you like and change colors Fib E works as fib extension.Just rename TL to fibe1 {image} {image} {file} {file}
Thank you! That's a good one. My comment was useless, someone has already done that.
  • #6,095
  • Edited 7:08am Dec 16, 2013 6:40am | Edited 7:08am
Quoting kumaramy
{quote} I want different color for different level. Can you make it ?
Yes, it is possible, however the way to draw it in the chart is more rudimental. Anyway, once you get used to it is ok. See this picture, you can see I've done it before.

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I need a couple of days and I will upload one version like that.

Quoting Davit
{quote} I am using exactly what you want.
Hey Davit, that's nice. I hadn't seen your reply to kumaramy.

Exactly, you can use that indicator if you want different colors.

The only problem I had with fibo_independence is that you cannot decide the Time2 positioning. That's why I worked something else. If you notice in the picture above, you can establish the beginning and the end of the object which is very nice.
Best time to plant a tree was 20 years ago, second best is now
  • #6,096
  • Dec 16, 2013 6:43am Dec 16, 2013 6:43am
hey all..

watchin a couple things

looking for a short in yen in red circle, big agro C to downside
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  • #6,097
  • Dec 16, 2013 6:53am Dec 16, 2013 6:53am
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Feeling I got a little late (or early ) to the party in GU. Gartley completion with structure to short this baby. I entered a small position. Let's see. Exercising timing a little here.
Best time to plant a tree was 20 years ago, second best is now
  • #6,098
  • Dec 16, 2013 6:56am Dec 16, 2013 6:56am
Quoting FineForex
hey all.. watchin a couple things looking for a short in yen in red circle, big agro C to downside {image}
entered short off structure bounce
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  • #6,099
  • Dec 16, 2013 7:03am Dec 16, 2013 7:03am
Quoting horuxito
{image} Feeling I got a little late (or early ) to the party in GU. Gartley completion with structure to short this baby. I entered a small position. Let's see. Exercising timing a little here.
hey I happen to be against you, jumped in long here at structure line

short leash
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  • #6,100
  • Dec 16, 2013 7:04am Dec 16, 2013 7:04am
Quoting horuxito
{quote} Yes, it is possible, however the way to draw it in the chart is more rudimental. Anyway, once you get used to it is ok. See this picture, you can see I've done it before. {image} I need a couple of days and I will upload one version like that.
Thank you very much.
-milkeyway
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