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Ratios & Harmonics: a Different Way to Trade

  • #6,461
  • Dec 22, 2013 9:42am Dec 22, 2013 9:42am
Quoting kumaramy
{quote} Hi Huroxito !
Hi Amit. Nice post you are addressing to Mr. Pip. It's wonderful to see how deep you are in your understanding of this type of trading.

I think everything will fall of its own weigth pretty soon if we continue to effort and learn from each other by following Mr. Pip's teachings.
Best time to plant a tree was 20 years ago, second best is now
  • #6,462
  • Dec 22, 2013 9:44am Dec 22, 2013 9:44am
Quoting horuxito
{quote} Hi Amit. Nice post you are addressing to Mr. Pip. It's wonderful to see how deep you are in your understanding of this type of trading. I think everything will fall of its own weigth pretty soon if we continue to effort and learn from each other by following Mr. Pip's teachings.
Yes ! Can you please teach me order flow in deep ?
-milkeyway
  • #6,463
  • Dec 22, 2013 9:54am Dec 22, 2013 9:54am
Quoting kumaramy
{quote} Yes ! Can you please teach me order flow in deep ?
Well, momentum/orderflow is also the pending subject for me

I think getting into the 5% club is in the little details. I encourage you to continue learning about order flow and price action. I also need to that
Best time to plant a tree was 20 years ago, second best is now
  • #6,464
  • Edited 11:07am Dec 22, 2013 10:51am | Edited 11:07am
The order flow video from Mr Pips is awesome. Thanks for this. I watched this 5 times and wrote notes about what he was talking.
So what I understood, that orderflow consists of 3 things: Projection, Momentum and Depth. Depth is consequence of Momentum and Projection. It's like Momentum and Projection are an input, and Depth is an output or expectation. So momentum and projection can be stronger or weaker.
So there are 4 ends.
If momentum is weaker and projection is weaker= we expect a stronger depth and trend change
If momentum is weaker and projection is stronger=It's like in a MR. Pips video, so he said, that it is a possible trend change and a stronger depth.
If momentum is stronger and projection is weaker= I think it's a rare end. Or maybe not.
If momentum is stronger and projection is stronger= we expect a weak depth and a trend continuation.
This is just my considerations.
PS. The momentum and projection can be equal too. And projection can be none. So there are more than 4 ends.
  • #6,465
  • Dec 22, 2013 2:04pm Dec 22, 2013 2:04pm
Quoting kumaramy
{quote} Yes ! Can you please teach me order flow in deep ?
If you have time find the book "[highlight=rgba(255, 255, 255, 0)]price action " by lance beggs. It will help you to understand [/highlight]
Even though I walk through the darkest valley, I will fear no evil
  • #6,466
  • Dec 22, 2013 4:08pm Dec 22, 2013 4:08pm
Quoting Mr. Pip
Hello Traders, I am back from some much needed R & R I have caught up on the thread and would like to thank all of the members for posting and helping each other out. It is always nice to see this type of teamwork. Instead of answering every post, I think it is best to just start fresh on Monday as to not add a bunch of pages and hours of reading. I do want to say a couple of general comments to cover my take away from the posts you all wrote. Hao, I wish you well with your trading and your thread. Your introduction made me laugh. I hope you did...
Hello Mr. PIP, Thank you for the reply review, I tested it over 1 month, it brings about the correct result was stunned, I want to use the results to prove than sitting moot. The methodology used is different from the confluence of I different he, It gives different results.

I have a questions with the Harmonized System, began gathering confluence in D. Why must end in profits: 38.2 or 61.8 without a confluence???
why when commercial in 38.2 or 61.8, he did not enter the business? (he knew it would be reversed).
why not continue the business and skip 38.2 and 61.8???
Trading in the zone
  • #6,467
  • Dec 22, 2013 5:43pm Dec 22, 2013 5:43pm
Quoting hao
{quote} Hello Mr. PIP, Thank you for the reply review, I tested it over 1 month, it brings about the correct result was stunned, I want to use the results to prove than sitting moot. The methodology used is different from the confluence of I different he, It gives different results. I have a questions with the Harmonized System, began gathering confluence in D. Why must end in profits: 38.2 or 61.8 without a confluence??? why when commercial in 38.2 or 61.8, he did not enter the business? (he knew it would be reversed). why not continue the business...
It is about win rate, which gives you the edge. You need a massive test at least coupel of years to identify where is best Tp or BE. Harmonics been tested for years, if you will open a book you will see the long history of that process.

and what the most common reversal zone is ? 38% and 61%
Even though I walk through the darkest valley, I will fear no evil
  • #6,468
  • Dec 22, 2013 7:21pm Dec 22, 2013 7:21pm
Quoting kumaramy
{quote} Hello Sir, Glad to see you again! Since you are posting trade example and other members too, I got clears many concepts about Harmonic Trading. This is my progress report until today. Please make sure that I am going in right direction. 1] To enter trades, 1st we have to look for AB=CD completion/ Gartly/other patterns/fib levels of main swing. 2] Fib levels are the level which are high probable retracement. 3] At fib levels we have to observe price action and enter the trade (with confluence). 4] When there is decrease in angle of swing,...
I'm really glad to see how far you've come in short time! Your hard work and dedication are starting to pay off. You are on a good path. I would tell you to forget patterns for the moment and concentrate on your weaknesses. Look at my order flow video over and over. I will make it a point to explain the order flow and confluence in future trade examples for all to follow. Order flow is extremely important if you master this you will hardly ever be on the wrong side of the market.

Great job!!!!
If you fail to plan, you plan to fail.
  • #6,469
  • Dec 22, 2013 7:22pm Dec 22, 2013 7:22pm
Quoting horuxito
{quote} Well, momentum/orderflow is also the pending subject for me I think getting into the 5% club is in the little details. I encourage you to continue learning about order flow and price action. I also need to that

We will work on order flow some more it's always part of the process.
If you fail to plan, you plan to fail.
  • #6,470
  • Dec 22, 2013 7:24pm Dec 22, 2013 7:24pm
Quoting IenDzi
The order flow video from Mr Pips is awesome. Thanks for this. I watched this 5 times and wrote notes about what he was talking. So what I understood, that orderflow consists of 3 things: Projection, Momentum and Depth. Depth is consequence of Momentum and Projection. It's like Momentum and Projection are an input, and Depth is an output or expectation. So momentum and projection can be stronger or weaker. So there are 4 ends. If momentum is weaker and projection is weaker= we expect a stronger depth and trend change If momentum is weaker and projection...
If you fail to plan, you plan to fail.
  • #6,471
  • Dec 22, 2013 7:25pm Dec 22, 2013 7:25pm
Quoting monocor
{quote} If you have time find the book "price action " by lance beggs. It will help you to understand

Great book I have learned a lot from him.
If you fail to plan, you plan to fail.
  • #6,472
  • Dec 22, 2013 7:36pm Dec 22, 2013 7:36pm
Mr Pip there was a good qestion. If you are in the trade against market, do you exit or wait for the stop loss?
Even though I walk through the darkest valley, I will fear no evil
  • #6,473
  • Dec 22, 2013 7:36pm Dec 22, 2013 7:36pm
Quoting Mr. Pip
{quote} Great book I have learned a lot from him.
Me too !!
Even though I walk through the darkest valley, I will fear no evil
  • #6,474
  • Dec 22, 2013 7:52pm Dec 22, 2013 7:52pm
Quoting hao
{quote} Hello Mr. PIP, Thank you for the reply review, I tested it over 1 month, it brings about the correct result was stunned, I want to use the results to prove than sitting moot. The methodology used is different from the confluence of I different he, It gives different results. I have a questions with the Harmonized System, began gathering confluence in D. Why must end in profits: 38.2 or 61.8 without a confluence??? why when commercial in 38.2 or 61.8, he did not enter the business? (he knew it would be reversed). why not continue the business...
This is my point exactly. You have not thoroughly tested your system, one month is a joke my friend. I can also come to the conclusion that the one month of testing you do have was not done correctly.

I'm not picking on you so don't take this the wrong way.

Properly testing a system requires a great deal of time and meticulous review of your process and data collection. It must also be done at minimum for a period of 9 months as one month may not subject your system to the different market conditions that at some point your system will come in contact with.

I will also add that if you have to ask "Why must end in profits: 38.2 or 61.8 with out confluence???" then you clearly are in worse shape then I thought and would ask you to discontinue your thread immediately. You see people who start threads have a responsibility not only to themselves but to the traders that come across for guidance and knowledge. It is your responsibility to provide them with the proper instruction. To the experience traders like me for example, we can spot good content from bad content from the introduction. But 90% or higher do not and you are providing a disservice to them and me because you have picked up my system which you do not understand, made it more complicated then it needs to be, and are using my videos to help you prove some kind of point.

Any trader with basic Fibonacci knowledge can answer your question. This is not the way to grow, this is not what you should be doing. I hope you come to your senses soon. I am here to teach and build a group of market professionals. I am not here to provide you with content for your thread or answer questions you should already know the answer to.

One last thing, how did you test this system and still have this question???? These types of questions should have been answered through your back testing phase.
If you fail to plan, you plan to fail.
  • #6,475
  • Dec 22, 2013 7:53pm Dec 22, 2013 7:53pm
Quoting monocor
{quote} It is about win rate, which gives you the edge. You need a massive test at least coupel of years to identify where is best Tp or BE. Harmonics been tested for years, if you will open a book you will see the long history of that process. and what the most common reversal zone is ? 38% and 61%

If you fail to plan, you plan to fail.
  • #6,476
  • Dec 22, 2013 7:56pm Dec 22, 2013 7:56pm
Quoting monocor
Mr Pip there was a good qestion. If you are in the trade against market, do you exit or wait for the stop loss?
I cut my losses short. There is no need to take a full loss if you know the market has turn on you. Once your expectation has failed and price is trading in an area you know it should not be you need to either get out or find a graceful exit.
If you fail to plan, you plan to fail.
  • #6,477
  • Dec 22, 2013 8:00pm Dec 22, 2013 8:00pm
Good night Traders tomorrow is another day.
If you fail to plan, you plan to fail.
  • #6,478
  • Dec 22, 2013 8:08pm Dec 22, 2013 8:08pm
Quoting Mr. Pip
{quote} I'm really glad to see how far you've come in short time! Your hard work and dedication are starting to pay off. You are on a good path. I would tell you to forget patterns for the moment and concentrate on your weaknesses. Look at my order flow video over and over. I will make it a point to explain the order flow and confluence in future trade examples for all to follow. Order flow is extremely important if you master this you will hardly ever be on the wrong side of the market. Great job!!!!
Thank you very much sir.
-milkeyway
  • #6,479
  • Dec 22, 2013 8:55pm Dec 22, 2013 8:55pm
Quoting kumaramy
{quote} Thank you very much sir.
Totally agree with Mr.Pip that understand the order flow is the way to go, in doing so, I can minimize fakeout setups and concentrate more on what price action is trying to tell and where the market wants to be in and heads in direction, thanks Mr.pip again for all the help and wishing you and everybody happy holidays!
I Have Learned to Take Some Losses to Make Profits
  • #6,480
  • Dec 22, 2013 9:04pm Dec 22, 2013 9:04pm
Quoting Mr. Pip
{quote} This is my point exactly. You have not thoroughly tested your system, one month is a joke my friend. I can also come to the conclusion that the one month of testing you do have was not done correctly. I'm not picking on you so don't take this the wrong way. Properly testing a system requires a great deal of time and meticulous review of your process and data collection. It must also be done at minimum for a period of 9 months as one month may not subject your system to the different market conditions that at some point your system will come...
I agree with his proposals. In 6 months time than trade with the Harmonized System, I have discovered some things that got me thinking:

First, let's talk about the confluence:
1 / Where complete model (AB = CD): I wonder, formed part gobbling AB = CD (at point D). AB = CD leg leg in PRZ. I think it is random formation. I do not understand why he said that it is a commercial reason, it can go further and again I think it is random. ( model is complete )
2/ BE - Until now I still do not understand about BE, I do not understand: why BE caused reversible. BE is a horizontal line at point B. He ended trade in BE as bride price correction. Compared with the Trendline or S / R, Trendline and S / R is still better.
- I will not use BE. I do not use it because: I do not know why no reversible cause (it could be adjusting and continuing the trend) and if it's reversible, why not trading ???
Trading in the zone
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