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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

  • #6,501
  • Dec 23, 2013 11:39am Dec 23, 2013 11:39am
Quoting 76bronco
Wow, this forum has got confusing as hell. Good luck folks on your quest to the top 5%. The hard TRUTH, most of us won't make it !!! The top 5% = 1) Banks 2) Hedge Funds 3) Brokers 4) Teachers/ Gurus 5) System Providers This 5% make their money off the other 95% Wake up folks.
Don't give up man. I agree with what you say about this being hard, but we all are here to walk our way to that 5%. No one said it was easy.

How much time do you spend getting a career? 5 years? What do you do once you have it? At least in the Central American country I live pretty much nothing. It's known by everybody that unemployment rates are increasing each year and it's very frustrating that you are unemployed after spending 5 years at university with a $30 to $50 thousand dollar debt, maybe more.

I'm not saying that people shouldn't study and get a career but I want to make a comparison which is my point.

Let's suppose the scholarship is $600 per month that includes transportation, material, etc, but additionally you need to eat, get clothes and a long list of etceteras. Let's say is $1000 per month to go to school.

If you would stay at home you could cut those expenses to the third and you are with more than $500 that you can invest in your own education by mastering this fascinating world of trading.

Just as in any career it takes from 3 to 5 years to learn this thing well. But boy the results are extremelly more rewarding than going to schools which is what everybody does. I for one won't follow the masses, I will succeed in this thing!

Never give up your dreams. This is hard, it's not a rainbow walk, it takes years, but it's worth it.
Best time to plant a tree was 20 years ago, second best is now
  • #6,502
  • Dec 23, 2013 11:49am Dec 23, 2013 11:49am
We will do this. We will increase making money traders number and it will be 6% traders, who makes money
  • #6,503
  • Dec 23, 2013 11:54am Dec 23, 2013 11:54am
Quoting 76bronco
Wow, this forum has got confusing as hell. Good luck folks on your quest to the top 5%. The hard TRUTH, most of us won't make it !!! The top 5% = 1) Banks 2) Hedge Funds 3) Brokers 4) Teachers/ Gurus 5) System Providers This 5% make their money off the other 95% Wake up folks.
When 1 student learn to trade the market perfectly, he becomes one of the 5% and during his learning, there are 10 new students takes birth.

You need to read this post : 5 Steps to become a trader (http://www.forexfactory.com/showthread.php?t=3156).

If you fight consistently, you will be a winner forever.
-milkeyway
  • #6,504
  • Dec 23, 2013 11:59am Dec 23, 2013 11:59am
Quoting monocor
{quote} Harmonics have the core of trading, with MR Pip rules win rate increased from 60 to 70%. It is gold already. Mr. Pip filtered the entries, it is all what he did, and it is why we here, to learn it.
You are right. One of the most difficult parts to overcome is the fact you cannot win 100% of the times and that is why the R:R becomes very important, cutting the losses short while the profitables cover those loses plus adding some dollars to your capital. 70% with a good R:R would be an amazing thing to achieve!

Quoting kumaramy
{quote} When 1 student learn to trade the market perfectly, he becomes one of the 5% and during his learning, there are 10 new students takes birth. You need to read this post : http://www.forexfactory.com/showthread.php?t=3156 If you fight consistently, you will be a winner forever.
Nice reading Amit, is always worth reading it once in a while to check at what stage we are in.
Best time to plant a tree was 20 years ago, second best is now
  • #6,505
  • Dec 23, 2013 12:00pm Dec 23, 2013 12:00pm
Quoting horuxito
{quote} You are right. One of the most difficult parts to overcome is the fact you cannot win 100% of the times and that is why the R:R becomes very important, cutting the losses short while the profitables cover those loses plus adding some dollars to your capital. 70% with a good R:R would be an amazing thing to achieve! {quote} Nice reading Amit, is always worth reading it once in a while to check at what stage we are in.
What do you think about my AU post ?
-milkeyway
  • #6,506
  • Dec 23, 2013 12:01pm Dec 23, 2013 12:01pm
Quoting IenDzi
{quote} Yes, I mean projection can be none, if price unable to break the most recent structure high or low, which going with trend, price creates double bottoms/tops or creates higher low in downtrend/lower high in uptrend.
Thanks, I saw you put it in one of the pictures
Best time to plant a tree was 20 years ago, second best is now
  • #6,507
  • Dec 23, 2013 12:04pm Dec 23, 2013 12:04pm
Quoting kumaramy
{quote} What do you think about my AU post ?
It's very nice. It seems you have absorbed the order flow video better than me

It's me the one who is going to start asking questions to you guys
Best time to plant a tree was 20 years ago, second best is now
  • #6,508
  • Dec 23, 2013 12:07pm Dec 23, 2013 12:07pm
I am currently looking at this :

AU 1HR Sell at B until C.
Then Aggressive C buy.

Reasons to sell :
-It has previous sell zone.
-Correction stage is about to complete at B.
-8886 has key support level

Reasons to buy :

-Increasing depth
-Decreasing momentum
-Impulse expected after hitting key support level 8886
-8990 Key resistance level.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Untitled.png Size: 40 KB
-milkeyway
  • #6,509
  • Dec 23, 2013 12:13pm Dec 23, 2013 12:13pm
Quoting 76bronco
Wow, this forum has got confusing as hell. Good luck folks on your quest to the top 5%. The hard TRUTH, most of us won't make it !!! The top 5% = 1) Banks 2) Hedge Funds 3) Brokers 4) Teachers/ Gurus 5) System Providers This 5% make their money off the other 95% Wake up folks.
It is the life! And 5% of the traders and not institutions !
Even though I walk through the darkest valley, I will fear no evil
  • #6,510
  • Dec 23, 2013 12:18pm Dec 23, 2013 12:18pm
Quoting IenDzi
Projection- none and Momentum- stronger=What should we expect here? Now is double bottom(in the picture, can be higher low in the short term order flow) , but from increase momentum we should expect trend continuation. {image} Projection- none and Momentum- equal=What should we expect here? Wait to see what market shows next. Maybe it is the best thing to do in previous charts too. I think this now after all good and bad previous analysis of expectation ) {image} Maybe I am too detail and I complicate it too much, but it's for learning purposes...
I think your way of thinking is not wrong at all !
For now I would only add a further "Tool", which we may look at, for listening even better what the Market is telling us.
You speak about Projection and Momentum, it is correct, but also look at how "Depth" is acting.
I think that beside a decreasing projection an increasing depth is a further sign of weakness.
(sorry for the "handmade" picture)



Merry Christmas to You ALL !
Attached Image (click to enlarge)
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  • #6,511
  • Dec 23, 2013 12:25pm Dec 23, 2013 12:25pm
Thanks, Horuxito & Kumaramy. I've spoken out of line. I do truly wish everyone the best and Thank Mr. Pip for his teachings.

To all the best!! May you all reach the 5% GoodBye
  • #6,512
  • Dec 23, 2013 12:51pm Dec 23, 2013 12:51pm
Quoting hao
{quote} 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...
Hao, I want to help you and I am going to but you have to stop your thread and trading this system until you have properly given it the time necessary to fully understand it's core principles. You have not tested this properly, I know this because your questions are elementary at the most basic of levels.

You are acting very irresponsible with the limited knowledge you have. So I erg you to discontinue your thread for the sake of the newbies.

Now I will answer your questions.

Quote
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 )

The AB=CD is a version of the ABCD pattern it is a harmonic occurrence that is not random. It is an expectation that price moves an equal of an AB leg to form CD. At what price level this completes depends completely on how deep price corrects on the B to C corrective swing. There is nothing random about this or any other harmonic expectation. Of course the components of order flow will assist you in determining whether your target will be reached on the profit taking side or to hold on to it for further profit taking. If I need to explain this again let me know but I believe I have explained this in the order flow video. Like wise the order flow analysis will help you filter taking a reversal trade at point D. That is why order flow analysis is so important and critical for a trader to understand.

Quote
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 ???

This is very elementary but I will cover it anyway. We move to a BE point when price reaches a 38.2% on a D entry or at a touch of point B on an aggressive C because that is the first level where price may find S/R depending on which direction you are trading and profit taking occurs at the 61.8 % be cause it it the golden ratio and where price more often then not finds resistance for a continuation of the longer term order flow.

Once you fully understand how to properly assess order flow and you see enough strength in your chosen direction you may hold your trade for greater potential profits. I hope you understand this.

You must have some rules on how you will manage your trade and your rules have to be designed to maximum efficiency. Efficiency to protect your trade and capital and also for profit taking to include the maximum favorable excursion a particular swing or trend may offer.
If you fail to plan, you plan to fail.
  • #6,513
  • Dec 23, 2013 12:53pm Dec 23, 2013 12:53pm
Quoting hao
{quote} Continuing with Fib, S / R and Trendline: 1/ Fib - Fib is a golden ratio in mathematics, it is used widely in price action traders 2/ S/R - S / R to a long wait. Traders use S / R is very large. I see whether you use the system Indicator or price action, most traders use S / R. 3/ Trendline - is an S / R diagonally. - mistakes traders: traders use S / R and Trendline not have any rules have been created yet. No reason, traders errors. - I set a rule: each one element in the system, has a separate regulation ( my ) it orientation and helps...
I have no idea what you are saying here?
If you fail to plan, you plan to fail.
  • #6,514
  • Dec 23, 2013 1:08pm Dec 23, 2013 1:08pm
Quoting hao
{quote} success and failure: - success and failure for traders is: profit. - for me: price action unlike I anticipated, it's a real failure. * you can not succeed if you do not define what success is !!!
You inexperience shows in your comment, success and failure for traders is not profit. I will tell you that profit is a byproduct of having a trading system that has a positive expectancy, emotional control over your trading (drawdown = fear and profit = greed) and proper money management. If you are missing any of these three components you will not be successful. You trade plan if you even have one must address these areas and have specific rules for them.

Your trade plan for you represents what a business plan represents to a company. If you do not have one you have no direction, no map to keep you on a specific course that has been created to succeed. A course that you can believe in completely because you have done the extensive back-testing and forward testing required to validate the efficiency of your trade plan. Once this has been accomplished and reaffirmed to you and can execute this without fail then and only then will you achieve success.
If you fail to plan, you plan to fail.
  • #6,515
  • Dec 23, 2013 1:09pm Dec 23, 2013 1:09pm
Quoting akyong
Is this a valid ABCD pattern on AU? {image}
This is force into price action.
If you fail to plan, you plan to fail.
  • #6,516
  • Dec 23, 2013 1:11pm Dec 23, 2013 1:11pm
Quoting akyong
Also found it on the GU chart. {image}
This looks better but don't forget to assess the order flow prior to any entry.
If you fail to plan, you plan to fail.
  • #6,517
  • Dec 23, 2013 1:20pm Dec 23, 2013 1:20pm
Quoting PurpleTurtle
Hi Mr Pip, I hope you do not mind but I have posted the links to three of your videos on another forum in response to a question someone asked my about my approach to trading - I do not know what the rules are but will take them down if they infringe upon any copyright rules you may have. Best regards PT

I don't mind at all.

I only mind if they are used by someone who starts a thread and claims to have a super system that has not been properly tested and proceeds to try teach something he or she does not understand. It is misleading and irresponsible and I do not support this type behavior. Unfortunately this is part of the problem and the reason for the high failure rate. It's really sad.
If you fail to plan, you plan to fail.
  • #6,518
  • Dec 23, 2013 1:22pm Dec 23, 2013 1:22pm
Quoting hao
{quote} I will not explain, you just find out! wish success! http://www.forexfactory.com/showthread.php?p=6347394#post6347394 - formation confluence 1 - Small confirm current swing is correct - formation confluence 2 - can use larger swing, if formed similar confluence 1, cycle back. {image} a small model affect a large pattern when: forming a confluence lowest at 38.2 Fib of the swing recement selected. {image} systems need to be upgraded, should not rest on winning. this is the fault of the harmonized system. any suggestions!
I wish you success as well. I guess I will find you on the opposing side of my trade hmm, I wonder who will win this battle?????
If you fail to plan, you plan to fail.
  • #6,519
  • Dec 23, 2013 1:23pm Dec 23, 2013 1:23pm
Quoting kumaramy
I done this trade today of aggressive c buy. Confluence : Strong support L horizontal line. Decreasing momentum to the downside. Increasing depth to the upside. {image}
Great job!!
If you fail to plan, you plan to fail.
  • #6,520
  • Dec 23, 2013 1:28pm Dec 23, 2013 1:28pm
Quoting monocor
{quote} Harmonics have the core of trading, with MR Pip rules win rate increased from 60 to 70%. It is gold already. Mr. Pip filtered the entries, it is all what he did, and it is why we here, to learn it. Your system is not gonna work. I explain you why. First of all, to get in to top 5%, you need to choose what are you going to trade trend or range market. Next, you need have hard rules about Entry, TP, SL, BE. Next you have to understand instruments which you are using. You are using trend line, do you know that there is 100 different ways to...
If you fail to plan, you plan to fail.
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