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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

  • #6,541
  • Dec 23, 2013 11:12pm Dec 23, 2013 11:12pm
Quoting Mr. Pip
{quote} Ok HAO I guess there is nothing else to say I've tried to help you the best I can. Good luck to you and your super system.
Thank you for creating this topic, for me, I want to learn from everyone.
Trading in the zone
  • #6,542
  • Dec 23, 2013 11:29pm Dec 23, 2013 11:29pm
Quoting monocor
{quote} Hao! I understand you, it is hard if you trying and it doesn't work. May be you are missing some thing in harmonics. Post your charts, may be Mr. Pip will help you to see mistakes. Honestly, I didn't expect, such great results from harmonics. I tried to trade first week, and it was crazy. It is easy for me, because I used to trade Dinapoly, and harmonics it is pretty much the same, only difference that you take in to count patterns. If you like to use trend line. My advice to you, get as much information as you can. Because there is so many...
haha, thank suggestion, I will tell you some of the letter. I and everyone in the start of this topic, it's quite easy and successful. Until the 2nd week, everything changed, losses are almost all.
- you What is harmonics ? fact, the main melody is swing, small tone in a melody larger.
http://www.forexfactory.com/showthread.php?p=7171820#post7171820 - Again, I want you to learn it thoroughly, it is necessary and informative
- fact, the trendline is an S / R diagonally, I had my own regulations, but I'm willing to learn, you can share it.
- in 6 months, I err on the confluence. What is the business reason?, the confluence of multiple protocols as defined by my own (reformed)
Trading in the zone
  • #6,543
  • Dec 24, 2013 1:30am Dec 24, 2013 1:30am
After looking through this thread I can say I've become very interested in learning more about what the world of trading with Harmonics has to offer..
I'm wondering though as I use MT4, where can I get all the necessary Fibbonacci tools needed to draw on my charts?
I was hoping maybe somebody else here who trades like this and uses MT4 could point me the right direction? Much thanks.
  • #6,544
  • Dec 24, 2013 1:39am Dec 24, 2013 1:39am
Exhaustion, oh boy, how I love this term. It means price will reverse! Everything that goes up has to come down.

Mr. Pip, I'd appreciate when you see this post that you please explain how and why you draw those fibo extensions.

I understand this is an advanced harmonic trade. To the naked eye it looks like if you are capturing a falling knife, well in this case a bullet in the air. No AB=CD's present in the chart only fibonacci exhaustion + weakening orderflow projection.

Picture taken from Post #1418 (http://www.forexfactory.com/showthread.php?p=6366535#post6366535)

Attached Image (click to enlarge)
Click to Enlarge Name: $EURGBP (60 Min) 1_15_2013.jpg Size: 85 KB


At the end the EURGBP continued to trend crazily strong to the upside, but anyway that entry provided like 60 pips. Very nice trade!
Best time to plant a tree was 20 years ago, second best is now
  • #6,545
  • Dec 24, 2013 1:46am Dec 24, 2013 1:46am
Quoting SaiLyfee
After looking through this thread I can say I've become very interested in learning more about what the world of trading with Harmonics has to offer.. I'm wondering though as I use MT4, where can I get all the necessary Fibbonacci tools needed to draw on my charts? I was hoping maybe somebody else here who trades like this and uses MT4 could point me the right direction? Much thanks.
Welcome to the thread SaiLyfee,

You basically need to draw 3 objects, no indicators at all: Trendlines, Rectangles and Fibonacci.

You will want to modify the default values of Fibonacci to get these levels only (add/remove with the corresponding levels and descriptions):

Level / Description
0 / 0.0 - %$
0.382 / 38.2 - %$
0.5 / 50.0 - %$
0.618 / 61.8 - %$
0.786 / 78.6 - %$
1 / 100.0 - %$
-0.272 / 127.2 - %$
-0.382 / 138.2 - %$
-0.618 / 161.8 - %$

%$ will add prices next to the level which is cool. The negative levels are the Fibonacci Extensions. So when you draw a Fib you will get both the retracements and extensions.

Hope it helps.

To catch up quickly with the thread read the first 40 pages although it won't hurt you to read the whole thing, you can focus on Mr. Pip's replies. You can also watch the videos made by him in the Youtube channel dcastfx or see this Post (http://www.forexfactory.com/showthread.php?p=7120038#post7120038) with the most relevant videos.
Best time to plant a tree was 20 years ago, second best is now
  • #6,546
  • Dec 24, 2013 1:54am Dec 24, 2013 1:54am
Quoting SaiLyfee
After looking through this thread I can say I've become very interested in learning more about what the world of trading with Harmonics has to offer.. I'm wondering though as I use MT4, where can I get all the necessary Fibbonacci tools needed to draw on my charts? I was hoping maybe somebody else here who trades like this and uses MT4 could point me the right direction? Much thanks.
Find fib tool option at point of arrow given in image.
Draw fib on chart.
Double click on fib angle line.
Right click on fib angle line
A popup menu will open.
Go into fibo properties
Add missing fibo levels and description
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 45 KB
Attached Images
-milkeyway
  • #6,547
  • Dec 24, 2013 2:08am Dec 24, 2013 2:08am
Quoting kumaramy
{quote} Find fib tool option at point of arrow given in image. Draw fib on chart. Double click on fib angle line. Right click on fib angle line A popup menu will open. Go into fibo properties Add missing fibo levels and description {image} {image} {image} {image} {image}
Ah thank you so very much for helping me out, hope to contribute here more productively once I understand the patterns properly, thanks again
  • #6,548
  • Dec 24, 2013 2:08am Dec 24, 2013 2:08am
Quoting horuxito
{quote} Welcome to the thread SaiLyfee, You basically need to draw 3 objects, no indicators at all: Trendlines, Rectangles and Fibonacci. You will want to modify the default values of Fibonacci to get these levels only (add/remove with the corresponding levels and descriptions): Level / Description 0 / 0.0 - %$ 0.382 / 38.2 - %$ 0.5 / 50.0 - %$ 0.618 / 61.8 - %$ 0.786 / 78.6 - %$ 1 / 100.0 - %$ -0.272 / 127.2 - %$ -0.382 / 138.2 - %$ -0.618 / 161.8 - %$ %$ will add prices next to the level which is cool. The negative levels are the Fibonacci Extensions....
Very nice Horuxito. I didn't know about %$
-milkeyway
  • #6,549
  • Dec 24, 2013 2:17am Dec 24, 2013 2:17am
Quoting kumaramy
{quote} Very nice Horuxito. I didn't know about %$
You are welcome Amit. That's the idea, to learn little tricks each day!

I go to bed now. My brother lives in Dehli and you are 11:30 hours ahead of me
Best time to plant a tree was 20 years ago, second best is now
  • #6,550
  • Dec 24, 2013 2:19am Dec 24, 2013 2:19am
Quoting horuxito
{quote} You are welcome Amit. That's the idea, to learn little tricks each day! I go to bed now. My brother lives in Dehli and you are 11:30 hours ahead of me
Are you Indian ? What does your brother do?
-milkeyway
  • #6,551
  • Dec 24, 2013 2:22am Dec 24, 2013 2:22am
Quoting SaiLyfee
{quote} Ah thank you so very much for helping me out, hope to contribute here more productively once I understand the patterns properly, thanks again
The sequence of learning Harmonic is :

Watch videos by Mr. Pip
Watch same videos again each week. (you will find new things every week from the same video)
Read the attached free version of Harmonic book.

1] Before focusing and learning about pattern, Focus on Order flow. (watch the orderflow video again and again. (compared to projection, focus more on momentum and depth described in video)
2] Focus on Price action. Watch video of Price action by Mr. Pip again and again.
3] Read the pattern rules about fib level again and again.
4] Use 5M chart for daily observation because it is fast that you can see much more things in a single week.
5] See daily trade example posted in thread. And observe the reasons for trade. (how order flow is considered, how momentum is considered, etc)

This will take time. Don't do so hurry for learning because it makes confuse to our mind. First read and watch things given above. Give time to you mind understand these things.
Attached File(s)
File Type: pdf harmonics.pdf   2.7 MB | 1,032 downloads
File Type: docx DCASTFX Advance Pattern Reference Guide Revised.docx   20 KB | 365 downloads
-milkeyway
  • #6,552
  • Dec 24, 2013 2:22am Dec 24, 2013 2:22am
Quoting kumaramy
{quote} Are you Indian ? What does your brother do?
I live in Central America. The fartest away from home I've ever lived is Spain. But my brother is musician and he's been there for 2 years now. He plays with some other latin people there in Dehli and Kolkata.

http://www.youtube.com/watch?v=O1je5TxC-bY

P.S. I won't spam the thread, this is the last post about it, enjoy the music
Best time to plant a tree was 20 years ago, second best is now
  • #6,553
  • Dec 24, 2013 2:23am Dec 24, 2013 2:23am
Quoting horuxito
{quote} Welcome to the thread SaiLyfee, You basically need to draw 3 objects, no indicators at all: Trendlines, Rectangles and Fibonacci. You will want to modify the default values of Fibonacci to get these levels only (add/remove with the corresponding levels and descriptions): Level / Description 0 / 0.0 - %$ 0.382 / 38.2 - %$ 0.5 / 50.0 - %$ 0.618 / 61.8 - %$ 0.786 / 78.6 - %$ 1 / 100.0 - %$ -0.272 / 127.2 - %$ -0.382 / 138.2 - %$ -0.618 / 161.8 - %$ %$ will add prices next to the level which is cool. The negative levels are the Fibonacci Extensions....
Thanks so much for clearing so much of that up for me, its really nice to see such nice people here helping others. Again I hope to be able to contribute more productively after I have researched through the important posts here in the thread. Looking forward to it, nice to meet you by the way
  • #6,554
  • Dec 24, 2013 2:23am Dec 24, 2013 2:23am
Quoting horuxito
{quote} I live in Central America. The fartest away from home I've ever lived is Spain. But my brother is musician and he's been there for 2 years now. He plays with some other latin people there in Dehli and Kolkata.
Okay. Good.
-milkeyway
  • #6,555
  • Dec 24, 2013 2:27am Dec 24, 2013 2:27am
Quoting kumaramy
{quote} The sequence of learning Harmonic is : Watch videos by Mr. Pip Watch same videos again each week. (you will find new things every week from the same video) Read the attached free version of Harmonic book. 1] Before focusing and learning about pattern, Focus on Order flow. (watch the orderflow video again and again. (compared to projection, focus more on momentum and depth described in video) 2] Focus on Price action. Watch video of Price action by Mr. Pip again and again. 3] Read the pattern rules about fib level again and again. 4] Use...
Again wow thank you so much for pointing me the right direction, I'll definitely have a lot to keep me busy, its nice to have these points cleared up early on so the nuts and bolts can be learned much more quickly and effectively. I'll be sure to keep up on that reading before posting any unnecessary questions. Until then I look forward to seeing other peoples progress here. Thanks very much for the warm welcome!
  • #6,556
  • Dec 24, 2013 2:30am Dec 24, 2013 2:30am
Quoting horuxito
{quote} I live in Central America. The fartest away from home I've ever lived is Spain. But my brother is musician and he's been there for 2 years now. He plays with some other latin people there in Dehli and Kolkata. http://www.youtube.com/watch?v=O1je5TxC-bY (http://www.youtube.com/watch?v=S5L6e56qEjE) P.S. I won't spam the thread, this is the last post about it, enjoy the music
Which one is your brother?
-milkeyway
  • #6,557
  • Dec 24, 2013 6:56am Dec 24, 2013 6:56am
Quoting kumaramy
GBPJPY Aggressive C sell. Confluence Trend lines Ab=Cd 78.6% fib retracement. Increasing depth to the downside. {image}
Hi Amit,

I'm practicing my order flow analysis - please can you elaborate on your "increasing depth to the downside"? This is what I see
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy.png Size: 79 KB
  • #6,558
  • Edited 11:39am Dec 24, 2013 8:27am | Edited 11:39am
Quoting itinerant
{quote} Hi Amit, I'm practicing my order flow analysis - please can you elaborate on your "increasing depth to the downside"? This is what I see {image}
In this picture, you can clearly see that the height of swing qr & sx are quite same or normal. But compared to previous one i.e. sx you can see the height of swing ab is greater. So, what we can say ? We can say that market is now tried to push price higher. Because height of swing ab is abnormally greater that previous qr and sx swings. So, here we say THE DEPTH TO THE UPSIDE is increased. You can study the projection but more than that I focus and observe momentum and depth.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 8 KB
Click to Enlarge Name: Order Flow - YouTube.mp4_000382200.jpg Size: 38 KB
-milkeyway
  • #6,559
  • Dec 24, 2013 8:43am Dec 24, 2013 8:43am
Thanks Amit, I'm still not sure I understand your interpretation on the GBPJPY chart but many thanks nevertheless!

Happy trading
  • #6,560
  • Dec 24, 2013 8:44am Dec 24, 2013 8:44am
Quoting kumaramy
GBPJPY Aggressive C sell. Confluence Trend lines Ab=Cd 78.6% fib retracement. Increasing depth to the downside. {image}

kumaramy, I'll show you where wrong.
1 / trend line you draw wrong ( you need to set out rules for Trend line + S / R, if you do not want to make mistakes. )
2 / you draw lacks S / R.
3 / confluence your , I see: 1618 + 78.6.

you pretty much wrong!
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 39 KB
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