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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

  • #6,581
  • Dec 24, 2013 1:26pm Dec 24, 2013 1:26pm
Quoting horuxito
if I can visualize an AB=CD inside the bigger CD, even better!
Have you tried aggressive C's where there is a smaller AB=CD making up the BC leg? I had several of those trades the last week
  • #6,582
  • Dec 24, 2013 1:32pm Dec 24, 2013 1:32pm
Quoting kumaramy
{quote} Yes you measured the depth different way. but look for increasing momentum to the upside, decreasing momentum to downside and increasing depth to the upside when we are in downtrend. And look for increasing momentum to the downside, decreasing momentum to the upside, and increasing depth to downside when we are in downtrend. Remember : your trend is friend is about to born. It is not born yet. Look for his birth by looking above things.
In this example, I think what you've termed momentum is simply what I dubbed depth's momentum. I'm sure we both glean the same information from it, we're just having semantic differences.
Happy trading!
  • #6,583
  • Dec 24, 2013 1:35pm Dec 24, 2013 1:35pm
Quoting itinerant
{quote} Have you tried aggressive C's where there is a smaller AB=CD making up the BC leg? I had several of those trades the last week
Hey you are talking my language! I read your previous post and it was my story!

It's so great man. I too was one of those who came here last year and commit with the thread and then took a pause just to realize this was my home!
Best time to plant a tree was 20 years ago, second best is now
  • #6,584
  • Dec 24, 2013 4:01pm Dec 24, 2013 4:01pm
Quoting Mr. Pip
{quote} Great book I have learned a lot from him.
There is a special offer on this right now - $97 rather than $197 (good until Boxing Day - 26 December 2013)
http://www.ytcpriceactiontrader.com/discount-offer.html
  • #6,585
  • Dec 24, 2013 4:02pm Dec 24, 2013 4:02pm
Quoting horuxito
{quote} Hey you are talking my language! I read your previous post and it was my story! It's so great man. I too was one of those who came here last year and commit with the thread and then took a pause just to realize this was my home!
Looking forward to lots of progress next year!
  • #6,586
  • Dec 24, 2013 5:37pm Dec 24, 2013 5:37pm
Quoting kumaramy
GBPJPY Aggressive C sell. Confluence Trend lines Ab=Cd 78.6% fib retracement. Increasing depth to the downside. {image}
Sorry sr., But the TP was in 38 and 61.
Anyway great trade, good green pips.
Greetings this Christmas
  • #6,587
  • Dec 24, 2013 5:38pm Dec 24, 2013 5:38pm
Quoting kumaramy
{quote} Sorry Hao, but someone already laughed on your views and on your so called super system. We are here to follow Mr. Pip's rule. If you can see, itinerant measured the depth wrong way with brown lines in his post. So, I just told him how to measure depth correctly as per screen shot of Mr. Pip's video. There is no difference with the screen shot and my image. I measured height of op, qr, sx and ab for depth. This is what we call depth.
you do not need to apologize, everybody has their own opinion. You're learning about price expectations, it is good., But you have not used it. You need to know when yet price stopped moving .

At the start of a wide variety of this topic. I learn everything he PIP details Here. I still keep a lot of pictures of his trade PIP. But, I wonder at the confluence wrong, yet the confluence of you are wrong, you do not use these weapons by your other intellectuals.

in this topic, I will not talk about my system, I am conveying experience but what I learned in this subject. If you understand, it is good for you. !
Trading in the zone
  • #6,588
  • Dec 24, 2013 5:56pm Dec 24, 2013 5:56pm
Quoting itinerant
{quote} Hi Amit, I'm not sure how you think I measured depth wrong? As we are making lower highs/lows, we measure between the swing low to the next swing high (swing points always being subjective... but I still can't get your chart to show an increase in depth). I use slanted lines for depth rather than vertical arrows as my preference (as this gives me an indication of depth's momentum), which makes no difference as long as we are clear we are measuring height not slant distance. Hence why I paired the bottoms together for clarity.
idea of his price expectations PIP is nice. I do not deny. You need to know when the reversal yet.
Trading in the zone
  • #6,589
  • Dec 24, 2013 8:42pm Dec 24, 2013 8:42pm
Quoting hao
{quote} you do not need to apologize, everybody has their own opinion. You're learning about price expectations, it is good., But you have not used it. You need to know when yet price stopped moving . At the start of a wide variety of this topic. I learn everything he PIP details Here. I still keep a lot of pictures of his trade PIP. But, I wonder at the confluence wrong, yet the confluence of you are wrong, you do not use these weapons by your other intellectuals. in this topic, I will not talk about my system, I am conveying experience but what...
Hao. Please stop talking and learn. You don't know what you don't know. You are going to confuse others who don't have a good grasp of orderflow yet and they will start thinking they need trendlines, trend channel lines and everything else.

Please get someone to properly translate your posts into English as no one knows what you are talking about as you are using the wrong words to express your thoughts.

Happy holidays!
Finally out of the shadows.
  • #6,590
  • Dec 24, 2013 10:39pm Dec 24, 2013 10:39pm
Quoting hao
{quote} you do not need to apologize, everybody has their own opinion. You're learning about price expectations, it is good., But you have not used it. You need to know when yet price stopped moving . At the start of a wide variety of this topic. I learn everything he PIP details Here. I still keep a lot of pictures of his trade PIP. But, I wonder at the confluence wrong, yet the confluence of you are wrong, you do not use these weapons by your other intellectuals. in this topic, I will not talk about my system, I am conveying experience but what...
But I was talking only about "how to measure depth" or "What is mean by increasing depth?" I did not talk about expectation or something. Mr. Pip can teach about expectation better than me.
-milkeyway
  • #6,591
  • Dec 25, 2013 2:28am Dec 25, 2013 2:28am
Quoting monocor
Dinapoli and Harmonics. entry first box, second box exit by dinapoli, third box 161% end of AB=CD. This is just for information about dinapoli Mr. Pip I will delete this post in a day {image}
Quoting Mr. Pip
This system is based on price action, ratios and harmonics. NO indictors will be added or used. Please do not post any as they are not part of this system.
.
-milkeyway
  • #6,592
  • Dec 25, 2013 3:09am Dec 25, 2013 3:09am
Good Day Mr. Pip

So far Harmonic strategies have been working well so far for me...

But im having trouble with SL areas and TP areas

What would be the Ideal SL and TP areas/Ratios for the Butterfly, Bat and Crab Patterns?

It would really be helpful if Harmonic Trading Veterans could confirm my Hypothesis because at the moment I have just been inventing my Stop Areas for the Butterfly, Bat and Crab

Thanks and Happy Holidays
  • #6,593
  • Dec 25, 2013 4:54am Dec 25, 2013 4:54am
Quoting kumaramy
{quote} {quote} .
Dinapoli and Harmonics pretty close. Harmonics based on fib ratio and price actrion. Dinapoli the same. But Dinapoli is using only 61 and 38 ratio, 100 and 161 extension. Harmonics is based on all fib levels and extensions.
Even though I walk through the darkest valley, I will fear no evil
  • #6,594
  • Dec 25, 2013 4:57am Dec 25, 2013 4:57am
Monday, I have tried m1 EJ, ABCD 7 trades, 5 BE, 2 in profit 28 pips. One bat pattern failure -6 pips. one trade AU M15 closed BE ABCD pattern
Even though I walk through the darkest valley, I will fear no evil
  • #6,595
  • Edited 5:42am Dec 25, 2013 5:03am | Edited 5:42am
Quoting kumaramy
{quote} This is screen shot of Mr. Pip's video. Zoom this image. There are small yellow arrows going to UPSIDE. It is depth. The height. Height O to P is depth Height Q to R is depth Height S to X is depth and height A to B is abnormally increased depth compared to others. {image}

Nice chart. Really small depth X, slow momentum X-a. We would expect deep depth at b. Until price close above X, bears still there, and ab=cd can be correction to the move
Even though I walk through the darkest valley, I will fear no evil
  • #6,596
  • Dec 25, 2013 5:23am Dec 25, 2013 5:23am
Quoting horuxito
Correct Fibonacci Extensions for Traders Using Metatrader Okay, enough has been said about how to configure the Fibonacci Object in MT4 to get the levels we need plus extensions. Today I am going to clarify a very important matter that is about at what side of the swing structure we want these extensions. You will learn that 1.618 is not the same as -0.618, they both have their validity but depending what we want. For this particular clarification I will take the Criteria No 2 of the ABCD pattern: Criteria 2: The market forms the (D) completion...
In Mt4 you can use fib expansion, and you don't need to add any levels to fib retracement. As expansion is measuring only extension of the leg. But you need to place one point to A, second to B and third to A( you can just place at the same level price). Expansion has tree points for measuring, be careful and don't place third point at C, you will have expansion and not extantion
You can see from the chart they have the same value
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Even though I walk through the darkest valley, I will fear no evil
  • #6,597
  • Dec 25, 2013 5:40am Dec 25, 2013 5:40am
Quoting kumaramy
{quote} But I was talking only about "how to measure depth" or "What is mean by increasing depth?" I did not talk about expectation or something. Mr. Pip can teach about expectation better than me.
Order flow is the expectation, because by the order flow structure you can expect how deep will be retracement, or trend reversal.
Even though I walk through the darkest valley, I will fear no evil
  • #6,598
  • Edited 10:22am Dec 25, 2013 8:36am | Edited 10:22am
Quoting monocor
{quote} Order flow is the expectation, because by the order flow structure you can expect how deep will be retracement, or trend reversal.
Is it good area to get aggressive C buy EURGPB 4HR ?

I see levels as target 8420, 8500-8515

8220 is high probable.
-milkeyway
  • #6,599
  • Edited 10:58am Dec 25, 2013 10:48am | Edited 10:58am
Quoting monocor
{quote} In Mt4 you can use fib expansion, and you don't need to add any levels to fib retracement. As expansion is measuring only extension of the leg. But you need to place one point to A, second to B and third to A( you can just place at the same level price). Expansion has tree points for measuring, be careful and don't place third point at C, you will have expansion and not extantion You can see from the chart they have the same value {image}
Hello monocor, good day to you.

Thank for your observations. That is absolutely correct the way to draw extensions using the fibo expansion tool.

It's very important to remark what you said of being careful about putting the third point in C, since that would make the measurement to be an expansion and not an extension. Fibonacci expansions and extensions are different and we use extensions in our analysis. So, again, good thing you made that clear.

Mr. Pip uses that tool as well in Ninjatrader and he uses the third point to equal the first which is the correct way.

The post (http://www.forexfactory.com/showthread.php?p=7173761#post7173761) I presented previously was nothing but an alternative way to have extensions with the same Fibo retracement. The reason is that the 3rd point is equal to the 1st, so its just a matter of maths to calculate them using the 0 and 100 level either with negative or positive measurement for extensions.

Regards
Best time to plant a tree was 20 years ago, second best is now
  • #6,600
  • Dec 25, 2013 1:42pm Dec 25, 2013 1:42pm
Hi. I always thought of harmonics as an entry/exit strategy, that would help me to catch big moves on broader context. Same goes for ABCD - it doesnt matter (for me*) whether BC did a 61.8 or not, id take even 38.2 if it gives a fine place to complete the pattern, any measured move counts imho. Ill show you one of my ongoing trades that was 500pips up and now its on the wedge of "do or die". I haven lost the hope tho. Bu the reason that i took the trade and didnt close it is because on higher TF i expect the price to go a lot lower. I wont move the stoploss or close the trade at the market open. I will be disappointment if i get stopped out but there are plenty opportunities like this one, and eventually ill get one right and make up all my loses + a lot more. Harmonics dont decide where the market will go, it just gives an edge. Taking every trade that matches the description sounds illogical for me. And HORUXITO, i think you should hire a translater.

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