Ratios & Harmonics: a Different Way to Trade

Quoting kwonkicker

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And HORUXITO, i think you should hire a translater.

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Quoting kumaramy

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GBPJPY Aggressive C sell. Confluence Trend lines Ab=Cd 78.6% fib retracement. Increasing depth to the downside. {image}

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Quoting horuxito

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{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....

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Quoting Muyen

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{quote} Thank You for this post

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Quoting horuxito

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Thanks knownkicker, always learning here. Thanks for the advice. {quote} Just to add... I want to take my hat off and aplaude everyone here in this thread. 70% of us are not from the United States, the UK, Australia or Canada. We come from Argentina, Cuba, Ecuador, Venezuela, Colombia, Brazil, Panama, Costa Rica, Guatemala, Mexico, Spain, France, Italy, Slovenia, Croatia, Ukraine, Russia, Japan, India, Pakistan, China, Indonesia. We know that if we want to learn we need to read and write in a common language. Many of you are better than me on that...

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Quoting gaf

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{quote} Your English is fine Horuxito! I can understand you perfectly. Thanks for your posts!

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Quoting FineForex

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{quote}This thread is by far my favorite blessing. Ratio and harmonics anniversary tomorrow!

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Quoting horuxito

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{quote} 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...

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Quoting kumaramy

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Just testing my knowledge about orderflow. This is GBPUSD 1HR chart. What I am doing is aggressive C buy. Reasons/confluence : S/R key level Increasing depth to the upside. Decreasing momentum to the downside. Impulse and correction formation. C is at 61% of AB. Correct me if I am doing it wrong way. {image}

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Quoting kumaramy

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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. {image} {image}

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Quoting kumaramy

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GBPJPY Aggressive C sell. Confluence Trend lines Ab=Cd 78.6% fib retracement. Increasing depth to the downside. {image}

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Quoting kumaramy

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{quote} Yellow lines : Increasing depth to the upside. Increasing momentum to the upside. White lines : Decreasing momentum to the downside. Projection < 0. HL 6325 Demand level I am still with buyers. UPDATE. TP modified @1.6418. 78.6% fib level {image}

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Quoting horuxito

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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 [url=http://www.forexfactory.com/showthread.php?p=6366535#post6366535]Post...

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Quoting itinerant

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Thanks Amit, I'm still not sure I understand your interpretation on the GBPJPY chart but many thanks nevertheless! Happy trading

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Quoting hao

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{quote} 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! {image}

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Quoting hao

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{quote} I want to warn you, the price expectations in video MR PIP, you should remember that it is the "expectation", which means: it has a random percentage. you should focus on the confluence - commercial reasons, it is the deciding factor.

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Quoting itinerant

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{quote} Hi Amit, I think perhaps my depictions are confusing you: I use slanted lines for depth rather than vertical arrows as my preference (as this gives me an indication of depth's momentum - not something Mr Pip has mentioned but I'm observing nevertheless), 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.

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