Ratios & Harmonics: a Different Way to Trade

Quoting Mr. Pip

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{quote} {quote} It depends on what time frame you are trading. If you are on a 15M through 1H I would tell you 10 pips above or below X. Take profit is the same for all BE is at the 38% of AD and profit at the 61% of AD. There are other considerations if you want to stay in the trade longer for extended profits through order flow analysis.

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Quoting dpaulinla

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Mr. Pip, These are exactly the areas that I find most troubling and hard to figure out. As you see in the main retracement it comes to the 38.1-50-68.1 level. After reaching the 61.8 level it makes a higher high and follows with a lower low. It then follows that with a lower high and price action looks to be playing out. 2 bearing candles follow, allowed the second is somewhat weak and then bang......the rug is drug out from under you. You are thinking the bulls are at best going to keep it somewhat in the area and it doesn't happen. This seems...

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Quoting horuxito

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{quote} Excellent video Mr. Pip! and nice music. I can see how extensions can provide you with an expectation for price during your ongoing trade and for possible areas of exhaustions for taking a counter. I will review this video over and over since it also supports all what we have been talking about ABCD's, retracemens, momentum and, more importantly, expectation. In the image you posted a few posts back I can see how great you were able to pick that top, to the pip! We had an intermediate base there to take a smaller extension measurement. But...

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Quoting kumaramy

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Hello Mr. Pip. It is good to trade when market gives corrections like 61.8% fib, testing previous LH as support when uptrend, etc. But, when goes upside without testing previous LH, or without giving big retracement like 61%, how do you trade it ? Thanks {image}

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Quoting Muyen

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{quote} Hi I think if you zoom out and look at it from bigger TF you will see some thing like gartley forming share your exp with us on this because i keep seeing big swing and on this Muyen {image}

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Quoting Davit

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{quote} Hi Damian Interesting subject.I use Exhaustion points in my trading but wanted to add that one must be aware what instruments are more likely to respond. If you are trading Yen pairs specially crosses be aware they are in strong trends and you can blow serious money expected a retrace and none may come for hundreds of pips. Example here where I basically running out of fib numbers... EJ daily I think sticking with EU GU is lot less violent. REgards {image}

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Quoting Mr. Pip

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Short on the EURUSD {image}

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Quoting Mr. Pip

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Short on the EURUSD {image}

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Quoting Starry

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Hello, Im working on order flow expectations. We have a large projection, and I expected to see a shallow retracement. However, since I suspected the long-term order flow was breaking down, I also expected that we may see a deeper retracement. We got a deeper retracement, I entered at the green circle (and got stopped out when it retested). So, my expectation was wrong (shallow retracement) because , potentially, the long-term order flow is breaking down. How do I create a new expectation? Heres the if/then expectation logic i was using, with the...

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Quoting 76bronco

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{quote} Mr. Pip You still use a Kinetick Feed. Here's my live Kinetick feed. What a difference. {image}

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Quoting Mr. Pip

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{quote} Reassess the structure and order flow what is the market telling you?

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Quoting Mr. Pip

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{quote} I don't my friend , I wait for a good correction at least 38.2%

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Quoting kumaramy

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{quote} So basically, (if de doesn't give 38% retracement) if you buy at C, you will see some price action at D like doji, pinbar etc. battle won by bear candle and you will close the trade. And because of that you will miss the move ef because you don't have opened trade now. Or may be if you entered short at D, the trade may give stop loss. But we want to take benefit of the move ef so how can we take that benefit ? {image}

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Quoting kumaramy

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{image}

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Quoting Starry

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{quote} Once the deep retracement occurs, I know that short-term order flow is up, but there is also long-term order flow weakness. The market is telling me it is going to retrace, but i dont know how far (short-term order flow up), because it is at the end of a large swing up.

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Quoting kumaramy

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{quote} So basically, (if de doesn't give 38% retracement) if you buy at C, you will see some price action at D like doji, pinbar etc. battle won by bear candle and you will close the trade. And because of that you will miss the move ef because you don't have opened trade now. Or may be if you entered short at D, the trade may give stop loss. But we want to take benefit of the move ef so how can we take that benefit ? {image}

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