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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

  • #6,801
  • Dec 30, 2013 9:32am Dec 30, 2013 9:32am
Here is a PRZ taken from two swings a main one and a correction swing on a 1 minute chart. This work on any time frame you just have to have realistic expectation. you cannot expect for it to provide you with 50 pips but 10 is fair and I will take those all day long. They add up quick
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD (1 Min) 12_30_2013.jpg Size: 133 KB
If you fail to plan, you plan to fail.
  • #6,802
  • Dec 30, 2013 9:34am Dec 30, 2013 9:34am
I've made 28 pips on short exhaustion trades. Since expectation tells me where turning points are going to take play, it's easy pickings. Some fun scalping.
If you fail to plan, you plan to fail.
  • #6,803
  • Dec 30, 2013 9:39am Dec 30, 2013 9:39am
I'm about to cover on this one for 7 so day's total 35. RN holding weakness on the bears.
Attached Image (click to enlarge)
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If you fail to plan, you plan to fail.
  • #6,804
  • Dec 30, 2013 9:41am Dec 30, 2013 9:41am
Not a bad day. Off for some family time. I will be in and out post your questions and I will get to them.
If you fail to plan, you plan to fail.
  • #6,805
  • Dec 30, 2013 10:38am Dec 30, 2013 10:38am
GBPJPY Aggressive C sell possible.
Increasing depth to downside
Increasing momentum to the downside.
Decreasing momentum to the upside.
Please share opinions.
Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpym15.png Size: 38 KB
-milkeyway
  • #6,806
  • Dec 30, 2013 10:46am Dec 30, 2013 10:46am
Quoting kumaramy
{image}
AU Closed +62 pips
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-milkeyway
  • #6,807
  • Dec 30, 2013 10:57am Dec 30, 2013 10:57am
Quoting Mr. Pip
I'm about to cover on this one for 7 so day's total 35. RN holding weakness on the bears. {image}
Awesome day but only caught the first loser. My reads were off. I watched quite a few of those 10 pips float by today without firing. I didn't feel comfortable with the up trend for some reason. I kept trying to see reversals . My last one I scratched at BE as I anticipated the BO failure. I should have jumped back in for the agro c up but I guess today is just one of those days.

I have a pretty bad head cold but I dont' think it really did much to hinder me.

I didn't see the swing you used as main. I was using the whole messy swing which dropped the doji just below the 127 for me I didn't' trade it expecting to take the pullback. I'll have to practice exhaustion. Hope others had a good day. Cheers.
Attached Image(s) (click to enlarge)
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Finally out of the shadows.
  • #6,808
  • Dec 30, 2013 11:03am Dec 30, 2013 11:03am
Shorted EURCHF.
Sharp weakness momentum to the downside
longterm S/R key level at SL.
Attached Image (click to enlarge)
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-milkeyway
  • #6,809
  • Dec 30, 2013 1:29pm Dec 30, 2013 1:29pm
AUD/USD H1 Gartley , concern is PA closed below 138.2, so waited a double bottom with higher low ,decrease in momentum and no projection to take the price lower
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I Have Learned to Take Some Losses to Make Profits
  • #6,810
  • Dec 30, 2013 3:10pm Dec 30, 2013 3:10pm
Quoting Mr. Pip
{quote} Try not to bounce around between time frames. Learn to look at the one your feel comfortable with. different time frames sends different messages.
I totally agree. Trying to trade one time frame while jumping around to others is very confusing and gives mixed signals to someone who is not a market professional. Also chasing after bad trades tying to double up to save your loses is counterproductive also. I have taken a couple days off to do some studying and soul searching. As you say this has to be treated as a business and distractions can cause one to lose focus and "their goal". We are all here to strive to become better traders and all "dream" to have the success of Mr. Pip but it is hard work and dedication. I want to welcome back bronco as well. Hold your head up man. I know what your going thru and suffer with you. There has been talk of stoploss hunting mentioned before in the tread and I have my own thoughts about that. All I can say that for certain I am POSITIVE without a shadow of a doubt that the only way a person can succeed in this market is with the tools Mr. Pip has laid out before us. I am wishing you all a Happy New Year.
  • #6,811
  • Dec 30, 2013 3:35pm Dec 30, 2013 3:35pm
Quoting Mr. Pip
{quote} Try not to bounce around between time frames. Learn to look at the one your feel comfortable with. different time frames sends different messages.

Sir i normally trade 4H & Daily TF and take entry on 1H i only make that statement to let him see the pattern that was forming on a higher TF.
  • #6,812
  • Dec 30, 2013 3:47pm Dec 30, 2013 3:47pm
Quoting Muyen
{quote} Sir i normally trade 4H & Daily TF and take entry on 1H i only make that statement to let him see the pattern that was forming on a higher TF.
I still believe you don't need to do that. I use to do that early in my career and later realized I did not need to do that. If you look closely you will be able to see the daily on the 4H. If you simplify your approach and trading you will be more efficient all around.
If you fail to plan, you plan to fail.
  • #6,813
  • Dec 30, 2013 5:10pm Dec 30, 2013 5:10pm
My interpretation on EURUSD today.
Might be totally wrong, might not
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  • #6,814
  • Dec 30, 2013 6:02pm Dec 30, 2013 6:02pm
Quoting dpaulinla
{quote} I totally agree. Trying to trade one time frame while jumping around to others is very confusing and gives mixed signals to someone who is not a market professional. Also chasing after bad trades tying to double up to save your loses is counterproductive also. I have taken a couple days off to do some studying and soul searching. As you say this has to be treated as a business and distractions can cause one to lose focus and "their goal". We are all here to strive to become better traders and all "dream" to have the success of Mr. Pip but...
THANKS Dpaulinla, I went to the dark side for a few days. I'm back on the road to success. May we all keep the goal insight and not stray far in the coming New Year.
  • #6,815
  • Dec 30, 2013 6:19pm Dec 30, 2013 6:19pm
I usually don't like to post the trades just for my self, but I know how useful sometimes is to see others trades. Also Mr.Pip welcomed to share our trades and analysis, so I think this one was a good one. I like it, because it is like in original Mr.Pip's ROE, looking at H1 and taking entries on M5.

I found ABCD with some structure confluence on AUDUSD H1, and took the entry based on M5 Price Action. This one was a winner of almost 1:2 Risk Reward ration.
Attached Image(s) (click to enlarge)
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  • #6,816
  • Dec 30, 2013 8:47pm Dec 30, 2013 8:47pm
Quoting kumaramy
GBPJPY Aggressive C sell possible. Increasing depth to downside Increasing momentum to the downside. Decreasing momentum to the upside. Please share opinions. Thanks. {image}
Done.
Attached Image(s) (click to enlarge)
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-milkeyway
  • #6,817
  • Dec 30, 2013 9:54pm Dec 30, 2013 9:54pm
Quoting itinerant
My interpretation on EURUSD today. Might be totally wrong, might not {image}
Nice!

While reading the whole thread I read some of your posts back from January It's nice how many of us, like FineForex, Starry, Bary, Gaf and many others have now one year here! Good to see the evolution of the whole thing!

Happy new year to all!
Best time to plant a tree was 20 years ago, second best is now
  • #6,818
  • Dec 30, 2013 11:38pm Dec 30, 2013 11:38pm
Quoting Mr. Pip
{quote} I still believe you don't need to do that. I use to do that early in my career and later realized I did not need to do that. If you look closely you will be able to see the daily on the 4H. If you simplify your approach and trading you will be more efficient all around.
Thank you Sir it's a big privileged to be advised by you i will start applying that right away.
  • #6,819
  • Dec 30, 2013 11:49pm Dec 30, 2013 11:49pm
Attached Image (click to enlarge)
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-milkeyway
  • #6,820
  • Dec 31, 2013 12:03am Dec 31, 2013 12:03am
Quoting kumaramy
{quote} Done. {image} {image}
You were very right. Pls what is that meter on the upper part of your chart.
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