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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

  • #7,001
  • Jan 3, 2014 3:00pm Jan 3, 2014 3:00pm
Quoting Mr. Pip
Tell me are you starting feel less emotional and more empowered? That you are no longer at the mercy of the chart? that you understand what is happening each day a bit more?
Getting there, getting there... baby steps hehe.

EURUSD... fuf, what a drop! These are the kind of rally/drop without significative retracements I like paying an eye to. Looking for signs of exhaustion. This trade, taken at the right spot, could provide a nice pullback to the 38.2 of the big down swing, 80-100 pips! Time to start reading bearish weakness and bulls takeover ņaca ņaca ņaca

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Best time to plant a tree was 20 years ago, second best is now
  • #7,002
  • Jan 3, 2014 3:07pm Jan 3, 2014 3:07pm
Hi
I am new here and wondered if there is anything to this pattern on gold ?
Harmonics are new for me.
Thanks

shane

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  • #7,003
  • Jan 3, 2014 3:20pm Jan 3, 2014 3:20pm
last min entry lol harmonics rule yeah

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  • #7,004
  • Jan 3, 2014 3:43pm Jan 3, 2014 3:43pm
I could not resist too.

Momentum decreasing
Harmonic move
Resistance level

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  • #7,005
  • Jan 3, 2014 3:45pm Jan 3, 2014 3:45pm
Quoting Forexbuster
last min entry lol harmonics rule yeah {image}
Hehe nice. I introduced one soldier there as well! But we will live in agony for the rest of the weekend. Be awared of the gap, you could be taken out before hitting profit.
Best time to plant a tree was 20 years ago, second best is now
  • #7,006
  • Jan 3, 2014 5:05pm Jan 3, 2014 5:05pm
Quoting horuxito
Wow, lots of action this morning! Mr. Pip, I think we are cooking this thing about expectations and order flow very nicely. I can see people starting to forget about animals and that's fantastic. Looking forward to learn more about it. It all comes down to practice at the end and trading in the direction of strength and against weakness. @Forexbuster, great trades today, congratulations. The only thing I can say is that D completions come easy when trading them against the order flow, but since you are going against strength you might end up not...
Animals huh? I would say systems...
Does not really matter in my experience what your system is, but it matters if you master it to the degree of making profit out of it, meanwhile have a safe MM and TM to keep you out of real trouble.
Anyway, I do definitely agree, this system is a good one to be able to use.
Have a nice weekend!
  • #7,007
  • Jan 3, 2014 5:57pm Jan 3, 2014 5:57pm
Quoting lobogabor
{quote} Animals huh? I would say systems... Does not really matter in my experience what your system is, but it matters if you master it to the degree of making profit out of it, meanwhile have a safe MM and TM to keep you out of real trouble. Anyway, I do definitely agree, this system is a good one to be able to use. Have a nice weekend!
Yes, you are right.

Mr. Pip has said that if there is still interest to learm those pattern we will discuss them in the future.

My intention was to say there are so many details about reading the charts correctly that they become too advanced for now. Hey, but is great you already master them!

Have a nice weekend too!
Best time to plant a tree was 20 years ago, second best is now
  • #7,008
  • Jan 3, 2014 6:14pm Jan 3, 2014 6:14pm
Hello

I just want to thank you Mr. Pip

I was able to finally understand the ABCD pattern after watching your youtube videos.
I plan on forgetting everything else and just focus on mastering and trading that pattern over and over again.
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Dragon Rider
  • #7,009
  • Jan 3, 2014 7:07pm Jan 3, 2014 7:07pm
Quoting Mr. Pip
I am very pleased to read the most recent post! At last we are starting to focus on what really matters. There has been significant improvement in order flow analysis and structure. lets not forget about the ratios and confluence as well. We have to start tying these tools together building our case for entry. Keep it up guys. You are well on your way to becoming market professionals! I'm sure you are noticing your accounts are showing a turn for the better and that you are making better trading decisions with greater confidence. Tell me are you...
Big yes to that question does feel way less emotion than drawing TLs and all that


didnt trade friday either but was following the euro price action London opening and the ratios and structures wouldnt stop jumping out at me so I turned off the freaking computer looking forward to seeing all u guys monday !!!!!

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Never said I was Batman,all I'm saying is you'll never see us together.
  • #7,010
  • Jan 3, 2014 8:36pm Jan 3, 2014 8:36pm
Quoting Mr. Pip
I am very pleased to read the most recent post! At last we are starting to focus on what really matters. There has been significant improvement in order flow analysis and structure. lets not forget about the ratios and confluence as well. We have to start tying these tools together building our case for entry. Keep it up guys. You are well on your way to becoming market professionals! I'm sure you are noticing your accounts are showing a turn for the better and that you are making better trading decisions with greater confidence. Tell me are you...
Yes Mr.Pip I can assure you that I am looking a the market in top notch approach now, at least you can say that now I am learning the language of the market and to be pro in speaking that language , when looking at market and saying that PA will go here, and then take a stall or turn back following expectation is indeed powerful
I Have Learned to Take Some Losses to Make Profits
  • #7,011
  • Jan 3, 2014 9:06pm Jan 3, 2014 9:06pm
Quoting itinerant
{quote} A picture speaks a thousand words (and gets a little more accurate on %) {image}
How do you measure retracemecnt or pullback with exact percentage?

Also I would like to know from you guys the exact Butterfly D completion, is it at 127 ext or 161.8 of AB ?
I Have Learned to Take Some Losses to Make Profits
  • #7,012
  • Jan 3, 2014 10:38pm Jan 3, 2014 10:38pm
Quoting Mr. Pip
{quote} Itinerant did a fine run down. We have to also consider the context. There is lots of confluence there can you spot it? I will let you try first before I present a chart. That is a strong candle but ask yourself what does this mean and what do I expect next? those two questions will almost always give you the correct bias. Besides what was already mentioned by Itinerant, should the bears have allowed the bulls to close positive on the following candle and increase buying strength on the following? I will leave you with that and would like...

Hello Mr. Pip,
Up doing a little studying and the 5 min chart that AJ1 posted is very interesting. I am very interested in hearing what you have to say about the chart once AJ1 gives you his answers. I don't trade the GBP or the Euro for that matter because of the greater margin requirements. I find I get more bang for my buck with the USD/JPY. I did go tonight and open the chart and give it a rundown on what I spotted and to be honest I have been fooled before more than once in just the same setup. I have to admit once I have adapted your teachings they are not near as often. I prefer to trade the 5 min. charts myself but frequently look to the 1 min. charts to get better breakdown on some of the larger candles when they come along. I am very interested in how you interpret that chart.


Paul
  • #7,013
  • Jan 3, 2014 11:23pm Jan 3, 2014 11:23pm
Gold 4hr

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-milkeyway
  • #7,014
  • Jan 4, 2014 3:05am Jan 4, 2014 3:05am
Quoting Mr. Pip
{quote} Ok tell me what you see. Start with structure then with order flow. What does the chart tell you? I want you to try first.
Bullish structure, there is strength, then weakness harmonically upward.
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  • #7,015
  • Jan 4, 2014 4:35am Jan 4, 2014 4:35am
Quoting Mr. Pip
{quote} Itinerant did a fine run down. We have to also consider the context. There is lots of confluence there can you spot it? I will let you try first before I present a chart. That is a strong candle but ask yourself what does this mean and what do I expect next? those two questions will almost always give you the correct bias. Besides what was already mentioned by Itinerant, should the bears have allowed the bulls to close positive on the following candle and increase buying strength on the following? I will leave you with that and would like...

Good morning D

Firstly regarding the confluence, to my un-trained eye, on that 5min chart I cannot see it. I have zoomed out as far as I can go, and cant see it.

Regarding the strong bear candle, the only thing I can think of is, the candle means strength to the downside, this means that I would have expected the price to continue down. However the Bulls rejected lower price, then pushed price higher, then higher again on the second bull candle.


Regards
Aj1
  • #7,016
  • Jan 4, 2014 4:35am Jan 4, 2014 4:35am
Quoting TheScorpS
{quote} How do you measure retracemecnt or pullback with exact percentage?
Ordinarily I wouldn't bother - I was just being flippant, quipping that the Mark 1 Eyeball had been a little off from my first post after I laid a fib over the swings.
The important point is: I think only obvious differences are relevant i.e. 20% to 70% is significant. 20% to 30% is probably not. Something that stands out at you when you look at it.

Quote
Also I would like to know from you guys the exact Butterfly D completion, is it at 127 ext or 161.8 of AB ?
From what I can calculate from the prices shown on the Advanced Pattern Guide, it is the confluence of 127% retracement of XA and 161.8% extension of AB.
  • #7,017
  • Jan 4, 2014 5:26am Jan 4, 2014 5:26am
Quoting Aj1
{quote} Good morning D Firstly regarding the confluence, to my un-trained eye, on that 5min chart I cannot see it. I have zoomed out as far as I can go, and cant see it.
I don't trade cable, but here's some thoughts to get you started
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  • #7,018
  • Jan 4, 2014 7:51am Jan 4, 2014 7:51am
Quoting TheScorpS
{quote} How do you measure retracemecnt or pullback with exact percentage? Also I would like to know from you guys the exact Butterfly D completion, is it at 127 ext or 161.8 of AB ?
Just use your Fibonacci tool and draw it from the swing high to the low or low to the high depending on the direction of order flow. This will give you exact percentages. Anything below the 50% intimates stronger bias in that direction. Anything beyond the 50% indicates weakening bias and possible breakdown.
If you fail to plan, you plan to fail.
  • #7,019
  • Jan 4, 2014 7:56am Jan 4, 2014 7:56am
Quoting dpaulinla
{quote} Hello Mr. Pip, Up doing a little studying and the 5 min chart that AJ1 posted is very interesting. I am very interested in hearing what you have to say about the chart once AJ1 gives you his answers. I don't trade the GBP or the Euro for that matter because of the greater margin requirements. I find I get more bang for my buck with the USD/JPY. I did go tonight and open the chart and give it a rundown on what I spotted and to be honest I have been fooled before more than once in just the same setup. I have to admit once I have adapted your...
I'm going to make a video on this chart because I believe this is an important topic we have covered this before and it would be similar to a previous video but it will be specific to this chart a perhaps a good refresher for some of the more experienced traders. I will work on it tonight and post it hopefully by tomorrow. I have some things to do today.
If you fail to plan, you plan to fail.
  • #7,020
  • Jan 4, 2014 8:01am Jan 4, 2014 8:01am
Quoting kumaramy
Gold 4hr {image}
Show me the confluence that help you determine that expectation. I agree with your assessment but I want you to have reasons more than one to accept a trading decision at that level.

I want to make sure you are building a solid case for entry. Confluence is important as well it helps you strengthen your expectation or adjust is slightly. In other words it make your expectation more accurate.
If you fail to plan, you plan to fail.
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