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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

  • #7,041
  • Jan 4, 2014 11:50am Jan 4, 2014 11:50am
Quoting Mr. Pip
{quote} Here is the structure {image}
This view is correct?
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  • #7,042
  • Jan 4, 2014 12:18pm Jan 4, 2014 12:18pm
Quoting Aj1
Mr Pip I have been training my mind to spot reversals, and after watching your order flow video, things became clearer. I have a question, if you look at my Cable 5min chart. I see strong momentum to the downside, and strong projection down, however if you look at the last momentum swing, there is a huge bear candle, then price suddenly reverses. Could you please tell me what I should be looking at in order to tell that the momentum has shifted the bias from bears to bulls. {image}
Is still waiting for your definition. Maybe?
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  • #7,043
  • Jan 4, 2014 12:29pm Jan 4, 2014 12:29pm
Quoting hao
{quote} you fall into: chaos model. you should focus on the confluence. price reversal is likely sooner than you expected. http://www.forexfactory.com/showthread.php?p=6322854#post6322854 {image}
Thanks hao, I will check this out!
Could you please comment this one as well?
AudUsd bull butterfly and bat devekoping on HTF.
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  • #7,044
  • Jan 4, 2014 1:42pm Jan 4, 2014 1:42pm
Quoting Mr. Pip
{quote} I will make this a video sometime today or tonight and post it.

Look forward to it. Thank you. One more thing D could you please put all the new videos available on Youtube, our own private library.

Regards
Aj1
  • #7,045
  • Jan 4, 2014 4:02pm Jan 4, 2014 4:02pm
Quoting kumaramy
{quote} I am long for GJ. {image}

what price are you long from ? I wouldnt be happy with RR trading into this structure personally my expectation is it could turn down soon

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Never said I was Batman,all I'm saying is you'll never see us together.
  • #7,046
  • Edited 5:15pm Jan 4, 2014 5:00pm | Edited 5:15pm
Quoting headfake
{quote} what price are you long from ? I wouldnt be happy with RR trading into this structure personally my expectation is it could turn down soon {image}
headfake, I am just learning supdem matters, but I would have some comments for your consideration and discussion...
Your blue zone seems to be a mixture of supply/demand and support/resistance mixed approach, ie.. the combined zone will give you a wider risk ratio.
Also, my look at the higher time frame gives the impression that it would be a counter trend trade. On the current H1 TF it is not an up trend now, but neither a down trend yet. No problemo, just I think it is important to know if you have a back wind or you are going against the wind at the moment. What do you think?
I have also attached a D1 to see why I think we are in an up trend...
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  • #7,047
  • Jan 4, 2014 5:53pm Jan 4, 2014 5:53pm
Quoting lobogabor
{quote} headfake, I am just learning supdem matters, but I would have some comments for your consideration and discussion... Your blue zone seems to be a mixture of supply/demand and support/resistance mixed approach, ie.. the combined zone will give you a wider risk ratio. Also, my look at the higher time frame gives the impression that it would be a counter trend trade. On the current H1 TF it is not an up trend now, but neither a down trend yet. No problemo, just I think it is important to know if you have a back wind or you are going against...

Hi its not a mixed approach because how can that area be support and resistance at the same time? When your above it its support when your below its resistance or supply

Because its a wider zone it makes it more difficult to break thru because it has multiple supply levels and will be defended more

so if you look at that lower swing on your first chart that uve highlighted in red thats the first hurdle to get thru or supply zone which is pretty close to entry and then theres a few after that too
Never said I was Batman,all I'm saying is you'll never see us together.
  • #7,048
  • Jan 4, 2014 5:56pm Jan 4, 2014 5:56pm
Quoting lobogabor
{quote} Thanks hao, I will check this out! Could you please comment this one as well? AudUsd bull butterfly and bat devekoping on HTF. {image}

prices continue to go down. Confluence is not strong enough, the price is adjusted.
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Trading in the zone
  • #7,049
  • Jan 4, 2014 6:00pm Jan 4, 2014 6:00pm
Quoting lobogabor
{quote} headfake, I am just learning supdem matters, but I would have some comments for your consideration and discussion... Your blue zone seems to be a mixture of supply/demand and support/resistance mixed approach, ie.. the combined zone will give you a wider risk ratio. Also, my look at the higher time frame gives the impression that it would be a counter trend trade. On the current H1 TF it is not an up trend now, but neither a down trend yet. No problemo, just I think it is important to know if you have a back wind or you are going against...
you could have traded maybe on the lower tfs for some scalp longs and smaller targets but just seemed a bit risky for me on the 1hr
Never said I was Batman,all I'm saying is you'll never see us together.
  • #7,050
  • Jan 4, 2014 6:18pm Jan 4, 2014 6:18pm
Quoting headfake
{quote} Hi its not a mixed approach because how can that area be support and resistance at the same time? When your above it its support when your below its resistance or supply Because its a wider zone it makes it more difficult to break thru because it has multiple supply levels and will be defended more so if you look at that lower swing on your first chart that uve highlighted in red thats the first hurdle to get thru or supply zone which is pretty close to entry and then theres a few after that too
Sorry, my explanation must have been poor...
I see a resistance zone higher than the supply zone(s) I drawn on my dwg. Should have placed a horizontal line at the top of your blue rectangle.
That line would go through all previous waves and candles just where previous support and resistance zones were.
On the other hand, if you want to reduce your risk, you could work with the latest new and unused (or used ones if it is in your strat) supply zones instead.
I hope now it is clearer what I meant, but I am a student, so I might be completely wrong.
  • #7,051
  • Jan 4, 2014 6:28pm Jan 4, 2014 6:28pm
Quoting lobogabor
{quote} Sorry, my explanation must have been poor... I see a resistance zone higher than the supply zone(s) I drawn on my dwg. Should have placed a horizontal line at the top of your blue rectangle. That line would go through all previous waves and candles just where previous support and resistance zones were. On the other hand, if you want to reduce your risk, you could work with the latest new and unused (or used ones if it is in your strat) supply zones instead. I hope now it is clearer what I meant, but I am a student, so I might be completely...

well we're at the right place to learn.

resistance and supply zones are the same thing. Each swing will act in our case as supply zones or hurdles to get thru the highs and the lows of the swings too
Never said I was Batman,all I'm saying is you'll never see us together.
  • #7,052
  • Jan 4, 2014 6:31pm Jan 4, 2014 6:31pm
Quoting lobogabor
{quote} Sorry, my explanation must have been poor... I see a resistance zone higher than the supply zone(s) I drawn on my dwg. Should have placed a horizontal line at the top of your blue rectangle. That line would go through all previous waves and candles just where previous support and resistance zones were. On the other hand, if you want to reduce your risk, you could work with the latest new and unused (or used ones if it is in your strat) supply zones instead. I hope now it is clearer what I meant, but I am a student, so I might be completely...
have you seen Mr pips vid on swing id yet I think its called?
Never said I was Batman,all I'm saying is you'll never see us together.
  • #7,053
  • Jan 4, 2014 6:33pm Jan 4, 2014 6:33pm
Quoting hao
{quote} prices continue to go down. Confluence is not strong enough, the price is adjusted. {image}
Thanks again. Can you explain what you mean by the "price adjusted"? Also plz tell me what the up and down color arrows mean on your pic.!
My demand zone was coming in bw your 161 fibex and the 50% ret... was it the location you meant?
Thank you!
  • #7,054
  • Jan 4, 2014 7:25pm Jan 4, 2014 7:25pm
Quoting Mr. Pip
Here is another video covering exhaustion points and harmonic for market turning points. Post comments or concerns. http://www.youtube.com/watch?v=JsNIrS8rUWE&feature=player_detailpage
Nice video Mr. Pip
  • #7,055
  • Jan 4, 2014 7:34pm Jan 4, 2014 7:34pm
Mr. Pip,

First of all, congratulations!!! Lots of congratulations... for your knowledge, for your time, for your wish to see others profiting, for your patience, and also for your capacity to explain to the others how you see the markets and how you trade them.

I'm a member in FF for about one and a half year, but I don't participate so much in the forum. I had a fulltime job that takes all my strenght, so my time to learn trading nowadays is short. But the trading road for me, in my understanding, is not short... I've traded stocks in my own country (Brazil), options, studied many traders, read many books etc etc, but in fact I couldn't get profitable. About 2 years ago I read the Bill Williams book Trading Chaos, and it definetely changed my way of see the charts. Then, I begin to trade forex with his metodology (part of it), and begin to see some results in trading.. I could get some profits, and also lose them.. but in the long run the result is zero. For me, 4 years past since I first begin trading some stocks in my free time, it's a good point... I tought many times not lose my time anymore in trading, and focus in others business, but the fact is that Bill Williams give me some perspective and I started to believe again that is possible to trading for a living in the markets.

Reading one post of you in page 8 (I think it's in page 8 or 9 of this thread), you told someone "you could be your own boss, the same as I did" ... or something like that. Man, this is my dream.. profit and live from the markets... but the true is that I almost gave up from this idea many times.. I'm a persisent guy, and love to be challenged, and I think this is why I loved to trade since the first time I did it. I've seen many discussions in here about the learning curve of a trader to be profitable and I think I'm not that bad.. and as Bill Williams lets me get a step higher in my trading, I think you will make it also!!!

I've already read some data about harmonic trading, but I have not given due importance I think. I caught this thread yesterday and I'll read every detail of all pages to understand it well, and then I'll put some doubts in the table if there any, ok? I just get the Scott Carney vol. 1 book and I'm already reading it...

Again, thank you so much and promise that I'll do my best to get what you are offering us...

Best regards to you!!! And why not, the best trades also!!!
  • #7,056
  • Jan 4, 2014 7:35pm Jan 4, 2014 7:35pm
Quoting itinerant
{quote} 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} 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.
Thanks a lot , will try to it this way then, at least this what I have been noticing
I Have Learned to Take Some Losses to Make Profits
  • #7,057
  • Jan 4, 2014 7:46pm Jan 4, 2014 7:46pm
Quoting Mr. Pip
{quote} 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.
Exactly Mr.Pip . thank you
I Have Learned to Take Some Losses to Make Profits
  • #7,058
  • Jan 4, 2014 8:17pm Jan 4, 2014 8:17pm
Quoting headfake
{quote} have you seen Mr pips vid on swing id yet I think its called?
Dunno, just in case, plz send a link.
Tnx.
  • #7,059
  • Jan 4, 2014 8:30pm Jan 4, 2014 8:30pm
Quoting lobogabor
{quote} Dunno, just in case, plz send a link. Tnx.
http://www.youtube.com/watch?v=319oUEQTm_Y

http://www.youtube.com/results?search_query=dcastfx&sm=1
Never said I was Batman,all I'm saying is you'll never see us together.
  • #7,060
  • Edited Jan 5, 2014 5:38am Jan 4, 2014 10:38pm | Edited Jan 5, 2014 5:38am
Quoting lobogabor
{quote} Thanks again. Can you explain what you mean by the "price adjusted"? Also plz tell me what the up and down color arrows mean on your pic.! My demand zone was coming in bw your 161 fibex and the 50% ret... was it the location you meant? Thank you!
price is adjusted: see obstacles price (s / r, trendline, fib, supply & demand ....) price trend goes against the current. price ladder-like move (undulating progressive)

arrows: location I enter and exit the command. you do not need to care about it.
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