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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

  • #7,881
  • Jan 24, 2014 9:02am Jan 24, 2014 9:02am
Testing on one more pair....

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-milkeyway
  • #7,882
  • Jan 24, 2014 3:05pm Jan 24, 2014 3:05pm
Hi Fellow Traders,

Happy to just joined the forum. Look forward to participate.

Question: Does anyone know if there is any software for harmonics tools (Gartley, etc) for ninjatrader?

Thanks

Tradervic888
  • #7,883
  • Jan 25, 2014 11:11am Jan 25, 2014 11:11am
cadjpymonthly
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THERE IS NO SYSTEM
  • #7,884
  • Jan 25, 2014 3:46pm Jan 25, 2014 3:46pm
GbpJpy D1 bull shark in the possible attack zone, still has room to the downside before biting.
There are some supdem zones to guide it where to byte. Drilling down on LTF this can be fine tuned.
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  • #7,885
  • Jan 25, 2014 4:16pm Jan 25, 2014 4:16pm
CadChf D1 potential bull Bat in the zone...
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  • #7,886
  • Jan 25, 2014 4:18pm Jan 25, 2014 4:18pm
Mr. Pip,
Hope your test went well. I am sure I speak for many others as well as myself in saying we look forward to your return. I have not been able to trade as much as I would have liked the last wk because of work. The few trades I made I seemed to have a hard time getting pips out of them because I kept expecting retracements and the pair I trade just kept plummeting. Looking back over the last wk even in the higher time frames I cannot identify ABCD's as defined per your rules or even AB=CD's for that matter. If I would have just followed the trend I would have made tons of pips. It was truly frustrating. Have you experienced this or am I just missing something? Thanks in advance.




Paul
  • #7,887
  • Jan 25, 2014 4:27pm Jan 25, 2014 4:27pm
Mr. Pip,
To clarify about the few trades I took last wk. When I identified areas where the markets should have retraced price action would stall in these areas and either retrace very little (38.2 or less) or just stall for a few minutes and then shoot out of the zone without any retracement. I would even try to see where I was going wrong by adjusting my swing longer or shorter to see if it was my AB swing selection that was causing the problem but nothing seemed to work out harmonically. I would very much like to hear your assessment. Thanks BTW the pair I trade is USD/JPY.





Paul
  • #7,888
  • Jan 25, 2014 5:41pm Jan 25, 2014 5:41pm
Quoting samansadeghi
cadjpymonthly {image}
Can you comment on this? How likely you think this demand (grey) will turn it back up?
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  • #7,889
  • Jan 25, 2014 6:15pm Jan 25, 2014 6:15pm
Quoting dpaulinla
Mr. Pip, Hope your test went well. I am sure I speak for many others as well as myself in saying we look forward to your return. I have not been able to trade as much as I would have liked the last wk because of work. The few trades I made I seemed to have a hard time getting pips out of them because I kept expecting retracements and the pair I trade just kept plummeting. Looking back over the last wk even in the higher time frames I cannot identify ABCD's as defined per your rules or even AB=CD's for that matter. If I would have just followed the...
Hey Paul,

I believe you are answering your own question. Why are you focusing on the patterns? Why not focus on the order flow? There are harmonics everywhere, what TF do you trade? Listen folks I have taught you to read the chart like no one else has. I have shown everyone how to be efficient identifying strength and weakness but, we still have a fixation with the patterns. Let me say this more clearly we are not pattern traders, we are swing traders and damn good ones.

If we are efficient at what we do and can identify, forecast, and have an accurate expectation as to what should happen next, then there is no reason why we do not make a bunch of pips. There is no reason why we still sit around waiting for patterns. Have and expectation wait for price to come to you.

Use the tools I have shown you to help you identify and confirm your expectation. The patterns are a tool so are harmonics, Fibs, S/D but we have to be efficient at reading the chart and identifying trading opportunities.
If you fail to plan, you plan to fail.
  • #7,890
  • Jan 25, 2014 6:24pm Jan 25, 2014 6:24pm
Quoting tradervic888
Hi Fellow Traders, Happy to just joined the forum. Look forward to participate. Question: Does anyone know if there is any software for harmonics tools (Gartley, etc) for ninjatrader? Thanks Tradervic888
Welcome, I would invite you to forget software and learn to read the chart. Once we can understand how things work everything becomes crystal clear and indicators and software will become useless. They keep you in the shadows and never allow you to progress. They will keep you on the retail side of the business where the dumb money is.

Empower yourself to be extraordinary and become a market professional!
If you fail to plan, you plan to fail.
  • #7,891
  • Jan 25, 2014 6:27pm Jan 25, 2014 6:27pm
Quoting lobogabor
{quote} Can you comment on this? How likely you think this demand (grey) will turn it back up? {image}
Read the chart and order flow, what are they telling you? What is your expectation?
If you fail to plan, you plan to fail.
  • #7,892
  • Jan 25, 2014 6:37pm Jan 25, 2014 6:37pm
Quoting Mr_Burns
{quote} Indeed, it did get a little lower and when I looked at the chart today I saw that it went bullish, much higher then what I predicted but I guess that's expected with news. I daytrade the 233 ticks, if I understood it correctly Mr.Pip does as well but how do you deal with news? Do you start the day by looking on the daily/hour/15min to see long-term order flow? Do you look for patterns as well? The way I tend to think about it is to only check higher tf for a general picture on order flow. I don't look for patterns but maybe I should? When...
Mr. Burns,

I don't care for news it's just volatility. If you are trading the 233T or any other time frame all you need to look at is that time frame. There is 0 relevance between the daily and a 5 min chart you are trying to compare apples and oranges. You want to look at the bigger picture? Just zoom out and you will see it. Keep it simple there is no need to refer to the higher time frame it will only confuse you.
If you fail to plan, you plan to fail.
  • #7,893
  • Jan 25, 2014 9:29pm Jan 25, 2014 9:29pm
Hello Mr. Pip. how are you. Nice to see you again
-milkeyway
  • #7,894
  • Jan 25, 2014 9:41pm Jan 25, 2014 9:41pm
Quoting Mr. Pip
{quote} Mr. Burns, I don't care for news it's just volatility. If you are trading the 233T or any other time frame all you need to look at is that time frame. There is 0 relevance between the daily and a 5 min chart you are trying to compare apples and oranges. You want to look at the bigger picture? Just zoom out and you will see it. Keep it simple there is no need to refer to the higher time frame it will only confuse you.
Hello Teacher: It's great to have you back in the air.
I'm leaving the shadows, but his hands are long.
regards
I remain attentive to its teachings.
  • #7,895
  • Jan 25, 2014 11:39pm Jan 25, 2014 11:39pm
Quoting dpaulinla
Mr. Pip, Hope your test went well. I am sure I speak for many others as well as myself in saying we look forward to your return. I have not been able to trade as much as I would have liked the last wk because of work. The few trades I made I seemed to have a hard time getting pips out of them because I kept expecting retracements and the pair I trade just kept plummeting. Looking back over the last wk even in the higher time frames I cannot identify ABCD's as defined per your rules or even AB=CD's for that matter. If I would have just followed the...

Hi
Interesting post by you for different reasons.Like Mr.Pip already said foremost importance is order flow.Had you paid attention you would of shorted GU for good 150 pips and G/CHF for 200 pips.
You must think independently nobody is going to spoon feed you.Watch price action.Follow the market until you feel its pulse and this requires screen time (no shortcuts here try playing guitar without practicing...)there is no substitute here.
If you have not watched Mr Pip's PA video I suggest you do couple times to see nuances.
http://www.youtube.com/watch?v=9nMXyhMgj-A
Regards
In trading, you have to be defensive and aggressive at the same time
  • #7,896
  • Edited 4:30am Jan 26, 2014 3:56am | Edited 4:30am
Quoting Mr. Pip
{quote} Read the chart and order flow, what are they telling you? What is your expectation?
Breaking my brain.
Just made a lower high, end of the up trend, but there is no down trend either. Nice bear candle, but running into a healthy support/demand area above or at 91 which I expect to hold so bounce back up from there. Late actions show just a range to me until it breaks out.
A small ABCD completion is also coming in at around 91.
That is how far I got, and I am not able to come up with any better on my own.
Can you give some more specific hint, or point me to the video where I can get some specific things to learn concerning this case?
Thank you.
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  • #7,897
  • Jan 26, 2014 5:04am Jan 26, 2014 5:04am
Quoting Davit
{quote} Hi Interesting post by you for different reasons.Like Mr.Pip already said foremost importance is order flow.Had you paid attention you would of shorted GU for good 150 pips and G/CHF for 200 pips. You must think independently nobody is going to spoon feed you.Watch price action.Follow the market until you feel its pulse and this requires screen time (no shortcuts here try playing guitar without practicing...)there is no substitute here. If you have not watched Mr Pip's PA video I suggest you do couple times to see nuances. http://www.youtube.com/watch?v=9nMXyhMgj-A...
Funny, I don't recall asking to be spoon fed. Matter of fact, I don't recall asking on any occasion what I should do in any circumstance. I take what is offered here. Use what suits me and leave the rest. I don't trade demo or micro and I don't trade multiple pairs. I simply asked what Mr. Pips assessment of a market pair that has little or no retracement all wk. long. I trade the 5 minute chart and use the 1 minute to time entries and exits. The movement of my pair would have been great for a 4 hr or daily swing trader. Regardless of market direction we should "have expectations" at points where the market should turn or retrace. If the markets always went in a somewhat straight line up or down then any idiot could do well in the markets. Finding good entries and exit points at these swing areas is the difference between making a living and giving your money away. Had the market not slowed and stalled and gave signs of retracement at my projected areas then I would have considered my analysis to be flawed but it did as I expected in the areas I identified, just the results were very different than usual is all. I continue to study, learn and make adjustments to my trading style . Thanks for your concern.


Regards


Regards
  • #7,898
  • Jan 26, 2014 5:59am Jan 26, 2014 5:59am
Hello. Mr. Pip. I was studying HH, LL, HL & LH. Can the study of HH LL HL LH be called study of orderflow ? Are these elements are part of orderflow ? I guess they are.
-milkeyway
  • #7,899
  • Jan 26, 2014 6:44am Jan 26, 2014 6:44am
Quoting kumaramy
Hello. Mr. Pip. I was studying HH, LL, HL & LH. Can the study of HH LL HL LH be called study of orderflow ? Are these elements are part of orderflow ? I guess they are.
These are components of structure analysis which ties into order flow analysis. Each one on its own is extremely powerful skills to master but when you marry the two, the results are just magical
If you fail to plan, you plan to fail.
  • #7,900
  • Jan 26, 2014 6:50am Jan 26, 2014 6:50am
Guys lets play a game. I am posting this consolidation with confluence and i will guess where the market will go. You would tell your confluence and tell where the market would go. If our prediction is opposite,the winner will get beer from loser.

This is my confluence and prediction :

It looks in consolidation before yellow line, price was getting controlled to the upside. Which is sign of bullish.
After yellow line price came down but it was loosing control to the downside. Which is sign of bullish.
Price broke the last LH with strong momentum.
Price also didn't close below 8282.
This all suggests me price may go to the upside.

Post your confluence if you have opposite scenario.
BEER
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-milkeyway
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