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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

  • #8,221
  • Feb 27, 2014 10:12am Feb 27, 2014 10:12am
Quoting kumaramy
{quote} What time frame ?
4 hours dear
  • #8,222
  • Feb 27, 2014 10:17am Feb 27, 2014 10:17am
Quoting xetrader
{quote} 4 hours dear
It is still under pressure. For next some days, It will be sideways or down.
-milkeyway
  • #8,223
  • Feb 27, 2014 10:29am Feb 27, 2014 10:29am
i m having trouble i m long this pair from 1.2197.. so whats your suggestions?
  • #8,224
  • Feb 27, 2014 11:30am Feb 27, 2014 11:30am
Quoting xetrader
i m having trouble i m long this pair from 1.2197.. so whats your suggestions?
It has strong resistance @2185. it can go to that level.
-milkeyway
  • #8,225
  • Feb 27, 2014 12:47pm Feb 27, 2014 12:47pm
Quoting Starry
Has anyone watched the price action video and noticed the similarity between the 38.2 definition of a swing and the thirds method of the video? If we divide a price action bar into thirds, then the top of the bottom third would be at 33.33, which is close to 38.2. So when mr pip says he requires price to wick to the 38.2 retracement of a swing in order to officially be considered a swing, this is most often equivalent to price closing beyond the 33.33 retracement. In other words, if the swing were a single candle, price would be closing into the...
For example, here is a swing which i have divided into thirds. Then, i divided the 50% retracement into thirds. Its my intuition that the places where price pauses in relation to the third boxes are important in determining order flow.
You can also divide from the 33.33% or 66.66 retracement.

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So basically, i'm treating a swing (and parts of a swings) like one candle, and trying out mr pips 'thirds method' - dividing the candle into three parts, and also in half.
  • #8,226
  • Feb 27, 2014 5:25pm Feb 27, 2014 5:25pm
Quoting xetrader
i m having trouble i m long this pair from 1.2197.. so whats your suggestions?
Where is your stop at ?

What is your expectation ?

Was your expectation proven wrong already ?

My 2 cents, if your stop isn't hit yet
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  • #8,227
  • Feb 27, 2014 10:08pm Feb 27, 2014 10:08pm
Quoting 76bronco
{quote} Where is your stop at ? What is your expectation ? Was your expectation proven wrong already ? My 2 cents, if your stop isn't hit yet {image} {image}
i did not use stops so thats why i m stuck now as your suggestions if it will comes to 1.2210 i will get out of this thanks
  • #8,228
  • Feb 28, 2014 2:07am Feb 28, 2014 2:07am
Quoting xetrader
{quote} i did not use stops so thats why i m stuck now as your suggestions if it will comes to 1.2210 i will get out of this thanks
Good Luck on this trade. It may turn out a loss but learn from the mistake. Trust me I fully understand HOPE TRADING that it will return!!
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  • #8,229
  • Feb 28, 2014 7:10am Feb 28, 2014 7:10am
Hello Mr Pip,
Can you show how you form your support and resistance zones?
  • #8,230
  • Feb 28, 2014 5:27pm Feb 28, 2014 5:27pm
Quoting TheScorpS
Nice posts coming into the thread regarding Order Flow analysis and Bay by Bar analysis Starry these are good points to spot , will look in what you explain here and try to learn pampaq good trade nevertheless Have been following EJ since yesterday moves down, didn't catch those nice move, but after the AB=CD completed before NY open, I was ready to long TP +51 pips p.s. I have another position opened with smaller lot and at BE with tp slightly below 61.8 {image}
You may only trade one to one, and have as TP1 38% of the whole movement and TP2 61%.
Congratulations, and please continue participating, all to keep learning.
All the best
attached gold analysis, a double one to one and fibos to see how they see it you. thanks
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  • #8,231
  • Mar 1, 2014 9:45am Mar 1, 2014 9:45am
Quoting pampaq
{quote} You may only trade one to one, and have as TP1 38% of the whole movement and TP2 61%. Congratulations, and please continue participating, all to keep learning. All the best attached gold analysis, a double one to one and fibos to see how they see it you. thanks {image}
I had my eye too on Gold and TP almost reached 127 ext of the move down

and many thanks for those tips

but what is that bar that I see you keep drawing on your chart, I mean the red bar to the right side?

Have a nice weekend
I Have Learned to Take Some Losses to Make Profits
  • #8,232
  • Mar 1, 2014 11:16am Mar 1, 2014 11:16am
Quoting Starry
Hello Mr Pip, Can you show how you form your support and resistance zones?
Hi

I think Mr.Pip has a video about identifying Supply and Demand areas called NOV 13 , you can look it up at Mr.Pip video channel


Hope this what you are looking for
I Have Learned to Take Some Losses to Make Profits
  • #8,233
  • Mar 2, 2014 10:04am Mar 2, 2014 10:04am
Quoting TheScorpS
{quote} I had my eye too on Gold and TP almost reached 127 ext of the move down and many thanks for those tips but what is that bar that I see you keep drawing on your chart, I mean the red bar to the right side? Have a nice weekend
It's just an indicator of how it ended the day before, or how goes the current day when the market is open.
As regards the analysis, should go up to 5M PRZ and then begin to fall as much the PRZ 1H.
See and learn
Thx
  • #8,234
  • Edited Mar 3, 2014 5:27am Mar 2, 2014 5:58pm | Edited Mar 3, 2014 5:27am
See how price reacts and make your own judgement. Risk 130pips reward 650pips. Selling then buying. If you scale down you could tighten stops. Until next time.

Edit: Exited early will get in when its time
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Empower Your Mind
  • #8,235
  • Mar 3, 2014 1:59pm Mar 3, 2014 1:59pm
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  • #8,236
  • Mar 4, 2014 1:30am Mar 4, 2014 1:30am
Came across this thread and loving it so far. Though it's not as active as some other indicator threads out there, but I'm still hopping onto this!

Just curious, does everyone here use their eyes to spot the patterns or anyone use indicators to help you with it?
  • #8,237
  • Mar 4, 2014 7:00am Mar 4, 2014 7:00am
Quoting alfis
Came across this thread and loving it so far. Though it's not as active as some other indicator threads out there, but I'm still hopping onto this! Just curious, does everyone here use their eyes to spot the patterns or anyone use indicators to help you with it?
hey alfis.. yes this comes from studying the charts and bit by bit your eyes start to pick it up. draw everything out over weeks and weeks of data and youll see too
  • #8,238
  • Mar 4, 2014 7:29am Mar 4, 2014 7:29am
Quoting FineForex
{quote} hey alfis.. yes this comes from studying the charts and bit by bit your eyes start to pick it up. draw everything out over weeks and weeks of data and youll see too
Thanks!

How do you guys choose the timeframe to trade with? H1 chart feels comfortable to me but there'll be setups which may take several hours to form and end up way into my sleeping hours. Dropping to the M5 seems relatively extreme too ( I don't mind staring at the screen for a straight 2 hours though. But definitely not used to looking at M1-M30 as I feel PA isn't as relevant as H1++, or am I wrong?)
  • #8,239
  • Mar 4, 2014 8:19am Mar 4, 2014 8:19am
Quoting TheScorpS
{quote} Hi I think Mr.Pip has a video about identifying Supply and Demand areas called NOV 13 , you can look it up at Mr.Pip video channel Hope this what you are looking for
k thx ill take a look at that.
  • #8,240
  • Mar 4, 2014 8:14pm Mar 4, 2014 8:14pm
Quoting xetrader
{quote} i did not use stops so thats why i m stuck now as your suggestions if it will comes to 1.2210 i will get out of this thanks
Where u able to get out @ BE today ?
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