Ratios & Harmonics: a Different Way to Trade | Page 421 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

"Ratios & Harmonics: a Different Way to Trade." Summary 37 replies

Learning to trade with harmonics 11 replies

Time for Change - Pivots & Harmonics to freedom 67 replies

180 reasons to trade Harmonics and Patterns 13 replies

Group Trading based on Elliott wave and Harmonics 0 replies

Attachments: Ratios & Harmonics: a Different Way to Trade
Exit Attachments

Ratios & Harmonics: a Different Way to Trade

  • #8,401
  • Apr 8, 2014 8:19am Apr 8, 2014 8:19am
Quoting pampaq
{quote} Example complied with as 38% of the TP ONE TO ONE. published yesterday. regards {image}
Nice pick. Pampaq
  • #8,402
  • Edited 12:05pm Apr 8, 2014 8:27am | Edited 12:05pm
http://icmarkets.ctrader.com/images/screens/4yhnn.png

Looking at 2 AB=CD patterns that confluence in the PRZ of a Gartley pattern (15m TF) in the PRZ. Waiting for a close of confirmation below the 1.83000 tho
Trend is down but L/T order flow established a HL and Now a HH so i'll be taking conservative targets since I'm against OF

Update: Manually closed trade when price pushed above 8300. 20 pip loss.... Next, lol

Update 2: PA reversed after testing X hitting PT1 (to bad)
  • #8,403
  • Apr 9, 2014 5:24pm Apr 9, 2014 5:24pm
I can not register, however take this long trade, and then the news helped me a lot.
Always the same operatory waiting DZ or SZ or S and R, and there expect a bounce or a break in that area. If a break, analyze whether valid or failed. How is it done? Waiting for CPB and then analyzing strengths and weaknesses of each swing.
I remained in this trade by the evident bullish divergence, and as a clear zone demand.
I knew that the news may or may not confirm my trade.
Well the confirmed, and were good pips.
Despite a bad entry
buy 0.8658 SL 0.8642 TP 0.8681
regards
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nzdusdm30a.png Size: 33 KB
Click to Enlarge Name: nzdusdm5b.png Size: 41 KB
Click to Enlarge Name: nzdusdm1abcd entry.png Size: 31 KB
  • #8,404
  • Apr 9, 2014 5:41pm Apr 9, 2014 5:41pm
We are waiting for if it reaches the ONE TO ONE to go get the 38% retracement.
We shall see.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusdh1wait.png Size: 36 KB
  • #8,405
  • Apr 9, 2014 8:20pm Apr 9, 2014 8:20pm
Quoting pampaq
We are waiting for if it reaches the ONE TO ONE to go get the 38% retracement. We shall see. {image}
Reaching ONE TO ONE.
I expect a return to 38%
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusdm30.png Size: 33 KB
  • #8,406
  • Apr 9, 2014 8:22pm Apr 9, 2014 8:22pm
Quoting pampaq
{quote} Reaching ONE TO ONE. I expect a return to 38% {image}
100%%
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusdm15b.png Size: 31 KB
  • #8,407
  • Apr 10, 2014 4:49am Apr 10, 2014 4:49am
Quoting pampaq
{quote} 100%% {image}
Leaving the position manually, + 30 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusdh1exi.png Size: 38 KB
  • #8,408
  • Apr 10, 2014 9:26am Apr 10, 2014 9:26am
It is not good to get out earlier than planned, but equally good 38% fulfillment expected.
regards
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusdh1falta defe.png Size: 38 KB
  • #8,409
  • Apr 10, 2014 11:30am Apr 10, 2014 11:30am
In 1H reached 161% of its length. Waiting to pull back on ABC, taking an aggressive C until DZ or Sm.
We'll see.
Looking for 100% and 127%
regards
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdm1.png Size: 37 KB
  • #8,410
  • Apr 10, 2014 11:34am Apr 10, 2014 11:34am
Quoting pampaq
In 1H reached 161% of its length. Waiting to pull back on ABC, taking an aggressive C until DZ or Sm. We'll see. Looking for 100% and 127% regards {image}
Very fast moving, by Sm or offensive DZ I go out manually.
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdm5.png Size: 42 KB
  • #8,411
  • Apr 10, 2014 12:11pm Apr 10, 2014 12:11pm
Expectation ab = cd into one CD. An AB = CD
We'll see. I hope to get short weakness
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdm5pe onetoone ab=cd en cd.png Size: 40 KB
  • #8,412
  • Apr 10, 2014 12:18pm Apr 10, 2014 12:18pm
Quoting pampaq
Expectation ab = cd into one CD. An AB = CD We'll see. I hope to get short weakness {image}
I've entered, with caution by strong DZ
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdm5adentro.png Size: 47 KB
  • #8,413
  • Apr 11, 2014 8:23am Apr 11, 2014 8:23am
Quoting pampaq
{quote} I've entered, with caution by strong DZ {image}
The third three bottom left manually, bedtime.
Lesson of non manually exit, the price would have touched my SL 120.89, misplaced, Mr Pips in its AGGRESSIVE C, teaches us that SL should go on top of the latest SH, in this case 1322.50 (1321.98 + spread ).
Anyway, apart from not having placed the SL in the right place, was filled exactly ONE TO ONE ball before taking the trade. LLegando FE 100%.
So, AGGRESSIVE C WORKED VERY WELL, AND TP reached, placed at the start of trade.
One more thing, the SL as it teaches what Mr Pips in its video AGGRESSIVE C, the last stop SW.
regards
Mr Pips https://www.youtube.com/watch?v=aMupwIOLRgk video
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdm30revision.png Size: 43 KB
  • #8,414
  • Apr 11, 2014 8:10pm Apr 11, 2014 8:10pm
Hello Traders,

How has trading been? I see that any time I take some time off from the thread All kinds of crazy things go on LOL. I left you all with a clear path to consistent and profitable trading principles. I am confused and uninspired to offer you more knowledge as it is exhausting to try to keep you all on the lessons and tasks. I step away to give you space, space to practice. Time for you to master the lesson and make it your own. Instead some of you feel that it needs to be taken in this or that other direction.

Should I come back and continue? This is why great paces where real traders offering priceless knowledge die. I have not abandoned you but I cannot do it for you you need to do the work make the mistakes and learn from them. This is a journey. Remember, I trade for a living and this is my business. Also remember that just because I step back doesn't mean I have left for good.

I will admit my time away has been extended because of the reasons above. I am willing to continue but only if you all are serious and committed to doing the work. I would like to thank the ones that have stuck around an have made this your own. The only thing I see that is still a concern are the indicators. Please work on eliminating them they are useless and will never line up with price action, order flow, or harmonics. Decide what kind of trader you want to be and master that process.

Let me know your thoughts.
If you fail to plan, you plan to fail.
  • #8,415
  • Edited Apr 12, 2014 8:13am Apr 11, 2014 9:03pm | Edited Apr 12, 2014 8:13am
Quoting Mr. Pip
Hello Traders, How has trading been? I see that any time I take some time off from the thread All kinds of crazy things go on LOL. I left you all with a clear path to consistent and profitable trading principles. I am confused and uninspired to offer you more knowledge as it is exhausting to try to keep you all on the lessons and tasks. I step away to give you space, space to practice. Time for you to master the lesson and make it your own. Instead some of you feel that it needs to be taken in this or that other direction. Should I come back and...

Hello Mr.Pip good to see you back. We've never been introduced but I’ve been following the thread for several months. I find your style easier to comprehend then others but I've had mixed results. I find that I’m my worst enemy and always see my mistakes in hindsight but I’m working on it.

No worries on the indictor. The RSI relatively sucks haha so I’ll ditch it.

I look forward to the future of this thread. By the way, awesome videos. I’ve watched them over and over and found them supremely helpful. I always find something new in them. Great job.

I do take trading seriesly and my goal is to build a trading business. Even if it's just my own money. I value your time, knowledge and experience and wish to continue the adventure. I can see that owning a thread can be taxing and a break is good. I look forward to learning.

oh where to start, where to start.
  • #8,416
  • Apr 12, 2014 12:34pm Apr 12, 2014 12:34pm
Quoting Mr. Pip
Hello Traders, How has trading been? I see that any time I take some time off from the thread All kinds of crazy things go on LOL. I left you all with a clear path to consistent and profitable trading principles. I am confused and uninspired to offer you more knowledge as it is exhausting to try to keep you all on the lessons and tasks. I step away to give you space, space to practice. Time for you to master the lesson and make it your own. Instead some of you feel that it needs to be taken in this or that other direction. Should I come back and...
Mr. Pip lets get to it!

My precision is improving rapidly, the management is tough but that will come.

Hope we get some more dedicated traders and continue the journey
  • #8,417
  • Apr 12, 2014 4:01pm Apr 12, 2014 4:01pm
Quoting Mr. Pip
Hello Traders, How has trading been? I see that any time I take some time off from the thread All kinds of crazy things go on LOL. I left you all with a clear path to consistent and profitable trading principles. I am confused and uninspired to offer you more knowledge as it is exhausting to try to keep you all on the lessons and tasks. I step away to give you space, space to practice. Time for you to master the lesson and make it your own. Instead some of you feel that it needs to be taken in this or that other direction. Should I come back and...
Still here, still trading exclusively whats been taught here thankyou mr pip.

been working hard on the patience side starting to pay off
Never said I was Batman,all I'm saying is you'll never see us together.
  • #8,418
  • Apr 12, 2014 4:13pm Apr 12, 2014 4:13pm
Hi All,

I just want to say WOW!!, I am a full time harmonics trader my self and has came across this threat by accident, I started reading this threat out of curiosity and I was looking for the punch line (I was expecting Mr Pip to at some point say one has to subscribe to his course or something of that nature).

But I have Read up to page 177 and was astound by the level of knowledge Mr Pip has shared with you, and not to mention his dedication (I see he started this threat back in 2012) and patience.

I can see a lot of the traders here value the priceless education they are receiving, but I'm also dumbfounded at some traders that still insists upon using indicators and diluting the purpose of this threat. My advice to you will be to get rid of the training wheels and delete the indicators, they DO NOT WORK and start to trade what Mr Pip is teaching you here.

In this threat Mr Pips are teaching you not only how to trade, but also how to be a trader, there is big difference, and I want to go out on a limb and say that I have never came across a course that will teach you in this detail, most courses teach you just enough so that you will come back for more, and not only that, Mr Pip is your personal trading coach who is more than willing to answer the same question over and over, this man has a real passion, and I will strongly suggest that you respect his request and stick to his method if you want to be part of this, just google trading coach and see how much you will pay for this type of service.

To Mr Pip,

Well done, hats off to you, I am truly and utterly impress by you, in future I will refer people straight to this threat when they ask me to teach them how to trade.

Regards

P.S. Remember one thing, one can only lose if you give up, out of persistence comes success and always use your failures as a learning curve.
  • #8,419
  • Apr 12, 2014 8:25pm Apr 12, 2014 8:25pm
Hello Traders,

I have said this before but i believe it must be repeated. Trading profitably is not difficult the reason why most do not is because their focus in in the wrong place. Trading is not about finding patterns or setups based on indicators and whatever setup you use to enter the market. Trading is about order flow and the identification of strength and weakness.

Setups whether advance patterns or MA crosses or this dot or arrow or whatever have a failure rate. It is our job to qualify our setups and only take the trades that have the highest probability of success. The only way that can be achieved is by becoming the best possible technical analyst you can be. You have to be able to read that chart efficiently and accurately to qualify your chosen setup and make a technical not emotional decision to pass on the setup or enter the market.

Then after entering the market, manage that trade better then the person or entity that is on the other side. How are we to achieve this if we cannot accurately read a chart with enough proficiency to protect capital and lock in of take profit. Trade is not about the setups or the patterns. Lets get back to basics. Let's become proficient at reading the charts, everything you need to know to take a high probability trade is there in-front of you.
If you fail to plan, you plan to fail.
  • #8,420
  • Apr 12, 2014 8:31pm Apr 12, 2014 8:31pm
Quoting FineForex
{quote} Mr. Pip lets get to it! My precision is improving rapidly, the management is tough but that will come. Hope we get some more dedicated traders and continue the journey
Hey Daniel,

I saw your journal and I see great improvement I know the management of trades can seem difficult but it's easier when your targets are consistent with your expectation. If you can accurately enter a trade base on an expectaton then why would it be any different to manage the trade based on the same expectation?? It will come trading with expectations will help you mange your trades more effectively.

Always have one and you will not be at the mercy of the market or in the shadows.
If you fail to plan, you plan to fail.
124 traders viewing now