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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

  • #8,581
  • Apr 19, 2014 11:56am Apr 19, 2014 11:56am
Quoting Mr. Pip
{quote} Nice now build me a case is there a short aggressive C sell opp there?
Thanks Pip, since this pair is in uptrend i do c that that it will retrace at least till 50-61.8 of BC leg . i am new to this please let me know if i m doing wrong, your views are much appreciated.
  • #8,582
  • Apr 19, 2014 12:32pm Apr 19, 2014 12:32pm
Am i in a right direction?
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Your best teacher is your last mistake ...
  • #8,583
  • Apr 19, 2014 12:34pm Apr 19, 2014 12:34pm
Quoting ssaqeel
{quote} Thanks Pip, since this pair is in uptrend i do c that that it will retrace at least till 50-61.8 of BC leg . i am new to this please let me know if i m doing wrong, your views are much appreciated.
Not that you are wrong, I want to know if there is a short opportunity and why. I want to know technically why there is or isn't a possible trade there.
If you fail to plan, you plan to fail.
  • #8,584
  • Apr 19, 2014 12:37pm Apr 19, 2014 12:37pm
Quoting b3g1nn3er
Am i in a right direction? {image} {image}
I like what I see but tell me your reason for short follow my example from yesterday's post.
If you fail to plan, you plan to fail.
  • #8,585
  • Apr 19, 2014 12:46pm Apr 19, 2014 12:46pm
Quoting Mr. Pip
{quote} I like what I see but tell me your reason for short follow my example from yesterday's post.
Who example exactly, Mr.Pip ?
I'm not finished yet with this thread, i'm sorry, just trying to apply the things learned here.
Edit: and I'm not short, i'll seek signals of small time frames next week for short.Is it right way?
Your best teacher is your last mistake ...
  • #8,586
  • Apr 19, 2014 1:24pm Apr 19, 2014 1:24pm
Quoting b3g1nn3er
{quote} Who example exactly, Mr.Pip ? I'm not finished yet with this thread, i'm sorry, just trying to apply the things learned here. Edit: and I'm not short, i'll seek signals of small time frames next week for short.Is it right way?

for the example , refer to post #8572. its on the top right corner of every post. It looks like your on the right track. You got some confluence of pattern completion. How close are the completion zones?

Make sure you build a case for your expectations and price. Where do you think price will go and why? Great start tho.
  • #8,587
  • Apr 19, 2014 1:34pm Apr 19, 2014 1:34pm
Quoting Mack2013
{quote} for the example , refer to post #8572. its on the top right corner of every post. It looks like your on the right track. You got some confluence of pattern completion. How close are the completion zones? Make sure you build a case for your expectations and price. Where do you think price will go and why? Great start tho.
Many thanks, Mack2013 !
I think there was a confluence of D points of the small and the large AB=CD's and the little butterfly in CD of big Gartley
Anyway, I have much to learn...
Thank you again for the attention.
Your best teacher is your last mistake ...
  • #8,588
  • Apr 19, 2014 2:10pm Apr 19, 2014 2:10pm
Gb/Yen 4Hr

I see strong momentum into the 78.6- 61.8 zone, with this much strength, my expectation would be for a shallow re-trace, which we have. Then for a NSH.
I see rejection to the Hi side, a Weak NSH, and strong supply zone above, and a Big round number from there I would expect a deep return. As there is another push to up side, if this too is rejected then we wait for a bar by bar confirmation before pulling the trigger.
This is how I see it.
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  • #8,589
  • Apr 19, 2014 2:53pm Apr 19, 2014 2:53pm
Quoting b3g1nn3er
{quote} Who example exactly, Mr.Pip ? I'm not finished yet with this thread, i'm sorry, just trying to apply the things learned here. Edit: and I'm not short, i'll seek signals of small time frames next week for short.Is it right way?
It's ok take your time
If you fail to plan, you plan to fail.
  • #8,590
  • Apr 19, 2014 2:55pm Apr 19, 2014 2:55pm
Quoting Aj1
Gb/Yen 4Hr I see strong momentum into the 78.6- 61.8 zone, with this much strength, my expectation would be for a shallow re-trace, which we have. Then for a NSH. I see rejection to the Hi side, a Weak NSH, and strong supply zone above, and a Big round number from there I would expect a deep return. As there is another push to up side, if this too is rejected then we wait for a bar by bar confirmation before pulling the trigger. This is how I see it. {image}
Nice work! This how you should approach every potential setup.
If you fail to plan, you plan to fail.
  • #8,591
  • Apr 19, 2014 3:16pm Apr 19, 2014 3:16pm
Mr Pip

That's the approach I am working on.
My problems start when my expectations aren't met. I mean if we have a NSH, I expect a shallow correction, the a HH. But if this expectation does not occur, I am all over the place. Or if we get a weak NSH, I expect a deep return followed by a NSL.
I am struggling with this aspect at the moment.
  • #8,592
  • Apr 19, 2014 3:26pm Apr 19, 2014 3:26pm
A sad and pathetic attempt based on the lower TFs for Cable.

Comments welcomed...fresh out of the gates on this approach but seems to mill with my analysis otherwise.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #8,593
  • Apr 19, 2014 3:30pm Apr 19, 2014 3:30pm
Thank you AJ & Mr Pip

Quoting Mr. Pip
{quote} Nice work! This how you should approach every potential setup.
  • #8,594
  • Apr 19, 2014 7:30pm Apr 19, 2014 7:30pm
Quoting Magix
A sad and pathetic attempt based on the lower TFs for Cable. Comments welcomed...fresh out of the gates on this approach but seems to mill with my analysis otherwise. {image}
Not sad at all. I don't recognize the pattern you drew but do see the order flow following a similar path. Good to see you in the thread. I hope to see more from you.
If you fail to plan, you plan to fail.
  • #8,595
  • Apr 19, 2014 7:35pm Apr 19, 2014 7:35pm
Quoting Aj1
Mr Pip That's the approach I am working on. My problems start when my expectations aren't met. I mean if we have a NSH, I expect a shallow correction, the a HH. But if this expectation does not occur, I am all over the place. Or if we get a weak NSH, I expect a deep return followed by a NSL. I am struggling with this aspect at the moment.
Expectations are just that an expectation. With time and practice you will improve on the corrective points. In the interm an expectation remains valid in till it violates it's own structure. The momentum of the pullback will help you see whether your expected collection will play out or will be more shallow or deeper.
If you fail to plan, you plan to fail.
  • #8,596
  • Apr 19, 2014 8:01pm Apr 19, 2014 8:01pm
Quoting Mr. Scott
{quote} Hi Mr. Pip, I also took this one due to confluence and coincidence. Also, see the potential for that gartley you alluded to. Then closed due to Friday, liquidity, etc. However, some harmonic confluence for lower levels also had me wary on larger tf's. Would like to know your thoughts if you would not mind sharing your thoughts on the larger tf. {image}
Hey Mr. Scott...

Just as a bit of comparison...seeing something similar...a little more by way of topside weakness could steer for a little more bottom side reach.
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Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #8,597
  • Apr 19, 2014 8:18pm Apr 19, 2014 8:18pm
Quoting Magix
{quote} Hey Mr. Scott... Just as a bit of comparison...seeing something similar...a little more by way of topside weakness could steer for a little more bottom side reach. {image}
Hi Magix,

Nice to see you stop by this thread. I was not aware you had or did incorporate harmonics into your trading, so looking forward to your ideas. Or more accurately, I remember you posting that you had started testing a harmonic system. .

Your cable post seems to be a valid confluence of s/d and fibs. I am assuming the pattern you drew is a visual representation of time and price symmetry? As I do not recognize that pattern.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #8,598
  • Apr 19, 2014 8:34pm Apr 19, 2014 8:34pm
Quoting Mr. Scott
{quote} Hi Magix, Nice to see you stop by this thread. I was not aware you had or did incorporate harmonics into your trading, so looking forward to your ideas. Or more accurately, I remember you posting that you had started testing a harmonic system. . Your cable post seems to be a valid confluence of s/d and fibs. I am assuming the pattern you drew is a visual representation of time and price symmetry? As I do not recognize that pattern.
My harmonics EA is a favourite with my trade group but was written around somebody else's work.

Random as it seems at current by way of profit ranges to me now, if I can gain a better sense of what it does, I can increase the performance. Currently, I have another friend who has recoded a harmonics indicator and though I haven't actually put it in to play, it too is something that I would like to understand before carrying forward.

My knowledge is limited on these to the point that a fair assessment would be to say that I have no idea what I am doing...

If I can pry the pros for a better take, it is something that can be added to my personal traders tool-kit as well as possibly add to the donations I have generated at current.

Part curiosity...part confirmation...

Anything that can add bills to the bank, cannot be a bad thing.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
  • #8,599
  • Apr 19, 2014 9:37pm Apr 19, 2014 9:37pm
Quoting Magix
{quote} My harmonics EA is a favourite with my trade group but was written around somebody else's work. Random as it seems at current by way of profit ranges to me now, if I can gain a better sense of what it does, I can increase the performance. Currently, I have another friend who has recoded a harmonics indicator and though I haven't actually put it in to play, it too is something that I would like to understand before carrying forward. My knowledge is limited on these to the point that a fair assessment would be to say that I have no idea what...
Well Magix, I assumed you had come up with a profitable system, which is why I was interested in your ideas/charts.

Mr. Pip has been working hard to get people to focus on order flow and structure. Therefore, it would be interesting and relevant if you could elaborate on how you are filtering harmonic setups? What are the triggers?

If you are unable to share, I understand.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #8,600
  • Apr 19, 2014 9:49pm Apr 19, 2014 9:49pm
Quoting Mr. Scott
{quote} Well Magix, I assumed you had come up with a profitable system, which is why I was interested in your ideas/charts. Mr. Pip has been working hard to get people to focus on order flow and structure. Therefore, it would be interesting and relevant if you could elaborate on how you are filtering harmonic setups? What are the triggers? If you are unable to share, I understand.
I have several profitable systems, but the learning never stops.

When I first got into forex, I was working with a self adjust fib scale put out by TRO...Can't remember what it is anymore, but always liked the triggering that it offered. Issue was, during lags and off sessions, it lost it's edge on the faster TFs.

My triggering is still M1 based and I typically work on price surge, more along the lines of VSA for exits instead of hard targets...the actual triggering isn't thread relevant so wouldn't want to discuss it here, but really hasn't changed since my first thread here at FF.

It's the hard side targets that I am more so interested.

After playing live with the fibs again last week and using them for support and resistance, found them to actually be quite stellar on the M1s. I define the trend with the use of a couple of Moving Averages, my triggering plays right to the Fibs and my current efforts are to see if I can better predict an exit. Set the stops and not have to babysit.

From about this point last week HERE (http://www.forexfactory.com/showthread.php?p=7412063#post7412063), I was triggering along with the trends based on my fibs.

Where I might have gotten in a little early, it provided additional opportunities based on these simple little lines.

Color me a lot more interested in this methodology.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!
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