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Ratios & Harmonics: a Different Way to Trade

  • #8,621
  • Apr 21, 2014 8:17am Apr 21, 2014 8:17am
Quoting Mr. Pip
Stop Hit -10.6
Its all good. Sometimes you get some , sometimes you dont. As long as the strategy produces positive expectancy. I'm sure you know this, just want to provide some positive support.

Does this change your expectations of where you think price should be going?
  • #8,622
  • Apr 21, 2014 8:22am Apr 21, 2014 8:22am
Quoting Mack2013
{quote} Its all good. Sometimes you get some , sometimes you dont. As long as the strategy produces positive expectancy. I'm sure you know this, just want to provide some positive support. Does this change your expectations of where you think price should be going?
Not yet, I have to re look at things.
If you fail to plan, you plan to fail.
  • #8,623
  • Apr 21, 2014 8:35am Apr 21, 2014 8:35am
Heading to the target...I may close it before hitting tgt if conditions goes wrong.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1.png Size: 36 KB
-milkeyway
  • #8,624
  • Apr 21, 2014 8:44am Apr 21, 2014 8:44am
Quoting kumaramy
Heading to the target...I may close it before hitting tgt if conditions goes wrong. {image}
Nice work!
If you fail to plan, you plan to fail.
  • #8,625
  • Apr 21, 2014 8:45am Apr 21, 2014 8:45am
Mr. Pip,
Looking to trade AUD/USD.... Saw a butterfly forming and a reversal, looking at the movement of the price I believe that the price is moving upwards and the current downward movement is a correction move. The top rectangle is a congestion area, while the blue and red lines are long term fibo lines.... 61.8% and 78.6% hence, seems to be a good reversal point, hence, my entry will be long at 0.9330 and my stop loss at 0.9319 and take profit at 0.9355...

The price structure seems to be holding to the upside as it has recently broke the congestion area to the upside.The only concern here is a sharp pullback... if it will carry all the way down or to my area of interest.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2014-04-21 21.17.39.png Size: 87 KB
  • #8,626
  • Apr 21, 2014 10:58am Apr 21, 2014 10:58am
Quoting Mr. Pip
{quote} Nice work!
Thanks.
-milkeyway
  • #8,627
  • Apr 21, 2014 2:47pm Apr 21, 2014 2:47pm
Quoting Muyen
Hi Mr Pip What is happening to our forum people are not post on this thread like before please don't stop i am a silent learner this thread teach me how to trade with out indicators i can now read the price action and market flow NSH NSL though not very well but it is a good way to start looking at the market, so please don't stop posting and don't leave us your comment are inspirational to me. Look the last post before this was 25hr ago what went wrong did i miss something
Hi Mr Pip, welcome i missed you most. Please i am a swing trader help look at the chart i think it's Bullish Gartley that is coming up am in it via pending order with 50 pips SL.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy#daily 2.png Size: 45 KB
  • #8,628
  • Apr 21, 2014 4:08pm Apr 21, 2014 4:08pm
Quoting Muyen
{quote} Hi Mr Pip, welcome i missed you most. Please i am a swing trader help look at the chart i think it's Bullish Gartley that is coming up am in it via pending order with 50 pips SL. {image}
So far yes that is a potential Gartley
If you fail to plan, you plan to fail.
  • #8,629
  • Apr 21, 2014 4:10pm Apr 21, 2014 4:10pm
Quoting Prabesh
Mr. Pip, Looking to trade AUD/USD.... Saw a butterfly forming and a reversal, looking at the movement of the price I believe that the price is moving upwards and the current downward movement is a correction move. The top rectangle is a congestion area, while the blue and red lines are long term fibo lines.... 61.8% and 78.6% hence, seems to be a good reversal point, hence, my entry will be long at 0.9330 and my stop loss at 0.9319 and take profit at 0.9355... The price structure seems to be holding to the upside as it has recently broke the congestion...
That is a concern if you take a long manage it aggressively. Overall I agree with your assessment.
If you fail to plan, you plan to fail.
  • #8,630
  • Apr 21, 2014 5:55pm Apr 21, 2014 5:55pm
I'm curious what pairs, and patterns you mainly watch so I'm on the same page. Thanks
  • #8,631
  • Apr 21, 2014 7:10pm Apr 21, 2014 7:10pm
Quoting Mr. Pip
{quote} That is a concern if you take a long manage it aggressively. Overall I agree with your assessment.
Mr. Pip,
Here is my update on the AUD pair. The price has moved up and has hit the TP... took 25.5 pips by risking 16 pips... i guess the R:R was not decent... but still managed a profit... tks vm for your view... looking to do another trade... waiting for opportunity.... seems i am getting hang of order flow and the structures price makes... still i think i need practice...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2014-04-22 07.50.43.png Size: 89 KB
  • #8,632
  • Apr 21, 2014 7:20pm Apr 21, 2014 7:20pm
Quoting kumaramy
Heading to the target...I may close it before hitting tgt if conditions goes wrong. {image}
Nice trade. BTW. what's your initial stop loss point of this trade? In the graph it looks too close to the entry point.

Thanks,
  • #8,633
  • Apr 21, 2014 7:26pm Apr 21, 2014 7:26pm
Quoting bulleyes
{quote} Nice trade. BTW. what's your initial stop loss point of this trade? In the graph it looks too close to the entry point. Thanks,
It is moved at BE. Before that it was at 1.38758
-milkeyway
  • #8,634
  • Edited 2:54am Apr 22, 2014 2:37am | Edited 2:54am
I read the whole thread and wish to Salute Mr. Pip for sharing his experience. As this is my first post I will share the picture of where i expect price to arrive and then deciding if i am going to short. My reasoning is that we have a bearish gartley according to Mr.Pip ROE, and structure arround 1.6826.
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPUSD (60 Min) 22_04_2014.jpg Size: 146 KB
  • #8,635
  • Apr 22, 2014 2:57am Apr 22, 2014 2:57am
Quoting Bend
I read the whole thread and wish to Salute Mr. Pip for sharing his experience. As this is my first post I will share the picture of where i expect price to arrive and then deciding if i am going to short. My reasoning is that we have a bearish gartley according to Mr.Pip ROE, and structure arround 1.6826.{image}
Nice one and ABCD

Attached Image (click to enlarge)
Click to Enlarge Name: $GBPUSD (60 Min) 22_04_2014.jpg Size: 61 KB
Never said I was Batman,all I'm saying is you'll never see us together.
  • #8,636
  • Apr 22, 2014 5:45am Apr 22, 2014 5:45am
Quoting Prabesh
{quote} Mr. Pip, Here is my update on the AUD pair. The price has moved up and has hit the TP... took 25.5 pips by risking 16 pips... i guess the R:R was not decent... but still managed a profit... tks vm for your view... looking to do another trade... waiting for opportunity.... seems i am getting hang of order flow and the structures price makes... still i think i need practice... {image}
If you fail to plan, you plan to fail.
  • #8,637
  • Apr 22, 2014 5:57am Apr 22, 2014 5:57am
Quoting Bend
I read the whole thread and wish to Salute Mr. Pip for sharing his experience. As this is my first post I will share the picture of where i expect price to arrive and then deciding if i am going to short. My reasoning is that we have a bearish gartley according to Mr.Pip ROE, and structure arround 1.6826.{image}
Welcome aboard!
If you fail to plan, you plan to fail.
  • #8,638
  • Apr 22, 2014 5:58am Apr 22, 2014 5:58am
Quoting headfake
{quote} Nice one and ABCD {image}
Yes could be a monster short price has not been this high since 09 .
If you fail to plan, you plan to fail.
  • #8,639
  • Apr 22, 2014 6:47am Apr 22, 2014 6:47am
Hello Mr. Pip. Did I measure swings correctly ?
Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1.png Size: 39 KB
-milkeyway
  • #8,640
  • Apr 22, 2014 6:55am Apr 22, 2014 6:55am
Quoting kumaramy
Hello Mr. Pip. Did I measure swings correctly ? Thanks. {image}
looks like it
If you fail to plan, you plan to fail.
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