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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

  • #8,781
  • May 3, 2014 4:15pm May 3, 2014 4:15pm
Quoting Mr. Pip
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...
  • #8,782
  • May 3, 2014 5:13pm May 3, 2014 5:13pm
Quoting Mack2013
{quote} Nicely said. I like the way you lay out your charts. Just out of curiosity what are the confluences you look for? I've listed 6. I was just wondering what else you look for? Long Term Order Flow Short Term Order Flow Ratio Confluence ABCD / AB=CD harmonics Structure (Demand/Supply Zone) Round Numbers
In Structure, look for the market's NSH, HL , NSL, & LH
Also have the EXPECTATION !!!

PS. Here's a clue that has taken me a long time to learn. Above we have listed 7 Confluences which leads to an EXPECTATION. Look at them as ONE not SEVEN. Then, you'll see the important PRICE. And PRICE is all that matters!!!!
  • #8,783
  • May 3, 2014 5:50pm May 3, 2014 5:50pm
and I might add price always has a target... what its aiming for.. never random... some days your right some days your wrong
Never said I was Batman,all I'm saying is you'll never see us together.
  • #8,784
  • Edited 6:23am May 4, 2014 6:06am | Edited 6:23am
Quoting Mr. Pip
Quoting iqyu5an
Mr. Pip, 1) what the biggest TF that u ever used ? 2) if u could predict where the point D, do u make pending order ? or execute the order manually ? quote] Hello, 1) what the biggest TF that u ever used ? I use to trade the 1H using the 5M to pin point entries. The highest timeframe ever used was the 4H . 2) if u could predict where the point D, do u make pending order ? or execute the order manually ? I will set pending orders only if I'm not going to be at my PC. These orders have to have to
...

Hi Mr.Pip
Can you better explain these points?
  • #8,785
  • May 4, 2014 6:26am May 4, 2014 6:26am
Hey everyone! Here are a few patterns that I am following:

1. H4 AUDNZD Bat
Attached Image (click to enlarge)
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2. H4 USDCHF Butterfly
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3. Daily USDCHF Butterfly
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4. Weekly AUDJPY Bat
Attached Image (click to enlarge)
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Any feedback is welcomed!
  • #8,786
  • May 4, 2014 9:22am May 4, 2014 9:22am
Thank you for the note.

Quoting pampaq
{quote} Hi Willis, my two cents, it is often likely that SZ or DZ, price perform a complete pull back. An ABC correction and then find D. That is returns to the trend prior to the correction, and that's where we'll see your Mmtum if strong will break if weak bounce. The confluences indicate probable reversal zone is the Mmtum and order flow, which will say whether or not you take the trade. Beyond the figures, bat, etc, is the confluence of RATIOS and SZ or DZ, more high and low of the previous day, and Pivot highs and lows, which will increase...
Enter Signature
  • #8,787
  • May 4, 2014 9:31am May 4, 2014 9:31am
Quoting Mr. Pip
Well Traders, This trade is just not going anywhere. The order flow is breaking down price is failing to make a NSL. I may consider getting out of this and looking for a more productive opportunity. My line is the sand is the green structure line drawn. Let's see if the Asian session helps this out? {image}
Mr pip im just wondering how many trade do you get in 1 weeks?
  • #8,788
  • May 4, 2014 9:33am May 4, 2014 9:33am
Good morning Mr.Pip and fellow traders, I hope the weekend has been good to everybody.

I had a question on money management. Earlier this week, I ran into a situation where the market flooded me with multiple quality signal. All looked good but I couldn't manage them all so I only took 3. I took the ones with the best risk vs reward ratio. I felt alright managing 3 but I started to notice things, like correlation with totally different pairs (which shouldn't be correlated at all) and it got me think that if I would have been wrong, I might have been wrong on all 3.

 

  1. What’s the max amount of trades would you have open?
  2. How would you filter all the signal? Would you go for the highest probable with the best R:R or something else?
  3. I've also been testing the higher time frames, would this effect how many intraday positions you would consider?
  4. If you had a position in a pair on the higher time frame, then noticed a set up intraday on the same pair going in the same direction would you take it? Would you take the trade if it goes against your Higher Time Frame order flow direction? I've noticed that sometimes the higher time frame order flow is different from the smaller time frame order flow. Would you wait until they align?

If anybody has any input please do not hesitate. Any feedback would be awesome. Thanks

  • #8,789
  • May 4, 2014 10:22am May 4, 2014 10:22am
Quoting Psyren
Hey everyone! Here are a few patterns that I am following: 1. H4 AUDNZD Bat {image} 2. H4 USDCHF Butterfly {image} 3. Daily USDCHF Butterfly {image} 4. Weekly AUDJPY Bat {image} Any feedback is welcomed!
Hi, hello.
Can you tell me how you bat figure is drawn it
What method of painting it is
What can you teach me？
Thank you very much for sharing
I like it
  • #8,790
  • May 4, 2014 2:10pm May 4, 2014 2:10pm
Quoting GiovanniV
{quote}{quote} Hi Mr.Pip Can you better explain these points?
I don't really know what points you want explained better so ask a question and we can go from there
If you fail to plan, you plan to fail.
  • #8,791
  • May 4, 2014 2:13pm May 4, 2014 2:13pm
Quoting Forexbuster
{quote} Mr pip im just wondering how many trade do you get in 1 weeks?
15-20 but I don't understand how that helps you the frequency is entirely on what your setup is, timeframe you chose and your hours of operation.
If you fail to plan, you plan to fail.
  • #8,792
  • May 4, 2014 3:57pm May 4, 2014 3:57pm
Quoting Mr. Pip
{quote} I don't really know what points you want explained better so ask a question and we can go from there

Mr.Pip,
I read the reply to igyu5an, can you explain with an example the "I use to trade the 1H using the 5M to pin point entries"?
  • #8,793
  • May 4, 2014 4:34pm May 4, 2014 4:34pm
Quoting Liuxiang
{quote} Hi, hello. Can you tell me how you bat figure is drawn it What method of painting it is What can you teach me？ Thank you very much for sharing I like it
I am really sorry but I didn't quite understand your questions ... Are you asking about how I identify the Bats? or how I draw them on the charts?
  • #8,794
  • May 4, 2014 5:28pm May 4, 2014 5:28pm
Quoting Mack2013
Good morning Mr.Pip and fellow traders, I hope the weekend has been good to everybody. I had a question on money management. Earlier this week, I ran into a situation where the market flooded me with multiple quality signal. All looked good but I couldn't manage them all so I only took 3. I took the ones with the best risk vs reward ratio. I felt alright managing 3 but I started to notice things, like correlation with totally different pairs (which shouldn't be correlated at all) and it got me think that if I would have been wrong, I might have...
Hi Mack : Maximo , to my way of being two trades , by time, for many reasons, I do not list here .
I analyze in , TF 30M and 1h , and operated in 5M, I tune my entry to 1M.
The limit of the football field , we perform in 3oM and 1H , there I see the structure , RN , YH , YL , high and low , maximum and minimum of the day Pivots . And the order flow, that trend is in that workspace , bullish, bearish , rank, or we're push or a kick, as is strong or weak, the pullback is simple ( 123 ) or full ( ABC. . . d ), I am near a barrier , or I have room to keep .
The space without barriers is essential to appreciate before entering the trade .
Then compare the SL with TP , and you appreciate the odds of success.
You go in and you start to suffer.
In my case I 'm working hard at the start, I'm leaving soon, despite having confidence in my operation.
I recently placed an operation where flow indicated that the order was contrary , but I wanted to show, in real account, you learned from Mr Pips works , and very well .
While you have situational awareness , the operation is no problem , for it is the detail of the estrucutura .
regards
  • #8,795
  • May 5, 2014 5:56am May 5, 2014 5:56am
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-milkeyway
  • #8,796
  • May 5, 2014 6:18am May 5, 2014 6:18am
Quoting Psyren
Hey everyone! Here are a few patterns that I am following: 1. H4 AUDNZD Bat {image} 2. H4 USDCHF Butterfly {image} 3. Daily USDCHF Butterfly {image} 4. Weekly AUDJPY Bat {image} Any feedback is welcomed!
1. h4 AUD/NZD really isn't BAT. Retrecment XA to B is more than 50%.
  • #8,797
  • May 5, 2014 7:53am May 5, 2014 7:53am
This is very like your trading system
Help me see my chart
Right?
thanks for you!
  • #8,798
  • Edited 9:24am May 5, 2014 9:03am | Edited 9:24am
Quoting SLforex
{quote} 1. h4 AUD/NZD really isn't BAT. Retrecment XA to B is more than 50%.
Hmm, I personally, follow the rules written by Scott Carney which say that a Bat has to have its B point at a less then 61.8 retracement of XA, although it would indeed be preferably to be at the 50%.

Quoting Liuxiang
This is very like your trading system Help me see my chart Right? thanks for you!
If you are asking how I identify these patterns, I would suggest you download the pdf posted by Mr. Pip (post 8701) on the 436th page and start looking for moves on the charts that complete those patterns.
On the other hand, if you are asking how I draw the patterns on my charts, well, there is Insert - Shapes - Triangle on the MetaTrader4 ...
  • #8,799
  • May 5, 2014 10:45am May 5, 2014 10:45am
Quoting pampaq
{quote} Hi Mack : Maximo , to my way of being two trades , by time, for many reasons, I do not list here . I analyze in , TF 30M and 1h , and operated in 5M, I tune my entry to 1M. The limit of the football field , we perform in 3oM and 1H , there I see the structure , RN , YH , YL , high and low , maximum and minimum of the day Pivots . And the order flow, that trend is in that workspace , bullish, bearish , rank, or we're push or a kick, as is strong or weak, the pullback is simple ( 123 ) or full ( ABC. . . d ), I am near a barrier , or I have...
Thanks Pampaq. I appreciate your thoughts. Using barriers to filter trading opportunities was something I was lacking. Thanks for the insight.

You'll be leaving soon? Well, education is an on going process. May the market bless you with alot of pips.

"flow indicated that the order was contrary." I'm curious??
  • #8,800
  • May 5, 2014 10:46am May 5, 2014 10:46am
A small operation I close at this time, with 38 less spread.
Confluence ratios in supply area, once seen weakness in the bull mmtum, it came short.
Output is to have old support supply area now. although the order flow is bearish, so I could stay. greetings
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