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Ratios & Harmonics: a Different Way to Trade

  • #8,821
  • May 7, 2014 10:38am May 7, 2014 10:38am
Quoting pampaq
{quote} with situational awareness given by the structure and order flow, strength and weakness. You may win, and out quickly especially when expectations are not met. By not break the barrier of YL for the third time, exit with moderate gains, and reset expectations, as it was placed in the post, and take advantage of the 1300 the break. greetings and thanks.
Entering again, see if greed does not betray me.
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  • #8,822
  • May 7, 2014 10:54am May 7, 2014 10:54am
Quoting pampaq
{quote} Entering again, see if greed does not betray me. {image}
Good morning, today met the TP
regards
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  • #8,823
  • May 8, 2014 7:10am May 8, 2014 7:10am
Quoting pampaq
{quote} Good morning, today met the TP regards {image}
A review to visualize what has been done:
The main swing, in yellow, reaches its low, and performs a type ABC correction where the question is, WHERE WILL C?, For this we use the whole arsenal, there's RATIOS, we indicate PRZ, called C , which we measured fibos the, main swing, of a and B, in turn FE of a from B, as shown in Fig.
The price searched first, then 38% and 61%.
In turn, the structure and the order flow, and the strength and weakness, indicate the probability of trade.
regards
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  • #8,824
  • May 8, 2014 8:01am May 8, 2014 8:01am
Hi all
used a single time frame for the harmonic pattern or 3?
  • #8,825
  • May 8, 2014 3:25pm May 8, 2014 3:25pm
USDCHF 4H
http://i1243.photobucket.com/albums/...ps180cbf13.jpg
  • #8,826
  • May 9, 2014 2:16am May 9, 2014 2:16am
Hi GiovanniV,

Kindly refer to post 2421. Page 122. Its well explained there with a trade example. Thank you.

Quoting GiovanniV
{quote} 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"?
Enter Signature
  • #8,827
  • May 9, 2014 8:28am May 9, 2014 8:28am
Quoting Wills
Hi GiovanniV, Kindly refer to post 2421. Page 122. Its well explained there with a trade example. Thank you. {quote}
Its nice to see someone going through the thread. I took another look at the charts post. very good analysis.
  • #8,828
  • May 9, 2014 8:55am May 9, 2014 8:55am
In a narrow range, looking for a short to area ratios.
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  • #8,829
  • May 9, 2014 9:29am May 9, 2014 9:29am
Quoting pampaq
In a narrow range, looking for a short to area ratios. {image} {image}
Reducing position and adjusting SL
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  • #8,830
  • May 9, 2014 9:55am May 9, 2014 9:55am
Quoting pampaq
{quote} Reducing position and adjusting SL {image}
27Pips - spread
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  • #8,831
  • May 11, 2014 3:25am May 11, 2014 3:25am
Quoting Mack2013
{quote} Its nice to see someone going through the thread. I took another look at the charts post. very good analysis.
Enter Signature
  • #8,832
  • May 11, 2014 3:28am May 11, 2014 3:28am
Quoting Mr. Pip
{quote} If I may suggest use the smaller harmonic moves to confirn and validate the bigger one you are trading and to find confluence. You will find lots of harmonic micro swings that help guide you into the agressive C sweet spot and even the PRZ.
Hi Mr.Pip,
Can you explain this concept?
  • #8,833
  • Edited May 12, 2014 6:58am May 11, 2014 10:21pm | Edited May 12, 2014 6:58am
Quoting GiovanniV
{quote} Hi Mr.Pip, Can you explain this concept?
Hello GiovanniV,

You can use smaller swing harmonic moves to add confluence or confidence to an area of opportunity. Example: you got a Gartley pattern going on but on the CD leg there is an incomplete AB=CD pattern ending in the same area.

So in Mr. Pips thesis, you can use the AB=CD move to verify the completion of the BC leg which happens to be in the rules of engagement for an aggressive C position

In the example , please note the 1 to 1 harmonics within the BC leg to help shrink the area of opportunity for an aggressive C position. There is also some minor structure along the same area to help with confluence. Once price reaches this area, monitor Price action and look for a trigger. Let price tell you where it wants to go and not where you hope it will go.

You will sometimes find patterns within pattern which complete in the same area which help strengthening and increasing the probabilities in the area of opportunity (Kill Zone or Potential Reversal Zone).

Hopes this helps.

BTW, this pattern breached X point with a long pin bar before retracing so technically the Gartley was a failure.


http://icmarkets.ctrader.com/images/screens/l2cnn.png
  • #8,834
  • May 12, 2014 7:28am May 12, 2014 7:28am
Quoting Mack2013
{quote} Hello GiovanniV, You can use smaller swing harmonic moves to add confluence or confidence to an area of opportunity. Example: you got a Gartley pattern going on but on the CD leg there is an incomplete AB=CD pattern ending in the same area. So in Mr. Pips thesis, you can use the AB=CD move to verify the completion of the BC leg which happens to be in the rules of engagement for an aggressive C position In the example , please note the 1 to 1 harmonics within the BC leg to help shrink the area of opportunity for an aggressive C position....
My 2 cents, in my case, I try to find, especially, ONE TO ONE, and then look for the retro 38 and 61%.
On that occasion, I use Mmtum, to assess strength and weakness.
All this within the structure, and thus take high probability trades.
As has already been said, the basis of Harmonics, is AB = CD.
Start with this configuration, it is very clear and gives results.
In turn, you could try to find common features in the ratios.
That is, measure the main sw, the dominant, and the current price, in turn, use FE to find 100%, or 78, 127, 138 or 161.
Where Fibos important confluence, there is harmonics, and structure and strength and weakness, it is possible to take high probability trades.
regards
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  • #8,835
  • May 12, 2014 8:19am May 12, 2014 8:19am
In SZ, with Mmtum bullish, expecting a full pullback, ABC type, and then control B, if you have mmtum and upward acceleration, it could break the RM of 1303.63 and take a long at its pullback.
If D is weak, take short opening price for the day.
We'll see, Greetings
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  • #8,836
  • May 12, 2014 8:31am May 12, 2014 8:31am
Quoting pampaq
In SZ, with Mmtum bullish, expecting a full pullback, ABC type, and then control B, if you have mmtum and upward acceleration, it could break the RM of 1303.63 and take a long at its pullback. If D is weak, take short opening price for the day. We'll see, Greetings {image}
control, fibos, and FE to evaluate possible C.
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  • #8,837
  • May 12, 2014 8:43am May 12, 2014 8:43am
Quoting pampaq
{quote} control, fibos, and FE to evaluate possible C. {image}
buy limit
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  • #8,838
  • May 12, 2014 8:55am May 12, 2014 8:55am
Quoting pampaq
{quote} buy limit {image} {image}
IN
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  • #8,839
  • May 12, 2014 9:14am May 12, 2014 9:14am
Quoting pampaq
{quote} IN {image}
resistance RN, wait and control
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  • #8,840
  • May 12, 2014 9:21am May 12, 2014 9:21am
Quoting pampaq
{quote} resistance RN, wait and control {image}
Looking 38% and 61%.
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