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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

  • #9,021
  • Jun 4, 2014 10:05am Jun 4, 2014 10:05am
Quoting GiovanniV
I studied the whole book of Carney and I wanted to ask a question: because the projections of Carney to complete the patterns are mainly the extension BC while Mr.Pip use the extension 1.272 - 1382-1618 AB?
Most patterns are based off the AB=CD pattern where you can add confluence with the AB ext. Its nice to add another ratio with the inverted CB projection as well that supports your level. The more ratios line up the bettter or stronger.
  • #9,022
  • Jun 4, 2014 1:00pm Jun 4, 2014 1:00pm
Quoting shahidfx
A bearish butterfly has formed in USD/JPY 4hr. {image}
Good news, we have a turn 1TO1, and we can find the 38% retracement.
We'll see how it behaves in such resistance and strength and weakness,
regards
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  • #9,023
  • Jun 4, 2014 1:15pm Jun 4, 2014 1:15pm
Quoting Mack2013
{quote} Most patterns are based off the AB=CD pattern where you can add confluence with the AB ext. Its nice to add another ratio with the inverted CB projection as well that supports your level. The more ratios line up the bettter or stronger.
  • #9,024
  • Jun 4, 2014 3:32pm Jun 4, 2014 3:32pm
update my plane GBPUSD

http://i1243.photobucket.com/albums/...ps36e333ad.jpg
  • #9,025
  • Jun 5, 2014 6:19am Jun 5, 2014 6:19am
Quoting pampaq
{quote} Good news, we have a turn 1TO1, and we can find the 38% retracement. We'll see how it behaves in such resistance and strength and weakness, regards {image}
Checking price and their behavior in this area, we have the YL, pivot and 100% FE. For any manifestation of weakness, reduce or exit position. The news are coming
regards
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  • #9,026
  • Jun 5, 2014 6:44am Jun 5, 2014 6:44am
euruad H4
Kumo W
Gartley
ABCD
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  • #9,027
  • Jun 5, 2014 7:03am Jun 5, 2014 7:03am
Quoting Mr. Pip
{quote} Mr. Burns, I don't care for news it's just volatility. If you are trading the 233T or any other time frame all you need to look at is that time frame. There is 0 relevance between the daily and a 5 min chart you are trying to compare apples and oranges. You want to look at the bigger picture? Just zoom out and you will see it. Keep it simple there is no need to refer to the higher time frame it will only confuse you.


are the two years that I go into confusion by using 3 time frames!
I thought it was important to have the "big picture" ....
thanks!
  • #9,028
  • Jun 5, 2014 7:09am Jun 5, 2014 7:09am
Quoting pampaq
{quote} Checking price and their behavior in this area, we have the YL, pivot and 100% FE. For any manifestation of weakness, reduce or exit position. The news are coming regards {image}
With +17 out greetings.
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  • #9,029
  • Jun 5, 2014 12:44pm Jun 5, 2014 12:44pm
https://charts.mql5.com/4/899/usdjpy...group-of-3.png
  • #9,030
  • Jun 5, 2014 1:41pm Jun 5, 2014 1:41pm
https://charts.mql5.com/4/900/usdjpy...x-group-of.png
  • #9,031
  • Jun 9, 2014 9:19am Jun 9, 2014 9:19am
Good morning traders.

Thought I would post this. I'm looking at the GBPUSD today and seen a decent 1 to 1 (in green) with confluence of the 161.8 ext. of AB with decelerating price going into the potential reversal zone. I'll be monitoring price for signs of strength and weakness and a trigger so I haven’t participated yet.

I'm against current order flow, so I'm only looking for conservative price targets at the next supply zone, maybe RN 1.68 if price strength is decent. If weak exit .

If somebody else has another opinion or positive criticism. All is welcome.

PS
-never mind the rest of the analysis. My charts are a little messy but organized to my eye, its sad but i need the reminders of what has happened and what i was thinking.
- You might have to click on it to expand


http://icmarkets.ctrader.com/images/screens/BJqnn.png
  • #9,032
  • Jun 9, 2014 10:55am Jun 9, 2014 10:55am
Quoting Mack2013
Good morning traders. Thought I would post this. I'm looking at the GBPUSD today and seen a decent 1 to 1 (in green) with confluence of the 161.8 ext. of AB with decelerating price going into the potential reversal zone. I'll be monitoring price for signs of strength and weakness and a trigger so I haven’t participated yet. I'm against current order flow, so I'm only looking for conservative price targets at the next supply zone, maybe RN 1.68 if price strength is decent. If weak exit . If somebody else has another opinion or positive criticism....

Update: Price never reached my kill zone but instead stalled out just above demand zone. I was looking at entering on the pin bar after rejections circled in purple but decided to be patient and wait for price to come to me. Price never did. So I was unable to participate.

Price did reverse and travel Up to the Previous Supply area where it was reject. Price pushed down with strength but failed to continue lower and produced a HL before trending higher touching the 1.68 level.

My bias is still bearish but the bulls are starting to show strength. So my expectation is for price to complete a complex pullback ending at the RN, maybe even a breakout failure, before pushing down.

Strength on the swing down will advise me whether or not I should re-reevaluate my bearish bias

http://icmarkets.ctrader.com/images/screens/Q0qnn.png
  • #9,033
  • Jun 9, 2014 11:32am Jun 9, 2014 11:32am
Quoting Mack2013
{quote} Update: Price never reached my kill zone but instead stalled out just above demand zone. I was looking at entering on the pin bar after rejections circled in purple but decided to be patient and wait for price to come to me. Price never did. So I was unable to participate. Price did reverse and travel Up to the Previous Supply area where it was reject. Price pushed down with strength but failed to continue lower and produced a HL before trending higher touching the 1.68 level. My bias is still bearish but the bulls are starting to show strength....
Hey Mack,

all looks pretty spot on. it does get tricky here i would have had similar issues if i was looking at this.. optimal price for support was lower and as you have laid out the trade opp was in the purple circle... depends on your personal trade plan i guess. its crazy that you can only get 1 opp per market these days its really hard.

seems like all gbp pairs were similar. I was watching GBP/NZD and GBP/AUD, was bullish on both of them, primarily gbp/nzd but i also waited for a better price in my zone and it went without me (i guess i sat down too late). I did however get a long on GA which didnt move quite like gbpnzd but moved well enough..
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  • #9,034
  • Jun 9, 2014 11:56am Jun 9, 2014 11:56am
Quoting FineForex
{quote} Hey Mack, all looks pretty spot on. it does get tricky here i would have had similar issues if i was looking at this.. optimal price for support was lower and as you have laid out the trade opp was in the purple circle... depends on your personal trade plan i guess. its crazy that you can only get 1 opp per market these days its really hard. seems like all gbp pairs were similar. I was watching GBP/NZD and GBP/AUD, was bullish on both of them, primarily gbp/nzd but i also waited for a better price in my zone and it went without me (i guess...
I agree. In hindsight the price stall, rejections, and pin bar was a clear signal. Just thought I could get a better price. Price only need 4 pips to complete. I guess thats the way it goes. I didn't like how it moved afterwards... a little choppy for a few swings.

Lately, I've been using some subjective rules and I guess I could of built a case for entry just off of PA and structure.

Your right about the opp per market. In the beginning, I was a little loose with my case for entry. if I can get 3 or 4 of the 7 criteria then I was in.... I lost alot of money . Now I'm just looking for quality trades so now I miss alot of trades. Still working on increasing the expectation accuracy tho.

Price seems to be stalling on the 1.68 / GBPUSD. I expect a push down
  • #9,035
  • Jun 9, 2014 11:59am Jun 9, 2014 11:59am
Quoting FineForex
{quote} Hey Mack, all looks pretty spot on. it does get tricky here i would have had similar issues if i was looking at this.. optimal price for support was lower and as you have laid out the trade opp was in the purple circle... depends on your personal trade plan i guess. its crazy that you can only get 1 opp per market these days its really hard. seems like all gbp pairs were similar. I was watching GBP/NZD and GBP/AUD, was bullish on both of them, primarily gbp/nzd but i also waited for a better price in my zone and it went without me (i guess...
Your right on your NZDGBP trade. Price did look like it wanted to retest the consolidation lows before snapping back.

Its hard not chasing price
  • #9,036
  • Jun 9, 2014 12:01pm Jun 9, 2014 12:01pm
Quoting Mack2013
{quote} I agree. In hindsight the price stall, rejections, and pin bar was a clear signal. Just thought I could get a better price. Price only need 4 pips to complete. I guess thats the way it goes. I didn't like how it moved afterwards... a little choppy for a few swings. Lately, I've been using some subjective rules and I guess I could of built a case for entry just off of PA and structure. Your right about the opp per market. In the beginning, I was a little loose with my case for entry. if I can get 3 or 4 of the 7 criteria then I...
rules definitely need to be objective. i think for a set up like this g/u today what it comes down to is if the set up is valid, and the signal seems to be coming early, is the risk/reward good enough?

youre def coming along nicely tho esp with PA
  • #9,037
  • Jun 9, 2014 12:03pm Jun 9, 2014 12:03pm
Quoting Mack2013
{quote} Your right on your NZDGBP trade. Price did look like it wanted to retest the consolidation lows before snapping back. Its hard not chasing price
yeah very hard.

even if price came down and it took i to the top of the range it would have still been around 25 pips... that market moves like all hell

expectation was a NSH tho..
  • #9,038
  • Jun 9, 2014 12:04pm Jun 9, 2014 12:04pm
Quoting FineForex
{quote} Hey Mack, all looks pretty spot on. it does get tricky here i would have had similar issues if i was looking at this.. optimal price for support was lower and as you have laid out the trade opp was in the purple circle... depends on your personal trade plan i guess. its crazy that you can only get 1 opp per market these days its really hard. seems like all gbp pairs were similar. I was watching GBP/NZD and GBP/AUD, was bullish on both of them, primarily gbp/nzd but i also waited for a better price in my zone and it went without me (i guess...
It looks like you got +25 pips on your GBPAUD trade. Good job...

Did you enter on the AB=CD? I didn't draw to check... I just eyeballed it...
  • #9,039
  • Jun 9, 2014 12:08pm Jun 9, 2014 12:08pm
Quoting Mack2013
{quote} It looks like you got +25 pips on your GBPAUD trade. Good job... Did you enter on the AB=CD? I didn't draw to check... I just eyeballed it...
yeah exactly, i have it drawn on my bigger TF chart..
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  • #9,040
  • Jun 9, 2014 12:10pm Jun 9, 2014 12:10pm
Quoting Mack2013
{quote} Update: Price never reached my kill zone but instead stalled out just above demand zone. I was looking at entering on the pin bar after rejections circled in purple but decided to be patient and wait for price to come to me. Price never did. So I was unable to participate. Price did reverse and travel Up to the Previous Supply area where it was reject. Price pushed down with strength but failed to continue lower and produced a HL before trending higher touching the 1.68 level. My bias is still bearish but the bulls are starting to show strength....
hi Mack,
what time frame using?
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