Ratios & Harmonics: a Different Way to Trade | Page 453 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

"Ratios & Harmonics: a Different Way to Trade." Summary 37 replies

Learning to trade with harmonics 11 replies

Time for Change - Pivots & Harmonics to freedom 67 replies

180 reasons to trade Harmonics and Patterns 13 replies

Group Trading based on Elliott wave and Harmonics 0 replies

Attachments: Ratios & Harmonics: a Different Way to Trade
Exit Attachments

Ratios & Harmonics: a Different Way to Trade

  • #9,041
  • Jun 9, 2014 12:23pm Jun 9, 2014 12:23pm
Quoting FineForex
{quote} 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..
Thank you. I spend alot of time afterhours and on the weekends reseaching and practicing with marklet replay. its been coming along. I knew the journey was going to be hard but I've been very motivated. My entries have been getting better but my trade management stinks. I actively manage my trades.

When live, I find that I hold on to my losers at least 1 or 2 bars to long. which sometimes is alot, and I also get scared out of a position just before it turns. Any advice??? Kind of the opposite problem in the same area.
  • #9,042
  • Jun 9, 2014 12:36pm Jun 9, 2014 12:36pm
Quoting GiovanniV
{quote} hi Mack, what time frame using?
It depends on the pair. I try to stick with 1 time frame but when I was backtesting I found that some pairs give better signals on different TF. I made note of it and try to replicate that best possible senario so I can win.

Its kind of funny that way becuase it shouldn't even matter. because an engulfing pattern on one TF looks like a pin bar on another TF. Not saying I use candle pattern by the way but i do use them in context of whats happening within sentiment at areas of interest. Once I'm confident with an area, I'll try to look at optimizing entry price to reduce risk and increase profits. Go with Strength and Fade Weakness.

Mostly I use the 5 min, but occasionally use the 3min. I'm not good enough to drop down to the 1 min to try and get a better price. not yet anyway.
  • #9,043
  • Jun 9, 2014 7:20pm Jun 9, 2014 7:20pm
Quoting Mack2013
{quote} Thank you. I spend alot of time afterhours and on the weekends reseaching and practicing with marklet replay. its been coming along. I knew the journey was going to be hard but I've been very motivated. My entries have been getting better but my trade management stinks. I actively manage my trades. When live, I find that I hold on to my losers at least 1 or 2 bars to long. which sometimes is alot, and I also get scared out of a position just before it turns. Any advice??? Kind of the opposite problem in the same area.
ok well you need to manage your trade according to the correct order flow - meaning personally i am learning that even tho i take a trade on my tick charts on a smaller ABCD pattern if I am in line with LONGER TERM order flow then I need to cut it if my LONG TERM EXPECTATION is no longer valid.. like sometimes a NSL or NSH against us sucks but will happen sometimes before it plays out the expectation. before you enter a trade find the most appropriate Break Even Target and use it if you enter. if its an aggressive trade, get to BE aggressively. BE counts as a win in this battlefield

its better done with examples if you have any post them

but it is easy to lose sight of overall expectation and get bullied by short term orderflow. this simply takes many more hours of practice and live chart time to improve.
  • #9,044
  • Jun 9, 2014 7:22pm Jun 9, 2014 7:22pm
Quoting Mack2013
{quote} It depends on the pair. I try to stick with 1 time frame but when I was backtesting I found that some pairs give better signals on different TF. I made note of it and try to replicate that best possible senario so I can win. Its kind of funny that way becuase it shouldn't even matter. because an engulfing pattern on one TF looks like a pin bar on another TF. Not saying I use candle pattern by the way but i do use them in context of whats happening within sentiment at areas of interest. Once I'm confident with an area, I'll try to look at...
personally i find if you are going to use this method and day trade minute based you have to use 1min simply cuz it has clearer structure than anything else. practice with it and let me know what you think.
  • #9,045
  • Jun 9, 2014 7:34pm Jun 9, 2014 7:34pm
Quoting FineForex
{quote} personally i find if you are going to use this method and day trade minute based you have to use 1min simply cuz it has clearer structure than anything else. practice with it and let me know what you think.
Good point. I'll demo it. I guess proper practice makes perfect.
  • #9,046
  • Jun 9, 2014 7:49pm Jun 9, 2014 7:49pm
Quoting FineForex
{quote} ok well you need to manage your trade according to the correct order flow - meaning personally i am learning that even tho i take a trade on my tick charts on a smaller ABCD pattern if I am in line with LONGER TERM order flow then I need to cut it if my LONG TERM EXPECTATION is no longer valid.. like sometimes a NSL or NSH against us sucks but will happen sometimes before it plays out the expectation. before you enter a trade find the most appropriate Break Even Target and use it if you enter. if its an aggressive trade, get to BE aggressively....
I'll try to post some examples in real time tomorrow or the next. i'll clean up the charts to display only relavent information. I would like to hear what you think becuase i definately have a problem. I think it might be psychological or Physiology.

either way your thought would be great
  • #9,047
  • Jun 10, 2014 6:15am Jun 10, 2014 6:15am
interested in this zone here lets see what happens.. could be against strength here orderflow is really changing to the downside but this can still potentially provide an opp
Attached Image (click to enlarge)
Click to Enlarge Name: june 10 frank set up.jpg Size: 148 KB
  • #9,048
  • Jun 10, 2014 7:13am Jun 10, 2014 7:13am
Good morning

I'm watching several 1 to 1 with ratio confluence. Its against LT order flow and Bears look strong. I'll be watching PA on the retest

http://icmarkets.ctrader.com/images/screens/Wxqnn.png

http://icmarkets.ctrader.com/images/screens/jxqnn.png
  • #9,049
  • Jun 10, 2014 7:17am Jun 10, 2014 7:17am
Quoting Mack2013
Good morning I'm watching several 1 to 1 with ratio confluence. Its against LT order flow and Bears look strong. I'll be watching PA on the retest {image} {image}
i see the set up, i would hesitate here only cuz of the resistance right above... edit: forgot chart.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd june 10.jpg Size: 131 KB


all gbp pairs seem to be dropping. my zone in gbp/nzd has been invalidated already
  • #9,050
  • Jun 10, 2014 7:32am Jun 10, 2014 7:32am
Hi all,
GBPUSD
confluence
ABCD
127.2 AB
1.618 AB

http://i1243.photobucket.com/albums/...ps6f28ea8b.jpg
http://i1243.photobucket.com/albums/...ps9ff348c0.jpg

Note: Order flow is bearish
  • #9,051
  • Jun 10, 2014 7:36am Jun 10, 2014 7:36am
PA TF 5min
http://i1243.photobucket.com/albums/...ps24536e2f.jpg
  • #9,052
  • Jun 10, 2014 7:43am Jun 10, 2014 7:43am
Quoting FineForex
{quote} i see the set up, i would hesitate here only cuz of the resistance right above... edit: forgot chart. {image} all gbp pairs seem to be dropping. my zone in gbp/nzd has been invalidated already
Thanks. your right. Low R:R plus PA doesn't seem to be with me either.
  • #9,053
  • Jun 10, 2014 8:07am Jun 10, 2014 8:07am
abcd is still valid: the price has not closed below the PRZ.
http://i1243.photobucket.com/albums/...ps00493d5a.jpg
  • #9,054
  • Jun 10, 2014 8:19am Jun 10, 2014 8:19am
gold 1h
http://i1243.photobucket.com/albums/...psf708b0b1.jpg

5min PA
http://i1243.photobucket.com/albums/...ps6bad6a0c.jpg
  • #9,055
  • Jun 10, 2014 8:20am Jun 10, 2014 8:20am
Quoting GiovanniV
abcd is still valid: the price has not closed below the PRZ. {image}
but what are the candles telling you?
  • #9,056
  • Jun 10, 2014 9:06am Jun 10, 2014 9:06am
Quoting FineForex
{quote} but what are the candles telling you?
http://i1243.photobucket.com/albums/...ps34cfc57c.jpg

I do not do the trade because it is counter general trend (bearish)
  • #9,057
  • Jun 10, 2014 9:38am Jun 10, 2014 9:38am
Where can I find the rules of engagement for the BAT, and CRAB BUTTERFLY?
  • #9,058
  • Jun 10, 2014 10:28am Jun 10, 2014 10:28am
Good morning again. I haven't had very many good opportunities this morning but I am looking at this potential 3 drives and an 1 to 1 (AB=CD with a 38.6% Pullback)

At this point the sloppy 3 drives lack structure, is not symmetrical and if PA looks strong , I'll most likely pass on this one.

But there is an 1 to 1 ending at structure with a 161.8 ext of AB. Price is still 25 pips away and struggling to continue so........ Again I'm against Long Term Order Flow so I'm be waiting for weakness in the Bears and looking for signs of strength in the Bulls must likely on a retest.

http://icmarkets.ctrader.com/images/screens/mVqnn.png
  • #9,059
  • Jun 10, 2014 10:51am Jun 10, 2014 10:51am
Quoting GiovanniV
Where can I find the rules of engagement for the BAT, and CRAB BUTTERFLY?
Heres a start with the bat. No ROE's were supplied for those particular patterns. but a diagram sould be displayed in the advance pattern guideline

http://www.forexfactory.com/attachme...1&d=1365806748
  • #9,060
  • Jun 10, 2014 11:26am Jun 10, 2014 11:26am
Quoting FineForex
{quote} i see the set up, i would hesitate here only cuz of the resistance right above... edit: forgot chart. {image} all gbp pairs seem to be dropping. my zone in gbp/nzd has been invalidated already
I was wondering. In your journey, have you encounter any importance, as support and resistance goes, to the idea of price at London open, highs and lows and New York open Highs and Lows Or previous days open, highs and lows. Do these areas act as significant areas of structure to watch?

I've also heard of traders holding off trades in the first 15 - 30 mins of major session opens to gauge trends. Is there any truth in this?

If anybody has some insight that would be awesome
4 traders viewing now