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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

  • #9,081
  • Jun 18, 2014 7:39am Jun 18, 2014 7:39am
Quoting pampaq
New entry, mmtum weak bullish on supply area, with open and YH resistance. Expectation, to reach 100% at point C. Then control, strength and weakness, to see how the price reacts there. regards {image}
-24 Pips, all day gain to zero, we see, as follows, greetings
  • #9,082
  • Jun 18, 2014 7:49am Jun 18, 2014 7:49am
Quoting pampaq
{quote} -24 Pips, all day gain to zero, we see, as follows, greetings
Observe the pivot in yellow, and matches with 61% support, that structure, where, had placed many long endured and the price quickly rose.
As an analysis of the loss.
regards
Attached Image (click to enlarge)
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  • #9,083
  • Jun 18, 2014 8:13am Jun 18, 2014 8:13am
Quoting pampaq
{quote} Observe the pivot in yellow, and matches with 61% support, that structure, where, had placed many long endured and the price quickly rose. As an analysis of the loss. regards {image}
New rebound pivot yellow line VERMOS reaction in this area to enter.
regards
Attached Image (click to enlarge)
Click to Enlarge Name: xauusdm5reboteen pivot.png Size: 34 KB
  • #9,084
  • Jun 18, 2014 8:50am Jun 18, 2014 8:50am
Quoting pampaq
{quote} -24 Pips, all day gain to zero, we see, as follows, greetings
Its a fight today. Good luck. May the Market move in your favour Pampaq
  • #9,085
  • Jun 18, 2014 6:03pm Jun 18, 2014 6:03pm
Quoting Mack2013
{quote} Its a fight today. Good luck. May the Market move in your favour Pampaq
Thanks Mack2013, I could take revenge, Retrieving, 24 pips, at the end of the day, were +26, then I was out in the news.
The pivot low, exercised very strongly support throughout the day.
So despite placing the PRZ, below, I decided to put the TP, above that low.
With a little luck, however came, continuously monitoring the situation.
regards
Attached Image (click to enlarge)
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  • #9,086
  • Jun 20, 2014 2:21pm Jun 20, 2014 2:21pm
xau w 121
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  • #9,087
  • Jun 23, 2014 10:44am Jun 23, 2014 10:44am
Good mrning traders, I'm looking for this 1 to 1 to complete. I'll be looking for weakness when price breaks below the 1.70000 handle and strength to push back above. There are some strong barriers between completion and my first target. Another problem is that there is no decent structure to put Stops.

I'm expecting either a break out failure below 1.70 or a shallow pullback to 1.7025 then another try at the 1.7000. Either way, I expect any attempt to stay below 1.70 to fail and the trend to continue.

Just kind of what I'm looking at. I'll be monitoring PA to see if i'll enguage. BTW, this is the GBPUSD 1 HR but i'm monitoring the 3 min.

http://icmarkets.ctrader.com/images/screens/4Vfnn.png
  • #9,088
  • Jun 23, 2014 12:36pm Jun 23, 2014 12:36pm
Hello Traders,

I hope and trust everyone is well and prospering. I am coming back home for a while to continue our journey. You may ask yourself why the hell does he come in lifts us up and then disappears again? Well part of this reason is that I am a very busy man and can't spend all my time here as fun as it may be and the other is to give you time to master the techniques and make them your own.

Unfortunately this is the part that no one seems to follow through on and only a couple of you have. You will be the ones who find success in your trading career. Folks you need a ridiculous work ethic to become a consistently profitable trader. The amount of time many traders spend bouncing around from thread to thread looking for the shortcuts would payoff big-time if dedicated only to one system and mastered.

Invest the time and energy wisely, free yourselves from the hamster wheel and spend the time on the price charts. I promise you it will pay off!!! Now if the interest is still present and we want to grow as market professionals me included then I challenge any and all to dig in focus and lets get back to basics and the clarity of Ratios and Harmonics.
If you fail to plan, you plan to fail.
  • #9,089
  • Jun 23, 2014 1:10pm Jun 23, 2014 1:10pm
Potential Gartley coming up in the EURUSD. There is also a smaller ABCD within the final leg of the pattern that might cause a correction prior to pattern completion so on your toes. If you can't see it let me know and I will draw it out for you.
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD (233 Tick) 6_23_2014.jpg Size: 161 KB
If you fail to plan, you plan to fail.
  • #9,090
  • Jun 23, 2014 1:22pm Jun 23, 2014 1:22pm
Opportunities to find shorts on the GBPUSD between 1.7023 & 1.7032 order flow a bit strong but nice potential for run to complete an ABCD watch the 1.7000 acting as support and the 1.6990 which completes a larger ABCD as well for support.

This market is trying to speak to us of an attempt to longer term bearish bias. Lets see if the bears can impose their will. Got to love this stuff.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: $GBPUSD (233 Tick) 6_23_2014 1.jpg Size: 143 KB
Click to Enlarge Name: $GBPUSD (233 Tick) 6_23_2014 2.jpg Size: 137 KB
If you fail to plan, you plan to fail.
  • #9,091
  • Jun 23, 2014 1:47pm Jun 23, 2014 1:47pm
Quoting Mr. Pip
Hello Traders, I hope and trust everyone is well and prospering. I am coming back home for a while to continue our journey. You may ask yourself why the hell does he come in lifts us up and then disappears again? Well part of this reason is that I am a very busy man and can't spend all my time here as fun as it may be and the other is to give you time to master the techniques and make them your own. Unfortunately this is the part that no one seems to follow through on and only a couple of you have. You will be the ones who find success in your trading...
Hello D

Nice to see you again, you really are busy. But thanks for popping in. I have to say that lately the markets have been a bit slow lately. I had a few winners and a few losers, but I am aiming for more consistency.
Where are you these days.
Watching the World Cup?
  • #9,092
  • Jun 23, 2014 1:53pm Jun 23, 2014 1:53pm
a reasonable expectation is for the cable to find short term support on the correction between 13 and 19 on it's way up to structure confluence and the possible short. We are already see some signs of weakness on the bears pulling back to just above my correction zone.
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPUSD (233 Tick) 6_23_2014 3.jpg Size: 143 KB
If you fail to plan, you plan to fail.
  • #9,093
  • Jun 23, 2014 1:57pm Jun 23, 2014 1:57pm
Quoting Aj1
{quote} Hello D Nice to see you again, you really are busy. But thanks for popping in. I have to say that lately the markets have been a bit slow lately. I had a few winners and a few losers, but I am aiming for more consistency. Where are you these days. Watching the World Cup?
Hey Buddy,

I'm not much of a soccer fan never got my mind into it but I must say that it's nice to see so many counties together celebrating and interacting with each other in a positive way.

Yes the markets have been real slow hopefully we will see expansion soon.
If you fail to plan, you plan to fail.
  • #9,094
  • Jun 23, 2014 2:03pm Jun 23, 2014 2:03pm
I did take an Aggressive C on the Eur today, but when it got stuck at the1.3600, I got out with about 12 pips. Good thing is I was seeing what you have just said to us now. I was looking for a Gartley completion too.
So I must be getting something right.

Aj1
  • #9,095
  • Jun 23, 2014 2:05pm Jun 23, 2014 2:05pm
Quoting Aj1
I did take an Aggressive C on the Eur today, but when it got stuck at the1.3600, I got out with about 12 pips. Good thing is I was seeing what you have just said to us now. I was looking for a Gartley completion too. So I must be getting something right. Aj1
If you fail to plan, you plan to fail.
  • #9,096
  • Jun 23, 2014 2:47pm Jun 23, 2014 2:47pm
Quoting Mr. Pip
Hello Traders, I hope and trust everyone is well and prospering. I am coming back home for a while to continue our journey. You may ask yourself why the hell does he come in lifts us up and then disappears again? Well part of this reason is that I am a very busy man and can't spend all my time here as fun as it may be and the other is to give you time to master the techniques and make them your own. Unfortunately this is the part that no one seems to follow through on and only a couple of you have. You will be the ones who find success in your trading...

Welcome back!
  • #9,097
  • Jun 23, 2014 5:45pm Jun 23, 2014 5:45pm
Glad to see you back Mr. Pip
  • #9,098
  • Edited 6:52pm Jun 23, 2014 6:07pm | Edited 6:52pm
Quoting Mr. Pip
a reasonable expectation is for the cable to find short term support on the correction between 13 and 19 on it's way up to structure confluence and the possible short. We are already see some signs of weakness on the bears pulling back to just above my correction zone. {image}
Hello Mr. Pip, Good to hear from ya.

I was looking at the GBPUSD trade that you mentioned earlier. I was eyeing that one as well. To me the bulls look weak and theres obvious disinterest currently in the price action. I'm expecting a moderate Pullback but price keeps trailing higher. I had a question about the pin bar that was made about an hour after the New York session close on abnormally high tick volume.

It looks like there was some selling pressure but then it was quickly bought up. I checked the 1min and it also has a long pin bar. Is this an indication that the buyers have no intentions of seeing price pullback for now and should we expect price to continue higher untill more participants enter the market.?

Just looking for anothers opinion

http://icmarkets.ctrader.com/images/screens/r2fnn.png
  • #9,099
  • Jun 23, 2014 7:32pm Jun 23, 2014 7:32pm
Quoting Mack2013
{quote} Hello Mr. Pip, Good to hear from ya. I was looking at the GBPUSD trade that you mentioned earlier. I was eyeing that one as well. To me the bulls look weak and theres obvious disinterest currently in the price action. I'm expecting a moderate Pullback but price keeps trailing higher. I had a question about the pin bar that was made about an hour after the New York session close on abnormally high tick volume. It looks like there was some selling pressure but then it was quickly bought up. I checked the 1min and it also has a long pin bar....
Hey Mack,

That candle could have been anything large positions settling longs or fundamental data somewhere to even big brother who knows and more importantly who care. Lets consider the context and what the means to us as traders. I don't associate candles from a pin or any other formation other then from a stand pointy of strength or weakness.

You don't need a volume indicator to know there was obvious volume within the context of that candle. What is important is the context of what is around that event that will help you make or dismiss an opportunity or even help you time a great entry. From this frame work you can appreciate a rapidly deteriorating bullish order flow and sellers willing engage the market. With that said any bullish candle pin or whatever has to be looked at very carefully. If that was true bullish volume or buyers entering price would have swiftly moved to more significant highs.

Price may climb higher but the expectation here is for the bears to overpower the bulls and to be able to correct in the near future.
If you fail to plan, you plan to fail.
  • #9,100
  • Jun 23, 2014 7:37pm Jun 23, 2014 7:37pm
Well Traders it looks like the cable appears to have reacted to my predetermined PRZ and for the time being has also found some support at the higher end of my other box. We can see in the short term order flow a significant breakdown with price creating weaker projection and deeper depth. We have also produced a NSL in that short term order flow. It's up to the bears to decide what they want. They are in the driver's seat and the ball is completely in their court.
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPUSD (233 Tick) 6_23_2014 4.jpg Size: 140 KB
If you fail to plan, you plan to fail.
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