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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

  • #9,121
  • Jun 24, 2014 6:59am Jun 24, 2014 6:59am
Quoting pampaq
{quote} I reentering {image}
expectation that breaks the pivot and YH if not, leave the position,
  • #9,122
  • Jun 24, 2014 7:02am Jun 24, 2014 7:02am
Quoting pampaq
{quote} expectation that breaks the pivot and YH if not, leave the position,
taking profits, and controlling. regards
Attached Image(s) (click to enlarge)
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  • #9,123
  • Jun 24, 2014 7:07am Jun 24, 2014 7:07am
Eur 1.3615 taken out, expectation is for price to reach 1.3606.
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  • #9,124
  • Jun 24, 2014 7:09am Jun 24, 2014 7:09am
Quoting pampaq
{quote} taking profits, and controlling. regards {image} {image}
We expect some support, in the OPEN
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  • #9,125
  • Jun 24, 2014 7:14am Jun 24, 2014 7:14am
Quoting pampaq
{quote} We expect some support, in the OPEN {image}
If rejected again, the OPEN, we should leave.
regards
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  • #9,126
  • Jun 24, 2014 7:29am Jun 24, 2014 7:29am
Profit Target hit +21 pips.

Aj1
  • #9,127
  • Jun 24, 2014 7:38am Jun 24, 2014 7:38am
Quoting pampaq
{quote} If rejected again, the OPEN, we should leave. regards {image}
We arrived, I apologize for so many graphics, but I think that is the way to follow the sequence of decision making.
Thank, once again, to Mr Pip, who has taught us all the good that I operate.
Errors and uncertainties, are mine alone.
A good day.
Leverage, high, is to participate in a tournament.
regards
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  • #9,128
  • Jun 24, 2014 8:42am Jun 24, 2014 8:42am
Quoting pampaq
{quote} Thanks to your instructions, I have taken this Gartley, with a Buy Limit, the 38% retracement of small ONE TO ONE. Now, waiting for the kick from the PRZ. Thanks, and I'm still learning. regards {image}
Playing 61%, now the expectation is bullish
we will see, Greetings
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  • #9,129
  • Jun 24, 2014 9:01am Jun 24, 2014 9:01am
Well the EURO also hit target, both trades from last night nailed with extreme precision. I'm not making this statement to brag about the abilities to read the chart but to make a point. My point is simple. Everything I said yesterday in my analysis and today did not change even when price struggled a bit in the EURO why is that?

My approach remains the same as when we first started and I also always have an expectation of what should happen next. This is by far the most important tool you could ever develop as a trader. Having an expectation ahead of price keeps you in sync with the chart. It lets you know whether it is safe to proceed or to pass and wait for better timing.
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD (233 Tick) 6_24_2014 1.jpg Size: 168 KB
If you fail to plan, you plan to fail.
  • #9,130
  • Jun 24, 2014 9:06am Jun 24, 2014 9:06am
I would like to see you all work on your expectations. They will be a bit sloppy at first but with some elbow grease they will begin to take shape and more importantly make you better decision makers.

Let structure and order flow be your guide. Whether you trade ticks, 1M, 5m, 1H, range bars, renko or whatever it all takes you to the same place. listen to your charts and let price tell you what it wants to do.
If you fail to plan, you plan to fail.
  • #9,131
  • Jun 24, 2014 9:08am Jun 24, 2014 9:08am
Mr. Pip, I have read tons of materials and skimmed through the whole of this thread, I have been lurking for a very long time. I thought of taking part here. EURUSD was really awesome. Thanks.

I would like to check with you if this is a legit Bat pattern on the GBPUSD. Thanks again.

http://i.imgur.com/4YZ4iif.png
I follow only one person and his strategies...
  • #9,132
  • Jun 24, 2014 9:16am Jun 24, 2014 9:16am
Quoting chotabheem
Mr. Pip, I have read tons of materials and skimmed through the whole of this thread, I have been lurking for a very long time. I thought of taking part here. EURUSD was really awesome. Thanks. I would like to check with you if this is a legit Bat pattern on the GBPUSD. Thanks again. {image}
This is not a Bat pattern per the rule I use your first correction did not achieve a min 50%.

that is not to say that we do not have a good possible long coming up on the cable. You see this is why since the beginning I said not to focus on the patterns but to focus on what the chart is telling you. Just because there is not a pattern doesn't mean there is not a good trading opportunity.

Let me ask this out loud why would I consider a long in the cable around 1.6950 and the answer is not the round number(but it does add confluence ).
If you fail to plan, you plan to fail.
  • #9,133
  • Jun 24, 2014 9:33am Jun 24, 2014 9:33am
Well Traders I am looking for longs on the cable around 1.6950 - 1.6940 with a profit target at 1.7000 - 1.7010 farther targets could see 1.7048 1.7060 and even beyond for the position traders with a possible ABCD to the upside.

This is another call does any one want to take a stab at why. Please provide an analysis. don't be lazy and say it's the golden zone or the round number. We are market professionals and we have clear reasons. Build your case!
If you fail to plan, you plan to fail.
  • #9,134
  • Jun 24, 2014 9:35am Jun 24, 2014 9:35am
Quoting pampaq
{quote} We arrived, I apologize for so many graphics, but I think that is the way to follow the sequence of decision making. Thank, once again, to Mr Pip, who has taught us all the good that I operate. Errors and uncertainties, are mine alone. A good day. Leverage, high, is to participate in a tournament. regards {image}
Well done! Way to manage your trade!
If you fail to plan, you plan to fail.
  • #9,135
  • Jun 24, 2014 9:41am Jun 24, 2014 9:41am
Quoting Mr. Pip
{quote} This is not a Bat pattern per the rule I use your first correction did not achieve a min 50%. that is not to say that we do not have a good possible long coming up on the cable. You see this is why since the beginning I said not to focus on the patterns but to focus on what the chart is telling you. Just because there is not a pattern doesn't mean there is not a good trading opportunity. Let me ask this out loud why would I consider a long in the cable around 1.6950 and the answer is not the round number(but it does add confluence ).
Hi Mr. Pip,
Attached Image (click to enlarge)
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The world you desire can be won. It exists.. it is real.. it is possible..
  • #9,136
  • Jun 24, 2014 9:46am Jun 24, 2014 9:46am
For those of you who like high volatility a friend of mine nicknamed this pair Frankenstein the GBPNZD will soon complete a Gartley as well. It does have a significant resistance level to pass through 1.9560. From an expectation point of view we do expect the NSH and this Gartley to complete.

That level has been really tough for the bulls to rally past and on the way back down may provide support so on your toes. This is not a perfect looking pattern because the ABCD which technically completes the pattern falls short of the 78.6 of the XA leg but non the less a nice opportunity if price and find the will to get there.
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPNZD (233 Tick) 6_24_2014.jpg Size: 174 KB
If you fail to plan, you plan to fail.
  • #9,137
  • Jun 24, 2014 9:48am Jun 24, 2014 9:48am
Quoting Mr. Scott
{quote} Hi Mr. Pip, {image}
Nice work Mr. Scott can you tell me more. I wish I could get some more participation here.
If you fail to plan, you plan to fail.
  • #9,138
  • Jun 24, 2014 9:50am Jun 24, 2014 9:50am
Hello D

This is my assessment. You have the 78.6 of the main swing, you also have the 127-138 extension of the current swing, and the structure.
Attached Image (click to enlarge)
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  • #9,139
  • Jun 24, 2014 9:50am Jun 24, 2014 9:50am
Quoting Mr. Pip
Well Traders I am looking for longs on the cable around 1.6950 - 1.6940 with a profit target at 1.7000 - 1.7010 farther targets could see 1.7048 1.7060 and even beyond for the position traders with a possible ABCD to the upside. This is another call does any one want to take a stab at why. Please provide an analysis. don't be lazy and say it's the golden zone or the round number. We are market professionals and we have clear reasons. Build your case!

Looks like I'm late to the party.

http://icmarkets.ctrader.com/images/screens/nmfnn.png
  • #9,140
  • Jun 24, 2014 9:53am Jun 24, 2014 9:53am
Quoting Aj1
Hello D This is my assessment. You have the 78.6 of the main swing, you also have the 127-138 extension of the current swing, and the structure. {image}
Very nice AJ and a nice 1:1 or AB=CD completion point. Lots of things coming together equals high probability.
If you fail to plan, you plan to fail.
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