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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

  • #9,221
  • Jun 26, 2014 2:46pm Jun 26, 2014 2:46pm
Quoting GiovanniV
{quote} Can you explain this concept with other examples?
Not sure what you mean but even if price slows down and gets choppy you can still see who has strength over weakness and if that is in line with your expectation then nothing need to a changed.
If you fail to plan, you plan to fail.
  • #9,222
  • Jun 26, 2014 2:48pm Jun 26, 2014 2:48pm
Quoting GiovanniV
HI all, AUDUSD C in supply zone What do you think? {image} Alternative scenario {image}

Very nice setup!
If you fail to plan, you plan to fail.
  • #9,223
  • Jun 26, 2014 3:00pm Jun 26, 2014 3:00pm
Quoting GiovanniV
Mr.Pip, I have some questions for you that for me are very important. 1. Which is the first thing you do when you turn on the monitor in the morning? 2. How many hours do you work and when you take a break? 3. Which are the questions you ask yourself in front of a chart? 4. When you're in front of a graph, which are in order of importance to analyze things (trends, patterns, etc.)? 5. Well as the rules of the patterns that you have given us, there are others that you use for yourself? 6. Which are your rules for aggressive order on C?
Quote
1. Which is the first thing you do when you turn on the monitor in the morning?

Open Ninja Trader

Quote
2. How many hours do you work and when you take a break?

I work from 8 AM till about Noon Eastern Time (New York) sometimes a later if I'm stuck in a trade.

Quote
3. Which are the questions you ask yourself in front of a chart?

Zoom out and look at structure analysis, order flow analysis and possible patterns. Then I locate the main swing. Basically who is in control at the moment.

Quote
4. When you're in front of a graph, which are in order of importance to analyze things (trends, patterns, etc.)?

The order is not important so long as what is important to you and your process is addressed. This is more personal to you and your particular process. It may be easier for you to do it in a different order then me.

Quote
5. Well as the rules of the patterns that you have given us, there are others that you use for yourself? 6. Which are your rules for aggressive order on C?

I would never give you something that is different from what I do and the aggressive C rules have been posted please go to the attachments
If you fail to plan, you plan to fail.
  • #9,224
  • Jun 26, 2014 3:02pm Jun 26, 2014 3:02pm
Quoting nixie20
{quote} I have been happy to follow this thread in the background, its been a very long time since i posted for a multitude of reasons. Discovering Harmonics thanks to this thread has been the missing piece to my style of trading, am very much a technical trader. i do hope Mr Pip continues this thread. To show my support, here is one of my trades. Its taken me ages to work this out so please bare with me, I hope its clear from the picture, this is a Gbp.Jpy trade based on the 4hr time frame, entry is based on the completion of an ab=cd pattern....
Awesome, thanks for posting they look great!
If you fail to plan, you plan to fail.
  • #9,225
  • Jun 26, 2014 3:48pm Jun 26, 2014 3:48pm
Quoting nixie20
{quote} I have been happy to follow this thread in the background, its been a very long time since i posted for a multitude of reasons. Discovering Harmonics thanks to this thread has been the missing piece to my style of trading, am very much a technical trader. i do hope Mr Pip continues this thread. To show my support, here is one of my trades. Its taken me ages to work this out so please bare with me, I hope its clear from the picture, this is a Gbp.Jpy trade based on the 4hr time frame, entry is based on the completion of an ab=cd pattern....
Nice trade. 97 pip. cha-ching, I would be pretty happy with that
  • #9,226
  • Jun 26, 2014 4:41pm Jun 26, 2014 4:41pm
Hello Mr Pip and all...

Lovely thread and great work here. I am a veteran when it comes to trading but a complete noob when it comes to Harmonic's. I recently read the book The Gartley Trading Method by Ross Beck and have been studying other documents related to and expanding on what I read in Ross's book.

I was flipping through the charts and ended up on EURAUD 5 min chart and I saw what appears to be a picture perfect Gartley? Looks like a wonderful confluence of levels for a sell around 4500. Put on a blue rectangle at the selling zone. 78.6 of the X/A leg, 100% FE of leg A/B and the 127.2 / 138.2 of the A/B leg form a zone around the other 2 level perfectly. Looks like a perfect point for D to form. Also C formed nicely at a 61.8 retrace of A/B. Looks like it meets all the requirements.

Thoughts? Am I close on this or way off.

Thanks for everyone's time.

Attached Image (click to enlarge)
Click to Enlarge Name: euraudprimem5.png Size: 93 KB
Today's zone = Tomorrow's opportunity!
  • #9,227
  • Jun 26, 2014 5:21pm Jun 26, 2014 5:21pm
nice chart......................................
  • #9,228
  • Jun 26, 2014 5:44pm Jun 26, 2014 5:44pm
Quoting pres78
Hello Mr Pip and all... Lovely thread and great work here. I am a veteran when it comes to trading but a complete noob when it comes to Harmonic's. I recently read the book The Gartley Trading Method by Ross Beck and have been studying other documents related to and expanding on what I read in Ross's book. I was flipping through the charts and ended up on EURAUD 5 min chart and I saw what appears to be a picture perfect Gartley? Looks like a wonderful confluence of levels for a sell around 4500. Put on a blue rectangle at the selling zone. 78.6...
It's very nice I'm a bit concerned about order flow breaking down you might be looking at an ABCD south it's a very bearish market and the bulls are already struggling. But very nice opp if price makes it up there. I knoe AB leg fell short of the 61.8 but only by 2 pips. I would take it a a hit.
Attached Image (click to enlarge)
Click to Enlarge Name: $EURAUD (233 Tick) 6_26_2014.jpg Size: 145 KB
If you fail to plan, you plan to fail.
  • #9,229
  • Jun 27, 2014 2:53am Jun 27, 2014 2:53am
Quoting Mack2013
{quote} Nice trade. 97 pip. cha-ching, I would be pretty happy with that

Lol.. so am i but greed is good! so holding on for a further drop...
  • #9,230
  • Jun 27, 2014 4:03am Jun 27, 2014 4:03am
Hi Mr. Pip,

First of all, I want to thank you so much for all the contributions and lessons that you have given to FF members. I discovered this thread a few weeks ago and found that your trading method really fits my style (as I'm a big fan of Fibo ratios too ). I have been trying to read all your posts from the first page and thanks to your crystal clear explanation, I have been able to grasp the identification of the various patterns.

One thing that I'm trying to improve on is the concept of "order flow". I realized you mentioned repeatedly to trade in the direction of the order flow. So i have watched your video here http://www.youtube.com/watch?v=u8eGrIvlCBQ and currently I am trying to incorporate order flow into my trading. I have a few questions that I would like to ask you:

1. On which time frame do you perform the order flow analysis and how do you incorporate order flow into trading harmonic patterns?

I have given the above question some thoughts and my plan is as follow. As I trade with mainly H1 and M15 chart, I would perform order flow analysis on H4 chart. If I see a very bearish order flow on a H4 chart (with great momentum and projections), I would go to M15/H1 chart to spot the correction of the downtrend and look to enter only in the short direction (based on ABCD or other patterns). In essence, I would perform the order flow analysis on a higher TF and look for patterns in a shorter TF. Would this idea be viable?

2. I find that many concepts are compressed into the order flow video in such a short duration and I would like to find out more about order flow. May you kindly recommend to me other resources where I can learn more about identifying order flow?

Thank you so much and have a great weekend ahead!

Best regards,

messi38
  • #9,231
  • Jun 27, 2014 4:36am Jun 27, 2014 4:36am
Possible scenario butterfly?
ABCD
trend line long term
50% retracement
support flip 1.3604

http://i1243.photobucket.com/albums/...psf85f6a55.jpg

http://i1243.photobucket.com/albums/...ps9d18bdb7.jpg
  • #9,232
  • Jun 27, 2014 5:09am Jun 27, 2014 5:09am
Mr.Pip,
Possible scenario AUDUSD butterfly?
http://i1243.photobucket.com/albums/...psadaf3b7a.jpg
  • #9,233
  • Edited 7:00am Jun 27, 2014 5:19am | Edited 7:00am
Good morning everybody,

I got a really nice 1 to 1 on my radar this morning lots of confluence. Price looks to be a be range bound between 1.7020 &1.7030, so i'm not certain if price will make it there

GBPUSD
the 1 to 1 or Ab=CD completes at the RN 1.7000
- Solid Structure
- 61.8 retrace of main swing
- 161.8 Ext. of AB (sorry, correction 138.6)
- 161.8 Ext. of CB

As I was writing this, price turned back into the range, its still valid but again i'm not sure if price will get there. I'm uncertain which way price will breakout.

Update: I'm not really sure why, But I'm expecting a zig zag out of the consolidation area. Price will Breakout one way and turn and go the other.

http://icmarkets.ctrader.com/images/screens/gv5wn.png
  • #9,234
  • Jun 27, 2014 6:06am Jun 27, 2014 6:06am
Quoting GiovanniV
Possible scenario butterfly? ABCD trend line long term 50% retracement support flip 1.3604 {image} {image}
It looks like your EURUSD seems to be respecting that bottom trend line on the first chart. Did you have a reason to get in?
  • #9,235
  • Jun 27, 2014 6:28am Jun 27, 2014 6:28am
Quoting Mack2013
{quote} It looks like your EURUSD seems to be respecting that bottom trend line on the first chart. Did you have a reason to get in?
I did not enter Mack.
Friday I can stand in front of the charts by only 13 to 16 hours
  • #9,236
  • Jun 27, 2014 6:29am Jun 27, 2014 6:29am
Quoting messi38
Hi Mr. Pip, First of all, I want to thank you so much for all the contributions and lessons that you have given to FF members. I discovered this thread a few weeks ago and found that your trading method really fits my style (as I'm a big fan of Fibo ratios too ). I have been trying to read all your posts from the first page and thanks to your crystal clear explanation, I have been able to grasp the identification of the various patterns. One thing that I'm trying to improve on is the concept of "order flow". I realized you mentioned repeatedly...
I do it all on the same TF, I zoom out and in to see what I need to see. There is no need to bounce around the the order flow on the larger TF may be different from the order flow on the smaller. Stick to your trading TF and master that order flow.

Watch the video over and over and the best way is to practice with charts. Post them and we will help.
If you fail to plan, you plan to fail.
  • #9,237
  • Jun 27, 2014 6:30am Jun 27, 2014 6:30am
Quoting Mack2013
Good morning everybody, I got a really nice 1 to 1 on my radar this morning lots of confluence. Price looks to be a be range bound between 1.7020 &1.7030, so i'm not certain if price will make it there GBPUSD the 1 to 1 or Ab=CD completes at the RN 1.7000 - Solid Structure - 61.8 retrace of main swing - 161.8 Ext. of AB - 161.8 Ext. of CB As I was writing this, price turned back into the range, its still valid but again i'm not sure if price will get there. I'm uncertain which way price will breakout. Update: I'm not really sure why, But I'm expecting...
My GBPUSD
http://i1243.photobucket.com/albums/...psd1e0cb36.jpg
  • #9,238
  • Jun 27, 2014 6:33am Jun 27, 2014 6:33am
Quoting GiovanniV
Possible scenario butterfly? ABCD trend line long term 50% retracement support flip 1.3604 {image} {image}
Hello, I also see that scenario, this butterfly is valid? Greetings.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusdh1butterfly.png Size: 44 KB
Click to Enlarge Name: eurusdh1pintado.png Size: 38 KB
  • #9,239
  • Jun 27, 2014 6:36am Jun 27, 2014 6:36am
Quoting Mack2013
Good morning everybody, I got a really nice 1 to 1 on my radar this morning lots of confluence. Price looks to be a be range bound between 1.7020 &1.7030, so i'm not certain if price will make it there GBPUSD the 1 to 1 or Ab=CD completes at the RN 1.7000 - Solid Structure - 61.8 retrace of main swing - 161.8 Ext. of AB - 161.8 Ext. of CB As I was writing this, price turned back into the range, its still valid but again i'm not sure if price will get there. I'm uncertain which way price will breakout. Update: I'm not really sure why, But I'm expecting...
Yes Fridays suck and we might see at least a retest of the 1.7050 but there is great weakness on both sides so anything could happen. Expectation is a NSH but the breakdown in the bulls may change that driving price lower.
If you fail to plan, you plan to fail.
  • #9,240
  • Jun 27, 2014 6:37am Jun 27, 2014 6:37am
Quoting GiovanniV
{quote} I did not enter Mack. Friday I can stand in front of the charts by only 13 to 16 hours
Wow marathon man
If you fail to plan, you plan to fail.
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