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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

  • #9,241
  • Jun 27, 2014 8:44am Jun 27, 2014 8:44am
Quoting pampaq
{quote} Hello, I also see that scenario, this butterfly is valid? Greetings. {image} {image}
I have a very hard time seeing things on your chart it very busy but here is the poss Butterfly
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD (233 Tick) 6_27_2014.jpg Size: 169 KB
If you fail to plan, you plan to fail.
  • #9,242
  • Jun 27, 2014 8:55am Jun 27, 2014 8:55am
Quoting Mr. Pip
{quote} Wow marathon man
ahahahahhaah no, no Mr.Pip,
I meant from 13pm to 16pm

sorry for my english
  • #9,243
  • Jun 27, 2014 9:02am Jun 27, 2014 9:02am
Quoting Mr. Pip
{quote} I have a very hard time seeing things on your chart it very busy but here is the poss Butterfly {image}
Ok, Mr. Pip, thank you very much, please, could you provide to us, classes on entries in the trade?. It would be great to have those lessons, a trader like you. Thanks again
  • #9,244
  • Jun 27, 2014 9:06am Jun 27, 2014 9:06am
Quoting Mr. Pip
{quote} I have a very hard time seeing things on your chart it very busy but here is the poss Butterfly {image}
nice confluence there at the 1.36700...
  • #9,245
  • Jun 27, 2014 9:13am Jun 27, 2014 9:13am
other expectation, this time, gold
see, Greetings
Attached Image(s) (click to enlarge)
Click to Enlarge Name: xauusdm30butterfly.png Size: 43 KB
Click to Enlarge Name: xauusdm30buutt.png Size: 38 KB
  • #9,246
  • Jun 27, 2014 9:19am Jun 27, 2014 9:19am
Possible ABCD pattern completion into a nice structure on the left. Also BC confluence.

Regards.

Hans
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpyh1.png Size: 65 KB
"The future is already written in the past"
  • #9,247
  • Edited 10:26am Jun 27, 2014 9:52am | Edited 10:26am
GBPUSD Update

Price broke out to the downside andd made a weak pullback to structure (where it broke out). Took an aggresive C trade down with order flow. The 1 to 1 on this agg c also supports my early 1 to 1 thesis completion at 1.70

Update: stops at breakeven now
Updat 2: scatched/ stopped out at B/E + spread & comm

http://icmarkets.ctrader.com/images/screens/q25wn.png
  • #9,248
  • Edited 11:16am Jun 27, 2014 11:02am | Edited 11:16am
Well, theres a gartley with nice confluence at the 1.7025. Theres a couple of issues tho.

1) The pattern is small. First target is 7 pips away. stop are about 8.
2) I dont really like that it would put price back in the range it was early. I might pass on this...
3) The B point doesn't close above 61.8 either. its pretty close.

I dont really expect it to complete anyway. I'm expecting price to be reject at 1.702 and head south. Price is slowly pushing down but there is both weakness in the bears and bulls. Current up swing looks very weak.

I apologise if i'm polluting the thread.

http://icmarkets.ctrader.com/images/screens/r35wn.png
  • #9,249
  • Jun 27, 2014 11:31am Jun 27, 2014 11:31am
Quoting Mack2013
Well, theres a gartley with nice confluence at the 1.7025. Theres a couple of issues tho. 1) The pattern is small. First target is 7 pips away. stop are about 8. 2) I dont really like that it would put price back in the range it was early. I might pass on this... 3) The B point doesn't close above 61.8 either. its pretty close. I dont really expect it to complete anyway. I'm expecting price to be reject at 1.702 and head south. Price is slowly pushing down but there is both weakness in the bears and bulls. Current up swing looks very weak. I apologise...
Not at all, no pollution.
If you fail to plan, you plan to fail.
  • #9,250
  • Jun 27, 2014 11:34am Jun 27, 2014 11:34am
Quoting hansma
Possible ABCD pattern completion into a nice structure on the left. Also BC confluence. Regards. Hans {image}
The structure to the left is not very nice. Price had little respect for it. Momentum on CD is less so that at least is going for you.
Be careful structure there is not as strong as you might think. Watch price closely in the PRZ and manage your trade aggressively.
If you fail to plan, you plan to fail.
  • #9,251
  • Jun 27, 2014 11:35am Jun 27, 2014 11:35am
Quoting pampaq
{quote} Ok, Mr. Pip, thank you very much, please, could you provide to us, classes on entries in the trade?. It would be great to have those lessons, a trader like you. Thanks again
Ok I will work on this and put something together. I had already done this in the past but a refresher is always a good idea.
If you fail to plan, you plan to fail.
  • #9,252
  • Jun 27, 2014 11:36am Jun 27, 2014 11:36am
Quoting GiovanniV
{quote} ahahahahhaah no, no Mr.Pip, I meant from 13pm to 16pm sorry for my english
If you fail to plan, you plan to fail.
  • #9,253
  • Jun 27, 2014 11:55am Jun 27, 2014 11:55am
Quoting Mr. Pip
{quote} Ok I will work on this and put something together. I had already done this in the past but a refresher is always a good idea.
thank you very much, it is good for me to learn from the greats.
Greetings.
added, entry in the EURUSD
Attached Image (click to enlarge)
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  • #9,254
  • Jun 27, 2014 11:59am Jun 27, 2014 11:59am
Quoting pampaq
{quote} thank you very much, it is good for me to learn from the greats. Greetings. added, entry in the EURUSD {image}
In YH area and pivot bullish, ie, high resistance, if breaks go to the TP.
regards
  • #9,255
  • Jun 27, 2014 12:33pm Jun 27, 2014 12:33pm
Quoting pampaq
{quote} In YH area and pivot bullish, ie, high resistance, if breaks go to the TP. regards
In zone decisions, pivot high, expectation, break it up.
Attached Image (click to enlarge)
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  • #9,256
  • Jun 27, 2014 1:12pm Jun 27, 2014 1:12pm
Quoting pampaq
{quote} In zone decisions, pivot high, expectation, break it up. {image}
adjusting SL and TP
regards
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm5seguimos.png Size: 35 KB
  • #9,257
  • Jun 27, 2014 6:08pm Jun 27, 2014 6:08pm
Quoting Mr. Pip
{quote} 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. {image}
Hello Mr Pip,

Thanks for the response. I have a question about the attached chart. 1 hour chart do I need to mark all the way to the lower low seen to the left? Based on how I have it marked we exceeded the 78.6 but hit the 100 FE of the A-B leg perfectly. If we have a case like the attached where the B-C only retraces 38.2 of the A-B and the FE is lower than the 78.6 would you use the space between the FE and the 78.6 as your zone for a buy?

Attached Image (click to enlarge)
Click to Enlarge Name: euraudprimeh1.png Size: 111 KB
Today's zone = Tomorrow's opportunity!
  • #9,258
  • Jun 28, 2014 1:59am Jun 28, 2014 1:59am
I was reviewing Mr. Pips Order Flow video and thought that I would try to break down one of my charts to see if I could recognize the order flow. If you have seen the video, my picture below looks very similar to Mr. Pips chart on the video. Slightly different, but the concept is the same. On my chart momentum from leg AB and leg CD is about the same but you can see the decrease in momentum on leg 12 signaling a possible end to the trend and sure enough, it made a NSH. Its almost scary how close this resembles Mr. Pips chart on the video. Now I have to learn how to implement this into my trading.

Edit: Added Mr. Pips Order Flow video
http://youtu.be/u8eGrIvlCBQ
Attached Image (click to enlarge)
Click to Enlarge Name: orderflow.png Size: 78 KB
Damn The Torpedoes, Full Speed Ahead!
  • #9,259
  • Jun 28, 2014 4:04am Jun 28, 2014 4:04am
Quoting DizzleFX
I was reviewing Mr. Pips Order Flow video and thought that I would try to break down one of my charts to see if I could recognize the order flow. If you have seen the video, my picture below looks very similar to Mr. Pips chart on the video. Slightly different, but the concept is the same. On my chart momentum from leg AB and leg CD is about the same but you can see the decrease in momentum on leg 12 signaling a possible end to the trend and sure enough, it made a NSH. Its almost scary how close this resembles Mr. Pips chart on the video. Now I...



I am also thinking go long with EUR / AUD.

Pay attention to the larger chart. We are now in the final phase of the wedge formation. Buy only when the price cross the trend line.
Attached Image (click to enlarge)
Click to Enlarge Name: EUR_AUD_6h_wedge.png Size: 102 KB
  • #9,260
  • Jun 28, 2014 7:30am Jun 28, 2014 7:30am
hI ALL TRADERS,

My plane AUDUSD next week
I expect the price to arrive at the confluence with PRZ in demand area 1,272 1,382 + long term trend line

http://i1243.photobucket.com/albums/...psfb9315c9.jpg

Alternative scenario
you create a new bullish ABCD which forms a Gartley
http://i1243.photobucket.com/albums/...psfb629f26.jpg
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