Ratios & Harmonics: a Different Way to Trade

Quoting pres78

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{quote} 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? {image}

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Quoting DizzleFX

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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...

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Quoting pres78

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Waiting for my family to get ready to go out and enjoy the beautiful sunny Saturday that we have finally been blessed with after what has felt like weeks of clouds and rain. Just playing around a bit with what I am slowly learning about this method of forecasting the market. Attached 1 hour EURAUD chart shows what I see as a possible scenario for next week. Not sure if my white box / black letter X-A-B-C-D is invalidated by the deeper retrace that would be needed for point C to hit a point where it places point D FE of A-B near the 78.6 of X-A....

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Quoting GiovanniV

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mmm I'm confused Long and short term is bullish Price a the strong supply I would have liked to see the PRZ to the strong demand {image} {image} Alternative scenario? {image}

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Quoting Mr. Pip

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{quote} Looks decent but your expectations are way out in time. Remember not to hold price to your expectation. Make adjustments when needed and don't be stubborn about that. Look for breakdown that supports or denies your expectation and adjust your reversal zones. there is no need to wait until a pattern completes to take action and profit. Let price come to you and confirm your PRZs with supportive order flow and bar by bar or whatever you use to confirm a reversal signal. {image}

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Quoting Mr. Pip

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{quote} It is always best to measure off the clearest low/high that way you don't find yourself forcing patterns into price action. I would not use this kind of PRZ because it is not part of any of my rules set and I have not tested this to know of its performance. What I can tell you is that I do not come across situations like this because I use clear lows and high and let the order flow develop the pattern not the other way around.

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Quoting Mr. Pip

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{quote} Looks decent but your expectations are way out in time. Remember not to hold price to your expectation. Make adjustments when needed and don't be stubborn about that. Look for breakdown that supports or denies your expectation and adjust your reversal zones. there is no need to wait until a pattern completes to take action and profit. Let price come to you and confirm your PRZs with supportive order flow and bar by bar or whatever you use to confirm a reversal signal. {image}

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Quoting Mr. Pip

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Well looks like some reading but no interest in learning and posting. I can't twist your arms there is a couple of you that contribute and that's about it. I threw out there 4 live calls with 4 wins and thought that it would spark a fire. I guess it's harder to ask traders to think these days and very little people are actually interesting in the power of learning to read the chart properly. Am I wasting my time?????? I definitely have other thing I can be doing....

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Quoting Aj1

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{quote} Mr Pip I can only speak for myself. I have said it before I really appreciate what your trying to here. And with you being a full-time trader too, taking time out for us, and your teachings have helped me greatly. You said in the beginning of the thread this is an advance form of trading, and that's exactly what it is, Advance, well for me anyway. Mr Pip, I can tell you, without talking rubbish, when I am off work, I am looking at my charts 10-12 hrs a day, trying to understand and comprehend what I should be looking for price action, Harmonic...

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Quoting hansma

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Having seen Mr. Pip´s Order Flow video - which is awesome. I have the following questions after giving it a try. 1. Have I drawn the Projection lines ( green ) and the momemtum lines ( blue ) in the right place ? 2. If the projection lines are getting smaller but the momemtum lines stay in the same angle although getting smaller in lenght also - does it mean that price is running out of steam and might reverse ? I am very eager to learn this kind of trading, and I appreciate any kind of feedback. Thanks Hans {image}

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Quoting Mr. Pip

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{quote} Looks decent but your expectations are way out in time. Remember not to hold price to your expectation. Make adjustments when needed and don't be stubborn about that. Look for breakdown that supports or denies your expectation and adjust your reversal zones. there is no need to wait until a pattern completes to take action and profit. Let price come to you and confirm your PRZs with supportive order flow and bar by bar or whatever you use to confirm a reversal signal. {image}

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Quoting kumaramy

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{quote} Agree with that up move up to 1.4524. @1.4514 I will wait for PA confirmation. {image}

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Quoting Mr. Pip

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{quote} Very good and thank you. This may help look at it like this there are three components that show strength in order flow they are momentum, projection and depth. The decline in strength usually occurs first with weakening momentum followed by decreased projection and lastly depth. There is no hard rule that says it has to occur in that order and any weakening in any of the three components of order flow suggest weakening. Two out of the three means further decay of strength and three out of three means a change in trend of a meaningful correction...

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Quoting Aj1

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{quote} Mr Pip I can ask, what or should I say when, do you consider a trend has changed. When do you consider a ordeflow rotation. Aj1

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