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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

  • #9,721
  • Jul 21, 2014 10:43am Jul 21, 2014 10:43am
been a slow day. almost as boring as watching paint dry

NSH possible U$JP?? or bounce down (yellow). Any one got ideas?

Gaza is under intense shelling. how will it effect the U$?? UP/DOWN?
Attached Image (click to enlarge)
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  • #9,722
  • Jul 21, 2014 11:20am Jul 21, 2014 11:20am
Hello Traders,

This is a raggedy looking possible Gartley or a possible ABCD. Although the ratios still are in line with a Gartley I would have reservation about qualifying the pattern. As Harmonic traders we look for symmetry within the patterns we trade. In this particular possible Gartley The 127 ext is right at X and the ABCD completes beyond X. This would be more of a structure confluence trade rather then the pattern as it's integrity is real weak. Non the less it is a good opportunity and I wanted you to see an example of a weak pattern and what it looks like.
Attached Image (click to enlarge)
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If you fail to plan, you plan to fail.
  • #9,723
  • Jul 21, 2014 11:23am Jul 21, 2014 11:23am
This is a better looking one however it still not a prime setup as X is not off of a clear high.
Attached Image (click to enlarge)
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If you fail to plan, you plan to fail.
  • #9,724
  • Jul 21, 2014 12:25pm Jul 21, 2014 12:25pm
thanks Mr.Pip,
I think the loking the not quality patterns is a great way to learn to stay out of the market
  • #9,725
  • Jul 21, 2014 12:44pm Jul 21, 2014 12:44pm
EURUSD
ABCD
Confluence

  1. trend line long term bullish
  2. 127.2 - 138.2
  3. strongo support and demand zone


http://i1243.photobucket.com/albums/...ps5c7bdbe8.jpg
http://i1243.photobucket.com/albums/...psa79f92b7.jpg

  • #9,726
  • Jul 21, 2014 1:16pm Jul 21, 2014 1:16pm
Quoting FineForex
{quote} welcome robuk just know there is no substitute for reading the whole thread. i would also search DCASTFX in youtube and watch all those videos then its a bunch of chart time. good luck
Thanks for the advice , I seemed to get the gist of the patterns easy enough , although not claiming to be an expert by any means of course , but struggling to really understand 'order flow ' , hopefully I'll get there , I'll keep plugging away .
  • #9,727
  • Jul 21, 2014 1:22pm Jul 21, 2014 1:22pm
GOLD

gartley bearish BIG structure
gartley byllish SMALL structure
http://i1243.photobucket.com/albums/...ps02852a1c.jpg
http://i1243.photobucket.com/albums/...ps3e4a4a1f.jpg
  • #9,728
  • Jul 21, 2014 1:46pm Jul 21, 2014 1:46pm
Quoting TheScorpS
{quote} yes robuck makes sense to me, I do that all the time, look for higher time frame harmonic moves and take them inside H1 GJ update, stopped out , so closing the day with +5 pips, looking to trade tomorrow By the way, have you heard about Mr.Pip order flow webinar coming soon? That would be interesting
I will look out for details of Mr Pips webinar, thanks for that info.
Looks like G/J turning around now , could be good tomorrow .
  • #9,729
  • Jul 21, 2014 3:00pm Jul 21, 2014 3:00pm
Quoting Mr. Pip
Hello Traders, This is a raggedy looking possible Gartley or a possible ABCD. Although the ratios still are in line with a Gartley I would have reservation about qualifying the pattern. As Harmonic traders we look for symmetry within the patterns we trade. In this particular possible Gartley The 127 ext is right at X and the ABCD completes beyond X. This would be more of a structure confluence trade rather then the pattern as it's integrity is real weak. Non the less it is a good opportunity and I wanted you to see an example of a weak pattern and...
Hello Mr Pips. How do you apply order flow in this potencial trade?
  • #9,730
  • Jul 21, 2014 4:10pm Jul 21, 2014 4:10pm
Quoting pampaq
{quote} In OPEN zone, a reaction is possible here, so take profits and adjust SL, then TP DZ once there must analyze strengths and weaknesses, to see if we reach the PZR In TF higher, we expect a price rise. regards {image}
Hoping to break, the opening price, if not, we must leave
regards
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  • #9,731
  • Jul 21, 2014 5:29pm Jul 21, 2014 5:29pm
Quoting pampaq
{quote} Hoping to break, the opening price, if not, we must leave regards {image}
Dating 16 +, less spread
Too slow in the open.
Greetings.
  • #9,732
  • Jul 21, 2014 6:04pm Jul 21, 2014 6:04pm
Quoting GiovanniV
GOLD gartley bearish BIG structure gartley byllish SMALL structure {image} {image}
Yes theres a lot going on harmonically with gold atm , great isnt it

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Never said I was Batman,all I'm saying is you'll never see us together.
  • #9,733
  • Edited 10:00pm Jul 21, 2014 6:14pm | Edited 10:00pm
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Never said I was Batman,all I'm saying is you'll never see us together.
  • #9,734
  • Jul 21, 2014 9:24pm Jul 21, 2014 9:24pm
USDJPY M5

Perspective:-
The pair has been trading with wild swings forming what is close to a gartley.
The exhaustion point for this proposed gartley is wait below 88.6 and almost close to X.
Considering the ABCD at the end of the final leg, one can short at the 101.55 levels.
We have structures right ahead, suggesting a supply zone which can give price a turn.
The PRZ for the structure, with regard to the gartley also falls at 101.55, but is a tad bit close to X.
Worrying factor., What we have now is a NSH, comparing it to the recent low of 101.077.

Suggestion :-
Pair approaching an ABCD ending and a bad gartley at 101.55.
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I follow only one person and his strategies...
  • #9,735
  • Jul 21, 2014 10:08pm Jul 21, 2014 10:08pm
Closed a trade for nice pips after one to one was hit.

Regards,

Hans
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"The future is already written in the past"
  • #9,736
  • Jul 21, 2014 11:27pm Jul 21, 2014 11:27pm
USDJPY M5 update,

Price has reached the completion of the ABCD and the Gartley as well.

Levels :-

Sell Entry :- 101.505
Stop Loss :- 101.663
TP1 38.2%AD :- 101.374
TP2 61.8%AD :- 101.260
RR :- 0.158/0.245

Call considered triggered only below 101.505 which has a HL in the M1.

Attached Image (click to enlarge)
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I follow only one person and his strategies...
  • #9,737
  • Jul 22, 2014 3:05am Jul 22, 2014 3:05am
XAUUSD M15

I see a Gartley(yellow) and an ABCD(Green) at present.

ABCD(DarkOrange) from 1344.40 to 1292 low, the formation of C leg is in progress.

ABCD(blue) at it's agro C level at the current levels and this is taking support at the demand zone, which is the 61.8% of the main swing.

In the the H4 the main swing has retraced only upto 50% level which is the 1292 low.

Coming back to M15, Since the HH at the left of the proposed gartley formation has been taken out long back with a NSH, and we are taking strong demand at the current levels, I propose a long above the previous LH in the M1, which is 1308.70. (Which might or might not happen).

If indeed the price takes out the low of 1305 demand zone, we might see the price dipping till the next demand zone and the completion point for the ABCD which is the 1298.5 levels. (and also the ending point of artley).

Attached Image (click to enlarge)
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I follow only one person and his strategies...
  • #9,738
  • Jul 22, 2014 3:28am Jul 22, 2014 3:28am
Quoting chotabheem
USDJPY M5 update, Price has reached the completion of the ABCD and the Gartley as well. Levels :- Sell Entry :- 101.505 Stop Loss :- 101.663 TP1 38.2%AD :- 101.374 TP2 61.8%AD :- 101.260 RR :- 0.158/0.245 Call considered triggered only below 101.505 which has a HL in the M1. {image}
hi Chotabheem, nice trade this I think. I am in but trading off 15M and 1H. lets hope it treats us good
choose a job you love and you will never have to work a day in your life
  • #9,739
  • Jul 22, 2014 3:34am Jul 22, 2014 3:34am
Quoting ewgcorp
{quote} hi Chotabheem, nice trade this I think. I am in but trading off 15M and 1H. lets hope it treats us good
yeah let us see where it takes us. Price is near the highs though.
I follow only one person and his strategies...
  • #9,740
  • Jul 22, 2014 4:38am Jul 22, 2014 4:38am
usdjpy
possible BAT or ABCD
http://i1243.photobucket.com/albums/...psa0fe67c0.jpg
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