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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

  • #10,001
  • Edited 8:22am Aug 4, 2014 7:45am | Edited 8:22am
Quoting chotabheem
{quote} Still following this, observing the distance between the highs. Previous pivot low has not yet been taken out but still, recently, the distance between the higher highs have been getting smaller. Price is running into structure now (between 1.090 and 1.096). Any more views on this would be appreciated. {image}
Good morning chotabheem.

I've been practicing with Higher TF. Usually I just try to make expectations and see weather they are filled or not in the week. But this was what I was looking at for USDCAD - Daily.

Right now I think Op 1 is a little bit more probable IF we can get some bearish evidence at current levels.

Note: If price engulfs the swing high that initiated the NSL I would be think of possible order flow switch and a Higher low would confirm my thesis. If this happens Op 2 would have an Agg C with potential but thats probable 2 weeks out

USDCAD - Daily
http://icmarkets.ctrader.com/images/screens/RfJwn.png

On the Hourly

I also noticed that price has not made a sufficient Lower low for me to think reversal. the bulls seem to still have sustainable strength while the Bears are picking up strength. Once they Produce a LL then I'll be looking at a Lower high to confirm. Price does seem to be breaking down. I just need some evidence that the Bears want to win.

USDCAD - Hourly : My thoughts are on the chart
http://icmarkets.ctrader.com/images/screens/u5bwn.png
  • #10,002
  • Aug 4, 2014 7:57am Aug 4, 2014 7:57am
Hello Traders,

Glad to be back took a vacation with my family. I hope my time away was productive and profitable for everyone. I will be working on the live training event and will be posting instructions here in the next couple of days. It will be in a couple of weeks and I will give everyone plenty of notice to give you all time to see and make the adjustments you need to make on your end. Talk to you real soon and keep posting and helping each other out!!!
If you fail to plan, you plan to fail.
  • #10,003
  • Edited 8:53am Aug 4, 2014 8:35am | Edited 8:53am
Quoting Mr. Pip
Hello Traders, Glad to be back took a vacation with my family. I hope my time away was productive and profitable for everyone. I will be working on the live training event and will be posting instructions here in the next couple of days. It will be in a couple of weeks and I will give everyone plenty of notice to give you all time to see and make the adjustments you need to make on your end. Talk to you real soon and keep posting and helping each other out!!!
AWESOME... Hope you had a good time. Looking forward to the training.

Short story.... if you guys have kids and watched the Lego Movie. Welllll, my son has the "Eveything is aweomeeeee, when we work as a team" song for an alarm clock. Good message, extremely annoying song to wake up to tho. I think I might take the batteries out and replace them with dead ones...... or throw it out on garbage day

I'll practice my "I don't know what happen to it" face.

Yep... its been a slow morning for me. just waiting and confirming expectations
  • #10,004
  • Aug 4, 2014 9:21am Aug 4, 2014 9:21am
Quoting Mack2013
{quote} AWESOME... Hope you had a good time. Looking forward to the training. Short story.... if you guys have kids and watched the Lego Movie. Welllll, my son has the "Eveything is aweomeeeee, when we work as a team" song for an alarm clock. Good message, extremely annoying song to wake up to tho. I think I might take the batteries out and replace them with dead ones...... or throw it out on garbage day I'll practice my "I don't know what happen to it" face. Yep... its been a slow morning for me. just waiting and confirming expectations...
Huhuh lol , nice story, and a way with kids

Anyway am waiting for Mr.Pip webinar, thats awesome, order flow and Fibonacci is the way to go, thanks Mr.Pip and hope you have enjoyed ur holidays
I Have Learned to Take Some Losses to Make Profits
  • #10,005
  • Aug 4, 2014 9:57am Aug 4, 2014 9:57am
Quoting Mr. Pip
Hello Traders, Glad to be back took a vacation with my family. I hope my time away was productive and profitable for everyone. I will be working on the live training event and will be posting instructions here in the next couple of days. It will be in a couple of weeks and I will give everyone plenty of notice to give you all time to see and make the adjustments you need to make on your end. Talk to you real soon and keep posting and helping each other out!!!
Great news, looking forward to it.
I follow only one person and his strategies...
  • #10,006
  • Aug 4, 2014 10:03am Aug 4, 2014 10:03am
fyi: we published level 1/3 quiz about the Gartley pattern: http://quiz.tradingarsenal.com/gartley-pattern-harmonic-trading-en1
  • #10,007
  • Aug 4, 2014 10:11am Aug 4, 2014 10:11am
EJ _ H1 short was taken at around LO market open, TP reached +30

1 to 1 ABCD move completion
Attached Image (click to enlarge)
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I Have Learned to Take Some Losses to Make Profits
  • #10,008
  • Aug 4, 2014 10:34am Aug 4, 2014 10:34am
Quoting Mack2013
{quote} Good morning chotabheem. I've been practicing with Higher TF. Usually I just try to make expectations and see weather they are filled or not in the week. But this was what I was looking at for USDCAD - Daily. Right now I think Op 1 is a little bit more probable IF we can get some bearish evidence at current levels. Note: If price engulfs the swing high that initiated the NSL I would be think of possible order flow switch and a Higher low would confirm my thesis. If this happens Op 2 would have an Agg C with potential but thats probable 2...
yeah, daily chart has good momentum, and like you specified in your hourly chart, even though the dips had momentum recently the angle of the overall move is still high. Am in on a short at 1.09290 around 78.6 of the retracement from (NS)H to the previous pivot HL in M15. I will be trailing close for this one though, will get whatever is least available and scram. Thanks for your perspective.

Attached Image (click to enlarge)
Click to Enlarge Name: usdcadd.PNG Size: 30 KB
I follow only one person and his strategies...
  • #10,009
  • Aug 4, 2014 10:57am Aug 4, 2014 10:57am
Quoting chotabheem
{quote} yeah, daily chart has good momentum, and like you specified in your hourly chart, even though the dips had momentum recently the angle of the overall move is still high. Am in on a short at 1.09290 around 78.6 of the retracement from (NS)H to the previous pivot HL in M15. I will be trailing close for this one though, will get whatever is least available and scram. Thanks for your perspective. {image}
no worries. good exercise. At least price is moving in your expected direction. Good luck
  • #10,010
  • Edited 4:05pm Aug 4, 2014 12:42pm | Edited 4:05pm
EURJPY M5

in H1, with the downtrend we are observing a pullback with a vertical move to the golden ratio for the main swing.
in M5, we are looking at an ABCD at the top of a very strong bull run, and then a consolidation 137.410 to 137.84.
am still doubtful about this, as we have no structure to observe to the left, there is one at the top of the D completion point (or what I assume to be the D completion point), but we are past that with good momentum as we came down with the CD leg of the ABCD.

Attached Image (click to enlarge)
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38.2%, SL adjusted to BE

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.PNG Size: 25 KB


Exited at BE on a dip to 23.6%. Still observing where it is gonna go. Whether its gonna continue or derail...
I follow only one person and his strategies...
  • #10,011
  • Aug 4, 2014 12:51pm Aug 4, 2014 12:51pm
euraud
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH4.png Size: 52 KB
THERE IS NO SYSTEM
  • #10,012
  • Aug 4, 2014 6:29pm Aug 4, 2014 6:29pm
Quoting TheScorpS
EJ _ H1 short was taken at around LO market open, TP reached +30 1 to 1 ABCD move completion {image}
Very good, one to one and 61%, greetings.
  • #10,013
  • Aug 4, 2014 6:36pm Aug 4, 2014 6:36pm
Quoting Mr. Pip
Hello Traders, Glad to be back took a vacation with my family. I hope my time away was productive and profitable for everyone. I will be working on the live training event and will be posting instructions here in the next couple of days. It will be in a couple of weeks and I will give everyone plenty of notice to give you all time to see and make the adjustments you need to make on your end. Talk to you real soon and keep posting and helping each other out!!!
I look forward, the great possibility to learn more from you, thanks. At your service
  • #10,014
  • Aug 4, 2014 7:32pm Aug 4, 2014 7:32pm
Quoting Mr. Pip
Hello Traders, Glad to be back took a vacation with my family. I hope my time away was productive and profitable for everyone. I will be working on the live training event and will be posting instructions here in the next couple of days. It will be in a couple of weeks and I will give everyone plenty of notice to give you all time to see and make the adjustments you need to make on your end. Talk to you real soon and keep posting and helping each other out!!!
I'm totally keen on this one!

Thanks Mr Pip!

I wonder if it could be recorded? - I live in New Zealand and i'm not sure the time zone difference will be friendly to everyone.
  • #10,015
  • Aug 4, 2014 7:44pm Aug 4, 2014 7:44pm
Quoting ezikeeill
{quote} I'm totally keen on this one! Thanks Mr Pip! I wonder if it could be recorded? - I live in New Zealand and i'm not sure the time zone difference will be friendly to everyone.
I will work on that as well but the idea was for all to see it live as a recorded session although has value is not the same.
If you fail to plan, you plan to fail.
  • #10,016
  • Aug 4, 2014 11:52pm Aug 4, 2014 11:52pm
Quoting pampaq
{quote} Very good, one to one and 61%, greetings.
Thanks lot, good to hear encouragements from senior traders,
I Have Learned to Take Some Losses to Make Profits
  • #10,017
  • Aug 4, 2014 11:54pm Aug 4, 2014 11:54pm
Quoting samansadeghi
euraud {image}
Good to see that, nice one , thanks for posting

Just an article that I found interesting and wanted to share, while reading his e-book

http://www.marketwatch.com/story/using-elliott-wave-to-invest-in-mid-caps-2014-06-11

The author makes it look so simple
I Have Learned to Take Some Losses to Make Profits
  • #10,018
  • Aug 5, 2014 12:34am Aug 5, 2014 12:34am
Quoting chotabheem
EURCHF H1, Perspective :- Aggressive C buy in an ABCD. Structure below, which was supply zone is now serving as demand zone. Price moved up with good momentum as far as the main swing is concerned. Please note the two big ellipses. Move down to the golden ratio was slow and paced with low momentum. Highly visible in the M5/M15. Levels :- Entered at 1.21607 with an Agro C buy in mind. SL is at 1.21443 which is the A point. TP is at 1.21861 which is the D point. (at 50% CD, we adjust SL to BE). RR is -0.00164/0.00254.
Attached Image (click to enlarge)
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{image}...
Price at 50% of CD leg, SL adjusted to BE.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 16 KB
I follow only one person and his strategies...
  • #10,019
  • Edited 3:35am Aug 5, 2014 1:46am | Edited 3:35am
GBPUSD M15

  1. ABCD
  2. The price has climbed up from the recent NSL and has made a NSH above the previous pivot LH. This may be positive but, point 2.
  3. The angle of the pullback now is really slow and lazy and not as steep and vertical as the main swing.
  4. The price is at structure now and as long as we are not getting things from the daily charts, we are at a down trend for this swing.
  5. In the daily chart we are in an uptrend and the price is at a pullback around 78.6% of the previous swing.

Levels :-

  1. Entered into a short at 1.68646.
  2. SL is at 1.68870
  3. TP is at 1.67952

Attached Image (click to enlarge)
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price was slowly treading down to 1.68435 and then Ka-Boom, SL

Attached Image (click to enlarge)
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I follow only one person and his strategies...
  • #10,020
  • Aug 5, 2014 4:50am Aug 5, 2014 4:50am
NZDCAD M15

A possible ABCD completion at 0.93250

Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 17 KB
I follow only one person and his strategies...
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