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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

  • #10,141
  • Edited 1:51pm Aug 10, 2014 1:37pm | Edited 1:51pm
Hi Traders, Hope you have a nice weekend.

Just trying to improve my skills on the patterns during the weekend. Could this be a potential Cypher pattern in the making ?

Comments are velcome....

Thanks

Hans
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM30.png Size: 57 KB
"The future is already written in the past"
  • #10,142
  • Aug 10, 2014 4:12pm Aug 10, 2014 4:12pm
Quoting hansma
Hi Traders, Hope you have a nice weekend. Just trying to improve my skills on the patterns during the weekend. Could this be a potential Cypher pattern in the making ? Comments are velcome.... Thanks Hans {image}
Hello hansma.

No Cypher pattern. the "C" leg needs to touch the 127.2 ext of "XA". its like 5 pips away.

http://icmarkets.ctrader.com/images/screens/Zkbwn.png
  • #10,143
  • Aug 10, 2014 5:21pm Aug 10, 2014 5:21pm
Quoting Mr. Scott
{quote} Hi Davit, Do not want to clutter Mr. Pip's thread, but yes. {quote}
No clutter at all. This is our home and a place for us to post. There are many ways to skin a cat and I am a student as well. It's also nice to see Davit here postin again. Feel free to post your opinions at will.
If you fail to plan, you plan to fail.
  • #10,144
  • Aug 10, 2014 5:26pm Aug 10, 2014 5:26pm
I am remotely catching up on all the post from the question I posted. I am very pleased with the answers I am getting. I will be more descriptive when I get back to my desk and give you my opinion. Talk to you soon!
If you fail to plan, you plan to fail.
  • #10,145
  • Aug 11, 2014 1:36am Aug 11, 2014 1:36am
Hello guys , it seems that the link to the harmonic trading book is deleted alrdy, can someone post a new link ?
  • #10,146
  • Edited 3:41am Aug 11, 2014 1:38am | Edited 3:41am
EURNZD M5

abcd

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 22 KB


Update :-

  1. I have placed an entry above 1.58166, which is the previous pivot LH in M1 after price getting into the structure for the second time.
  2. Price above 1.58166, call triggered. (entry at 1.58237)

I follow only one person and his strategies...
  • #10,147
  • Aug 11, 2014 4:00am Aug 11, 2014 4:00am
Gbpusd m1

abcd

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 20 KB
I follow only one person and his strategies...
  • #10,148
  • Aug 11, 2014 10:12am Aug 11, 2014 10:12am
Quoting Mack2013
{quote} Hello hansma. No Cypher pattern. the "C" leg needs to touch the 127.2 ext of "XA". its like 5 pips away. {image}
Hi Mack - thanks for your reply.

I know that it needs to touch the 127 extension - this is what it did on my platform/broker ie why I was looking for a Cypher.

Thanks anyway

Regards,

Hans
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM30-1.png Size: 66 KB
"The future is already written in the past"
  • #10,149
  • Aug 11, 2014 10:41am Aug 11, 2014 10:41am
Hi !
First trade was on friday short entry on aud usd at 0.9276, SL Now at Be.
Second trade is today short entry ABCD on cad yen at 93.35, SL at 93.51
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSDM30 Trend entry on stalling at resistance.png Size: 46 KB
Click to Enlarge Name: CADJPYM15 trend strenght.png Size: 49 KB
  • #10,150
  • Aug 11, 2014 10:56am Aug 11, 2014 10:56am
Quoting hansma
{quote} Hi Mack - thanks for your reply. I know that it needs to touch the 127 extension - this is what it did on my platform/broker ie why I was looking for a Cypher. Thanks anyway Regards, Hans {image}
hello traders /hansma,

I see agg, C forming Bullish butterfly
Attached Image (click to enlarge)
Click to Enlarge Name: USJPY4H11AUG.png Size: 37 KB
choose a job you love and you will never have to work a day in your life
  • #10,151
  • Aug 11, 2014 11:16am Aug 11, 2014 11:16am
Quoting ewgcorp
{quote} hello traders /hansma, I see agg, C forming Bullish butterfly {image}

Hi Ewgcorp - thanks for replying.

I donīt know either - however if you look at the last leg ( black line ) and measure this, then yes you could have an aggressive C sell. I also look at where this might go to, and I see the extension 127/138 of this last leg also falls in place with the Cypher D point. I donīt know if I can look at things this way ??

Anyway will look for more clues before deciding - right now I see price stalling - but no action from the bears yet for an aggressive C sell.

Thanks

Hans
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM30-2.png Size: 68 KB
"The future is already written in the past"
  • #10,152
  • Aug 11, 2014 12:00pm Aug 11, 2014 12:00pm
Quoting hansma
{quote} Hi Ewgcorp - thanks for replying. I donīt know either - however if you look at the last leg ( black line ) and measure this, then yes you could have an aggressive C sell. I also look at where this might go to, and I see the extension 127/138 of this last leg also falls in place with the Cypher D point. I donīt know if I can look at things this way ?? Anyway will look for more clues before deciding - right now I see price stalling - but no action from the bears yet for an aggressive C sell. Thanks Hans {image}
Hi
I think you are right. some more upside.

added in the labeling. mine is different since I am using XA as anchor leg. once C is reached I short. anticipating agg. C to D for Bullish butterfly. should C stop loss kick in. then time arrived for next anticipation possibly cypher but I am not comfortable with them.
Attached Image (click to enlarge)
Click to Enlarge Name: USJPY4H11AUG.png Size: 37 KB
choose a job you love and you will never have to work a day in your life
  • #10,153
  • Edited 12:23pm Aug 11, 2014 12:10pm | Edited 12:23pm
Quoting hansma
{quote} Hi Mack - thanks for your reply. I know that it needs to touch the 127 extension - this is what it did on my platform/broker ie why I was looking for a Cypher. Thanks anyway Regards, Hans {image}
No worries. Interesting tho. A question raises tho. how close should points be, since on another platform/ Broker it may have completed?

probable better to play it as you see it
  • #10,154
  • Aug 11, 2014 12:24pm Aug 11, 2014 12:24pm
Quoting ewgcorp
{quote} Hi I think you are right. some more upside. added in the labeling. mine is different since I am using XA as anchor leg. once C is reached I short. anticipating agg. C to D for Bullish butterfly. should C stop loss kick in. then time arrived for next anticipation possibly cypher but I am not comfortable with them. {image}
Thanks Mate -Letīs see what happens

Regards,

Hans
"The future is already written in the past"
  • #10,155
  • Aug 11, 2014 12:27pm Aug 11, 2014 12:27pm
Quoting Mack2013
{quote} No worries. Interesting tho. A question raises tho. how close should points be, since on another platform/ Broker it may have completed? probable better to play it as you see it
No problem Mack,

I use them as zones ie 127/138 of previous leg etc. to see where price might go to.

Thanks for replying.

Regards,

Hans
"The future is already written in the past"
  • #10,156
  • Aug 11, 2014 12:53pm Aug 11, 2014 12:53pm
Desided to take an aggressive C sell as these NSH look weak in nature. Letīs see where it goes

Regards

Hans
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM30-csell.png Size: 64 KB
"The future is already written in the past"
  • #10,157
  • Aug 11, 2014 6:02pm Aug 11, 2014 6:02pm
Quoting Mr. Pip
{quote} On the TF you are looking at this is the current pattern that is in play. Order flow is breaking down for the bears but until a NSH is formed above 1.6883 bearish order flow remains intact. So high probability trades remain on the short side of things. As such I am looking for ABCD or 1:1 to the short side and understanding that the bears are showing some weakness I will show some aggression in the management of any trade to the short side. {image}
A very agressive Set Up that could be a solution for trader than have suficient Margem Loan to do that and don t have a short SL in the first trade. If it's not the first figure could it be the second, double the trade position with a short SL.
Ex: Trade 1= 1 Lot / Trade 2 = 2XTrade 1 = 2 lot / SL= 3XTrade1
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdpro-h1-gain-capital-forex-3.png Size: 82 KB
  • #10,158
  • Edited 11:07pm Aug 11, 2014 10:25pm | Edited 11:07pm
Quoting chotabheem
EURNZD M5 abcd {image} Update :- I have placed an entry above 1.58166, which is the previous pivot LH in M1 after price getting into the structure for the second time. Price above 1.58166, call triggered. (entry at 1.58237)
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD1.png Size: 22 KB
Price went above 50% of CD leg, SL adjusted to BE.
Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD2.PNG Size: 30 KB


update 2 :- 100% of CD leg achieved, call closed.

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 18 KB
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  • #10,159
  • Aug 11, 2014 10:33pm Aug 11, 2014 10:33pm
Quoting chotabheem
Gbpusd m1 abcd
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd1.png Size: 20 KB

Price made a move below 50% of CD leg, SL adjusted to BE.

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd2.PNG Size: 26 KB
I follow only one person and his strategies...
  • #10,160
  • Edited 6:48am Aug 12, 2014 6:10am | Edited 6:48am
GBPJPY M5

AB=CD 78.6% aggressive C sell,

I came up with this just by seeing the slanting angle at which price is climbing up in GBPJPY, as opposed to the dip to the lows, the main swing, which was vertical.

Looking to enter into a short in this pair, below 171.559. (This is right below the structure that the price has now run into).
If price did not trigger a short below 171.559, consider this call void.

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 22 KB


Update :- Short Entry triggered. Entered at 171.558.
I follow only one person and his strategies...
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