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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

  • #10,281
  • Aug 29, 2014 8:11am Aug 29, 2014 8:11am
Quoting pampaq
{quote} on the TP, the small 1to1 a = c and its retro to 61%, take profits and adjust SL. We waited for the price to accelerate, to break down, the pivot, until YL. if you have no strength to break, we go, always positive. Greetings {image} {image}
A portion saved, and the rest in BE, now hope to enter again, the order flow is still bearish, Greetings
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  • #10,282
  • Aug 29, 2014 8:18am Aug 29, 2014 8:18am
Quoting pampaq
{quote} A portion saved, and the rest in BE, now hope to enter again, the order flow is still bearish, Greetings {image}
Taking some profits, and waiting on the next candle, bearish continuation if no then close the whole position, 9 pips best of all, greetings.
  • #10,283
  • Aug 29, 2014 9:07am Aug 29, 2014 9:07am
Trade update. Trade started to go against me. Set my stop loss 5 pips above the 161 of BC. Although the bulls, in their latest push, seem to have the momentum, the projection was weak. In the last two candles, the bears have presented themselves with force. Still in the trade, for now...
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  • #10,284
  • Aug 29, 2014 9:28am Aug 29, 2014 9:28am
Hit TP 1. Maybe should had a little more room in there. Won't complain, out of the trade with 15 pips. Still looks like it's heading down and will achieve TP 2.
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  • #10,285
  • Aug 29, 2014 10:36am Aug 29, 2014 10:36am
Hey guys i'm new to harmonics and still trying to figure this out. I was hoping to get a couple of questions addressed because multiple resources i looked at appear to have conflicting information.

1. What tool should be used to project PRZ points? Ross Becks book "trading the gartley pattern" teaches the use of 3 point fib. extension tool to project the PRZ point. Basically you plot points on A, B and C to project the D. Other sources like baby pips and people on this thread used a simple fib. retracement tool from point B to C use PRZ projection from that.

2. In Carneys book Hamonic trader vol 1 page 41, he mentions C entrancement levels and receprical CD projection ration such as if C retraces to .618 CD PRZ is 1.618. Should these be used with all harmonic patterns to project the PRZ?
  • #10,286
  • Aug 29, 2014 11:59am Aug 29, 2014 11:59am
Quoting antonb1985
Hey guys i'm new to harmonics and still trying to figure this out. I was hoping to get a couple of questions addressed because multiple resources i looked at appear to have conflicting information. 1. What tool should be used to project PRZ points? Ross Becks book "trading the gartley pattern" teaches the use of 3 point fib. extension tool to project the PRZ point. Basically you plot points on A, B and C to project the D. Other sources like baby pips and people on this thread used a simple fib. retracement tool from point B to C use PRZ projection...
Hello Hello and welcome

Answer 1: Its whatever your backtesting shows you. Not only will backtesting help you identify what information is viable but it will teach your eye to spot the patterns easier. Just because theres a pattern, that doesnt mean that it will be successful. Due to barriers , order flow, or price action, the pattern may not put the odds in your favour.

I HIGHLY recommend that you backtest your stratagy before trading live. When you go live, start small for a few months as proof you can trade this type of strategy. Not every strategy is suitable for every individuals psychology.

Answer 2: The PRZ is a zone so try to use as much ratio confluence as possible to justify your entries. Each pattern has a different set of ratios depending on the points.

Here are the rules of enguagement outlined but Mr.Pip (Note: Rules have been modified due to his backtesting)
Attached File(s)
File Type: pdf DCAST CAPITAL ADVANCE PATTERNS RULES OF ENGAGEMENT written.pdf   316 KB | 636 downloads

Attached File(s)
File Type: pdf Advance Pattern Reference Guide.pdf   647 KB | 704 downloads


There is some information compiled in post #8464 and #9508 too
  • #10,287
  • Aug 29, 2014 12:35pm Aug 29, 2014 12:35pm
Hello Traders

I got a question... Why is it so hard to make money and so easy to lose money? If its so easy to lose money, wouldn't the simplilest answer be to do the exact opposite. . LOL Just a thought.
  • #10,288
  • Aug 29, 2014 1:29pm Aug 29, 2014 1:29pm
Quoting jpnavigate
Sold USD/JPY on the 15M TF this morning based on the following confluence: 1) ABCD completion; 2) structure; 3) 127 ext of AB; and 4) 138 ext of BC. We'll see what happens. {image}
very good, I hope you've taken, profits. in my case, I use the 38% and 61% of the last upward swing as TP.
Greetings

Hi fxyogi17, Here I Stand, use acronyms that, Greetings, and sorry for my bad English.
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  • #10,289
  • Edited 7:10pm Aug 29, 2014 1:38pm | Edited 7:10pm
Quoting Mack2013
Hello Traders I got a question... Why is it so hard to make money and so easy to lose money? If its so easy to lose money, wouldn't the simplilest answer be to do the exact opposite. . LOL Just a thought.
Mack very good question, that's a problem for everyone, I think, is still at least for me.
It has given very good results, cut losses dramatically, if not going the way I wanted, I take out first one hand and then close completely.
With the profits, I try to take part in the first places of support or resistance, and so calm anxiety.
Oliver Velez says that ONLY WE LOSE A CANDLE. And so, when we win, we win three or four, and when we lose, only one, + the spread.
No wait, do not believe, just out, a candle, and so a, probability of success of 50%, we will be making money, and if less, we can still fight him to the market.
Let us, I assure you that gets results, small profits and small losses.


http://www.learntotradethemarket.com/forex-articles/why-you-are-losing-money-forex-trading?awt_l=HcgHI&awt_m=JXaLTI2K0HwtMW
  • #10,290
  • Aug 29, 2014 1:48pm Aug 29, 2014 1:48pm
Quoting hfaruk10
another gartley on usdjpy h1: I am a bit late, anyway going to take thje trade. What i do not like is the cd leg has no deeper pullback which would show the decreased bears strength. However the momentuim slowed down a bit and a perfect confluence of 127 FE and ,886 XA gives me confidence in this gartley. will see what happens. {image}
took profit +20 pips. was afraid that it might move against me since I saw another bearish abcd. not very happy since the risk reward ratio was smaller than 1:1.
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  • #10,291
  • Aug 29, 2014 9:55pm Aug 29, 2014 9:55pm
Hi ,

I am trying to understand the system. I send an attachment, do i make it right ?

Thanks
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  • #10,292
  • Aug 31, 2014 4:55am Aug 31, 2014 4:55am
Quoting Mack2013
Hello Traders I got a question... Why is it so hard to make money and so easy to lose money? If its so easy to lose money, wouldn't the simplilest answer be to do the exact opposite. . LOL Just a thought.
good question Mack,,, it's the same as, we know the market moves in waves so why can't we ride those waves correctly and be on the winning ones? that's why studying the market and all the back testing on its behaviour is so important
  • #10,293
  • Aug 31, 2014 9:26am Aug 31, 2014 9:26am
Quoting Mack2013
Hello Traders I got a question... Why is it so hard to make money and so easy to lose money? If its so easy to lose money, wouldn't the simplilest answer be to do the exact opposite. . LOL Just a thought.
If you are wrong let's say 70% of the time, you would be better off doing the exact opposite of what you thought was right as you were saying, but then wouldn't that be a kind of gamble. There is logic in your question, but determining the right from a wrong move would not be that easy.
  • #10,294
  • Aug 31, 2014 6:31pm Aug 31, 2014 6:31pm
Hello everyone ,

is this a possible sypher pattern ??

XA retracement .618
XA extension 141.4
XC retracement .786
  • #10,295
  • Aug 31, 2014 10:44pm Aug 31, 2014 10:44pm
Quoting pampaq
{quote} I see a opotunidad, a little above, the culmination of 1to1 daily. In area of resistance, far. see how the price reacts there to make a decision. Greetings {image} {image} {image}
Arriving daily PRZ, control of price action there, and then short entry, to 38%.
greetings. we will see
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  • #10,296
  • Sep 1, 2014 8:02am Sep 1, 2014 8:02am
Quoting pampaq
{quote} my two cents {image}
As we settled in post10276, price llegóa to 61%, ie it is possible to take profits, a 1to1, on impulse, and then a 1to1, reverse.
regards,
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  • #10,297
  • Sep 1, 2014 9:08am Sep 1, 2014 9:08am
Saw this bearish abcd I believe, drew three fibs and all three have the same confluence. I will be taking this trade.
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  • #10,298
  • Sep 1, 2014 12:54pm Sep 1, 2014 12:54pm
NZDCHF DAILY
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THERE IS NO SYSTEM
  • #10,299
  • Sep 1, 2014 4:51pm Sep 1, 2014 4:51pm
Looking at a possible bearish gartley on the EUR/JPY 15M TF. Waiting to make sense of the BC leg. See below.

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  • #10,300
  • Sep 1, 2014 7:51pm Sep 1, 2014 7:51pm
Update on the EUR/JPY 15M Potential Bearish Gartley. The 78.6 retracement, which coincides with resistance, is being tested. The short term order flow is bullish; however, the long term flow is bearish. Momentum currently favors the bulls. We'll see if the bears can get their act together.
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