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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

  • #10,361
  • Sep 10, 2014 4:24pm Sep 10, 2014 4:24pm
Quoting Mack2013
{quote} Not even close. I won’t lie. I got the fundamentals down but still need to learn to implement them consistently. I wrote myself a checklist at the edge of my computer as a reminder. Still learning little things about Price Action and supply & demand. My biggest hurdle is psychology. I have some nasty habits and sometimes my emotions will sabotage my trading. I'm working on it. I only just recently started growing my account. I've probable made all the mistakes you hear traders make X2 or X3. I review my mistakes consistently though so it’s...
One step at a time, right? As long as you stay persistent, you will achieve your dream. Have you set a goal timeframe as to when you would like to start trading as a pro? For me, March 1, 2015, is my goal.
  • #10,362
  • Sep 10, 2014 7:53pm Sep 10, 2014 7:53pm
Quoting pampaq
Strong bearish order flow, however, we seek entry, to go to 38% of 1to1 D. see, Greetings {image}
It reached 61% in supply area, with candle TT, the order flow is bearish, and we expect manifestation of force, to go short.
see greetings.
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  • #10,363
  • Sep 10, 2014 8:21pm Sep 10, 2014 8:21pm
Quoting pampaq
{quote} It reached 61% in supply area, with candle TT, the order flow is bearish, and we expect manifestation of force, to go short. see greetings. {image}
Hey pampaq! I'm a bit confused by your chart. I see that you're expecting price to continue downwards with the confluence of the 61.8% fib & the supply zone. Where is your D completion?
  • #10,364
  • Sep 10, 2014 8:41pm Sep 10, 2014 8:41pm
Took the short side of the AUD/JPY pair on the 1HR TF. I was a little impulsive on this trade. Saw the significant bearish momentum, with what seemed to be a failed 38.2% fib retracement ofthe main swing in a supply zone. I ignored the fact that the projections for the bears were getting weak. I also ignored the bullish momentum going into the 38.2% fib and supply zone. Price rejected; however, a bullish hammer candle formation formed in the 38.2% fib level of the bullish impulse leg. Shouldn't have taken this trade short given that information. What good is information if it is ignored? Live and, hopefully, learn!

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  • #10,365
  • Sep 10, 2014 9:13pm Sep 10, 2014 9:13pm
Quoting jpnavigate
{quote} Hey pampaq! I'm a bit confused by your chart. I see that you're expecting price to continue downwards with the confluence of the 61.8% fib & the supply zone. Where is your D completion?
Pretty fast, we are on the right path downward.
We must break down the lower support, for continue to decline. At this point, we have, YL, and pivot, as less support. This point should be taken as a reference, to take profits.
It is a place where decisions are made,
greetings.
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  • #10,366
  • Sep 11, 2014 4:25am Sep 11, 2014 4:25am
May be interesting ?[attach]1507242
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  • #10,367
  • Sep 11, 2014 4:42am Sep 11, 2014 4:42am
Another ?
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  • #10,368
  • Sep 11, 2014 6:18am Sep 11, 2014 6:18am
Quoting robuk
Another ?{image}
Looks like there's a good chance for an AB=CD completion on that chart. The LH indicates a deeper retracement is in store. Tell me what you see?
  • #10,369
  • Sep 11, 2014 6:46am Sep 11, 2014 6:46am
Quoting jpnavigate
{quote} Looks like there's a good chance for an AB=CD completion on that chart. The LH indicates a deeper retracement is in store. Tell me what you see?
I think maybe a Gartley
  • #10,370
  • Sep 11, 2014 7:02am Sep 11, 2014 7:02am
Quoting jpnavigate
{quote} One step at a time, right? As long as you stay persistent, you will achieve your dream. Have you set a goal timeframe as to when you would like to start trading as a pro? For me, March 1, 2015, is my goal.
I was forced my hand by circumstances that were not in my control so I did my best to learn as quickly as possible. I entered the market to fast with the delusion that I knew what I was doing. I did not and I blew my account. I'm in the process of starting from the beginning again. It’s taking some time but I'm coming back. Success is based on persistent in the face of surmountable odds.

My goal is obtain and assist as many people as I can to financial freedom.
  • #10,371
  • Sep 11, 2014 8:21am Sep 11, 2014 8:21am
Quoting Mack2013
{quote} I was forced my hand by circumstances that were not in my control so I did my best to learn as quickly as possible. I entered the market to fast with the delusion that I knew what I was doing. I did not and I blew my account. I'm in the process of starting from the beginning again. It’s taking some time but I'm coming back. Success is based on persistent in the face of surmountable odds. My goal is obtain and assist as many people as I can to financial freedom.
Well, sorry to hear about your circumstances. If I recall correctly, Jesse Livermore blew his account 3 times. And, in case you aren't familiar with him, he was one of the most successful traders ever (around 1920's timeframe). Anyway, you sound like you've got the right attitude. I like that you're interested in helping as many people as possible achieve financial freedom. I desire to do the same. How can we not pay it forward when Mr. Pip has done so much for us here in this thread?
  • #10,372
  • Sep 11, 2014 8:22am Sep 11, 2014 8:22am
Quoting robuk
{quote} I think maybe a Gartley
After closer inspection, a Gartley if the candle on the BC leg that pierced the 78.6% fib failed to close above. So, where do you expect price to go?

Oh, one more thing...per Mr Pip's rules for the thread, would you be so kind as to remove your indicators?
  • #10,373
  • Sep 11, 2014 8:26am Sep 11, 2014 8:26am
Quoting Mack2013
{quote} I was forced my hand by circumstances that were not in my control so I did my best to learn as quickly as possible. I entered the market to fast with the delusion that I knew what I was doing. I did not and I blew my account. I'm in the process of starting from the beginning again. It’s taking some time but I'm coming back. Success is based on persistent in the face of surmountable odds. My goal is obtain and assist as many people as I can to financial freedom.
I know how you feel , gotta keep battling on , but easier said than done some days .Best wishes for your success .
  • #10,374
  • Sep 11, 2014 10:30am Sep 11, 2014 10:30am
entering an aggressive C in MR area in complete pull back, then a = b taking a C to go to the supply area.
The MR is both W and D, thus, the downward pressure may be large, it is a place of decision making, I only look about 25 pips higher but well controlled by the zone situaci'on supply.
It is a very risky trade.
see, Greetings
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  • #10,375
  • Sep 11, 2014 11:00am Sep 11, 2014 11:00am
Quoting pampaq
entering an aggressive C in MR area in complete pull back, then a = b taking a C to go to the supply area. The MR is both W and D, thus, the downward pressure may be large, it is a place of decision making, I only look about 25 pips higher but well controlled by the zone situaci'on supply. It is a very risky trade. see, Greetings {image}
How's that trade working out for you?
  • #10,376
  • Edited 1:24pm Sep 11, 2014 11:01am | Edited 1:24pm
Good morning, Not much on my radar but I am looking at a EURAUD - BAT 3min. Its small but hey theres 20 - 25 pip potential

Setup: This particular BAT Pattern doesn't have the harmonic 1 to 1 built in but it does have some Fib Ext. confluence around the 88.6 at long term order flow swing low.
Order Flow: The pattern goes with the overall trend which is bullish. The dominant swing is weakening and I'm loosing faith in pattern completion. If it does complete , my price target is a few pips below the RN due to its psychological barriers.
Structure: Price meeting some resistance at the 1 hr supply level just above RN but the reaction has been soft. There is a medium strength Support area at the completion zone / HL. This area may carry some Demand as short term Sell positions take some profits and longs enter on Pullback/weakness to structure
Expectations: Pattern completion and Bulls carry price to the RN

https://www.tradingview.com/x/h8v55enb/

Update:
- EURAUD - 3min: With the flow of the market, price has established another potential BAT pattern. This one with a harmonic AB=Cd pattern. This has widened my Kill Zone. I'll probably be looking for the lower completion towards the AB=CD. Sorry for the messy chart

Price has pushed higher to the RN. Completion is still questionable....

https://www.tradingview.com/x/MVqHOv3W/

Missed this opportunity: same chart I just erased everything.
https://www.tradingview.com/x/rHbh1nGF/
  • #10,377
  • Sep 11, 2014 12:27pm Sep 11, 2014 12:27pm
Quoting Mack2013
Good morning, Not much on my radar but I am looking at a EURAUD - BAT 3min. Its small but hey theres 20 - 25 pip potential Setup: This particular BAT Pattern doesn't have the harmonic 1 to 1 built in but it does have some Fib Ext. confluence around the 88.6 at long term order flow swing low. Order Flow: The pattern goes with the overall trend which is bullish. The dominant swing is weakening and I'm loosing faith in pattern completion. If it does complete , my price target is a few pips below the RN due to its psychological barriers. Structure:...
Take the trade?
  • #10,378
  • Sep 11, 2014 12:42pm Sep 11, 2014 12:42pm
Quoting pampaq
entering an aggressive C in MR area in complete pull back, then a = b taking a C to go to the supply area. The MR is both W and D, thus, the downward pressure may be large, it is a place of decision making, I only look about 25 pips higher but well controlled by the zone situaci'on supply. It is a very risky trade. see, Greetings {image}
Going + 10 pips.
There was not bullish continuation, prudence I close the position.
greetings.
  • #10,379
  • Sep 11, 2014 12:46pm Sep 11, 2014 12:46pm
Quoting pampaq
{quote} Going + 10 pips. There was not bullish continuation, prudence I close the position. greetings.
Awesome, pampaq! I like how you aggressively managed your trade. The long wick on the candle that finalized the AB leg concerned me - indicative of the bears' presence at that level!
  • #10,380
  • Sep 11, 2014 1:01pm Sep 11, 2014 1:01pm
Hey everyone

Here is the CAD/JPY that I posted a while ago how do you think its going to play out?
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