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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

  • #10,441
  • Sep 23, 2014 9:09am Sep 23, 2014 9:09am
Quoting Kanderpro
Hello All, Aggressive C of March to July down swing, followed by aggressive C of August to Sept up swing, followed by aggressive C of 12 - 19 Sept down swing. I'm fairly new to harmonics so would appreciate some opinions if anyone has the time. I'm tempted to just look at some other pair. Difficult market today, so perhaps it's time to just stand back and watch. Kan Edit: Sorry. It's UCad
Kanderpro Hello, please if you can place the graphic is better, so visualize what you want to see, Greetings, and welcome, here we help each other.
  • #10,442
  • Sep 23, 2014 9:30am Sep 23, 2014 9:30am
Much mmtum bearish, however, very carefully, we long, after the decline of 78%, at the slightest doubt, and go close part or BE.
Greetings will see, in older TF, the trend is up, we will see,
Attached Image(s) (click to enlarge)
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  • #10,443
  • Sep 23, 2014 9:35am Sep 23, 2014 9:35am
Quoting pampaq
{quote} Kanderpro Hello, please if you can place the graphic is better, so visualize what you want to see, Greetings, and welcome, here we help each other.
Hello Pampaq. I understand. Thanks. My charts have too many things on for this thread. I shall put the fibs on a naked chart and post, but I need to go out now.
Kan
Thanks for your help, warmth and straight talking Heather.
  • #10,444
  • Sep 23, 2014 10:54am Sep 23, 2014 10:54am
Quoting pampaq
Much mmtum bearish, however, very carefully, we long, after the decline of 78%, at the slightest doubt, and go close part or BE. Greetings will see, in older TF, the trend is up, we will see, {image} {image}
We take profits, greetings, still in the trade.
Attached Image (click to enlarge)
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  • #10,445
  • Sep 24, 2014 10:23am Sep 24, 2014 10:23am
XAUUSD M5
A possible ABCD in the formation (missed the aggressive C sell but am just coming in again)

1214.2 is my possible projected PRZ which has pretty good structure to it's left from long back. Could serve as a possible demand to confirm this analysis.


Attached Image (click to enlarge)
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I follow only one person and his strategies...
  • #10,446
  • Sep 24, 2014 5:24pm Sep 24, 2014 5:24pm
This trade took it today morning, now, we see a one to one, we expect a rebound to 38% and 61%,
see, greetings.
Attached Image(s) (click to enlarge)
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  • #10,447
  • Sep 24, 2014 6:17pm Sep 24, 2014 6:17pm
Another 1to1 in 1hr, great bull mmtum, we see clear bearish structure to go short, to 38%, we will see, we are monitoring to assess.
Attached Image (click to enlarge)
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  • #10,448
  • Sep 24, 2014 7:18pm Sep 24, 2014 7:18pm
Quoting pampaq
This trade took it today morning, now, we see a one to one, we expect a rebound to 38% and 61%, see, greetings. {image} {image}
TP, quickly reached, + 35pips, rebounding to 38%, the power, the OneToOne. greetings.
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  • #10,449
  • Sep 24, 2014 9:24pm Sep 24, 2014 9:24pm
Quoting pampaq
{quote} TP, quickly reached, + 35pips, rebounding to 38%, the power, the OneToOne. greetings. {image} {image}
Reaching 61%. greetings
Attached Image (click to enlarge)
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  • #10,450
  • Sep 25, 2014 10:47am Sep 25, 2014 10:47am
In monthly MR area, a decision point, very interesting, making a complete, abc pullback and being now in D, if accelerated and has a weak retro, would have great porbabilidad bullish breakout.
We are controlling, it is a monthly resistance.
Only, go long, if there is a clear break in 5M, greetings.
Greetings.
Attached Image(s) (click to enlarge)
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  • #10,451
  • Sep 25, 2014 11:41am Sep 25, 2014 11:41am
Quoting pampaq
In monthly MR area, a decision point, very interesting, making a complete, abc pullback and being now in D, if accelerated and has a weak retro, would have great porbabilidad bullish breakout. We are controlling, it is a monthly resistance. Only, go long, if there is a clear break in 5M, greetings. Greetings. {image} {image} {image}
A short trades, +10 pips, and then left, because there was no break, yet.
We continue to assess
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  • #10,452
  • Sep 29, 2014 10:01am Sep 29, 2014 10:01am
Pampaq, thanks for all the posts. What's the green and red bars to the right of the current candle?

Thanks
  • #10,453
  • Sep 29, 2014 11:50pm Sep 29, 2014 11:50pm
Hello All,

I only came across this thread a week ago and have been busy ready through it. I am a big fan of Harmonic patterns, Bats and Cyphers mainly. I am in the process of backtesting Bat and Cypher patterns on the 4 hour timeframe. I am trying to find a way to trade fulltime and still work fulltime in my job which pays the bills. I think higher timeframe patterns are the answer to this. I am planning to go live with a small account early next year once all my backtesting done and I can forward test my system.

Anyways, I just wanted to drop a line to say Hi and thank everyone involved in the thread for some truly informative content. I noticed the threads creator Mr Pip has not been active for 6 weeks. Is there a reason for this or is his job been done and the rest is up to us?

A nice Cypher pattern caught my eye this morning on the AUDUSD 15 min chart so I took a screenshot of it. Its amazing how it just stopped on a dime and reversed!

Oz
Attached Image (click to enlarge)
Click to Enlarge Name: Nice 15min Cypher.PNG Size: 168 KB
The consistency you seek is in your mind, not the markets. Mark Douglas
  • #10,454
  • Sep 30, 2014 12:18am Sep 30, 2014 12:18am
Hello all! Been a while since I have posted in the thread, but none the less I have been watching and practicing.

I just entered a short on NZDUSD M15. I believe that it just finished a AB=CD pattern and also was the completion of the retracement from the huge sell off from yesterday. The D leg completed right in the middle of the divine proportion .618 and .786 fib. This was also in the area of my PRZ. I guess now I wait and see.

The second picture is my expectation. Since we will be back in the direction of order flow, I am looking for a equal distance move of the main swing.
Attached Image(s) (click to enlarge)
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Damn The Torpedoes, Full Speed Ahead!
  • #10,455
  • Sep 30, 2014 12:35am Sep 30, 2014 12:35am
Quoting OzFXtrader82
Hello All, I only came across this thread a week ago and have been busy ready through it. I am a big fan of Harmonic patterns, Bats and Cyphers mainly. I am in the process of backtesting Bat and Cypher patterns on the 4 hour timeframe. I am trying to find a way to trade fulltime and still work fulltime in my job which pays the bills. I think higher timeframe patterns are the answer to this. I am planning to go live with a small account early next year once all my backtesting done and I can forward test my system. Anyways, I just wanted to drop a...
Hey Oz, welcome to the thread. You have stumbled across a thread that in my opinion is the real deal when it comes to trading. Lots of useful knowledge on every page. Mr. Pip has also made several videos that are a must to watch on various topics. Keep reading through the thread and ask any questions that you may have.

As far as Mr. Pip goes, not sure where he has been. I'm sure he is watch the thread from time to time, making sure we don't veer off in the wrong direction.
Damn The Torpedoes, Full Speed Ahead!
  • #10,456
  • Sep 30, 2014 12:43am Sep 30, 2014 12:43am
Quoting DizzleFX
{quote} Hey Oz, welcome to the thread. You have stumbled across a thread that in my opinion is the real deal when it comes to trading. Lots of useful knowledge on every page. Mr. Pip has also made several videos that are a must to watch on various topics. Keep reading through the thread and ask any questions that you may have. As far as Mr. Pip goes, not sure where he has been. I'm sure he is watch the thread from time to time, making sure we don't veer off in the wrong direction.
Thanks for the warm welcome Dizzle. I was quite surprised to come across this thread because I had searched for harmonic pattern threads on here previously but must have missed this one somehow. I like harmonic patterns because they require no subjectivity, here are the rules, the pattern is either either valid or not. I cannot personally deal with subjectivity with a chunk of money on the line. I am only trying to make on average 4% on my account a month and letting compounding and fixed fractional money management do the rest.

I'll check out the rest of the thread and try to bring something to the discussion.
The consistency you seek is in your mind, not the markets. Mark Douglas
  • #10,457
  • Sep 30, 2014 2:30am Sep 30, 2014 2:30am
Just moved my SL to BE. Risk free trade now.
Damn The Torpedoes, Full Speed Ahead!
  • #10,458
  • Sep 30, 2014 3:08am Sep 30, 2014 3:08am
Quoting DizzleFX
Just moved my SL to BE. Risk free trade now.
You can't complain about a risk free trade Dizzle. Its the ultimate feeling knowing you have made money no matter what happens. It's interesting you brought up the NZDUSD because I have been watching a big Cypher on the Daily chart which is still in play now, I'll attach a screenshot. The origin of the Cypher is pretty strong support so I wouldn't be surprised to see a bounce off that level but its a probabilities game so we'll wait and see. Yesterdays candle did leave a pretty big wick on its bottom half so maybe thats a sign of support coming in.........
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD Freefall Cypher.PNG Size: 170 KB
The consistency you seek is in your mind, not the markets. Mark Douglas
  • #10,459
  • Sep 30, 2014 3:14am Sep 30, 2014 3:14am
Quoting OzFXtrader82
{quote} You can't complain about a risk free trade Dizzle. Its the ultimate feeling knowing you have made money no matter what happens. It's interesting you brought up the NZDUSD because I have been watching a big Cypher on the Daily chart which is still in play now, I'll attach a screenshot. The origin of the Cypher is pretty strong support so I wouldn't be surprised to see a bounce off that level but its a probabilities game so we'll wait and see. Yesterdays candle did leave a pretty big wick on its bottom half so maybe thats a sign of support...
Looking at the Daily chart, there is a lot of support in the area price is at right now. When I built my case for entry into this trade, it was based off of what i was seeing on the M15. Gonna have to wait and see whats gonna happen.
Damn The Torpedoes, Full Speed Ahead!
  • #10,460
  • Sep 30, 2014 5:55am Sep 30, 2014 5:55am
Another Cypher on the NZDUSD, this time on the 60min which is just above the entry on the Daily chart. What to do? Take both or choose between the two? Good problem to have I suppose.....
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD 60 min Cypher.PNG Size: 57 KB
The consistency you seek is in your mind, not the markets. Mark Douglas
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