Making Money Using Market Math

Whats going on FF people? I figured its about time to start my own journal. I have been around here for a while, spent several years doing what most newbs do, going from system to system. The one that has really stood out from the crowd is Mr. Pip's "Ratios & Harmonics: a Different Way to Trade". As of now, the ABCD or AB=CD are the only patterns that I trade. The style of trading that Mr. Pip has been teaching is extremely powerful. It requires no indicators and more of an understanding of price action and fibs.

I am an extremely conservative trader, making only 3-5 trades a week, so I will not be posting like a mad man in this thread. At least for now! I am by no means a professional trader and the purpose of this thread is for me to perfect the craft of trading. All other ratio and harmonic traders out there are welcome to post here as well with setups or constructive feedback from my trades. Lets make some money!

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Hi Dizzle,

The name of your thread sparked my interest. Only today I was thinking about the concept of maths and markets. I'm considering taking up a maths course which I could use directly in my trading. Would you have any advice on what specific maths fields are required to develop a successful trader? Quantitive /Probability etc?

Any thoughts are much appreciated.

Thanks and regards,
Bullbear

Whats up BullBear? The only math that I use in my trading are ratios and fibs. I have not dabbled into the whole quantitive trading, so I could not give any advice there. If you have any questions about fibs and ratios, I'll do my best to explain.

Im gonna be keeping an eye on USDJPY. It completed an AB=CD pattern right into our PRZ. I'll take any short setups that are presented down to the 107.30 area, maybe lower.

Thanks Dizzle, appreciate it.

So for my first trade in this thread, I went long on EU. This is also an AB=CD, since price only retraced down to the 50% fib. Im risking about 35 pips to make a potential 45. just over 1:1. The second picture is the H1 chart to show that my PRZ is a major S/R area and it falls in right above the 50% fib of the main swing. Could be an amazing short, if price gets in the area. Now we sit back and wait.

EDIT: Closed half of my position and SL moved to BE

Finally hit my TP for 43 pips. I usually don't hang on to trades this long, but it worked out in the long run. Now lets see, if it shows any signs of a reversal.

Short on the EU M5. Price retraced to the 50% fib, so this is an AB=CD. Price is sitting right on round number 1.25000, so I am shorting right into a support area. I didn't catch this until after i took the trade.

EDIT: Stopped out!

Just missed the entry on this. It would have been a long entry on the completion of an AB=CD. Looking at GU M5 chart. Not gonna go chase this trade, but gonna watch to see if my expectations were correct.

If I would have taken this trade, I would have been stopped out at BE.

Short on USDCAD after price has been on a downward move, and made a NSL, then retraced almost to the 61.8. Top blue box is a Resistance/structure zone which makes it a good reversal area.

Surrounded by harmonics. Identifying them to profit off of, is the trick!

Took a short on NZDUSD M5. Order flow is to the down side and retraced into an area of S/R (identified by the blue box) which also is right into the 50% fib, so this is a short on an aggressive "C" sell on an AB=CD pattern. My TP or PRZ is identified by the green box.

Edit: Red arrow was my entry candle.

Bulls showing a little bit of strength. If price closes above the blue line, I plan on closing the trade. Bottom blue line is were I need price to get in order to move my SL to BE. If it gets there! Hurry up and wait!

Closed for a small loss. No worries!

Current trade I am in. This pair has really made me some money lately. Short NZDUSD M5. Barely breaking structure to the downside, priced retraced into the 50% fib and consolidated for a little bit, with the bears winning and expected with a break to the downside. The red arrow represents the entry candle. This is an AB=CD trade with the PRZ in the 138.2 - 161.8% fib. Currently in the green with about 40 pips SL at BE +10.

EDIT: Position closed for 31 pips.

Short position that I am in. USDJPY M15. Due to the time of year and the fact that the USDJPY has been in a super long term uptrend, risk on since this is technically a counter trend trade. Price has just recently completed an ABCD pattern just touching my PRZ and then reversing. When price gets down to the 38.2 I will move my SL to BE and looking to take profit at the 61.8.

Price sure is having a hard time clearing the 120.50 mark. Either way I am at break even.

EDIT: Moved to BE +6 as price just moved below 120.50