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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

  • #10,561
  • Edited 11:09am Oct 28, 2014 9:53am | Edited 11:09am
Pompaq of you don't mind me asking which versions of cci are you using on previous page? I also use cci but but have been looking for more advanced version.
  • #10,562
  • Oct 28, 2014 10:53am Oct 28, 2014 10:53am
Quoting chotabheem
EURGBP M5 ABCD aggressive C sell, Sell Entry at 0.78799, SL at A+10, 0.78937, TP at 0.78527 RR is at -0.00138/0.00272 {image}
Hello Chotabheem, watching your post, and I share my point of view, I hope and operate the 1to1, once arrived at the point, it is expected to react, so I look for a pattern of candle in this case upward reversal, and in turn, if I have a signal divergence, much better.
Then I go to 38% of the last swing (of 1to1), and then evaluated, and go to 61%, it is less effective than 38%, which is reached in 75% of the time.
To better RR, I lower TF to to operate it before with these candlestick patterns with the divergence, and also look if there are OS or OB oversold here, which is the only thing I use the CCI divergence and signal OS.
Summarizing thus we, PRZ by 1to1, more divergence, more reversal candlestick pattern on OS area.
The case for me then is, overtones of high probability, and entered to operate it.
Price action is essential, to see if everything will work, else is a warning, and there I have to put all SITUATIONAL AWARENESS.
Cheers and continue adding up together.
Attached Image(s) (click to enlarge)
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  • #10,563
  • Oct 28, 2014 8:28pm Oct 28, 2014 8:28pm
Quoting pampaq
{quote} Hello Chotabheem, watching your post, and I share my point of view, I hope and operate the 1to1, once arrived at the point, it is expected to react, so I look for a pattern of candle in this case upward reversal, and in turn, if I have a signal divergence, much better. Then I go to 38% of the last swing (of 1to1), and then evaluated, and go to 61%, it is less effective than 38%, which is reached in 75% of the time. To better RR, I lower TF to to operate it before with these candlestick patterns with the divergence, and also look if there...

Okay, I have noted your suggestion, but am gonna have to observe it for a while. Will check it out. Thanks.

Meanwhile, the EURGBP took the SL. Keep posting my friend, good stuff.
I follow only one person and his strategies...
  • #10,564
  • Oct 29, 2014 4:46am Oct 29, 2014 4:46am
Quoting pampaq
{quote} To better RR, I lower TF to to operate it before with these candlestick patterns with the divergence, and also look if there are OS or OB oversold here, which is the only thing I use the CCI divergence and signal OS. Summarizing thus we, PRZ by 1to1, more divergence, more reversal candlestick pattern on OS area. The case for me then is, overtones of high probability, and entered to operate it. Price action is essential, to see if everything will work, else is a warning, and there I have to put all SITUATIONAL AWARENESS. Cheers and continue...
Pampaq, i know your intentions are meant well, but I think you are heading in the opposite direction with the content that Mr. Pip is providing here. Your charts are LOADED with indis. Mr. Pip teaches a no frills, no indicator needed style of trading and he has preached and preached that there is no need for them. The use of divergence has never even been discussed. Your posts are helping keep this thread alive, lets just make sure they are inline with they way Mr. Pip would want them.
Damn The Torpedoes, Full Speed Ahead!
  • #10,565
  • Oct 29, 2014 7:40am Oct 29, 2014 7:40am
Several things can happen, the news are coming, however, as we have confluence in the 138.00, with 38% and 1to1 daily.
Therefore. is possible that at that level, we have a reversal, hopefully have that tells us the market.
If you have not entered all these days we work the pair, this is no time to enter. just be prepared to see what happens at the marked level.
regards
Attached Image (click to enlarge)
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  • #10,566
  • Oct 29, 2014 7:54am Oct 29, 2014 7:54am
Quoting DizzleFX
{quote} Pampaq, i know your intentions are meant well, but I think you are heading in the opposite direction with the content that Mr. Pip is providing here. Your charts are LOADED with indis. Mr. Pip teaches a no frills, no indicator needed style of trading and he has preached and preached that there is no need for them. The use of divergence has never even been discussed. Your posts are helping keep this thread alive, lets just make sure they are inline with they way Mr. Pip would want them.
DizzleFX, it is true what you say, so much as the indis, how to keep this great site running.
If you look closely, there are several friends who work with Divergence, and that was only for teaching purpose.
Also Mr Pips, was teaching us, just use a TF, however, as everything is to educate, are suggestions and preferences, in trading, each must find his style of trade.
Just as I was asked several times, as I was operating, I wanted to show you what works for me.
Now put everything here is based on harmonics, or at least part of small harmonics, which is the OneToOne, and others like EURJPY, operated last and this week, it is only confluence of ratios.
Where was labeled a PRZ, and in turn 38%, plus a daily 1to1.
Anyway, I never entered a trade on divergence, nor explained, nobody asked me, what is the technical input, if there is one and is very accurate.
But you're right, I'm going to respect the idea of the place and comply with her.
On these lands, there was a famous boxer, who only used one of his two hands, one a great fighter, for others the opposite.
Let's add up, and learning, and respecting, thanks for your observation.
  • #10,567
  • Oct 29, 2014 1:34pm Oct 29, 2014 1:34pm
Quoting pampaq
Several things can happen, the news are coming, however, as we have confluence in the 138.00, with 38% and 1to1 daily. Therefore. is possible that at that level, we have a reversal, hopefully have that tells us the market. If you have not entered all these days we work the pair, this is no time to enter. just be prepared to see what happens at the marked level. regards {image}
Fulfilled the OneToOne, as we had placed, I go short to take advantage of the pullbackdespite the news, and go to the DPV. some good pips. +45.
we will see below, and if after correction continues to the 38%.
regards
Attached Image(s) (click to enlarge)
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  • #10,568
  • Oct 30, 2014 7:56am Oct 30, 2014 7:56am
After the news, and having marked the PRZ, we see how likely that is C, in a flat correction, to resume the uptrend.
We in the open area, an MR, hard to control if it breaks or is rejected there.
If it breaks upward price there void until the next balance area.
If rejected, we close with some positive pips.
see greetings
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  • #10,569
  • Oct 30, 2014 8:02am Oct 30, 2014 8:02am
closing one hand free to operate.
careful now, we expect a weak recoil, then rising upward force to break the MR, if not give it out in BE, so get this part and the gain of the other half.
regards
Attached Image (click to enlarge)
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  • #10,570
  • Oct 30, 2014 8:25am Oct 30, 2014 8:25am
Quoting pampaq
closing one hand free to operate. careful now, we expect a weak recoil, then rising upward force to break the MR, if not give it out in BE, so get this part and the gain of the other half. regards {image}
Very delayed price, mmtum loss, close all positions and are attentive to further downside, then the upside, Greetings
+18 . +14
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  • #10,571
  • Oct 30, 2014 9:05am Oct 30, 2014 9:05am
Quoting pampaq
After the news, and having marked the PRZ, we see how likely that is C, in a flat correction, to resume the uptrend. We in the open area, an MR, hard to control if it breaks or is rejected there. If it breaks upward price there void until the next balance area. If rejected, we close with some positive pips. see greetings {image} {image}
Very delayed price, mmtum loss, close all positions and are attentive to further downside, then the upside, Greetings
Attached Image (click to enlarge)
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  • #10,572
  • Oct 30, 2014 9:07am Oct 30, 2014 9:07am
Quoting pampaq
{quote} Very delayed price, mmtum loss, close all positions and are attentive to further downside, then the upside, Greetings {image}
Trying to break the bearish pivot of 1 hour, doing so would go hard to the upside. we will see
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  • #10,573
  • Oct 30, 2014 9:12am Oct 30, 2014 9:12am
Quoting pampaq
{quote} Trying to break the bearish pivot of 1 hour, doing so would go hard to the upside. we will see {image} {image}
breaking, recoil control, and then if you did not go get before long, if the reverse is weak
regards
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  • #10,574
  • Oct 30, 2014 9:14am Oct 30, 2014 9:14am
Quoting pampaq
{quote} breaking, recoil control, and then if you did not go get before long, if the reverse is weak regards {image}
in 127%
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  • #10,575
  • Oct 30, 2014 9:16am Oct 30, 2014 9:16am
Quoting pampaq
{quote} in 127% {image}
closing middle position, adjusting sl, and letting the rest run free.
regards
Attached Image (click to enlarge)
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  • #10,576
  • Oct 31, 2014 10:48am Oct 31, 2014 10:48am
Hello Traders,

I would like to thank everyone for their contribution and for staying active while I was away. I will be coming back soon and hope to keep it going. We still have work to do and I would have liked to have seen traders building on what has been taught here so far. Some of you have and others have made this your own.

I would like for those that are still interested to call out and really commit I leave and come back for a reason and that's to give you time to build, embrace and make these skills your own. The ones that are still around show commitment, perseverance and the will to succeed. This is the DNA of what makes a good trader and the kind of work ethic that being in the top 10% requires.

Re-examine and reflect on this, if you can't take the heat then find something else to occupy your time. Save yourself the time and capital because this is not for you. Many of you are treating this as a hobby or something to do.

A special commendation to Pampaq for his work and dedication. He has made this his own and has tried very hard to help and hold the fort. I know he has taken some heat for all the indicators and that is fine. I would like to keep the charts clean as what matters is price and nothing else.

If indicators help you that is fine I don't mind seeing them but I would like to keep anyone from posting indicators. They are not a part of anything I am teaching here. They certainly have there place and are useful tools for some of you but I would like to remind you that they are just tools and should not provide you with entry signals.

They run behind price and have 0 predictive value. I live ahead of price that's why they are useless to me. Good luck put your boots on and get in the fight. I hope to see you continue to grow.

I would like some feedback from you all, what's on your mind? Why have you given up? Why have you fallen apart while I was gone?

My absence was intentional it has dual purpose:

1. It gives you time to work build and make it your own.
2. To separate the 10% from the 90.

My question to you is who are you????? and what is your work ethic??????
If you fail to plan, you plan to fail.
  • #10,577
  • Oct 31, 2014 10:59am Oct 31, 2014 10:59am
Quoting Mr. Pip
Hello Traders, I would like to thank everyone for their contribution and for staying active while I was away. I will be coming back soon and hope to keep it going. We still have work to do and I would have liked to have seen traders building on what has been taught here so far. Some of you have and others have made this your own. I would like for those that are still interested to call out and really commit I leave and come back for a reason and that's to give you time to build, embrace and make these skills your own. The ones that are still around...
Personally, I haven't given up; however, I would say that I suffer from distraction. I believe that I am on the edge of grasping everything that you teach, but am focused more on the destination rather than enjoying the journey...or, paying the necessary price. I have been jumping around from system to system looking for a way to minimize subjection. In all of that distraction, I find that I have gone nowhere. I will get back to the basics of your thread (i.e. learning to read price action and trade with expectation). I am committed to being part of the 10%. Thanks for giving us space to grow. But, I feel, the master is needed.
  • #10,578
  • Oct 31, 2014 11:08am Oct 31, 2014 11:08am
Hi Mr Pip

I only discovered this thread a few days ago, I've been trading on and off for a good while and have had reasonable successes and failures in the past. I guess inconsistent describes my trading historically.

Reading your posts and watching the videos however hit me like a ton of bricks! everything that I had already learned about Fibonacci ratios etc has come together and helped give me some structure to my trading. I had looked at Harmonics in the past but dismissed the Bats, Butterflys and Crabs as some kind of Hocus Pocus, and there's enough of that in the FX world that ive filtered through over the years.

I don't trade FX much mainly the indeces, as I am based in the UK then its mainly the DAX.


Anyway, the reason for this post...

I wanted to take this opportunity to say thank you for the time and effort that you have put into this thread, It really is the best educational trading thread that I have ever come across.

I hope that you have a great weekend and look forward to increasing my knowledge of harmonics and maybe even taking a few FX trades along with some of the experienced traders who post here.


Regards

Chalky

PS ..... I haven't asked any questions because I find that you have answered them already if I take the time to look.
  • #10,579
  • Oct 31, 2014 11:17am Oct 31, 2014 11:17am
Hi Mr.Pip

I have been learning with you since almost 1 year now , and have improved my trading a lot, I trade based on TMS and indicators, but use ABCD as backbone in my trading and finally I can say that I am joining the 10% of traders that make it in the business but that didnt come from nothing, it came from staying with the same strategy and waking up as early as 4 .am. on daily basis before going out to work to do back-testing , but well worth it

I would sincerely like o thank you and pampaq (http://www.forexfactory.com/showthread.php?p=7835235#post7835235) for helping us along the way , hope you can get back to the thread , it needs you
I Have Learned to Take Some Losses to Make Profits
  • #10,580
  • Oct 31, 2014 12:13pm Oct 31, 2014 12:13pm
Hi MR Pip, not being an active contributor here, but i am with you and this thread since the start! It is thanks to you and your clear way of teaching that i got an entrance to the "world" of harmonic. I am really glad you are back and i hope you are getting back the thread how it was supposed to be. I thank also Pampaq for keeping the things going even if like you already said ,he was able to making the things its own but clean charts work better for me. Looking forward...
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