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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

  • #10,921
  • Nov 17, 2014 8:50am Nov 17, 2014 8:50am
Quoting claytonator
{quote} Thank you for your comments and feedback YoungCroc. I really appreciate it. I took off some fib lines as my chart was getting very cluttered but yes it was within what I thought was the correct range. The Cypher pattern actually confirmed the 61.8% retracement of the main swing. I was initially looking at the main Swing and saw a retracement to the 61.8% fib level. This was my point C in the initial AB=CD formtion. I wanted further confirmation of this being a possible turning point which is why i then started to look for other factors such...
No problem.
  • #10,922
  • Nov 17, 2014 9:23am Nov 17, 2014 9:23am
Quoting YoungCroc
{quote} Price went against me again by another 15 pips, but again I chose to stay in my trade unless there is a clear break through the structure up top. That imo will tell me that I'm really wrong in my approach. {image} UPDATE: Patience worked out for me this time. Now at BE. {image} UPDATE: Trailed stop behind structure above price. {image}
Done with this trade. Exited early for +35 pips as I'm drained and I'm not comfortable leaving trades overnight. I would expect price to go further down though, so if I would put my TP somewhere while I sleep, it could be somewhere between 1.2450 and 1.2400.

Sleepy. Till next time, traders.
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD (144 Tick) 11_17_2014 (13).png Size: 71 KB
  • #10,923
  • Nov 17, 2014 9:27am Nov 17, 2014 9:27am
Quoting YoungCroc
{quote} Done with this trade. Exited early for +35 pips as I'm drained and I'm not comfortable leaving trades overnight. I would expect price to go further down though, so if I would put my TP somewhere while I sleep, it could be somewhere between 1.2450 and 1.2400. Sleepy. Till next time, traders. {image}
beautiful managed!

Only got a few pips from that move.
Could not get my focus on today. guess some braincells didnt manage to survive the weekend.
  • #10,924
  • Nov 17, 2014 9:46am Nov 17, 2014 9:46am
Quoting YoungCroc
{quote} Done with this trade. Exited early for +35 pips as I'm drained and I'm not comfortable leaving trades overnight. I would expect price to go further down though, so if I would put my TP somewhere while I sleep, it could be somewhere between 1.2450 and 1.2400. Sleepy. Till next time, traders. {image}
Congrats on 35 green pips! I'm thinking your overnight TP projections are spot on. At least, they match what I'm thinking. Expecting price to run into a PRZ area ranging from 1.2435 to 1.2410 (large range, I know).

Attached Image (click to enlarge)
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  • #10,925
  • Nov 17, 2014 9:53am Nov 17, 2014 9:53am
Quoting YoungCroc
{quote} Done with this trade. Exited early for +35 pips as I'm drained and I'm not comfortable leaving trades overnight. I would expect price to go further down though, so if I would put my TP somewhere while I sleep, it could be somewhere between 1.2450 and 1.2400. Sleepy. Till next time, traders. {image}
Very nice trade.
  • #10,926
  • Nov 17, 2014 10:13am Nov 17, 2014 10:13am
Quoting YoungCroc
{quote} I would've taken the long trade there as well, as that bullish candle was very tempting to dance with. I would've disregarded what happened at the left which was a HUGE drive down and I would've disregarded the resulting expectation of a shallow pullback up and continued movement down. Trading with expectations is tough, the fear of being wrong is always there, but I learn a lot from charts like this and from my own mistakes as well. Thanks for your post.
No worries and thanks for the comments. I have 2 goals, financial independance and to help others achieve financial independance. So I'm glad my posts are useful.
  • #10,927
  • Nov 17, 2014 10:23am Nov 17, 2014 10:23am
Quoting Mack2013
{quote} No worries and thanks for the comments. I have 2 goals, financial independance and to help others achieve financial independance. So I'm glad my posts are useful.
I share those goals!
  • #10,928
  • Nov 17, 2014 11:29am Nov 17, 2014 11:29am
Hai to all,

First day of the weak, i hope all doing good, i have updated my harmonic test primary version indi, in the name of "HARMONICS ZONES V1.1"

FEATURES:-
1]added cypher,crab
2]you can select any pattern you want to view from the list.
3]all levels are carefully coded with guidelines provided by pdf.
4] some bugs fixed.

IMPORTANT
the indi is not a magical tool of price projection , but it will help to plot the pattern zones.

shortly to be released here....
Attached Image (click to enlarge)
Click to Enlarge Name: updated indi.png Size: 220 KB
  • #10,929
  • Nov 17, 2014 11:51am Nov 17, 2014 11:51am
bugs fixed like this.

morning image missed a zone
Attached Image (click to enlarge)
Click to Enlarge Name: morning picture.png Size: 46 KB


present picture added the zone and corrected my mistakes
Attached Image (click to enlarge)
Click to Enlarge Name: updated software pic.png Size: 40 KB
  • #10,930
  • Nov 17, 2014 12:38pm Nov 17, 2014 12:38pm
Quoting YoungCroc
{quote} Done with this trade. Exited early for +35 pips as I'm drained and I'm not comfortable leaving trades overnight. I would expect price to go further down though, so if I would put my TP somewhere while I sleep, it could be somewhere between 1.2450 and 1.2400. Sleepy. Till next time, traders. {image}
Excellent, I was not able to get to my PC in time for it managed like a pro!!!!
If you fail to plan, you plan to fail.
  • #10,931
  • Nov 17, 2014 1:00pm Nov 17, 2014 1:00pm
Looks like price on the EU was able to get past that first level of supply and buyers were still willing to pay higher prices and there was too much strength to give sellers the confidence to engage. Price did not find any further buyers at the next supply area and seller were nice and rested.

I cleaned up the chart I've been posting and extended the supply and demand zones across to current price action so you all can see how powerful this is and how it can help make your decision making easier.

Price should have found support down here already but the bull were MIA. I did take a couple of trades down here looking for a better correction but has not happen and might not happen. There is decent support here and I'm quite concerned that if the bulls do not show up soon this market will continue to push it's way lower. I arrived late to my PC so could not take advantage of the nice short but was able to snag almost 6 pips from this mess down here on my second chart felt like a scalper LOL.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: $EURUSD (60 Min) 11_17_2014.jpg Size: 107 KB
Click to Enlarge Name: $EURUSD (233 Tick) 11_17_2014.jpg Size: 119 KB
If you fail to plan, you plan to fail.
  • #10,932
  • Nov 17, 2014 1:21pm Nov 17, 2014 1:21pm
Quoting Mr. Pip
Looks like price on the EU was able to get past that first level of supply and buyers were still willing to pay higher prices and there was too much strength to give sellers the confidence to engage. Price did not find any further buyers at the next supply area and seller were nice and rested. I cleaned up the chart I've been posting and extended the supply and demand zones across to current price action so you all can see how powerful this is and how it can help make your decision making easier. Price should have found support down here already...

Hi Mr Pip

Jus so i am sure I am reading your chart correctly

Was that a buy, then a sell and then a buy on the Chart?

Thanks

Chalky
  • #10,933
  • Nov 17, 2014 1:35pm Nov 17, 2014 1:35pm
Quoting Chalky600
{quote} Hi Mr Pip Jus so i am sure I am reading your chart correctly Was that a buy, then a sell and then a buy on the Chart? Thanks Chalky
Yes, that is correct and price is just not going anywhere. We are getting rotation but no follow through. I am sitting on my hands and will call it a day. I know any trades taken in an area like this must be handled very aggressively no I do not give it any room.

I know you all must be saying "Mr. Pip always says to give the trade room to materialize and manage the trade". This is true but I have an expectation on how price should behave and how it should move. When that does not occur I'm out.

When we have rotation is price from one side to the other, that is the point when price is the strongest on that rotation there should be a smooth transition and continuation should continue. If that does not occur within the next few candle then chances are higher that price or the trade will go against you. There is TONS of weakness here where there should not be. there is good structure the 61.8 of the main move from Friday and the met my expectation on where it should correct if it is going to go higher. The fact that it's been here for most of the day and neither side has established dominance is very troubling.

This could very easily give way to the resting bears.
If you fail to plan, you plan to fail.
  • #10,934
  • Nov 17, 2014 4:29pm Nov 17, 2014 4:29pm
Quoting Mack2013
{quote} No worries and thanks for the comments. I have 2 goals, financial independance and to help others achieve financial independance. So I'm glad my posts are useful.
Have you read this e book yet http://www.tradeguider.com/mtm_251058.pdf think it might help a lot with the PA side of your trading ... ignore the VSA stuff its a con
Never said I was Batman,all I'm saying is you'll never see us together.
  • #10,935
  • Nov 17, 2014 5:40pm Nov 17, 2014 5:40pm
Controlling, we have a OneToOne, however it can also be a 123, we'll see how the price reacts and take position there.
greetings,
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  • #10,936
  • Nov 17, 2014 6:05pm Nov 17, 2014 6:05pm
Quoting headfake
{quote} Have you read this e book yet http://www.tradeguider.com/mtm_251058.pdf think it might help a lot with the PA side of your trading ... ignore the VSA stuff its a con
Thank you very much. I'm a sponge for information. looks like I got some homework
  • #10,937
  • Nov 17, 2014 6:10pm Nov 17, 2014 6:10pm
Quoting Mack2013
{quote} Thank you very much. I'm a sponge for information. looks like I got some homework

let me know how you get on with it, blew me away when I first read it
Never said I was Batman,all I'm saying is you'll never see us together.
  • #10,938
  • Nov 17, 2014 6:45pm Nov 17, 2014 6:45pm
hai to all and very good morning,

I fall asleep, just no i saw the pm , that i had green signal for posting this indicator, Thanks to Mr.Pip,

This is Fibonacci levels plotter tool, nothing other than it, if price respected these levels, then it is not by this indicator, but the Fibonacci levels.those who have difficult plotting the Fibonacci will use this indi.

IMPORTANT:-
Once the high (bullish pattern) or low(bearish pattern) is taken out that particular pattern will become invalid, search for new patterns, or wait for it to occur.

Please point out any further developments
.
Attached File(s)
File Type: ex4 Harmonics_Zone_V1.ex4   12 KB | 1,538 downloads
  • #10,939
  • Nov 17, 2014 6:48pm Nov 17, 2014 6:48pm
Quoting pampaq
Controlling, we have a OneToOne, however it can also be a 123, we'll see how the price reacts and take position there. greetings, {image}
yes saw that 1 Pampaq , golds looking quite bullish to me atm tho..
Never said I was Batman,all I'm saying is you'll never see us together.
  • #10,940
  • Nov 17, 2014 6:53pm Nov 17, 2014 6:53pm
Quoting scalper.exp
hai to all and very good morning, I fall asleep, just no i saw the pm , that i had green signal for posting this indicator, Thanks to Mr.Pip, This is Fibonacci levels plotter tool, nothing other than it, if price respected these levels, then it is not by this indicator, but the Fibonacci levels.those who have difficult plotting the Fibonacci will use this indi. IMPORTANT:- Once the high (bullish pattern) or low(bearish pattern) is taken out that particular pattern will become invalid, search for new patterns, or wait for it to occur. Please point...
Thank you Scalper For the tool. I hole those of you that will implement this into your tool box use it correctly. Do not become dependent on this or any other tool to read the charts. Look like the EU finally found some support looks like might be short lived. Have a good night and many pips to all! We will talk again tomorrow.
If you fail to plan, you plan to fail.
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