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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

  • #10,941
  • Nov 17, 2014 8:17pm Nov 17, 2014 8:17pm
Hi Mr Pip and all,
I got this chart from Mr Pip previous post. I marked my question in the chart. let me know if you don't understand my question.
Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD (60 Min) 11_13_2014.jpg Size: 159 KB
  • #10,942
  • Nov 17, 2014 11:51pm Nov 17, 2014 11:51pm
measures to the pip

Attached Image (click to enlarge)
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Never said I was Batman,all I'm saying is you'll never see us together.
  • #10,943
  • Nov 18, 2014 12:40am Nov 18, 2014 12:40am
Hi all, many thanks to Mr Pips for this great thread!

Here are two setups I am keeping an eye on.

Potential Bat pattern on EURAUD
Attached Image (click to enlarge)
Click to Enlarge Name: EURAUDH4.png Size: 47 KB


Potential Gartley pattern on GBPNZD
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDDaily.png Size: 50 KB
  • #10,944
  • Edited 1:57am Nov 18, 2014 1:00am | Edited 1:57am
Goodmorning everybody,

Watching the GBPAUD today.
The first chart show the zoomed out view. The orderflow on the longterm is obvious down.
The second chart shows the current orderflow. Price made a NSL on the shortterm orderflow which is in line with longterm orderflow.
There is also a show of weakness from the bulls. so looking to short the market.

Update 1: entered the short. A bit late but there is enough confluence
Update 2: Price heading south with strength. because of the deep retracement. I will keep an eye on a possible hl or retest.
Update 3: Price retested the low. expectation is an shallow pullback to an area of structure. from there i expect a nsl.
Update 4: price showed a increase in strength to the upside. so exited the trade.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: $GBPAUD (233 Tick) 18-11-2014.jpg Size: 223 KB
Click to Enlarge Name: $GBPAUD (233 Tick) 18-11-2014.2.jpg Size: 195 KB
  • #10,945
  • Nov 18, 2014 3:46am Nov 18, 2014 3:46am
Quoting aky
Hi all, many thanks to Mr Pips for this great thread! Here are two setups I am keeping an eye on. Potential Bat pattern on EURAUD {image} Potential Gartley pattern on GBPNZD {image}
GBPNZD - bullish Gartley on H4 or D1 - great potential - still valid. I'm in on a potential fake out
Attached Image (click to enlarge)
Click to Enlarge Name: formationseeker 18112014-2.png Size: 115 KB
  • #10,946
  • Edited 4:24am Nov 18, 2014 4:13am | Edited 4:24am
Update on CADJPY trade from yesterday. This trade is going better than expected and has now reached the previous high. I am now looking at a possible AB=CD formation should price break this current high. The trade is currently up approximately 100 pips sinse entering close to point C (61.8% retracement of main swing AB). I currently have a trailing stop loss which is keeping me in the trade. Worse case scenario price hits my stop loss which is a 70 pip profit. I'm loving harmonics

Attached Image (click to enlarge)
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UPDATE - No sooner than I post the chart price spiked down and stopped me out. Total number of pips 73. Can't complain with that.

Attached Image (click to enlarge)
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  • #10,947
  • Nov 18, 2014 5:26am Nov 18, 2014 5:26am
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}
Pay attention to the price, we have taken part of the profits, and set SL, greetings. +112 pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XAUUSDH4enpopa.png Size: 64 KB
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Click to Enlarge Name: XAUUSDWeeklytp.png Size: 53 KB
  • #10,948
  • Nov 18, 2014 6:02am Nov 18, 2014 6:02am
Quoting pampaq
{quote} Pay attention to the price, we have taken part of the profits, and set SL, greetings. +112 pips {image} {image} {image}
You are the main man Pampaq
Never said I was Batman,all I'm saying is you'll never see us together.
  • #10,949
  • Nov 18, 2014 7:28am Nov 18, 2014 7:28am
Quoting jpnavigate
{quote} 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). {image}
Looking at the chart now, my expectations didn't hold and it should've hit my TS. The bulls just had to appear.
  • #10,950
  • Nov 18, 2014 7:44am Nov 18, 2014 7:44am
Here's a missed trade I had for the EU. Would've had +20 quick pips from the trade but I think I waited for confirmation too much. Price left without me and I didn't pull the trigger anymore because of a wider SL.

Hindsight got me again. Oh well. Will look for other opportunities...
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD (144 Tick) 11_18_2014 (1).png Size: 79 KB
  • #10,951
  • Nov 18, 2014 7:46am Nov 18, 2014 7:46am
Quoting claytonator
Update on CADJPY trade from yesterday. This trade is going better than expected and has now reached the previous high. I am now looking at a possible AB=CD formation should price break this current high. The trade is currently up approximately 100 pips sinse entering close to point C (61.8% retracement of main swing AB). I currently have a trailing stop loss which is keeping me in the trade. Worse case scenario price hits my stop loss which is a 70 pip profit. I'm loving harmonics {image} UPDATE - No sooner than I post the chart price spiked...
Hi,
There is that nice bearish crab pattern on the higher time frame.
Attached Image (click to enlarge)
Click to Enlarge Name: formationseeker 18112014-4.png Size: 102 KB
  • #10,952
  • Nov 18, 2014 7:57am Nov 18, 2014 7:57am
Quoting Mr. Pip
{quote} Excellent, I was not able to get to my PC in time for it managed like a pro!!!!
Thanks. At least I now know I'm kind of doing it right.
  • #10,953
  • Nov 18, 2014 8:32am Nov 18, 2014 8:32am
Crabs are my favourite especially after the price rallies nearly vertical to the PRZ. This one found on CADJPY higher time frame looks really good. After break above 100.00 seems we need a breather back to the break out level - first TP.
  • #10,954
  • Nov 18, 2014 8:55am Nov 18, 2014 8:55am
Quoting YoungCroc
Here's a missed trade I had for the EU. Would've had +20 quick pips from the trade but I think I waited for confirmation too much. Price left without me and I didn't pull the trigger anymore because of a wider SL. Hindsight got me again. Oh well. Will look for other opportunities... {image}
Don't be too hard on yourself. You always have to consider the R:R ratio. If you're upside down on your R:R, that's a bad way to trade.
  • #10,955
  • Nov 18, 2014 9:13am Nov 18, 2014 9:13am
Quoting L.Fibonacci
{quote} Hi, There is that nice bearish crab pattern on the higher time frame. {image}
Hi L.Fibonacci,

I never thought about looking at a timeframe higher then 4hrs before. I shall take this into account going forwards. Thank you for your input.
  • #10,956
  • Nov 18, 2014 9:27am Nov 18, 2014 9:27am
Quoting claytonator
{quote} Hi L.Fibonacci, I never thought about looking at a timeframe higher then 4hrs before. I shall take this into account going forwards. Thank you for your input.
When it comes to harmonics I prefer D1 H4 and occasionaly H1.
  • #10,957
  • Nov 18, 2014 9:43am Nov 18, 2014 9:43am
Quoting claytonator
{quote} Hi L.Fibonacci, I never thought about looking at a timeframe higher then 4hrs before. I shall take this into account going forwards. Thank you for your input.
That's what is so beautiful about Harmonics...it works on every TF. More importantly for you; however, is to determine what type of trader you are - scalper, day trader, swing trader, or long term.
  • #10,958
  • Nov 18, 2014 10:06am Nov 18, 2014 10:06am
Hi !
This long setup was ok ???? I want to hear from you...
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM5 --- weaknes of bears.png Size: 54 KB
  • #10,959
  • Nov 18, 2014 10:10am Nov 18, 2014 10:10am
Quoting jpnavigate
{quote} That's what is so beautiful about Harmonics...it works on every TF. More importantly for you; however, is to determine what type of trader you are - scalper, day trader, swing trader, or long term.
That is a vey good question and one I am still trying to figure out. To be honest I would like to be able to trade them all however I believe I would feel more at home scalping. The more I read up on harmonics the more I am liking it however I still struggle seeing trades at the moment. I am currently only spotting about 1 set up a day but it's a start. With Mr Pips guidance as well as everyone here being so helpful I know I will get there sooner rather than later. There is plenty of money out there for all of us.
  • #10,960
  • Nov 18, 2014 10:52am Nov 18, 2014 10:52am
Hai to all,

Final and last version of my harmonics zone projection

"HARMONICS_ZONES_V2" shortly to be realesed.
ADDED FEATURES.

1] Drawing of the triangles for clear visual

Attached Image (click to enlarge)
Click to Enlarge Name: added triangle.png Size: 40 KB

Attached Image (click to enlarge)
Click to Enlarge Name: new feature.png Size: 135 KB


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