Ratios & Harmonics: a Different Way to Trade | Page 550 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

"Ratios & Harmonics: a Different Way to Trade." Summary 37 replies

Learning to trade with harmonics 11 replies

Time for Change - Pivots & Harmonics to freedom 67 replies

180 reasons to trade Harmonics and Patterns 13 replies

Group Trading based on Elliott wave and Harmonics 0 replies

Attachments: Ratios & Harmonics: a Different Way to Trade
Exit Attachments

Ratios & Harmonics: a Different Way to Trade

  • #10,981
  • Nov 19, 2014 5:56am Nov 19, 2014 5:56am
Quoting Chalky600
Rotation. Rotation, Rotation...... With regard to Rotation and of course ultimately entering, or exiting a trade, I would like to re-raise the topic, hope that's OK I entered a couple of trades this morning, Aggressive C types at reasonable harmonic retracement points but the price had other idea's and after pausing, when I entered continued against me. only to rotate and do exactly what I was expecting but from a higher level, of say 10 pips or so It seems when I am patient and rotation is clear then I feel I am entering the trade to late, sometimes...
I am torn between #1 and #3 in this. Its pretty much a trade-off. Either you do #1 with a little bit better probability at your side but with wider stops, or do #3 which usually gives a higher R:R ratio.

I want to see more confluence in my setups so I guess I'm more inclined to #1.
  • #10,982
  • Nov 19, 2014 6:21am Nov 19, 2014 6:21am
Mr pips

is there a pdf with all step.by step way of doing your method.or.a.recent video to.follow so i can learn.
so far got.to.page 26 out of 550

hard work sifting the postings
  • #10,983
  • Nov 19, 2014 6:26am Nov 19, 2014 6:26am
Wellcome poruchik to the group

maybe with mr pips method he could improve zup indicator to be better as well as having emerging patterns
  • #10,984
  • Nov 19, 2014 6:38am Nov 19, 2014 6:38am
Quoting YoungCroc
{quote} I am torn between #1 and #3 in this. Its pretty much a trade-off. Either you do #1 with a little bit better probability at your side but with wider stops, or do #3 which usually gives a higher R:R ratio. I want to see more confluence in my setups so I guess I'm more inclined to #1.
Thanks Croc

Maybe a fourth option is place half trade #1 and half #3

be interesting to hear Mr Pips view
  • #10,985
  • Nov 19, 2014 6:39am Nov 19, 2014 6:39am
yea i agree with devontrader..

i dont know wats wrong with zup indicator.. the calculations seems not correct with the pattern.
any indicator out there tat can help with precise measurement?

thanks
  • #10,986
  • Nov 19, 2014 6:47am Nov 19, 2014 6:47am
Quoting crushbeat
yea i agree with devontrader.. i dont know wats wrong with zup indicator.. the calculations seems not correct with the pattern. any indicator out there tat can help with precise measurement? thanks
poruchik.is a member of this group.and is the man to do.with zup indicator.his input would be great in getting zup tweaked to my pips method.also a complete video of.my pips teaching his method.start to finsih so all can follow and learn from would be fantastic toofrom slow step by step process of each fib and creating a pattern to rules and money.management...to placing a trade with stops.andnprofit targwts shown
  • #10,987
  • Nov 19, 2014 6:50am Nov 19, 2014 6:50am
hmm ic.. as long as mr pips agrees with it..
really need a indicator for mt4 like harmonic analyzer software.

maybe scalper can help with it.

thanks
  • #10,988
  • Nov 19, 2014 6:57am Nov 19, 2014 6:57am
If mr pips agrees

maybe poruchik and scalper could get together
  • #10,989
  • Nov 19, 2014 6:59am Nov 19, 2014 6:59am
Quoting crushbeat
hmm ic.. as long as mr pips agrees with it.. really need a indicator for mt4 like harmonic analyzer software. maybe scalper can help with it. thanks
Crushbeat and Devontrader...not sure if you have noticed as you've read the prior posts; however, I'm confident that Mr Pip would encourage you both to direct your focus towards reading price action rather than using indicators.

So, let's maintain the integrity of the thread. Thanks in advance!
  • #10,990
  • Nov 19, 2014 7:04am Nov 19, 2014 7:04am
Quoting jpnavigate
{quote} Crushbeat and Devontrader...not sure if you have noticed as you've read the prior posts; however, I'm confident that Mr Pip would encourage you both to direct your focus towards reading price action rather than using indicators. So, let's maintain the integrity of the thread. Thanks in advance!
X2.
Damn The Torpedoes, Full Speed Ahead!
  • #10,991
  • Nov 19, 2014 7:05am Nov 19, 2014 7:05am
Quoting jpnavigate
{quote} Crushbeat and Devontrader...not sure if you have noticed as you've read the prior posts; however, I'm confident that Mr Pip would encourage you both to direct your focus towards reading price action rather than using indicators. So, let's maintain the integrity of the thread. Thanks in advance!
yes fair comment550 pages to sift out the info is a lot but here goes
  • #10,992
  • Nov 19, 2014 7:09am Nov 19, 2014 7:09am
Quoting devontrader
{quote} yes fair comment550 pages to sift out the info is a lot but here goes
Took me a month to get through all of the pages! Good luck.
  • #10,993
  • Nov 19, 2014 7:11am Nov 19, 2014 7:11am
Quoting devontrader
{quote} yes fair comment550 pages to sift out the info is a lot but here goes
You won't regret going through all those pages.
  • #10,994
  • Nov 19, 2014 7:13am Nov 19, 2014 7:13am
Any pdf or videos to help?
  • #10,995
  • Nov 19, 2014 7:48am Nov 19, 2014 7:48am
ONEtoONE in MR, we will see back, Greetings, I hope bearish candlestick pattern and get sold., To 38% or demand zone, 50%
regards
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH11to1enRM.png Size: 75 KB
  • #10,996
  • Nov 19, 2014 7:54am Nov 19, 2014 7:54am
Quoting Chalky600
Rotation. Rotation, Rotation...... With regard to Rotation and of course ultimately entering, or exiting a trade, I would like to re-raise the topic, hope that's OK I entered a couple of trades this morning, Aggressive C types at reasonable harmonic retracement points but the price had other idea's and after pausing, when I entered continued against me. only to rotate and do exactly what I was expecting but from a higher level, of say 10 pips or so It seems when I am patient and rotation is clear then I feel I am entering the trade to late, sometimes...
Hello Chalky

Aggressive C trades should be taken in- line with orderflow. Wait for a candle close to assess strength and weakness, through projection, depth and momentum analysis, and then have a expectation of what should happen next. NSH or NSL, depending on the depth or pull-back. If your expectation is not playing out tighten your stops.

Regards
Aj1
  • #10,997
  • Nov 19, 2014 8:06am Nov 19, 2014 8:06am
I took another long on the EJ. IMO there was enough harmonic confluence and structure rejection for me to reenter the trade with order flow. It is currently in progress. Here's the chart. My entry was after the most recent rotation (shown in the last ellipse).
Attached Image (click to enlarge)
Click to Enlarge Name: $EURJPY (144 Tick) 11_19_2014 (2).png Size: 92 KB
  • #10,998
  • Nov 19, 2014 8:19am Nov 19, 2014 8:19am
Quoting claytonator
Nice trading everyone. I'm learning a lot so thank you and please keep them coming. I am still watching the CADJPY 15 min chart. On the chart below I have shown my prognosis but basically there are 3 main points of confluence telling me to watch this area closely. A deep crab pattern and 2 AB=CD patterns. As always your thoughts and ideas are most welcome. {image}
Nice harmonic confluence in your projected area. Looks like a nice reversal zone. Haven't checked out crab patterns and the like but if it adds to your case, then good.
  • #10,999
  • Nov 19, 2014 8:27am Nov 19, 2014 8:27am
Quoting YoungCroc
I took another long on the EJ. IMO there was enough harmonic confluence and structure rejection for me to reenter the trade with order flow. It is currently in progress. Here's the chart. My entry was after the most recent rotation (shown in the last ellipse). {image}
Looking good. Keep up the excellent work!
  • #11,000
  • Nov 19, 2014 8:42am Nov 19, 2014 8:42am
Quoting YoungCroc
I took another long on the EJ. IMO there was enough harmonic confluence and structure rejection for me to reenter the trade with order flow. It is currently in progress. Here's the chart. My entry was after the most recent rotation (shown in the last ellipse). {image}
Nice looking trade YoungCroc and thank you for your comment. It's good to know I'm thinking along the right sort of lines.
36 traders viewing now