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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

  • #11,001
  • Nov 19, 2014 6:56am Nov 19, 2014 6:56am
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  • #11,002
  • Nov 19, 2014 6:58am Nov 19, 2014 6:58am
Quoting pampaq
ONEtoONE in MR, we will see back, Greetings, I hope bearish candlestick pattern and get sold., To 38% or demand zone, 50% regards {image}
reaching 38%. Control for price reaction in that area.
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  • #11,003
  • Nov 19, 2014 7:09am Nov 19, 2014 7:09am
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}
Got out of the trade for another small profit as price continued to charge to my BE level.
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  • #11,004
  • Nov 19, 2014 7:54am Nov 19, 2014 7:54am
Quoting YoungCroc
{quote} Got out of the trade for another small profit as price continued to charge to my BE level. {image}
Without having my own chart to reference, it looks like the impulse leg you entered your trade on achieved close to a 161.8% extension of its preceding harmonic leg. True? If price is able to achieve that level, I've generally noticed that it will react quite sharply. These levels indicate areas of exhaustion. Therefore, it's a good bet to monitor your trade closely and once you see a sign of failure, exit. Easy for me to say, right? I'm saying all of this in hindsight. Anyway, good on you for entering when you did. Just my two pips.
  • #11,005
  • Nov 19, 2014 8:11am Nov 19, 2014 8:11am
Quoting devontrader
{quote} yes fair comment550 pages to sift out the info is a lot but here goes
Thats a lot I agree, its because the information that you are going to read here, are Golden tips that really will take you a longer time to read because ur going to read it carefully, as I did a year and a half ago when the thread was only around 200 pages more or less , but took me 6 months reading it
I Have Learned to Take Some Losses to Make Profits
  • #11,006
  • Nov 19, 2014 9:48am Nov 19, 2014 9:48am
Mr Pip

I was looking for an entry on this Cable 1min, but I could not see any weakness in the trend, projection or depth, is there something else I should have been looking at. How would you of handled it.
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  • #11,007
  • Nov 19, 2014 9:54am Nov 19, 2014 9:54am
Hi All,

New to this site and this thread is the reason I subscribed.
Got an awful lot of reading to do before catching up to this post and understanding what is going on but sooner I get started sooner I get up to this point.

Now, where was page one again...........
  • #11,008
  • Nov 19, 2014 1:03pm Nov 19, 2014 1:03pm
Quoting HerbieDragon
Hi All, New to this site and this thread is the reason I subscribed. Got an awful lot of reading to do before catching up to this post and understanding what is going on but sooner I get started sooner I get up to this point. Now, where was page one again...........
Welcome to the thead HerbieDragon. You are on the right track by reading through all the pages of this thread. You will find that this style of trading will free yourself from indicators and give you a better understanding of the market. Ask questions as needed, there are several people here that can help out.
Damn The Torpedoes, Full Speed Ahead!
  • #11,009
  • Nov 19, 2014 1:34pm Nov 19, 2014 1:34pm
Quoting pampaq
{quote} reaching 38%. Control for price reaction in that area. {image} {image}
with or without news, 61% reached greetings.
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  • #11,010
  • Nov 19, 2014 1:50pm Nov 19, 2014 1:50pm
Thanks guys i will get reading

i must admit i do not learn well by reading,,im more of a guy who learns by watching,,eg videos ,,,so any suggestions are welcome.

you know i have the classics all setup with the zup indicator,,,yes it looks good BUT like 99% of indicators they repaintand zup repaints.
only way to confirm is by checking the ratios

so ive come to conclude like mr pips manual drawing method is better,,and not use indicators
  • #11,011
  • Nov 19, 2014 1:59pm Nov 19, 2014 1:59pm
Post 1 page 1 has a great link to what killian has provided

http://www.forexfactory.com/showthread.php?t=403393

looks like its very valueable so recommend every one reads it

i just hope its kept up to date as its all the vital info for anyone to learn
  • #11,012
  • Nov 19, 2014 3:29pm Nov 19, 2014 3:29pm
Quoting jpnavigate
Entered short on the GBPJPY pair. Reasons for entering: 1) 61.8% retracement of the main swing; 2) lack of bullish conviction around this level. *Update 1: After several minutes worth of consolidation, price advanced to the 78.6% level. Seems to be moving as expected now. *Update 2: Lost 20 pips...darn. {image}
Hang in there, price had increased momentum as it corrected initially and then failed to make the NSL producing a very shallow higher low this is a strong message that price could continue higher. I can't see a whole lot of structure in your area of entry. Did you have any?
If you fail to plan, you plan to fail.
  • #11,013
  • Nov 19, 2014 3:30pm Nov 19, 2014 3:30pm
Quoting DizzleFX
The Good, The Bad, The Ugly! I entered thinking that this was going to be the perfect setup, is now going against me. On the EU M5, orderflow has been to the upside. My expectation was that after making the NSH, price would retrace back down into the bottom blue box and this would be were I expect the rotation to happen. The long wick of my entry candle came down into the rotation area, touched the 61.8 fib and closed showing that the bulls wanted to play. My TP is based on the confluence of the CD leg along with the 127.2 and 138.2 fib area. EDIT:...
Nice!
If you fail to plan, you plan to fail.
  • #11,014
  • Nov 19, 2014 3:33pm Nov 19, 2014 3:33pm
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...
Number one! I only before a candle close if there is extreme weakness and massive structure.
If you fail to plan, you plan to fail.
  • #11,015
  • Nov 19, 2014 3:36pm Nov 19, 2014 3:36pm
Quoting devontrader
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
No but I am going to be making a video soon on rotation and another on expectations as it was requested . I am also planning a live trading session with who ever want to join me so you all could watch it live.
If you fail to plan, you plan to fail.
  • #11,016
  • Nov 19, 2014 3:39pm Nov 19, 2014 3:39pm
Quoting devontrader
Wellcome poruchik to the group maybe with mr pips method he could improve zup indicator to be better as well as having emerging patterns
In my opinion the ZUP is crap it uses the ZIGZAG as it base and that repaints terribly. A sure way to get killed. Avoid it, learn the ratios and forget the indicators
If you fail to plan, you plan to fail.
  • #11,017
  • Nov 19, 2014 3:46pm Nov 19, 2014 3:46pm
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...
Hi, Chalky600: the number 1, and then a candlestick pattern, reversal to confirm the trade, in turn, expected to break the minimum or maximum of that reversal candle.
Another point is the structure that has void of prices rise or fall, ie has no obstacles in their way the price, if any, show that quality is, if these barriers, both resistances and supports, are major or minor, a single pivot or congestion, especially, buy support and sell resistance.
regards
  • #11,018
  • Nov 19, 2014 3:49pm Nov 19, 2014 3:49pm
Quoting devontrader
If mr pips agrees maybe poruchik and scalper could get together
Listen guys there are no short cuts, you all know how I feel about indicators. If you really want to learn to trade at a professional lever stop trying to find crappy tool to teach you what you should already know.

At this point anyone who has done there homework should be able to look at a chart an know where price is heading and where it should turn. I'm spilling my guts here teaching you how to do this and the majority are looking for indicators. It's time to ask yourselves if you want to follow something blindly or empower your self to cross over to the other side. The side where the grass is greener and the beer is colder.
If you fail to plan, you plan to fail.
  • #11,019
  • Nov 19, 2014 3:51pm Nov 19, 2014 3:51pm
Quoting pampaq
ONEtoONE in MR, we will see back, Greetings, I hope bearish candlestick pattern and get sold., To 38% or demand zone, 50% regards {image}
Great trading!
If you fail to plan, you plan to fail.
  • #11,020
  • Nov 19, 2014 3:51pm Nov 19, 2014 3:51pm
Quoting Aj1
{quote} 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
If you fail to plan, you plan to fail.
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