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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

  • #11,081
  • Nov 22, 2014 1:38am Nov 22, 2014 1:38am
Quoting pampaq
One way to see the order flow, multiple ONEtoONE, greetings. {image}
Multiple one to one? excuse my ignorance but what does that mean?
  • #11,082
  • Nov 22, 2014 8:08am Nov 22, 2014 8:08am
Quoting Chalky600
{quote} Multiple one to one? excuse my ignorance but what does that mean?
A one to one 1:1 is the same thing as an AB=CD
If you fail to plan, you plan to fail.
  • #11,083
  • Nov 22, 2014 8:18am Nov 22, 2014 8:18am
Quoting Chalky600
{quote} Multiple one to one? excuse my ignorance but what does that mean?
Hello Chalky600: In harmonics, the basis for all construction, is the expectation, that a swing, after correction, 100% is extended.
Gartley example Gartley all, needs to be valid within an AB = CD.
The expectation is that, after the AB = CD (ONE TO ONE), correct at least 38% of the last swing, in this case, CD.
When this is given in AREAS OF DECISIONS, accompanied by a reversal candlestick pattern, gives us a VERY RELIABLE AREA, for our TP.
Then mmtum control, and decide whether we continue, or not, to 61%.
Applied in 4H, or 1H, gives us good chance of success, to operate in 5M, which is the TF I operate.
In 5M, you may find multiple entries with low risk and acceptable TP.
However, it is applicable to any TF, your operes.
Last but not least, we can find, ONEtoONE, against or in favor of trend trend, TP latter have more potential.
Anyway, I will operate, to each other, up to 38%. That's my plan to trade, what comes after is like falling from the sky, fewer rays all good.
Greetings, and we are all learning from Mr Pip.
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  • #11,084
  • Nov 22, 2014 12:01pm Nov 22, 2014 12:01pm
Quoting Mr. Pip
{quote} A one to one 1:1 is the same thing as an AB=CD

not all yogurts are equally useful
not everything AB=CD are 121.
1:1 described Bryce Gilmore http://www.brycegilmore.com/
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  • #11,085
  • Nov 22, 2014 1:13pm Nov 22, 2014 1:13pm
Quoting poruchik
{quote} not all yogurts are equally useful not everything AB=CD are 121. 1:1 described Bryce Gilmore http://www.brycegilmore.com/ {image} {image} {image} {image}
You are absolutely correct nothing is exact but it's and expectation and an approximation as to where price should find exhaustion and correction. In countless examples the expectation do play out and very few times they don't. The take away from this is that once price achieves an one to one or AB=CD or an equal distance move that you look for a corrective point and an opportunity to enter the market. I also want to stress that these trades usually have increased risk factors as they are usually against order flow. Know where price should be and shouldn't be. Make your decisions based on facts. Build your case.
If you fail to plan, you plan to fail.
  • #11,086
  • Nov 22, 2014 1:28pm Nov 22, 2014 1:28pm
Quoting Chalky600
{quote} Multiple one to one? excuse my ignorance but what does that mean?
Thanks for the replies Guys

This thread is awesome
  • #11,087
  • Nov 22, 2014 1:42pm Nov 22, 2014 1:42pm
Quoting Mr. Pip
{quote} Thanks Bary sometimes the video is easier than going through 20 posts. I like hot dogs too but never from there again. They tried to take me out.
fully agree videos are easier to learn from the reading 20+ pages
  • #11,088
  • Nov 22, 2014 2:31pm Nov 22, 2014 2:31pm
OK guys this is a work in progress from me.

i have read a few pages and well,,,lots still to do

here are two pictures,,,1st one is what inormally look at with indicators but i wanna learn mr pips method and have a longway to go so now i am using picture no2,,,blank.

this will be work in progressi am hoping we can all follow along in sync so experienced and non experienced along with mr pips can do this all together.

if we can all go step by step,,,would be a great help,,,maybe mr pips may takethe lead in the guidance
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  • #11,089
  • Nov 22, 2014 2:36pm Nov 22, 2014 2:36pm
ok first attempt is on nzdusd h1 and plotted is the swing and dominent swing

any errors pls advise
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  • #11,090
  • Nov 22, 2014 3:16pm Nov 22, 2014 3:16pm
Fib Placed from low to high of retracement to give retracement
NZDUSD H1
Pricecomes to just under 50%
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  • #11,091
  • Nov 22, 2014 4:03pm Nov 22, 2014 4:03pm
ok guys feedback pls

on NZDUSD H1 chart i identified the swing and the dominent swing.
i then looked next swing back to be the anchor leg.
i followed the rules,,,,POSSIBLE BEARISH BUTTERFLY SET UP

my only concern is D completion
127% X-A
161% A-B

do they line up together or make the prz ?
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  • #11,092
  • Nov 23, 2014 1:17am Nov 23, 2014 1:17am
Did some analysis, do share your views on them

AUDCAD
A deep Gartley.
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CADJPY
Cypher pattern.
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EURNZD
Completion of a Bat and potential Cypher.
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GBPAUD
Bat pattern.
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NZDCAD
A deep Gartley.
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NZDUSD
Bat pattern.
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USDCAD
Bat and Cypher pattern.
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  • #11,093
  • Nov 23, 2014 7:09am Nov 23, 2014 7:09am
Quoting Mr. Pip
Hello Traders, I will try to catch up and post over the weekend. I've been real busy and have not had a chance to catch up. Here is today's action. {image}
The fact that each previous swing had corresponding swings of equal length as time progresses is so hypnotic to look at.

I banged my head at these missed opportunities last Friday.
  • #11,094
  • Nov 23, 2014 7:52am Nov 23, 2014 7:52am
Quoting gristar
{quote} {image}
Here is the chart I promised you with a detailed explanation. For all these reasons you can still expect a NSL in the overall but might be unreasonable to expect this based on the facts. Are we good?
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If you fail to plan, you plan to fail.
  • #11,095
  • Nov 23, 2014 8:58am Nov 23, 2014 8:58am
Quoting Wolves77
hi mr. pip thanks again for starting this thread, nice to see you back It took three months to read the thread but was worth it, theres also some great tidbits of info from other users. I'm very familiar with fibs and patterns, but unfortunately i'm finding this way of trading extremely difficult, but in a good way. Can anyone let me know if i'm on the the right lines on the chart below, any critiscism/guidance welcome, cheers {image}
I would not look to enter there. That is a breakout strategy and is not the type of trading I do. Breakouts are not the best trades from a risk reward stand point and are very retail. I prefer to enter off of the pullback and if the breakout fails to put myself in a position to still capture profits and or to protect my trade.

If you you to be a breakout trader which is fine but not my cup of tea wait for a weak pullback to test the breakout and then trade the continuation.
If you fail to plan, you plan to fail.
  • #11,096
  • Nov 23, 2014 9:00am Nov 23, 2014 9:00am
Quoting Wolves77
OK, does anyone have an opinion on which way to go in this situation, or is it just a case of wait and see, cheers {image}
I know we want tight areas of supply or demand but don't over look the tails they are important a price did go there.
If you fail to plan, you plan to fail.
  • #11,097
  • Nov 23, 2014 12:00pm Nov 23, 2014 12:00pm
Quoting Mack2013
Good evening traders Here is a GBPCAD trade I am in. Mr.Pip, if you can be so kind to give me your thoughs and any other that would of played it differently. I have a couple of questions too. Originally I got in on the higher kill zone after price rejected price and closed above the 1.77 handle. My stops were below the 1.76 handle and smaller AB=CD/Butterfly completion. This trigger was a failure. Should I have exited after the failure and looked to reentry on the next Kill Zone? My current career limits my trading time to a couple of hours before...
I think you are on the right track and asking the right questions. There was not great breakdown of the order flow as prior corrections have been weak in nature. momentum and projection remained strong with the bears giving you a clue that price could continue lower. I would have waited for a stronger clue in my case building. The butterfly pattern or the 1:1 completion area had stronger confluence.

trade management becomes important here. If you enter early on a count that you see something in the order flow that suggest price will correct or reverse there then you off the bat know that you are incurring higher risk and may need to give the trade the appropiate room to manifest. However, where do you draw the line in the sand? And is the risk/reward worth it? You would have to see what your risk tolorances are and handle you trade per your rules.

Always have a clear plan prior to entering the trade on how you will manage it so that decisions are made with the least amount of emotion as possible.
If you fail to plan, you plan to fail.
  • #11,098
  • Nov 23, 2014 12:04pm Nov 23, 2014 12:04pm
Quoting LuisPrinc
Hi ! Mr. Pip ! That is my todays 1. trade....was it a good call what do you think ? REASON: 1. Because price breaked above previous swing high indicating change of orderflow from bearsih to bullish ? 2. Even against strong higher timeframe bearish trend ? 3. If the trend were strong it should continue at least to test the lows and not stall in a C agg area right ? {image}
Looks like a decent trade price is strong on both sides. Goal id to remove risk as quickly as possible when you are against order flow just in case.
If you fail to plan, you plan to fail.
  • #11,099
  • Nov 23, 2014 2:55pm Nov 23, 2014 2:55pm
Quoting Mr. Pip
{quote} I think you are on the right track and asking the right questions. There was not great breakdown of the order flow as prior corrections have been weak in nature. momentum and projection remained strong with the bears giving you a clue that price could continue lower. I would have waited for a stronger clue in my case building. The butterfly pattern or the 1:1 completion area had stronger confluence. trade management becomes important here. If you enter early on a count that you see something in the order flow that suggest price will correct...
Thank you very much for your input. It is very valuable and you're definately right. On the first entry, the reaction wasn't good enough to not expect further bearish movement and the Risk : Reward was not favourable in such a risky trade. I should of expercised some patience and waited for the butterfly/1 to 1 completion.
  • #11,100
  • Nov 23, 2014 5:00pm Nov 23, 2014 5:00pm
Quoting devontrader
ok first attempt is on nzdusd h1 and plotted is the swing and dominent swing any errors pls advise {image}
Consider the context of the framework you are looking to trade. That main swing is relevant to a much higher time frame. I will post some examples tomorrow.
If you fail to plan, you plan to fail.
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