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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

  • #11,301
  • Dec 15, 2014 9:49am Dec 15, 2014 9:49am
Hello,

This is a variation of the EUR/CAD patterns. Cypher pattern on the daily chart.
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  • #11,302
  • Dec 15, 2014 10:55am Dec 15, 2014 10:55am
short GBPAUD seems the trade of the day
deeper analisys can be found on thier website
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  • #11,303
  • Dec 15, 2014 1:51pm Dec 15, 2014 1:51pm
Not that i'm trading this pair, but Interesting harmonic stuff is happening in the GBPAUD:

Four intermingled Gartleys, because everytime the price retraces ~62%

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  • #11,304
  • Dec 15, 2014 2:21pm Dec 15, 2014 2:21pm
Is this 4hou AB=CD pattern valid? already placed my trades and looking for 38.2 fib retracement
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  • #11,305
  • Dec 15, 2014 3:09pm Dec 15, 2014 3:09pm
Quoting NWGstudent
Is this 4hou AB=CD pattern valid? already placed my trades and looking for 38.2 fib retracement
Nope, the third point (from the left) at 21/nov 12:00 should have been higher; around your 61.8 line; this is unfortunately not a valid AB=CD
  • #11,306
  • Dec 15, 2014 5:07pm Dec 15, 2014 5:07pm
Hello,

There is a potential cypher pattern on the GBP/CHF pair at the moment. It has a smaller ab=cd pattern on the final leg. Both the D points converge at the same area.
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  • #11,307
  • Edited 3:01am Dec 16, 2014 1:10am | Edited 3:01am
Hello,

There are three patterns converging into the same zone on the EUR/GBP.
There are many opportunities on the EUR/GBP. The second one is a bit of a longer term possibility. If the bat and the AB=CD pattern can complete then I will be observing what the price action is doing in this zone, as there is multiple pattern confluences on the smaller time frames also. At that point, it would be possible for the pair to resume in the direction of the overall bearish trend.
Attached Image(s) (click to enlarge)
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  • #11,308
  • Dec 16, 2014 4:31am Dec 16, 2014 4:31am
Hello,

There is a possible Shark pattern forming on the EUR/USD. The final leg has an AB=CD pattern giving confluence in the same area. If the Euro gets exhausted it would be possible for the pair to resume in the direction of the overall trend.
Attached Image(s) (click to enlarge)
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  • #11,309
  • Dec 16, 2014 7:13am Dec 16, 2014 7:13am
Hello,

There are some AB=CD patterns forming on the JPY pairs today. However I am not sure how far they will go before completing. Although as a longer term outlook, if the GBP/JPY could get down to the 180 level it would be forming a very even 5-0 pattern on the higher time frame. This is slightly hopeful but I believe it to be possible if the pair can continue lower.
Attached Image(s) (click to enlarge)
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  • #11,310
  • Dec 16, 2014 8:40am Dec 16, 2014 8:40am
Quoting Mack2013
{quote} what do your rules tell you? do you have rules?
Im still learning..im just marking..not taking any trade..if im wrong that mark..can you show me. Tq
  • #11,311
  • Dec 16, 2014 10:02am Dec 16, 2014 10:02am
Hello D

Dec 23 is good for me.

Aj1
  • #11,312
  • Dec 16, 2014 6:28pm Dec 16, 2014 6:28pm
Jamos(sorry to put you in the forefront) and other new folks in the room. You guys are going crazy with the patterns stuff. Calm down and take a step back and see what is really going on in the market and your analysis. Once you take a few trades and get burned then you will slow down and ask what is really going on and why did I lose this trade? Was it because Mr Pip gave me his pattern rules and they are like gold, so I must trade every setup I find?

When I first began I was excited about all this stuff and traded patterns blindly and got burned. I am trying to save your account. If you have to start from the beginning and read what Mr. Pip is talking about then do it. Yes he starts with pattern rules but he focuseson first and foremost on what price(PRZ area and bar by bar, depth, momentum etc ) is doing not what pattern he can find. He doesn't put the "cart before the horse". Patterns are an after thought. One thing that open my eyes was this:

1. If you can open up a buttnaked chart on any timeframe and label on a micro swing level NSH, NSL, LH, HL. You will see me draw them as ABCD(I have my own rules for this) then you will have your expectation.
2. If you can see a LL-LC(lower low-lower close), HH-HC(higher-high-higher close) then you will have your expectation.
3. If it falls in SR zones with candle confirmation then you have your expectation.

Sidenote:
I'm I a guru? Shit no!
Do I enjoy teaching. YES! I am fortunate to have found something I enjoy doing but just as many of you I have other things that keep me from it until I can teach it fulltime. Also have to build a proven equity curve. Not for others but for myself I am to old to care what others think of me. My job is to help that's it I have no other agenda.

Cheers
Empower Your Mind
  • #11,313
  • Dec 16, 2014 9:05pm Dec 16, 2014 9:05pm
Quoting vqtrader
Jamos(sorry to put you in the forefront) and other new folks in the room. You guys are going crazy with the patterns stuff. Calm down and take a step back and see what is really going on in the market and your analysis. Once you take a few trades and get burned then you will slow down and ask what is really going on and why did I lose this trade? Was it because Mr Pip gave me his pattern rules and they are like gold, so I must trade every setup I find? When I first began I was excited about all this stuff and traded patterns blindly and got burned....
well said
  • #11,314
  • Dec 16, 2014 9:06pm Dec 16, 2014 9:06pm
Quoting dana2802
{quote} Im still learning..im just marking..not taking any trade..if im wrong that mark..can you show me. Tq
no prob but i got to go to work so i'll touch base later
  • #11,315
  • Dec 17, 2014 6:09am Dec 17, 2014 6:09am
Quoting vqtrader
Jamos(sorry to put you in the forefront) and other new folks in the room. You guys are going crazy with the patterns stuff. Calm down and take a step back and see what is really going on in the market and your analysis. Once you take a few trades and get burned then you will slow down and ask what is really going on and why did I lose this trade? Was it because Mr Pip gave me his pattern rules and they are like gold, so I must trade every setup I find? When I first began I was excited about all this stuff and traded patterns blindly and got burned....
I'll echo Mack...well said.
  • #11,316
  • Dec 17, 2014 10:18pm Dec 17, 2014 10:18pm
Quoting vqtrader
Jamos(sorry to put you in the forefront) and other new folks in the room. You guys are going crazy with the patterns stuff. Calm down and take a step back and see what is really going on in the market and your analysis. Once you take a few trades and get burned then you will slow down and ask what is really going on and why did I lose this trade? Was it because Mr Pip gave me his pattern rules and they are like gold, so I must trade every setup I find? When I first began I was excited about all this stuff and traded patterns blindly and got burned....
Evening VQ, and fellow followers and believers in Mr. Pip's personal understanding of the forex markets (Mr. Pip is a very unselfish human being that is sharing a recipe for forex success...assuming one is willing to listen, adhere, and not add salt when sugar is stated,

I concur 100% with your quote VQ, and I believe Mr. Pip would as well. True, Mr. Pip did begin with a specific pattern; however, I believe that was food for thought that would eventually lead to how Mr. Pip internalizes movement of the markets on a purely naked chart...absolutely no indicators are required or necessary. One must understand and be able to recognize a new structure high (NSH), or a new structure low (NSL). Example for a short entry: If I believe a NSH has been reached, I wait for a retrace and then anticipate upward price movement that breaks above and closes above the previous high. If what I anticipate doesn't occur, then I am now literally looking at a lower high (LH), and I anticipate price to move lower and I apply Mr. Pip's specific procedures for an aggressive "C" sell. I only trade aggressive "C" setups in direction of order flow. I begin my trading day (CST) at the London Open (LO), and the first three hours of the New York session when I can...trade only the EU currency using a NinjaTrader 233 tick chart. Though I don't normally contribute, due to having a full-time rotating shift job, I felt compelled to support your post. Mr. Pip, if I am not mistaken, trades only the EU. He begins his trading day by opening the EU on NinjaTrader, and applies exactly what he has shared with us. I encourage each follower to watch and listen intently to each and every one of Mr. Pip's videos...they are straight from his heart, and are blueprints to success. Thank you VQ for your input...I believe you are an honest and very sincere person.

Wish all a safe and enjoyable 2014 Xmas,
GB
  • #11,317
  • Dec 18, 2014 1:02pm Dec 18, 2014 1:02pm
Hello Traders,

Been away spending time on some project but have been keeping tabs on the thread. Thanks for the support and contribution. We are beginning to lose focus once again.

I can see how this happens and understand. I will be conducting the live event on the 23 of Dec. The time will be announced soon We will be on for 2 to 3 hours discussing the concepts I have shown you and how to put this together. I don't expect the market to be great for live trading but we will see what the market is like that day. I don't know exactly if it will be an open forum but at the end you can most definitely ask questions I I will do my best to answer them. Talk to you all soon.

AND GET BACK TO BASICS!!!!!

The patterns are fun but they do not teach you how to trade. Learn to READ THE CHART!!!!!!

It's tiring to keep repeating myself. I don't know how much longer I can keep this up if I have to keep saying the same thing....
If you fail to plan, you plan to fail.
  • #11,318
  • Dec 18, 2014 4:31pm Dec 18, 2014 4:31pm
Quoting Mr. Pip
Hello Traders, Been away spending time on some project but have been keeping tabs on the thread. Thanks for the support and contribution. We are beginning to lose focus once again. I can see how this happens and understand. I will be conducting the live event on the 23 of Dec. The time will be announced soon We will be on for 2 to 3 hours discussing the concepts I have shown you and how to put this together. I don't expect the market to be great for live trading but we will see what the market is like that day. I don't know exactly if it will be...
Great teacher, I'll be there, greetings and thanks once again
  • #11,319
  • Dec 18, 2014 6:01pm Dec 18, 2014 6:01pm
Quoting Mr. Pip
Hello Traders, Been away spending time on some project but have been keeping tabs on the thread. Thanks for the support and contribution. We are beginning to lose focus once again. I can see how this happens and understand. I will be conducting the live event on the 23 of Dec. The time will be announced soon We will be on for 2 to 3 hours discussing the concepts I have shown you and how to put this together. I don't expect the market to be great for live trading but we will see what the market is like that day. I don't know exactly if it will be...
Will be there, Mr. Pip.
  • #11,320
  • Dec 18, 2014 10:42pm Dec 18, 2014 10:42pm
Quoting Mr. Pip
Hello Traders, Been away spending time on some project but have been keeping tabs on the thread. Thanks for the support and contribution. We are beginning to lose focus once again. I can see how this happens and understand. I will be conducting the live event on the 23 of Dec. The time will be announced soon We will be on for 2 to 3 hours discussing the concepts I have shown you and how to put this together. I don't expect the market to be great for live trading but we will see what the market is like that day. I don't know exactly if it will be...
Hi Mr Pip. Looking forward to the live event, how will you host the event? Will it be hosted on the forex factory site??
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