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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

  • #11,521
  • Jan 5, 2015 4:48am Jan 5, 2015 4:48am
Hello Mr. Pip, Traders.

I have been pretty much occupied for the past month, but I have been able to catch up with the stuff that's being taught here. I would like to voice my heartful thanks to Mr. Pip for putting forth the effort into recording his webinar. I have learned a lot from it.

Here are the two trades that I had today for the EURUSD M5 using the principles of order flow, ratios, harmonics and expectation. I'm already done for the day before the NY open. The first one was with short term order flow ending up with a small win (Long +3) while the next was with longer term OF (Short +26). Wanted to upload the process itself, but I had to detach myself from the forums while trading live. And please disregard those moving averages. I will upload cleaner charts next time.

Ninjatrader here has been broken for a while, so using MT5.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5 1_05_2015 (2.2).png Size: 34 KB
  • #11,522
  • Jan 5, 2015 6:14am Jan 5, 2015 6:14am
gold 1 min chart .............

https://charts.mql5.com/6/631/gold-m...inancial-2.png
  • #11,523
  • Jan 5, 2015 6:47am Jan 5, 2015 6:47am
Quoting arvindeept
gold 1 min chart ............. {image}

story as it unfolded....................


https://charts.mql5.com/6/632/gold-m1-gci-financial.png
  • #11,524
  • Jan 5, 2015 7:24am Jan 5, 2015 7:24am
long, again, I hope other pips, Greetings
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM5entryotravez.png Size: 66 KB
  • #11,525
  • Jan 5, 2015 7:33am Jan 5, 2015 7:33am
Quoting pampaq
{quote} I saw it late to this trade, we have a double 1to1 now completed the greatest hope reaches 38%. We'll see, Greetings {image}
Tp proposed reached, greetings.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDH138%alcanzado.png Size: 76 KB
  • #11,526
  • Jan 5, 2015 8:10am Jan 5, 2015 8:10am
gold entrance.
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM5entradaoro.png Size: 69 KB
  • #11,527
  • Jan 5, 2015 8:38am Jan 5, 2015 8:38am
Quoting pampaq
gold entrance. {image}
taking profits. regards
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM5ctrloromuybien.png Size: 71 KB
  • #11,528
  • Jan 5, 2015 8:45am Jan 5, 2015 8:45am
Quoting pampaq
long, again, I hope other pips, Greetings {image}
if you break the MR, I follow, if not break the MR, I close the whole position, Greetings
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDM5rompiendoono.png Size: 64 KB
  • #11,529
  • Jan 5, 2015 8:57am Jan 5, 2015 8:57am
Quoting pampaq
{quote} if you break the MR, I follow, if not break the MR, I close the whole position, Greetings {image}
NSH
Expectation an HL, and therefore closing position, to assess decline and again enter long, +17pips
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1NSH.png Size: 64 KB
  • #11,530
  • Jan 5, 2015 9:05am Jan 5, 2015 9:05am
Quoting pampaq
{quote} taking profits. regards {image}
Closing gold, to reach 127% and 161%, +79 pips, Greetings
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDM5alcanzo127%.png Size: 68 KB
  • #11,531
  • Jan 5, 2015 10:28am Jan 5, 2015 10:28am
Another TP, 138% and 161%, Greetings
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSDM15tpalcanzado 161y138%.png Size: 78 KB
Click to Enlarge Name: AUDUSDM15tpalcanzado 161y138%2.png Size: 64 KB
  • #11,532
  • Edited 4:55am Jan 6, 2015 4:33am | Edited 4:55am
Took a short on the AUDUSD 233 tick chart. The first picture shows my entry. Price made a NSL and then retraced to the 50% fib, so looking for an AB=CD to the downside. Red arrow is my entry candle. The blue box is my PRZ and is based off of the completion of the CD leg as well as the 127.2-138.2 fib extension. My PRZ completes around and area of structure, so gonna have to keep an eye on price.

The second picture shows the long term orderflow is to the downside. Price retraced to the 61.8% fib and has shown signs of weakness in an area of previous structure as well.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: $AUDUSD.jpg Size: 118 KB
Click to Enlarge Name: $AUDUSD 1.jpg Size: 125 KB
Damn The Torpedoes, Full Speed Ahead!
  • #11,533
  • Jan 6, 2015 5:15am Jan 6, 2015 5:15am
closed position for a small loss.
Damn The Torpedoes, Full Speed Ahead!
  • #11,534
  • Edited 6:51am Jan 6, 2015 6:31am | Edited 6:51am
Quoting DizzleFX
closed position for a small loss.
How come you closed it? What are your rules? Just curious because when I look at the chart it seems your analysis is correct. However we got a retest with a new HH but no NSH, I guess this can make us take decisions based on emotion, hence the rules question. Prize then made a LL (short-term) so we should expect an AB=CD to the 0.81 area (nice confluence there with structure, 127.2-138.2 zone, RN).
Rise and rise again until lambs become lions
  • #11,535
  • Jan 6, 2015 6:45am Jan 6, 2015 6:45am
Quoting Mr_Burns
{quote} How come you closed it? What are your rules? Just curious because when I look at the chart it seems your analysis is correct. However we got a retest with a new HH but no NSH, I guess this can make us take decisions based on emotion, hence the rules question. Prize then made a NSL (short-term) so we should expect an AB=CD to the 0.81 area (nice confluence there with structure, 127.2-138.2 zone, RN).
It was the HH that made me close my position. It wasn't inline with my expectation. I still believe my analysis has price going to the downside, but I won't be around if the opportunity presents its self. Then again you never know, price could go up.
Damn The Torpedoes, Full Speed Ahead!
  • #11,536
  • Jan 6, 2015 7:44am Jan 6, 2015 7:44am
EURUSD M5.

Entered short on price rotation in structure in line with longer term order flow (I used M1 for my entry). Price is currently flat, but has formed a LH near my entry so I am still in.

Trade management:

If price fails to break through the ellipse upon retest and form a NSL, I will exit the trade with a small win. Otherwise, I'll keep the trade open and see how it progresses.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5 1_06_2015 (2.1).png Size: 17 KB


Update:

Price formed a very weak NSL which is not good for my trade. Exited for +4 on a large bullish rally.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5 1_06_2015 (2.2).png Size: 35 KB
  • #11,537
  • Jan 6, 2015 7:50am Jan 6, 2015 7:50am
I took a very aggressive long against order flow I might not work out but price has been struggling to drop and the bears are very weak. It went 11 pips against me but has found some support. lets see if the bulls can rally
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPUSD (233 Tick) 1_6_2015.jpg Size: 90 KB
If you fail to plan, you plan to fail.
  • #11,538
  • Jan 6, 2015 7:54am Jan 6, 2015 7:54am
Update on trade bulls are carrying price and up 4 pips
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPUSD (233 Tick) 1_6_2015 Update 1.jpg Size: 85 KB
If you fail to plan, you plan to fail.
  • #11,539
  • Jan 6, 2015 8:12am Jan 6, 2015 8:12am
Stopped out. On to the next opportunity
If you fail to plan, you plan to fail.
  • #11,540
  • Jan 6, 2015 8:25am Jan 6, 2015 8:25am
Another counter order flow trade on a completion of a 1:1 but this is also struggling the bulls appear to be very weak.
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPUSD (233 Tick) 1_6_2015.jpg Size: 100 KB
If you fail to plan, you plan to fail.
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