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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

  • #11,701
  • Jan 11, 2015 7:05am Jan 11, 2015 7:05am
Thank you Mr Pip for that great video. I am new to this thread but wanted to say how valuable it was seeing you walk and talk through live trades. Your thoughts showed the dynamics of the market participants particularly vividly. Commentary such as "The bears need to hold onto this candle and they know it," and "this is an invitation to buy," made so much clear. It's like a game being played out (chess or football?? not sure which), and a shrewd spectator can work out who is gaining the advantage. Many thanks again for taking the time and trouble to help out us folks.
  • #11,702
  • Jan 11, 2015 7:46am Jan 11, 2015 7:46am
Quoting TheScorpS
{quote} Nice video Mr.Pip thanks for sharing ur live trading with us and guiding us through the thought process in taking the trades regarding ratios, really enjoying the first trade of the session and the simplicity behind taking the trade
I like to keep things really simple and clean. I don't concern myself with too much history as an intraday trader and on an intraday time frame I have found that immediate structure and order flow prevail over all else.

Having clear and proper expectations with a sound understanding of the order flow both short and long term is all you really need to be profitable.

I showed we'd everyone every trade I took this week both good and bad I hid nothing and even showed my P/L for the day and the week. I did this not to show off but to let you guys see that I'm not the guy that teaches and doesn't trade. The wannabe to talks the talk but can't walk the walk.

I also want you so see how once you grasp the techniques and apply them consistently how simple things get and how some losses will occur but are insignificant and it's on to the next opportunity.
If you fail to plan, you plan to fail.
  • #11,703
  • Jan 11, 2015 7:52am Jan 11, 2015 7:52am
Quoting sniperdebt
GbpAud AB=CD pattern in progress {image}
Great bearish mmtum, next to 61%, and trendline W, near an MS daily. Therefore, the expectation is to conduct a pullback there. Looking to make a new HH.
However the great bearish, mmtum, gives us clues to expect a re failed testing.
We'll see, it's just my expectation, it looks like it broke down, the first minor support at 1.8650.
The truth is, I hope, a rebound in the defined area, then an attempt to make a HH, which by the mmtum bearish, clues have to be a RF.
Anyway, in B evaluate, market conditions, this is only an expectation, to be permanently controlled.
Greetings and keep in touch
Attached Image (click to enlarge)
Click to Enlarge Name: GBPAUDDailyHARMONICS.png Size: 77 KB
  • #11,704
  • Jan 11, 2015 8:05am Jan 11, 2015 8:05am
Mr. Pip,

Thank you for the video. the first ten minutes were very important for me. I'm seeing the longterm vs the short orderflow now!
Still nice to hear that you have some emotion when trading. You sounded very happy with the last trade.
  • #11,705
  • Jan 11, 2015 8:15am Jan 11, 2015 8:15am
Quoting Mr. Pip
{quote} I like to keep things really simple and clean. I don't concern myself with too much history as an intraday trader and on an intraday time frame I have found that immediate structure and order flow prevail over all else. Having clear and proper expectations with a sound understanding of the order flow both short and long term is all you really need to be profitable. I showed we'd everyone every trade I took this week both good and bad I hid nothing and even showed my P/L for the day and the week. I did this not to show off but to let you...
mr pipsi want to.say i have been following your posts all the way and not even started to learn the method and technique yet.i have read so much and tried so much from so many who talked the talk but could not walk the walk.i can safely say there are only 3 great guys i know in trading that walk the walk and talk the talk.akil stokes and jason stapleton are 2....and sir you are the other.my hat of.sir to.youyou have shown everyone your dedication and your method thru your teachings here.i for one after reading loads am following you because thru education you have provided have shown to.be top dollar.I for one am now embarking on the long journey to learn from you.could i.make a suggestion sir pips .... maybe small videos on small step by.step methods being about 10mins each and posting on youtube...so each one of us can learn step 1...step2 etc and come the end will have the big picture.for some watching 3hrs of.video can be daunting.anywaymy hat of to you kind sir!!
  • #11,706
  • Jan 11, 2015 8:21am Jan 11, 2015 8:21am
Hello Mr. Pip.

I've watched the video and I have to say that it is very very informative and no-nonsense. I will continue watching it over and over. It felt like I'm inside of your mind during those two hours and it's a good thing as it helps me as a trader to know exactly your thought process.

I am a violent ice-chewer as well. That's the only thing we have in common I guess.
  • #11,707
  • Jan 11, 2015 1:12pm Jan 11, 2015 1:12pm
Quoting Mr. Pip
{quote} Let me know if this is clear enough. {image}
Yes thanks, that was good explanation...looking forward
  • #11,708
  • Jan 11, 2015 4:18pm Jan 11, 2015 4:18pm
Great video Mr Pip, this will def help with future trades, in particular timing my entries. I know you usually like some criticism on these vids, as your always looking to improve and as i improve i might be able to give some, but for now the vid just kept me engrossed for the whole two hours.

I understand that filming, then editing, rendering and uploading can be a real pain and is really time consuming so once again thanks for your time, it's very much appreciated.
  • #11,709
  • Jan 11, 2015 4:22pm Jan 11, 2015 4:22pm
I think your trade management and self control were very impressive. In the beginning, most get hung up on how to enter trades and having a directional premiss that managing trades gets lost in the conversation. This was very well done. Thank you.
  • #11,710
  • Jan 11, 2015 4:34pm Jan 11, 2015 4:34pm
Quoting Lelay
Thanks muchly for the video. It is very very helpful to watch and hear the commentary. I can see how this method of trading can become very absorbing. Nice to hear that your dog - like mine - insists on you taking a break.
Not very sure what you mean by absorbing but it's the fasted time of my day. Becoming one with the chart makes my process and style really simple and non labor intensive. As you saw in the video my commentary my seem rigorous but I asure you that once you learn to process and prioritize the data on the chart the reading becomes efficient and automatic.

As you saw it took me a couple of minutes at tops to identify my bias and order flow. After that it's to wait for price and take action.
If you fail to plan, you plan to fail.
  • #11,711
  • Jan 11, 2015 4:37pm Jan 11, 2015 4:37pm
Quoting DizzleFX
{quote} Excellent video Mr. Pip! Your a true master of your craft. Seeing the patience one goes through makes a world of difference for me. I have jump ship on many of my trades because of the trades not moving as fast as I would have like. I have also had many winning trades end up bigger losers than yours. Seeing your risk management on the second trade and end up with only a two pip loss was pretty impressive. Thanks for everything.
Thank you and patience comes with time, as you wait for price and read the progression of your trade and follow your rules and act only when needed will help you develop the patience you seek.
If you fail to plan, you plan to fail.
  • #11,712
  • Jan 11, 2015 4:38pm Jan 11, 2015 4:38pm
Quoting Georji
Thank yo for a great video,, very educational
If you fail to plan, you plan to fail.
  • #11,713
  • Jan 11, 2015 4:50pm Jan 11, 2015 4:50pm
Quoting Matts Micro
{quote} Nominee for an Academy Award. I have just started looking at your system/thread and find it extremely interesting. This is a fantastic training video that covers so much information that I regret that I didn't have access to a few years ago to fast track my learning. I have traded similar to this in the past being a fan of Fibo but my understanding has been a little cluttered and this connected a few of the dots. It was great that you had a positive day but it wasn't so important as the information imparted on PA and order flow and it was...
Quote
on what platform/program for ticks are you using? I have an MT4 tick chart but it is limited in its capabilities as it runs offline and is difficult for trade management

Thank you and fantastic video you posted! I use Ninja Trader it's a free download and you can pay for data or set something up with the partnering brokers. I use FXCM and have a direct feed they are my broker as well so I am able to execute my trades right on Ninja Trader.

Quote
Also is there any chance you would have kept your trade open during the NFP if your TA suggested to do so and if so wouldn't you of been worried about slippage against your SL if it went against?

As I have mentioned in the past and perhaps in the video, News as far as I am concerned is nothing more than a period of volatility. I got out of the trade because of the price action and not the news. News spikes can affect your position but you never now how so if you are in a position before a high impact news event. reduce risk take profit or keep everything the same NEVER EVER add risk because of volatility or news.

Oops forgot to address slippage I can control it so I don't worry about it.
If you fail to plan, you plan to fail.
  • #11,714
  • Jan 11, 2015 4:53pm Jan 11, 2015 4:53pm
Quoting sniperdebt
GbpAud AB=CD pattern in progress {image}

Be careful if you plan to take a C to D the Bears look like they mean business. Increase in momentum and much deeper depth than expected. other then that looks okay. Aggressive trade management if considering longs!
If you fail to plan, you plan to fail.
  • #11,715
  • Jan 11, 2015 4:54pm Jan 11, 2015 4:54pm
Quoting Vince1954
Thank you Mr Pip for that great video. I am new to this thread but wanted to say how valuable it was seeing you walk and talk through live trades. Your thoughts showed the dynamics of the market participants particularly vividly. Commentary such as "The bears need to hold onto this candle and they know it," and "this is an invitation to buy," made so much clear. It's like a game being played out (chess or football?? not sure which), and a shrewd spectator can work out who is gaining the advantage. Many thanks again for taking the time and trouble...
If you fail to plan, you plan to fail.
  • #11,716
  • Jan 11, 2015 4:56pm Jan 11, 2015 4:56pm
Quoting DeepakJ
Mr. Pip, Thank you for the video. the first ten minutes were very important for me. I'm seeing the longterm vs the short orderflow now! Still nice to hear that you have some emotion when trading. You sounded very happy with the last trade.
The emotion are very difficult to completely remove but as you saw they were not present during the session because I follow my rules.

Win, lose or draw as long as I know I have followed my rules and process I am always happy!
If you fail to plan, you plan to fail.
  • #11,717
  • Jan 11, 2015 5:02pm Jan 11, 2015 5:02pm
Quoting devontrader
{quote} mr pipsi want to.say i have been following your posts all the way and not even started to learn the method and technique yet.i have read so much and tried so much from so many who talked the talk but could not walk the walk.i can safely say there are only 3 great guys i know in trading that walk the walk and talk the talk.akil stokes and jason stapleton are 2....and sir you are the other.my hat of.sir to.youyou have shown everyone your dedication and your method thru your teachings here.i for one after reading loads am following you because...
Our process are similar but I put more emphasis on the PA they do more the patterns but they are good guys I have spoken to Jason and am very familiar with his style. I have videos in two places on youtube look up DCASTFX and Damian Castilla Everything you need is there. I'm sorry about the length of the videos but some things just take time to be able to explain effectively.
If you fail to plan, you plan to fail.
  • #11,718
  • Jan 11, 2015 5:03pm Jan 11, 2015 5:03pm
Quoting YoungCroc
Hello Mr. Pip. I've watched the video and I have to say that it is very very informative and no-nonsense. I will continue watching it over and over. It felt like I'm inside of your mind during those two hours and it's a good thing as it helps me as a trader to know exactly your thought process. I am a violent ice-chewer as well. That's the only thing we have in common I guess.
Sorry about the ice and being in my head is a scary place to be hope you got out of it okay.
If you fail to plan, you plan to fail.
  • #11,719
  • Jan 11, 2015 5:05pm Jan 11, 2015 5:05pm
Quoting Wolves77
Great video Mr Pip, this will def help with future trades, in particular timing my entries. I know you usually like some criticism on these vids, as your always looking to improve and as i improve i might be able to give some, but for now the vid just kept me engrossed for the whole two hours. I understand that filming, then editing, rendering and uploading can be a real pain and is really time consuming so once again thanks for your time, it's very much appreciated.
Engrossed in a good way I hope LOL
If you fail to plan, you plan to fail.
  • #11,720
  • Jan 11, 2015 5:11pm Jan 11, 2015 5:11pm
Quoting Marillionpip
I think your trade management and self control were very impressive. In the beginning, most get hung up on how to enter trades and having a directional premiss that managing trades gets lost in the conversation. This was very well done. Thank you.
It's a complete package and what makes the difference between a profitable trader and struggling or non profitable trader is having that total package.

 

  1. A trading system that has a positive expectancy.
  2. A trade management system that is designed to protect your capital.
  3. And to Money Management Formula that is aggressive on both sides. While in periods of DD to protect your capital and period of wins to recover and build your account.

If you fail to plan, you plan to fail.
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