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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

  • #12,021
  • Jan 16, 2015 10:13am Jan 16, 2015 10:13am
Quoting Mr. Pip
Is this too distracting for you or helpful? I haven't done this before, I mean I have thrown out there a trade or two and the majority after the fact. I this year I wanted to show you the real deal and not mess around. I don't want it to be a problem or come off that I'm showing off. I want you guys to see what I do. Its not about making 100 pips a day. It's about taking high probability trades and managing them. I consider myself in the top 10% and this is what it looks like.
Keep posting the trades Mr. Pip! I can always learn something from your trades and pictures. During the weekend i always review your posts.
  • #12,022
  • Jan 16, 2015 10:32am Jan 16, 2015 10:32am
Quoting Mr. Pip
Is this too distracting for you or helpful? I haven't done this before, I mean I have thrown out there a trade or two and the majority after the fact. I this year I wanted to show you the real deal and not mess around. I don't want it to be a problem or come off that I'm showing off. I want you guys to see what I do. Its not about making 100 pips a day. It's about taking high probability trades and managing them. I consider myself in the top 10% and this is what it looks like.
Your posts could never be called a distraction - I learn from them all the time. BTW, I was watching GU as well but I didn't notice your entry point on my M5 chart. I can only say what a difference the 233 tick chart makes. Maybe I should be viewing M1. Oh well, it's all a learning game.
  • #12,023
  • Jan 16, 2015 10:33am Jan 16, 2015 10:33am
Quoting pampaq
{quote} In 5M, another 1to1, very fast to take it, {image}
+18 Pips, from B to C, and out in the pivot, Greetings
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  • #12,024
  • Jan 16, 2015 10:47am Jan 16, 2015 10:47am
Quoting pampaq
{quote} +18 Pips, from B to C, and out in the pivot, Greetings {image}
The correct trade was entered in favor of trend, in C, there, probabildades re testing of HH are high, and if there bullish mmtum, as it were, are quick pips, however, fails to come on time, and I just took a few pips more, + 17 pips, with this other trade.Saludos
Attached Image(s) (click to enlarge)
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  • #12,025
  • Jan 16, 2015 11:01am Jan 16, 2015 11:01am
Quoting Mr. Pip
{quote} A strong NSH or NSL has good to great projection. The expectation from a strong NSH or NSL since this is also known as the impulse leg or continuation how ever you call it is for weakness on the correction or a shallow pull back. Does this clear it up or do I need to pull a chart?
I think I get it. So from a strong NSH/NSL you should not get any pullback above or below the structure that created this. ? If it
happens something might have changed ?.

If it is not to much trouble - please pull a chart for my reference to learn from

Thanks my friend
"The future is already written in the past"
  • #12,026
  • Jan 16, 2015 11:04am Jan 16, 2015 11:04am
Quoting Mr. Pip
Is this too distracting for you or helpful? I haven't done this before, I mean I have thrown out there a trade or two and the majority after the fact. I this year I wanted to show you the real deal and not mess around. I don't want it to be a problem or come off that I'm showing off. I want you guys to see what I do. Its not about making 100 pips a day. It's about taking high probability trades and managing them. I consider myself in the top 10% and this is what it looks like.
Mr Pip,, Piptrenz and Mstermind said it as it is,, i learnt a lot from you and specially in the last few weeks ever since that webinar on the 26th of Dec, and i think i speak on behalf of every one here, this thread is reborn again.
so a big fat THANK YOU to you
  • #12,027
  • Jan 16, 2015 11:32am Jan 16, 2015 11:32am
Quoting hansma
{quote} I think I get it. So from a strong NSH/NSL you should not get any pullback above or below the structure that created this. ? If it happens something might have changed ?. If it is not to much trouble - please pull a chart for my reference to learn from Thanks my friend
Sure I will provide you with a chart Some time over the weekend have to head out soon but use the ratios for reference.

Shallow correction = up to 38.2 I expect every swing of achieve at least a 38.2 correction. Sometimes in extremely bullish or bearish conditions this may not happen.

Mid Range correction is between the 38.2 and the 61.8 this is where the majority od the swings in healthy trends correct to.

Deep correction is between 61.8 and structure. I don't like for price to go beyond the 78.6 as this usually changes my expectation of a NSH or NSL however it is what it is. If price gets deeper then the 78.6 I'm looking for a retest or very weak NSL or NSH. I hope this helps and I will get you a chart to get a visual soon.
If you fail to plan, you plan to fail.
  • #12,028
  • Jan 16, 2015 11:38am Jan 16, 2015 11:38am
Quoting Mr. Pip
{quote} Sure I will provide you with a chart Some time over the weekend have to head out soon but use the ratios for reference. Shallow correction = up to 38.2 I expect every swing of achieve at least a 38.2 correction. Sometimes in extremely bullish or bearish conditions this may not happen. Mid Range correction is between the 38.2 and the 61.8 this is where the majority od the swings in healthy trends correct to. Deep correction is between 61.8 and structure. I don't like for price to go beyond the 78.6 as this usually changes my expectation of...
Thanks my friend - and once again thank you for taking your time with us and me.

You are one of a kind. God Bless.

Hans
"The future is already written in the past"
  • #12,029
  • Jan 16, 2015 11:59am Jan 16, 2015 11:59am
was about to shut down but saw one last trade for the week. Initial risk was 2.5 pips.
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As the lights go by so too do the shadows move
  • #12,030
  • Jan 16, 2015 12:01pm Jan 16, 2015 12:01pm
Quoting Mr. Pip
Is this too distracting for you or helpful? I haven't done this before, I mean I have thrown out there a trade or two and the majority after the fact. I this year I wanted to show you the real deal and not mess around. I don't want it to be a problem or come off that I'm showing off. I want you guys to see what I do. Its not about making 100 pips a day. It's about taking high probability trades and managing them. I consider myself in the top 10% and this is what it looks like.
Although I follow a few threads, I don't tend to post very much however I would like to make a comment.

In my opinion, this thread possesses a rare combination of quality material and quality instruction. All too often there is one without the other, or a thread spirals off track or into the commercial realm.

I think the manner in which you post charts is very worthwhile. It adds credence to what you preach and you do not come across as boastful because you aren't posting vague, ethereal or cryptic hindsight trades. You are willing to answer questions from the broad spectrum of posters that frequent the thread along with producing detailed training videos at considerable personal effort.

From what I can see, the people who are following this thread are showing tangible improvement. This is a laudable achievement, Mr. Pip.

Perhaps I am biased because I believe the principles you advocate here are the bedrock of trading. I consider myself fortunate because this thread already matches 90% of my trading style and I have been able to pick up pointers that have boosted my performance... Well, my account had been boosted until the broker went bust this morning, but that is a different story!

In summary: keep teaching, keep posting trades and keep producing the training materials
  • #12,031
  • Jan 16, 2015 12:05pm Jan 16, 2015 12:05pm
Quoting Matts Micro
was about to shut down but saw one last trade for the week. Initial risk was 2.5 pips. {image}
Stop hit +8
As the lights go by so too do the shadows move
  • #12,032
  • Jan 16, 2015 1:44pm Jan 16, 2015 1:44pm
Quoting honestknave
{quote} Although I follow a few threads, I don't tend to post very much however I would like to make a comment. In my opinion, this thread possesses a rare combination of quality material and quality instruction. All too often there is one without the other, or a thread spirals off track or into the commercial realm. I think the manner in which you post charts is very worthwhile. It adds credence to what you preach and you do not come across as boastful because you aren't posting vague, ethereal or cryptic hindsight trades. You are willing to answer...
Thank you for the comment and I'm sorry about that My broker is also in major trouble and I am concerned about my capital. I believe this is a crisis and kind of also helps you in the decision making process. The smaller brokers may offer you better deals but how safe are you in a crisis. I hope your money is safe and you get it back.

To the not so seasoned traders be careful who you entrust your money to high leverage is a double edge sword and puts huge and at times unrecoverable strains on brokers when the shit hits the fan.
If you fail to plan, you plan to fail.
  • #12,033
  • Jan 16, 2015 2:12pm Jan 16, 2015 2:12pm
Quoting Mr. Pip
{quote} Thank you for the comment and I'm sorry about that My broker is also in major trouble and I am concerned about my capital. I believe this is a crisis and kind of also helps you in the decision making process. The smaller brokers may offer you better deals but how safe are you in a crisis. I hope your money is safe and you get it back. To the not so seasoned traders be careful who you entrust your money to high leverage is a double edge sword and puts huge and at times unrecoverable strains on brokers when the shit hits the fan.
Thank you for your concern, and likewise I hope things resolve well with your broker.
Given the circumstances, I was very fortunate to have only limited exposure.
You raise a very valid point; once the dust settles I shall be choosing my next broker very carefully on the basis of how they dealt with the current situation.
  • #12,034
  • Jan 16, 2015 2:24pm Jan 16, 2015 2:24pm
Hi, i've read this thread with deep interest in patterns. May i ask if this pair on the 1hrly qualifies as a gartley pattern?
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  • #12,035
  • Jan 16, 2015 3:27pm Jan 16, 2015 3:27pm
Quoting Mr. Pip
{quote} Thank you for the comment and I'm sorry about that My broker is also in major trouble and I am concerned about my capital. I believe this is a crisis and kind of also helps you in the decision making process. The smaller brokers may offer you better deals but how safe are you in a crisis. I hope your money is safe and you get it back. To the not so seasoned traders be careful who you entrust your money to high leverage is a double edge sword and puts huge and at times unrecoverable strains on brokers when the shit hits the fan.
Mr. Pip are you still with FXCM?
if so are you not worried about your capital ?
  • #12,036
  • Jan 16, 2015 4:28pm Jan 16, 2015 4:28pm
Quoting DeepakJ
{quote} Mr. Pip are you still with FXCM? if so are you not worried about your capital ?
I was. I have been talking with my contact at FXCM and its serious but I believe they will be ok. They just got a surplus of cash that saves their ass for the moment. We will see what happens. I have taken measures to protect most of the capital but I still need to work so left some behind to still work with.
If you fail to plan, you plan to fail.
  • #12,037
  • Jan 16, 2015 4:31pm Jan 16, 2015 4:31pm
Quoting Konoko2004
Hi, i've read this thread with deep interest in patterns. May i ask if this pair on the 1hrly qualifies as a gartley pattern? {image}
Off the top the ratios do not appear to have been hit. It's close but I have not checked on my chart. What if it is or what if it isn't? Is there still an opportunity to trade? What are you thought? Tell me your case for entry or dismissal.
If you fail to plan, you plan to fail.
  • #12,038
  • Jan 16, 2015 4:49pm Jan 16, 2015 4:49pm
Quoting Mr. Pip
{quote} I was. I have been talking with my contact at FXCM and its serious but I believe they will be ok. They just got a surplus of cash that saves their ass for the moment. We will see what happens. I have taken measures to protect most of the capital but I still need to work so left some behind to still work with.
I just read that they got 300mln. A few hours ago i already transfered half of my account. Lets see where this will end.
Have a Nice weekend !
  • #12,039
  • Jan 16, 2015 5:26pm Jan 16, 2015 5:26pm
Quoting DeepakJ
{quote} I just read that they got 300mln. A few hours ago i already transfered half of my account. Lets see where this will end. Have a Nice weekend !
You too my friend. Thanks!
If you fail to plan, you plan to fail.
  • #12,040
  • Jan 17, 2015 1:32am Jan 17, 2015 1:32am
Quoting pampaq
{quote} The correct trade was entered in favor of trend, in C, there, probabildades re testing of HH are high, and if there bullish mmtum, as it were, are quick pips, however, fails to come on time, and I just took a few pips more, + 17 pips, with this other trade.Saludos {image} {image}
Hi Pampaq

Love the charts you are posting, im assuming MT4

what indicators are you using?


Thanks

Chalky
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