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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

  • #13,381
  • Mar 9, 2015 2:59am Mar 9, 2015 2:59am
Quoting Masterrmind
EURUSD (M15) {image} Long and then short opportunities......... Watch the OF....... Watch the PA....... Look at the obstacles on your chart...... Be aware of the sessions in which you are / or are about to trade in........ Decide whether or not to enter the trade based on all the factors! Never enter the trade blindly........ trade with the probability on your side! Manage your risk and manage your trade! Masterrmind............ :nerd:
EURUSD (M15 chart)

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Price up snug with my PRZ as was my expectation (fulfilled!)

Now looking to short it......at the right time of course!

Good trading,

Masterrmind...........
Master your Mind then Master your Trades
  • #13,382
  • Mar 9, 2015 3:07am Mar 9, 2015 3:07am
Quoting Masterrmind
{quote} EURUSD (M15 chart) {image} Price up snug with my PRZ as was my expectation (fulfilled!) Now looking to short it......at the right time of course! Good trading, Masterrmind...........
.....EURUSD (M15 chart).......

Attached Image


the bulls are pushing hard at LO so sit back and watch it play out........ if it drives up harder let it go

look for other opportunities....... there are always plenty!

..........and that's why patience and timing is so vital to your success!

Not a lot of structure in the way so I'd guess it could push up closer to 1.09250 if the bulls keep strong.

But I'll likely sit that trade out and look elsewhere for a trade that in my opinion has a far greater probability of success.

Masterrmind........... :nerd:
Master your Mind then Master your Trades
  • #13,383
  • Mar 9, 2015 3:29am Mar 9, 2015 3:29am
Quoting Masterrmind
EURJPY (M15 chart) - looking at shorting opportunities once price reaches my zone - if it does! {image} Note: entering a C buy is also possible but I'll leave that up to your own judgement! Masterrmind.............
EURJPY (M15 chart)

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Price has entered my PRZ zone............possibly looking for shorts BUT the bull strength is strong!

Masterrmind............
Master your Mind then Master your Trades
  • #13,384
  • Mar 9, 2015 3:52am Mar 9, 2015 3:52am
Please have a look! AUDUSD H1, ABCD wave in H1... Price overlapped 127%, I BUY at 138.20% and Tp at AD Fibonacci Retracement!
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Trade Different
Multi 3000 All Time Pips: 23,606
  • #13,385
  • Mar 9, 2015 4:52am Mar 9, 2015 4:52am
Quoting TidalSurf
Please have a look! AUDUSD H1, ABCD wave in H1... Price overlapped 127%, I BUY at 138.20% and Tp at AD Fibonacci Retracement! {image}
Very aggressive entry??

Fibs are great as I use them all the time (sometimes they don't appear on my charts though) but look at the structure on your chart regarding the long position.

I'd keep an eye on it in case it decides to reverse!

Good trading,

Masterrmind..............
Master your Mind then Master your Trades
  • #13,386
  • Mar 9, 2015 7:49pm Mar 9, 2015 7:49pm
Quoting Masterrmind
{quote} Very aggressive entry?? Fibs are great as I use them all the time (sometimes they don't appear on my charts though) but look at the structure on your chart regarding the long position. I'd keep an eye on it in case it decides to reverse! Good trading, Masterrmind..............
Bro, thanks for replying! How did you know that it will reverse? Mind to elaborate? Thanks
Trade Different
Multi 3000 All Time Pips: 23,606
  • #13,387
  • Mar 9, 2015 11:19pm Mar 9, 2015 11:19pm
This is USDJPY, I would say it is forming CYPHER pattern. H4 timeframe.
Please have a look!

I'SHORTED at C, SL at 122.80, TP at 118.90!
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Trade Different
Multi 3000 All Time Pips: 23,606
  • #13,388
  • Mar 10, 2015 5:49am Mar 10, 2015 5:49am
Had a day off trading yesterday. Got started a little late and then didn't feel mentally in the right place anc had some other things to do. I felt that emotion may get into trades for some strange reason lol so I decided to sit it out.

Firstly thanks for your comments below

Quoting honestknave
{quote} Well done PipTrendz Have a target, hit it consistently. That's what it is all about
Quoting pampaq
{quote} Congratulations, 20 Pips a day is a great goal, and really profitable. Greetings, and keep in touch.
Quoting ralphfx
{quote} Congratulation! In my humble opinion 20 pips a day is a good achievement...perhaps you could share your experience on how to achieve such goals...thanks PipTrendz...
Ralph, Yeah basically just a lot of chart time and identifying my weaknesses and addressing them. So I knew emotion was a player so I set some rules for myself and try to stick to them (basically walk away if I feel they are entering my trades). Then order flow and structure was missing to just going back over old bits in the thread and watching some videos, these were the most help. Just keep going, improving etc.
Quoting Chalky600
{quote} Hi Piptrendz glad to see you hitting the nail firmly on the head. One question for you or anyone else, you say that you focussed on ABCD patterns, was that an entry on the completion of the pattern or an aggressive c entry at a fibbo level? Whenever i get in with an agressive c I often take profits fairly quickly in anticipation of a reversal into a gartley type formation (61.8 retrace of the cb Leg) If you are entering at the c point can you give your ideas for setting a target at a full AB = CD or not Thanks Chalky
This is hard to give a straight answer and I suggest you test out your own and set some rules. I mainly enter on an aggressive C as it is with order flow, plus it needs to be correcting at some structure. I do enter on completions and I will look for a few things, like if it is after a long trend I will look for a slowdown in momentum and only enter at the ABCD completion, meaning it had just retraced 61.8%+ of the last swing so at least a similar correction should be expected. Plus I look at double bottoms or a higher low/lower high rested of the low/high etc.

Sorry if that is not too clear, it is hard to write it all down as my rules are simple to me in my head but harder to put down. I think the more you trade like this the more second nature it becomes. So you end up entering using lots of rules and signs the charts give you but you see them real time and quickly that you hardly even think about them.
  • #13,389
  • Mar 10, 2015 5:52am Mar 10, 2015 5:52am
So my first trade of the day was a winner for 15 pips. I could have taken it higher really, initially had my TP near the top of the golden zone of the last swing. Then price went to profit, stalled a little and then went up again, and I was not watching at this point. I moved my SL to BE when price stalled at about +6 pips to protect against a possible reversal.

I was also going to increase my lot size for this week but i forgot to

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  • #13,390
  • Mar 10, 2015 7:35am Mar 10, 2015 7:35am
Trade number 2 of the day another 15 pips, and I increased my lot size this time

So I missed most of the stuff on the way down after my last trade. Initially I hesitated and then I missed another entry later on but was a little worried it may correct at any point.

So I waited for a clear correction in price for a reversal to the upside. I thought about it on the first bullish candle but it had done this before and continued down so wanted to wait for a second confirmation which cam a couple of candles later.

Again as with my last trade I was going to move the candle up but it accelerated quick on those last 5 pips to my TP and by the time I moved it my TP was already hit. Anyway looks like someone said something somewhere as price corrected quickly not too far after that so I am happy again.

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  • #13,391
  • Mar 10, 2015 10:29am Mar 10, 2015 10:29am
Bit of a nervy third trade of the day for me.

Went on an ABCD aggressive C entry after the lows touched into the golden zone. Then a strong bullish candle was my entry with a SL below last structure. Price moved against me, then with me, then against....BoE chairman was speaking so there was a risk of a jump in any direction, but by this point I was in so was waiting it out.

Price did get to within a pip of my SL so got a little lucky there, probably should have been a little lower to be sure but it survived!! Then price started to go for me. As there was news I moved my TP higher than it was initially and then price touched it and then started to drop. It had hit an area of resistance and I watched it for a minute or 2 and then manually exited as could see price likely to drop.

Took another 10 pips on that trade so making me +40 on the day, my best day so far That is probably me for the day as my boy is due home soon so unlikely to take another trade.

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  • #13,392
  • Mar 10, 2015 5:34pm Mar 10, 2015 5:34pm
Quoting PipTrendz
Bit of a nervy third trade of the day for me. Went on an ABCD aggressive C entry after the lows touched into the golden zone. Then a strong bullish candle was my entry with a SL below last structure. Price moved against me, then with me, then against....BoE chairman was speaking so there was a risk of a jump in any direction, but by this point I was in so was waiting it out. Price did get to within a pip of my SL so got a little lucky there, probably should have been a little lower to be sure but it survived!! Then price started to go for me. As...
Very well done, I have marked the DZ, that sustains structure, where you placed the SL.
The expectation was that in the area of supply, the price will would curb, and then find its peak, my opinion, had taken a part to reach the previous HH.
Greetings and we continue to learn one of the other
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  • #13,393
  • Mar 10, 2015 6:13pm Mar 10, 2015 6:13pm
A very avoidable loss, in this setup, we have: a) clearly marked structures such as DZ. b) breaking the trendline, with a first LL, leaving a failed Retesting, and HL exactly in the area of ​​supply. c) Regular clear bearish divergence in the CCI.
Everything to gain around 80 pips easy. Of course after having lost everything is clearer. THE ERROR, 1) for those few who read this post, input shorted went down, never sold below or following a decline of four candles. It is beginner, sold upstairs in the supply area, where we have the probability that the price falls, until at least the first LL. 2) if we go wrong, as was the case, mistakes cost, and therefore the SL by, should have been placed in the last HH, always should have gone there.
And so a great opportunity, becomes a waste, or walked well, or pay more SL.
The market is always right, and not only, I did not bring 89, on the contrary, I have donated -13 pips
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  • #13,394
  • Mar 11, 2015 1:59am Mar 11, 2015 1:59am
Quoting pampaq
A very avoidable loss, in this setup, we have: a) clearly marked structures such as DZ. b) breaking the trendline, with a first LL, leaving a failed Retesting, and HL exactly in the area of ​​supply. c) Regular clear bearish divergence in the CCI. Everything to gain around 80 pips easy. Of course after having lost everything is clearer. THE ERROR, 1) for those few who read this post, input shorted went down, never sold below or following a decline of four candles. It is beginner, sold upstairs in the supply area, where we have the probability...

Excuse my ignorance but what is a DZ? (anyone)

Thanks
  • #13,395
  • Mar 11, 2015 5:00am Mar 11, 2015 5:00am
Quoting Chalky600
{quote} Excuse my ignorance but what is a DZ? (anyone) Thanks
DZ=Demand Zone
(SZ =Supply Zone)
  • #13,396
  • Mar 11, 2015 3:26pm Mar 11, 2015 3:26pm
+ 82 pips, strong downward pressure, we expect throwback to SZ and an appropriate pattern candle, we entered short, until the next area of demand.
It was only follow the trend. and see the bearish divergence regulate.
regards
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  • #13,397
  • Mar 12, 2015 5:37am Mar 12, 2015 5:37am
Quoting pampaq
+ 82 pips, strong downward pressure, we expect throwback to SZ and an appropriate pattern candle, we entered short, until the next area of demand. It was only follow the trend. and see the bearish divergence regulate. regards {image} {image} {image} {image}
Nice trade

I had a mixed day yesterday and was fighting to get back to BE so didn't post. I started the day with a couple of silly trades and ended up losing 10 pips each, -20 for the day. I carried on and got my read back, and managed to get back on BE for the day, 5 trades (3@-10 pips, 1@+10 & 1@+20).

Taking it a little slower today and just on the sidelines right now.
  • #13,398
  • Edited 2:31pm Mar 12, 2015 8:49am | Edited 2:31pm
2 entries from yesterday hit their target today for 305,6 pips total.

Entry criteria was H4 supply structure area way back to the left.

Regards,

H.
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"The future is already written in the past"
  • #13,399
  • Edited 10:49am Mar 13, 2015 1:52am | Edited 10:49am
EU closed 63,0 pips.

Regards.

H.
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"The future is already written in the past"
  • #13,400
  • Mar 13, 2015 8:33am Mar 13, 2015 8:33am
Entered short on the GBP/JPY. AB=CD pattern. Aggressive C entry.
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