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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

  • #14,961
  • Dec 2, 2015 10:03am Dec 2, 2015 10:03am
Couldn't get in to Cypher, no valid entry by my rules
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  • #14,962
  • Edited 8:37pm Dec 2, 2015 8:13pm | Edited 8:37pm
morning folks ! as any one up for trading ? just wake up, there was a cypher at EU and 3 drive at AU with double bottom completion right in to the structure
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  • #14,963
  • Dec 2, 2015 11:09pm Dec 2, 2015 11:09pm
Quoting smarajit1
{quote} Mr. Devon, Do you mean automatic trailing of SL or Manual dragging? If manual, how to decide upto where to drag the stop?
manual dragging and where to is up to you.Maybe prior swing
  • #14,964
  • Dec 2, 2015 11:31pm Dec 2, 2015 11:31pm
AC price missed second target by 1 pip, closed BE
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  • #14,965
  • Dec 3, 2015 12:58am Dec 3, 2015 12:58am
possible short
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  • #14,966
  • Dec 3, 2015 1:44am Dec 3, 2015 1:44am
it looks like 2 out of 3, still good +4,5 and -1 :nerd:
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  • #14,967
  • Dec 3, 2015 1:47am Dec 3, 2015 1:47am
this one is a killer
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  • #14,968
  • Dec 3, 2015 2:15am Dec 3, 2015 2:15am
Quoting fxnikolaev
it looks like 2 out of 3, still good +4,5 and -1 :nerd: {image} {image} {image}
amazing. keep up the good work
  • #14,969
  • Dec 3, 2015 2:28am Dec 3, 2015 2:28am
this is what I'm looking at:
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  • #14,970
  • Dec 3, 2015 4:54am Dec 3, 2015 4:54am
Quoting fxnikolaev
AC price missed second target by 1 pip, closed BE {image} {image}
Lol, yeah I had one of these a couple of days ago. And of course it took me out at BE then went well above my previous TP point
  • #14,971
  • Dec 3, 2015 5:00am Dec 3, 2015 5:00am
Got a day off today so wanted to sit on my charts, but seems all quiet out there ATM. Watching the cable as I normally do but in a range after yesterdays large bear run. Looking to enter long with a close above the 1.4950, with TP being just under the 1.5000.

Lets see how things go. (will post charts later if I make a trade).
  • #14,972
  • Dec 3, 2015 6:48am Dec 3, 2015 6:48am
even in crazy times (the fat cats are going nuts as the market was getting too predictive) the price still respects structure and harmonics . see image below
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  • #14,973
  • Dec 3, 2015 6:49am Dec 3, 2015 6:49am
Well I was getting a little restless waiting for price to hit above the 1.4950 so was looking for other entries.

Went long after price hit an area of support, had touched this 4 times (just one spike below due to news). Put by TP at the 1.4950 and price went for me so I moved to BE knowing some EU news was coming up. Thankfully price went up to hit my TP before the news, then started dancing around a little.

+20 pips on the day.

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Time for some well earned lunch...
  • #14,974
  • Dec 3, 2015 6:51am Dec 3, 2015 6:51am
Quoting PipTrendz
Well I was getting a little restless waiting for price to hit above the 1.4950 so was looking for other entries. Went long after price hit an area of support, had touched this 4 times (just one spike below due to news). Put by TP at the 1.4950 and price went for me so I moved to BE knowing some EU news was coming up. Thankfully price went up to hit my TP before the news, then started dancing around a little. +20 pips on the day. {image} Time for some well earned lunch...
enjoy your meal!
  • #14,975
  • Dec 3, 2015 6:54am Dec 3, 2015 6:54am
Quoting ujku80
even in crazy times (the fat cats are going nuts as the market was getting too predictive) the price still respects structure and harmonics . see image below {image}
I was looking at the EURUSD for a bit after your post earlier and considered it at the double bottom but there was no clear candle to get me into a trade, then a close below structure, plus I was looking at the cable more intently. Seems to have taken a crazy jump with news!!

Quoting ujku80
{quote} enjoy your meal!
Thanks
  • #14,976
  • Dec 3, 2015 7:08am Dec 3, 2015 7:08am
Quoting PipTrendz
{quote} I was looking at the EURUSD for a bit after your post earlier and considered it at the double bottom but there was no clear candle to get me into a trade, then a close below structure, plus I was looking at the cable more intently. Seems to have taken a crazy jump with news!! {quote} Thanks
i was looking to go long at the completion of the harmonics 1:1 right at 1.0540, but didn't dare as news was coming and it was not just ordinary news, but rate related, which are the one that drive price very strongly. And, mistakenly, my expections for the news was that it would send the price even lower since Euro zone is crap and they can't do anything else other than print more money and decrease rate. Which means that euro should get weaker and weaker. Anyway.
if I had followed harmonics and taken that trade (long) and placed my TP at 61.8% of the swing, it would have been a 50 pip profit yeah well, I would have had a million dollar by now with a benefit of hindsight, right?!
  • #14,977
  • Dec 3, 2015 7:15am Dec 3, 2015 7:15am
where you think price should pull back guys, so that we could enter an aggressive C buy? at 50% fib we have some nice structure. 61.8% is not too bad either. or should let PA lead us to our entry long? do you think price can pull as low as 78.6& cuz I don't.
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  • #14,978
  • Dec 3, 2015 7:34am Dec 3, 2015 7:34am
Quoting PipTrendz
Got a day off today so wanted to sit on my charts, but seems all quiet out there ATM. Watching the cable as I normally do but in a range after yesterdays large bear run. Looking to enter long with a close above the 1.4950, with TP being just under the 1.5000. Lets see how things go. (will post charts later if I make a trade).
Well Mr Pip talked about having an expectation and this was mine ^^^

Going to the 5 min chart which I normally use for my entries here is a trade I was expecting but missed out on about 28-30 pips.

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This is something that happens to me all too often. I make a read of the chart in the morning and set my expectations, then when it comes to it I tend to miss them as not at my computer or just a little too apprehensive about making the trade.

I should trust in my read and judgement of the charts more
  • #14,979
  • Dec 3, 2015 11:04am Dec 3, 2015 11:04am
Well, I spend a day reading thread. I was looking through Mr.Pip patterns ratio, and noticed that by that ratio I had a crab not a gartley at AC, I didn't trade a crab before, so I decided to give it a shot!! Here is result )))

Thank you Mr.Pip for all your knowledge which you shared with us !!!
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  • #14,980
  • Dec 3, 2015 11:12am Dec 3, 2015 11:12am
Quoting ujku80
where you think price should pull back guys, so that we could enter an aggressive C buy? at 50% fib we have some nice structure. 61.8% is not too bad either. or should let PA lead us to our entry long? do you think price can pull as low as 78.6& cuz I don't. {image}
There is a range on left, 50% top of range, 61% middle and 78% bottom, I would be looking for the entry in the area between 61 and 78, but it is only my opinion.
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