Ratios & Harmonics: a Different Way to Trade

Quoting Pip-Miner

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{quote} Mr Pip , Pip Miner , sounds like a cool lot lol . We welcome any contributions by you in the gbpaud interactive trading thread, currently contributed to by a team of experienced traders in particular Elliot wave theory, pivots, fibs, price action, resistance points, trends, harmonics( my attempt using auto software) . Your expertise in this area would be much appreciated. I m using a Harmonics indicator for MQL4 and do experience the problems you mentioned on the lower time frames. I agree no replacement for knowing how to do this yourself....

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Quoting Mr. Pip

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No takers what a shame. {image}

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Quoting Mr. Pip

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{quote} No, i close my trade sometimes early if price is breaking down on me. Other times my trail may get hit. But I try to get to a breakeven at the test of structure and tail after that.

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Quoting Mr. Pip

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{quote} Sorry for the late response, it looks like a decent buy set up.

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Quoting lithium1

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This one opposite order flow? Not sure I read it correctly

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Quoting Mr. Pip

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{quote} Could be going but but it found resistance at structure so be careful on the long manage it with caution.

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Quoting fxnikolaev

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And one more trade from yesterday 65 pips, thats gonna be it, for today, no more charts, Power in Harmonic {image}

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Quoting jpwtrade

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Hello Mr. Pip, 1st Thank you for your valued comments on my previous posts, be assured it greatly valued. Have been "trading" since August 2014 and have been jumping from strategy, template and timeframe and needless to say can not show profits, but I am happy since I can feel that I am very close. My picture of the EURUSD day chart is where I am at. (DAY chart only, determining potential reversal zones by using confluence of historical resistance/support levels, Fibonacci extensions, harmonic patterns and then candlestick patterns when the price...

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Quoting Mr. Pip

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Hello Traders does anyone want to take a shot at this chart? 233T DOW Futures. What is the expectation? What is working in favor? What is working against? Who is in control? What else could happen? I added some Supply and Demand Zones to assist. {image}

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Quoting DizzleFX

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{quote} I don't have access to any charts right now, so I edited yours. In your chart, I would have taken a short on the second black bar in the green box. I look at it as, for the short term order flow or pullback it made a weak NSH right into an area of structure which is my yellow box. Just curious what would have kept you out of taking that trade. Possibly that the NSL was made on weakness, so a deeper correction should be the expectation? Thanks {image}

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Quoting lithium1

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{quote} Thanks for the reply. I find the more we manage the trade with trail, we will get higher win rate but lower Win lose ratio result.If we let the trade run till our initial target, then we will have lower win rate but higher win lose ratio. Do you experience the same?

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Quoting danielwang

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{quote} Thanks Mr Pips for the continuous effort in educating us. for the current EU, M15, is it an XABC or ABC now as shown in the chart? {image}

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Quoting danielwang

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Dear Mr Pips and other Harmonics traders, is this a valid confluence area for Japan 225? it is 1.382 extension of the small ABCD and 0.618 profit taking target for the ABCD revert. Is it a good time to short? then follow the ABCD rule TP1 0.382, then TP2 0.618? Thank you! {image}

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Quoting danielwang

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{quote} Dear Mr Pips, the DWJ turned out to be a good long after the big ABCD. Is it now at the confluence of the big and small ABCD and time to short in this case? Sorry for posting so many posts suddenly. just wanted to verify whether i am on the right tracks after reading so many of your posts. Thank you. {image}

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