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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

  • #15,241
  • Jan 19, 2016 6:39am Jan 19, 2016 6:39am
Quoting fxnikolaev
And one more trade from yesterday 65 pips, thats gonna be it, for today, will post more, when I will have time Power in Harmonic {image}
Very nice!
If you fail to plan, you plan to fail.
  • #15,242
  • Edited 5:52pm Jan 19, 2016 6:39am | Edited 5:52pm
Here is an EUR/AUD 5min expectation for ya. Wait for the HL to form into structure with bullish conformation. If you zoom out ratios have completed twice. Lets see what happens.

Same scenario on EUR/NZD

Had to get out its headed down. At least in profit. Not moving fast enough for me
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Empower Your Mind
  • #15,243
  • Jan 19, 2016 6:39am Jan 19, 2016 6:39am
Quoting danielwang
{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}
We can say that it is a valid pattern only when we will see a completion at point D
  • #15,244
  • Jan 19, 2016 6:41am Jan 19, 2016 6:41am
Quoting vqtrader
Here is an EUR/AUD 5min expectation for ya. Wait for the HL to form into structure with bullish conformation. If you zoom out ratios have completed twice. Lets see what happens. Same scenario on EUR/NZD {image}
There is Gartley competition at NSL
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  • #15,245
  • Jan 19, 2016 6:49am Jan 19, 2016 6:49am
Quoting jpwtrade
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...
This one is more difficult to figure out. Overall it is range bound. The last this that was accomplished was a decisive and strong NSL followed by a mid range correction. We should have had continuation to the downside with not much effort but that has not occurred. The bears are really struggling to take price lower and although they are managing to achieve NSL and LH it has been a fight to make that happen and order flow to the down side is breaking down. Knowing this information where do you feel price has a higher probability of going.
If you fail to plan, you plan to fail.
  • #15,246
  • Jan 19, 2016 6:50am Jan 19, 2016 6:50am
Currently shorting USDJPY, can't draw nice charts like you guys because I'm using MT4.

Order flow seems to be not on my side, but I like the RR of this trade. I do see an AB=CD ended, so give it a try.

Please highlight my mistakes if you see any thanks in advance.
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  • #15,247
  • Jan 19, 2016 6:56am Jan 19, 2016 6:56am
Quoting lithium1
Currently shorting USDJPY, can't draw nice charts like you guys because I'm using MT4. Order flow seems to be not on my side, but I like the RR of this trade. I do see an AB=CD ended, so give it a try. Please highlight my mistakes if you see any thanks in advance. {image}
No mistake you have addressed that order flow is against you but the R/R is worth the trade. Tell me what your expectation is on your profit target. Put it on the chart it helps me address potential issues with the expectation.
If you fail to plan, you plan to fail.
  • #15,248
  • Jan 19, 2016 7:00am Jan 19, 2016 7:00am
Quoting fxnikolaev
{quote} We can say that it is a valid pattern only when we will see a completion at point D
This is true patterns are only patterns when they complete. It is also important to assess what pattern or patterns are in play to forecast possible entries into the completion of point D or at the very least to identify or PRZ ahead of time. This allows us to take trades on our terms and not the markets.
If you fail to plan, you plan to fail.
  • #15,249
  • Jan 19, 2016 7:03am Jan 19, 2016 7:03am
Quoting Mr. Pip
{quote} No mistake you have addressed that order flow is against you but the R/R is worth the trade. Tell me what your expectation is on your profit target. Put it on the chart it helps me address potential issues with the expectation.
Hi Mr Pips,

Looking at the USDJPY chart posted by Bro Lith, the AB=CD only a 20+% retracement. After AB=CD completes, will it be considered as a reverse signal?
If yes, comparing ABCD and AB=CD, is completion ABCD stronger than AB=CD in terms of reverse potential?

Thanks in advance.
  • #15,250
  • Jan 19, 2016 7:09am Jan 19, 2016 7:09am
Quoting lithium1
Currently shorting USDJPY, can't draw nice charts like you guys because I'm using MT4. Order flow seems to be not on my side, but I like the RR of this trade. I do see an AB=CD ended, so give it a try. Please highlight my mistakes if you see any thanks in advance. {image}
78 close, i would like to see rejection of 78,
If price will close above 141, close that trade. For now you can get a drop to 117, with a possible buy below 117. But this is probabilities
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  • #15,251
  • Jan 19, 2016 7:12am Jan 19, 2016 7:12am
Quoting fxnikolaev
{quote} There is Gartley competition at NSL {image}
Yeah but I don't look at patterns only 1:1 ratio completion points and structure. I am in trade. let's see
Empower Your Mind
  • #15,252
  • Jan 19, 2016 7:13am Jan 19, 2016 7:13am
Morning Mr Pip

I was looking at the Cable 5 min chart, it was making NSH, Higher Lows. I was looking to take a long in the shaded area, for a continuation.

My expectation was for a NSH, as there had been an orderflow rotation.

Was there anything I missed. As I would not of been looking for shorts at all.
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  • #15,253
  • Jan 19, 2016 7:16am Jan 19, 2016 7:16am
Tp1 reached, Sl at BE. Here is my plan, to short in green area with a target at 1.44, and buy around 1.44. But it just probabilities, will see how it will go
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  • #15,254
  • Jan 19, 2016 7:18am Jan 19, 2016 7:18am
Quoting Aj1
Morning Mr Pip I was looking at the Cable 5 min chart, it was making NSH, Higher Lows. I was looking to take a long in the shaded area, for a continuation. My expectation was for a NSH, as there had been an orderflow rotation. Was there anything I missed. As I would not of been looking for shorts at all. {image}
Some times you get 90% win, some times 30%, it is market
No sell at all ??? Why ??
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  • #15,255
  • Jan 19, 2016 7:22am Jan 19, 2016 7:22am
Quoting Mr. Pip
{quote} No mistake you have addressed that order flow is against you but the R/R is worth the trade. Tell me what your expectation is on your profit target. Put it on the chart it helps me address potential issues with the expectation.

Thanks for all your comments, these are my expectation at the moment.
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  • #15,256
  • Jan 19, 2016 7:24am Jan 19, 2016 7:24am
Quoting fxnikolaev
{quote} 78 close, i would like to see rejection of 78, If price will close above 141, close that trade. For now you can get a drop to 117, with a possible buy below 117. But this is probabilities {image}
The way you place your fibo is very unique, I never use 141 before
  • #15,257
  • Jan 19, 2016 7:25am Jan 19, 2016 7:25am
Quoting danielwang
{quote} Hi Mr Pips, Looking at the USDJPY chart posted by Bro Lith, the AB=CD only a 20+% retracement. After AB=CD completes, will it be considered as a reverse signal? If yes, comparing ABCD and AB=CD, is completion ABCD stronger than AB=CD in terms of reverse potential? Thanks in advance.
I agree completely. I want everyone to understand that what you are looking to trade here is a correction in price. Whether that turns into a reversal is determined later on when structure holds or fails. This is the premise and our expectation until it fails.
If you fail to plan, you plan to fail.
  • #15,258
  • Jan 19, 2016 7:33am Jan 19, 2016 7:33am
Quoting Mr. Pip
{quote} Nice job! The expectation was for the demand zone to fail. You said supply but I'm sure you meant demand or support. The Holiday and lack of participants has kept price idle but the expectation remains. {image}
Yes... I did mean to say the demand zone would fail... I don't know why I wrote supply... It was close to midnight when I responded.. I am in Taiwan... So, I am about a half day ahead of the east coast.
Luck has no place in trading. Leave that for the poker table.
  • #15,259
  • Jan 19, 2016 7:39am Jan 19, 2016 7:39am
Quoting Aj1
Morning Mr Pip I was looking at the Cable 5 min chart, it was making NSH, Higher Lows. I was looking to take a long in the shaded area, for a continuation. My expectation was for a NSH, as there had been an orderflow rotation. Was there anything I missed. As I would not of been looking for shorts at all. {image}
At the top the buyers bought with tons of will but it took more selling to reject that strength. Following that the next candle was not able to trade very much above its open. then that very strong bear candle should not have been permitted and then a very weak attempt to make a NSH that fails. This was the definitive clue that the bulls might be finished here. The nail in the coffin is the second failed NSH.

Your radar should have been on alert after that high. Get into the habit of asking yourself what should be allowed here? What is reasonable? And finally what does this mean to the order flow?

Who achieves what is important and will help filter certain setups.
If you fail to plan, you plan to fail.
  • #15,260
  • Jan 19, 2016 7:43am Jan 19, 2016 7:43am
Quoting lithium1
{quote} Thanks for all your comments, these are my expectation at the moment. {image}
Looks good. Bulls look strong good luck.
If you fail to plan, you plan to fail.
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