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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

  • #15,261
  • Jan 19, 2016 7:45am Jan 19, 2016 7:45am
Quoting lithium1
{quote} The way you place your fibo is very unique, I never use 141 before
The 141 is a minor level but the one that the Cypher must not go past. It is also right by the 138.2 so either one works fine.
If you fail to plan, you plan to fail.
  • #15,262
  • Jan 19, 2016 7:49am Jan 19, 2016 7:49am
Quoting Mr. Pip
{quote} Great question. There is not enough information on the chart yet. You need more candles to print. At that moment it looked like an ABC but XABC is not out of the question. Can you tell me why I am leaning towards the ABC? The hint is in the order flow.
Hi Mr Pips, how do you read the EU pair in 5M or 15M now?

There are both lower high and higher low. even though the higher low is much less significant. are you still lean towards ABC and D potentially pointing down?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM5, confusing, 19 Jan 2016.png Size: 43 KB
  • #15,263
  • Jan 19, 2016 7:49am Jan 19, 2016 7:49am
Ok Traders,

I like the participation and interactions, I'm going to get ready for my trading session. I will come back later to catch up later. Keep up the good work!
If you fail to plan, you plan to fail.
  • #15,264
  • Jan 19, 2016 7:50am Jan 19, 2016 7:50am
Quoting Mr. Pip
{quote} 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?...
Thank you for a very thorough explanation

Excellent as always

Regards
Aj1
  • #15,265
  • Jan 19, 2016 7:50am Jan 19, 2016 7:50am
Quoting danielwang
{quote} Hi Mr Pips, how do you read the EU pair in 5M or 15M now? There are both lower high and higher low. even though the higher low is much less significant. are you still lean towards ABC and D potentially pointing down? {image}
Price should achieve a NSL
If you fail to plan, you plan to fail.
  • #15,266
  • Jan 19, 2016 8:14am Jan 19, 2016 8:14am
Quoting Mr. Pip
{quote} The 141 is a minor level but the one that the Cypher must not go past. It is also right by the 138.2 so either one works fine.
thats true, 138 or 141, it is personal preference. I use it not only for Cypher, but it is different story.
  • #15,267
  • Jan 19, 2016 8:26am Jan 19, 2016 8:26am
Quoting Mr. Pip
{quote} Looks good. Bulls look strong good luck.
Yeah, the bears are not strong enough, take small profit early, not comfortable with the trade.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 33 KB
  • #15,268
  • Jan 19, 2016 8:32am Jan 19, 2016 8:32am
Quoting lithium1
{quote} Yeah, the bears are not strong enough, take small profit early, not comfortable with the trade. {image}
Bro Lith, just a side note. I am using MT4 as well. You could draw all those triangle. It is under the insert function.
  • #15,269
  • Jan 19, 2016 8:37am Jan 19, 2016 8:37am
Quoting danielwang
{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}

Such a nice short for Dow jones. From 16207 area. More than 100 pips drop
  • #15,270
  • Jan 19, 2016 8:48am Jan 19, 2016 8:48am
Quoting danielwang
{quote} Bro Lith, just a side note. I am using MT4 as well. You could draw all those triangle. It is under the insert function.
Thanks Daniel,
  • #15,271
  • Jan 19, 2016 9:48am Jan 19, 2016 9:48am
Missed a nice chance to long USDCAD... what a waste!


To Mr Pip:

I notice that your TP1(0.382 of AD) and TP2(0.618 of AD) for both Gartley and ABCD are the same. Isn't Gartley a stronger pattern than ABCD (since Gartley has an extra XA)? shall Gartley TP be more? just a question. i am still quite new in harmonics....
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADH1, Gartley, 19 Jan 2016.png Size: 29 KB
  • #15,272
  • Jan 19, 2016 10:03am Jan 19, 2016 10:03am
Is NZDUSD a good short?

maybe not a Gartley but a valid ABCD.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDH1, Gartley, 19 Jan 2016.png Size: 32 KB
  • #15,273
  • Jan 19, 2016 10:19am Jan 19, 2016 10:19am
Hi Mr Pip,

question on one more pair. USDCHF 4H chart.

Is this a potential double ABCD?

the big red one + the small orange one. The blue rectangle is the confluence area for extensions of both AB. it nicely confluence with the Structure High in Jan 2015.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFH4, double ABCD, 19 Jan 2016.png Size: 39 KB
  • #15,274
  • Jan 19, 2016 10:30am Jan 19, 2016 10:30am
Quoting fxnikolaev
{quote} thats true, 138 or 141, it is personal preference. I use it not only for Cypher, but it is different story.
Cool
If you fail to plan, you plan to fail.
  • #15,275
  • Jan 19, 2016 10:33am Jan 19, 2016 10:33am
UC TG2 +72 pips
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM15.png Size: 81 KB
  • #15,276
  • Jan 19, 2016 10:34am Jan 19, 2016 10:34am
Quoting danielwang
Missed a nice chance to long USDCAD... what a waste! To Mr Pip: I notice that your TP1(0.382 of AD) and TP2(0.618 of AD) for both Gartley and ABCD are the same. Isn't Gartley a stronger pattern than ABCD (since Gartley has an extra XA)? shall Gartley TP be more? just a question. i am still quite new in harmonics.... {image}
They are one in the same. In the Gartley pattern, the second have of it is an ABCD that is why the rules are the same.
If you fail to plan, you plan to fail.
  • #15,277
  • Jan 19, 2016 10:35am Jan 19, 2016 10:35am
Quoting danielwang
Is NZDUSD a good short? maybe not a Gartley but a valid ABCD. {image}
There is danger here. It is best to find and X that is a clear high or low. That way you know that you are not forcing a pattern into price action.
If you fail to plan, you plan to fail.
  • #15,278
  • Jan 19, 2016 10:35am Jan 19, 2016 10:35am
Quoting fxnikolaev
UC TG2 +72 pips {image}
Nice! didnt notice this pair earlier. i saw it too late.

Do you identify all these patterns manually or do you have a program to shortlist a list potential patterns for all the pairs?
  • #15,279
  • Jan 19, 2016 10:37am Jan 19, 2016 10:37am
Quoting danielwang
Hi Mr Pip, question on one more pair. USDCHF 4H chart. Is this a potential double ABCD? the big red one + the small orange one. The blue rectangle is the confluence area for extensions of both AB. it nicely confluence with the Structure High in Jan 2015. {image}
It is not uncommon to see back to back patterns and patterns within patterns in Harmonics. Just be clear what you are trading and the larger one is king.
If you fail to plan, you plan to fail.
  • #15,280
  • Jan 19, 2016 10:39am Jan 19, 2016 10:39am
Quoting Mr. Pip
{quote} They are one in the same. In the Gartley pattern, the second have of it is an ABCD that is why the rules are the same.
Mr Pips,

thanks. Ya, i understand that there is ABCD inside the Gartley. i was just thinking, then what is the value of this additional "XA" leg in Gartley compared to ABCD?
since the TP1 and TP2 are the same.

Could it be:
1. Gartley has a higher propability than ABCD for a reversal?
2. Gartley has a better gauge to set the SL since X is a significant High or Low compared to ABCD?
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