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Ratios & Harmonics: a Different Way to Trade

  • #15,401
  • Jan 23, 2016 6:55am Jan 23, 2016 6:55am
Quoting devontrader
{quote} with you all the way.We have had good chats and still need more.Mr.pips walks the walk and talks the talk...why..cos he is living proof that this works.I.once have zillions of indicators on my chart...i still have 3 or 4 onmmy mt4 doing my hurst.ButI know the best way to go is no indicators.I always wanted to trade the way mr pips does.I really value learning from.mr pips....if only i could sit next to.him and be mentored.Guys if you wanna be a succesful trader then stick.with mr pips.Ive got a way to go and i hope mr pips.and i can chat...
Thank you Jason I've been real busy lately will catch up soon.
If you fail to plan, you plan to fail.
  • #15,402
  • Jan 23, 2016 7:07am Jan 23, 2016 7:07am
Quoting Mr. Pip
{quote} Thank you Jason I've been real busy lately will catch up soon.
not a problem boss i fully respect your trading...your rules and your personal life.Hope your not getting too.much snow
  • #15,403
  • Jan 23, 2016 7:14am Jan 23, 2016 7:14am
Quoting Georji
{quote} Mr Pip, i have a suggestion and that's if you could edit your First post in this thread ( that's if Forex Factory allow such thing) and include in Bold writing your rules of engagement on this thread ie;"only what i teach is allowed and my methods only, only Price action welcomed, no bad language etc,,,," and that you won't be answering any posts if they don't comply with these rules. By doing that at least you have covered your back that any one posting on this thread should have read the first post as a minimum requirement and have to...
Hello Georji,

Thank you for the suggestion but I believe its already there. Nothing has changed look at paragraph 4 of the first post. This is about price action ratios and harmonics. That includes all aspects of harmonics. There is a big misconception that harmonics only mean Gartley, Bats, Butterfly and the others. The fact is that it includes much more. The problem is that every now and then someone comes in who has read something or taken a course and feels they have the answers to trading's greatest mysteries and that is just not the case. I want everyone to feel free to post and share their point of views. There are many ways to skin a cat. What I don't appreciate are the personal attacks from individuals that have little to no clue what they are talking about and make outrageous claims that are misleading to the younger traders that may not know better.

There is a reason why the learning curve and failure rate is so high. I'm here to shorten that for those that are willing to do what is necessary to achieve that. It take time, patience with yourself, perseverance and a work ethic that most people don't have. The majority do not put in the work and thus the 90+% failure rate. No one helped me with this I have to do it the hard way and along the way I taken many courses that have made my life easier. I'm sharing that with all of you.

I also know that I don't have all of the answer and am the first to acknowledge when I'm wrong but you don't to to someones house and try to discredit them without knowing what you are talking about. That is all I appreciate your input and look forward to seeing you post charts about anything. Indicators don't bother me I see past them I don't want any posted because they have no value to me or anything that I am teaching here.

There are great traders here and we can learn a lot from them myself included. I also learn from your experiences believe it or not. So don't be shy and post, post and post.
If you fail to plan, you plan to fail.
  • #15,404
  • Jan 23, 2016 7:18am Jan 23, 2016 7:18am
Quoting devontrader
{quote} not a problem boss i fully respect your trading...your rules and your personal life.Hope your not getting too.much snow
No way, I live in Miami it's really nice here.
If you fail to plan, you plan to fail.
  • #15,405
  • Edited 12:37pm Jan 23, 2016 12:16pm | Edited 12:37pm
Quoting Mr. Pip
{quote} By the way I have not seen any live trades from you, everything is after the fact and with the benefit of hindsight. Anyway I think I've invested enough time on this.
Mr. Pip you have to change not only first post but the title of thread to price action.
With all do respect wish you the best, hope you will get better some day!!!
  • #15,406
  • Jan 23, 2016 12:47pm Jan 23, 2016 12:47pm
Quoting fxnikolaev
Ok, fellows I am moving to another thread, it is getting everything about nothing. Mr.Pip I have a suggestion to you, if you moved to price action, make a plan, and a list of most common set ups, here is will be less mess. Here some ppl don't understand order flow, read Lance Beggs, it simply trend structure low high. I wish more ppl trade harmonics. This is my two trades from EC, this week, hourly chart, total +5,1%. Simple and really easy. All the best !!! {image}
I will explain those to trades, first trade 26 18, base on double bottom, second trend continuation, abcd, structure, 61%, rsi divergence, everything in place. Simple harmonic )))))
Hope Mr.Pip will learn it some day, in easy way ))))
  • #15,407
  • Jan 23, 2016 1:36pm Jan 23, 2016 1:36pm
I was going to ban fxnikolaev but I would like for you all to read his obnoxious post. If he post in here again he will be banned.
If you fail to plan, you plan to fail.
  • #15,408
  • Jan 23, 2016 1:51pm Jan 23, 2016 1:51pm
So don't be shy and post, post and post.

Mr Pip
i follow this thread very closely and trust me i would love to contribute but i use a system to trade which i purchased almost 5 years ago, (which will be no good for this thread), and that was before i learnt to read the charts properly, but since then i came a long way in my journey as a trader and most of it thanks to this thread and you Mr Pip, so although i'm a much better trader now, i'm still using my system which i tweked to suit my style and i spent hundreds of hours back/forward testing it until it became profitable.
if and when i get the time to trade by the rules of this thread then i won't hesitate to post my work until then posting the trading i do on my system will only create criticism and pollute the thread.
but what i can contribute is for all newbies out there that are trying to learn this trade, do yourselves a big favor and follow Mr pips teaching from A to Z and do a lot of back testing and you will soon realise that PRICE ACTION is KING.
  • #15,409
  • Jan 23, 2016 2:16pm Jan 23, 2016 2:16pm
Quoting Georji
So don't be shy and post, post and post. Mr Pip i follow this thread very closely and trust me i would love to contribute but i use a system to trade which i purchased almost 5 years ago, (which will be no good for this thread), and that was before i learnt to read the charts properly, but since then i came a long way in my journey as a trader and most of it thanks to this thread and you Mr Pip, so although i'm a much better trader now, i'm still using my system which i tweked to suit my style and i spent hundreds of hours back/forward testing it...
Thanks and I understand. I am serious though if you need or want something answered feel free to post your chart regardless of how it looks. I rather address something that could help you grow above all else.
If you fail to plan, you plan to fail.
  • #15,410
  • Jan 23, 2016 2:20pm Jan 23, 2016 2:20pm
Quoting fxnikolaev
{quote} Mr. Pip you have to change not only first post but the title of thread to price action. With all do respect wish you the best, hope you will get better some day!!!
If you fail to plan, you plan to fail.
  • #15,411
  • Jan 23, 2016 9:08pm Jan 23, 2016 9:08pm
I entered a 4hr NZD/JPY trade on friday. First, I noticed the overall orderflow was down so was my expectation. I drew a trendline to stay with the current trend. Once I saw price formed a HL that changed my expectation to the long side. I missed the first move and it close as a NSH. Price has been closing above my price zone with the last candle closing bullish, so I entered with a 62pip risk/160pips target which is a little less than my 1:1 ratio. I move it to TP at structure. I will move to BE once price reaches my 1.27ext zone which also falls into a possible reversal area. As it stands there is strong momentum in the new impulse leg so I expect it to continue to at least form a NSH into my 1.27 zone

Have a good weekend.
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Empower Your Mind
  • #15,412
  • Jan 24, 2016 2:51am Jan 24, 2016 2:51am
Someone has harmonic patterns indicator for MT4 or MT5?
  • #15,413
  • Jan 24, 2016 4:15am Jan 24, 2016 4:15am
Quoting mauyama
Someone has harmonic patterns indicator for MT4 or MT5?
yes its called your eye.brain and hand....commonly known as manual.Only way to learn ...
  • #15,414
  • Jan 24, 2016 6:17am Jan 24, 2016 6:17am
Quoting mauyama
Someone has harmonic patterns indicator for MT4 or MT5?
One day you will be grateful for the answer you just received from devontrader. Start the process from the beginning not short cuts and you will win. My recommendation for you is to start this thread from the beginning and you will find some valuable insight as you go. If you have trouble with drawing on MT4 just let me know. I'll help.
  • #15,415
  • Jan 24, 2016 4:22pm Jan 24, 2016 4:22pm
Looks messy, my first harmonic entry....please do let me know if theirs something
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  • #15,416
  • Jan 24, 2016 6:43pm Jan 24, 2016 6:43pm
Quoting vqtrader
I entered a 4hr NZD/JPY trade on friday. First, I noticed the overall orderflow was down so was my expectation. I drew a trendline to stay with the current trend. Once I saw price formed a HL that changed my expectation to the long side. I missed the first move and it close as a NSH. Price has been closing above my price zone with the last candle closing bullish, so I entered with a 62pip risk/160pips target which is a little less than my 1:1 ratio. I move it to TP at structure. I will move to BE once price reaches my 1.27ext zone which also falls...
Keep us updated thanks for sharing.
If you fail to plan, you plan to fail.
  • #15,417
  • Jan 24, 2016 6:50pm Jan 24, 2016 6:50pm
Quoting mauyama
Someone has harmonic patterns indicator for MT4 or MT5?
Hello mauyama, take the time to learn to do this manually. The benefits will far outweigh time involved to learn this. Indicators create a state of laziness that cost traders money. A trader that is in tune with what is going on in the price chart is a trader that is in control of how much money you can make. Empower yourself to invest the time to learn to read , identify and form an expectation for price to follow. Once you are able to do this this randomness and the confusion will vanish and you will know which setups you will take and which ones have a weaker chance of paying out. Take a seat grab yourself a cup of strong coffee and dig in get to work. There are no words for the payoff and the life you will be able to live.
If you fail to plan, you plan to fail.
  • #15,418
  • Jan 24, 2016 6:55pm Jan 24, 2016 6:55pm
Quoting hovedguy
Looks messy, my first harmonic entry....please do let me know if theirs something {image}
Hey hovedguy, thanks for posting. Tell me, What do you feel you have there? How did you arrive at that conclusion and why would you disregard the other clear swing within the formation you are identifying? I'm not picking on you just want to see what's on your mind before I give you my opinion.
If you fail to plan, you plan to fail.
  • #15,419
  • Jan 24, 2016 6:59pm Jan 24, 2016 6:59pm
@fxnikolaev (http://www.forexfactory.com/fxnikolaev) @mrpip

what you think about that ?
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  • #15,420
  • Jan 24, 2016 7:33pm Jan 24, 2016 7:33pm
Quoting halk
@fxnikolaev (http://www.forexfactory.com/fxnikolaev) @mrpip what you think about that ? {image}
Tell me something halk what does @fxnikolaev @mrpip mean? Tell me what patterns you feel you have there? Did you trade any of them and what is your feeling about that? I assume you are looking to go long there, why should you reconsider? Give me your thoughts and I will provide you with my expectation for this pair.
If you fail to plan, you plan to fail.
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