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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

  • #15,421
  • Jan 24, 2016 7:44pm Jan 24, 2016 7:44pm
Just asked opinion for both...

Im running with +61 pips that euraud, i dont know if it is one pattern, i just see good support on that green retangle, i see it respected and im buying on this place.

Quoting Mr. Pip
{quote} 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.
  • #15,422
  • Jan 24, 2016 7:47pm Jan 24, 2016 7:47pm
audnzd im running with +42 pips
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  • #15,423
  • Jan 24, 2016 8:02pm Jan 24, 2016 8:02pm
Quoting halk
Just asked opinion for both... Im running with +61 pips that euraud, i dont know if it is one pattern, i just see good support on that green retangle, i see it respected and im buying on this place. {quote}
Price is likely to find support there as you have decent structure and price has reacted nicely however, I would manage this one aggressively. Price has aggressively sold and the trend has changed. You are trading a correction in price and due to the strength that the Bears are demonstrating hear my expectation is for a weak correction and some continuation to the downside. I don't have access to charts now so I can't validate patterns that may or may not be there. Keep us update on the progress and I hope my insight helps you.
If you fail to plan, you plan to fail.
  • #15,424
  • Jan 25, 2016 2:26am Jan 25, 2016 2:26am
Im going very good, audnzd closed on TP and euraud +110 pips running and eurgbp +34 pips

Quoting Mr. Pip
{quote} Price is likely to find support there as you have decent structure and price has reacted nicely however, I would manage this one aggressively. Price has aggressively sold and the trend has changed. You are trading a correction in price and due to the strength that the Bears are demonstrating hear my expectation is for a weak correction and some continuation to the downside. I don't have access to charts now so I can't validate patterns that may or may not be there. Keep us update on the progress and I hope my insight helps you.
  • #15,425
  • Jan 25, 2016 3:14am Jan 25, 2016 3:14am
Based on what im trading, here is my results at moment:
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  • #15,426
  • Jan 25, 2016 4:01am Jan 25, 2016 4:01am
Quoting Mr. Pip
{quote} 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.
Hi Mr. Pip

Thanks for your time and effort help me out here. Appreciate it !!

I was under impression that I need to work with the highest swing high and low to define X and A point and then next extreme low would be my B point. I have not paid any attention at the middle of line AB if there's any swing high exist. Refer - http://www.forexfactory.com/showthread.php?p=6326011#post6326011

Clearly, I've misunderstood. So, the way I should see is- price should follow lines (ex - XA, AB, BC) and there shouldn't be any intermediate swing high and low in between these lines. Please do correct me if I am worng. We need to consider all these swing points (X,A,B....) in order as it happens and there shouldn't be any intermediate significant swing high or low other than those points X,A....D.

Also, pardon me if you have already discussed this in the thread, can you please point me to any post or discussion where you have discussed about how to pick these swing points (in case if I am still wrong)?

In my opinion, here's the correct way of defining X and A (may be it won't qualify any harmonic pattern, but just for the elastation's sake of swing points).

Regards
Hoved
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  • #15,427
  • Jan 25, 2016 6:09am Jan 25, 2016 6:09am
Good Morning Traders

Just took this long on Cable.

Against order flow, therefore will be managing a little aggressively.

There was support and harmonic completion at the green rectangle, had a good intention candle and then decision candle.
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  • #15,428
  • Jan 25, 2016 6:13am Jan 25, 2016 6:13am
Quoting halk
Based on what im trading, here is my results at moment: {image}
Great work.
If you fail to plan, you plan to fail.
  • #15,429
  • Jan 25, 2016 6:24am Jan 25, 2016 6:24am
stops to BE
  • #15,430
  • Jan 25, 2016 6:56am Jan 25, 2016 6:56am
Quoting hovedguy
{quote} Hi Mr. Pip Thanks for your time and effort help me out here. Appreciate it !! I was under impression that I need to work with the highest swing high and low to define X and A point and then next extreme low would be my B point. I have not paid any attention at the middle of line AB if there's any swing high exist. Refer - http://www.forexfactory.com/showthread.php?p=6326011#post6326011 Clearly, I've misunderstood. So, the way I should see is- price should follow lines (ex - XA, AB, BC) and there shouldn't be any intermediate swing...
These points are important so I'm going to make a video between today and tomorrow to address this. It's much easier then typing it out.
If you fail to plan, you plan to fail.
  • #15,431
  • Jan 25, 2016 7:13am Jan 25, 2016 7:13am
Update

Cable Trade Closed +15
  • #15,432
  • Jan 25, 2016 8:12am Jan 25, 2016 8:12am
Quoting Mr. Pip
{quote} These points are important so I'm going to make a video between today and tomorrow to address this. It's much easier then typing it out.
Thank you very much Mr. Pip.... I will be looking forward to your upcoming video !!

Realizing that I need to start from the basic, I started watching all of your videos and in https://www.youtube.com/watch?v=319oUEQTm_Y you said that main swing is "the swing relative to the current market price that have no higher high and lower low".

I have checked in the thread but not able to find out the definition of terminology used as -

1. Main swing
2. Dominant swing
3. Absolute swing
4. Anchor leg

If you could explain these, may be it will be easier to follow your videos better.
  • #15,433
  • Jan 25, 2016 8:27am Jan 25, 2016 8:27am
Looking at this trade in hindsight

My entry could of been better, I should of taken it by arrow indicated below.

It would of offered a better Risk/Reward.
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  • #15,434
  • Jan 25, 2016 10:08am Jan 25, 2016 10:08am
Hello Traders,

Only one trade for me today crappy price action range bound market. Could have been more aggressive but didn't feel the need to be and on 10 contracts it's a nice payday $1,490 here is the chart. It made me work for it.
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If you fail to plan, you plan to fail.
  • #15,435
  • Jan 25, 2016 10:20am Jan 25, 2016 10:20am
Well done D
  • #15,436
  • Jan 25, 2016 10:21am Jan 25, 2016 10:21am
Cable short with Order flow this time.
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  • #15,437
  • Jan 25, 2016 11:53am Jan 25, 2016 11:53am
How important are expectations and how often do they play out?

They are extremely important because they offer extremely accurate forecasting for the future path of price. If you knew where price was likely to go into the future, would that have great value to you? Would that potentially help you filter some of your trades? I want to know your points of view on this. This type of analysis alone can make you a huge return. Get acquainted with structure analysis.

The chart below is of today's DOW E-Mini Futures the one I traded today. I identified a low starting point and a high from which to go from the count began when an expectation could be made. The triangle represents the first expectation. In all there were 18 expectations from price and only 4 failed identified by the spheres this produced 14 expectations that did play out that is 78% accuracy in this case. This means that I knew what price was suppose to do with an accuracy of 78%. How powerful do you think knowing this is? In what way would this impact your decision making?
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If you fail to plan, you plan to fail.
  • #15,438
  • Jan 25, 2016 12:08pm Jan 25, 2016 12:08pm
I extended it further to really make a point I included 26 of which 5 failed identified in the same manner as in the previous post. The accuracy went up to 80%. Here is the chart. I want feedback. If this isn't a part of your analysis or if you are ignoring this then you are at the very least trading and an 80 disadvantage. Am I making my point clearly?
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If you fail to plan, you plan to fail.
  • #15,439
  • Jan 25, 2016 1:16pm Jan 25, 2016 1:16pm
Quoting Mr. Pip
Hello Traders, Only one trade for me today crappy price action range bound market. Could have been more aggressive but didn't feel the need to be and on 10 contracts it's a nice payday $1,490 here is the chart. It made me work for it. {image}
Hello Mr Pip

Why did you enter long at that point when the expectation was for the price to create a LH and than go lower towards the support zone?
  • #15,440
  • Jan 25, 2016 2:09pm Jan 25, 2016 2:09pm
Quoting Georji
{quote} Hello Mr Pip Why did you enter long at that point when the expectation was for the price to create a LH and than go lower towards the support zone?
I explained things out on the chart attached. Let me know if it's clear enough and if you understand.
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If you fail to plan, you plan to fail.
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