Ratios & Harmonics: a Different Way to Trade | Page 779 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

"Ratios & Harmonics: a Different Way to Trade." Summary 37 replies

Learning to trade with harmonics 11 replies

Time for Change - Pivots & Harmonics to freedom 67 replies

180 reasons to trade Harmonics and Patterns 13 replies

Group Trading based on Elliott wave and Harmonics 0 replies

Attachments: Ratios & Harmonics: a Different Way to Trade
Exit Attachments

Ratios & Harmonics: a Different Way to Trade

  • #15,561
  • Jan 28, 2016 5:49am Jan 28, 2016 5:49am
Move stop to next higher low, guarantee 7pips
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 36 KB
  • #15,562
  • Jan 28, 2016 5:49am Jan 28, 2016 5:49am
Quoting hovedguy
{quote} We're thinking same..lol !! from yesterday haven't hit any TP , only BE and SL {image}
Yeah dude, good luck!
  • #15,563
  • Jan 28, 2016 6:11am Jan 28, 2016 6:11am
Quoting Mr. Pip
{quote} That is not a bat. Check your ratios and tell me what is the retracment of XA, BC AND D.
Isn't it BAT?

50%, then 78.6%.
  • #15,564
  • Jan 28, 2016 6:18am Jan 28, 2016 6:18am
Same stoprun Cac40 today as yesterday in Cable.
Attached Image (click to enlarge)
Click to Enlarge Name: CAC40 5m 28jan16.png Size: 44 KB
  • #15,565
  • Jan 28, 2016 6:31am Jan 28, 2016 6:31am
Quoting lithium1
Move stop to next higher low, guarantee 7pips {image}
Stop hit, 7 pips profit.

Mr. pip, I just watched your video, if I measure the momentum going down was increasing, so I should not have taken this trade?
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 34 KB
  • #15,566
  • Jan 28, 2016 7:26am Jan 28, 2016 7:26am
Saw some beautiful harmonics and confluence on the EURUSD last night. Following a big swing up, we had some retracement that turned into a downtrend. Expectation was for that downtrend to continue. Drawing a fib (yellow) on the swing up showed the retracement hitting the 38.6% mark. Drawing a fib (orange) on the swing down, showed the retracement hitting the 50% of that move. It formed a nice tight box (blue rectangle) for price to be drawn to. I drew a red line of the smaller swing and copied it to look at harmonics... That new red line hit between the 138% fib (dark gray fib) extension of the AB leg (first red line) AND also the 78.6% retracement of the swing up (yellow fib)! Again, a nice tight box (blue rectangle) for price to be drawn to. A picture is worth a thousand words...

Here's the initial set up.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2016-01-27 at 11.20.52 PM.png Size: 178 KB


Here's the completion of the Harmonic AB=CD pattern.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2016-01-28 at 1.34.03 AM.png Size: 176 KB
Markets can remain irrational longer than you can remain solvent - JMK
  • #15,567
  • Jan 28, 2016 9:58am Jan 28, 2016 9:58am
Quoting Timwelch
Mr. Pip is absolutely right on this. I cannot tell you how many times I have been "bitten" by a failed pattern (gartley, crab, butterfly, bat, you name it) when the price was moving rapidly into the PRZ. I used to think rapid price movement toward the PRZ was what made the patterns "more" valid. I will not take those trades anymore. It's not worth the losses. :-) {quote}
Smart man!!!
If you fail to plan, you plan to fail.
  • #15,568
  • Jan 28, 2016 10:00am Jan 28, 2016 10:00am
Quoting hovedguy
AUDJPY 2min Seeing equal projection, but higher slope, went for it at 38.2%. IMO so as to achieve next resistance, it needs to travel long distance, so shouldn't retrace deep. How can I fine tune the entry point ?? {image}
I like it.
If you fail to plan, you plan to fail.
  • #15,569
  • Jan 28, 2016 10:04am Jan 28, 2016 10:04am
Quoting beepbop2015
{quote} Thanks, Mr. Pip (and Timwelch)! I will definitely keep this in mind. I have had several losses that way as well. Thankfully still only trading a micro account until I can improve my profitability, which I feel is getting closer. Mr. Pip I have a couple more questions if you don't mind. What do you think of the trade set up Scott Carney refers to as BAMM, where you get into a trade on the C-D leg once point B has been exceeded. I understand you find the aggressive C opportunities the most profitable, but do you consider BAMM trades viable...
That is in Carney's second book. I have it and read it but don't remember enough about the BAMM to answer your question. I believe if memory serves me the BAMM uses the RSI indicator but I might be wrong. I did not incorporate it into my trading and having read the book if I felt it would have provided value to my trading I would be using it.
If you fail to plan, you plan to fail.
  • #15,570
  • Jan 28, 2016 10:05am Jan 28, 2016 10:05am
Quoting beepbop2015
P.S. I'm sorry, I forgot to comment on the video when I posted before. I did find it very clear and helpful and loved the new intro! I'm sure I will be watching it again as I have watched all of your other videos multiple times and usually pick up something more on each viewing. Reading the charts accurately and making sound trading decisions are complex skills to learn, or so it seems to me, even if the process is ultimately simple. The way you have focused on specific facets in different videos helps it all come together, imo.
Thanks for the feedback!
If you fail to plan, you plan to fail.
  • #15,571
  • Jan 28, 2016 10:08am Jan 28, 2016 10:08am
Quoting lithium1
Just took this trade using orderflow, any comments? {image}
Nice work, lots of volatility. Bears came in very strong make sure you get to a break-even as soon as possible.
If you fail to plan, you plan to fail.
  • #15,572
  • Jan 28, 2016 10:09am Jan 28, 2016 10:09am
Quoting lithium1
Passed 0.382, move stop to swing low, reduce risk to 4 pips {image}
Way to protect your capital!!!
If you fail to plan, you plan to fail.
  • #15,573
  • Jan 28, 2016 10:10am Jan 28, 2016 10:10am
Quoting hovedguy
{quote} We're thinking same..lol !! from yesterday haven't hit any TP , only BE and SL {image}
Don't worry about that keep working and reading. Trade small position sizes until you get better.
If you fail to plan, you plan to fail.
  • #15,574
  • Jan 28, 2016 10:12am Jan 28, 2016 10:12am
Quoting danielwang
{quote} Isn't it BAT? 50%, then 78.6%.
I was specific with my question for a reason. Did point D reach the completion point of the BAT?
If you fail to plan, you plan to fail.
  • #15,575
  • Jan 28, 2016 10:16am Jan 28, 2016 10:16am
Quoting lithium1
{quote} Stop hit, 7 pips profit. Mr. pip, I just watched your video, if I measure the momentum going down was increasing, so I should not have taken this trade? {image}
Sorry, but cant you point out your entry on that chart and stops and targets? It would make it easier to answer your question.
If you fail to plan, you plan to fail.
  • #15,576
  • Jan 28, 2016 10:17am Jan 28, 2016 10:17am
Quoting Timwelch
Saw some beautiful harmonics and confluence on the EURUSD last night. Following a big swing up, we had some retracement that turned into a downtrend. Expectation was for that downtrend to continue. Drawing a fib (yellow) on the swing up showed the retracement hitting the 38.6% mark. Drawing a fib (orange) on the swing down, showed the retracement hitting the 50% of that move. It formed a nice tight box (blue rectangle) for price to be drawn to. I drew a red line of the smaller swing and copied it to look at harmonics... That new red line hit between...
Beautiful it's like fine art!
If you fail to plan, you plan to fail.
  • #15,577
  • Jan 28, 2016 10:35am Jan 28, 2016 10:35am
Okay Traders,

Today's expectations came in at about 90% Took only two trades today. Price moved really fast today and did not correct most of the time where I felt the R/R was favorable which had me on the sidelines most of my session watching opportunities pass me by but rules are rules. Either way finished up nicely with 53 points.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-16 (233 Tick) 1_28_2016.jpg Size: 105 KB
If you fail to plan, you plan to fail.
  • #15,578
  • Jan 28, 2016 1:00pm Jan 28, 2016 1:00pm
Good evening everybody,

Willl also be joining the thread again. Finished my bachelor in businness administration today!
So finally finished with that.

Have been rereading a couple of posts lately. So hope to be up to speed in no time.
at the moment two trades working for me on the 15 min chart.
The pink line is my entry point.
USDCAD is already on BE, because of the deep retracement. that should not have happened with the bearish strength, so a bit aggressive with that one.
Lets see how it plays out

Comments are ofcourse welcome!

Attached Image (click to enlarge)
Click to Enlarge Name: $AUDUSD (15 Min) 28-1-2016.jpg Size: 103 KB


Attached Image (click to enlarge)
Click to Enlarge Name: $USDCAD (15 Min) 28-1-2016.jpg Size: 77 KB
  • #15,579
  • Edited Jan 29, 2016 3:28am Jan 28, 2016 3:22pm | Edited Jan 29, 2016 3:28am
Quoting Mr. Pip
Hello Traders, I did not here much feedback on the video I made for you all? Was the picture quality good? Was the audio good as well? I want to make sure everything was satisfactory since I'm planning on making more. Did I do a good job explaining things out? I want to make sure I was not too technical or short and the information went over your heads. I'm a big boy I can take criticism. I helps me grow. Thanks!
Video is great,,, and as far as the intro is concerned,,, well Hollywood is your next orderflow
  • #15,580
  • Jan 28, 2016 3:28pm Jan 28, 2016 3:28pm
Quoting DeepakJ
Good evening everybody, Willl also be joining the thread again. Finished my bachelor in businness administration today! So finally finished with that. Have been rereading a couple of posts lately. So hope to be up to speed in no time. at the moment two trades working for me on the 15 min chart. The pink line is my entry point. USDCAD is already on BE, because of the deep retracement. that should not have happened with the bearish strength, so a bit aggressive with that one. Lets see how it plays out Comments are ofcourse welcome! {image} {image}...
Congrats!! Welcome back!!!
If you fail to plan, you plan to fail.
61 traders viewing now