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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

  • #15,601
  • Jan 29, 2016 6:51am Jan 29, 2016 6:51am
Quoting c49
Thanks to Mr. Pip , this is one of the few threads that shows you how the market really works , if you tell people well you only have to know AB = CD and by that you can be succesful in the market . The answer mostly is "that guy is crazy doesn't understand that you have to use Macd , stoch , rsi and so on to be succesful. TRUTH is those indicators will make you lose money and you will never understand why or how the markets work. Thanks again to Mr, Pip for giving his time and devotion to this thread.
You are quite welcome. The fact is the vast majority of traders out there do understand price action. They believe price action trading is candle stick patterns dojis, morning star, pin bars and bla bla bla. They also believe the market is random. Boy, seems like these guys are more gambling then trading.

I will teach everyone the true market and how to trade at a level that most don't believe is possible. They only believe that because they have no idea that the chart can be read like a book and can be foretasted accurately.
If you fail to plan, you plan to fail.
  • #15,602
  • Jan 29, 2016 6:54am Jan 29, 2016 6:54am
Quoting hovedguy
Hi All Can somebody please confirm if the basic rules I'm getting right at? Obviously, along with this, we need to apply projection, momentum and depth. Thanks in advance !! {image}
You are on the right tract. I'm going to make a video of this topic sometime today or tomorrow so that you all can have something that you can visit and revisit.
If you fail to plan, you plan to fail.
  • #15,603
  • Jan 29, 2016 7:30am Jan 29, 2016 7:30am
I want to run something by you all. Jason Devontrader and I spook through Skype and he had a suggestion that I feel is a good idea and makes sense. I would like you feedback on this.

Part of the challenges of the thread is that the valuable information is scattered throughout hundreds of pages and difficult to get to. Also there is a gap in experience levels here that sometimes the newer people are lost and start trying to trade these advance formations without knowing how to read the chart or how to even qualify a setup. This is a problem because they don't have the proper instruction but want to jump out of the plane anyway. This causes losses and feelings that what is presented here is crap and move on someplace else only to find an even larger pile of crap. Most people are lazy and will not invest the time to read through all of the valuable contributions that have been made here by so many traders.

So Devontrader's suggestion is for all of us to take a step back and for me to make videos on Structure Analysis, Order Flow, Analysis, Bar by Bar, more of a step by step of my process. This would those that are not totally clear get it and bring the newer traders up to speed quicker. The goal close the gap and bring everyone up to speed as quickly as possible. I'm all for it.

I would ask the more experienced traders here to be patient and to post relevant content on the lesson of the week. This will allow the newer or less experienced trader to focus on the lesson and now the patterns or anything else. We will get to the patterns and all the juicy stuff but if we can't read a chart with accuracy the juicy stuff becomes a rotten silk shake.

I am thinking weekly lessons:

Week 1: Video on Structure Analysi and Expectations, on Monday and the rest of the week to post charts and discussions on the topic and to practice.

Week 2: Video on Order Flow and Expectations, on Monday and the rest of the week to post charts and discussions on the topic and to practice.

Week 3: Video on Bar by Bar and Expectations, on Monday and the rest of the week to post charts and discussions on the topic and to practice.

Week 4: Video on Market Harmonics, on Monday and the rest of the week to post charts and discussions on the topic and to practice.

Week 5: Video on putting all together, on Monday and the rest of the week to post charts and discussions on the topic and to practice.

One lesson will build on the last and from week 1 on the lesson of Structure Analysis alone you will already see a huge turning point and be able to identify and take profitable trading opportunities.

What are your thoughts?
If you fail to plan, you plan to fail.
  • #15,604
  • Jan 29, 2016 7:36am Jan 29, 2016 7:36am
I think that's great Mr. Pips, thanks in advance!
  • #15,605
  • Jan 29, 2016 7:39am Jan 29, 2016 7:39am
Hello Mr pip,
It is really great to see that you are willing to help new traders like me and your idea is awesome looking forward to learn from you.By the way any thoughts about this pattern is it valid? Thanks in advance.
Attached Image (click to enlarge)
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  • #15,606
  • Jan 29, 2016 7:43am Jan 29, 2016 7:43am
Good Idea Mr.Pip ,
I was already wondering if I should continue with My postings , because they are not fully according to your teachings.
I think that most of the traders in here are too focused on these complex patterns
  • #15,607
  • Jan 29, 2016 7:45am Jan 29, 2016 7:45am
Quoting lossertrader
Hello Mr pip, It is really great to see that you are willing to help new traders like me and your idea is awesome looking forward to learn from you.By the way any thoughts about this pattern is it valid? Thanks in advance. {image}
In order for me to help you best, I need for you to build your case. Tell me what you feel you have there and why? Giving you the answer doesn't help you. I want to see the work.
If you fail to plan, you plan to fail.
  • #15,608
  • Jan 29, 2016 7:47am Jan 29, 2016 7:47am
Quoting c49
Good Idea Mr.Pip , I was already wondering if I should continue with My postings , because they are not fully according to your teachings.
I believe they are relevant and I enjoy them
If you fail to plan, you plan to fail.
  • #15,609
  • Jan 29, 2016 7:52am Jan 29, 2016 7:52am
Great idea a weekly video on a single subject and a discussion.

One thing: do you always take the same risk? Not just a risk:reward, but sometimes you will be more convinced that the market goes to a certain level. I know this is part of everyone's personal money management and its risk rules.

lastly, the two videos are great!
  • #15,610
  • Jan 29, 2016 7:57am Jan 29, 2016 7:57am
Quoting lossertrader
Hello Mr pip, It is really great to see that you are willing to help new traders like me and your idea is awesome looking forward to learn from you.By the way any thoughts about this pattern is it valid? Thanks in advance. {image}
Isn't this much easier to process? Find the simplicity in your approach. Not everything has to be complex. AUD Futures Chart is the same
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If you fail to plan, you plan to fail.
  • #15,611
  • Jan 29, 2016 8:02am Jan 29, 2016 8:02am
Quoting Mr. Pip
Okay Traders, Here is the video on the Bat Pattern, as always please comment and post your questions. https://youtu.be/2iNMxabQj_s
Hi Mr Pip,

Thanks for sharing the video on BAT.
  • #15,612
  • Jan 29, 2016 8:03am Jan 29, 2016 8:03am
Quoting sanderov
Great idea a weekly video on a single subject and a discussion. One thing: do you always take the same risk? Not just a risk:reward, but sometimes you will be more convinced that the market goes to a certain level. I know this is part of everyone's personal money management and its risk rules. lastly, the two videos are great!
Not I don't always take the same risk but I never risk more then my potential reward. Thanks for your comments on the videos they help me improve.
If you fail to plan, you plan to fail.
  • #15,613
  • Jan 29, 2016 8:05am Jan 29, 2016 8:05am
Dear Mr Pip and Traders,

USDCHF has formed the bearish Gartley now. However, the last candle is a strong bullish one. how do you handle this?

Start to build positions from small amount or wait for PA?
Attached Image (click to enlarge)
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  • #15,614
  • Jan 29, 2016 8:10am Jan 29, 2016 8:10am
Quoting Mr. Pip
{quote} Isn't this much easier to process? Find the simplicity in your approach. Not everything has to be complex. AUD Futures Chart is the same {image}
thanks for the insights of this yeah I have seen that.I have taken a trade but having troubles with the target where should be the target of the trade??
Attached Image (click to enlarge)
Click to Enlarge Name: [AUDUSD,H4].png Size: 37 KB
  • #15,615
  • Jan 29, 2016 8:12am Jan 29, 2016 8:12am
Quote
What are your thoughts?

Sounds fabulous! What a great learning opportunity that would be. Perhaps a video/week focusing specifically on trade management could be helpful as well.
  • #15,616
  • Jan 29, 2016 8:17am Jan 29, 2016 8:17am
Great to hear Mr. Pip, that you are willing to start from the basics again!
Im all for it. But will you also be covering trade management ?
  • #15,617
  • Jan 29, 2016 8:21am Jan 29, 2016 8:21am
Quoting danielwang
{quote} Hi Mr Pip, Thanks for sharing the video on BAT.
You bet!
If you fail to plan, you plan to fail.
  • #15,618
  • Jan 29, 2016 8:25am Jan 29, 2016 8:25am
Quoting danielwang
Dear Mr Pip and Traders, USDCHF has formed the bearish Gartley now. However, the last candle is a strong bullish one. how do you handle this? Start to build positions from small amount or wait for PA? {image}
Never add to a losing trade. This is a golden rule! You are in it so manage your trade you have your stop in place. What do your rule tell you to do? I hope you are not trading on hope and have a set of rule that guide you.
If you fail to plan, you plan to fail.
  • #15,619
  • Jan 29, 2016 8:26am Jan 29, 2016 8:26am
Quoting lossertrader
{quote} thanks for the insights of this yeah I have seen that.I have taken a trade but having troubles with the target where should be the target of the trade?? {image}
38% of the whole thing BE and profit at the 61.8 like in the Bat video I made yesterday.
If you fail to plan, you plan to fail.
  • #15,620
  • Jan 29, 2016 8:26am Jan 29, 2016 8:26am
Quoting beepbop2015
{quote} Sounds fabulous! What a great learning opportunity that would be. Perhaps a video/week focusing specifically on trade management could be helpful as well.
Yes trade management as well. Forgot to mention that.
If you fail to plan, you plan to fail.
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