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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

  • #15,661
  • Jan 30, 2016 11:00am Jan 30, 2016 11:00am
Quoting Mr. Pip
Hello Traders, Been having issues with my recording software. Very frustrating had to step away and get some fresh air after recording the video it failed to render and I lost the recording. I will to my best to get to the bottom of the issue and re record the video. My goal is to still get this up Monday morning.
computers!!!! I love em and I hate em

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  • #15,662
  • Jan 30, 2016 11:04am Jan 30, 2016 11:04am
Quoting danielwang
{quote} yes. it is a real account. i set it as the most min lot size now. My stop loss is actually above X, it is at 1.03339 (the red line above X). true that the stop loss is too huge. but in terms of RR, it should be the same for lower time frame
No it is not your patterns on the smaller time frames would be smaller and so would your risk and reward but the small account will thank you.
If you fail to plan, you plan to fail.
  • #15,663
  • Jan 30, 2016 11:16am Jan 30, 2016 11:16am
Quoting Bary
{quote} Thanks to Devontrader for suggesting the idea. Special thanks to Mr. Pip for agreeing to do it.!!!! I hope everyone understands the amount of time and effort Mr. Pip is putting into this thread and the 5 week training process. It takes alot time out of his day to keep up with the thread, make all the videos and be a full time trader, husband and father. I've been trading along time, paid lots of money for systems, seminars, trading rooms etc. Nothing compares to what Mr Pip is about to share with us. This is "PRICELIST" information/training...
Thank you Barry for your kind words. It is a huge task like you point out and I truly hope to achieve my goal. I want everyone to have access to this and to become better traders.
If you fail to plan, you plan to fail.
  • #15,664
  • Jan 30, 2016 11:21am Jan 30, 2016 11:21am
Hello Mr Pip. someone on trading view posted this bullish bat pattern that formed on the AUDCAD 1Hr chart yesterday. i decided to apply some of the the things i have learn from you so far. The pattern looked valid on the 1 Hr Time frame so i decided to zoom out to the daily charts and found two harmonic moves, one withing another both terminating at structure. Based of my Daily time frame analysis, my expectation is for price to move lower, so i'm looking at that pattern as a low probability trade. would appreciate your thoughts on this. Thanks
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As a man thinketh in his heart, so is he.
  • #15,665
  • Jan 30, 2016 11:22am Jan 30, 2016 11:22am
Quoting beepbop2015
Exciting! What time frame EUR/USD chart will we be focusing on? Or will we be using tick charts?
I will give all those details tomorrow in a post. Stay tuned.
If you fail to plan, you plan to fail.
  • #15,666
  • Jan 30, 2016 11:29am Jan 30, 2016 11:29am
Quoting Mack2013
{quote} A: 8 / V:10 Length was perfect on the subject and your explanation was clear. Good format, as traders can use this forum for Q and A.
Thanks Mack!
If you fail to plan, you plan to fail.
  • #15,667
  • Jan 30, 2016 11:32am Jan 30, 2016 11:32am
Quoting Mack2013
{quote} computers!!!! I love em and I hate em {image}
Very funny I felt like that today that's why I had to go get some air
If you fail to plan, you plan to fail.
  • #15,668
  • Jan 30, 2016 12:05pm Jan 30, 2016 12:05pm
Before we lock this down to the subject matter next week. What brokers do you all use, and why? I'm currently with Tallinex. I was with FinFX (they were amazing), but they kicked me out Jan 1 of last year because I'm a US citizen and the US decided to ban that broker or some such. Anyways, I've used Oanda before finding FinFx, but always got killed with their random spread spikes throughout the day. Are there any really good US brokers that won't be prone to the spread spikes?
Markets can remain irrational longer than you can remain solvent - JMK
  • #15,669
  • Jan 30, 2016 12:06pm Jan 30, 2016 12:06pm
Quoting yemionline
Hello Mr Pip. someone on trading view posted this bullish bat pattern that formed on the AUDCAD 1Hr chart yesterday. i decided to apply some of the the things i have learn from you so far. The pattern looked valid on the 1 Hr Time frame so i decided to zoom out to the daily charts and found two harmonic moves, one withing another both terminating at structure. Based of my Daily time frame analysis, my expectation is for price to move lower, so i'm looking at that pattern as a low probability trade. would appreciate your thoughts on this. Thanks...
You are comparing apples to oranges those are two totally different types of order flow. The expectations are also completely different. This pattern can work and achieve its profit target and still not change what happens on the daily.

That pattern is relevant to the 1H time frame and its expectations are consistent with that order flow. There is no value in fact it's pointless to go up in timeframe to see anything. If anything drop down in time frames only to pin point a better enterance. Do you understand my point?
If you fail to plan, you plan to fail.
  • #15,670
  • Jan 30, 2016 12:08pm Jan 30, 2016 12:08pm
@yemionline: Although the pattern occurs in bullish branch (consolodation), the main direction is still bearish. The bearish moves within the "bullish branch" are also very pronounced (big candles). Hence, I would not trade. I would look for short opportunities.

Feedback on my personal opinion are welcomed.
  • #15,671
  • Jan 30, 2016 12:09pm Jan 30, 2016 12:09pm
Quoting Timwelch
Before we lock this down to the subject matter next week. What brokers do you all use, and why? I'm currently with Tallinex. I was with FinFX (they were amazing), but they kicked me out Jan 1 of last year because I'm a US citizen and the US decided to ban that broker or some such. Anyways, I've used Oanda before finding FinFx, but always got killed with their random spread spikes throughout the day. Are there any really good US brokers that won't be prone to the spread spikes?
Those games they play is why I moved to the futures market. No more games at my expense. Cheaper trading too.
If you fail to plan, you plan to fail.
  • #15,672
  • Jan 30, 2016 12:13pm Jan 30, 2016 12:13pm
Quoting evocpr19
@yemionline: Although the pattern occurs in bullish branch (consolodation), the main direction is still bearish. The bearish moves are also very pronounced (big candles). Hence, I would not trade. I would look for short opportunities. Feedback on my personal opinion are welcomed.
I don't disagree with you. This pattern however could still achieve its profit target and still conform to the order flow and expectations of the 1H. I agree that the Bears look like they are pretty pissed off.
If you fail to plan, you plan to fail.
  • #15,673
  • Jan 30, 2016 12:42pm Jan 30, 2016 12:42pm
I would expect at best a TP at fibo level 0.5. Future will tell us (I only write it for training purpose). It helps also me to get more confidence in my "perception of the market", once I know if I was right or wrong with my opinion
It would be nice if yemionline could give later on feedback on how it went.
  • #15,674
  • Jan 30, 2016 2:53pm Jan 30, 2016 2:53pm
Quoting Mr. Pip
{quote} You are comparing apples to oranges those are two totally different types of order flow. The expectations are also completely different. This pattern can work and achieve its profit target and still not change what happens on the daily. That pattern is relevant to the 1H time frame and its expectations are consistent with that order flow. There is no value in fact it's pointless to go up in timeframe to see anything. If anything drop down in time frames only to pin point a better enterance. Do you understand my point?
Yes, I Get your point. Forgive my Ignorance. Order flow is still one topic i'm yet to fully grab, but i believe with your help i'm going to master it. Thanks
As a man thinketh in his heart, so is he.
  • #15,675
  • Jan 30, 2016 3:00pm Jan 30, 2016 3:00pm
Quoting yemionline
{quote} Yes, I Get your point. Forgive my Ignorance. Order flow is still one topic i'm yet to fully grab, but i believe with your help i'm going to master it. Thanks
Not to worry it will become clearer in the weeks to come. It is not ignorant at all. Many traders seek correlation between time frames when there is none.
If you fail to plan, you plan to fail.
  • #15,676
  • Jan 30, 2016 3:33pm Jan 30, 2016 3:33pm
Hi Damien,

Feedback from the last Bat video,

Things that I learned,
1. The right ratios to verify a BAT
2. Use harmonics and AB=CD to find confluence at PRZ
3. Importance of symmetry, this one maybe can be explained better with time fibo? Or in the momentum of the larger swings?
4. Importance of trading time, because this bat failed eventhough everything is perfect, but you made the right decision not to trade it because it's end of the active time period.

Audio and your tone of voice was perfect, very nice and clear
  • #15,677
  • Jan 30, 2016 4:41pm Jan 30, 2016 4:41pm
Quoting lithium1
Hi Damien, Feedback from the last Bat video, Things that I learned, 1. The right ratios to verify a BAT 2. Use harmonics and AB=CD to find confluence at PRZ 3. Importance of symmetry, this one maybe can be explained better with time fibo? Or in the momentum of the larger swings? 4. Importance of trading time, because this bat failed eventhough everything is perfect, but you made the right decision not to trade it because it's end of the active time period. Audio and your tone of voice was perfect, very nice and clear
If you fail to plan, you plan to fail.
  • #15,678
  • Jan 30, 2016 4:44pm Jan 30, 2016 4:44pm
I just finished the video for lesson 1 Structure Analysis I made two mistakes but I labeled them in the video so that I would not have to record it again. Like I said I will post the details and the rules for the course tomorrow so that everyone can have time to review them, I also think now as I'm typing that time zones differences may be huge so I guess I will release the video tomorrow night which would be Sunday for me and Monday morning for some of you on the flip side.
If you fail to plan, you plan to fail.
  • #15,679
  • Jan 30, 2016 4:51pm Jan 30, 2016 4:51pm
Spread the word to your FOREX Factory friends and anyone else this will be the first time something like this has been done and free. The information is priceless and so is my time. This is for you and will make me the most hated trader by the people that sell junk systems out there. Remember that 90% of what you will buy or read is junk. This is the real goods take advantage of this once in a lifetime opportunity.

Come Monday I want to see this place flooded come one come all. The rules will be strict and the haters will be dealt with.
If you fail to plan, you plan to fail.
  • #15,680
  • Jan 30, 2016 6:01pm Jan 30, 2016 6:01pm
Nice of you to do this Mr. Pip.
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