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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

  • #15,701
  • Jan 31, 2016 11:26pm Jan 31, 2016 11:26pm
Eur/Usd M15
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  • #15,702
  • Feb 1, 2016 12:49am Feb 1, 2016 12:49am
hello mr pip,
I think your video is really great and I had not have any troubles regarding your microphones it works ok for me and thanks for the video.Here is my input from what have I learnt.
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  • #15,703
  • Edited 3:06am Feb 1, 2016 2:44am | Edited 3:06am
Euro 15 min
How would you count that railroadtrack , probably caused by a news event (would you skip it?) , not that it matters not much in the overall picture
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  • #15,704
  • Feb 1, 2016 4:31am Feb 1, 2016 4:31am
Goodmorning everybody,

Great video Mr. Pip.
Here is my input. White= longer term structure. brown = short term structure.
it is my working chart so there are some supply and demand areas drawn.

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  • #15,705
  • Edited 6:12am Feb 1, 2016 4:58am | Edited 6:12am
Hello Mr. Pip

Great informative video. Practicing and practicing.....

EDIT: Could you tell me among the 2 charts which one is correct, cause each of them are giving opposite current expectations.

Or it doesn't matter as we will end up at the end of bigger wave as same expectation? Hope I am clear

To sum it up, will you draw LH in bullish expectation and HL in bearish?
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  • #15,706
  • Feb 1, 2016 5:03am Feb 1, 2016 5:03am
Hi,

Video was clear, some buzzing noise but nothing too distracting. Content solid!

A question regarding NSH/NSL:
NSH = close above previous nsh wick and vice versa for NSL?!
For example if price close above previous NSH close but not above previous NSH wick, do you consider that a retest?

Tried to keep it simple with focus on clear swings.
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Cheers!
Rise and rise again until lambs become lions
  • #15,707
  • Edited 5:53am Feb 1, 2016 5:33am | Edited 5:53am
Hello and big Thank you Mr. Pip for giving out so much value for free. You are an awesome teacher, very gifted because you can explain complex things in a very calm, simple and broken down manner. The video is very good and understandable and I like your editing style. So once again thank you for all you have done and the time (and money) that you are investing in us.

Here is my home work.

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  • #15,708
  • Feb 1, 2016 6:01am Feb 1, 2016 6:01am
Gosh, all this while I thought labeling these NSH, NSL was "orderflow", lucky you restarted your teaching all over again. Thanks Damian. Here is my homework.

Question regarding the DOW, for day trading, you don't use 15min candles for structure analysis right? May need to use 5mins or even 1 min?
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  • #15,709
  • Feb 1, 2016 6:02am Feb 1, 2016 6:02am
Quoting skyway
The one thing about this is that we need to know if the price when it rise to the last nsh, will it be a nsh or a lh ? The problem is we only know this after the price break the last nsh for a nsh or fail to break the last nsh to give a lh. The common denominator is AFTER. We need to know right now not after to make the trade. If anyone has any pointers to this I will be all ears ? {quote} Can you share more details about this 'the median and the tipping points/levels' ?
Mr Pip did say the order flow video will make the issues you mention here clearer
Never said I was Batman,all I'm saying is you'll never see us together.
  • #15,710
  • Feb 1, 2016 6:15am Feb 1, 2016 6:15am
Quoting genghistar
Ok if you are uncomfortable by my comments I will retract what I have commented.. Good luck and good-bye. GS.
Not uncomfortable at all my friend, I'm just trying to understand what you mean. If you can explain it in a different way then perhaps I can understand and address it. But in my hands and now that others have had an opprotunity to upload their work it's quite solid. I am having difficulty seeing what you mean. Can you post a chart with your example showing your results being 50/50 or 60/40 at best. I'm confused.
If you fail to plan, you plan to fail.
  • #15,711
  • Feb 1, 2016 6:31am Feb 1, 2016 6:31am
Quoting skyway
The one thing about this is that we need to know if the price when it rise to the last nsh, will it be a nsh or a lh ? The problem is we only know this after the price break the last nsh for a nsh or fail to break the last nsh to give a lh. The common denominator is AFTER. We need to know right now not after to make the trade. If anyone has any pointers to this I will be all ears ? {quote} Can you share more details about this 'the median and the tipping points/levels' ?
Hello Skyway remember we must first learn to walk before we run. I'm giving you a way to look at price moving forward to a place that it has not been and to have an expectation that price will go where you expect with greater then 70% probability. Sometime its in the high 80% now you don't have to wait till after the fact. I never do. The point here is that we will make it better as the training continues.

Just keep in mind that you are now able to forecast the future path of price with at least a 70% efficiency. How powerful is that? How many market professional do you think can do the same? How much value does this bring to your trading style. Trading against these expectations puts you at minimum getting losing trades about 70% of the time.

I never said it was one lesson and good luck but be patient take the time to process and master.
If you fail to plan, you plan to fail.
  • #15,712
  • Feb 1, 2016 6:41am Feb 1, 2016 6:41am
Quoting beepbop2015
Great video, Mr. Pip! Thanks for sharing it as ever. So what I am getting from this is basically that we are looking for a pattern of HHs and HLs or else LHs and LLs to determine whether we are in an uptrend or a downtrend. Once the direction of price is thus determined, it is expected to continue *until* the high or low of the swing we are working with is taken out in the opposite direction. Once this occurs, there is an expectation of a change in trend, with LHs and LLs (if the prior trend was bullish) to follow. I don't have access to the computer...
We need to use the correct terminology the proper term is NSH not HH and NSL for LL lets clean that up. We are not looking for patterns we just want to develop an expectation for where price should go next. If we have that and that plays out over 70% then it would be safe to say that it would be wise to find trading opportunities in that direction.
If you fail to plan, you plan to fail.
  • #15,713
  • Feb 1, 2016 6:41am Feb 1, 2016 6:41am
Quoting Mr_Burns
Hi, Video was clear, some buzzing noise but nothing too distracting. Content solid! A question regarding NSH/NSL: NSH = close above previous nsh wick and vice versa for NSL?! For example if price close above previous NSH close but not above previous NSH wick, do you consider that a retest? Tried to keep it simple with focus on clear swings. {image} Cheers!
The answer lies in the video, frame- 04:55
  • #15,714
  • Feb 1, 2016 6:50am Feb 1, 2016 6:50am
Quoting AlexC
Eur/Usd M15 {image}
Alex Nice work keep practicing you made a couple of small errors but it wasn't a big deal.
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If you fail to plan, you plan to fail.
  • #15,715
  • Feb 1, 2016 6:53am Feb 1, 2016 6:53am
Quoting lossertrader
hello mr pip, I think your video is really great and I had not have any troubles regarding your microphones it works ok for me and thanks for the video.Here is my input from what have I learnt. {image}
Well done as it stands 91% only one failed. Practice some more get intimate with the swings and the expectations.
If you fail to plan, you plan to fail.
  • #15,716
  • Feb 1, 2016 6:59am Feb 1, 2016 6:59am
Quoting c49
Euro 15 min How would you count that railroadtrack , probably caused by a news event (would you skip it?) , not that it matters not much in the overall picture {image}
I would have counted it just as you did your expectations played out 86% of the time. Are we starting to see the tremendous power this adds to your trading. I've just given everyone here a crystal ball that sees the future path of price. Is the randomness of the market starting to disappear yet?
If you fail to plan, you plan to fail.
  • #15,717
  • Feb 1, 2016 7:01am Feb 1, 2016 7:01am
Quoting Mr. Pip
{quote} Hello Skyway remember we must first learn to walk before we run. I'm giving you a way to look at price moving forward to a place that it has not been and to have an expectation that price will go where you expect with greater then 70% probability. Sometime its in the high 80% now you don't have to wait till after the fact. I never do. The point here is that we will make it better as the training continues. Just keep in mind that you are now able to forecast the future path of price with at least a 70% efficiency. How powerful is that? How...
Hi Mr.Pip, thanks for the video and the reply. Guess I have to wait for your future video pertaining to the specific matter I asked. Seems like someone mentioned orderflow....
  • #15,718
  • Feb 1, 2016 7:01am Feb 1, 2016 7:01am
Quoting DeepakJ
Goodmorning everybody, Great video Mr. Pip. Here is my input. White= longer term structure. brown = short term structure. it is my working chart so there are some supply and demand areas drawn. {image}
Excellent work!! 100% of your expectations played out.
If you fail to plan, you plan to fail.
  • #15,719
  • Feb 1, 2016 7:08am Feb 1, 2016 7:08am
Quoting hovedguy
Hello Mr. Pip Great informative video. Practicing and practicing..... EDIT: Could you tell me among the 2 charts which one is correct, cause each of them are giving opposite current expectations. Or it doesn't matter as we will end up at the end of bigger wave as same expectation? Hope I am clear To sum it up, will you draw LH in bullish expectation and HL in bearish? {image} {image}
Your first chart is much better. On the second chart you disregarded important swing. Sometimes it gets a bit trick bu sooner or later price always tells you where it want to go. Label it as you see it then take a step back and ask yourself what does this mean to my current expectation? Has something changed? Your answer should be clear and so should your course of action. We will get to that soon. Just keep labeling.
If you fail to plan, you plan to fail.
  • #15,720
  • Feb 1, 2016 7:13am Feb 1, 2016 7:13am
Quoting Mr_Burns
Hi, Video was clear, some buzzing noise but nothing too distracting. Content solid! A question regarding NSH/NSL: NSH = close above previous nsh wick and vice versa for NSL?! For example if price close above previous NSH close but not above previous NSH wick, do you consider that a retest? Tried to keep it simple with focus on clear swings. {image} Cheers!
Very nice chart! The tails in this type of analysis are not important it's the close that matters. What id price achieve? What it achieved is where it closed if it was higher then it was a NSH if lower a NSL. We go from close to close.
If you fail to plan, you plan to fail.
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