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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

  • #15,841
  • Feb 2, 2016 5:39pm Feb 2, 2016 5:39pm
Quoting devontrader
guys please read post 15687 and 15688 mr pips has laid out the plan for the comming weeks and some are already flying ahead and branching out of topic mr pips is doing step by step so at the end of the processit will all come together. any questions,,,,about the whole method pls ask then,,other wise stick to the plan thankyou
Thank you Jason for helping out!
If you fail to plan, you plan to fail.
  • #15,842
  • Feb 2, 2016 5:40pm Feb 2, 2016 5:40pm
Quoting devontrader
Live chart taken 2145hrs uk time eurusd 15min {image}
There is no such thing as a HH next time 20 push ups.
If you fail to plan, you plan to fail.
  • #15,843
  • Feb 2, 2016 5:42pm Feb 2, 2016 5:42pm
Quoting mci
Current EURUSD and Dow30. I hope I got it right. {image} {image}
Nice work!
If you fail to plan, you plan to fail.
  • #15,844
  • Feb 2, 2016 6:01pm Feb 2, 2016 6:01pm
This is why I considered a possible expectation failure this morning in the DOW. Please remember that expectations play out more then 70% of the time so I did not take the trade and I have to have tons of reasons for going against expectations.
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If you fail to plan, you plan to fail.
  • #15,845
  • Feb 2, 2016 6:03pm Feb 2, 2016 6:03pm
Tomorrow I will start to cover how to start looking at this from a trading opportunity Keep posting your expectations and give feed back. Let me know if you understand my chart It should be pretty clear and you should understand everything I explained if you have been listening.
If you fail to plan, you plan to fail.
  • #15,846
  • Feb 2, 2016 7:36pm Feb 2, 2016 7:36pm
Quoting Bary
Great information Mr. Pip. All my trades now are in line with my expectations. I feel confident and in control. Better trade results already. Thank you! Are my thoughts correct or not really important in the overall expectations? The areas in the gray boxes should not have labels unless price breaks previous labeled swing. Basically that means after a HL or LH the next label should be NSH or NSL. Suggestion: Lets also mark the failures. It will show that we understand them as well. {image}
Lit doesn't really matter Barry it will lead you to the same place. The important thing is that you have the proper expectation and you hold price to it until is fails or a new expectation is made. I agree to label the failures so that they are easily seen. Thanks.
If you fail to plan, you plan to fail.
  • #15,847
  • Feb 2, 2016 8:55pm Feb 2, 2016 8:55pm
Quoting Mr. Pip
{quote} Looks good I can't see the close on your chart too close together and looks like a bar chart which is fine but not that close together.
Updated one. Is it correct?
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  • #15,848
  • Feb 2, 2016 10:00pm Feb 2, 2016 10:00pm
Quoting Mr. Pip
...I have to have tons of reasons for going against expectations.
Yes!!! I'm finding it a struggle within myself to follow the price flow. To follow where I EXPECT price to go. I see it. I write NSH, HL, NSL, LH on every swing... And yet, those years of trading poorly and jumping in on hopeful "reversals" for a quick pip keeps rearing its ugly head. And so I get into a trade the opposite way that I KNOW price is moving... The opposite of what my expectations show me! And then, stop loss. Stop loss... Stop loss... Oh my gosh, the struggle is real! lol But, when I stop fighting, and I just go with where I see price moving, with the expectation, I win every stinking time! lol Old habits die hard. But they will die, and I will succeed. :-) (thoughts from a raving madman...)
Markets can remain irrational longer than you can remain solvent - JMK
  • #15,849
  • Feb 2, 2016 10:16pm Feb 2, 2016 10:16pm
Quoting Mr. Pip
{quote} There is no such thing as a HH next time 20 push ups.
Booo-Yeah!
  • #15,850
  • Edited 12:19am Feb 3, 2016 12:02am | Edited 12:19am
Good Evening Mr Pip

Just have a few questions on tightening up my game and I apologize if your repeating your self.

1) Swings are calculated using the close no matter how deep the wick. Correct?

2) So labeling a NSH / NSL, the close has to be higher then the previous wick. Correct?

Hopefully, I labelled these right...... I'm expecting long term a NSH but a struggle until then

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  • #15,851
  • Feb 3, 2016 2:30am Feb 3, 2016 2:30am
Quoting Mr. Pip
{quote} You can enter stops and target after entry using limit orders just RT click on the chart and select what you want. Also please stick to the topic we are discussing please I don't want the focus to drift we will get there but we have to be patient and teach the newer guys.
sure, no problem. I'm patient. no more interference with the main topic under discussion.
  • #15,852
  • Feb 3, 2016 2:32am Feb 3, 2016 2:32am
Good morning everybody!

@Mr. Pip: I really love your magic crystal ball. The more time passes, the more secure I feel, the "harder" the probability gets that our expectations really are above 80%. That's why practice, practice, practice is so important. Thank you again for your time and your very good and understandable teachings!

Here is my today's outlook.
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  • #15,853
  • Feb 3, 2016 2:57am Feb 3, 2016 2:57am
Dow 15m now testing the old Structure zone
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  • #15,854
  • Feb 3, 2016 3:15am Feb 3, 2016 3:15am
Let's see where it goes next:

Best,
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  • #15,855
  • Feb 3, 2016 3:18am Feb 3, 2016 3:18am
Good morning everyone.

EU 15m

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Asmodai
  • #15,856
  • Feb 3, 2016 4:06am Feb 3, 2016 4:06am
Morning Traders

Eur 15 min
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  • #15,857
  • Feb 3, 2016 4:23am Feb 3, 2016 4:23am
Last two legs down were stopped by the bulls. Could we see an Expectation failure?
  • #15,858
  • Feb 3, 2016 4:27am Feb 3, 2016 4:27am
Quoting tibovwh
Last two legs down were stopped by the bulls. Could we see an Expectation failure?
that's what it looks like. but, let's wait to see.
  • #15,859
  • Feb 3, 2016 4:45am Feb 3, 2016 4:45am
Long term expectation is still for a NSL.
However those expectations are beginning to break down.
Short term expectations is now for a retest of the highs.
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  • #15,860
  • Feb 3, 2016 4:49am Feb 3, 2016 4:49am
Quoting ujku80
{quote} that's what it looks like. but, let's wait to see.
Yeah, there is lots of structure in the LH and NSH area, even on the 29th of January, so price has difficulty to break that point in the upwards direction. The bulls seem to get weaker, so I think we will see a NSL.
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