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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

  • #16,001
  • Feb 5, 2016 10:00am Feb 5, 2016 10:00am
Sorry I've been MIA been real busy today. I'll be back later to catch up and post.
If you fail to plan, you plan to fail.
  • #16,002
  • Feb 5, 2016 12:24pm Feb 5, 2016 12:24pm
Looks like a drop back to Market Structure which could provide Market Support for another leg up.
Attached Image (click to enlarge)
Click to Enlarge Name: 5th Feb 16 EUR:USD M15 Market Structure.png Size: 137 KB
  • #16,003
  • Feb 5, 2016 1:04pm Feb 5, 2016 1:04pm
Quoting DizzleFX
Great videos Damian. So much market clarity seems to have been made, with just those two videos. For the most part, I always set an expectation, but your videos really clarified it for me and I see exactly what I have been doing wrong. Thanks for all you do!
Welcome Dizzle
If you fail to plan, you plan to fail.
  • #16,004
  • Feb 5, 2016 1:05pm Feb 5, 2016 1:05pm
Quoting mrmalik1
Hi guys, Hope u all well I was reading MR.PIP thread from the beginning read a out 60'70 pages and directly came on the page where DAMIEN posted about NSH, LH, NSL, HL etc etc. Nice thread and a lot of useful information is held in this thread. I congrates MR.PIP on teaching very useful and effective method of trading joining the thread. One question from the all respective members of the forum. DOes any body know how to use the tick chart on mt4? Is there any special file or indicator to show the tick chart on mt4? If somebody have that please...
Sorry I don't know but if it's that important to you to practice with open a ninjatrader demo account and you will have it.
If you fail to plan, you plan to fail.
  • #16,005
  • Feb 5, 2016 1:08pm Feb 5, 2016 1:08pm
Quoting c49
Can we say in general that a correction should at the maximum be an AB = CD and if the next wave doesn't break the NSH or NSL , that we can expect at that moment a complex correction. ??
Not exactly. An AB=CD in a correction is a complex correction because the higher low or high has been broken but the main swing high or low has not. Did you understand me explanation?
If you fail to plan, you plan to fail.
  • #16,006
  • Feb 5, 2016 1:09pm Feb 5, 2016 1:09pm
Quoting Mr_Burns
{quote} Here's my take on it. Let's say you identify a main swing and expect a correction and a potential trade setup. Now if price action let you enter the trade your expectation should be for a continuation of the main swing. This is a normal structure based trade. Now if price starts to wander around within your main swing (complex correction) your expectation still stands but it's weaker. Whether you decide to exit that trade early and wait for another opportunity or let it roll out is up to you and your trading rules. I think Mr. Pip's further...
Excellent Mr. Burns!
If you fail to plan, you plan to fail.
  • #16,007
  • Feb 5, 2016 1:13pm Feb 5, 2016 1:13pm
Quoting c49
{quote} My point was how to get an expectancy before you enter the trade
Your expectation is made the moment the previous was made for example say price makes a NSH, what is your expectation? A HL right? and you also by default already should have your next one to which should be a NSH. So knowing this you task is to wait for the HL and look for opportunities to trade the NSH expectation.
If you fail to plan, you plan to fail.
  • #16,008
  • Feb 5, 2016 1:17pm Feb 5, 2016 1:17pm
Quoting paren
What i see is that - and my guess is - today we will not see NSH. It will fail. Is it correct? {image}
Hello Paren,

We don't guess we are informed traders with very clear expectations for price. So lets remove that work from our vocabulary. There is great weakness with your expectation so there is a chance it will fail. Not until that happens should you change your expectation. I will post my trade today it was only one but it was a very, very, tough and complex correction which almost took me out but expectations finally played out. Some times we have to be patient and listen to what price is telling us.
If you fail to plan, you plan to fail.
  • #16,009
  • Feb 5, 2016 1:17pm Feb 5, 2016 1:17pm
Quoting c49
{quote} We still have to expect a NSH as long as structure is not broken downwards But it is very weak offcourse ,we are in a complex correction. correct me if I am wrong.
You are correct.
If you fail to plan, you plan to fail.
  • #16,010
  • Feb 5, 2016 1:21pm Feb 5, 2016 1:21pm
Quoting jgadefelth
{quote} You mean the new video you posted ? Best regards
No it was this pic
Attached Image (click to enlarge)
Click to Enlarge Name: 6E 03-16 (15 Min) 2_4_2016.jpg Size: 88 KB
If you fail to plan, you plan to fail.
  • #16,011
  • Feb 5, 2016 1:22pm Feb 5, 2016 1:22pm
Quoting jgadefelth
{quote} Thanks. I think this is more right ? {image} Best regards
refer to the post above
If you fail to plan, you plan to fail.
  • #16,012
  • Feb 5, 2016 1:44pm Feb 5, 2016 1:44pm
Quoting Mr. Pip
{quote} refer to the post above
Yes i got help to find that post, and are my count still whrong ?

Best regards
  • #16,013
  • Feb 5, 2016 1:56pm Feb 5, 2016 1:56pm
Quoting jgadefelth
{quote} Yes i got help to find that post, and are my count still whrong ? Best regards
Yes, your labeling is still wrong price did not achieve the NSL you labeled on your chart compare the two. I am not being critical here but I'm concerned that you are questioning whether you are still wrong or not. Compare the two look at them in detail. I need you to pay attention to detail. It is an important skill that you must develop in this business or you are toast. Again don,t take it the wrong way but break out the Windex and polish the eyeballs.
If you fail to plan, you plan to fail.
  • #16,014
  • Feb 5, 2016 2:09pm Feb 5, 2016 2:09pm
Quoting Mr. Pip
{quote} Yes, your labeling is still wrong price did not achieve the NSL you labeled on your chart compare the two. I am not being critical here but I'm concerned that you are questioning whether you are still wrong or not. Compare the two look at them in detail. I need you to pay attention to detail. It is an important skill that you must develop in this business or you are toast. Again don,t take it the wrong way but break out the Windex and polish the eyeballs.
I only take it as you help me and getting it right it is what´s important. But am not sure what you mean ? I only have one NSL i marked it with a green line where it ends.


Best regards

Attached Image (click to enlarge)
Click to Enlarge Name: mrpip2.png Size: 274 KB
  • #16,015
  • Feb 5, 2016 2:09pm Feb 5, 2016 2:09pm
This was my trade today. I'm posting it because it is relevant to complex corrections and how we have to be patient sometimes.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-16 (233 Tick) 2_5_2016.jpg Size: 117 KB
If you fail to plan, you plan to fail.
  • #16,016
  • Feb 5, 2016 2:56pm Feb 5, 2016 2:56pm
Quoting jgadefelth
{quote} I only take it as you help me and getting it right it is whats important. But am not sure what you mean ? I only have one NSL i marked it with a green line where it ends. Best regards {image}
And it is wrong, it is a HL please look at the pic above in detail.
If you fail to plan, you plan to fail.
  • #16,017
  • Edited 5:04pm Feb 5, 2016 3:25pm | Edited 5:04pm
Quoting Mr. Pip
{quote} And it is wrong, it is a HL please look at the pic above in detail.

Thank You for your patience trying to teach me. I hope this is more right ? the blue area is complex correction.

Best regards


Attached Image (click to enlarge)
Click to Enlarge Name: mrpip3.png Size: 233 KB
  • #16,018
  • Feb 5, 2016 4:41pm Feb 5, 2016 4:41pm
Quoting jgadefelth
{quote} Thank You for your patience trying to teach me. I hope this is more right ? Best regards {image}
It's not that it's not significant to court but more that it did not make a NSL therefore it can only be a higher low.
If you fail to plan, you plan to fail.
  • #16,019
  • Feb 5, 2016 9:02pm Feb 5, 2016 9:02pm
Quoting Mr. Pip
{quote} Hello Paren, We don't guess we are informed traders with very clear expectations for price. So lets remove that work from our vocabulary. There is great weakness with your expectation so there is a chance it will fail. Not until that happens should you change your expectation. I will post my trade today it was only one but it was a very, very, tough and complex correction which almost took me out but expectations finally played out. Some times we have to be patient and listen to what price is telling us.
I got it. No guessing.
  • #16,020
  • Feb 5, 2016 9:15pm Feb 5, 2016 9:15pm
Great trade Damian! enjoy your weekend. looking forward to the next course
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