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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

  • #16,181
  • Feb 9, 2016 7:50am Feb 9, 2016 7:50am
Quoting Mr. Pip
{quote} Hello GnG, Next time please write you questions in the post. It makes it easier on me to address them but here we go. Fluctuations in momentum are consistent with a weakening. Don't drive youself crazy with stronger or weaker instead ask yourself "What does this mean?". Your answer should be the expectation should be decrease projection on the expectation. That was not the first projection as price had already made a NSH and the second one achieved less projection. You could have assessed them in your analysis. Your expectation for the market...
Thank you for your answer ,step by step things are getting more and more clear.

I would like though (maybe in a future video) to cover a little more the ''complex correction'' thing.. is something like false break out??don t know

by the way as ujku80 said you are a very good teacher
learn more , earn more
  • #16,182
  • Feb 9, 2016 7:52am Feb 9, 2016 7:52am
Quoting Mr. Pip
{quote} Weakness means your expectations are weakening and you need to be more selective with trading opportunities or manage you trades more aggressively. I don't place more importance on one vs another 3 out of 3, great we are strong, 2 out of 3 ok starting to weaken slightly this is where we will start to see some fluctuation in projection, momentum and depth. 1 out of 3 strong weakness this move will move move much farther. Does this help?
Yea clear, thanks !! Also, new learning today form this (http://www.forexfactory.com/showthread.php?p=8742204#post8742204)that we should check the correction momentum too.
  • #16,183
  • Feb 9, 2016 7:53am Feb 9, 2016 7:53am
We are really picking up Order Flow analysis better then I thought. Great job to all that have put in the time! Please let me know how this is changing the way you trade and how the charts appear to you now? Are you ever going back to indicators? I want to know?

I'm going to get some breakfast and get to my favorite part of my day, trading! I'll be back later on today to catch up and post.
If you fail to plan, you plan to fail.
  • #16,184
  • Feb 9, 2016 7:54am Feb 9, 2016 7:54am
Quoting hovedguy
{quote} Yea clear, thanks !! Also, new learning today form this (http://www.forexfactory.com/showthread.php?p=8742204#post8742204)that we should check the correction momentum too.
If the information is there exploit it and use it to your advantage.
If you fail to plan, you plan to fail.
  • #16,185
  • Feb 9, 2016 8:16am Feb 9, 2016 8:16am
Quoting Mr. Pip
We are really picking up Order Flow analysis better then I thought. Great job to all that have put in the time! Please let me know how this is changing the way you trade and how the charts appear to you now? Are you ever going back to indicators? I want to know? I'm going to get some breakfast and get to my favorite part of my day, trading! I'll be back later on today to catch up and post.
Attached Image
learn more , earn more
  • #16,186
  • Feb 9, 2016 8:20am Feb 9, 2016 8:20am
Quoting GnG
{quote} {image}
If you fail to plan, you plan to fail.
  • #16,187
  • Feb 9, 2016 8:49am Feb 9, 2016 8:49am
Dear Mr. Pips,

thank you for your answer in post 16,169.

With regards to your question, I find it very usefull to trade in "flow" and therefore to identify right entry points,....
But even if my area of confluence was rightly identified, the timing was wrong. One day later, it came exactly to that point, hhhrrrr.

But ok, it is not precise math (to the point).
Please keep on doing it.
  • #16,188
  • Feb 9, 2016 8:58am Feb 9, 2016 8:58am
Quoting GnG
{quote} {image}
Lol
  • #16,189
  • Feb 9, 2016 9:14am Feb 9, 2016 9:14am
Quoting evocpr19
Dear Mr. Pips, thank you for your answer in post 16,169. With regards to your question, I find it very usefull to trade in "flow" and therefore to identify right entry points,.... But even if my area of confluence was rightly identified, the timing was wrong. One day later, it came exactly to that point, hhhrrrr. But ok, it is not precise math (to the point). Please keep on doing it.
The next lesson addresses that issue and helps you time your entrance. Bar by Bar Analysis is all about timing the entrance.
If you fail to plan, you plan to fail.
  • #16,190
  • Feb 9, 2016 9:59am Feb 9, 2016 9:59am
Quoting Mr. Pip
We are really picking up Order Flow analysis better then I thought. Great job to all that have put in the time! Please let me know how this is changing the way you trade and how the charts appear to you now? Are you ever going back to indicators? I want to know? I'm going to get some breakfast and get to my favorite part of my day, trading! I'll be back later on today to catch up and post.

What has been enlightening for me since the new order flow video has been the fact, there is no need to start looking for reversals, rather one should tighten stops, if in a trade.

Or just wait, until expectations line up again, with order flow.


Aj1
  • #16,191
  • Feb 9, 2016 10:06am Feb 9, 2016 10:06am
Eur 5 min


Lots of momentum to the upside.

Projection increasing.

Expectation is for a strong NSH.
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  • #16,192
  • Feb 9, 2016 10:48am Feb 9, 2016 10:48am
Quoting Mr. Pip
We are really picking up Order Flow analysis better then I thought. Great job to all that have put in the time! Please let me know how this is changing the way you trade and how the charts appear to you now? Are you ever going back to indicators? I want to know? I'm going to get some breakfast and get to my favorite part of my day, trading! I'll be back later on today to catch up and post.
I was struggling before with how to filter bad market, how to know a solid trend is on its way. Now, I know when to avoid trading May be today is one of those days? I see frequent change in expectation...
  • #16,193
  • Feb 9, 2016 12:40pm Feb 9, 2016 12:40pm
Quoting Mr. Pip
{quote} The next lesson addresses that issue and helps you time your entrance. Bar by Bar Analysis is all about timing the entrance.
  • #16,194
  • Feb 9, 2016 2:24pm Feb 9, 2016 2:24pm
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  • #16,195
  • Feb 9, 2016 5:11pm Feb 9, 2016 5:11pm
Quoting hovedguy
{image}
May I ask why you put the stop where you put it?
Rise and rise again until lambs become lions
  • #16,196
  • Feb 9, 2016 6:15pm Feb 9, 2016 6:15pm
Quoting Mr_Burns
{quote} May I ask why you put the stop where you put it?
I have the same question. And remember you will have losing trades its part of the business. A losing trade doesn't always mean you did something wrong.
If you fail to plan, you plan to fail.
  • #16,197
  • Feb 9, 2016 6:19pm Feb 9, 2016 6:19pm
Hey Traders Scott Carney mentions the thread on his Facebook Page. That was really nice of him. A big thanks to him for his work and dedication to trading education. A true pioneer in the world of Harmonics.
If you fail to plan, you plan to fail.
  • #16,198
  • Feb 9, 2016 6:23pm Feb 9, 2016 6:23pm
Quoting GnG
{quote} Thank you for your answer ,step by step things are getting more and more clear. I would like though (maybe in a future video) to cover a little more the ''complex correction'' thing.. is something like false break out??don t know by the way as ujku80 said you are a very good teacher
Sure I will discuss complex corrections more but we are not breakout traders. That is a very retail way to trade and most breakouts fail because they are traps.
If you fail to plan, you plan to fail.
  • #16,199
  • Feb 9, 2016 8:52pm Feb 9, 2016 8:52pm
If a correction is made with a lot of momentum but still pauses at an area of structure and harmonic and fib confluence and you get a confirmation bar, would you still enter the trade despite the strength of the corrective swing? I'm thinking the answer to this is yes, but manage it tightly?
  • #16,200
  • Feb 9, 2016 10:01pm Feb 9, 2016 10:01pm
Quoting Mr. Pip
{quote} Sure I will discuss complex corrections more but we are not breakout traders. That is a very retail way to trade and most breakouts fail because they are traps.
My great master Mr Pip,

Great foresight and insight...Maybe you can make 5-10 live calls in your discussion to this regards so we can fully grasp your wonderful trading wisdom conclusively without any shadow of doubts henceforth and you shall reign supreme ever after.

GS
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