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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

  • #16,221
  • Feb 10, 2016 2:14pm Feb 10, 2016 2:14pm
more orderflow practice on EUR/USD
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  • #16,222
  • Feb 10, 2016 3:48pm Feb 10, 2016 3:48pm
My take on EURUSD 15min (the trade you see is only paper)
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Long term order flow:
Bullish market
Projection strong
Depth about the same with increased momentum
Possible ABCD (dark blue)
Rise and rise again until lambs become lions
  • #16,223
  • Feb 10, 2016 5:16pm Feb 10, 2016 5:16pm
Quoting beepbop2015
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?
Most likely yes It would depend on other factors like if that is the first sign or strength breakdown and I'm not trading into significant structure. And yes I would manage it more aggressively.
If you fail to plan, you plan to fail.
  • #16,224
  • Feb 10, 2016 5:20pm Feb 10, 2016 5:20pm
Quoting genghistar
{quote} 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
Not sure what you mean by doubt. I have posted many live calls in the past and even have recorded live trading sessions. Beside we have not talked about trading yet we will get there soon enough. I will be doing this further ahead in the training but that is not the focus now. If you are having some issues ask the question and I will answer it. Please clarify your post for me.
If you fail to plan, you plan to fail.
  • #16,225
  • Feb 10, 2016 5:22pm Feb 10, 2016 5:22pm
Quoting Mack2013
Good evening everybody. EURUSD - 15M Question: Did I label the swing in the circle correctly or is it just all one leg. I might of mixed up short term and long term order flow and structure analysis? {image} Edit: Mah... decided to make it one leg because structurally it needed to break the NSH. Left my original post as a teaching tool for criticism. {image}
Your second retest looks like a NSH but other then that looks good to me. Your second attempt is wrong stick with the first.
If you fail to plan, you plan to fail.
  • #16,226
  • Feb 10, 2016 5:23pm Feb 10, 2016 5:23pm
Quoting Mr. Pip
{quote} Most likely yes It would depend on other factors like if that is the first sign or strength breakdown and I'm not trading into significant structure. And yes I would manage it more aggressively.
Great Master...is it too much to ask for a couple of live pre trade calls to open our blind eyes to grasp your trading wisdom?

GS
  • #16,227
  • Feb 10, 2016 5:26pm Feb 10, 2016 5:26pm
Quoting mrmalik1
Hi, i am following the the thread watch all the videos twice. The information is nice thanks fro the MR. PIP who has open my eyes and give me vision to see the market differently with accuracy of more than 70%. i am trading demo ATM on mt 4. but recently downloaded the fxcm trade station to learn exactly as MR. PIP is teaching here. i am having problem to see the tick chart as different to some of the senior members or posting here. i am attaching the chart could any body help me to sort this out how can i get the exact tick chart as MR. PIP and...
FXCM does not give you good Tick charts. What you can do is open an FXCM demo account and use the login ID and PASSword to create a ninjatrader connection.
If you fail to plan, you plan to fail.
  • #16,228
  • Feb 10, 2016 5:29pm Feb 10, 2016 5:29pm
Quoting GnG
Goodmorning everybody, Just a confirmation on the correct drawing of the swings in order to find the momentum properly. We have learned 1)that we pay attention on the wicks, to make our order flow analysis. 2)we start our line from the left higher high(the highest point that the price reached) and finish to the right lower low (if we have a down trend) So on this chart the line should start from the purple arrow(ok this is clear since it happens to be also the more left candle) to the green arrow(that has reached the lower price)??Even if there...
Let's keep it simple. I rather everyone use the highest point and the lowest point. I won't make much of a difference.
If you fail to plan, you plan to fail.
  • #16,229
  • Feb 10, 2016 5:32pm Feb 10, 2016 5:32pm
Quoting Asmodai
Hi everyone. Mr. Pip i have a quick question.... I noticed that "zooming" in and out the chart changes a bit my perception os the price swings. In the charts i have posted i can see about one day back in the 15m chart, if i zoom out i can see two or three. My question is, does it really matter how far back i can see on the chart as long as i can find some clear highs and lows and dont change the timeframe? Asmodai
It really does not matter. Find the current expectation and assess the order flow and you are in business. No need to scale out too much for this type of analysis.

We will be scaling out a bit later on to identify Supply and Demand and potential Advanced Harmonic Patterns but not at the moment.
If you fail to plan, you plan to fail.
  • #16,230
  • Feb 10, 2016 5:34pm Feb 10, 2016 5:34pm
Quoting Aj1
Good Morning Traders People are still unsure about Short Term Order Flow. From the chart below, we see price has made a NSH. Our expectation is for a HL, followed by a NSH. Now as long as price remains in the shaded area, that is short term order flow. Price broke the white dotted line, short term order flow. That means on the short term order flow you would be expecting a LH, followed by a NSL. Now the long yellow line. That is the line in the sand, as far as the bulls are concerned, if they want to take price higher, they have to come in there....
I see that I'm going to make another video on this topic so we can find clarity.
If you fail to plan, you plan to fail.
  • #16,231
  • Feb 10, 2016 5:41pm Feb 10, 2016 5:41pm
Quoting Mr_Burns
{quote} Thanks for the answer. I think you is correct with your analysis, maybe not so much an increase in momentum but increasing projection and decreasing depth speaks for a shallow/mid correction. However price could still correct deeper and still make a NSH, in fact until we see price close below our HL we should expect a NSH. My SL would be below the HL. The problem then is if we can get at least a 1:1 risk/reward and if our money management strategy allows that amount of risk. I haven't backtested how often expected shallow corrections play...
We will get there it's not complicated at all. Until then if you do not like the R/R don't take the trade or enter with half of your position size at the first level of structure and price rotation and if price comes against you to a deeper correction to a strong second level of structure then you can enter the other half of your position and average in a better price and improving the R/R. Be careful we are not adding to a losing trade there is a huge difference. We will discuss this later on we are still learning to walk. Patience.
If you fail to plan, you plan to fail.
  • #16,232
  • Feb 10, 2016 5:45pm Feb 10, 2016 5:45pm
Quoting Timwelch
Here's a screenshot of a trade I made today. It looked like there was a 'complex correction' in a down movement, which then broke back to the downside. If you look at the blue boxes, those were significant bear candles. Since the bulls looked to have a harder time in raising price than the bears was having in lowering it, I felt confident of my entry that it was time for another big move to the down side. I didn't fully implement all of the trainings, drawing the projection and depth on the chart, but I did try to take it into consideration. What...
Excellent work Tim. Your trading has improved big time since we spoke! I'm very proud of you!!
If you fail to plan, you plan to fail.
  • #16,233
  • Feb 10, 2016 5:53pm Feb 10, 2016 5:53pm
Quoting genghistar
{quote} Great Master...is it too much to ask for a couple of live pre trade calls to open our blind eyes to grasp your trading wisdom? GS
What are you blind to? I don't think I would be helping you by doing a live call. What is the issue? are you in doubt that this works that I even trade for a living. I need to know what the issue is so I can address it in a way that would help you. You seem to be the only one here that seems to be in doubt of something. Spill your guts, I won't get mad.
If you fail to plan, you plan to fail.
  • #16,234
  • Feb 10, 2016 6:02pm Feb 10, 2016 6:02pm
Quoting Mr. Pip
{quote} It really does not matter. Find the current expectation and assess the order flow and you are in business. No need to scale out too much for this type of analysis. We will be scaling out a bit later on to identify Supply and Demand and potential Advanced Harmonic Patterns but not at the moment.
Thank you for the reply.... i have rewatched all the videos again today and will do the same tomorrow..... will be posting more charts also.

Asmodai
  • #16,235
  • Feb 10, 2016 6:31pm Feb 10, 2016 6:31pm
Quoting Mr. Pip
{quote} What are you blind to? I don't think I would be helping you by doing a live call. What is the issue? are you in doubt that this works that I even trade for a living. I need to know what the issue is so I can address it in a way that would help you. You seem to be the only one here that seems to be in doubt of something. Spill your guts, I won't get mad.
You dont think it can help me but I asked becos a couple of live calls from especially you will help me understand your method better. I look silly not to be able to profit from it while everybody including our master is laughing all the way to the banks. Anyway the floor is all yours now. Forget about this old fool and sorry for the distress caused.

GS
  • #16,236
  • Feb 10, 2016 6:34pm Feb 10, 2016 6:34pm
In the meantime here is a chart of the DOW today so you can see hoe I saw it also some tip on when to expect complex corrections and information we have already discussed in the videos. Tomorrow I will make a video on complex corrections and on Friday I will make the one I wanted to make on how to determine how deep a correction should go as well as how far extensions should project. I don't think we are quite ready for Bar by Bar analysis just yet. Maybe next week some time.
Attached Image (click to enlarge)
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If you fail to plan, you plan to fail.
  • #16,237
  • Feb 10, 2016 6:38pm Feb 10, 2016 6:38pm
Quoting genghistar
{quote} You dont think it can help me but I asked becos a couple of live calls from especially you will help me understand your method better. I look silly not to be able to profit from it while everybody including our master is laughing all the way to the banks. Anyway the floor is all yours now. Forget about this old fool and sorry for the distress caused. GS
No distress at all I would love to help you and I will. I will do a live call tomorrow and PM me. We can do a quick Skype session so I can help you and not push the train off it's tracks. Is that far?
If you fail to plan, you plan to fail.
  • #16,238
  • Feb 10, 2016 6:45pm Feb 10, 2016 6:45pm
Quoting Mr. Pip
{quote} No distress at all I would love to help you and I will. I will do a live call tomorrow and PM me. We can do a quick Skype session so I can help you and not push the train off it's tracks. Is that far?
Now you speak like real master and I am excited and looking forward to hear your live trade calls. Skype? tis old man total cyber illiterate its better to be open so everybody can see your power and profit from it then we all laugh together to the bank...nice.
  • #16,239
  • Feb 10, 2016 7:14pm Feb 10, 2016 7:14pm
Quoting genghistar
{quote} Now you speak like real master and I am excited and looking forward to hear your live trade calls. Skype? tis old man total cyber illiterate its better to be open so everybody can see your power and profit from it then we all laugh together to the bank...nice.
Dude, why don't you try to draw a structure analysis chart first, try to determine NSH, NSL, HL, LH first. And then we will help you from there. You need to try it yourself first.
  • #16,240
  • Feb 10, 2016 7:19pm Feb 10, 2016 7:19pm
Quoting lithium1
{quote} Dude, why don't you try to draw a structure analysis chart first, try to determine NSH, NSL, HL, LH first. And then we will help you from there. You need to try it yourself first.
Looks like he want to make a quick buck off of my trade call more then anything else. Having second thought about this. What do you all think?
If you fail to plan, you plan to fail.
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