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Ratios & Harmonics: a Different Way to Trade

  • #16,381
  • Feb 13, 2016 6:58pm Feb 13, 2016 6:58pm
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Added the horizontal blue rectangles which to me are important support/resistance or supply/demand areas. For me I look for trades at these areas on retracements in direction of order flow.
  • #16,382
  • Feb 14, 2016 4:20am Feb 14, 2016 4:20am
Hi guys

I started reading from page 785 and all watched the videos as well tried to understand what MR. PIP taught here. so posting my first chart for learning purposes.
market is in bull trend in longer term. can we trade counter trend as well or not or just what the general trend is. cos there are some points where we can trade the counter trend as well.

please correct me if i am wrong.
our expectation from a HL is NSL and LH is NSH. our stop is above from LH for shorts and vice vers for long. And need to look the price momentum, depth and projections also.

waiting for the next lesson where we learn new things like entry, exits managing trade and the the entry ext signals.

thanks
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MRMALIK1
  • #16,383
  • Feb 14, 2016 4:30am Feb 14, 2016 4:30am
Quoting mrmalik1
Hi guys I started reading from page 785 and all watched the videos as well tried to understand what MR. PIP taught here. so posting my first chart for learning purposes. market is in bull trend in longer term. can we trade counter trend as well or not or just what the general trend is. cos there are some points where we can trade the counter trend as well. please correct me if i am wrong. our expectation from a HL is NSL and LH is NSH. our stop is above from LH for shorts and vice vers for long. And need to look the price momentum, depth and projections...

As we can see, expectations play out 70% of the time.

So why not continue to trade with that big advantage on your side.

Learn the language of the market

And keep listening to what she is saying

Why swim against the tide.

Keep it simple

Good Trading to you

Aj1
  • #16,384
  • Feb 14, 2016 4:55am Feb 14, 2016 4:55am
Quoting Aj1
{quote} As we can see, expectations play out 70% of the time. So why not continue to trade with that big advantage on your side. Learn the language of the market And keep listening to what she is saying Why swim against the tide. Keep it simple Good Trading to you Aj1
I am not trading at the moment just watching the market and learning to trade . And waiting for the new lessons in which MR. PIP is teaching us the entry and exit strategy. And the trade management and the entry exit signals as well.ARE trading atm? If yes how so u enter the trade? Using fibs candlestick patterns? Or any other techniques.Thanks
MRMALIK1
  • #16,385
  • Edited 9:24am Feb 14, 2016 6:04am | Edited 9:24am
Hi all,

in annex is a setup that seems to me in line with the learned material.

On E/U (15min) we are in downtrend. The correction is so far 50%. I would try to enter this trade either by placing a Sell on point "A" or to get a better entry in area "B" (I doubt that the price will enter again this area; left in the past there is structure there). TP should be 1.11045 but I would go for a safer target (since the previous corrective move is between 50-61%; so less expectation) around 1.12150 (test of previous low).

What do you think? (I expect the move during my "night time")

Does anybody know a visual RR calculator for MT4? (like in Ninja with coloured boxes)
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  • #16,386
  • Edited 6:29am Feb 14, 2016 6:14am | Edited 6:29am
Hi everyone.

I see that some of you are labeling some LH after a NSH but before a NSL is achieved. I thought that after a NSH we should only label HL or a NSL if price brakes a previous HL.
From what i understand, after a NSH you expect a HL and that only changes if you get a NSL.

Im i missing something???

Asmodai
  • #16,387
  • Feb 14, 2016 6:18am Feb 14, 2016 6:18am
Quoting evocpr19
Hi all, in annex is a setup that seems to me in line with the learned material. On E/U (15min) we are in downtrend. The correction is so far 50%. I would try to enter this trade either by placing a Sell on point "A" or to get a better entry in area "B". TP should be 1.11045 but I would go for a safer target (since the previous corrective move is between 50-61%; so less expectation) around 1.12150 (test of previous low). What do you think? {image}
Looks good to me, even though I would wait for some bearish PA to enter.
  • #16,388
  • Feb 14, 2016 7:51am Feb 14, 2016 7:51am
Quoting devontrader
hi guys sorry not been around for a while,,,,urgent family matters to take care of feeling im slipping behind and losing touch but and fighting back will spend sunday studying as much as i can ive managed to watch videos and put this together on YM 233 tick oh i hope its right what you think MR P? p,s mistake at the top,,not LL its NSL {image}
You are not slipping behind a couple of miss labels but not a real problem. Keep at it. The good thing is the the information is here and will be here for you to come when needed. Family always come first. Keep doing the best you can.
If you fail to plan, you plan to fail.
  • #16,389
  • Feb 14, 2016 7:53am Feb 14, 2016 7:53am
Quoting sasongko10
{quote} i see now, its a big correction... i mean when the price come down in a minor move, sometimes it just a little correction that mean nothing for the big one. But, it's a big risk and reward also
Not really sure I understood what you meant.
If you fail to plan, you plan to fail.
  • #16,390
  • Feb 14, 2016 7:57am Feb 14, 2016 7:57am
Quoting GnG
Good morning ! I have a general question . When we open a chart to start making our analysis (lets say we are intraday traders,and we focus on EUR,USD) we go a little back and looking for the highs and lows and structure levels ,,and all these stuff we have discussed.. As we have seen the market moves more during London or/and New York session.Before the open and after the close market is more ''quiet''. My question is : things that we may identify (NSHs ,Support levels, momentum measurements ...) during the ''quiet'' hours are less important that...
It is not less important. It's the order flow of the market participants at that time. If that is your chosen time to trade. Then that is the order flow you are trading. Targets and stops have to be realistic to that order flow.
If you fail to plan, you plan to fail.
  • #16,391
  • Feb 14, 2016 8:56am Feb 14, 2016 8:56am
Hi Fellow traders and Mr Pip
First of all a big thank you to Mr Pip for opening our eyes to naked charts and reading price action. I have just caught up on the thread and have watched all these amazing videos, hats off to you Mr pip for your excellent teaching skills.
This is my first post here and i hopefully have attached my take on EUR/USD M15 slightly different to others as i have counted more peaks. My expectation is that price will fall but as i show a much lower NSL i think that price will not make a new NSL. I have marked two TP levels where i think price will go to and the third would be a new NSL and would be a 100% retracement.
Am i on the right lines here any feed back is most welcome.
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  • #16,392
  • Feb 14, 2016 9:14am Feb 14, 2016 9:14am
@buzznack: sorry, I am not sure if a understand your sentence right " My expectation is that price will fall but as i show a much lower NSL i think that price will not make a new NSL".
If i get it right, you expect a new NSL even eventually a much lower than the previous projection, but not a closed candle there (only the wick comes that much down).
  • #16,393
  • Feb 14, 2016 9:21am Feb 14, 2016 9:21am
Mr pip good morning,
​​I did lots of video watching and went over lots of charts and prepared few questions for ya about pullbacks.

​​ok when do we expect shallow pullbacks midrange and deep ones? Are there certain rules that apply like what we saw in projection?

​​what if we have a shallow pullback but then a weak projection( not ab=cd) does that mean bulls or bears are weak and to expect a complex correction or retest even a break out tward a new structure level?

​​how about the opposite we have a deep pullback but then higher projection?


​​I know you planning to release an upcoming video but wasn't sure if you are going to talk about pullbacks in specific , disregard my questions if I'm ahead I can always wait for the video. Thanks lot and happy valentine.
  • #16,394
  • Feb 14, 2016 9:27am Feb 14, 2016 9:27am
Quoting Mr. Pip
{quote} You are not slipping behind a couple of miss labels but not a real problem. Keep at it. The good thing is the the information is here and will be here for you to come when needed. Family always come first. Keep doing the best you can.
my weakness is the structure zones and harmonic ...im hoping ive not missed it and its to come
  • #16,395
  • Feb 14, 2016 9:43am Feb 14, 2016 9:43am
Quoting evocpr19
@buzznack: sorry, I am not sure if a understand your sentence right " My expectation is that price will fall but as i show a much lower NSL i think that price will not make a new NSL". If i get it right, you expect a new NSL even eventually a much lower than the previous projection, but not a closed candle there (only the wick comes that much down).
Yeh I did not word that very well did i. Let me try again, my last marked NSL was only slightly lower than the previous one so my belief is that price is weakening. It has now made a deep retracement over 61% off the previous move. Now the expectation is still for the price to make a new NSL but me thinking out aloud here i am also preparing for it not to make a new NSL because of the weakness being shown in the price. I may be completely wrong tomorrow will reveal all.
Donīt get me wrong i will still place a demo short as the expectation is to make a new NSL I will also be cautious around my TP lines. If Price passes the previous NSL i think it may go all the way to my TP3. Does this make any sense?
  • #16,396
  • Feb 14, 2016 10:08am Feb 14, 2016 10:08am
Quoting buzznack
Hi Fellow traders and Mr Pip First of all a big thank you to Mr Pip for opening our eyes to naked charts and reading price action. I have just caught up on the thread and have watched all these amazing videos, hats off to you Mr pip for your excellent teaching skills. This is my first post here and i hopefully have attached my take on EUR/USD M15 slightly different to others as i have counted more peaks. My expectation is that price will fall but as i show a much lower NSL i think that price will not make a new NSL. I have marked two TP levels where...
I think you got it mixed up correct me if I'm wrong after every nsh there s supposed to be hl because it s higher than the previous low and same thing for every nsl.​
  • #16,397
  • Feb 14, 2016 10:30am Feb 14, 2016 10:30am
Hey from Ottawa, Canada (yes, it's friggin cold up here these days). Here's my take on next PA move for EUR/USD 15min.
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  • #16,398
  • Feb 14, 2016 10:32am Feb 14, 2016 10:32am
Quoting GetThatPip
{quote} I think you got it mixed up correct me if I'm wrong after every nsh there s supposed to be hl because it s higher than the previous low and same thing for every nsl.​
Your completely right, mixed up my HL and LH. I also looking back on it think i am being to picky with my swing points by picking out too many NSL and LH. I need to look at the broader picture. Still a big learning curve for me though, but i think Iīm getting there.
  • #16,399
  • Edited 11:15am Feb 14, 2016 11:02am | Edited 11:15am
Quoting buzznack
{quote} Yeh I did not word that very well did i. Let me try again, my last marked NSL was only slightly lower than the previous one so my belief is that price is weakening. It has now made a deep retracement over 61% off the previous move. Now the expectation is still for the price to make a new NSL but me thinking out aloud here i am also preparing for it not to make a new NSL because of the weakness being shown in the price. I may be completely wrong tomorrow will reveal all. Dont get me wrong i will still place a demo short as the expectation...
@buzznack: Thx for your explanation. I personally think that we cannot expect (at least yet) such a wide TP3. I understand that you are going react according to how the chart behaves.
It is also a possibility, but I do not have the time to stick on the chart and to watch all moves. Moreover, I personally made bad experiences with that approach, because the risk is that actions are then triggered by emotions (if price for example falls first and then comes back to your entry or even higher and would then possibly lead to exit the trade although the price can come down again).
My aim is to have realistic expectations (don't get me wrong; you too) based on what can be read from the chart and to learn where to place an order, whereby respecting at least RR of 1.
In short, to get the confidence and then let it run (this is presently hard for me to do).

Anyway, future will tell the outcome and I have still a lot to learn. But I am confident that I will master it with all the input I get.
I wish all a good trading
  • #16,400
  • Feb 14, 2016 11:29am Feb 14, 2016 11:29am
Quoting evocpr19
{quote} @buzznack: Thx for your explanation. I personally think that we cannot expect (at least yet) such a wide TP3. I understand that you are going react according to how the chart behaves. It is also a possibility, but I do not have the time to stick on the chart and to watch all moves. Moreover, I personally made bad experiences with that approach, because the risk is that actions are then triggered by emotions (if price for example falls first and then comes back to your entry or even higher and would then possibly lead to exit the trade although...
I too donīt expect it to reach TP3 in one go. I have much to learn and i am already realising that i am probably to picky with the swing points and it has happened to me in the past that i have been taken out of a trade because i did not let it breathe. We can only become better traders by posting our charts and i really appreciate yours and others input. With the help of Mr Pip i am confident we will all become profitable traders.
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