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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

  • #16,421
  • Feb 15, 2016 8:27am Feb 15, 2016 8:27am
Quoting devontrader
{quote} do you think the wife is trying to bump you off for your money lol
If you fail to plan, you plan to fail.
  • #16,422
  • Feb 15, 2016 8:31am Feb 15, 2016 8:31am
Quoting evocpr19
Hi all, My expectation (last line) on E/U (15min) were confirmed by the PA (but I did not trade it, since I do "dry" practice sessions for learning purpose) However, the chart is now at a point where I do not know what to expect. I cannot imagine that we get simply a LH followed by a NSL. We corrected to 100% the previous main swing and the chart bounced already twice at his level. I have also seen on other pairs similar senarios but also with complex correction at this level. This situation is even worse for me to predict (I do not post them,...
not an expert, but my take on this would be that the momentum is increasing, the projection looks to be about the same, and the depth has increased. At this point we dont know if the move has ended or not, but in the future we can expect a LH and a NSL as expectation dictates, and My expectation for a pull back would be in the region between the 0 and 23.6 levels on your chart (not the actual retracement values of the move though...) as that seems to be where structure seems to be, and it would be reasonable to come to there based on the projection and previous depth - a mid range correction...

Waiting on the expectation video by Mr.Pip - I am sure that will put a bit more light on the proceedings - Mr P, take your time though, no rush!
  • #16,423
  • Feb 15, 2016 8:31am Feb 15, 2016 8:31am
Quoting Mr. Pip
{quote} Not serious at all Mack I ate something that tried to kill me LOL doing better. I will catch up later today and make that video. Keep posting and sharing your thoughts and experiences.
Get well soon. your students are waiting for you.
MRMALIK1
  • #16,424
  • Feb 15, 2016 1:33pm Feb 15, 2016 1:33pm
Quoting Mr. Pip
Hello Traders, I've been under the weather today. I have not been able to make that video. I will make it and post it tomorrow. I'll also catch up with the thread. My apologies!
Dear Mr. Pip,

in order to give you a smile.

To be honest, I have never heard the above expression before (and the real meaning of it). My first reflex was to check the weather forecast, for checking if there was a hurrican in Miama. Then I saw "light rain shower" and I thought "????????????????????"
Hope you feel better.
  • #16,425
  • Feb 15, 2016 3:56pm Feb 15, 2016 3:56pm
Quoting evocpr19
{quote} Dear Mr. Pip, in order to give you a smile. To be honest, I have never heard the above expression before (and the real meaning of it). My first reflex was to check the weather forecast, for checking if there was a hurrican in Miama. Then I saw "light rain shower" and I thought "????????????????????" Hope you feel better.
That did make me laugh, I forget sometime that certain expressions get lost and that my audience is multi lingual and very international. My apologies.
If you fail to plan, you plan to fail.
  • #16,426
  • Feb 15, 2016 4:02pm Feb 15, 2016 4:02pm
I am much better. and will be making the video later on tonight my time and posting it. Today is Presidents Day here in the states and there is no school. My house is the fun house for everyone so there are a bunch of kids running around making way too much noise for me to make a quality video. As soon as they clear out I will get to work and make the long awaited video. I will not be catching up to the individual post because a lot of the questions will be covered in the video. So a little more patience and I will get that out soon. Nice work and a big thanks for those that have stepped in to help out while I was sick.
If you fail to plan, you plan to fail.
  • #16,427
  • Feb 15, 2016 5:53pm Feb 15, 2016 5:53pm
Hi there!

I am just getting started learning your methodology Mr. Pip and I'm excited about the journey ahead.

I just took this trade for an ABCD pattern, looking for a critique. Am I on the right track?
Attached Image (click to enlarge)
Click to Enlarge Name: ABCD.PNG Size: 43 KB
  • #16,428
  • Feb 15, 2016 6:36pm Feb 15, 2016 6:36pm
Actually it looks like it ended up being an Aggressive C? Thoughts?
Attached Image (click to enlarge)
Click to Enlarge Name: Aggressive C.PNG Size: 43 KB
  • #16,429
  • Feb 15, 2016 8:08pm Feb 15, 2016 8:08pm
Quoting Harmonic1976
Actually it looks like it ended up being an Aggressive C? Thoughts? {image}
Welcome to the thread!

We are not trading patterns at the moment. Please go back as devontrader mentions on the previous page to start reading at post #15603 then you'll know what"s going on. If you are serious about becoming a successful trader then you will find this info invaluable.

We certainly want you to be part of the thread so please feel free to ask questions about the current topic.

You'll find what Mr Pip is teaching right now is way more reliable than reading patterns. If you like trading patterns that's fine but first learn to read the charts. Then you will be able to trade the patterns with a higher probability of success.
Barry
  • #16,430
  • Feb 15, 2016 8:33pm Feb 15, 2016 8:33pm
Right on, thanks Barry!!
  • #16,431
  • Feb 15, 2016 11:16pm Feb 15, 2016 11:16pm
Okay Traders,

Just finished the video It's a longer then you are use to but better. I went through 2 trading days one unprofitable and the other profitable. As you already know I don't cherry pick the chart and use random places to show the examples. I believe this adds value because it is not rehearsed or faked in any way. You have not had the value to see a losing day which happens to all of us yes even me. But the take away it that it does not matter and you don't bring that baggage with you into the next day. I anticipate having to possibly make another video and that is okay there is no rush here and the important thing is that you are able to see the techniques applied in a realistic manner. Please comment on the video. I'm still not 100% so if the video is crap let me know as well.

Finally after 2 hours. Thought it was not going to upload.

https://youtu.be/ylTXkV4Ir8c
If you fail to plan, you plan to fail.
  • #16,432
  • Feb 15, 2016 11:35pm Feb 15, 2016 11:35pm
Thanks Mr. Pip, going through the video right now. Such an invaluable way to see the markets. God bless you.
  • #16,433
  • Feb 16, 2016 1:51am Feb 16, 2016 1:51am
hi guys. just arrived in my office and can't wait to watch Damian's video. but in the meantime I couldn't resist entering a trade this morning before London open. the reasons why I took it are written in the chart below together with some simple analysis. let's hope this trade plays out as I think it should, so that can relax for the day while enjoying Damian's video.
Attached Image (click to enlarge)
Click to Enlarge Name: 6E 03-16 (233 Tick) 16_02_2016.jpg Size: 131 KB


If you have any comments or questions regarding my analysis pls shoot.
  • #16,434
  • Feb 16, 2016 3:05am Feb 16, 2016 3:05am
Quoting ujku80
hi guys. just arrived in my office and can't wait to watch Damian's video. but in the meantime I couldn't resist entering a trade this morning before London open. the reasons why I took it are written in the chart below together with some simple analysis. let's hope this trade plays out as I think it should, so that can relax for the day while enjoying Damian's video. {image} If you have any comments or questions regarding my analysis pls shoot.
ok, I'm taken out. -23 points (pips). now let's wait for a PB and look for longs instead. market is showing quite some nice momentum to the upside.
  • #16,435
  • Feb 16, 2016 3:12am Feb 16, 2016 3:12am
Unbelievable spike
Attached Image (click to enlarge)
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  • #16,436
  • Feb 16, 2016 3:14am Feb 16, 2016 3:14am
Quoting hovedguy
Unbelievable spike {image}
oh, smth is going on here.. hehe
  • #16,437
  • Feb 16, 2016 3:18am Feb 16, 2016 3:18am
Quoting ujku80
{quote} oh, smth is going on here.. hehe
  • #16,438
  • Feb 16, 2016 3:26am Feb 16, 2016 3:26am
Quoting hovedguy
{quote}
u're taken out too? it's part of the business. don't give it more importance that what it deserves.

Attached Image (click to enlarge)
Click to Enlarge Name: 6E 03-16 (233 Tick) 16_02_2016.jpg Size: 120 KB


correction in the chart: "NSH wasn't taken out yet"
  • #16,439
  • Feb 16, 2016 3:35am Feb 16, 2016 3:35am
btw, another great video by Damian. I'm gonna watch it a couple of times at least. It helps me not only with the trading style or technique but also with the psychology of trading, knowing that even Damian might have bad days.
  • #16,440
  • Feb 16, 2016 3:48am Feb 16, 2016 3:48am
here I am again. Hail Mr. Pip!!!
Attached Image (click to enlarge)
Click to Enlarge Name: 6E 03-16 (233 Tick) 16_02_2016.jpg Size: 111 KB
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