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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

  • #16,641
  • Feb 18, 2016 9:13pm Feb 18, 2016 9:13pm
This is my first week so far (I won't be looking for trades tomorrow) applying what we are learning here to the four hour charts. I like the schedule for the most part. One of the things that's hard to get used to is that I don't *need* to be checking on my trades so often. A slight sense of loss that, if in some ways a relief.

So I took four trades this week. Only one actually lost money, and in retrospect the price action was weird and it was a trade I would not enter over again for that reason. The other three were profitable. . . *but* they could each, easily, have made three times what I actually took out of them. I suppose I needed to give them more room. It's gratifying to know that I picked three good moves near their beginnings, and that I was actually in them and that they even hit my tps (but without me)! I like feeling like a genius, I would even more like feeling like a genius who made money.

Clearly, this will take time. I'm going to watch all the 2016 videos again over the weekend.

Still, up 70+ pips for the week. Not that great given the initial risk and the time frame, but at least it is profit.
  • #16,642
  • Feb 18, 2016 9:26pm Feb 18, 2016 9:26pm
I decided to take a trade tonight on the USD/JPY. I saw what I thought was a decent setup. I actually got into the trade a little early (always make sure you're waiting for price to come into your target zone! It did go into the target zone barely and bounce off of it, which is why I entered the trade there. Patience is a virtue.) The target zone for the correction swing was between the 38% and 50% fib retracement, it's the blue box. My stop was at the next structure level (16 pips away, marked in the Red line). I had 2 trades, the first was a take profit at break even at 16 pips. The second was a take profit at expected one-to-one harmonic completion point (43 pips). I made the trade and went out to hang out with friends. I don't even bother with "caring" or "investing energy" into trades anymore. My apple watch notified me when the trade hit both take profits. It's just THAT EASY! Thank you so much, Mr. Pip! Stress free trading!

Apple watch screenshot. :-)
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Chart
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Markets can remain irrational longer than you can remain solvent - JMK
  • #16,643
  • Feb 18, 2016 9:37pm Feb 18, 2016 9:37pm
Quoting Timwelch
I decided to take a trade tonight on the USD/JPY. I saw what I thought was a decent setup.
Nice work!
  • #16,644
  • Feb 18, 2016 10:16pm Feb 18, 2016 10:16pm
Quoting Timwelch
I decided to take a trade tonight on the USD/JPY. I saw what I thought was a decent setup. I actually got into the trade a little early (always make sure you're waiting for price to come into your target zone! It did go into the target zone barely and bounce off of it, which is why I entered the trade there. Patience is a virtue.) The target zone for the correction swing was between the 38% and 50% fib retracement, it's the blue box. My stop was at the next structure level (16 pips away, marked in the Red line). I had 2 trades, the first was a take...
dido. nice work
  • #16,645
  • Feb 18, 2016 10:23pm Feb 18, 2016 10:23pm
Working on Structure Analysis, Order Flow and expectations

here is my expectations for the EURUSD - 15M

I'm expecting price to decelerate into the 1.1140's. but as of now, with the deeper then expected corrections which I reckon will surpass the 78.6 and the increased momentum in the latest L/T Bullish swing, I'm expecting a Retest maybe even a HL.

Feel free to comment or criticize.... still learning

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  • #16,646
  • Feb 18, 2016 11:36pm Feb 18, 2016 11:36pm
Quoting Mack2013
Working on Structure Analysis, Order Flow and expectations here is my expectations for the EURUSD -

Looks spot on, I'm getting the same thing.
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  • #16,647
  • Feb 19, 2016 2:16am Feb 19, 2016 2:16am
Hi everyone.

Early trade on EU 5m.....
First screen is just after entry, the second at close. I moved my stop to that point when price got near the FE 100 because it was a structure area and i decided to lock some profit.

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Asmodai
  • #16,648
  • Feb 19, 2016 2:30am Feb 19, 2016 2:30am
My TP on the trade would have been hit, but i'm happy about how i managed the trade.

Asmodai
  • #16,649
  • Feb 19, 2016 2:56am Feb 19, 2016 2:56am
here is what i think about E/U and DOW:
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the yellow line has high probability, not so sure about the white line.
  • #16,650
  • Feb 19, 2016 3:02am Feb 19, 2016 3:02am
there must be a reason why in US they say "thank God, it's Friday".
  • #16,651
  • Feb 19, 2016 5:16am Feb 19, 2016 5:16am
A Gartley (white) and a Cypher completed .
EURUSD M15 London session


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  • #16,652
  • Feb 19, 2016 6:44am Feb 19, 2016 6:44am
Hello Traders,

I will be catching up later today. It's my daughter's birthday today and will be doing some things in the morning with her. It was Tax day for me yesterday and that took forever so sorry I did not get a chance to do it yesterday. Keep up the good work and I will talk to you all later.
If you fail to plan, you plan to fail.
  • #16,653
  • Feb 19, 2016 6:55am Feb 19, 2016 6:55am
The unfolding of the EURUSD [M15] pair was truly beautiful in every respect!

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One point that was missed out of the analysis was the expected bounce off the 50 Fib based on previous PA.

The power of the harmonics as price charged up through the longer term trend line to clip the top of the 886 Fib before driving down hard to expected TP's was truly magical!

Well done to those traders who posted their analysis before the fact ........

Note: chart analysis done before completion of expected TP's but for the record I did not trade this pair today!

Masterrmind...........
Master your Mind then Master your Trades
  • #16,654
  • Feb 19, 2016 6:57am Feb 19, 2016 6:57am
All these informations are fantastic especially videos from your Youtube channel! You are doing an amazing job. Please keep posting further.
I am learning all these informations right now and trying to practice it on price chart step by step. Structure expectations (NSH HL NSH ) vs (NSL LH NSL). Momentum, projections, depth etc. Just have to say wow to what a material you gave us for free
I have never seen something like this before in such complex manner and easy to understand!
Thank you Mr. Pip, for all you are doing here. Great!

kindly regards,
cmelak
  • #16,655
  • Feb 19, 2016 7:05am Feb 19, 2016 7:05am
My best day so far with respects entering with confidence, and where everything seemed to fall into place, especially with the patience game...

2 winners and 1 debit, with an open long trade in the USDCAD.

The debit was on the EURUSD, and was simply one which went against me, so no big deal there! Had winners on the GBPUSD and the USDCAD (on shorter order flow than what i am in on now)

I am just starting to get more chart time with the strategy so hopefully will start to get a bit more profitable next week, but so far enjoying the ride! I think i still need to put a bit more analysis into each trade! Thanks Mr Pip!
  • #16,656
  • Feb 19, 2016 7:15am Feb 19, 2016 7:15am
1st one today
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  • #16,657
  • Edited 7:50am Feb 19, 2016 7:19am | Edited 7:50am
Dear Mr. Pip,

first happy birthday to your daugther!

I have a question concerning my trade and expectations.
I was expecting after the big downmove forming a NSL and break of structure of the uptrend to wait for a LH which I expected to form at approx. the 50% Fib. Here was my sell entry (bearish engulfing). The price turned on the point to the downside and was expecting that the price will go for a NSL. However, it turned again the upside. and passed the previous LH. Hence I was now expecting that price will go to the upside (target indicated with the projection line).
In the meantime, I have seen that the price came down again (and passed the previous turning point) and formed at fib 61.8 a double top.

Are these simple expectation failures or do I something wrong. We had for the first expectation also structure at the left (more in the past as the structure of the second turn point). I think next time I will analyse, set entry, TP and SL and close the laptop.
Just for info, I did not loose anything because my entry was very soon protected by the SL and I try on a demo account.

Update: price came down as expected during the first expectation.
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  • #16,658
  • Feb 19, 2016 7:41am Feb 19, 2016 7:41am
Quoting Mr. Pip
Hello Traders, I will be catching up later today. It's my daughter's birthday today and will be doing some things in the morning with her. It was Tax day for me yesterday and that took forever so sorry I did not get a chance to do it yesterday. Keep up the good work and I will talk to you all later.
what? my youngest daughter's birthday is today too. what are the odds... Happy birthday on both of them. A pic of the cake that my wife prepared last night for her. i assume your daughter loves "elsa" from frost too hehe
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  • #16,659
  • Feb 19, 2016 7:50am Feb 19, 2016 7:50am
Quoting Masterrmind
The unfolding of the EURUSD [M15] pair was truly beautiful in every respect! {image} One point that was missed out of the analysis was the expected bounce off the 50 Fib based on previous PA. The power of the harmonics as price charged up through the longer term trend line to clip the top of the 886 Fib before driving down hard to expected TP's was truly magical! Well done to those traders who posted their analysis before the fact ........ Note: chart analysis done before completion of expected TP's but for the record I did not trade...
great market today. i had another short on EU and somehow my TP wasn't hit although i think price just touched it, maybe a quarter of a pip.... i was expecting a 127% extention of the recent major move to the downside. had to close manually with 25 pips profit. anywayr, still great day.

have a nice weekend guys.
  • #16,660
  • Feb 19, 2016 7:52am Feb 19, 2016 7:52am
Quoting ujku80
{quote} great market today. i had another short on EU and somehow my TP wasn't hit although i think price just touched it, maybe a quarter of a pip.... i was expecting a 127% extention of the recent major move to the downside. had to close manually with 25 pips profit. anywayr, still great day. have a nice weekend guys.
Likewise to you and all traders have a great weekend!

Masterrmind..........
Master your Mind then Master your Trades
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