Ratios & Harmonics: a Different Way to Trade

Quoting Timwelch

Disliked

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...

Ignored

Quoting evocpr19

Disliked

@gastonforex: you can look for the most dominant (big) swings (as u did with your labeling) or you can go more into details and look for every HL, NSH, LH, NSL. The disadvantage would be that its is a lot of work and you run the risk to get confused. Both ways will (should) conduct you to the same conclusions/expectations. To the question on the right (NSH?): no, because you have a NSH above which is higher. In the video of Mr. Pip it is explained that you do not need to drive you crazy with the labelling (the most important are enough). You can...

Ignored

Quoting evocpr19

Disliked

Dear Mr. Pip, please comment my assesment for entering this trade (it worked out, but I would be gratefull if there is a fundamental issue with my analysis). The main swing is up. It formed a NSH. Within the correction (retracement), price came down and formed a NSL (little broke of structure, since price closed below HL of the main swing (the close of HL, not in box because otherwise the box would hide the whole trade; area highlighed with the box). However, since the momentum of the main swing was very strong (&big bullish candles) and the retracement...

Ignored

Quoting gastonforex

Disliked

Hello Mr.Pip and everybody: I have been reading your thread for a while. Thank you very much for share with us your knowlege . I apologize because I uploaded an image of NZD/USD but this is a good example of my doubts. Can you or someone help me please? Thank you, Best Regards, Gaston {image}

Ignored

Quoting beepbop2015

Disliked

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...

Ignored

Quoting Timwelch

Disliked

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...

Ignored

Quoting Mack2013

Disliked

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 {image}

Ignored

Quoting Cmelak

Disliked

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,...

Ignored

Quoting rolandW

Disliked

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...

Ignored

Quoting evocpr19

Disliked

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...

Ignored

Quoting ujku80

Disliked

{quote} 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 {image}

Ignored

Quoting Masterrmind

Disliked

{quote} Likewise to you and all traders have a great weekend! Masterrmind..........

Ignored

Quoting Masterrmind

Disliked

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...

Ignored

Quoting monocor

Disliked

My analysis and trade NZD, comments are welcome By the Stop that is LH, sorry {image}

Ignored

Quoting gastonforex

Disliked

{quote} Hello evocpr, thank you for your response. It helps me The Question on the right, sorry, it was NSL (label error). I got confused when I saw that small correction (blue box) because of label into details. The NSL (green box) had a mid range correction (50% fibo) then I should expect mid range projection. And the price did it!!! It was perfect. The power of harmonics!!! I must to keep it simple because I run the risk to get confused I will keep doing my homework until I understand what Mr.Pip is teaching us. Thank you again, Best Regard,...

Ignored

Quoting stevepatt

Disliked

{quote} Hi Mastermind; The Candles, that are printed to form a Chart, are only the surface you need to understand what Institutions are doing to make those candles print as they do. Without this understanding you are only seeing half the picture. It has nothing to do with fib levels they are only interested in Liquidity "they" actively seek it out and Manipulate the Market (False Breaks) (Stop Raids) in their search of it and to generate it. Take a look, at any Chart, and see how many times a Swing Level will be breached by a few pips and then reverse....

Ignored

Quoting fxderek

Disliked

hi, MR.PIP im newbi of FF, thanks for your interesting and profitable strategy i have ever seen.LOVE IT! i have practice your strategy on my real account with mini lots today,and i think that im find out some aspects that might confluence with Elliott Wave. SO SORRY ABOUT I CANT EXPLAIN IT IN ENGLISH, BECAUSE MY MOTHER TONGUE IS CHINESE NOT ENGLISH. I WILL UPLOAD A SCREENSHOT, HOPE IT WILL HELP ME TO EXPLAIN WHAT I CANT EXPLAIN IN WORDS. did I do this correctly? if there is any problem, please correct me. BTW, your chat is...

Ignored