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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

  • #16,721
  • Feb 20, 2016 9:41am Feb 20, 2016 9:41am
Quoting monocor
by the way, they work only with numbers and price levels, i still have no idia how you can see on the chart where is wholesale
They leave foot prints on the chart. I don't really care where or why they do what they do but I do care about areas where decisions are going to be made. These are the areas I will teach you to identify and have an expectation for price when it gets there. As for retail pricing vs wholes pricing it really comes down to just that pricing. The wholesale pricing is where I'm teaching you all to buy or sell. This is the best place to engage. It offers the best risk / reward, retail trading are your breakout traders your head and shoulders, trend line break traders. But wholesale traders already have positioned themselves into the market at a much more favorable place and have already removed all risk from the trade in case that break is a fake out by the sharks to fill their order. Remember I said be smarter then the sharks be the dolphin. I will show you a chart example of where the retail traders seeks opportunity and the whole traders and you will see which you would want to be in seconds. When you go shopping would you rather pay wholesale price or retail? Why should trading be any different?
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If you fail to plan, you plan to fail.
  • #16,722
  • Feb 20, 2016 9:44am Feb 20, 2016 9:44am
Mr. Pip,
Getting started on the project. Rather than drawing the a rectangle to identify structure areas, I am using a ray extended right. That structure seems to stay in play days later. Is this a mistake and will clog up the charts? The purple lines are all from a week prior.

The dark NSH in the lower middle, where I copied and pasted a couple of them is defined by the bulls pushing price up to the prior LH and then the medium retrace to a HL, which breaks the expectation for a NSL.

Sorry, just realized this is a 3 minute chart. Will switch to 15 for the rest of the project.

Thanks for everything. Great videos.

Poc
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  • #16,723
  • Feb 20, 2016 9:45am Feb 20, 2016 9:45am
Quoting GnG
{quote} Good morning, i posted the same chart with some more notes i made 2 different cases having always in mind the things we have learned about structure and expectations.As it was proven case one was played.. What was the thing i missed in case no 2?? {image}
I think this is a great opportunity to make a short video on this be patient with me I will make a short 10 to 15 minute video you will get more value and so will everyone else. Tell me again which pair and TF it was so I can use the same price action.
If you fail to plan, you plan to fail.
  • #16,724
  • Feb 20, 2016 9:49am Feb 20, 2016 9:49am
Quoting stevepatt
Take a look at this guys youtube channel he has a lot of useful information about how the Markets work. https://www.youtube.com/watch?v=xtdzPepX83w This video demonstrates what I am looking for.
I hope this was not your source of market knowledge. This guy is a clown! There as a very small notion of how it really works but overall he is basically saying that it is all insider trading which does happen to some extent but very illegal.
If you fail to plan, you plan to fail.
  • #16,725
  • Feb 20, 2016 9:52am Feb 20, 2016 9:52am
Quoting umutdincer
Mr. Pip I deleted my message Sorry from you and others I will not do it again I am following you from begining, And just want to do a indicator, which will be help to traders But I will not do it again, Sorry
Accepted! No indicators they keep you in the dark where they want you. The ZigZag has severe repainting issues and a very poor choice to construct you indicator with. That is not a topic for this thread and I much rather not cut any corners they place traders back where they came from.

We are cool.
If you fail to plan, you plan to fail.
  • #16,726
  • Feb 20, 2016 9:53am Feb 20, 2016 9:53am
Let me answer instead of GnG. It is EurUsd 1min TF
  • #16,727
  • Feb 20, 2016 10:27am Feb 20, 2016 10:27am
Quoting paren
Let me answer instead of GnG. It is EurUsd 1min TF
Thanks
If you fail to plan, you plan to fail.
  • #16,728
  • Feb 20, 2016 11:06am Feb 20, 2016 11:06am
Hi Mr. Pip

Practicing as you said.

Could you please point out why not to take this trade?
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  • #16,729
  • Feb 20, 2016 11:15am Feb 20, 2016 11:15am
Quoting Mr. Pip
{quote} I think this is a great opportunity to make a short video on this be patient with me I will make a short 10 to 15 minute video you will get more value and so will everyone else. Tell me again which pair and TF it was so I can use the same price action.
A video would be great!!

it was February 19 2016, EUR/USD , 1 min chart,the period i was looking was from London open to London close.
learn more , earn more
  • #16,730
  • Feb 20, 2016 11:19am Feb 20, 2016 11:19am
Quoting hovedguy
Hi Mr. Pip Practicing as you said. Could you please point out why not to take this trade? {image}
Hello,

That trade was not a bad trade and remember that not every trade is going to be a winner. The only thing you might have given you a heads up to manage the trade aggressively was the extreme weakness that the bulls showed in the history. A bunch of 100% corrections and little to no ability to keep driving the bus up the hill. This showed severe breakdown in price. Price did however got it's act together and finally progressed into that NSN and your expectations were accurate. You just can't filter everything out.
If you fail to plan, you plan to fail.
  • #16,731
  • Feb 20, 2016 11:30am Feb 20, 2016 11:30am
Quoting GnG
{quote} A video would be great!! it was February 19 2016, EUR/USD , 1 min chart,the period i was looking was from London open to London close.
Okay, I am going to go out with the Family for a while I then I'm meeting up with Scott Carney for another while and then I will make that video and I have to make the other one on Supply and Demand that I will be putting out tomorrow. So it won't be soon but I will do my best to get it out today.
If you fail to plan, you plan to fail.
  • #16,732
  • Feb 20, 2016 12:22pm Feb 20, 2016 12:22pm
hello Mr pip
just short 250 miles from your happy place lol, slowly but surly we all guna join you , practice, hard work and patience.
I just flew over miami and it s beautiful day over there. say hello to scott from your students here and looking forward to your next video.
  • #16,733
  • Edited 1:35pm Feb 20, 2016 1:16pm | Edited 1:35pm
Quoting Mr. Pip
{quote} Hello, That trade was not a bad trade and remember that not every trade is going to be a winner. The only thing you might have given you a heads up to manage the trade aggressively was the extreme weakness that the bulls showed in the history. A bunch of 100% corrections and little to no ability to keep driving the bus up the hill. This showed severe breakdown in price. Price did however got it's act together and finally progressed into that NSN and your expectations were accurate. You just can't filter everything out.
Thanks for the clarification. Hope posting similar case studies are fine with you. Do you think the bears were too aggressive (in correction leg) and should have waited ?


Edit - 2nd pic is the counter trade against orderflow.... are they OK to take?
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  • #16,734
  • Feb 20, 2016 1:22pm Feb 20, 2016 1:22pm
From my perspective, there isn't enough projection to keep me interested in going long there. Too much depth. Even though momentum looked to be growing / strengthening, it looks to me more like a last attempt to drive price higher before the bulls get exhausted. True, we have hindsight to see that happen, but without looking ahead, that would be my assessment. I agree with your assessment of a deep correction. But even with the expectation of a NSH, it would be a very weak NSH, and I just don't think I would be interested in taking that risk.
Quoting hovedguy
Hi Mr. Pip Practicing as you said. Could you please point out why not to take this trade? {image}
Markets can remain irrational longer than you can remain solvent - JMK
  • #16,735
  • Feb 20, 2016 1:34pm Feb 20, 2016 1:34pm
Quoting Timwelch
From my perspective, there isn't enough projection to keep me interested in going long there. Too much depth. Even though momentum looked to be growing / strengthening, it looks to me more like a last attempt to drive price higher before the bulls get exhausted. True, we have hindsight to see that happen, but without looking ahead, that would be my assessment. I agree with your assessment of a deep correction. But even with the expectation of a NSH, it would be a very weak NSH, and I just don't think I would be interested in taking that risk. {quote}...
Hey Tim

Thanks for commenting. Do you have any Projection to depth ratio to take into consideration?
  • #16,736
  • Feb 20, 2016 2:46pm Feb 20, 2016 2:46pm
Quoting Mr. Pip
{quote} They leave foot prints on the chart. I don't really care where or why they do what they do but I do care about areas where decisions are going to be made. These are the areas I will teach you to identify and have an expectation for price when it gets there. As for retail pricing vs wholes pricing it really comes down to just that pricing. The wholesale pricing is where I'm teaching you all to buy or sell. This is the best place to engage. It offers the best risk / reward, retail trading are your breakout traders your head and shoulders,...
Nice I like it !!! Thx mr.Pip
Even though I walk through the darkest valley, I will fear no evil
  • #16,737
  • Feb 20, 2016 2:55pm Feb 20, 2016 2:55pm
Quoting stevepatt
{quote} Hi Mr. Pip; He isn't my main basis of Market knowledge but he explains in a way that is understandable. Here's another video, the guy is Gary Nordan, he has 24 years experience as a professional Trader. May be he has more credibility for you. https://www.youtube.com/watch?v=jBpPGAJD7gw
My friend, when you will understand that on another side is ppl, who doesn't have idea what is candle stick chart, trend line, even indicators. All what they have numbers and price levels. They have order book and all the positions from market, and expectation or information about future events.
technical analysis it is a way to understand what they do, and the opportunity to follow them

Why did u come here, to post all that crap. Don't waist your time posting and our time reading your posts.

We follow mr.Pip he is a great man, he gave us opportunity to make 5% every day. I am looking on my results and on your post, and laughing
Even though I walk through the darkest valley, I will fear no evil
  • #16,738
  • Feb 20, 2016 4:38pm Feb 20, 2016 4:38pm
Quoting monocor
{quote} My friend, when you will understand that on another side is ppl, who doesn't have idea what is candle stick chart, trend line, even indicators. All what they have numbers and price levels. They have order book and all the positions from market, and expectation or information about future events. technical analysis it is a way to understand what they do, and the opportunity to follow them Why did u come here, to post all that crap. Don't waist your time posting and our time reading your posts. We follow mr.Pip he is a great man, he gave us...
Hi monocor;

Can you enlighten me as to your professional Trading back ground please.

The Market insight you have must help focus your Trading decisions?
  • #16,739
  • Feb 20, 2016 5:18pm Feb 20, 2016 5:18pm
I don't have any statistics or long term analysis yet. I'm new to this awesome way of trading. :-) Form what I've seen so far, I'm less likely to risk my capital on a trade that has had a projection that is 1/3 or less of the depth of the previous correction. Like on the chart you posted before, where the last 2 corrections had a significantly higher depth-to-projection ratio. But, I could be wrong, and those could be the more profitable / less risky entries. Still learning. :-)

Quoting hovedguy
{quote} Hey Tim Thanks for commenting. Do you have any Projection to depth ratio to take into consideration?
Markets can remain irrational longer than you can remain solvent - JMK
  • #16,740
  • Feb 20, 2016 5:31pm Feb 20, 2016 5:31pm
Quoting stevepatt
{quote} Hi monocor; Can you enlighten me as to your professional Trading back ground please. The Market insight you have must help focus your Trading decisions?
How, hmmm, I follow mr.Pip and thats it
We are retail traders, it is tottally different world. Look on the chart, do you see where is CBS placed 10M order on the market ? I don't! So how you can look for something which you dont know
Even though I walk through the darkest valley, I will fear no evil
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