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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

  • #16,921
  • Feb 22, 2016 9:29am Feb 22, 2016 9:29am
Quoting Mr. Pip
First trade got taken out by one tick but the second erased the loss basically so no big deal I broke my rule on the trade management side because I don't trade during this time and the market was extremely weak today. I had the opportunity to have a BE for the day so I made a command decision. here are the entries and TP {image}
Thanks for sharing your trades in real time, gives me a lot of insight how do you see PA in short term.
  • #16,922
  • Feb 22, 2016 9:31am Feb 22, 2016 9:31am
I will be back later to make the Supply / Demand Video.

I'm seeing lots of great trading and the decision making process sharpen. You all are becoming skilled traders for sure. I'm so pleased that I'm a part of this positive change. I hope all of the doubts are gone and that profitable trading is not a myth. I am the needle in the hay stack that has offered you the keys to the kingdom. Some will never get it no matter what we show or put in that little box between the ears but, those of you that are patience and study will find living the dream so many fail at.
If you fail to plan, you plan to fail.
  • #16,923
  • Feb 22, 2016 9:35am Feb 22, 2016 9:35am
Quoting Mr. Pip
I will be back later to make the Supply / Demand Video. I'm seeing lots of great trading and the decision making process sharpen. You all are becoming skilled traders for sure. I'm so pleased that I'm a part of this positive change. I hope all of the doubts are gone and that profitable trading is not a myth. I am the needle in the hay stack that has offered you the keys to the kingdom. Some will never get it no matter what we show or put in that little box between the ears but, those of you that are patience and study will find living the dream...
AMEN !!!
  • #16,924
  • Feb 22, 2016 9:47am Feb 22, 2016 9:47am
Taken out +23 points
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  • #16,925
  • Feb 22, 2016 9:49am Feb 22, 2016 9:49am
Thought I would have a go, its against order flow but we often get changes of direction late in the day I think you would call it an aggressive C buy and there is some structure. Small risk
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  • #16,926
  • Feb 22, 2016 9:56am Feb 22, 2016 9:56am
Quoting Ren1058
Thought I would have a go, its against order flow but we often get changes of direction late in the day I think you would call it an aggressive C buy and there is some structure. Small risk {image}
What currency and timeframe is it?
Rise and rise again until lambs become lions
  • #16,927
  • Feb 22, 2016 9:59am Feb 22, 2016 9:59am
Only a 1:1 risk reward?
Quoting Mr. Pip
First entry of the day. {image}
Markets can remain irrational longer than you can remain solvent - JMK
  • #16,928
  • Feb 22, 2016 10:11am Feb 22, 2016 10:11am
tp was 1,27 fib ext but trailed it after noticing the possible double top and that it could be just a brief take profit event this late in the day, good fun, its EUR 5min took 11 pips and my stop was 3 pips!
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  • #16,929
  • Feb 22, 2016 10:14am Feb 22, 2016 10:14am
Quoting Timwelch
Only a 1:1 risk reward? {quote}
No Tim, my entry on the ATM is preset at 40 and 40, I then adjust it. The later posting reflect the TP
If you fail to plan, you plan to fail.
  • #16,930
  • Feb 22, 2016 10:27am Feb 22, 2016 10:27am
Another bite at the cherry? buy stop 1.011 eur 5, 3 pip stop
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  • #16,931
  • Feb 22, 2016 11:06am Feb 22, 2016 11:06am
Quoting Mr. Pip
{quote} Okay I will. In the meantime try this exercise go back into the history of price action and look at the swings when you see a deep correction look at the order flow of the last couple of swings that got you there and review who was gaining strength and who was gaining strength. Review the Momentum, Projection and Depth of those swings. Review the short term structure in those corrections this will help train your eye to identify and assess what kind of structure usually hold price. This can be a painful exercise but what you will get out...
Hello Mr. Pip

Could you please do this as well when you get some free time? Many thanks in advance
  • #16,932
  • Feb 22, 2016 11:35am Feb 22, 2016 11:35am
Hi Damian,
I hope i'm getting the logic behind your explanation. I joined the forum just about an hour ago after seeing your thread. Thanks for your help.
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  • #16,933
  • Feb 22, 2016 12:13pm Feb 22, 2016 12:13pm
Quoting Driiiv3
Hi Damian, I hope i'm getting the logic behind your explanation. I joined the forum just about an hour ago after seeing your thread. Thanks for your help. {image}
@Driiiv: your labelling is not right. Within a NSH - NSL, you cannot have another NSH. It is a "lower high" (LH).

If I am right, your went for a buy. It would be better to look for a sell point (avoid to trade against the overall trend).

There are videos about these subjects.
  • #16,934
  • Feb 22, 2016 12:36pm Feb 22, 2016 12:36pm
Quoting Driiiv3
Hi Damian, I hope i'm getting the logic behind your explanation. I joined the forum just about an hour ago after seeing your thread. Thanks for your help. {image}
Looks good welcome aboard.
If you fail to plan, you plan to fail.
  • #16,935
  • Feb 22, 2016 12:38pm Feb 22, 2016 12:38pm
Quoting evocpr19
{quote} @Driiiv: your labelling is not right. Within a NSH - NSL, you cannot have another NSH. It is a "lower high" (LH). If I am right, your went for a buy. It would be better to look for a sell point (avoid to trade against the overall trend). There are videos about these subjects.
The swings can be labeled like that. It does not matter how detailed a trader want to be only how busy. The swing did achieve the proper closes from what I can see.
If you fail to plan, you plan to fail.
  • #16,936
  • Feb 22, 2016 12:41pm Feb 22, 2016 12:41pm
Quoting hovedguy
{quote} Hello Mr. Pip Could you please do this as well when you get some free time? Many thanks in advance
I just finished the video I is rendering which takes forever like my trades today but the second one went on to complete. Figures LOL. If you are not satisfied with it on the video let me know and I will put something together. I believe the video will address your concerns.
If you fail to plan, you plan to fail.
  • #16,937
  • Feb 22, 2016 12:43pm Feb 22, 2016 12:43pm
Supply and Demand

The more and more information you use to try to find a trading opportunity, the less likely that you are going to be focusing on the one true thing that will always give you the clearest idea of price action, mainly price itself. By focusing on the ancient laws of supply and demand, you respect price and price alone and also the dynamics which dictate the movement of price in any free-flowing market. At the end of the day, if I’m going to make a decision whether or not to buy or sell a currency pair, I want to make a decision based upon the hard evidence that is clearly in front of me. Price is the only thing that will give me that information. What becomes obvious when you start to incorporate an understanding of supply and demand onto a price chart, is that you can actually see when major activities of buying and selling have taken place on the charts and if you look at this the right way, you can also understand what this means for upcoming trades as well. Would it not make sense to buy in an area where demand has shown itself to be greater than supply? Would it also not make sense to be selling at an area where supply has shown itself to be greater than demand? The rules clearly state that if demand is greater than supply prices must go up and if supply is greater than demand prices must go down. Our job as objective and disciplined traders is to simply incorporate this dynamic into our trading activity with confluence of ratios and or harmonic patterns.

We also have basic and powerful expectations for Supply and Demand Zones. Support and Resistance is basically the same as Supply and Demand but on a much smaller scale. While Supply and Demand Zone are more visible across larger time spans weeks, months even years, Support and Resistance are more on the immediate a smaller time span of a couple of days or even swings. They do however share something in common and that is our expectation from them.

  1. Supply and Demand Zones are expected to hold unless they are approached with strength. We must also evaluate how these zones have held up to strong attacks from the past and consider the strength of the order flow when the zone being tested.
  2. Support and Resistance share the same basic expectation aspects as Supply and Demand but on a more current scale. We are basically addressing local intraday levels and swing highs and lows. The expectation is the same. They are expected to hold unless they are approached with strong order flow.

If you fail to plan, you plan to fail.
  • #16,938
  • Feb 22, 2016 12:44pm Feb 22, 2016 12:44pm
The video will take a while to produce but start with the explanation.
If you fail to plan, you plan to fail.
  • #16,939
  • Feb 22, 2016 12:50pm Feb 22, 2016 12:50pm
Quoting ujku80
{quote} ok , this is fun. another BE trade. I'm tired today apparently. wish better luck to you guys. cheers
Lol, I have to say I have had a similar day!! 6 trades in at BE +1/2 and three of these missed TP by about 1 pip, plus a losing trade. Looks like I will finish a pip or 2 down on the day as the slight profits from BEs mostly made up for my loss.

Could have quite easily been 60-80 pips today 😂
  • #16,940
  • Feb 22, 2016 1:08pm Feb 22, 2016 1:08pm
Quoting PipTrendz
{quote} Lol, I have to say I have had a similar day!! 6 trades in at BE +1/2 and three of these missed TP by about 1 pip, plus a losing trade. Looks like I will finish a pip or 2 down on the day as the slight profits from BEs mostly made up for my loss. Could have quite easily been 60-80 pips today 😂
Don't sweat it some days that's how it roles. I had a tough one two. It means nothing.
If you fail to plan, you plan to fail.
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