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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

  • #17,221
  • Feb 25, 2016 5:57am Feb 25, 2016 5:57am
Good morning Mr Pip, Hi everyone

I posted a EUR/USD 1 min chart that shows the current price (it is about 3 hours and 45 mins after Londons' open, February 25 of course)

Probably when you see it, price will have done what has to be done..
But ,looking at this chart i 'd like to know if you would enter long or short (or nothing and wait extra confirmation)

On the chart i have made some notes and my analysis with the support/resist boxes, retracements etc..

anyone that wants to tell me his opinion (having the chart as it is ,without cheating)is very very welcome.!!

Good day,Good trading
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learn more , earn more
  • #17,222
  • Feb 25, 2016 6:22am Feb 25, 2016 6:22am
Quoting Mack2013
{quote} Awesome job Mr.Pip. Outstanding. I've seen a lot of nice trading today from you guys. I've been keeping up with the thread at work. I know I haven't posted much lately, my slave life has crushed my trading time but I am following religiously and practicing lots. Just want to let you know, Mr.Pip, that I'm still soaking in the information and I'm very appreciative. I'm hoping to put up some live trades in the next couple of weeks Anyway EURUSD - 15M {image}
Very nice analysis Mack. My losing trade yesterday was in a very similar situation if you remember in the complex correction video. I said that after an expectation failure the first correction is usually deep and complex. I too the shallow entry on the small complex correction as I felt the structure area would hold. I got stopped out and then re entered on the deep rotation for a 93 point run. Your zones are great.
If you fail to plan, you plan to fail.
  • #17,223
  • Feb 25, 2016 6:27am Feb 25, 2016 6:27am
Quoting GnG
Good morning Mr Pip, Hi everyone I posted a EUR/USD 1 min chart that shows the current price (it is about 3 hours and 45 mins after Londons' open, February 25 of course) Probably when you see it, price will have done what has to be done.. But ,looking at this chart i 'd like to know if you would enter long or short (or nothing and wait extra confirmation) On the chart i have made some notes and my analysis with the support/resist boxes, retracements etc.. anyone that wants to tell me his opinion (having the chart as it is ,without cheating)is...
I would not go long or short. Expectation is for a weak pullback and there is good structure to support the long position where you have the line drawn. The issue is that you do not have enough room to protect your trade. You would be trading into some pretty good structure.
If you fail to plan, you plan to fail.
  • #17,224
  • Feb 25, 2016 7:44am Feb 25, 2016 7:44am
Quoting Mr. Pip
{quote} I would not go long or short. Expectation is for a weak pullback and there is good structure to support the long position where you have the line drawn. The issue is that you do not have enough room to protect your trade. You would be trading into some pretty good structure.
..market did exactly as you said and respected that line of structure

i don't get what you mean when say that i'' do not have enough room to protect the trade'' .Maybe is something that will be covered in your next videos.

..As you see ,i can make the structure analysis,identify the swings as you teached ,find the boxes of resistance and support,have and expectation depending on retracements and projections but,
when it comes the time to enter the market (real time) i get confused and don't know what to do since i have reasons for entering long and short..
learn more , earn more
  • #17,225
  • Feb 25, 2016 8:01am Feb 25, 2016 8:01am
Before and after. This stuff is empowering. When you get a chance Mr. Pip maybe you could chime in and tell me if my thought process was correct?
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  • #17,226
  • Feb 25, 2016 8:07am Feb 25, 2016 8:07am
First trade from me -

AUDUSD with the support and resistance respected when I exited
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  • #17,227
  • Feb 25, 2016 8:07am Feb 25, 2016 8:07am
live YM.
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  • #17,228
  • Feb 25, 2016 8:11am Feb 25, 2016 8:11am
​Also one of the DOW march futures, currently 13 or so points up

Expecting a test of the Structure high, as there seems to be a bit of support in there, so may just take the profits, lets see how price acts.

I have also gone back to using the 5 min t/f, as I can read price a bit better, and the PA formations... waiting for the bar by bar anxiously!

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  • #17,229
  • Feb 25, 2016 8:27am Feb 25, 2016 8:27am
Quoting GnG
{quote} ..market did exactly as you said and respected that line of structure i don't get what you mean when say that i'' do not have enough room to protect the trade'' .Maybe is something that will be covered in your next videos. ..As you see ,i can make the structure analysis,identify the swings as you teached ,find the boxes of resistance and support,have and expectation depending on retracements and projections but, when it comes the time to enter the market (real time) i get confused and don't know what to do since i have...
Room to protect the trade means getting to a break even position. I there is little to no room to remove risk or trading right into a structure area I pass on the opportunity and wait for the next one. As far as having reasons to go long and short, I would advise you to trade in the direction of the expectation of the NSH or NSL whichever is the expectation that is on the table.

Does my answer make sense to you?
If you fail to plan, you plan to fail.
  • #17,230
  • Feb 25, 2016 8:40am Feb 25, 2016 8:40am
Quoting lKeithStone
Before and after. This stuff is empowering. When you get a chance Mr. Pip maybe you could chime in and tell me if my thought process was correct? {image} {image}
Yes Keith well done isn't this stuff awesome? Your expectation of a deep correction would be consistent with mine what I would mention is that there was some pretty strong strength towards the later part of the swing which may weaken that correction some what. Find the strongest structure zone mid to deep on the corrections and look for opportunities in that area. If the bears aggressively sell the correction pass on it. There should not be strong momentum on the correction.
If you fail to plan, you plan to fail.
  • #17,231
  • Feb 25, 2016 8:40am Feb 25, 2016 8:40am
Quoting rolandW
First trade from me - AUDUSD with the support and resistance respected when I exited {image}
Great work Roland
If you fail to plan, you plan to fail.
  • #17,232
  • Feb 25, 2016 8:42am Feb 25, 2016 8:42am
Quoting ujku80
live YM. {image}
Awesome, you guys are having all the fun today. I can't trade today My wife is having a medical procedure and I'm in a waiting room. but at least I can hang out here and chat with you guys.
If you fail to plan, you plan to fail.
  • #17,233
  • Feb 25, 2016 8:46am Feb 25, 2016 8:46am
Quoting rolandW
​Also one of the DOW march futures, currently 13 or so points up Expecting a test of the Structure high, as there seems to be a bit of support in there, so may just take the profits, lets see how price acts. I have also gone back to using the 5 min t/f, as I can read price a bit better, and the PA formations... waiting for the bar by bar anxiously! {image}
Will come soon, the beauty is that a chart is a chart we have the skill and expertise to trade anything that has a chart and on any time frame. How powerful is that? The beauty of true technical analysis and Harmonics!!!!
If you fail to plan, you plan to fail.
  • #17,234
  • Feb 25, 2016 8:46am Feb 25, 2016 8:46am
Quoting Mr. Pip
{quote} Awesome, you guys are having all the fun today. I can't trade today My wife is having a medical procedure and I'm in a waiting room. but at least I can hang out here and chat with you guys.
​Hope she is ok, and hope you are too, always nerve racking when you are doing the waiting...
  • #17,235
  • Feb 25, 2016 8:48am Feb 25, 2016 8:48am
How funny there are two people here talking about day trading. They are not making much sense if they only new.
If you fail to plan, you plan to fail.
  • #17,236
  • Feb 25, 2016 8:49am Feb 25, 2016 8:49am
Quoting rolandW
{quote} ​Hope she is ok, and hope you are too, always nerve racking when you are doing the waiting...
Yes, nothing to worry about but needed to be done. Thanks!!!
If you fail to plan, you plan to fail.
  • #17,237
  • Feb 25, 2016 8:55am Feb 25, 2016 8:55am
How are you all coming with the support and resistance zones? From what I can see they are working well and overall they are being drawn well to. I'm wondering if I can skill the video I told you I would make on zones and entries and cover this in the Bar by Bar? I think it will add more value since bar by bar is critical to time the entry? Please let me know your thoughts.
If you fail to plan, you plan to fail.
  • #17,238
  • Feb 25, 2016 9:01am Feb 25, 2016 9:01am
Quoting Mr. Pip
How are you all coming with the support and resistance zones? From what I can see they are working well and overall they are being drawn well to. I'm wondering if I can skill the video I told you I would make on zones and entries and cover this in the Bar by Bar? I think it will add more value since bar by bar is critical to time the entry? Please let me know your thoughts.
I'm drawing zones on my chart seems to be going okay.

I can wait until the bar by bar video, which is coming soon I hope. Besides its already Thursday! We can wait a few more days. Whatever keeps everything organized and is useful.
  • #17,239
  • Feb 25, 2016 9:03am Feb 25, 2016 9:03am
Quoting lKeithStone
Before and after. This stuff is empowering. When you get a chance Mr. Pip maybe you could chime in and tell me if my thought process was correct? {image} {image}
@KeithStone: Thx for showing that. Concerning the zone it helped. I applied that I have understood to e/u 5min TF and I could make 14pips. The trade was a simple price rejection in a general down move (retest of the zone) and further below a strong demand zone which stopped the move.

Can you tell me how to draw arrows in MT4? (it would complete my charts)


Thank you

I appreciate the input and the charts of all.
  • #17,240
  • Feb 25, 2016 9:10am Feb 25, 2016 9:10am
Quoting Mr. Pip
How are you all coming with the support and resistance zones? From what I can see they are working well and overall they are being drawn well to. I'm wondering if I can skill the video I told you I would make on zones and entries and cover this in the Bar by Bar? I think it will add more value since bar by bar is critical to time the entry? Please let me know your thoughts.
personally to me, both S&D zones or S&R lines are working well. I'm not sure about the others following you, but for me it is time to move to the next step.

here are my zones for the time being. btw that live was closed with +20 pips (saw market coming at me and close it before it hit my BE.)
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