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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

  • #17,261
  • Feb 25, 2016 3:57pm Feb 25, 2016 3:57pm
Quoting Mr. Pip
{quote} Hello and welcome. Please go to the first page and start at the link. I have started a more formal training.
Ok thank you. Does that mean to ignore everything from the start ?
  • #17,262
  • Feb 25, 2016 3:58pm Feb 25, 2016 3:58pm
Quoting Mr. Pip
Bar by bar is coming out tonight so stay tuned its in the rendering process.


Also, thanks very much for looking over my trading plan!! I have to admit I feel a bit more official now that I have one in writing, even if it's a sketchy one.

Lots of green pips for me today! I could not be happier with all of this. Thank you seems inadequate.
  • #17,263
  • Feb 25, 2016 4:01pm Feb 25, 2016 4:01pm
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}
Great analysis - very coherent.

what instrument / pair are you using
  • #17,264
  • Feb 25, 2016 4:13pm Feb 25, 2016 4:13pm
Quoting Mack2013
{quote} Great analysis - very coherent. what instrument / pair are you using
Thanks @Mack2013!

That's a 15min chart of AU.
  • #17,265
  • Feb 25, 2016 4:16pm Feb 25, 2016 4:16pm
Quoting Mack2013
{quote} uhmmmm. maybe your right. price is forming a very difficult complex correction. I kind of expect for a break higher then an immediate decline in price but maybe the correction hasn't finished yet. heres kind of what I'm looking at now. Good thing FF has spell check, my spelling is horrible. P.S. I hope your wife's medical procedure went okay. {image}
Very complex in deep but agree with you. It should go up. Very thorough nice work!
If you fail to plan, you plan to fail.
  • #17,266
  • Feb 25, 2016 4:16pm Feb 25, 2016 4:16pm
Quoting vatordude
{quote} Ok thank you. Does that mean to ignore everything from the start ?
no just put it aside we will get back to it.
If you fail to plan, you plan to fail.
  • #17,267
  • Feb 25, 2016 4:17pm Feb 25, 2016 4:17pm
Quoting Harmonic07
I have a very good setup- Bat pattern on oil here http://financialwhirlpool.com/index.php/2016/02/25/1508/ {image}
From an auction perspective price is within a range on the monthly TF and rotating between cheap and high price also known as Value area high and Value area low. Supply and demand zones are in magenta. That's my expectation so far.

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  • #17,268
  • Feb 25, 2016 4:17pm Feb 25, 2016 4:17pm
Quoting beepbop2015
{quote} Also, thanks very much for looking over my trading plan!! I have to admit I feel a bit more official now that I have one in writing, even if it's a sketchy one. Lots of green pips for me today! I could not be happier with all of this. Thank you seems inadequate.
Awesome!!
If you fail to plan, you plan to fail.
  • #17,269
  • Feb 25, 2016 4:24pm Feb 25, 2016 4:24pm
Well Traders, Bar by Bar is here.

This is like order flow a bit difficult and will take some time to master. This will be a two step process. I want you all to see the power of Bar by Bay Analysis on it's own and in a couple of day I will make a video tying it all together to what you have already learned. I was able to identify swing highs and lows with a 75% accuracy only with Bar by Bar that will help tremendously with helping you time your entrances. The video is almost dome rendering so it should be up in the next hour.
If you fail to plan, you plan to fail.
  • #17,270
  • Feb 25, 2016 4:26pm Feb 25, 2016 4:26pm
Bar By Bar Analysis:

The analysis we have conducted so far is an assessment and tells us with very high degrees of probability the likely future order flow direction. We will be updating this assessment bar by bar as new data unfolds. The advantage to this is that if we are wrong, we will be able to see it in a very timely manner, allowing us to reassess and adjust our expectations. And if we are right be prepared for any trading opportunity that will present, as price follows our expected path.

Our initial analysis resulted in an initial assessment of future order flow. Ongoing analysis requires a bar by bar reassessment of our previous analysis, as more price action unfolds on the right hand side of our charts.

New data will arrive, one candle at a time. Each new candle being a source of information; most of which will offer nothing new or relevant; but some of which will alter our analysis, either strengthening or weakening our assessment of the market and its future order flow.

Every new candle has significance. Failing to monitor price with each new candle means you will be forced to be reactionary – surprises by price action developments and chasing price after they’ve become obvious.

Ongoing monitoring ensures we maintain focus and maintain situational awareness – staying ahead of the current price action – assessing where it’s likely to travel, how that will impact the decision making of other traders, and where that will create trading opportunities.

Ongoing price analysis can be conducted on all time frames; however our main interest is with the trading time frame. We question every candle, to determine what it means with regards to the shift in sentiment between the bulls and the bears; and whether or not it changes our expectation for the future.

This Bar by Bar Analysis is how we assess the price action within the Price Reversal Zone (PRZ). And the most important source of information in making a trading decision once a pattern has completed or a trading opportunity presents itself.
If you fail to plan, you plan to fail.
  • #17,271
  • Feb 25, 2016 4:30pm Feb 25, 2016 4:30pm
Quoting Mr. Pip
Well Traders, Bar by Bar is here. This is like order flow a bit difficult and will take some time to master. This will be a two step process. I want you all to see the power of Bar by Bay Analysis on it's own and in a couple of day I will make a video tying it all together to what you have already learned. I was able to identify swing highs and lows with a 75% accuracy only with Bar by Bar that will help tremendously with helping you time your entrances. The video is almost dome rendering so it should be up in the next hour.
Woohoo!
Attached Image
  • #17,272
  • Feb 25, 2016 4:34pm Feb 25, 2016 4:34pm
Quoting lKeithStone
{quote} Woohoo! {image}
If you fail to plan, you plan to fail.
  • #17,273
  • Feb 25, 2016 4:38pm Feb 25, 2016 4:38pm
Quoting lKeithStone
{quote} Woohoo! {image}
nice!!
  • #17,274
  • Feb 25, 2016 4:58pm Feb 25, 2016 4:58pm
Here is the video.

https://www.youtube.com/watch?v=d-HZ3fDyRCc
If you fail to plan, you plan to fail.
  • #17,275
  • Feb 25, 2016 7:13pm Feb 25, 2016 7:13pm
Mr. Damian, Could you explain rotation?

Is it when, for example, that you're expecting a bearish candle and the next candle closes bullish BEYOND the opening of the previous (bearish) candle?
  • #17,276
  • Feb 25, 2016 7:22pm Feb 25, 2016 7:22pm
Quoting Mr. Pip
Well Traders, Bar by Bar is here. This is like order flow a bit difficult and will take some time to master. This will be a two step process. I want you all to see the power of Bar by Bay Analysis on it's own and in a couple of day I will make a video tying it all together to what you have already learned. I was able to identify swing highs and lows with a 75% accuracy only with Bar by Bar that will help tremendously with helping you time your entrances. The video is almost dome rendering so it should be up in the next hour.
Great! Can't wait to watch the video.... was going to go to sleep, but now I have to watch it first. It is like an early xmas present!
  • #17,277
  • Edited 8:04pm Feb 25, 2016 7:49pm | Edited 8:04pm
Quoting Mr. Pip
Here is the video. https://www.youtube.com/watch?v=d-HZ3fDyRCc
Great video. Marking the turning points as practice is a great idea.
  • #17,278
  • Feb 25, 2016 8:01pm Feb 25, 2016 8:01pm
Thanks for another great video Mr. Pip, by the way how about this setup
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Less tools, more clear to see
  • #17,279
  • Feb 25, 2016 8:03pm Feb 25, 2016 8:03pm
Quoting Harmonic1976
Mr. Damian, Could you explain rotation? Is it when, for example, that you're expecting a bearish candle and the next candle closes bullish BEYOND the opening of the previous (bearish) candle?
sorry for interrupting and, Damian, correct me if I'm wrong....

Rotation is the area where selling pressure overcomes buying pressure and vise versa. Like a pivot point but its the area

I believe you can separate the distinction between short term and long term rotation based off areas you've identified with your expectations.

I may be wrong tho, so please wait for confirmation....
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  • #17,280
  • Feb 25, 2016 8:20pm Feb 25, 2016 8:20pm
EURUSD [M15] - outlook

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Mapping out expectations of price in and around zones of S+R including levels where I expect price to reach.

The analysis might start to look complicated but its not really... its simply plotting out 1 to 1 moves within the larger swings and following price.

The use of appropriate trend lines can also be quite useful.

On an M15 Chart though and especially on this pair at this time of the trading day it can feel like you are watching grass grow (ie damn slow) but no matter its the process and having your expectations met along the way that gives you the confidence to open up a good trade entry.

If you want more action drop down to a lower TF and analyze that chart and then compare it to the higher TF chart you just analyzed... you should find it very interesting and you'll see the smaller 1:1 legs.

I don't care how much time I spend following price across the chart or how long it takes to have my expectations met what I do care about is being patient enough to wait for an entry that looks right!

Quality rather than quantity!

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