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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

  • #17,281
  • Feb 25, 2016 10:36pm Feb 25, 2016 10:36pm
Quoting Masterrmind
EURUSD [M15] - outlook {image} 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...
is that make an ABCD pattern?
Less tools, more clear to see
  • #17,282
  • Feb 25, 2016 10:41pm Feb 25, 2016 10:41pm
Quoting Mack2013
{quote} 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.... {image}
If i'm okay to describe my understanding how to benefit with bar by bar analysis which is difficult to follow bar by bar, it will more powerful if we combine with area of confluence of our S/T orderflow.

I remember once @Timwelch decision process http://www.forexfactory.com/showthread.php?p=8774220#post8774220
He take his decision in rotation area with similar bar by bar turning point analysis.

Maybe Mr pip may comment my understanding. Maybe i wrong indeed, but i will try to accomplish every single learning process until i got it "click".
  • #17,283
  • Feb 25, 2016 10:49pm Feb 25, 2016 10:49pm
Quoting sasongko10
{quote} is that make an ABCD pattern?
There are multiple ABCD patterns on the posted EURUSD Chart both outer and inner (external and internal).

Masterrmind..........
Master your Mind then Master your Trades
  • #17,284
  • Feb 25, 2016 11:48pm Feb 25, 2016 11:48pm
GBPUSD [M1 Chart]

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Great example of simply following the order flow down and how your chart analysis opens up the opportunity to short the cable (I did not trade this pair it is an example only!). Risk to reward also favorable ie at least a 1:1.

Incredible how effective this simple technique really is and how it can be applied to many different currency pairs, commodities and indices.

Masterrmind..........
Master your Mind then Master your Trades
  • #17,285
  • Feb 26, 2016 3:21am Feb 26, 2016 3:21am
Quoting stevepatt
This is meant to be constructive not destructive. Have you thought about using HTF Structure to Anticipate Market Reaction. The first D1 Chart below I posted in another thread but it highlights I was Anticipating Market Reaction at D1 Structure. By being aware of HTF Structure it gives you a solid Framework to Trade within on the LTFs. {image} {image} {image}
I think that is a traditional way to approach the markets, and I don't believe there is a wrong or right way to trade particularly... the only issue, is that becuase we are only trading order flow (essentially) we are reacting off short term sentiment, so trading only within a framework actually limits your ability to trade effectively.

It also causes confusion... after all, what does the Daily have to do with the 5 minute order flow - and more to the point, candles (time based, tick based, range, renko based or whatever) are built only to what limitation you want to put on them... whether it is a 1, a 4, a 233, and 10000... doesn't matter. What you can easily do is look back through any chart and see the longer term/HTF in any case. on a 1 minute TF, it is easy to take the open of candle one and the close of candle 2 to see the 2 minute candle structure... and 2 minutes to make a 4 minute.

The issue is, is that in the order flow analysis, you need to be focused on what you are trading, because you are only ever going to be trading 'in the moment'. why would you want to confuse yourself with more?

Your example is based on a different trading style than what is being taught here, although i can see some synergies in the basics... but you are trying to smash together two strategies, one which is dependent on longer term analysis, and one which is a 'now' analysis. We only need to know what the last Structure was to get an expectation, and build up a case for entry at some point from that point, keeping it simple is the key to this. Longer term order flow is already 'built in' to the short term order flow and vice versa... The same thing as Damian says about news items... it shouldn't matter, because the order flow reacts to the news... the same way as it will react to the longer term order flow.

Does that make sense?
  • #17,286
  • Feb 26, 2016 4:37am Feb 26, 2016 4:37am
Quoting Mr. Pip
{quote} You got the first part right but not sure what you are saying in the second part. Support and resistance areas are where decisions are going to be made so if you are trading into this area you want to have enough room to protect your trade in case the masses decide to go against you.
Thank you for your answer ,
at least i am sure that i got the first part.

Now i 'll be studying your new video and i ll be back (that's not a threat ) to re ask my question in a future post.

have a nice day!!
learn more , earn more
  • #17,287
  • Feb 26, 2016 5:06am Feb 26, 2016 5:06am
I wake up and I found a beatiful surprise

This week was amazing. 7 wins, 4 looses = +1050 pips

I know, I need to improve a lot of things (better analisys and improve entries at wholesale), but I am very happy with the results
I moved stop loss and I am out until monday.

Thank you to all of you for share your graphics,
and special thank (again, again and again) to MrPip for this amazaing thread, I feel like at home
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  • #17,288
  • Edited 6:16am Feb 26, 2016 5:21am | Edited 6:16am
Good Morning all. Just making it up to 2nd video ( very well done btw ). Still have 65 pages to catch up, but here is my understanding of what is going on so far. Look forward to comments/corrections.

Edit: Errors: missed an LH between 2nd last and last NSL's. Should there be a failed HL between 1st NSH and first HL ?
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  • #17,289
  • Feb 26, 2016 5:22am Feb 26, 2016 5:22am
this is the best education a trader can get,your structure analysis and order flow expectation explains why some thing happens and why some dont,i have read and watch something close to this before from wyckoff analysis by David weis trades about to happen but its with Volume bar analysis kind of did not understand it but with this your explanation it make is crystal clear i will be posting my trade as time goes on too , thanks Damilan mr pip
All market movement are as a result of supply and demand
  • #17,290
  • Feb 26, 2016 5:32am Feb 26, 2016 5:32am
Quoting Masterrmind
EURUSD [M15] - outlook {image} 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...
EURUSD [M15 Chart] .... Update

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Looking for an opportunity to go long but being patient and giving the entry some time because I don't want to see the bears come in with force along that trendline ...........

Observation time but the setup does have a good feel about it although USD news due out soon and it is the last trading day of the week so we shall see!

Masterrmind............
Master your Mind then Master your Trades
  • #17,291
  • Feb 26, 2016 6:06am Feb 26, 2016 6:06am
Quoting Masterrmind
{quote} EURUSD [M15 Chart] .... Update {image} Looking for an opportunity to go long but being patient and giving the entry some time because I don't want to see the bears come in with force along that trendline ........... Observation time but the setup does have a good feel about it although USD news due out soon and it is the last trading day of the week so we shall see! Masterrmind............
EURUSD [M1 Chart]

A look from an M1 EU Chart........

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Masterrmind...........
Master your Mind then Master your Trades
  • #17,292
  • Feb 26, 2016 7:05am Feb 26, 2016 7:05am
Quoting Masterrmind
{quote} EURUSD [M1 Chart] A look from an M1 EU Chart........ {image} Masterrmind...........
EURUSD [M15] .... update

The bears have shown strong intent to drive price down ... lets see how far they take it.

Patience pays.......

Masterrmind.........
Master your Mind then Master your Trades
  • #17,293
  • Feb 26, 2016 7:06am Feb 26, 2016 7:06am
Great video Mr. Pip.... Thanks


1st trade..
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  • #17,294
  • Feb 26, 2016 7:28am Feb 26, 2016 7:28am
Damian, very nice video. 70 to 75% in our favor with structural analysis, 75% with order flow and 75% with bar by bar, the percentages are with us.
  • #17,295
  • Feb 26, 2016 7:37am Feb 26, 2016 7:37am
Quoting Masterrmind
{quote} EURUSD [M15] .... update The bears have shown strong intent to drive price down ... lets see how far they take it. Patience pays....... Masterrmind.........
EURUSD [M15 Chart]........... no entry

Bears got hold propelled by the USD news.

Short trades possible but not without plenty of risk under the prevailing conditions so until next week...........

.........Have a great weekend all.......

Trade well!

Masterrmind...........
Master your Mind then Master your Trades
  • #17,296
  • Feb 26, 2016 7:50am Feb 26, 2016 7:50am
Quoting hovedguy
Great video Mr. Pip.... Thanks 1st trade.. {image}
Exit at +36, bar by bar analysis
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  • #17,297
  • Feb 26, 2016 7:58am Feb 26, 2016 7:58am
Good Morning Traders,

I hope the Bar by Bar is helping with the timing of the entries. Let's see what the market offers today. I will be catching up a bit and will be looking for opportunities after 9:30 market open.
If you fail to plan, you plan to fail.
  • #17,298
  • Feb 26, 2016 8:11am Feb 26, 2016 8:11am
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?
No, rotation occurs when you have a candle that opens and doesn't try to trade above or below the previous candle and closes beyond the 50% of the previous candle.
If you fail to plan, you plan to fail.
  • #17,299
  • Edited 8:34am Feb 26, 2016 8:12am | Edited 8:34am
Dear Mr. Pip,

since you are trading the dow (i hope it is the same as US30), here my expectation. Us30 is jumping hugely at market start.

After the local short term order flow of NSH => deep correction (did thought process before screenshot)
looking for new NSH

Are any issues with my zones? (Update: I reduced in meantime the thickness of the box @78.6 fib, was too thick )
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  • #17,300
  • Feb 26, 2016 8:15am Feb 26, 2016 8:15am
Quoting sasongko10
Thanks for another great video Mr. Pip, by the way how about this setup {image}
Tell me what you feel you are looking at there and if you are happy with your XA anchor leg?
If you fail to plan, you plan to fail.
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