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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

  • #18,541
  • Mar 23, 2016 9:59am Mar 23, 2016 9:59am
Quoting Georji
{quote} i understand,, looking at the live market now it looks like it is trying to push up so you never know may be you got it right. good luck with it anyway and welcome to the thread
Thank u!!!
  • #18,542
  • Mar 23, 2016 10:20am Mar 23, 2016 10:20am
somehow still in this. Any day now...
Attached Image (click to enlarge)
Click to Enlarge Name: YM 06-16 (233 Tick) 3_23_20162.jpg Size: 160 KB
  • #18,543
  • Mar 23, 2016 10:23am Mar 23, 2016 10:23am
Quoting SteeP7
somehow still in this. Any day now... {image}
I was just wondering if you were still in this lol.

I know if it were me I'd have covered by now.

Congrats for holding
  • #18,544
  • Mar 23, 2016 10:33am Mar 23, 2016 10:33am
Quoting jmezz
{quote} I was just wondering if you were still in this lol. I know if it were me I'd have covered by now. Congrats for holding
lol well its been a painfull rollercoaster of an experience. But w/e trying to stay cool
  • #18,545
  • Mar 23, 2016 10:35am Mar 23, 2016 10:35am
Quoting Earleone
{quote} Tnx, It works for me now {image}
that's good. I like the ruler and the axis showing the difference in pips from the entry to stop and to target also.

Quoting Earleone
{quote} One bad entry on cable ( It happens that they run it down down down at Frankfurt open session . Took it out at the long bar up to resistance area. Got a nice turn candle and entered again and it was taken out at trailstop. Re.entry again so lets see . Down a little bit more then 4 pips for the day.
nice trades you got today. E/U tricked me for a short after it made that NSH, and I entered long at just above support, but lost that one (-10 pips). I entered short after on test of supply zone, risking again very little, but closed because news were approaching and everything could have happened. now it seems that EU is headed to test that area again. let's see
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  • #18,546
  • Mar 23, 2016 10:39am Mar 23, 2016 10:39am
Actually SteeP your chart made me realize that I completely misread price action today.

I used the leg that created the NSL (yellow swing) and once price closed above it (blue circle) and made a NSH, I then started looking for longs.

However apparently I should have used the entire leg as you did (white swing).

I just figured that I'm supposed to use the clear leg that creates the NSH or NSL which to me is the yellow.

Oh well. Going to review Mr Pip's vids on youtube tonight to see if there's something I'm missing. I'm still misreading which swings to use.

Also I notice that the plot executions will edit themselves from what they originally were. The prices are correct but where they plot on the chart and which bars they use are not correct after some time goes by. Interesting.
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  • #18,547
  • Mar 23, 2016 10:43am Mar 23, 2016 10:43am
Quoting jmezz
Actually SteeP your chart made me realize that I completely misread price action today. I used the leg that created the NSL (yellow swing) and once price closed above it (blue circle) and made a NSH, I then started looking for longs. However apparently I should have used the entire leg as you did (white swing). I just figured that I'm supposed to use the clear leg that creates the NSH or NSL which to me is the yellow. Oh well. Going to review Mr Pip's vids on youtube tonight to see if there's something I'm missing. I'm still misreading which swings...
You did the right thing i think. But also look to the larger swing as well so that things dont catch you off guard.
You had some opportunities to go long and make a profit as well. The market to me just looked bearish in the longer term.
  • #18,548
  • Mar 23, 2016 10:49am Mar 23, 2016 10:49am
Quoting Timwelch
Good morning everyone! I'm in the hospital for a "spontaneous pneumothorax" (lung collapse). I'll be catching up on the forum when I get time. Just wanted to let everyone know I'm still here. :-) {image}
I hope you get better soon Tim. we'll be here when u recover and we'll continue the fun together.
  • #18,549
  • Mar 23, 2016 10:49am Mar 23, 2016 10:49am
Quoting ujku80
{quote} that's good. I like the ruler and the axis showing the difference in pips from the entry to stop and to target also. {quote} nice trades you got today. E/U tricked me for a short after it made that NSH, and I entered long at just above support, but lost that one (-10 pips). I entered short after on test of supply zone, risking again very little, but closed because news were approaching and everything could have happened. now it seems that EU is headed to test that area again. let's see {image}
Tnx, I had qte simular as your last short. I trailed conservative and was stopped out for 5.1 pips for that one. Getting late in session so I am not sure I will take more entries Volatility has decreased too . But lets see.

PS: I will advice you to look support/resistance at round numbers carefully for eurusd and cable. It is very often important levels where price can behave different from expectation.
Attached Image (click to enlarge)
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Trading in the shadow of SM
  • #18,550
  • Mar 23, 2016 10:53am Mar 23, 2016 10:53am
Trailing hard. Ibelieve price wants to test the 17400 level.
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  • #18,551
  • Mar 23, 2016 10:56am Mar 23, 2016 10:56am
got taken out at 17420. im -18 for the day even after that 51 tick winner
  • #18,552
  • Mar 23, 2016 11:08am Mar 23, 2016 11:08am
Quoting jmezz
Actually SteeP your chart made me realize that I completely misread price action today. I used the leg that created the NSL (yellow swing) and once price closed above it (blue circle) and made a NSH, I then started looking for longs. However apparently I should have used the entire leg as you did (white swing). I just figured that I'm supposed to use the clear leg that creates the NSH or NSL which to me is the yellow. Oh well. Going to review Mr Pip's vids on youtube tonight to see if there's something I'm missing. I'm still misreading which swings...
I would view the white line clear swing low just to the left, with a LH and NSL to where it actually points to... that would make sense with the small projection and the deep PB, and weakening in the bears... but thats just what i see...
  • #18,553
  • Mar 23, 2016 11:19am Mar 23, 2016 11:19am
Thank you professor for letting me into your class even after the semester started. Looks like I have plenty of make up work to do, and I'm going to turn in every assignment ASAP.
  • #18,554
  • Mar 23, 2016 11:44am Mar 23, 2016 11:44am
Quoting Timwelch
Good morning everyone! I'm in the hospital for a "spontaneous pneumothorax" (lung collapse). I'll be catching up on the forum when I get time. Just wanted to let everyone know I'm still here. :-) In the meantime, I worked a little on my spreadsheet (I haven't had a chance to look at Mr. Pips forex spreadsheet yet, but I will soon.). On the daily page, I added colors and a little "estimated time to hit next level" based on averaging profit/loss sizes. Still tweaking but it looks fun for now. Remember, it's shared in View only mode, so Use "File->Make...
so we expect from you loads of videos while you are there so that you are not bored ,All the best with the process and quick recovery
  • #18,555
  • Edited 3:04pm Mar 23, 2016 12:03pm | Edited 3:04pm
now we should get on dow a deep retracement (expectation failure)?

long term expectation is a new NSL, but short term after a deep retracement a new NSH

Update: would have not worked out (the up wick would have hit my SL).
  • #18,556
  • Mar 23, 2016 12:05pm Mar 23, 2016 12:05pm
Quoting Earleone
{quote} . PS: I will advice you to look support/resistance at round numbers carefully for eurusd and cable. It is very often important levels where price can behave different from expectation. {image}
i do, but the thing is that every 10 pips you'll get a round number .
  • #18,557
  • Mar 23, 2016 12:11pm Mar 23, 2016 12:11pm
Quoting Earleone
{quote} Tnx, I had qte simular as your last short. I trailed conservative and was stopped out for 5.1 pips for that one. Getting late in session so I am not sure I will take more entries Volatility has decreased too . But lets see. PS: I will advice you to look support/resistance at round numbers carefully for eurusd and cable. It is very often important levels where price can behave different from expectation. {image}
tell me, how much do you love harmonics

now imagine when you get a double harmonic pattern. i guess everybody was looking for short, right after NSL..., yeah..not me.
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  • #18,558
  • Mar 23, 2016 12:35pm Mar 23, 2016 12:35pm
i just found the book from Ryan Jones on money management that Roland was talking about. i'm uploading it here so that everyone could have it. I found it for free in a web site by googling. enjoy!
Attached File(s)
File Type: pdf Ryan Jones - The Trading Game Playing by the Numbers to Make Millions.pdf   1.8 MB | 971 downloads
  • #18,559
  • Mar 23, 2016 12:38pm Mar 23, 2016 12:38pm
Quoting ujku80
{quote} i do, but the thing is that every 10 pips you'll get a round number .
Most important every 100 pips for euro and cable and ofcourse every 500 level like 1.1000 1.1500 1.2000 which mostly are broken on red news.

Nice long you took Very nice !!!
Trading in the shadow of SM
  • #18,560
  • Mar 23, 2016 12:47pm Mar 23, 2016 12:47pm
One question: I was watching the 1M EURUSD today, because trading 4H leaves me with a lot of time and I have holidays . This should be the timeframe relating to the 233 tick chart the closest, right? I found the price action quite choppy and a bit hard to read and remember Mr. Pip saying something of the sort too. Do I just have to get used to it or does not having a tick chart matter? Are there reliable tick charts available for free?

EDIT: Sorry, if this is too off-topic, I do not want to derail the discussion.
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