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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

  • #18,641
  • Mar 28, 2016 8:45am Mar 28, 2016 8:45am
Really no rush to get into any trades today.

Long weekend and large late day squeeze Thursday, just going to sit here and let things do what they do.
  • #18,642
  • Mar 28, 2016 9:01am Mar 28, 2016 9:01am
No worries. Easy change. There's now a dropdown to select between Forex and Futures. IF Futures is selected, the value for Lot size (Contracts) will ALWAYS round DOWN to the nearest whole number. ;-) This is all still assuming though that the cost per PIP is equal to $1.

Quoting jmezz
Really no rush to get into any trades today. Long weekend and large late day squeeze Thursday, just going to sit here and let things do what they do.
Markets can remain irrational longer than you can remain solvent - JMK
  • #18,643
  • Mar 28, 2016 11:32am Mar 28, 2016 11:32am
Hello everyone,

I'm new here and I want to thank Mr.Pip for this great and awesome thread !! this is really really a great way of trading with no indicators at all.

I see that I'm somehow a little bit late in comparison with the actual advance of the course but I began with the first lesson and now I've just watched the video about the order flow explanation !! all the videos are great, very clear and helpful therefore I learned many new things and I'm convinced that this is my way of trading !!

I'm trading for 1 one year now but unfortunately I've never been successful and now I see why coz my chart was always full of useless lagging indicators !!
I hope all of us succeed in this mission to become profitable traders !!

Let's enjoy our time my friends
  • #18,644
  • Mar 28, 2016 1:27pm Mar 28, 2016 1:27pm
Eurusd 15m
expectation nsh
entry - bar & bar; retracement around 38.2/50 , previous support & resistance zone
tp - same length of the previous projection
sl - just below 78 retracement
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 29 MARCH 2016.png Size: 32 KB
Click to Enlarge Name: 29 MARCH 2016 BARBAR ENTRY.png Size: 23 KB
  • #18,645
  • Mar 28, 2016 6:05pm Mar 28, 2016 6:05pm
Quoting Timwelch
No worries. Easy change. There's now a dropdown to select between Forex and Futures. IF Futures is selected, the value for Lot size (Contracts) will ALWAYS round DOWN to the nearest whole number. ;-) This is all still assuming though that the cost per PIP is equal to $1. {quote}
Tim this is awesome! I took a quick look earlier today and I'll play with it some more tomorrow morning.

Hope you're continuing to get better.
  • #18,646
  • Mar 28, 2016 6:07pm Mar 28, 2016 6:07pm
Did anyone trade the Dow today? If so please post some charts I'd like to see how others traded today.

I stayed out myself.
  • #18,647
  • Mar 28, 2016 11:31pm Mar 28, 2016 11:31pm
Eurusd 15m updates
floating -12pips
price testing the support/resistance zone
Attached Image (click to enlarge)
Click to Enlarge Name: 29 MARCH 2016 UPDATES -12 PIPS.png Size: 29 KB
  • #18,648
  • Edited 4:10am Mar 29, 2016 2:34am | Edited 4:10am
Nice pre session + Europe open / London open session
Cable 2 winning trades for a total of 41.7 pips with nice R:R for second trade, first trade had R:R only 1:1

For EURUSD it changed from NSH to NSL without my sl was taken out ( missed by a pip or to and I stopped it out at entry ( - 0.3 pips )
Second trade was taken at weakness at fib 38 with SL only 6 pips and it was stopped out. Took re-entry at strength just before London open after 76.4 retracement. So SL was also here very small but strength was strong and I let it run trailing bar by bar and took it out immediately when it showed strength against my trade after it hadvisited fib extension 61.6
So basicly two losers for a total of -6.3 pips
One winning trade 17.6 pips
Net gain for eur/usd 11.3 pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: $EURUSD (144 Tick) 29_03_2016.jpg Size: 117 KB
Click to Enlarge Name: $GBPUSD (144 Tick) 29_03_2016.jpg Size: 115 KB
Trading in the shadow of SM
  • #18,649
  • Mar 29, 2016 4:05am Mar 29, 2016 4:05am
Just took a long on the cable 233 tick chart.

After a strong NSH price made a fairly weak NSH so I was looking for a deep retracement. Price made it into the 61.8 / 78.6 zone. I would've rather seen it retraced a bit more but after that strong bullish candle I pulled the trigger. Initial SL under the 100 fib. Moved to BE+5 after the tests of the NSH. After the price shooting up I've trailed aggressively. Stopped out at +14 pips on the SL that you can see in the chart I've add.

Could've squeezed out a bit more if I didn't trail so aggressively I see now but hey, green is green right.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 17 KB
  • #18,650
  • Mar 29, 2016 5:42am Mar 29, 2016 5:42am
Cable 233 chart. Entered long on the bullish candle that the arrow is pointing to. Had my initial stop on the red drawned line. Moved to BE +5 around tat doji in the move up. Started trailing aggressively again. This time it worked out pretty well as I see price moving down now. +22 pips on this one.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 17 KB
  • #18,651
  • Mar 29, 2016 5:53am Mar 29, 2016 5:53am
Quoting kaboemm
Cable 233 chart. Entered long on the bullish candle that the arrow is pointing to. Had my initial stop on the red drawned line. Moved to BE +5 around tat doji in the move up. Started trailing aggressively again. This time it worked out pretty well as I see price moving down now. +22 pips on this one. {image}
Nice one,

I managed to get in at the retracement. Has locked in to BE + 5 pips . Often bumpy after lunch session London.
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPUSD (144 Tick) 29_03_2016.jpg Size: 109 KB
Trading in the shadow of SM
  • #18,652
  • Mar 29, 2016 5:55am Mar 29, 2016 5:55am
Quoting kaboemm
Just took a long on the cable 233 tick chart. After a strong NSH price made a fairly weak NSH so I was looking for a deep retracement. Price made it into the 61.8 / 78.6 zone. I would've rather seen it retraced a bit more but after that strong bullish candle I pulled the trigger. Initial SL under the 100 fib. Moved to BE+5 after the tests of the NSH. After the price shooting up I've trailed aggressively. Stopped out at +14 pips on the SL that you can see in the chart I've add. Could've squeezed out a bit more if I didn't trail so aggressively I...
Hello Kaboemn

233 tick charts on MT4?
That's great
Is that an indicator?

Regards
Aj1
  • #18,653
  • Mar 29, 2016 6:08am Mar 29, 2016 6:08am
Quoting Earleone
Nice pre session + Europe open / London open session Cable 2 winning trades for a total of 41.7 pips with nice R:R for second trade, first trade had R:R only 1:1 For EURUSD it changed from NSH to NSL without my sl was taken out ( missed by a pip or to and I stopped it out at entry ( - 0.3 pips ) Second trade was taken at weakness at fib 38 with SL only 6 pips and it was stopped out. Took re-entry at strength just before London open after 76.4 retracement. So SL was also here very small but strength was strong and I let it run trailing bar by bar...
nice trader Earleone
  • #18,654
  • Mar 29, 2016 6:09am Mar 29, 2016 6:09am
Quoting Earleone
{quote} Nice one, I managed to get in at the retracement. Has locked in to BE + 5 pips . Often bumpy after lunch session London. {image}
Nice one! You got that big move up just a few seconds ago?
  • #18,655
  • Mar 29, 2016 6:11am Mar 29, 2016 6:11am
Quoting Aj1
{quote} Hello Kaboemn 233 tick charts on MT4? That's great Is that an indicator? Regards Aj1
Hey Aj1,

Yes it's an indicator. It works really nice in my opinion, easy to setup aswell. I'm trying it out for now as you can get a free trial first. I don't think the price is that high and I'm definatly going to buy it.

I don't know if I can post links here to different sites, but you can get it at ovo.cz. Only need constant volume bars one http://ovo.cz/products/offline-charts-for-mt4/constant-volume-bars/
  • #18,656
  • Mar 29, 2016 6:16am Mar 29, 2016 6:16am
Quoting kaboemm
{quote} Nice one! You got that big move up just a few seconds ago?
Actually I closed out after the long tick bar. It was mistake this time ( And I had long trade at eurusd to that was not locked in to BE yet and I wanted to balance risk ) . But often it change direction after so long bar but here it was followed by even longer ones. . Anyway ok. I got 21 pips and are up 62.8 pips in total just for Cable today so I can not complain. .
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPUSD (144 Tick) 29_03_2016.jpg Size: 109 KB
Trading in the shadow of SM
  • #18,657
  • Mar 29, 2016 6:20am Mar 29, 2016 6:20am
Quoting Earleone
{quote} Actually I closed out after the long tick bar. It was mistake this time ( And I had long trade at eurusd to that was not locked in to BE yet and I wanted to balance risk ) . But often it change direction after so long bar but here it was followed by even longer ones. . Anyway ok. I got 21 pips and are up 62.8 pips in total just for Cable today so I can not complain. . {image}
Ah yes, no need to complain at all when you're in the green. I could've banked more pips aswell but its always easier to say that looking back.

Great trading today anyway!
  • #18,658
  • Mar 29, 2016 6:32am Mar 29, 2016 6:32am
Hi Mr Pips and traders,

Sorry I been MIA recently but been working a lot, Its my first day off in weeks so I thought I would do a bit of trading using some of the insights mr Pip has taught me recently results so far this morn +14% in a bout 10 trades over 8 markets, I am also using the 1hour and daily charts to give me a deeper insight into price movement (everyone has to find their own style I think) thanks for your time and effort it works

edit update now +15%
Attached Image(s) (click to enlarge)
Click to Enlarge Name: pnl.png Size: 83 KB
Click to Enlarge Name: pl2.png Size: 87 KB
  • #18,659
  • Mar 29, 2016 6:33am Mar 29, 2016 6:33am
Eurusd 15m
sl - hit @1.1170, 0.78 retracement =
-30pips
i should move the sl below 0.78 retracement

2nd round
expectatio still nsh @ 1.1233
Attached Image (click to enlarge)
Click to Enlarge Name: 29 MARCH 2016 TAKEN OUT BY -30 PIPS.png Size: 26 KB
  • #18,660
  • Mar 29, 2016 6:34am Mar 29, 2016 6:34am
Quoting mjgoldtrader
{quote} nice trader Earleone
Thank you Nice when it goes with the expectations also on lower ticksize / lower tf.
Trading in the shadow of SM
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