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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

  • #20,741
  • Oct 25, 2016 3:23pm Oct 25, 2016 3:23pm
Quoting jmezz
{quote} Once you have your PRZ built, when you make your drawing how far into the future do you extend your D point? I recreated the first Gartley chart that you posted here: {image} #1 is right about where you ended the drawing, but what is to stop someone from putting their D point at #2? Are there any rules for determining how far to project it? I could never find an explanation on it when I researched harmonics so I didn't know if it even mattered haha.
The only thing that matters is the price level of where these patterns complete. The duration in time is less important. Ideally the patterns halfs are symmetrical but it doesn't have to be. Some say asymmetrical patterns are weaker but I have not tested this or found much truth to it.

I had had put the D point where I put it only to show where the patterns completion point was from a price level stand point.
If you fail to plan, you plan to fail.
  • #20,742
  • Oct 25, 2016 3:25pm Oct 25, 2016 3:25pm
Quoting rocky
{quote} {image} {image}
Thanks Rocky!
If you fail to plan, you plan to fail.
  • #20,743
  • Oct 25, 2016 3:39pm Oct 25, 2016 3:39pm
Quoting rocky
{quote} {image} {image}
Hello Rocky, nice to see you again.

Could you please share some charts with text describing your decision process as you used to do 5 years ago at your thread? I would like to see which tools you still use. (Market profile, vsa, orderflow, pitchfork....)

Which orderflow tool do you prefer using jigsaw or ofa ?

Have you not get tired by making money and using the market as ATM machine ?

Don't you have any plans to teach your strategy for some rookies in Us or Europe ?
  • #20,744
  • Edited 4:22pm Oct 25, 2016 4:11pm | Edited 4:22pm
Quoting Trappist
{quote} Hello Rocky, nice to see you again. Could you please share some charts with text describing your decision process as you used to do 5 years ago at your thread? I would like to see which tools you still use. (Market profile, vsa, orderflow, pitchfork....) Which orderflow tool do you prefer using jigsaw or ofa ? Have you not get tired by making money and using the market as ATM machine ? Don't you have any plans to teach your strategy for some rookies in Us or Europe ?
Trappist, Mr.Pip and Rocky are putting out the best information FOR FREE and you are asking for more? If you are a rookie you can learn loads of things from their threads and here is a link of Rocky's thread where you can see his recent trades http://www.forexfactory.com/showthread.php?p=9216994

I can only say thank you to Rocky and Mr.Pip I owe them most of my knowledge on trading (just from reading their threads 2 or 3 times) and I can't ask for anything more. I wish you the best of luck!
  • #20,745
  • Oct 25, 2016 4:21pm Oct 25, 2016 4:21pm
Quoting Trappist
{quote} Hello Rocky, nice to see you again. Could you please share some charts with text describing your decision process as you used to do 5 years ago at your thread? I would like to see which tools you still use. (Market profile, vsa, orderflow, pitchfork....) Which orderflow tool do you prefer using jigsaw or ofa ? Have you not get tired by making money and using the market as ATM machine ? Don't you have any plans to teach your strategy for some rookies in Us or Europe ?
Hey Stranger, nice to hear from you Trappist. Hope all is well. As to not clutter this thread I'll answer you tomorrow on my thread over in the recycle bin, Rocky!
  • #20,746
  • Oct 25, 2016 4:42pm Oct 25, 2016 4:42pm
Hello I've been around the thread for a long time and have followed Mr.Pip and his videos too, this is my first attempt to contribute I trade currencies and I am watching some pairs and in this case my analysis is about AUDUSD, notes on chart

Cheers
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  • #20,747
  • Oct 25, 2016 5:59pm Oct 25, 2016 5:59pm
Quoting rocky
{quote} Hey Stranger, nice to hear from you Trappist. Hope all is well. As to not clutter this thread I'll answer you tomorrow on my thread over in the recycle bin, Rocky!
lol....love the fact that if you wanna learn about trapped orders (exhaustion/absorbtion/imbalances) then you have to go to the RECYCLE BIN....lmao
shame most will not see that thread
It's a dirty job but someone's gotta do it!
  • #20,748
  • Oct 25, 2016 9:24pm Oct 25, 2016 9:24pm
US30 - 89T

2XBE. super sloppy but I was testing some setting with my ATM. Nothing to learn here
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  • #20,749
  • Oct 25, 2016 9:40pm Oct 25, 2016 9:40pm
Quoting jmezz
{quote} Yeah going over the 1st trade again I don't think it was very smart. The basis was that price was unable to close below the open. When price is unable to break the open a lot of times there is a strong push in the opposite direction and so I thought that it was possible to get long for a nice ride up. We did get that ride up but I did not manage it correctly and I think my positioning was not good as I entered right on yesterday's close. I was aware that I was doing this but thought that it wouldn't matter because it looked like price wanted...
Uhmmm. makes sense. I guess patients would of really worked out on your first trade with a S/T nsh then a PB that you highlighted with a circle. But in this business you just never know.

I wouldn't give up on you entry strategy dude. its been working for you beautifully. (from what I've seen anyway)
  • #20,750
  • Oct 25, 2016 10:19pm Oct 25, 2016 10:19pm
Quoting celord
Hello I've been around the thread for a long time and have followed Mr.Pip and his videos too, this is my first attempt to contribute I trade currencies and I am watching some pairs and in this case my analysis is about AUDUSD, notes on chart Cheers {image}
hello celord and welcome to the thread. Nice analysis. Just a couple of things.

Your complex corrections is not a complex just a corrective swing. Complex corrections take an impulsive swing (preferably one with a clear High and clear low) then produce multiple corrective swings like an 1 to 1 or 3 drives. not saying there needs to be harmonic moves in a complex correction but thats something your looking for.

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As for entry, this is a more personal matter and your views on risk and aggression. Most of the time, you would look for some sort of confirmation like your invitation candles but since your using a 4Hr TF, you could drop down for a better entry. or if theres enough of a confluence in your zone , you can take an aggressive entry.

Your set up didn't light up with confluence and I dont really like switching TF so the next best option is taking the bullish thrust candle off the retest of your zone (bullish engulfing).

PS: if somebody see's something that I messed up on or have a better input, please dont hesitate to jump in.
  • #20,751
  • Oct 26, 2016 5:26am Oct 26, 2016 5:26am
dj30_z6 M1

Short as of now,
Entry at 18014,
SL at 18032,
TP (derived from an ABCD standpoint) is at 17992.
Momentum is good for the main swing to the left from 18070 levels.

This is a 1m chart btw. Correct me if am wrong plz.

Attached Image (click to enlarge)
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On another important note,

I've been lurking for so long now reading pages and pages of Mr.Pip's training (only from this page (http://forexfactory.com/showthread.php?p=8722695#post8722695)), wise words and I just wanted to participate again.
I have always followed Mr.Pip and taken up whatever he taught us all. I'll forever be grateful to him for the knowledge that he has imparted on this forum.
Thank you Mr.Pip, from my heart.
I follow only one person and his strategies...
  • #20,752
  • Oct 26, 2016 6:41am Oct 26, 2016 6:41am
Quoting chotabheem
dj30_z6 M1 Short as of now, Entry at 18014, SL at 18032, TP (derived from an ABCD standpoint) is at 17992. Momentum is good for the main swing to the left from 18070 levels. This is a 1m chart btw. Correct me if am wrong plz. {image} .
Stopped out.

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I follow only one person and his strategies...
  • #20,753
  • Oct 26, 2016 8:46am Oct 26, 2016 8:46am
Quoting Mack2013
{quote} hello celord and welcome to the thread. Nice analysis. Just a couple of things. Your complex corrections is not a complex just a corrective swing. Complex corrections take an impulsive swing (preferably one with a clear High and clear low) then produce multiple corrective swings like an 1 to 1 or 3 drives. not saying there needs to be harmonic moves in a complex correction but thats something your looking for. {image} As for entry, this is a more personal matter and your views on risk and aggression. Most of the time, you would look for...
Hello Mack2013, thanks a lot for your comment identifying complex corrections have been hard for me even some times I loose track of the main swing thanks to a wrong qualification of a CC.

About the entry moment, I have not been able to nail the Bar by Bar lesson, I still use an indi for just that...
  • #20,754
  • Oct 26, 2016 9:38am Oct 26, 2016 9:38am
Quoting Mack2013
{quote} Uhmmm. makes sense. I guess patients would of really worked out on your first trade with a S/T nsh then a PB that you highlighted with a circle. But in this business you just never know. I wouldn't give up on you entry strategy dude. its been working for you beautifully. (from what I've seen anyway)
Hey Mack2013,
Looks like you are using tick data,is it on MT4? If so is shareable ?
If no,On problem
  • #20,755
  • Oct 26, 2016 10:05am Oct 26, 2016 10:05am
Attached Image (click to enlarge)
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  • #20,756
  • Oct 26, 2016 10:39am Oct 26, 2016 10:39am
Hello Traders,

I will be around later to catch up and answer all questions. I know I skipped a couple but I wanted to answer those with a chart or two and I have not had the time. I will post my trades for the day I had two 1 win and 1 loss for a net of +25 points. Here is my chart.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-16 (233 Tick) 10_26_2016.jpg Size: 115 KB
If you fail to plan, you plan to fail.
  • #20,757
  • Oct 26, 2016 10:45am Oct 26, 2016 10:45am
Quoting rocky
{image}
Great Trade my friend way to go!!
If you fail to plan, you plan to fail.
  • #20,758
  • Oct 26, 2016 10:50am Oct 26, 2016 10:50am
Quoting rocky
{image}

Attached Image (click to enlarge)
Click to Enlarge Name: ES 12-16 (5000 Volume) 10_26_2016.jpg Size: 175 KB
  • #20,759
  • Oct 26, 2016 11:05am Oct 26, 2016 11:05am
Quoting celord
{quote} Hello Mack2013, thanks a lot for your comment identifying complex corrections have been hard for me even some times I loose track of the main swing thanks to a wrong qualification of a CC. About the entry moment, I have not been able to nail the Bar by Bar lesson, I still use an indi for just that...
whatever works for you dude.
  • #20,760
  • Oct 26, 2016 11:18am Oct 26, 2016 11:18am
thanks for sharing abcd pattern and cyber parent.
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