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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

  • #20,761
  • Oct 26, 2016 11:45am Oct 26, 2016 11:45am
Quoting rocky
{quote} {image}
Quoting Mr. Pip
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. {image}
Wow! nice job to both of you.

Nice recovery Mr.Pip. I was interested in your first trade. One of my major problem which I seemed to have capped is entering before a major zone (supply/Demand) looking for a zone failure (NSL/NSH). I've been punished in this area a ton so I just eliminated it. Looking at the bigger picture, I was always just entering later in the move. I'm actually interested in your justification for this trade, if you don't mind clarifying please?

Reason being. I find myself waiting a lot and only get an average of 1 opportunity a day. So if I miss it, then I miss it. (probably do to my time frame and time of day). I would like to add to my arsenal and understanding. thank you.
  • #20,762
  • Oct 26, 2016 3:26pm Oct 26, 2016 3:26pm
Quoting gastonforex
{quote} Hello Mr.Pip, Congratulations for your trade!!! I see a NSL in your chart, then we should wait for a deep pull-back and price did it. I see that the second leg up was stronger than the first, although the complete move seems weak. I have two questions: Why do you not sell at 1? ( because of the short term NSH and decrease on last move down projection? ) Why do you sell just above supply zone? Glad to hear from you Gaston {image}
Hello Gaston, sorry for the delay but I wanted to answer you with a chart as it is easier to point things out with a visual. I believe I have addressed the questions if not please ask and post again.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-16 (233 Tick) 10_25_2016 Yesterday.jpg Size: 145 KB
If you fail to plan, you plan to fail.
  • #20,763
  • Oct 26, 2016 3:37pm Oct 26, 2016 3:37pm
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,

Entry into a trade is a very personal thing. Sure with the benefit of hindsight everyone can point out the perfect entry. The truth is entry should occur only and when you have the information needed to justify taking on the risk. Sometimes we just need a little extra confirmation from an extra candle or two. I do not agree with what you pointed out to me a complex correction. The complex correction occurred in the prior swing. I hope this helps.
If you fail to plan, you plan to fail.
  • #20,764
  • Oct 26, 2016 3:40pm Oct 26, 2016 3:40pm
Quoting LaBoca
{quote} 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
Agree. I welcome the topic our good friend Rocky would like to talk to us about it. I can also work on putting something together but would love to have a different perspective on a very important topic. Thank you for your comment LaBoca.
If you fail to plan, you plan to fail.
  • #20,765
  • Oct 26, 2016 3:42pm Oct 26, 2016 3:42pm
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...
I hate these Emoji the old ones were better.
If you fail to plan, you plan to fail.
  • #20,766
  • Oct 26, 2016 3:46pm Oct 26, 2016 3:46pm
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} 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...
Welcome!
If you fail to plan, you plan to fail.
  • #20,767
  • Oct 26, 2016 3:48pm Oct 26, 2016 3:48pm
Quoting chotabheem
{quote} Stopped out. {image}
It happens, get up, shake off the dirt and get back in the fight.
If you fail to plan, you plan to fail.
  • #20,768
  • Oct 26, 2016 3:53pm Oct 26, 2016 3:53pm
Quoting Mr. Pip
{quote} Don't beat yourself up today was not easy. There are a couple of thing you can possibly do different to maximize you trades. The trade off might be more break-evens but the reward will be in the longer term. You will make more money long term. On your first trade, what was your expectation? Had price reached you profit target? It is not cost effective and really messes up your expectancy taking profit early. Instead of closing for 9 points, get to a breakeven point and give your trade an opportunity to follow your expectation. On your second...
Yeah in this scenario it definitely would have been better to go to b/e but when price hit that structure I thought I was going to get taken out anyway so I scratched and took what I could. Not the best practice.

Quoting Mr. Pip
{quote} 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.
Thank you, this is what I was thinking as well. I've heard of people using fib time ratios to figure out the D but I never knew if that was really necessary.

Quoting Mr. Pip
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. {image}
Quoting rocky
{quote} {image}
Congrats on your excellent trades today guys!
  • #20,769
  • Oct 26, 2016 3:54pm Oct 26, 2016 3:54pm
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...
That will never work. The lagging nature of the indicator will always have you at odds with the present. They indicator and the present are always on different pages.

Find a signal that you feel comfortable with whether it's a pin, hammer, engulfing or a combination of two or three candle formations but not the indicator. Taking the time to learn PA from a Bar by Bar perspective will improve your timing and put you light years ahead of the crowed. Role up your sleeves and read until you eyes fall out of your head. God knows I've had to pick mine up several times.
If you fail to plan, you plan to fail.
  • #20,770
  • Oct 26, 2016 3:55pm Oct 26, 2016 3:55pm
Awesome to see all the participation the past 2 weeks.

Seeing a ton of info being discussed from Damian and Rocky and seeing some new names posting charts.

  • #20,771
  • Oct 26, 2016 3:59pm Oct 26, 2016 3:59pm
Quoting Mr. Pip
{quote} Agree. I welcome the topic our good friend Rocky would like to talk to us about it. I can also work on putting something together but would love to have a different perspective on a very important topic. Thank you for your comment LaBoca.

Damian that would be a 'Dream Team' - add one more trader who seldom posts - GEJordan and there you have it ... The Dream Team...

Also 39 traders are viewing at the mo.....nice
It's a dirty job but someone's gotta do it!
  • #20,772
  • Oct 26, 2016 4:02pm Oct 26, 2016 4:02pm
Quoting dominica
thanks for sharing abcd pattern and cyber parent.
Can you expend on your comment? I want to make sure you have things right. I feel ytou might be mixed up but need to to expand to make sure. And to be clear the Cypher pattern lacks the harmonic characteristics that validate it as a harmonic pattern per Scott Carney the founder of these patterns so as such I have removed it from my tool box. It was never one I traded when I used to trade these patterns exclusively.

I don't know what you mean cyber parent?
If you fail to plan, you plan to fail.
  • #20,773
  • Oct 26, 2016 4:18pm Oct 26, 2016 4:18pm
Quoting Mack2013
{quote} {quote} Wow! nice job to both of you. Nice recovery Mr.Pip. I was interested in your first trade. One of my major problem which I seemed to have capped is entering before a major zone (supply/Demand) looking for a zone failure (NSL/NSH). I've been punished in this area a ton so I just eliminated it. Looking at the bigger picture, I was always just entering later in the move. I'm actually interested in your justification for this trade, if you don't mind clarifying please? Reason being. I find myself waiting a lot and only get an average...
I don't want to complicate the answer but overall I knew this was a very strong area of support and the buyers in the past have defended this area very well. However it came under a ferocious attack this morning and the initial response was not to impressive producing a three drive harmonically balance up and then the market produced a NSL on the immediate order flow with great bar by bar strength. In the oval I saw both buying and selling pressure but I did not get the rotation I wanted to see until my entry. Although there was significant support below me at the lows, I felt I had enough room to at least get to a break even before the sellers would be challenged I was wrong. I hope I answered your question.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-16 (233 Tick) 10_26_2016.jpg Size: 120 KB
If you fail to plan, you plan to fail.
  • #20,774
  • Oct 26, 2016 4:22pm Oct 26, 2016 4:22pm
Quoting LaBoca
{quote} Damian that would be a 'Dream Team' - add one more trader who seldom posts - GEJordan and there you have it ... The Dream Team... Also 39 traders are viewing at the mo.....nice
Come one come all! Invite him if you know him I learn from you all as well believe it or now. No book has all the answers except for one .
If you fail to plan, you plan to fail.
  • #20,775
  • Oct 26, 2016 4:25pm Oct 26, 2016 4:25pm
I will do a live stream again soon in a few weeks. I want this thread to come alive again and participation increase to make it worth while and have as many people as possible join and benefit. How does this sound?
If you fail to plan, you plan to fail.
  • #20,776
  • Oct 26, 2016 4:28pm Oct 26, 2016 4:28pm
Alright Traders lets get this humming again! I'm going to spend some time with the family now before I get in trouble but post away ask your questions. I feel great being back and having the time to continue my mission.
If you fail to plan, you plan to fail.
  • #20,777
  • Oct 26, 2016 4:32pm Oct 26, 2016 4:32pm
By the way LOL this the ugliest Gartley ever but it is still in play. Order flow is breaking down fast for the bulls though. Let's see what happens.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-16 (60 Min) 10_26_2016.jpg Size: 179 KB
If you fail to plan, you plan to fail.
  • #20,778
  • Oct 26, 2016 4:48pm Oct 26, 2016 4:48pm
Great to see you back Mr Pip and Rocky i have learnt much from you guys.
Does anyone on this thread apply this strategy to MT4 platform. I do not have Ninja trader and i struggle to follow as my charts look so different to the tick chart. Being a part time trader i canīt justify the cost of Ninja trader at the moment. If anyone uses this on MT4 i would love to see there charts as well.
Great work though to all the participants wish i could contribute more.
  • #20,779
  • Oct 26, 2016 6:03pm Oct 26, 2016 6:03pm
Quoting buzznack
Great to see you back Mr Pip and Rocky i have learnt much from you guys. Does anyone on this thread apply this strategy to MT4 platform. I do not have Ninja trader and i struggle to follow as my charts look so different to the tick chart. Being a part time trader i cant justify the cost of Ninja trader at the moment. If anyone uses this on MT4 i would love to see there charts as well. Great work though to all the participants wish i could contribute more.
Hey Buzz while I'm biased toward tick charts it's all the same. I might get cleaner swing and perhaps better priced entries but at the end of the day a chart is a chart and the methodology is applied the same way. You can set up an FXCM demo account and use ninja all free if you trade FX do this for learning or technical analysis and execute your trades on your mt4. Some do this.
If you fail to plan, you plan to fail.
  • #20,780
  • Oct 27, 2016 12:12am Oct 27, 2016 12:12am
Quoting buzznack
Great to see you back Mr Pip and Rocky i have learnt much from you guys. Does anyone on this thread apply this strategy to MT4 platform. I do not have Ninja trader and i struggle to follow as my charts look so different to the tick chart. Being a part time trader i cant justify the cost of Ninja trader at the moment. If anyone uses this on MT4 i would love to see there charts as well. Great work though to all the participants wish i could contribute more.
Buzznack, you can also use a different platform (no one said that Ninjatrader is the one and only). There are brokers who offer free trading platforms with tick charts. PM me if you need more information because I'm a Junior member and I think I can't post links,names and I also can't send PMs
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