Ratios & Harmonics: a Different Way to Trade | Page 1091 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

"Ratios & Harmonics: a Different Way to Trade." Summary 37 replies

Learning to trade with harmonics 11 replies

Time for Change - Pivots & Harmonics to freedom 67 replies

180 reasons to trade Harmonics and Patterns 13 replies

Group Trading based on Elliott wave and Harmonics 0 replies

Attachments: Ratios & Harmonics: a Different Way to Trade
Exit Attachments

Ratios & Harmonics: a Different Way to Trade

  • #21,801
  • Nov 24, 2016 10:29am Nov 24, 2016 10:29am
Quoting jmezz
{quote} JMO {image}
Nicely done!
If you fail to plan, you plan to fail.
  • #21,802
  • Nov 24, 2016 10:37am Nov 24, 2016 10:37am
Quoting Mr. Pip
Hello Traders, I've made a video that hopefully captures the correlation between time frame and order flow or at least explains it in a way that can be understood. I also tide it in with the chart I wanted to show our friend Woles77 on the USDJPY 3 min. I hope he does not mind. This will also probably help you understand why I trade in a particular direction and are wondering why did he go long the expectation is a NSL? Is he drunk? Crazy? The video is rendering and that will take some time I will have it up when it completes. Bare with it I haven't...
Im stunned at your continued help and support in this thread damian, you truly are a diamond in the rough. Ive been silently watching this thread for the last year, i first posted back then a little bit and begun testing this method for about 2 months but then got distracted (as i always so easily do) and spent the past year basically system hopping around and it feels like ive done a full circle and and ended up right back here again....but this time with a little more experience and desire to make this work. I can't thankyou enough for what you have provided here, hopefully sometime in the not so far future i will be in a position to pay you back some how, as you and this method is clearly the real McCoy as we say in england
  • #21,803
  • Nov 24, 2016 10:43am Nov 24, 2016 10:43am
Quoting Wolves77
hey mr. pip, struggled to find anything to trade today, whenever i go through a tough period i tend to tighten up the rules and try to follow a clear line of logic, but if i do this i never end up taking a trade. Can you see any opportunities here that follow in line with orderflow - {image} for what its worth this was my general thinking, i've left out areas and fibs to keep the chart clean - got to the chart around the orange circle - 1. was working off the the main bearish swing and looking for shorts, short term OF had produced a nsh and increased...
Here you go my friend I made this video and also touched on of few other things. I hope you don't mind me using your post as the benchmark for the video. I think the issues you face are very similar to others and the video was a good platform to address these little things.

https://youtu.be/tnT_4tNUO5Q
If you fail to plan, you plan to fail.
  • #21,804
  • Nov 24, 2016 10:48am Nov 24, 2016 10:48am
Quoting Hazza88
{quote} Im stunned at your continued help and support in this thread damian, you truly are a diamond in the rough. Ive been silently watching this thread for the last year, i first posted back then a little bit and begun testing this method for about 2 months but then got distracted (as i always so easily do) and spent the past year basically system hopping around and it feels like ive done a full circle and and ended up right back here again....but this time with a little more experience and desire to make this work. I can't thankyou enough for...
My payback is your success my friend. I'm tired of the snake oil salesman and the victims spending money they can't afford to lose on shit. Looks like you followed the short term order flow but you got here LOL Just a little joke after the video I just posted you will get it. Take care and I wish you the best always! See you around. Make this you home everyone is welcomed here.
If you fail to plan, you plan to fail.
  • #21,805
  • Nov 24, 2016 12:27pm Nov 24, 2016 12:27pm
Quoting x3m-PippiN
{quote} Nice explanation, Jmezz. I'm very guilty of waiting price to come to my predefined level/area /zone and I also noticed that price "double-tapped" structure and the bears were losing strength on the last couple of bars but on the 89 volume chart the bears made a strong push down (hail mary pass) and an even stronger bullish push up...so that kind of caught me of guard. And not to mention that on that timeframe it happened really fast. Btw, I really appreciate your comment {image}
Yes and don't get me wrong, waiting for price to come to you is not a bad thing at all. Patience is something so hard to learn and is invaluable. My point was that sometimes we can be a little too stubborn in this regard .

I understand, I can only imagine how fast that occurred as I had to get my chart down to a 55tick to get close to your PA. I remember when I was trading the YM on a 144tick and PA would just explode out of nowhere. Still does at times on the 233 but easier to make sense of the action.

When I give advice to others on their trades I usually make note that my comments come using the clarity of hindsight as I don't want to come off as a know-it-all or that I know what I'm doing in all situations. When I see certain situations I like to give some input just as others have done and continue to do for me because it has helped me tremendously along the way.
  • #21,806
  • Nov 24, 2016 12:29pm Nov 24, 2016 12:29pm
Quoting Mr. Pip
{quote} Here you go my friend I made this video and also touched on of few other things. I hope you don't mind me using your post as the benchmark for the video. I think the issues you face are very similar to others and the video was a good platform to address these little things. https://youtu.be/tnT_4tNUO5Q
Can't watch yet but clicked quickly to check the length - 46mins .

Cannot wait to dive into this one!
  • #21,807
  • Nov 24, 2016 1:11pm Nov 24, 2016 1:11pm
Quoting Hazza88
{quote} Im stunned at your continued help and support in this thread damian, you truly are a diamond in the rough. Ive been silently watching this thread for the last year, i first posted back then a little bit and begun testing this method for about 2 months but then got distracted (as i always so easily do) and spent the past year basically system hopping around and it feels like ive done a full circle and and ended up right back here again....but this time with a little more experience and desire to make this work. I can't thankyou enough for...
In 4years of researching the hell out of this business I can say that there is nothing like this thread.

The videos alone could be their own standalone course that you'd pay thousands to take but then you add in the furthered study and Damian's participation in here and we are basically getting an ongoing education for free.

None of the twitter gurus even come close to offering the quality of information that Damian and Rocky have.
  • #21,808
  • Nov 24, 2016 1:27pm Nov 24, 2016 1:27pm
Very nice video! Thanks.
It looks easy while watching you
Will be nice to highlight more detailed about "entry point decision" in next video.
  • #21,809
  • Nov 24, 2016 1:51pm Nov 24, 2016 1:51pm
Great video - Thank you !
  • #21,810
  • Nov 24, 2016 1:53pm Nov 24, 2016 1:53pm
Quoting jmezz
{quote} In 4years of researching the hell out of this business I can say that there is nothing like this thread. The videos alone could be their own standalone course that you'd pay thousands to take but then you add in the furthered study and Damian's participation in here and we are basically getting an ongoing education for free. None of the twitter gurus even come close to offering the quality of information that Damian and Rocky have.
Very kind of you to say. Thank you very to everyone for the support and collaboration. It feels like family in here. Mutual respect and admiration to everyone again. Give me your feedback on the video let me know if the content and delivery sucked or had real value. I haven't made one in a long time and I might be rusty. Lol
If you fail to plan, you plan to fail.
  • #21,811
  • Nov 24, 2016 1:55pm Nov 24, 2016 1:55pm
Quoting kaizeris
Very nice video! Thanks. It looks easy while watching you Will be nice to highlight more detailed about "entry point decision" in next video.
This is the purpose of the live trading stream in December. Make sure you are there.
If you fail to plan, you plan to fail.
  • #21,812
  • Nov 24, 2016 1:55pm Nov 24, 2016 1:55pm
Quoting Mr. Pip
{quote} Here you go my friend I made this video and also touched on of few other things. I hope you don't mind me using your post as the benchmark for the video. I think the issues you face are very similar to others and the video was a good platform to address these little things. https://youtu.be/tnT_4tNUO5Q
Very good video Mr.Pip.

A:10 V:10

I was in the process of answering wolves but glad you beat me to the punch. Your understanding of order flow makes it look easy and effortless , sometimes I question if i'm doing it right. well more like, am I deciphering it correctly? But now, maybe I'm just over thinking it.

When I was looking at his problem, I tried to put myself in his shoes with a market replay and seen the justification for being hesitant. Momentum can be scary sometimes

I just wanted to point out the swing just out of range of the video... but it didn't seem to matter anyway because your analysis was awesome
Attached Image (click to enlarge)
Click to Enlarge Name: Chart.png Size: 74 KB
  • #21,813
  • Nov 24, 2016 2:46pm Nov 24, 2016 2:46pm
Quoting Mack2013
{quote} Very good video Mr.Pip. A:10 V:10 I was in the process of answering wolves but glad you beat me to the punch. Your understanding of order flow makes it look easy and effortless , sometimes I question if i'm doing it right. well more like, am I deciphering it correctly? But now, maybe I'm just over thinking it. When I was looking at his problem, I tried to put myself in his shoes with a market replay and seen the justification for being hesitant. Momentum can be scary sometimes I just wanted to point out the swing just out of range of the...
Thanks Mack, Yes momentum can sometime be a kick in the balls and cause us to second guess our intentions and I must admit it sometimes does. Strength is strength but I do my best not to let one thing steer me into a decision. When this happens I feel like I either have tunnel vision or I'm letting in emotion into my decision making (fear). It's harder to pull that trigger with 20 to 30 contracts on the line but I will say that having situational awareness and having a clear picture of what the market is working towards helps me out a great deal when things get volatile in the short term order flow.
If you fail to plan, you plan to fail.
  • #21,814
  • Nov 24, 2016 4:35pm Nov 24, 2016 4:35pm
Quoting Mr. Pip
{quote} Here you go my friend I made this video and also touched on of few other things. I hope you don't mind me using your post as the benchmark for the video. I think the issues you face are very similar to others and the video was a good platform to address these little things. https://youtu.be/tnT_4tNUO5Q


Great Video Damian! You took time out to do this whilst on 'your day off'. Not may would spend this much time and effort......Big respect to you!
It's a dirty job but someone's gotta do it!
  • #21,815
  • Nov 24, 2016 4:52pm Nov 24, 2016 4:52pm
Quoting LaBoca
{quote} Great Video Damian! You took time out to do this whilst on 'your day off'. Not may would spend this much time and effort......Big respect to you!
Thank you my friend. My family is very understanding. It is sometimes hard to balance life, business and my commitment to all of you but somehow it works out. Glad you enjoyed the video.
If you fail to plan, you plan to fail.
  • #21,816
  • Nov 24, 2016 5:12pm Nov 24, 2016 5:12pm
Big thank you Mr. Pip for your video and also to Wolves77 for having asked the detailled question.

I will have to watch it again on a more decent time (already very late in EU), but it gave me a lot of input which I have to digest.

As homework I have set myself to identify the alignement of long and short term orderflow during my live trading.

Thank you.
  • #21,817
  • Nov 24, 2016 5:57pm Nov 24, 2016 5:57pm
Quoting Mr. Pip
{quote} Here you go my friend I made this video and also touched on of few other things. I hope you don't mind me using your post as the benchmark for the video. I think the issues you face are very similar to others and the video was a good platform to address these little things. https://youtu.be/tnT_4tNUO5Q
WOW, wasn't expecting that, excellent video Mr. Pip.
very good delivery, calm, measured, thoughtful as always. 46 minutes just flew by.

It goes without saying that i really appreciate your time on this and i hate being a giant pain the ass, but i have another question.

Knowing how far to go back to determine the overall orderflow can be a bit of a problem. my 3 min data has started to disappear, but if i can take you back to the beginning of the trading session when i scrunched up the data i had a NSL followed by a LH, so my overall expectation was that at some point during the day price would create a NSL, i then zoomed in to normal trading and used the clear high, low, bearish swing to work off and used the 3min shorterm orderflow to find an opportunity to go short.

Attached Image (click to enlarge)
Click to Enlarge Name: Untitled 13.jpg Size: 160 KB


not that it matters now, but just so you can see my thinking, point 3 had retested the previous high so i was looking to play the range back down. when i saw the strength from point 3 to 4 thats when i was thinking short at point 5.

Attached Image (click to enlarge)
Click to Enlarge Name: Untitled 14.jpg Size: 182 KB


Basically, depending on how far you scroll back can influence your overall bias and how your viewing the chart.
having said that, to simplify things for me, i'm going to take your advice and just use a 15 min chart to determine overall orderflow, so i don't get confused and then use my 3 min trading timeframe to look for opportunities in that direction, or at least keep that in mind during the session.

Thanks again mr. pip, really am amazed at the time and effort you put into this thread. Hopefully that faith will be repaid one day.
  • #21,818
  • Nov 24, 2016 6:04pm Nov 24, 2016 6:04pm
Quoting Wolves77
{quote} WOW, wasn't expecting that, excellent video Mr. Pip. very good delivery, calm, measured, thoughtful as always. 46 minutes just flew by. It goes without saying that i really appreciate your time on this and i hate being a giant pain the ass, but i have another question. Knowing how far to go back to determine the overall orderflow can be a bit of a problem. my 3 min data has started to disappear, but if i can take you back to the beginning of the trading session when i scrunched up the data i had a NSL followed by a LH, so my overall expectation...

Edit - these were just my initial thoughts, im going to watch the video again now before i go to bed, so apologies if you mentioned something i've overlooked
  • #21,819
  • Nov 24, 2016 6:33pm Nov 24, 2016 6:33pm
Quoting Wolves77
{quote} Edit - these were just my initial thoughts, im going to watch the video again now before i go to bed, so apologies if you mentioned something i've overlooked
Lol no worries. I will digest your post and answer your questions tomorrow. What I can tell you off the top is that there will always be a point is the past if you go far enough that will create conflict. We are short term traders for the most part. Do t drive yourself crazy going back weeks. I go back a day or two at the most. I don't get caught up with the history. Ask yourself what is the market achieving and what is it working towards. Those two questions can usually be answered by going back two to three days.
If you fail to plan, you plan to fail.
  • #21,820
  • Nov 24, 2016 6:45pm Nov 24, 2016 6:45pm
Quoting Wolves77
{quote} Edit - these were just my initial thoughts, im going to watch the video again now before i go to bed, so apologies if you mentioned something i've overlooked
Here is my opinion based on what was the current theme at the time of your entry:
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY_setup.jpg Size: 234 KB
24 traders viewing now