Attachments: Ratios & Harmonics: a Different Way to Trade

Ratios & Harmonics: a Different Way to Trade

#21,821
Nov 25, 2016 2:40am Nov 25, 2016 2:40am

liemo
| Joined Jul 2011 | Status: Trader | 245 Posts

Quoting Mr. Pip

Disliked

{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

Ignored

Great video Mr Pip. Keep them coming.

#21,822
Nov 25, 2016 2:54am Nov 25, 2016 2:54am

Masterrmind
Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts

EURUSD [M5 Chart]

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Looking to get into the market by longing the euro.

Observation time!

ps. do not dwell on where I have the Fib drawn it is highly discretionary and does not really form a major part of my eventual entry.

pps. the focus should be on the order flow.

Masterrmind............

Master your Mind then Master your Trades

#21,823
Nov 25, 2016 3:50am Nov 25, 2016 3:50am

Sakeplz
| Joined Mar 2015 | Status: Trader | 53 Posts

Gbp/Usd

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Reason for entry: Price didn't close below the HL which would invalidate my expectation for a NSH. Another reason was the strong bullish rejection at that level. I didn't enter on the bullish candle but instead waited for price to get lower in other to met my risk.

So far I'm going to stay away from Eur/Usd for now, two failing trade from that pair.

#21,824
Nov 25, 2016 4:30am Nov 25, 2016 4:30am

liemo
| Joined Jul 2011 | Status: Trader | 245 Posts

Waiting patiently for bat pattern to complete on AUDUSD.

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#21,825
Nov 25, 2016 4:49am Nov 25, 2016 4:49am

Dfn
| Joined Nov 2016 | Status: Trader | 58 Posts

Nice Thread Mr. Pips!

I figure out Bat pattern on EU and AU. What do you think? Is that the right pattern and a good one?

Also,
I have a question regarding to PRZ.
When the PRZ already determined for example Bat Pattern. Do you put the SL exactly at X point or you find a S&R close to the X point?

Haven't finished reading this good Thread. Sorry if this question ever been asked

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#21,826
Nov 25, 2016 4:59am Nov 25, 2016 4:59am

Masterrmind
Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts

Quoting Sakeplz

Disliked

Gbp/Usd {image} Reason for entry: Price didn't close below the HL which would invalidate my expectation for a NSH. Another reason was the strong bullish rejection at that level. I didn't enter on the bullish candle but instead waited for price to get lower in other to met my risk. So far I'm going to stay away from Eur/Usd for now, two failing trade from that pair.

Ignored

Yes good idea.

Sometimes it pays to be watching a few other pairs as go-to-pairs.

ps. I'm still looking for a suitable entry on EU but am also looking at AU, GU and one other volatile pair.

Masterrmind............

Master your Mind then Master your Trades

#21,827
Nov 25, 2016 5:10am Nov 25, 2016 5:10am

Masterrmind
Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts

Quoting Masterrmind

Disliked

EURUSD [M5 Chart] {image} Looking to get into the market by longing the euro. Observation time! ps. do not dwell on where I have the Fib drawn it is highly discretionary and does not really form a major part of my eventual entry. pps. the focus should be on the order flow. Masterrmind............

Ignored

Attached Image (click to enlarge)

PA not what I'm liking.

Range bound currently as shown on the chart.

No entry at this stage.

Masterrmind............

Master your Mind then Master your Trades

#21,828
Nov 25, 2016 6:10am Nov 25, 2016 6:10am

Wolves77
| Joined Jul 2014 | Status: Trader | 84 Posts

Quoting Wolves77

Disliked

{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

Ignored

Hi mr. pip, after watching again i got the message much better, i can see now that as the session went on i started to switch between different orderflow expectations, this was a subtle thing that happened after hours in the market and i can see the importance of not getting sidetracked.
by the way, great job on interpreting what i was trying to say in that post, you nailed those 5 points exactly like what was going on in my head at the time.

finally, just worth a mention but the line you thought i drawed at the top was just my broker showing the current price and the thickness of the spread.

#21,829
Nov 25, 2016 6:28am Nov 25, 2016 6:28am

Mr. Pip
| Membership Revoked | Joined Jul 2010 | 9,273 Posts

Quoting Wolves77

Disliked

{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...

Ignored

Okay, like I mentioned in my post you can always go back and at some point find something that conflicts your thinking remember that the market doesn't just travel in one direction. Expectations fail, order flow changes and so on. I always ask myself What is the market working towards? In this case there was major breakdown in the bearish order flow. The market in the in the long term failed to continue down into a NSL which was the main swing you made reference to. That created a HL and price started to climb. At this point You have to at the very least that price is breaking down to some extent and a possible complex correction.

Okay great! this means caution with shorts. Where does a 1:1 or ABCD put price since the market strives for symmetry? At a NSH? Possible change in expectation may be coming order flow is breaking down for the bears as depth on the corrections are increasing. At this point given the facts what would tend to be higher probability trades shorts into structure or longs from structure? You have to consider the context and framework of the order flow. Just because the market produces a NSL way back somewhere doesn't mean it will keep doing that.

If you fail to plan, you plan to fail.

#21,830
Nov 25, 2016 6:30am Nov 25, 2016 6:30am

Aj1
| Joined Mar 2011 | Status: Trader | 384 Posts

Great Video D

I was having the same problem as Wolves, I can now see how I should be looking at the market.

The fog is lifting

Thanks D

Regards Aj1

#21,831
Nov 25, 2016 6:31am Nov 25, 2016 6:31am

Mr. Pip
| Membership Revoked | Joined Jul 2010 | 9,273 Posts

Quoting Dfn

Disliked

Nice Thread Mr. Pips! I figure out Bat pattern on EU and AU. What do you think? Is that the right pattern and a good one? Also, I have a question regarding to PRZ. When the PRZ already determined for example Bat Pattern. Do you put the SL exactly at X point or you find a S&R close to the X point? Haven't finished reading this good Thread. Sorry if this question ever been asked {image} {image}

Ignored

The rules are posted in the attachment section put stops always go above or below X depending on if you are bullish or bearish by 10 points. if there is structure near by even better.

If you fail to plan, you plan to fail.

#21,832
Nov 25, 2016 6:38am Nov 25, 2016 6:38am

Mr. Pip
| Membership Revoked | Joined Jul 2010 | 9,273 Posts

Quoting Wolves77

Disliked

{quote} Hi mr. pip, after watching again i got the message much better, i can see now that as the session went on i started to switch between different orderflow expectations, this was a subtle thing that happened after hours in the market and i can see the importance of not getting sidetracked. by the way, great job on interpreting what i was trying to say in that post, you nailed those 5 points exactly like what was going on in my head at the time. finally, just worth a mention but the line you thought i drawed at the top was just my broker...

Ignored

LOL though it was some support or resistance. Thank you. I also added to your post when you asked your other question and I don't think you are a pain in the ass. If I fail to answer something completely or I don't make sense then I rather you ask again. I could have misunderstood the question or not answered it completely. I'm human too, could of had a brain fart.

If you fail to plan, you plan to fail.

#21,833
Nov 25, 2016 6:39am Nov 25, 2016 6:39am

Mr. Pip
| Membership Revoked | Joined Jul 2010 | 9,273 Posts

Quoting Aj1

Disliked

Great Video D I was having the same problem as Wolves, I can now see how I should be looking at the market. The fog is lifting Thanks D Regards Aj1

Ignored

Great AJ good to see you!

If you fail to plan, you plan to fail.

#21,834
Nov 25, 2016 6:41am Nov 25, 2016 6:41am

Mr. Pip
| Membership Revoked | Joined Jul 2010 | 9,273 Posts

Well Traders, I thought about trading today but my family is hear and they want to do stuff and decorate the house for Christmas so I'm going to take the day off from trading I will check in throughout the day on the thread and answer questions so post, post, and post. Have a fantastic weekend and we are back at war on Monday.

If you fail to plan, you plan to fail.

#21,835
Nov 25, 2016 6:49am Nov 25, 2016 6:49am

Masterrmind
Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts

Quoting Mr. Pip

Disliked

Well Traders, I thought about trading today but my family is hear and they want to do stuff and decorate the house for Christmas so I'm going to take the day off from trading I will check in throughout the day on the thread and answer questions so post, post, and post. Have a fantastic weekend and we are back at war on Monday.

Ignored

Enjoy the time with your family Damian.

Its looking like today might be a difficult one to trade in any case.

ps. I'm still looking ... cautiously.

Masterrmind.............

Master your Mind then Master your Trades

#21,836
Nov 25, 2016 7:20am Nov 25, 2016 7:20am

x3m-PippiN
| Joined Sep 2016 | Status: Trader | 585 Posts

Great video Mr.Pip. It's a nice complimentary to previous orderflow videos. Have a great day and weekend with your family and see you on the battlefield on Monday

Just a reminder for everyone trading futures that today the market is closing earlier.

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#21,837
Nov 25, 2016 7:35am Nov 25, 2016 7:35am

Masterrmind
Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts

GBPJPY [M5 Chart]

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Looking for price to drop a little lower and then an opportunity to go long depending on PA.

Lets see what PA does down lower in the zone.

Observation time.

Masterrmind.............

Master your Mind then Master your Trades

#21,838
Nov 25, 2016 8:27am Nov 25, 2016 8:27am

Masterrmind
Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts

Quoting Masterrmind

Disliked

GBPJPY [M5 Chart] {image} Looking for price to drop a little lower and then an opportunity to go long depending on PA. Lets see what PA does down lower in the zone. Observation time. Masterrmind.............

Ignored

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