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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

  • #22,701
  • Dec 16, 2016 3:35pm Dec 16, 2016 3:35pm
Quoting jmezz
Have a great weekend everyone! Major shoutout Damian for the livestream yesterday as well as the constant supply of information and support you provide to all of us here in the thread. Awesome to see all the participation, looks like it's ramping up on a continued pace.
Thank you! I am pleased with the participation. Let's keep it up!
If you fail to plan, you plan to fail.
  • #22,702
  • Dec 16, 2016 3:41pm Dec 16, 2016 3:41pm
Quoting Mr_Burns
{quote} Thanks, you too! I also would like to join in on the appreciation for Damian and the great teaching he provides, truly awesome material! Here's my favorite motivational clip to all of you who's on the journey to become a successful trader: https://youtu.be/hbkZrOU1Zag
Very appropriate! Embrace your grind never surrender to it! Thank you! I will never forget how long and painful my journey was. Hopefully I can make yours easier then mine was.
If you fail to plan, you plan to fail.
  • #22,703
  • Edited 3:23am Dec 17, 2016 3:07am | Edited 3:23am
ag c + ab=cd ...
test only...
Attached Image(s) (click to enlarge)
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  • #22,704
  • Dec 17, 2016 7:42am Dec 17, 2016 7:42am
Quoting Harmonic1976
{quote} Personally I would break that gigantic swing into 3 swings, Mr. Pip may consider it different. Overall the structure is bullish but where would you go long? At what point? Your stop would technically need to be below that entire structure if the expectation is another long leg up. See attached chart, I would automatically switch to a bearish view if the last "HL" was taken out and trade the orderflow downward. I should have drawn the first swing to the first NSH a little further to the right - so you could see the momentum of the projections....
Thanks !

My overall bias is also bullish, but seems momentum is gettting lost. The whole swing is needing a correction.

The considering whole swing or 3 little swings is what I will need to figure out, because at what HL will I change expectation.

Thank you for your feedback!
  • #22,705
  • Dec 17, 2016 7:45am Dec 17, 2016 7:45am
Quoting Mr. Pip
{quote} I would say to keep it simple. Use one chart one time frame that way you don't confuse the order flow. Your trading time frame should be able to provide you with the information you need. Train your eyes to pick up what is important. The less step the cleaner and more efficient you will become.
Thanks for the feedback

Actually, 2 TF is less I almost always traded using 3 Timeframes. ( One bigger and one smaller than the main timeframe ).

I will have to practise in identifying order flow and structure, where to put the HL and LH, because those are the key.
  • #22,706
  • Dec 17, 2016 10:05am Dec 17, 2016 10:05am
Quoting pereiraalex
{quote} Thanks ! My overall bias is also bullish, but seems momentum is gettting lost. The whole swing is needing a correction. The considering whole swing or 3 little swings is what I will need to figure out, because at what HL will I change expectation. Thank you for your feedback!
That will depend on what order flow you are addressing and how it fits in the context of longer term. Remember what is the market working towards. Price doesn't mobve in straight lines but if we understand what it is working towards the you can usually not lose sight what is important to keep an eye on.
If you fail to plan, you plan to fail.
  • #22,707
  • Edited 11:20am Dec 17, 2016 10:07am | Edited 11:20am
Quoting pereiraalex
{quote} Thanks for the feedback Actually, 2 TF is less I almost always traded using 3 Timeframes. ( One bigger and one smaller than the main timeframe ). I will have to practise in identifying order flow and structure, where to put the HL and LH, because those are the key.
You should be able to see it all in one time frame (your trading time frame). Make it a goal to work towards less steps, lest thing to have to process. Work towards one time frame.
If you fail to plan, you plan to fail.
  • #22,708
  • Dec 17, 2016 10:10am Dec 17, 2016 10:10am
Quoting adai123
ag c + ab=cd ... test only... {image} {image}
Don't really see a question but I will make a video on this and post it today. There are some things that I want to address in this chart. So stay tuned. I will make and post it today.
If you fail to plan, you plan to fail.
  • #22,709
  • Dec 17, 2016 11:44am Dec 17, 2016 11:44am
Quoting adai123
ag c + ab=cd ... test only... {image} {image}
Hello,

Thank you for posting your work. I'm not sure what the question is or what you are trying to show me so I decides to make a video to address what I may believe the issue is here and to also turn it into a general learning opportunity. Here is the link to the video.

https://youtu.be/CFbyEenpa8o
If you fail to plan, you plan to fail.
  • #22,710
  • Dec 17, 2016 12:28pm Dec 17, 2016 12:28pm
Quoting Mr. Pip
{quote} Hello, Thank you for posting your work. I'm not sure what the question is or what you are trying to show me so I decides to make a video to address what I may believe the issue is here and to also turn it into a general learning opportunity. Here is the link to the video. https://youtu.be/CFbyEenpa8o
Nice job Mr. Pip. Based on the fib, I assume he meant aggressive C. You did address the fib in the video.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #22,711
  • Dec 17, 2016 12:33pm Dec 17, 2016 12:33pm
Those using ninja trader does anyone know how to see data. I am getting up to december 15th. That was why I could not trade friday. I have used F5 function to reload data but nothing. Any help would be great. I have been using Simulated Data feed as a connection for demo account. just trying to get setup for next week. thanks. Also used "days to load" in the data series under properties.
Attached Image (click to enlarge)
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Empower Your Mind
  • #22,712
  • Dec 17, 2016 12:36pm Dec 17, 2016 12:36pm
Quoting vqtrader
Those using ninja trader does anyone know how to see data. I am getting up to december 15th. That was why I could not trade friday. I have used F5 function to reload data but nothing. Any help would be great. just trying to get setup for next week. thanks {image}
I think there is a bug with it. It happened to me. I right clicked on the chart and selected reload historical data and it was fine. I had to do that again today before I made the video because the chart looked incomplete.
If you fail to plan, you plan to fail.
  • #22,713
  • Dec 17, 2016 12:40pm Dec 17, 2016 12:40pm
Quoting Mr. Scott
{quote} Nice job Mr. Pip. Based on the fib, I assume he meant aggressive C. You did address the fib in the video.
I hope so wasn't exactly sure about the second image with the red X what he was trying to say. I guess we will find out when he sees it and post. I might have not mentioned it in the video but I certainly have in others. We can't always hold price to s specific price level. Price may fall short or slightly past a completion and that is okay.
If you fail to plan, you plan to fail.
  • #22,714
  • Dec 17, 2016 1:06pm Dec 17, 2016 1:06pm
Quoting Mr. Pip
{quote} I think there is a bug with it. It happened to me. I right clicked on the chart and selected reload historical data and it was fine. I had to do that again today before I made the video because the chart looked incomplete.
Thanks will give it a go
Empower Your Mind
  • #22,715
  • Dec 17, 2016 2:55pm Dec 17, 2016 2:55pm
Quoting vqtrader
{quote} Thanks will give it a go
maybe related to Futures contracts roll over
It's a dirty job but someone's gotta do it!
  • #22,716
  • Dec 17, 2016 3:39pm Dec 17, 2016 3:39pm
Quoting LaBoca
{quote} maybe related to Futures contracts roll over
I check his chart he is on the correct month
If you fail to plan, you plan to fail.
  • #22,717
  • Dec 17, 2016 3:48pm Dec 17, 2016 3:48pm
Quoting Mr. Pip
{quote} Hello, Thank you for posting your work. I'm not sure what the question is or what you are trying to show me so I decides to make a video to address what I may believe the issue is here and to also turn it into a general learning opportunity. Here is the link to the video. https://youtu.be/CFbyEenpa8o

This video was helpful to me to see how you analyze that trade area, I took a trade a bearish trade with eurusd in that area but it didn't work out. My analysis is getting much better, entries are becoming very good, understanding value (supply/demand/balance) areas is getting very good, but I can see where I'm still missing some of the pieces with assessing opposing strength - changing of the guard (bulls taking control from bears and vice versa).

These last two videos that you've posted are helping me see that with a different light. Thank you!
  • #22,718
  • Dec 17, 2016 6:52pm Dec 17, 2016 6:52pm
Quoting Harmonic1976
{quote} This video was helpful to me to see how you analyze that trade area, I took a trade a bearish trade with eurusd in that area but it didn't work out. My analysis is getting much better, entries are becoming very good, understanding value (supply/demand/balance) areas is getting very good, but I can see where I'm still missing some of the pieces with assessing opposing strength - changing of the guard (bulls taking control from bears and vice versa). These last two videos that you've posted are helping me see that with a different light. Thank...
You are very welcome. I felt there was a lesson there for all so the video gave me the opportunity to use the example and make it useful for everyone.
If you fail to plan, you plan to fail.
  • #22,719
  • Dec 17, 2016 7:01pm Dec 17, 2016 7:01pm
Video is very helpful how to see Recent Swing High , Low and how to draw Fibs.
Sir is it possible to make Fib numbers 88.6,78.6,61.8,50,38.2 display on ur fibs
will u please explain Tick chart, Bar chart differences and advantages
which is best for new traders and how to select on mt4
Sorry for dumb question, im new and learning
  • #22,720
  • Dec 18, 2016 6:52am Dec 18, 2016 6:52am
Quoting Naidu
Video is very helpful how to see Recent Swing High , Low and how to draw Fibs. Sir is it possible to make Fib numbers 88.6,78.6,61.8,50,38.2 display on ur fibs will u please explain Tick chart, Bar chart differences and advantages which is best for new traders and how to select on mt4 Sorry for dumb question, im new and learning
Hello and welcome to the thread. You don't really need the 88.6 unless you are trading harmonic patterns like the Bat. Yes you can add or edit the ratios in MT4. I have not use that platform in over 12 years so I don't remember much. I think if you right click on the active squares in the corner of the fib you can then go to properties and edit it then. Maybe someone here can guide you better then I.

The major differences between candle sticks and bars ore only in appearance. They both tell you the same information. The open, high, low and close. I use candle sticks because visually my eyes see it easier then the little sticks on the bars.

There are major differences on how the information is gathered to print the candle. MT4 has major limitation on this matter and crafty programmers have tried to capture many different ways to capture the data and print different type of candles. I can't tell you how accurate or how effective the data is.

The differences between the Tick chart and other type like time based charts is narrowed down to how data is collected and then represented on the price chart. Tick charts count transactions so you are getting a clear assessment of buying and selling transactions. I believe this gives me an edge because I can see on the chart with more accuracy buying vs selling. Time based chart capture the same but based on time. Volume the same base on volume and you get the point. Any chart as long as it is price driven will be good to trade with. The differences will more then anything affect the timing on your entry which is very important to me as a wholesale trader. Also the more specialized type of chart smooths out the swings and gives you better information to work with but that is my opinion. I can trade with either if I had to.

At some point and that point varies from trader to trader you have to make the decision if this is your calling and the business you want to live off of. This should be treated like a business or you won't get very far at all. Then you have to arm yourself with the tools you need to be successful and the tools that will make your job easier. I hope I have answered your questions.
If you fail to plan, you plan to fail.
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