Ratios & Harmonics: a Different Way to Trade

Quoting Mr. Pip

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{quote} Agree at least his stop needs to be above that zone.

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Quoting SteeP7

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{quote} Shorts should come from this structure area in my opinion. {image}

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Quoting SteeP7

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Set it to BE and let it ride... {image}

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Quoting pereiraalex

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{quote} Yeah ... I was looking at it also. could it be doing something like this ? {image}

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Quoting Maule

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Hi Mr Pip. Could you give some assistance on my analysts. GBP/USD 4 Hour Chart. Bullish Bat. Using Hiken Ashi Candles to smooth out price. I'm a little concerned how it bounced off of the D only to retest. Thought it would of rallied strong at the first attempt is this a sign of weak bulls? {image}

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Quoting juriFX

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Hi was trying a setup on AUDUSD 5m today {image} Do you think this was a bad setup? I liked it because of the previous bull strength and then 2 NSH and the NSL failing... Only thing was the strong bear momentum into demand/support.

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Quoting pereiraalex

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{quote} Thanks. Its ok, take your time. I am having alot to study about harmonic trading and "no indicators trading". Well ... for me, it could be every day So, whenever its good for you. May I just through out an idea ? I use the tradingview website to trade, its really good for charts. But its excelent for chat and sharing charts ( just a click of a button, and chart shared to the chat room ). What do you think of creating a "Mr. Pip Room" there ? The free version has everything needed.

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Quoting pereiraalex

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Example of doubts that go into my mind, written in the chart: today's uk100 in 5 minutes Timeframe. Questions are in red. I guess when the corrections come, especially if they are complex, its a problem, now that I am without indicators. And I cannot even look at putting one, not even for a second, because it will influence my ideas. {image}

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Quoting Dfn

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Hello Mr. Pip, I opened a trade on UJ it seems to be an aggressive C move. {image} Reasons: 1. It's between Fibo 61 - 76 2. The yellow line seems to be a good confluence and a Double top is formed there. 3. TP at 61 of BC. I read it could be until AB=CD is completed, but I saw in H1 TF it is against the trend. What do you think about this?

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Quoting Dfn

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{quote} Thank you for your answer MR . Pip, Yes, I saw on H1 TF the order flow is still up. For the supply area that you mention, Is it this? (the yellow on the above) {image} Also, How do you differentiate a Double Top and a retest? Does a double top formed if the price is higher from the previous NSH?

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Quoting Mr. Pip

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{quote} I will look into it the problem is that it will fill up with people looking to copy my trades and not interested in learning. I would be making people lots of money and that is not fair to me or the people that pay me for my skill set. If I ever had a room is would have to be a paid room. To be fair to everyone. I hope you understand. I love to teach and help but we all know what would happen.

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Quoting Mr. Pip

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{quote} I have answered this in a video hope it helps. https://youtu.be/SDprRQHT7Tw

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Quoting Masterrmind

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EURUSD [M5 Chart] {image} Took a short ... looking for 10-20 pips market willing. {image} 2 lots (drastically reduced position sizing) only applied since its on a riskier entry and its that time of the year. Looking for upper resistance to hold. Looking for price to pullback into structure. If this trade collects my TP I will then be looking to go long to follow the order flow up the chart. Masterrmind............

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Quoting Masterrmind

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{quote} EU - update Closed out for +1.3 pips ........ {image} Closed out the short entry unfortunately due to what appeared to be an aggressive rotation in price brought about by the bulls. I will be looking for another entry very soon .... Masterrmind............

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Quoting Masterrmind

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{quote} EU {image} Magenta (pink horizontal line identifies an interesting area in terms of chart structure) which suggests if price looking to push hard away from this area there could be several pips for the taking but lets see what happens. Looking for opportunities in either direction. Long side appeals at this stage but lets just be patient and see how this last M5 candle completed. Note: I will only trade the euro pair today and continue to follow and take entries based on PA, order flow and chart structure; major aim being to add up as many...

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Quoting Masterrmind

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{quote} EU {image} Simply continuing to follow PA across the chart. Currently price is compressing so I see no entries under these conditions. Trendlines applied to the chart for emphasis purposes only ... triangle obvious in this case. Although no trade is sought immediately I will continue to monitor PA since the market has a habit of shooting off nicely in one direction when the trader is not watching the chart (audible price level alerts are a useful tool to apply here). Note: the price alerts are not there for a breakout of price from the triangle...

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Quoting Masterrmind

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{quote} EU - looking for a possible short entry {image} If I enter I will post it. Masterrmind...........

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Quoting Masterrmind

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{quote} EU Now short. {image} If price hits the magenta colored line I will look to lock in BE+ a few pips since it represents a possible structural bounce area. This action seeks to minimize risk on the trade as soon as reasonably possible. Masterrmind...........

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