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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

  • #23,941
  • Jan 23, 2017 8:45am Jan 23, 2017 8:45am
Quoting stavrogijn
{quote} Not to take away Mr. Pip's answer, but maybe steer you in the right direction: He advises to move to BE at the first test of structure (read support or resistance zone). Where you expect a reasonable reaction of price, you move to BE to protect your risk. This also means that you only take trades that provide you with enough room to the next structure, so that you can move to break even when price gets there and still have a good chance of not getting taken out when price reacts to that structure and pulls back a bit.
Bravo!
If you fail to plan, you plan to fail.
  • #23,942
  • Jan 23, 2017 8:47am Jan 23, 2017 8:47am
Quoting juriFX
{quote} (USDJPY continued) Short term aligning with longer term expectation? uj 5m short term.png;2151408 Bears have still some volume but weakening, I'm long now. EDIT: and now this rotation candle showed up uj rotation.png;2151436 {image} {image}
Short term fulfilled new expectation, now it's open if price wants to continue with the longer term expectation:
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Still long as I'm playing the longer term order flow.
the 3rd wave is the crowd's wave
  • #23,943
  • Edited 12:49pm Jan 23, 2017 8:51am | Edited 12:49pm
Abcd completed. now down trending.

Watching now the 61.8 and 78.6 area price action
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #23,944
  • Jan 23, 2017 8:52am Jan 23, 2017 8:52am
and long: nice confluence of factors
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  • #23,945
  • Jan 23, 2017 8:54am Jan 23, 2017 8:54am
Quoting kelvinyun
Hi guys... something has been puzzling me for weeks already. When there are consecutive failed expectations, at what point do we classify a new NSL or NSH? Eg, the scenario below. Untitled.jpg;2148466 {image}
There was only one expectation failure in this example. Your A is a retest of a low that would invalidate the expectation. What this tests you is that more often then not in these situations the continuation to the upside has severely weakened and I would not expect price to continue climbing much longer. A retest of the high or a weak NSH may be the best case scenario.

Price went on to produce a NSH your point B and only if price trades below A does the expectation change.
If you fail to plan, you plan to fail.
  • #23,946
  • Jan 23, 2017 8:56am Jan 23, 2017 8:56am
Quoting x3m-PippiN
{quote} Nice patterns Ren ... but what do they have to do with Mr.Pip's method ?
2 leg pullbacks are harmonic
  • #23,947
  • Jan 23, 2017 8:57am Jan 23, 2017 8:57am
Quoting vqtrader
Got away from computer to spend the day with wife for our anniversy. hope charts make sense. Heading to work but wanted everyone here to see my thought process. I am one of those people who cares about growth in all aspects and my trading is no different. I tried learning from previous days session on watching bar by bar closer for accurate entry after the webinar because that was why my drawdown was huge. I had one more day off so that was my focus. The issue was watching bars but forgot to look at EVERYTHING in trade context terms ie pitch of...
Hello James, I will review the video you send me and get back to you. Looks like a case of tunnel vision and losing your situational awareness. Hand in there!
If you fail to plan, you plan to fail.
  • #23,948
  • Jan 23, 2017 8:57am Jan 23, 2017 8:57am
Quoting Mr. Pip
{quote} Hello, I'm still not doing well but will catch up today and look to trade tomorrow. As to when to move stops to a break even point. There are two scenarios we trade as traders regardless or what people might think: 1. A correction- These are found at point D of patterns and after a continuation or what other traders call an impulse move or leg. The breakeven for this should be at the 38% correction point of the main swing. 2. A continuation- This is the C to D leg of the patterns and you are looking to benefit from the expectation of next...

Sorry You are not feeling well.
I well be back when the Hi-Jack is over.
  • #23,949
  • Jan 23, 2017 9:07am Jan 23, 2017 9:07am
Quoting kelvinyun
Dear Mr Pip, Homework for your comments and advises please whether or not i did any mistake in labeling, or making conclusion.. Untitled.jpg;2148932 Subsequently this is what happened.. Untitled2.jpg;2149351 {image} {image}
Nice work Kelvin! The little things are not worth mentioning and they should auto correct with more practice. I am pleased with your work.

I will mention that try not to hold price to a specific fib correction point. Take the main swing and three levels of structure to the left that would affect the correction. Then asses which one is the strongest and that will most probably be the one to stop the correction. These three levels would also have you look closely at which of the three level to focus more on in terms of your expected order flow correction.
If you fail to plan, you plan to fail.
  • #23,950
  • Jan 23, 2017 9:20am Jan 23, 2017 9:20am
Quoting rocky
ES 03-17 (2584 Volume) 1_20_2017.jpg;2149269 {image}
Hello Rocky,

I take no offense to you disagreeing with a few thing that I've said. I certainly don't claim to have all of the answers and value you contribution to the thread with the highest regard and respect. Its true that our trading styles differ in was and have some similarities in others. I believe we both care most about price action and order flow but have different methods and tools to capture it and exploit strength and weakness. I would not take offense to you comments or post.

At the end of the day was are ants climbing a mounting in this business and we both seem to mange being consistently profitable and that is what really matters.

I hope this will not be your last post. As we are here to learn from each other. Believe it or not every now and then I learn something from the younger traders through their experiences. I invite you to keep posting at will and I hope that your disagreeing with me was not the ultimate reason for your decision.
If what I said offended you then I am also sorry I try real hard not to offend any one and respect everyone's opinion.
If you fail to plan, you plan to fail.
  • #23,951
  • Jan 23, 2017 9:23am Jan 23, 2017 9:23am
Quoting Mack2013
{quote} great job Mr.Pip. Your getting a real nac for this. your speach is clear and consise. To the point and easy to understand even for a dummy like myself. lol! I'll be going over it again this weekend. I really appreciaste your thoughts on patience. I've been struggling with jumping the gun on trades. Something I'm currently working on. Sort of getting better with as well. Do people reallly make money in the markets looking to the stars and planets? I wonder how Mrs. Cleo is at timing trades I'll have better questions on the...
Everyone makes claims and sell books. LOL
If you fail to plan, you plan to fail.
  • #23,952
  • Jan 23, 2017 9:24am Jan 23, 2017 9:24am
YM +5, +34 = +39 total

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  • #23,953
  • Jan 23, 2017 9:31am Jan 23, 2017 9:31am
Quoting S41nt
It has been a journey following this thread. I started in October and i can finally say I have caught up to this and finally feel i can post. I have been testing each and every lesson and learning as I go through this. I would like to thank Mr. Pip for this amazing learning tool and thread and hope that i can contribute and help others here learn as well. Also seeing Jmezz progress as a trader throughout this was absolutely fascinating so props to you brother. My goal is to be consistently making profit by the end of this year but enough about me,...
Looks good although you did not have the best of rooms don't be afraid to just go to a breakeven and still give the trade the opportunity to achieve your goal.
If you fail to plan, you plan to fail.
  • #23,954
  • Jan 23, 2017 9:37am Jan 23, 2017 9:37am
Quoting maxx7
Hi Everybody, Good Morning. Friday was a hard day... I had almost always bad experiences tradind Fridays but, as I saw and heard Mr.Pip trading these days normally and managing trades as usual, I am committed to follow the teaching and do simply the same. With time I am confident it will also erase my negative mental bias toward this specific trading day of the week, which I am sure plays its role in my decisions...at least at a subconscious level. But we are here to slay the Dragon, right? And rinse and repeat, and again, and move on. So, first...
The issue with your second trade was that price had made a NSL and you trades against that expectation.
If you fail to plan, you plan to fail.
  • #23,955
  • Jan 23, 2017 9:38am Jan 23, 2017 9:38am
eurusd going higher
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  • #23,956
  • Jan 23, 2017 9:47am Jan 23, 2017 9:47am
Quoting juriFX
Trying to understand and train this trend expectation and order flow trading approach to see how I can integrate this knowledge in my trading plan. There's so much free quality content around, especially in this thread. Going to focus here for a while, hope you don't mind my charts and please comment if you see any mistakes or have a different opinion. The best learning experience is when you teach EU 5m eu 5m.png;2151134 After the strong move up, not so much convinced to see such a deep RT. But for a good R:R I'm not looking for an entry...
It would definitely offer you the best RR but price may just not get there. It would not be crazy to look for an entry in your first demand zone just enter with a smaller position size and give yourself some options.
If you fail to plan, you plan to fail.
  • #23,957
  • Jan 23, 2017 9:49am Jan 23, 2017 9:49am
Quoting jmezz
YM +5, +34 = +39 total Screenshot2.png;2151722 {image}
YM +10 on small bounce, total +49 for today.

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  • #23,958
  • Jan 23, 2017 9:51am Jan 23, 2017 9:51am
Quoting Ren1058
This has also turned out to be the change of trend pattern I mentioned a few posts ago(see annotation) good luck {image}
This is a very retail way of trading. Would you rather find better pricing by understanding order flow breakdown and expectation failures?
If you fail to plan, you plan to fail.
  • #23,959
  • Jan 23, 2017 9:56am Jan 23, 2017 9:56am
Quoting pereiraalex
{quote} I feel my trading is progressing in a very good direction. I have to admit, after starting reading this thread and saying goodbye to indicators, I felt a little lost in the last weeks. But since last week's wednesday, I am starting to get a sense of the market, and having alot of good guesses of what moves it will do and more importantly, I am starting to have a good idea at what areas it usually either resumes or reverses. I feel that this was the major breakthrough for me last week: What areas really matter and I should wait for market...
Don't think like that we don't trade on luck and we don't guess. Square up soldier believe in yourself and in your developing process. Hold price accountable to the expectation. If it fails see if you have made a mistake you know have the date that would tell you if you did. Then realign yourself and press on.
If you fail to plan, you plan to fail.
  • #23,960
  • Jan 23, 2017 10:02am Jan 23, 2017 10:02am
Ok Traders Looks like I've caught up If I've missed something or someone yell and I'll address it. I'm going back to bed and try to be here for trading tomorrow.
If you fail to plan, you plan to fail.
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