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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

  • #24,521
  • Jan 31, 2017 11:17am Jan 31, 2017 11:17am
Quoting x3m-PippiN
{quote} I'd say that one of the reasons is because there are a lot more bars being printed on a 233 tick chart as opposed to a time based chart . To get the same amount of bars on a time based chart you would have to watch a 30 second or 1 minute chart. I noticed the difference when I switched from spot fx to futures. And I never want to go back to trading time based charts with this method.
Yeah there's 0 chance I could ever go back to trading strictly time-based charts.
  • #24,522
  • Jan 31, 2017 1:52pm Jan 31, 2017 1:52pm
Quoting Arvs7
HI all iam new here. Looking for this tread for some time and trying to learn all stuff Mr. Pip gave to us. Thanks for that. Today i got into trade USDGBP 5m TF: https://gyazo.com/67cb662182beb0be5afa65c7c82efab4 And fave some questions aboutthis trade: 1)do u think its good place to enter at his point? 2)my expectation was to get lower low is there a reason for that? 3)i made a decided to move my SL to BE after i get to line around 1.2490? https://gyazo.com/728988bb3bac25a3455a0ff6aed22f8d 4) and it did reached it. then i...
Arvs, please post your charts as an upload. I don't like to click on links like this. We will be able to help guide you but post it correctly.
If you fail to plan, you plan to fail.
  • #24,523
  • Jan 31, 2017 1:59pm Jan 31, 2017 1:59pm
Quoting kelvinyun
{quote} Yup. I try not to trade against expectations.. but sometimes the greedy part of me surfaced. Cos usually counter trend trades r usually high risk reward.
Trading against an expectation is not greedy. There has to be a case to doing so but it is not greed. I trade against expectations from time to time.
If you fail to plan, you plan to fail.
  • #24,524
  • Jan 31, 2017 2:02pm Jan 31, 2017 2:02pm
Quoting jmezz
{quote} I think what happened is someone created a "Damian" algo and they've got all your trades mapped out
Those bastards.
If you fail to plan, you plan to fail.
  • #24,525
  • Jan 31, 2017 2:07pm Jan 31, 2017 2:07pm
Quoting marwan71
Mr. Pip. Ived noticed that almost every day they will be trading opportunity on YM , where is not the same case for one currency example EUR/USD. is its something related to YM characters?. Im sure one of the reason is your great experience to find trades every day at YM
I didn't have issues getting entries in FX either but the Futures market offers a much more professional trading environment with way better range.
If you fail to plan, you plan to fail.
  • #24,526
  • Edited 3:45pm Jan 31, 2017 3:35pm | Edited 3:45pm
Okay Traders,

I managed to get through the short video without much coughing. I wanted to make it to address the charts posted over the weekend and another one as well as a recap of my session today. It is fast paced but I hope it will bring home some of the points I talk about in the lessons I have shared with you all.

Give me your feed back and see you all on the battlefield tomorrow.

https://youtu.be/m0Vad4SnZ04
If you fail to plan, you plan to fail.
  • #24,527
  • Jan 31, 2017 10:27pm Jan 31, 2017 10:27pm
Quoting Mr. Pip
Okay Traders, I managed to get through the short video without much coughing. I wanted to make it to address the charts posted over the weekend and another one as well as a recap of my session today. It is fast paced but I hope it will bring home some of the points I talk about in the lessons I have shared with you all. Give me your feed back and see you all on the battlefield tomorrow. https://youtu.be/m0Vad4SnZ04
Thank you for the explanation. I'm truly overwhelmed by how much information you have extracted from the charts.

Two important lessons implied:

1) Put ourselves in another's shoes. If we want to buy, then we better think what the sellers would want to do.

2) Bar by Bar the whole chart! It's pretty difficult for me to do that now. I need about 5 sec to analyze each bar. Hope I can improve on this.

By the way, to the other readers out there, the YELLOW HORIZONTAL LINES are support resistance levels. They were drawn ages past.. weeks before. And price keep respecting the zones so I never erase those lines after drawing.
  • #24,528
  • Feb 1, 2017 12:33am Feb 1, 2017 12:33am
Quoting Mr. Pip
{quote} Arvs, please post your charts as an upload. I don't like to click on links like this. We will be able to help guide you but post it correctly.
I have fixed the post. Thx for helping us !
  • #24,529
  • Feb 1, 2017 1:05am Feb 1, 2017 1:05am
GA , double shoot Agrassive C lol . Dont try this at home
Butterflu forming you can see X,A,B,C and PRZ , so I saied till it go to PRZ i will take it their too .
Now breakeven at structure 17+ Pips
Attached Image (click to enlarge)
Click to Enlarge Name: temp.png Size: 128 KB
  • #24,530
  • Feb 1, 2017 1:08am Feb 1, 2017 1:08am
I fix the PRZ area , its now from AB 161, as per rule :
Attached Image (click to enlarge)
Click to Enlarge Name: temp2.png Size: 104 KB
  • #24,531
  • Feb 1, 2017 1:22am Feb 1, 2017 1:22am
out at 1+ pips . hit my breakeven, Its not as per rule the trade as expectation is NSH . and i believe butterfly pattern will fail
  • #24,532
  • Feb 1, 2017 2:49am Feb 1, 2017 2:49am
Looked at EU 1m today and this market state makes it really difficult so this was my initial thought:
Attached Image (click to enlarge)
Click to Enlarge Name: EU 1m range confusion.png Size: 81 KB

Expectation failure after failure (range).

So if we look at the different order flow scales, it becomes a bit clearer:
Attached Image (click to enlarge)
Click to Enlarge Name: EU 1m different OFs.png Size: 137 KB


Complex correction until longer term OF continues up again?
But looking at a 5m chart, looks like the bears are accumulating volume?
Any idea or advice how to handle this complex market conditions to avoid stringing a few losses?
the 3rd wave is the crowd's wave
  • #24,533
  • Feb 1, 2017 3:28am Feb 1, 2017 3:28am
Thats my EU analisys :
Attached Image (click to enlarge)
Click to Enlarge Name: temp3.png Size: 76 KB
  • #24,534
  • Feb 1, 2017 3:31am Feb 1, 2017 3:31am
Quoting juriFX
Looked at EU 1m today and this market state makes it really difficult so this was my initial thought: EU 1m range confusion.png;2166683 Expectation failure after failure (range). So if we look at the different order flow scales, it becomes a bit clearer: EU 1m different OFs.png;2166688 Complex correction until longer term OF continues up again? But looking at a 5m chart, looks like the bears are accumulating volume? Any idea or advice how to handle this complex market conditions to avoid stringing a few losses? {image} {image}
Dear JuriFX, Ived posted this before but im glad to post it again hope it will help :
One tips i noticed someone can correct me too, most welcome :

They will be lot of swing to trade, we don’t confuse our self which one to choose , here is the best check list i found:

1- Clear NSH / NSL any size of pips is ok since it meet the rest criteria’s
2- signal to be ready to enter: fib level that meet swing depth and hit fib level + structure
3- Entry : Good RR (not just 2:1 or 3:1,,,,ect but most important the price when it hit first structure you can move to breakeven and still some good space price will move in your favour not hitting your breakeven quick
{C}1- Price has good movement at that trading sessions that will reach your target and not keep it till next day as you will not be able to trail it in case you went out of your trading station
  • #24,535
  • Feb 1, 2017 3:34am Feb 1, 2017 3:34am
UC has pattern of ABCD forming , at D i will consider long :
Attached Image (click to enlarge)
Click to Enlarge Name: UC.png Size: 142 KB
  • #24,536
  • Feb 1, 2017 3:50am Feb 1, 2017 3:50am
Quoting juriFX
Looked at EU 1m today and this market state makes it really difficult so this was my initial thought: EU 1m range confusion.png;2166683 Expectation failure after failure (range). So if we look at the different order flow scales, it becomes a bit clearer: EU 1m different OFs.png;2166688 Complex correction until longer term OF continues up again? But looking at a 5m chart, looks like the bears are accumulating volume? Any idea or advice how to handle this complex market conditions to avoid stringing a few losses? {image} {image}
Sometimes it might be helpful to take a look at a larger timeframe:

Attached Image (click to enlarge)
Click to Enlarge Name: EU1.jpg Size: 298 KB


Attached Image (click to enlarge)
Click to Enlarge Name: EU2.jpg Size: 322 KB


Your condition looks a bit similar to mine,
http://www.forexfactory.com/showthread.php?p=9506811#post9506811

But my bears are strong at the complex correction area.

Your bears appears weaker as retracement from the clear swing is about 55% only. (mine was over 100%!)

Wait till Damian comes online for his advise.
  • #24,537
  • Feb 1, 2017 4:39am Feb 1, 2017 4:39am
Quoting marwan71
UC has pattern of ABCD forming , at D i will consider long : {image}
See the accuracy , it hit 1.272 level , can look for long now at D
Attached Image (click to enlarge)
Click to Enlarge Name: ttt.png Size: 140 KB
  • #24,538
  • Feb 1, 2017 5:11am Feb 1, 2017 5:11am
Quoting Mr. Pip
Okay Traders, I managed to get through the short video without much coughing. I wanted to make it to address the charts posted over the weekend and another one as well as a recap of my session today. It is fast paced but I hope it will bring home some of the points I talk about in the lessons I have shared with you all. Give me your feed back and see you all on the battlefield tomorrow. https://youtu.be/m0Vad4SnZ04
Thank you for clarifying your first long trade. I was already asking myself about a reason to go long there. Now, I understand it better.

I thought that your trade plan foresee to enter a trade against longer term expectation not only a break down in the second leg but also a PA confirmation. Maybe, I am wrong.
  • #24,539
  • Feb 1, 2017 5:20am Feb 1, 2017 5:20am
Quoting marwan71
Thats my EU analisys : {image}
Come on hit my target
Attached Image (click to enlarge)
Click to Enlarge Name: Hit.png Size: 130 KB
  • #24,540
  • Feb 1, 2017 5:22am Feb 1, 2017 5:22am
Quoting marwan71
{quote} Come on hit my target {image}
Target Hit 33+ pips green
Attached Image (click to enlarge)
Click to Enlarge Name: Hit2.png Size: 127 KB
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