Ratios & Harmonics: a Different Way to Trade

Quoting marwan71

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AJ ABCD was short , now breakeven at 38% level {image}

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Quoting Mr. Pip

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Great place but I don't like the rotation. {image}

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Quoting kaizeris

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Hello Traders, Biggest respect for Mr.Pip Very nice and useful thread, but it became very big. For novice its hard to get in touch . Will be fine if someone will make thread like http://www.forexfactory.com/showthread.php?t=403393 for novice, because since 2013 there is a lot of new information and videos. Will be very nice the information be structured what to study in beginning with links to posts and additional resources for each topic. Also to put links to all video Mr.Pip did. {image} For all novice it will be huge help in learning...

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Quoting Sid1

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Hello Mr Pip, Please accept my sincere thanks for all the effort you have put in sharing your knowledge with fellow traders. The clarity with which you read the price action is amazing and an eye opener to me. I have tried to study all your videos and many many posts you have replied here, but whenever I apply these on a 5 minute Forex chart, I get lost due to the volatility. The structure gets broken too often and I feel the Fibs aren't respected much in 5 minute charts.. Are Forex not good instruments for this kind of trading/analysis? Is lower...

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Quoting x3m-PippiN

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{quote} That depends on which orderflow you want to trade... the shorter one or the longer. IMO in this case it should be the longer. I also think that spot FX is a bit ..and I do mean just a little bit.. harder. I've fallen in love with tick charts and when I'm looking at a time chart I notice how momentum and the volume of the candles is a bit skewed but other then that... the NSLs and NSHs are the same and it doesn't matter if it's a tick chart, range chart, renko, point and figure or time based chart. For instance you can see the same structure...

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Quoting pereiraalex

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Thanks for the video, Mr. Pip !!! Short-term vs Long-term order flow is really a kicker. The market is confusing and exciting at the same time! So, about EURUSD, short-term was very bearish. Why did it reverse at that point ? Yellen ? Trump ? Super Mario ate a mushroom ? No, Long term hitted on 61.8 and promply reversed ! I am starting to think on trading the long term and setting limit orders for the rest of the year already {image} {image}

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Quoting pereiraalex

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Thanks for the video, Mr. Pip !!! Short-term vs Long-term order flow is really a kicker. The market is confusing and exciting at the same time! So, about EURUSD, short-term was very bearish. Why did it reverse at that point ? Yellen ? Trump ? Super Mario ate a mushroom ? No, Long term hitted on 61.8 and promply reversed ! I am starting to think on trading the long term and setting limit orders for the rest of the year already {image} {image}

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Quoting Mr. Pip

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{quote} I understand that may seem easier at a glance the i assure you it is the same this but on a larger scale. The true question is can you afford the larger stops that come along with the longer term order flow? Can my account sustain a large stop? Can I afford to enter blindly as these set up will at times happen when you are not there? If your answer to the first question is no problem on the large stops I will trade mini or micro lots. If this is so are you trading to make money or as a hobby. You will not grow your account with any significance...

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Quoting vqtrader

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{quote} I second that. I have been BURNED many time this way. What I do when long term is my focus is wait price to get there and use short term to get in. The kicker is you wait days or weeks to get there and then you have no time to wait for it to line on short term. its quite frustraing to say the least.

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Quoting Maule

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{quote} Thanks for the video. That PA was a bit complex to look at but you broke it down nicely. Got a question concerning accumulation. I remember the old school nokia phones having this game called snake where you move the snake around and eat the dots. The more the snake eats the longer the snake gets. Is that what accumulation is like? {image}

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Quoting kelvinyun

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{quote} This video came at a right time. I have been facing ranging markets more often these days. Complex corrections - if short term, I can tackle. The video shown, a longer term complex corrections....... is exactly what I'm facing now. And I have no idea how to trade it. I will have to revisit the video a few more times. The shorter term order flow keeps on making, and breaking, expectations. That's giving me tons of problem forming an expectation.

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Quoting tmiddled

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Hoping for some more feedback on the trade I did tonight on the EURUSD 1m. So I entered after a retracement into a good area of structure after the close of the bar with the red circle at the 50 fib level. I was not sure on the rotation here. There was a good rotation about 5-6 bars back, but there wasn't any room to protect my trade so wasn't keen on that one. Once it closed below the short term structure I thought it was a good opportunity to enter. But wasn't actually a rotation bar I entered on. I almost closed the trade with the big bear bar...

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Quoting evocpr19

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Thank you Mr. Pip for the video, honestly I am more confused now. I will watch it again, but I just want to point out an example which shows that the interpretation appears to me relative in nature and would initiated different trades. At the beginning we had a NSH followed by an expectation failure. Hence, we would have looked for an harmonic move down (this I understand). {image} In the second screenshot you would have probably looked to short for a new NSL. However, we faced also twice an expectation failure (when looking for a NSL; no LH), so...

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