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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

  • #27,581
  • Edited 5:55am Apr 10, 2017 5:39am | Edited 5:55am
Quoting Ockham
I m curious to know if many of you will take this kind of trade when just after PA made a NSH happened a strong rotation will you take this counter trade, did not remenber Mr.Pip taking this kind of trade ? Advantage of this trade is with weak projection you could expect a depth retrace and you keep a tight SL, disadvantage it is more risky {image}
Looks like a typical CrocodileRex type trade. It was a very strong rotation on the M5.
I still had my stop above the previous high on the M5 chart.
Although I use 2% risk for every trade, so a close SL for me would still be 2%, as the distance of the SL away from my entry doesn't have any effect on my risk.
  • #27,582
  • Apr 10, 2017 6:59am Apr 10, 2017 6:59am
Looking to short DAX. Expect a NSL after a complex correction. Trying to find entry at M5

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  • #27,583
  • Apr 10, 2017 7:50am Apr 10, 2017 7:50am
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  • #27,584
  • Apr 10, 2017 7:51am Apr 10, 2017 7:51am
Sorry for the late reply Mr. Pip,

thanks a lot for the last 2 videos.

Currently I have a lot of work and big changes are on the way in my work, so I do not have the time to trade as I would like.
  • #27,585
  • Apr 10, 2017 7:52am Apr 10, 2017 7:52am
Quoting sdatta
{quote} explains and lot of stuff.. I am only trading UJ and only short term order flow.. and it has never much such consistent.. only thing is, in absence of a "proper" volume chart for FX pairs.. I have to rely on an oscillator to identify a overbought/oversold regions.. rest as per your teachings...
The oscillator should not tell you anything you should already know. They are a poor representation of actual market conditions. At the end of the day it's an illusion. Let me ask you what does an overbought or oversold market really mean? What are you looking to capture? The only thing it should tell you is that you could expect some kind of a correction in the near future. This is a pretty broad situation and not one I would try to capitalize from as there is little to no advantage.

Using the elements I teach here and finding the confluence is the ticket to success Oscillators cannot do that.
If you fail to plan, you plan to fail.
  • #27,586
  • Apr 10, 2017 7:52am Apr 10, 2017 7:52am
Quoting evocpr19
Sorry for the late reply Mr. Pip, thanks a lot for the last 2 videos. Currently I have a lot of work and big changes are on the way in my work, so I do have the time to trade as I would like.
Go get it!
If you fail to plan, you plan to fail.
  • #27,587
  • Apr 10, 2017 8:19am Apr 10, 2017 8:19am
Ok Traders, I wanted to mention a few things. First, My daughter is on spring break this week so I promised here we would go fishing today. This means I will not be trading today. Also I want everyone to get ready for tomorrow's live stream. Our focus will still be on all that I have taught you but applied to the short term order flow. This will provide more trades and more scenarios to deal with. My system can be applied to any type of order flow as long as you understand what order flow you are trading.

I have also started the process of improving and making my YouTube channel a much better place for all of you. I want to maximize the ability for lost and aspiring traders the ability to find the content that makes the difference. So you all can help me by liking the video's if they have value of course and by subscribing to the channel. You all have made this tread a success and together you can help me make the channel one too. Everything will be free of course! I want to put all of the snake oil salesman out of business. They have taken advantage of you long enough!! Let's put an end to the hurting and get it done!

Let's continue to build our empire of knowledge and pay it forward! Thanks to everyone for all of the support and help along the way. Your contributions have made this what it is.
If you fail to plan, you plan to fail.
  • #27,588
  • Apr 10, 2017 8:28am Apr 10, 2017 8:28am
No momentum to go down. TP 5 pts
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  • #27,589
  • Apr 10, 2017 8:29am Apr 10, 2017 8:29am
Quoting Mr. Pip
Ok Traders, I wanted to mention a few things. First, My daughter is on spring break this week so I promised here we would go fishing today. This means I will not be trading today. Also I want everyone to get ready for tomorrow's live stream. Our focus will still be on all that I have taught you but applied to the short term order flow. This will provide more trades and more scenarios to deal with. My system can be applied to any type of order flow as long as you understand what order flow you are trading. I have also started the process of improving...
You have a good day Sir!
  • #27,590
  • Apr 10, 2017 8:31am Apr 10, 2017 8:31am
Quoting jmezz
{quote} Interesting. Would you be willing to share your spreadsheet? You can PM me if you'd like. Am most interested in getting an average for consolidation periods on the tick chart.
Hey Jmezz, I was going to PM it to you but I don't see an attachment option for PMs. I'll post it to the thread later this afternoon, don't want to distract from the trade discussions. I'll add that I did the analysis on a 15 minute chart, but I'm sure it would work for tick charts as well.
  • #27,591
  • Apr 10, 2017 8:35am Apr 10, 2017 8:35am
Quoting Forthebulls
{quote} Hey Jmezz, I was going to PM it to you but I don't see an attachment option for PMs. I'll post it to the thread later this afternoon, don't want to distract from the trade discussions. I'll add that I did the analysis on a 15 minute chart, but I'm sure it would work for tick charts as well.
should be good to have a look if you were looking at it differently to me would be great to have a look at what results you recorded
  • #27,592
  • Apr 10, 2017 8:54am Apr 10, 2017 8:54am
Quoting jmezz
{quote} Interesting. Would you be willing to share your spreadsheet? You can PM me if you'd like. Am most interested in getting an average for consolidation periods on the tick chart.
Jmezz/Johny8984 and all other interested crude oil traders:

I'll post it for you guys now since Damian is going fishing today.

So when I first got into Forex I cam across Steve Mauro's system. He's a FX day trader who charges $5000 for his material. I didn't pay this, I came across his material hosted for free on a SEO forum of all places. Basically Steve's premise is that you can make a ton of money by being aware of when price swings occur and how long they typically last... then he adds a bunch more BS with moving averages and indicators so he can justify charging $5 grand for it...

Although, I came across the idea a long time ago, I didn't actually start to make use of it until recently with futures. I guess I had neglected it before when I was a lazy trader and a losing trader. Then I realized, if you want to make the money you have to put in the work and understand the market that you trade.

Now the sheet is not pretty or complicated, it was just thrown together as a self study draft for the 15 minute swing chart. Also, most of my focus was on recording Leg 1 and Leg 2 since those are the time periods I have the time to trade; I threw in data for Leg 3... but it's kind of like a pitchfork, everyone might interpret it a bit differently since Leg 3 and the following consolidation would usually cover all afternoon and all of Asia open.
Attached File(s)
File Type: xlsx CL Research.xlsx   14 KB | 398 downloads
  • #27,593
  • Apr 10, 2017 8:58am Apr 10, 2017 8:58am
Quoting Forthebulls
{quote} Jmezz/Johny8984 and all other interested crude oil traders: I'll post it for you guys now since Damian is going fishing today. So when I first got into Forex I cam across Steve Mauro's system. He's a FX day trader who charges $5000 for his material. I didn't pay this, I came across his material hosted for free on a SEO forum of all places. Basically Steve's premise is that you can make a ton of money by being aware of when price swings occur and how long they typically last... then he adds a bunch more BS with moving averages and indicators...
what time zone are the hours in ?
  • #27,594
  • Apr 10, 2017 8:58am Apr 10, 2017 8:58am
Quoting Mr. Pip
Ok Traders, I wanted to mention a few things. First, My daughter is on spring break this week so I promised here we would go fishing today. This means I will not be trading today. Also I want everyone to get ready for tomorrow's live stream. Our focus will still be on all that I have taught you but applied to the short term order flow. This will provide more trades and more scenarios to deal with. My system can be applied to any type of order flow as long as you understand what order flow you are trading. I have also started the process of improving...
Have a great fishing day Mr Pip. See you tomorrow.....
  • #27,595
  • Apr 10, 2017 8:59am Apr 10, 2017 8:59am
Quoting johny8984
{quote} what time zone are the hours in ?
I'm also in the US, Eastern Standard
  • #27,596
  • Apr 10, 2017 9:01am Apr 10, 2017 9:01am
Quoting Forthebulls
{quote} I'm also in the US, Eastern Standard
ok thanks its strange because i have done the same thing after you mentioned it the other day and it marrys up with my results pretty much the same spreadsheet but my times look different due to being london time
  • #27,597
  • Apr 10, 2017 9:05am Apr 10, 2017 9:05am
GBPUSD SL (M5)
Expectation was for a longer term NSL. I went short at the completion of a bullish 1:1 on a good rotation.
PA ended up making a shorter term NSH.
I think I should have waited for the STOF to become bearish again before trading the green swing.
Whereas the pink swing, with the clearer high and clearer low, could be more suited to trade long term.

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  • #27,598
  • Apr 10, 2017 9:05am Apr 10, 2017 9:05am
Anyone trading YM today? I still haven't got a clear direction. Looks like it is still in a complex correction. What are your views guys?
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  • #27,599
  • Apr 10, 2017 9:09am Apr 10, 2017 9:09am
Quoting johny8984
{quote} ok thanks its strange because i have done the same thing after you mentioned it the other day and it marrys up with my results pretty much the same spreadsheet but my times look different due to being london time
Possibly, I'm sure everyone who did this by hand might come back with something a bit different especially deciding when to begin Leg 1. But I just want to give an example to show that some of these markets definitely have repeating structure and patterns in their daily movement that can be capitalized on.
  • #27,600
  • Apr 10, 2017 9:11am Apr 10, 2017 9:11am
Quoting Milfortra
Anyone trading YM today? I still haven't got a clear direction. Looks like it is still in a complex correction. What are your views guys? {image}
no clear direction here either my analysis show that the expectation is long but the order flow is showing major breakdown in this so still on side line although looking to see if there may be an opportunity to short at 20660 area
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