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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

  • #27,961
  • Apr 21, 2017 7:34am Apr 21, 2017 7:34am
stop on b/e
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  • #27,962
  • Apr 21, 2017 7:39am Apr 21, 2017 7:39am
Quoting Velikov
stop on b/e {image}
stopped +2
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  • #27,963
  • Apr 21, 2017 7:50am Apr 21, 2017 7:50am
guys is there a summary of this method? i have found 2 yourube channels of mr.PIP is there something else?i can see you are trading ABCD or something similar?
  • #27,964
  • Apr 21, 2017 7:53am Apr 21, 2017 7:53am
Quoting lithium1
Guys I have a question, can we always use 233 ticks chart for all other instruments? If not, how do you determine which tick number to use? For example DAX?
Depends on the volume of the instrument. DAX has less daily volume than YM so it might be better to use a lower tick number. You can use what ever number you like but most traders on this thread that use tick charts stick to fibonacci numbers. I use a 144 tick chart for 6J for example. For DAX I'd suggest 89 tick or 144 tick. The bigger the daily volume is on an instrument the bigger the number of ticks ....ES has a lot of volume so a 987 or 1597 tick chart is the equivalent of a 233 tick chart.
  • #27,965
  • Apr 21, 2017 7:58am Apr 21, 2017 7:58am
Quoting Lundies10
{quote} Thank you sir! Unfortunately I won't be able to make it live but I know you'll leave it in the thread for us.
Yes I will post it later in the day. We will focus on the shorter term order flow and strength and weakness.
If you fail to plan, you plan to fail.
  • #27,966
  • Apr 21, 2017 8:06am Apr 21, 2017 8:06am
Quoting CrocodileRex
{quote} from my personal experience, trading on 3-5min using forex time charts is not good for mr pip's teaching although i know he said that his method applies to most instruments. I believe that the rotation in tick charts and time charts are TOTALLY different. let this sink in for a while. A 233 tick transaction is not the same as time charts. You might have a perfect bullish engulfing bar that engulfs the previous few candles on the time chart but it will not work as perfectly as the ones in tick charts. From what i have gathered, i am using...
Hey CrocodileRex, You make some interesting comments but I want to emphasize that it is not about rotation or engulfing candles. This is the last factor in the cast building. Also, when looking at a 1M, 3M or even 5M we are addressing the shorter term order flow. There is not such thing as noise. Noise is what I refer as price action that is not understood to the trader. It is not understood because it has not been processed the right way. A trader needs to align them-self with the order flow they are looking to capture and then use a time or tick interval that isolates that order flow An intraday trader has no business on a 1 or 3 min chart trying to capture the general order flow.
If you fail to plan, you plan to fail.
  • #27,967
  • Apr 21, 2017 8:18am Apr 21, 2017 8:18am
Quoting x3m-PippiN
{quote} Depends on the volume of the instrument. DAX has less daily volume than YM so it might be better to use a lower tick number. You can use what ever number you like but most traders on this thread that use tick charts stick to fibonacci numbers. I use a 144 tick chart for 6J for example. For DAX I'd suggest 89 tick or 144 tick. The bigger the daily volume is on an instrument the bigger the number of ticks ....ES has a lot of volume so a 987 or 1597 tick chart is the equivalent of a 233 tick chart.
Thanks dude. makes perfect sense!
  • #27,968
  • Apr 21, 2017 8:18am Apr 21, 2017 8:18am
Quoting juriFX
{quote} I'm trading 3m/5m charts only during london session and early NY, at the same time I trade 30m charts for longer term, allowing me to step away from the computer and check only every 2 hours or so... I did compare 233 tick charts of EURUSD with time based charts and they line up with the 3m/5m TF most of the time. Interestingly, I did not find much difference in candle structure (including rotation candles). But this could be an issue with tick data that varies from broker to broker. I think you are right that tick data and tick charts for...
Hey Juri, I'll focus on strength and weakness in the live stream on Tuesday. Your win rate is really low so maybe a bit of tunnel vision is setting in, I'm not sure but post some of your trades and I will give you my opinion.
If you fail to plan, you plan to fail.
  • #27,969
  • Apr 21, 2017 8:19am Apr 21, 2017 8:19am
Quoting kelvinyun
Dear Damian, I adapted your teachings into a "set it and forget it" rule. This is the profit today. It's not much, but, to me, it's a lot. {image} As you are well aware, I'm working full time, so cannot be in front of PC the whole time. Hence, I set up a simple emotion free trading plan. 1) Analyze all currencies for expectations using 1H timeframe. 2) Once an expectation is clear, then find the strongest SD zones. 3) Set pending buy/sell orders at those SD zones. 4) There after, if a trade is executed, the trade will be managed by an Expert Advisor...
Way to go and making it work for you
If you fail to plan, you plan to fail.
  • #27,970
  • Apr 21, 2017 8:21am Apr 21, 2017 8:21am
Quoting lithium1
Guys I have a question, can we always use 233 ticks chart for all other instruments? If not, how do you determine which tick number to use? For example DAX?
The short answer is to find a timeframe or interval that showcases the order flow you want to trade and you can keep up with.
If you fail to plan, you plan to fail.
  • #27,971
  • Apr 21, 2017 8:23am Apr 21, 2017 8:23am
Quoting vladutz112
guys is there a summary of this method? i have found 2 yourube channels of mr.PIP is there something else?i can see you are trading ABCD or something similar?
I'm going to be organizing my channel and making it way better in the next week. I'm meeting Nick today he happens to be in Miami and I will be learning from him today.
If you fail to plan, you plan to fail.
  • #27,972
  • Apr 21, 2017 8:28am Apr 21, 2017 8:28am
Quoting vladutz112
guys is there a summary of this method? i have found 2 yourube channels of mr.PIP is there something else?i can see you are trading ABCD or something similar?
You can go to the first page, Mr. Pip has told us where we begin to study. It won't take you for long time if you study hard like me.
  • #27,973
  • Apr 21, 2017 8:33am Apr 21, 2017 8:33am
Quoting Mr. Pip
{quote} I'm going to be organizing my channel and making it way better in the next week. I'm meeting Nick today he happens to be in Miami and I will be learning from him today.
i just watched like 5-6 hours of your videos and the funny thing is i trade kinda in the same way what was interesting me was did u stopped using the gartleys and the other pattern and focus more on the abcd and it's versions?
  • #27,974
  • Apr 21, 2017 8:35am Apr 21, 2017 8:35am
Quoting Mr. Pip
{quote} The short answer is to find a timeframe or interval that showcases the order flow you want to trade and you can keep up with.
That means it can be any fibo numbered tick. Thanks Mr. Pip
  • #27,975
  • Apr 21, 2017 8:38am Apr 21, 2017 8:38am
Quoting vladutz112
{quote} i just watched like 5-6 hours of your videos and the funny thing is i trade kinda in the same way what was interesting me was did u stopped using the gartleys and the other pattern and focus more on the abcd and it's versions?
I won't ignore one if it is present but don't trade them exclusively. the bread and butter and the essence of price movement is the ABCD and its variants.
If you fail to plan, you plan to fail.
  • #27,976
  • Apr 21, 2017 8:47am Apr 21, 2017 8:47am
Looking for a long around 516
If you fail to plan, you plan to fail.
  • #27,977
  • Apr 21, 2017 8:49am Apr 21, 2017 8:49am
Quoting Mr. Pip
{quote} I won't ignore one if it is present but don't trade them exclusively. the bread and butter and the essence of price movement is the ABCD and its variants.
totally agree i have been searching for a long time someone who trades the abcd ...i will be watching all your videos
  • #27,978
  • Apr 21, 2017 8:56am Apr 21, 2017 8:56am
Dj 30 lking for short
  • #27,979
  • Apr 21, 2017 8:58am Apr 21, 2017 8:58am
Hi everyone, a bit late as we have guest tonight, just in time to catch this one, 78.6% fibo and nice bear rotation, expectation was still NSL, tp1 +10 tp2+24
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There is no way to happiness , happiness is the way.
  • #27,980
  • Apr 21, 2017 9:05am Apr 21, 2017 9:05am
Hello Trader,

I did not post this I'm sorry got caught up talking with someone. I took an aggressive long that is struggling to work out.
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If you fail to plan, you plan to fail.
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