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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

  • #28,041
  • Apr 22, 2017 4:18pm Apr 22, 2017 4:18pm
Quoting juriFX
That would be wonderful. I usually keep all my trades in my journal. I'll post the trades as I take them from now on, ...
hey! i have looked at some of your trades you posted and must admit you seem to have been bad lucky with some of them. But there is a big but! It's almost impossible to give a valuable diagnostic. Some of them occured at the end of a long run but without knowing the global context and just looking at the examples posted it is tough to evaluate. Most of the trades posted here use a very tiny timeframe kinf of myopic trading to me. I personnaly take into account the prior days' activities. I know where is the open, high, low, close and what price is trying to achieve and how good of a job it is doing. If you take a trade after a series of HH HL but the higher time frame has just hit an important supply area then the odds are against you. When you look at a single chart on a tiny interval the danger is to face tunnel vision. The other aspect is i believe you should stick to one instrument for learning all the nuances and have a clear history of what it is trying to achieve. This should help you. One word about the expectation, i think it is mostly 50/50. Inefficiencies are not that apparent. If that was the case, trading would be easier.
  • #28,042
  • Apr 22, 2017 11:26pm Apr 22, 2017 11:26pm
Guys, I have a question. To trade lower order flow, means we are trading shorter swings, does it make sense to look at lower ticks chart like 144, 89, even 55ticks? Rather than 233ticks.
  • #28,043
  • Edited 12:31am Apr 23, 2017 12:19am | Edited 12:31am
Quoting lithium1
Guys, I have a question. To trade lower order flow, means we are trading shorter swings, does it make sense to look at lower ticks chart like 144, 89, even 55ticks? Rather than 233ticks.
I'd say no. Trading shorter or longer term OF is done on the same time/tick/volume/range chart. Like Mr.Pip said.. the lower the timeframe the more rotations you will get but they will be less significant. If you are trading a different instrument (not YM) just observe different tick chart settings and find what suits you best and what is consistent with your way of trading on a single timeframe.
Believe me I've tried all kinds of different things ...looking at 89 and 144 tick chart at the same time.. or depending on the daily volume I'd trade either the 144 tick or the 89 tick... analyze the 144 tick chart and take entries on the 89 tick...all I got out of this was a headache in the end of the session from too much useless information. And I asked my self why do I have to make things more complicated? So I dropped this and just have been trading with a single timeframe.
  • #28,044
  • Apr 23, 2017 1:16am Apr 23, 2017 1:16am
Quoting x3m-PippiN
{quote} I'd say no. Trading shorter or longer term OF is done on the same time/tick/volume/range chart. Like Mr.Pip said.. the lower the timeframe the more rotations you will get but they will be less significant. If you are trading a different instrument (not YM) just observe different tick chart settings and find what suits you best and what is consistent with your way of trading on a single timeframe. Believe me I've tried all kinds of different things ...looking at 89 and 144 tick chart at the same time.. or depending on the daily volume I'd...
With 233 ticks, when trading short order flow, 1 rotation candle can skip one whole fibo level, it makes your entry very late end up need to risk more. Resulting lower RR. Do you find this problem when trading shorter order flow with 233 ticks?
  • #28,045
  • Apr 23, 2017 3:09am Apr 23, 2017 3:09am
Guys, I have been using Mr. pip's method for more than 1 month, total 43 trades, win rate around 55%, with win lose ratio of around 1. It's positive expendency at the moment. I need to trade at least 100 trades to get more accurate statistics.

What about you guys? How is your results so far?
  • #28,046
  • Apr 23, 2017 3:23am Apr 23, 2017 3:23am
Quoting lithium1
{quote} Wow, this is cfd? Do you think CAC future chart have this?
Apparently no. I only have cfd at the moment.
  • #28,047
  • Apr 23, 2017 4:44am Apr 23, 2017 4:44am
Quoting evocpr19
{quote} Apparently no. I only have cfd at the moment.
You should consider to change broker.
  • #28,048
  • Apr 23, 2017 5:40am Apr 23, 2017 5:40am
Quoting lithium1
{quote} With 233 ticks, when trading short order flow, 1 rotation candle can skip one whole fibo level, it makes your entry very late end up need to risk more. Resulting lower RR. Do you find this problem when trading shorter order flow with 233 ticks?
Yes, it's a frequent situation. Depending on strength, depth, projection I decide whether to wait for a better opportunity or not. Not so much on YM but on 6J it's definitely a frequently occurring situation.
  • #28,049
  • Apr 23, 2017 6:45am Apr 23, 2017 6:45am
Quoting x3m-PippiN
{quote} Yes, it's a frequent situation. Depending on strength, depth, projection I decide whether to wait for a better opportunity or not. Not so much on YM but on 6J it's definitely a frequently occurring situation.
I wonder smaller tick can solve this problem. Theoretically, it should. It will improve RR, but not sure on the expense of lower win rate or not.
  • #28,050
  • Apr 23, 2017 8:34am Apr 23, 2017 8:34am
Quoting lithium1
{quote} I wonder smaller tick can solve this problem. Theoretically, it should. It will improve RR, but not sure on the expense of lower win rate or not.
I started out with a 55 tick chart on 6J and build my way up to 144 tick chart. I was essentially seeing the same kind of swings but in one case the swing was from 30 bars and the other 10-15 bars. My personal preference is using less bars hence the 144 tick chart and not the 55 and 89.
I think you're dwelling on small stuff. I used to do that too.
Find what your personal preference is and just stick with the expectation at hand. If everything else is perfect than one or two skipped expensive rotations won't make you or brake you.
  • #28,051
  • Apr 23, 2017 8:43am Apr 23, 2017 8:43am
Quoting juriFX
{quote} That would be wonderful. I usually keep all my trades in my journal. I'll post the trades as I take them from now on, surely having that tunnel vision you speak of. Here's an example of trades I've been taking lately: https://imgur.com/a/p8cNN Not expecting you to go over but maybe it helps to show what I'm doing wrong. If have to guess, I'll say that my problem is assessing strength/weakness. BTW just a few days ago realized that using a fixed RR ratio of 2R is not ideal, better take profit at 1:1 completion of a harmonic move...
Hi JuriFX, I also traded some of these, Will be interesting to see Mr Pips take on your trades. I think it will help many traders.
  • #28,052
  • Apr 24, 2017 12:26am Apr 24, 2017 12:26am
EURUSD looking for long
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  • #28,053
  • Apr 24, 2017 12:55am Apr 24, 2017 12:55am
Quoting Velikov
EURUSD looking for long {image}
shit.... went for cup of coffee and missed this one
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  • #28,054
  • Apr 24, 2017 1:04am Apr 24, 2017 1:04am
Quoting David889
{quote} 2 Thumbs up to you, wish you the best luck in the journey, just keep being here, I feel that most traders(not all) that learned and are live trading mr pip system never head back to the forum, its a shame.
Thanks for your wishes and be sure i will keep posting, but my main concern actually is of course to be successful, also agree that this thread just miss some feedback from traders that used Mr.Pip system for long time, anyway I am convinced that I have finally found the holy grail in this thread even if there is not magic arrow ! may be the reason why it is the holy grail system
There is no way to happiness , happiness is the way.
  • #28,055
  • Apr 24, 2017 1:25am Apr 24, 2017 1:25am
short
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  • #28,056
  • Apr 24, 2017 1:34am Apr 24, 2017 1:34am
stop on b/e
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  • #28,057
  • Apr 24, 2017 1:42am Apr 24, 2017 1:42am
closed on target
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  • #28,058
  • Apr 24, 2017 1:45am Apr 24, 2017 1:45am
+23
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  • #28,059
  • Apr 24, 2017 2:29am Apr 24, 2017 2:29am
long
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  • #28,060
  • Apr 24, 2017 2:48am Apr 24, 2017 2:48am
stop on b/e
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