Looks good to me, C is within 61.8 to 78.6% without closing below 78.6%. Moves up equal to AB and starts to reverse in the PRZ. Nice find.

Ratios & Harmonics: a Different Way to Trade

Hey everybody! I hope everyone is doing well. Can I just say how jealous I am of you NinjaTrader's I am! I sure miss it. If I ever do get back to large, live trading, darn straight it will be with Ninja. MT4 is a babbling infant compared to the ...

Ratios & Harmonics: a Different Way to Trade

gbryant, I am sure some people with think there is a right and a wrong answer, I am of the opinion, #2 and #3 are good starting AB legs. That may not be true to the rules, but I am testing many of these similar legs. The EURUSD chart is/was messy ...

Ratios & Harmonics: a Different Way to Trade

Oh yeah, I should be finding a pillow soon, I won't trade for another 6-8hrs. I am in no rush, markets will be there. Just looking at patterns. Amazing how for one range of time the 1min will be perfect, then go to crap, but then the 15min is ...

Ratios & Harmonics: a Different Way to Trade

That is why I am only trading EURUSD, and still taking 3-5 trades a day. I agree, reasonable daily goals, good risk management, patience and perseverance = SUCCESS! I am intrigued at the 30min and 1hr charts, been looking at 1min only since the ...

Ratios & Harmonics: a Different Way to Trade

I agree with the comment from Mr. Pip, closing the trade at 38.2% likely means you are either trading scared or too large of size. That is a beautiful set up. ABCD with the C forming a lower high double top = ohh laa laa. I would expect a move back ...

Ratios & Harmonics: a Different Way to Trade

Awesome trade. Curious why your B point is not on the long wick a few candles before the one you chose. No big deal as the harmonics played out with either low, just wondering. A few times Mr. Pip has been keen on including true high/lows for fib ...

Ratios & Harmonics: a Different Way to Trade

Omonla, See this post for the attachment that gives Mr. Pip's exact rules for ABCD (I think). http://www.forexfactory.com/showthread.php?p=6338994#post6338994 In summary, you are looking for any penetration of the 61.8% (not necessarily a close). ...

Ratios & Harmonics: a Different Way to Trade

Just for kicks I drew up some expansions and every winner went to 1.27 of the BC-leg. A bit harder to classify R:R because the 1.27 target would fluctuate with the BC-leg distance. One thought would be to assume BC = 78.6% of AB, then I could ...

Ratios & Harmonics: a Different Way to Trade

Ah, Starry, yes I see what you are saying. And yes, our feeds are notably different. I pulled up EURJPY from Sunday+Monday and they were notably off. Anyways. I am very keen on nested ABCD's as they provide me the opportunity to have two trades ...

Ratios & Harmonics: a Different Way to Trade

Currently just running 1% of account balance (as established on Sunday/Monday). My stop is always 1 pip above/below the A point, therefore I can exactly calculate the loss prior to entering the trade (save any slippage). The formula is simple = ...

Ratios & Harmonics: a Different Way to Trade

Hi Starry, A couple thoughts. First remember that point C in an ABCD is not technically a PRZ in the true sense. PRZ's as I understand them come from completed harmonic patterns. That is to say, PRZ's are more reactive zones due to a confluence of ...

Ratios & Harmonics: a Different Way to Trade

It is counter-trend, so be aggressive with your position (if that is your inclination). Moving to break-even at 38.2% and exit at 61.8% would be Mr. Pip's suggestion (I would surmise). Happy trading!

Ratios & Harmonics: a Different Way to Trade

Starry, nice find, but only you know if you would have taken the order. But you are doing the right steps. Find patterns, learn to quickly see, then start to trade them in real time. The hard part is when you start trading in real time and get ...

Ratios & Harmonics: a Different Way to Trade

Kapow, that was fun. Quick 61.8% retrace into the orange zone. Too bad 78.6% was not hit, but that's part of the game. Blue zone has pending orders, but am slightly nervous. EURUSD 1min image Edit: Actually 78.6% was hit, was so fast and I was ...

Ratios & Harmonics: a Different Way to Trade

Summary and commentary on money management-- So, the EURUSD popped and stopped out my only ABCD in play (seafoam). For that series I went 2 for 3 and I want to show how risk:reward plus money management payed off. I am trading OANDA currently so ...

Ratios & Harmonics: a Different Way to Trade

Mid-day update; The GRIND, bleh. Couple of ABCD's in play, I could go 0-2 or 2-2, depends on if this market gets a fire lit under its arse. EURUSD 1min image The dark pink was a winning ABCD, but only a half as it did not trigger the 78.6% add-on ...

Ratios & Harmonics: a Different Way to Trade

That.Is.Awesome!

Ratios & Harmonics: a Different Way to Trade

Hi gb, Check my chart I just posted. You correctly identified the pink ABCD that I traded. Yes it was against orderflow (market putting in lower highs and lower lows), but these counter-trend ABCD's do work. As Mr. Pip would suggest--Quickly get the ...

Ratios & Harmonics: a Different Way to Trade

Hey everybody, nice trading I see, along with some fresh faces. Keep up the good work. Here is my chart, lots of opportunity. Just closed the ABCD marked in deep pink. And just started the light green short ABCD. Also took the blue ABCD from Sunday. ...

Ratios & Harmonics: a Different Way to Trade