I wasn’t expecting a deep retracement, only until structure. I got out at the completion of the ab=cd. Unfortunately I wasn’t behind my pc to take the d completion short. I hope you were able to catch that ride down!

Ratios & Harmonics: a Different Way to Trade

It’s good seeing you around as well Aj1! Price seems to be ranging (1,3580 – 1,3588) , if price is able to close higher then I will possibly enter a long position on the pullback.

Ratios & Harmonics: a Different Way to Trade

Depending on how price reacts I am looking to go long when price reaches the green box. Although order flow is to the downside there is decent confluence (structure, completion abcd , 127 % of abcd and 161% of smaller abcd) for a short term ...

Ratios & Harmonics: a Different Way to Trade

Yea, you got it!

Ratios & Harmonics: a Different Way to Trade

It’s been a while since I posted on this thread. Been lurking for a while but haven’t traded, too busy with other obligations. Now that I have more time I’m ready to get back into it. Nice trade Mr. Pip! I took the same one

Ratios & Harmonics: a Different Way to Trade

Go to post 3567, here I have posted a summary of Mr.Pip's posts and charts. Also check out, and study, Mr.pip's videos. As Gaf has mentioned above, most of the important aspects you need have already been covered.

Ratios & Harmonics: a Different Way to Trade

If you are trading according to Mr.Pip’s rules of engagement then this is not a valid Gartley pattern. The B leg of the Gartley pattern did not retrace high enough, should have retraced into the 61.80%-78.60% zone. Below is an attachment of how the ...

Ratios & Harmonics: a Different Way to Trade

Gaf, thanks for sharing your analysis on this trade! I usually don’t trade long term, but I was analyzing eur from a bird’s eye view and saw this opportunity. I closed my position before the weekend, because of potential price gaps and I do not like ...

Ratios & Harmonics: a Different Way to Trade

My thought process: Price action spiked below support (yellow line), which most likely indicates that we could possibly be going lower. However, price action was also able to make a HH and closed above the pink line. From that point onwards there ...

Ratios & Harmonics: a Different Way to Trade

I am currently reading Trading in the Zone by Mark Douglas, basically the book tries to get you into a mindset of a consistent winner and overcoming obstacles holding traders back such as fear. Somewhere in this thread a trader actually recommended ...

Ratios & Harmonics: a Different Way to Trade

Mr. Pip, thank you for the reply! I forgot to mention that the failed trade was a break even trade, and not a losing trade. As you pointed out on your chart, I moved my stop loss to break even once price breached the 38.20%.

Ratios & Harmonics: a Different Way to Trade

Hi BroncoCap, thanks for your insight! I did have in the back of my mind that the abcd (pink lines) had recently completed and that price may still retrace to the upside. For some reason, the fact that today’s price action (up to the point when I ...

Ratios & Harmonics: a Different Way to Trade

Mr.Pip and other traders, here is a failed trade I took earlier today, could you take a look and see if I missed something. FYI, I wasn’t at my trading desk to take the initial aggressive c short (pink lines). I took an aggressive c short trade, the ...

Ratios & Harmonics: a Different Way to Trade

Guys, please read Mr.Pip's last post. Especially the highlighted part!

Ratios & Harmonics: a Different Way to Trade

Nice one I took the same aggressive c trade. Why did you close your trade for 13 pips? you could have made roughly 40 pips on this trade!

Ratios & Harmonics: a Different Way to Trade

I don’t think that you should approach trading, or in your case the price action exercise, with forethought results in mind. Something that has helped me a lot with my trading is to stop focusing on having to make a profit when entering a trade. ...

Ratios & Harmonics: a Different Way to Trade

I think that the rules of engagement are a good stepping stone to a potentially good trade. However, only taking a trade based on the rules of engagement does not provide me with enough evidence (confluence) to enter a given trade. When determining ...

Ratios & Harmonics: a Different Way to Trade

Initially, when I started on my harmonic/ratio trading journey I was really eager trying to learn about all these cool patterns (Bat/butterfly/Crab/etccc). I opened up my chart and kept trying to identify some of these advanced patterns, most of the ...

Ratios & Harmonics: a Different Way to Trade

Firstly I would like to say well done on the winning trades. As for the first trade, there is no such thing as an aggressive B trade (At that point in time you could be looking at a potential ABCD or AB=CD). Secondly, you should not just jump into a ...

Ratios & Harmonics: a Different Way to Trade

I took an aggressive C earlier in the day. On my chart, price has not reached the prz yet, almost touched the 127 retracement. I just wanted to share this potential trade, so others could possibly capitalize from it.

Ratios & Harmonics: a Different Way to Trade