It sure does! But it bites too My personal experience is that pattern reliability decreases as the time frame decreases, so more caution is needed. Plus spread makes it hard to trade the small patterns. M5 / 233 tick seems to work OK for me. ...

Ratios & Harmonics: a Different Way to Trade

You're trading against the longer term trend by taking a bullish Agg C... fingers crossed!

Ratios & Harmonics: a Different Way to Trade

Aggressive C tying up with trendline, round number (1.37), daily S2, RSI divergence. It went a little deep, but no candle close beyond 78.6. Nice momentum down... it would be even nicer to see it continue down to the rectangle (AB=CD, 1.27AB=CD)... ...

Ratios & Harmonics: a Different Way to Trade

What makes you say that?

Ratios & Harmonics: a Different Way to Trade

Looks good

Ratios & Harmonics: a Different Way to Trade

You can try setting up a free demo account on either MB trading or FXCM. Both will give you feeds in ninjatrader.

Ratios & Harmonics: a Different Way to Trade

Reading order flow is definitely my weakest aspect of trading this style. If I'm honest, during the early stages post-entry I don't analyse order flow to change my stops. Why? I'm trying to be rigid in my trading rules and to not chop and change too ...

Ratios & Harmonics: a Different Way to Trade

Regarding the stopping out on the earlier EU trade (obviously this is just my 2 cents): I find moving SL to BE at 38.2 a little too inconsistent. This is because where BE is depends on where I pulled the trigger on the trade. Sometimes very close to ...

Ratios & Harmonics: a Different Way to Trade

Hi Gaf. I'm wondering how you got stopped out on that trade? It worked out for me:

Ratios & Harmonics: a Different Way to Trade

As you are a regular contributor it will be a shame for you to leave. Just one thought: it might be nice to credit Mr. Pip on your thread about your system - you are using his videos etc.

Ratios & Harmonics: a Different Way to Trade

Thanks Mr. Pip - I've just got around to watching your latest video which was a huge help, and so were your recent posts explaining the long entry. I certainly appreciate all the time and effort you and others put into this thread

Ratios & Harmonics: a Different Way to Trade

Only one trade to finish the week. I had only been looking for shorts - Mr. Pip's successful long caught me by surprise. Unfortunately, the short I was waiting for turned up when I wasn't at the keyboard!! I held the trade for longer than Mr. Pip. ...

Ratios & Harmonics: a Different Way to Trade

I'm still in that trade (waiting all day for my short!!)... when you get the chance, please can you outline why you exited there? I see the structure and fib, but what made you think it had run out of steam?

Ratios & Harmonics: a Different Way to Trade

I was just about to post the same question! I was watching EURUSD today but wasn't thinking long either.

Ratios & Harmonics: a Different Way to Trade

233 ticks is *approximately* equal to M5 on EURUSD. You can get ticks on MT4, but personally I've found the experience underwhelming. If you want to trade ticks, best to move to a different platform.

Ratios & Harmonics: a Different Way to Trade

I think you may be falling into the trap of making the chart fit a pattern, rather than a pattern fitting the chart. It is always subjective, but I wouldn't have selected your swing points. I've circles what I personally think are more suitable ...

Ratios & Harmonics: a Different Way to Trade

Thanks again Mr. Pip. I think I understand your points. What I need to learn is how to distinguish a momentary stalling of price from a price reversal.. or to put it another way, at what point should I have decided that it wasn't going to make the ...

Ratios & Harmonics: a Different Way to Trade

Thanks for all the advice that you and others have given in this thread. I'm reasonably confident at finding the likely reversal points (and have stopped looking for Bats, Crabs, Butterflies and Gartleys... it took me a long while to realise, but ...

Ratios & Harmonics: a Different Way to Trade

Turned out quite nice in the end. Entry: Large scale: 38.2 retracement Medium scale: ABCD (long solid blue lines) Small scale: ABCD (dotted blue lines) & AB=CD (dashed blue lines) & 1.27AB=CD (short solid blue lines) + Prior Structure Take Profit: ...

Ratios & Harmonics: a Different Way to Trade

Thanks Mr. Pip. Some good points to digest.

Ratios & Harmonics: a Different Way to Trade