awesome video. thanks!

Ratios & Harmonics: a Different Way to Trade

Mr pip, I have a question regarding confluence of fibonacci extensions. I get the abcd 61.8 , but what numbers do you use to find confluence from fib extensions? For example, in the gbpjpy you used the 161.8 and 200% extension to find confluence (at ...

Ratios & Harmonics: a Different Way to Trade

Honestly i dont know It was just an observation, many times it pauses along the way but still completes the impulse wave. Ill have to experiment. edit: i've noticed mr pip sometimes displaces swing lines once it hits resistance, for example here ...

Ratios & Harmonics: a Different Way to Trade

argg i know exactly what you mean ! i need to simulate simulate simulate.... trading drives me nuts i dont trust the rules cause i think experience makes the rules profitable not the other way around haha ill get there. i know rules are very ...

Ratios & Harmonics: a Different Way to Trade

Also, i have a question about stoploss placement. If it trades into the 38.2% line and then consolidates into it, wouldn't it be wiser to put the stoploss a few pips below the 38.2 zone instead of at the A point? especially if the ABC is extremely ...

Ratios & Harmonics: a Different Way to Trade

Yeah, i saw that the 100 tick chart was much cleaner but the 1 minute gave additional confirmation for the trades on the 100 tick chart, so it would probably be good to have both open! thanks :!) good luck to you!

Ratios & Harmonics: a Different Way to Trade

Ok, so if you trade a buy on an ABC at the 38.2% line, you might be trading into the 38.2% retracement of the BC? Couldn't you just move to breakeven when it reached that?

Ratios & Harmonics: a Different Way to Trade

mr pip, do you have any rules which allow you to trade a bounce from the 38.2 line after consolidation there plus an ab = cd pattern that dead ends into the resistance? I didn't trade today, but reviewing gbpjpy, there was that situation and i have ...

Ratios & Harmonics: a Different Way to Trade

100 tick charts with mbtrading appear to look much better and far closer to mr pips data. 255 tick charts have big blurs when there should be some peaks instead. Good enough for me! image

Ratios & Harmonics: a Different Way to Trade

i guess you have to pay for live data, so i cant use that. oh well

Ratios & Harmonics: a Different Way to Trade

What forex data provider does mr pip use? I was following the video examples and my mbtrading demo 233 tick chart looks different, with less bars with more wicks.

Ratios & Harmonics: a Different Way to Trade

Heres what ive noticed. When you have impulse waves, a strong resistance can change the length of the impulse wave, either shortening or lengthening it. It can also signal the transition to another impulse wave (the previous impulse wave becomes ...

Ratios & Harmonics: a Different Way to Trade

I was reading the second harmonic book, and i noticed a failed 1.13 extension (the failed wave) that corresponded with previous resistance on gbpusd 1 minute. Here it is. Marked by the oval. The other two resistance bands were defined by the 61.8 ...

Ratios & Harmonics: a Different Way to Trade

impressive I see that even though you dont have a stoploss, you still get out of losing trades at a good time. What makes you get out?

Ratios & Harmonics: a Different Way to Trade

I wonder if this is a property of the market when it is about to turn around. Steeper impulse waves, with a smaller slope impulse wave. A smaller slope impulse wave that breaks through prz. A breakthrough of a PRZ zone followed by entry back into ...

Ratios & Harmonics: a Different Way to Trade

mr pip, If you already have a buy order , for example an aggressive C buy order, would you ever enter another buy order on the same currency if a smaller abcd pattern formed?

Ratios & Harmonics: a Different Way to Trade

First trade today, probably shouldnt have taken because i didn't enter at the right price and got a skewed rr of less than 1 with spread and commission, but it worked! The large losses were from me testing a script, so they really shouldnt have been ...

Ratios & Harmonics: a Different Way to Trade

yep! I think from now on if i want to test previous days i will use the ninjatrader simulator to simulate real live conditions.

Ratios & Harmonics: a Different Way to Trade

Thanks I will not give up! I still have my heart set on 1 minute though. So i think i will try to do one minute, and later expand to other currencies to get more opportunities. Yes, i agree trading in real time is much different.

Ratios & Harmonics: a Different Way to Trade

Heres my practice chart. I think i followed all rules and identified all opportunities in the trading time period. image

Ratios & Harmonics: a Different Way to Trade