Does this answer your question or do I need to bust out a chart?
If you fail to plan, you plan to fail.
"Ratios & Harmonics: a Different Way to Trade." Summary 37 replies
Learning to trade with harmonics 11 replies
Time for Change - Pivots & Harmonics to freedom 67 replies
180 reasons to trade Harmonics and Patterns 13 replies
Disliked{quote} Without having my own chart to reference, it looks like the impulse leg you entered your trade on achieved close to a 161.8% extension of its preceding harmonic leg. True? If price is able to achieve that level, I've generally noticed that it will react quite sharply. These levels indicate areas of exhaustion. Therefore, it's a good bet to monitor your trade closely and once you see a sign of failure, exit. Easy for me to say, right? I'm saying all of this in hindsight. Anyway, good on you for entering when you did. Just my two pips.Ignored
DislikedMr Pip I was looking for an entry on this Cable 1min, but I could not see any weakness in the trend, projection or depth, is there something else I should have been looking at. How would you of handled it. {image}Ignored
Disliked{quote} With such momentum and projection to the downside what kind of correction would you expect? A shallow one right Maybe 38% not deeper then 50% right? This would be my expectation. You can also see an increase in momentum on the correction or rather acceleration. The entrance is not a poor one but expecting a one to one might be some what unreasonable. Price did move a bit higher from entrance but corrected to produce a higher low once you see this you need to protect your trade and at the very least make sure you do not lose money! Does this...Ignored
Disliked{quote} Hang in there, price had increased momentum as it corrected initially and then failed to make the NSL producing a very shallow higher low this is a strong message that price could continue higher. I can't see a whole lot of structure in your area of entry. Did you have any?Ignored
DislikedOK, does anyone have an opinion on which way to go in this situation, or is it just a case of wait and see, cheers {image}Ignored
Disliked{quote} Hey Chalky, in my opinion Absolutely #1. Waiting on the candle to close. How the candle closes says a lot about the markets current intentions.Ignored
Disliked{quote} No but I am going to be making a video soon on rotation and another on expectations as it was requested . I am also planning a live trading session with who ever want to join me so you all could watch it live.Ignored
Disliked{quote} Without having my own chart to reference, it looks like the impulse leg you entered your trade on achieved close to a 161.8% extension of its preceding harmonic leg. True? If price is able to achieve that level, I've generally noticed that it will react quite sharply. These levels indicate areas of exhaustion. Therefore, it's a good bet to monitor your trade closely and once you see a sign of failure, exit. Easy for me to say, right? I'm saying all of this in hindsight. Anyway, good on you for entering when you did. Just my two pips.Ignored
DislikedHere is a trade I made on the EJ about six hours ago, during the Asian session. Yep, I'm so persistent with the EJ, and I wanted to milk those pips out as much as possible. First chart shows the setup. Second and third shows how I entered the trade. {image} {image} {image}Ignored
DislikedOK, does anyone have an opinion on which way to go in this situation, or is it just a case of wait and see, cheers {image}Ignored