YM +20. Probably in a little too early.
Attached Image (click to enlarge)
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Ratios & Harmonics: a Different Way to Trade
- #29,573
- Jun 29, 2017 9:06am Jun 29, 2017 9:06am
- | Joined Nov 2016 | Status: Trader | 1,121 Posts
{quote} Hi Shyean, Just waiting for someone to reply to my post because i'm confused on what the clear low and high is. As soon as someone replies ill get back to you...anyways if NSL is achieved then you have already achieved a LH as well and right now market is in correction. Expectation would be a NSL. the grey area is quite deep of a correction but anything is possible
It's a borderline case.
If it's a NSL, it is very very weak
If it is not a NSL, then your expecation af a NSH is very weak.
You have to keep both options in mind in my opinion and look at the order flow and price action to see which way price wants to go.
- #29,574
- Jun 29, 2017 9:09am Jun 29, 2017 9:09am
- | Joined Nov 2016 | Status: Trader | 1,121 Posts
Short EURUSD Price made a weak NSL. Waited for deep correction and weakening of the bulls. Projection of the bulls weakening, corrections increasing. Nice rotation candle with a little bit of structure to the left. Good enough for a short I thought. SL above last swing. First price followed through nicely but was rejected and now still some bullish action. We'll see. {image}
{quote} There was a 100% correction and weak NSL at EURUSD. I'm short at EURUSD. Pretty aggressive trade, however i waited for the 100% correction and a weak NSL, lets hope it works out a quick question - please let me know if this market (EURGBP) achieved a NSL and a LH or its still a NSH. let me know if yellow or blue is the correct way of looking at clear highs and lows thanks {image} {image}
In the blue one u highlighted the lows and highs from the bigger moves.
In the yellow one the u highlighted a "shorter" term order flow.
As an example:
The blue shows the highs and lows from a dayli or 4h chart.
The yellow is kinda like the 15min or 1h chart.
I hope u understand my point of view
if u have more questions feel free to ask
- #29,576
- Jun 29, 2017 9:19am Jun 29, 2017 9:19am
- | Joined Nov 2016 | Status: Trader | 1,121 Posts
{quote} Again crazy movement on EURUSD. First strong move in my direction, then strong move in opposite direction
- #29,577
- Jun 29, 2017 9:29am Jun 29, 2017 9:29am
- | Joined Nov 2016 | Status: Trader | 1,121 Posts
YM caught +44 and +2 pips
{quote} You can use both pictures u made. In the blue one u highlighted the lows and highs from the bigger moves. In the yellow one the u highlighted a "shorter" term order flow. As an example: The blue shows the highs and lows from a dayli or 4h chart. The yellow is kinda like the 15min or 1h chart. I hope u understand my point of view