Caught another +1 +9 and +13 on YM Strength was a bit mixed so protected a bit more aggressively Total of +97 today Hope it was not all just sheer luck{image}
Ratios & Harmonics: a Different Way to Trade
- #29,621
- Jun 30, 2017 1:51am Jun 30, 2017 1:51am
- | Joined Jan 2014 | Status: Trader | 1,089 Posts
- #29,624
- Jun 30, 2017 2:17am Jun 30, 2017 2:17am
- | Joined Nov 2016 | Status: Trader | 1,121 Posts
Good morning everybody 
Thanks Milfortra! I've been sleeping since my last message until an hour or so ago 
I'm putting lots of time in trading, looking at the chart and watching Mr. Pip videos.
Trying to get up to speed as fast as I can
But I also had a nice walk yesterday with my wife and dog and we went for an ice cream.
So I still have a little bit of a life
{quote} Beautifully done Peter! I wonder when do you actually sleep?
I'm putting lots of time in trading, looking at the chart and watching Mr. Pip videos.
Trying to get up to speed as fast as I can
But I also had a nice walk yesterday with my wife and dog and we went for an ice cream.
So I still have a little bit of a life
Good morning everybody
Lets see what Friday gives..... Will be looking for shorts on USDJPY
Bulls trying to gain some strength
- #29,626
- Jun 30, 2017 2:46am Jun 30, 2017 2:46am
- | Joined Nov 2016 | Status: Trader | 1,121 Posts
{quote} Good morning PeterT..... Lets see what Friday gives..... Will be looking for shorts on USDJPY Bulls trying to gain some strength
This is what I'm seeing:
Expectation is a NSH short term and NSL intraday. But NSL expectation is weakening.
Bears produced nice volume candles but went nowhere
Bulls also nice volume candles in last swing and made almost a 100% correction of the intraday swing.
If the LH of the intraday is broken I might start looking for a correction and an entry to go long.
Or if the bulls start losing strength maybe look for a short
- #29,628
- Jun 30, 2017 6:02am Jun 30, 2017 6:02am
- | Joined Nov 2016 | Status: Trader | 1,121 Posts
USDJPY short
Was waiting for deep retrace into golden zone.
Price got there but never got a nice rotation.
Bulls kept fighting the bears so I didn't enter short.
Then suddenly came a nice bearish volume candle.
Didn't expect the bulls to recover from that and return to the 61.8 so I wanted to take it.
Waited for retrace of half the candle to get the best price, thinking immediate structure to the left should hold if the bears were serious.
Entry was at 50% which is not bad. Used half a position though.
If price retraces really deep I might add the other half.
Was waiting for deep retrace into golden zone.
Price got there but never got a nice rotation.
Bulls kept fighting the bears so I didn't enter short.
Then suddenly came a nice bearish volume candle.
Didn't expect the bulls to recover from that and return to the 61.8 so I wanted to take it.
Waited for retrace of half the candle to get the best price, thinking immediate structure to the left should hold if the bears were serious.
Entry was at 50% which is not bad. Used half a position though.
If price retraces really deep I might add the other half.
- #29,630
- Jun 30, 2017 6:55am Jun 30, 2017 6:55am
- | Joined Nov 2016 | Status: Trader | 1,121 Posts
{quote} Here battling with the bulls, they are too weak... Hope NY session will give us a driving force down
- #29,631
- Jun 30, 2017 6:56am Jun 30, 2017 6:56am
- Joined Oct 2009 | Status: Trader | 5,656 Posts
{quote} +29 pips on the kind of risky short (100% correction). I took it, although bulls just made a nice volume canlde, because there was a nice rotation candle that negated the bull candle, and then there was that overwhelming bear candle indicating strength of the bears. It looked like price maybe made a very small NSH. Combined with the large bear candle I thought I'd at least be able to get a deep correction of the last swing. So I went to BE at 78.6 of the last swing up. I know that was maybe a bit early but I also had in mind that the trade...
Always trade your own plan...I don't provide trading signals.
- #29,632
- Jun 30, 2017 7:03am Jun 30, 2017 7:03am
- | Joined Nov 2016 | Status: Trader | 1,121 Posts
{quote} Awesome Peter, you make me look like a guy with the crystal ball....
Thanks Coreg I was a bit lucky that it turned out like that - #29,635
- Jun 30, 2017 7:27am Jun 30, 2017 7:27am
- | Joined Nov 2016 | Status: Trader | 1,121 Posts
{quote} I remember Mr.Pips saying that in most cases News respect Harmonics.... Am Still in on that its not high impact news
I'm also still in. But don't like this kind of 'praying it turns out ok'.
- #29,636
- Jun 30, 2017 7:36am Jun 30, 2017 7:36am
- | Joined Nov 2016 | Status: Trader | 1,121 Posts
USDJPY short
Bears made a nice move after medium impact news.
Candle was completely crushed by the bulls.
I had enough of this crap and exited.
- #29,638
- Jun 30, 2017 7:47am Jun 30, 2017 7:47am
- | Joined Nov 2016 | Status: Trader | 1,121 Posts
{quote} -6. Had reduced my stop loss.... Next Tough PA though....Will wait longer to see what happens next...
Now expectation failure on intraday and making a NSH.
We could have expected that was in the making because of the very deep bullisch correction around London open.
But that is hindsight of course
{quote} Good morning KensTrader! This is what I'm seeing: Expectation is a NSH short term and NSL intraday. But NSL expectation is weakening. Bears produced nice volume candles but went nowhere Bulls also nice volume candles in last swing and made almost a 100% correction of the intraday swing. If the LH of the intraday is broken I might start looking for a correction and an entry to go long. Or if the bulls start losing strength maybe look for a short
- #29,640
- Edited 8:16am Jun 30, 2017 8:05am | Edited 8:16am
- | Joined Nov 2016 | Status: Trader | 1,121 Posts
Anybody got something on YM?
Was thinking of going long after a correction.
I'd like to see a deep correction but it might stop at 21280, which is 100% of the short term swing and 38.2% of the main intraday swing.
Then my risk would be too big. I'm only trading one contract and I cannot divide it in two like with forex
Edit: I can put my SL below 21280, which is a strong structure and the start of the short term swing. Then I would be trading the shorter term.
Am I making any sense??
Was thinking of going long after a correction.
I'd like to see a deep correction but it might stop at 21280, which is 100% of the short term swing and 38.2% of the main intraday swing.
Then my risk would be too big. I'm only trading one contract and I cannot divide it in two like with forex
Edit: I can put my SL below 21280, which is a strong structure and the start of the short term swing. Then I would be trading the shorter term.
Am I making any sense??