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"Ratios & Harmonics: a Different Way to Trade." Summary 37 replies

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Ratios & Harmonics: a Different Way to Trade

  • #29,881
  • Jul 6, 2017 5:27am Jul 6, 2017 5:27am
Quoting KensTrader
{quote} Taken out.... +6 so far.... Projection - Weak Depth - Has increased Momentum - Strong.... We have 2/3 Expectation is still for NSH but be alert.... USDJPY
Price reached my former AOI.
But price technically made a very weak NSH.
So if we count that last swing in, expectation has now failed in short term and a NSL was formed.
It's not very convincing. Bears look like they are gaining strength.
Thinking about maybe looking for a short after a deep correction to the upside.
I have mixed feelings
It will depend on how PA is in the next candles..
  • #29,882
  • Jul 6, 2017 6:09am Jul 6, 2017 6:09am
Quoting PeterT
{quote} Price reached my former AOI. But price technically made a very weak NSH. So if we count that last swing in, expectation has now failed in short term and a NSL was formed. It's not very convincing. Bears look like they are gaining strength. Thinking about maybe looking for a short after a deep correction to the upside. I have mixed feelings It will depend on how PA is in the next candles..
Good luck in today's trading session, ima gonna take a break from trading today to recompose myself before looking at another chart
  • #29,883
  • Jul 6, 2017 6:22am Jul 6, 2017 6:22am
Quoting Aluunatic
{quote} Good luck in today's trading session, ima gonna take a break from trading today to recompose myself before looking at another chart
Thanks. You too good luck recomposing
  • #29,884
  • Edited 6:57am Jul 6, 2017 6:40am | Edited 6:57am
I'm short on USDJPY..

EDIT: Manual exit short after entry because noticed high impact news
+1 pip
  • #29,885
  • Jul 6, 2017 6:50am Jul 6, 2017 6:50am
Quoting PeterT
I'm short on USDJPY..
Glad we are reading it in the same way.....
Bulls not happy.... they are still fighting
Some fuel for the bears
  • #29,886
  • Jul 6, 2017 6:55am Jul 6, 2017 6:55am
Quoting KensTrader
{quote} Glad we are reading it in the same way..... Bulls not happy.... they are still fighting Some fuel for the bears
I just stopped manually KensTrader.
I noticed high impact news coming up.
  • #29,887
  • Jul 6, 2017 6:58am Jul 6, 2017 6:58am
Quoting PeterT
{quote} I just stopped manually KensTrader. I noticed high impact news coming up.
True... News coming in 15 min
  • #29,888
  • Jul 6, 2017 7:01am Jul 6, 2017 7:01am
Quoting KensTrader
{quote} True... News coming in 15 min
I noticed the "ADP Non-Farm Employment Change" predicted number is pretty bad.
So if it is better than expected, USD might shoot up and take your SL.
I don't know if it makes any sense but that's why I don't trust it :-)
  • #29,889
  • Jul 6, 2017 7:08am Jul 6, 2017 7:08am
-10. Next....
  • #29,890
  • Jul 6, 2017 7:21am Jul 6, 2017 7:21am
Quoting KensTrader
-10. Next....
Better luck on the next one. Identify your mistake ;-)
  • #29,891
  • Jul 6, 2017 7:28am Jul 6, 2017 7:28am
Quoting PeterT
{quote} Better luck on the next one. Identify your mistake ;-)
i brought my stop loss closer because of fear for news....
What keeps me smiling is that we had read it right..... more news coming in....
We were able to identify weakness.... and that is power
  • #29,892
  • Jul 6, 2017 7:34am Jul 6, 2017 7:34am
Quoting KensTrader
{quote} i brought my stop loss closer because of fear for news.... What keeps me smiling is that we had read it right..... more news coming in.... We were able to identify weakness.... and that is power
Most of the times the news just speed up the process and the expectations play out.
  • #29,893
  • Jul 6, 2017 7:40am Jul 6, 2017 7:40am
Quoting KensTrader
{quote} i brought my stop loss closer because of fear for news.... What keeps me smiling is that we had read it right..... more news coming in.... We were able to identify weakness.... and that is power
Yeah I was not sure where to put my SL. Above the small swing like you did or above the larger swing.
The latter would have been the best location but I didn't want to take the risk with the news coming up so I exited.
  • #29,894
  • Jul 6, 2017 7:44am Jul 6, 2017 7:44am
Quoting x3m-PippiN
{quote} Most of the times the news just speed up the process and the expectations play out.
Thank you X3m.... Noting this down
  • #29,895
  • Jul 6, 2017 8:39am Jul 6, 2017 8:39am
so the market is open now lets see what today brings

best of luck everyone
  • #29,896
  • Jul 6, 2017 8:58am Jul 6, 2017 8:58am
Quoting johny8984
so the market is open now lets see what today brings best of luck everyone
you to
  • #29,897
  • Jul 6, 2017 9:06am Jul 6, 2017 9:06am
YM not a good pullback yet
  • #29,898
  • Jul 6, 2017 9:12am Jul 6, 2017 9:12am
Quoting johny8984
so the market is open now lets see what today brings best of luck everyone
Was late coming to my screen. Looks like I did not miss much.
  • #29,899
  • Jul 6, 2017 9:14am Jul 6, 2017 9:14am
Johnny - I think you are waiting for a correction for a long for the immediate order flow?
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  • #29,900
  • Jul 6, 2017 9:16am Jul 6, 2017 9:16am
took a short got taken out B/E plus 3 then it stormed onto my target

o well NEXT
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