Ratios & Harmonics: a Different Way to Trade

Quoting brrand

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Hi Damian, I have been watching your videos and following the thread for quite some time now. I have started trading using the methodology.However, I get confused whenever there is a change in the direction of trend. I am trying to present my understanding in the attached snapshot: Blue line is the main swing which is correcting now and formed a LH and expectation is a NSL. This trend direction will change when the green horizontal line is broken upwards. In this trade my stop would be just above the LH. Am I correct in inferring this. Thanks a...

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Quoting kelvinyun

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POTENTIAL TRADE SETUP {image} {image} * Don't be upset with this chart lol. I've drawn those lines back in January 2017, and somehow those lines are still applicable today so i just leave it be.

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Quoting Sheeep44

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Mr pip, I have been very interesting in your thread and already took one winning trade today.. Is my analysis good on the GBPUSD H4: http://prntscr.com/fzravb Or should it more look like this?http://prntscr.com/fzrbr1 I know I didn;t put the Momentum - Projection and Depth on the second chart but it was quickly drawn to give you a quick idea of what I meant Thanks so much in advance, I'll hope you will read this someday. -Sheeep

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Quoting Mr. Pip

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{quote} Well, they are both OK. In the first chart you are addressing the longer term and the shorter term while on the second chart you are addressing only the longer term. The only question is what are you trading? if it's the longer term then use the short term order flow to help you find the entry. I can see in the first chart that there is complete breakdown of the bearish order flow achieving a 100% correction in the most recent swing. This weakens the NSL expectation considerably and price might be starting to work towards the longer term....

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Quoting Rearden

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Hi Mr. Pip, Thank you for the thread. I have been learning this methodology and took a trade on 20th July. my account is very small and took very small position. 70 cents per pip. I took some profits already and have moved the stops to break even. I am looking to add to this trade at 1.2985-1.3000 area. May I know if you would have added to this trade earlier or its time to take profit.... I expect this trade to reach 1.3250 area.... Thank you. {image}

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Quoting johny8984

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{quote} they both look correct at a quick glance the difference is that one is the immediate order flow and one is (mid / longer term) order flow

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Quoting Milfortra

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{quote} Hi Brrand. Here is my take on your charts: Your blue line shows only 2 swings of the immediate order flow. You will need to take a clear high and a clear low in order to define the main swing. Therefore you will need to extend your blue line all the way up to the highest point of the chart in order to consider this as your main swing. Your first yellow line is the correction of this main swing(blue line), should you decide to trade based on this order flow - which I can see that you shorted just after the rotation to the downside. I would...

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Quoting Milfortra

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{quote} Good Morning Damian. Will you be able to trade with us today?

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Quoting Mr. Pip

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{quote} Yes I will be posting today. Very nice work helping out here in the thread. Thank you.

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