Ratios & Harmonics: a Different Way to Trade

Quoting RajD

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USDJPY Update - Market made a weak NSL at 8:15 GMT and another NSL at 12:20 GMT. - Market is quite bearish so few changes in my approach at the moment Expectation: Looking for price to correct from the swing shown on chart (Reason for drawing the Fib from there is because it is the clear high. The one below it seems short term. Will wait for it to reach the golden zone. Will look for shorts then EURUSD Update - Market moving sideways - Long term wise, it is already at the golden zone for going long but not very comfortable taking the trade. Will...

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Quoting RajD

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{quote} So previous setup was a trap. I was glad to not fall for it. No good rotating candle to show strength there. Market might be looking to complete the long term correction to the 61.8 from the 15m chart below. It might come back to 110.300 from yest. There is strong structure there as well {image}

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Quoting RajD

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{quote} Hi Brrand. - As Kelvin said it, the red line that he has drawn is the main swing for your EURAUD daily chart. - Expectation is a NSH, however price can correct anywhere of that main swing - The best thing is to look for a Area Of Interest (AOI) where your Risk to Reward is best. That would be the 50-61.8 region so then you draw a Fib (swing low to swing high). - If price comes to your AOI then you should look for long in that region. The other two things you should also look for is structure. If you zoom out, look to your left of the chart...

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Quoting RajD

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{quote} Long at 109.907 Stop Loss at 109.724 Not looking to risk much so breaking rules on the stop loss. My expectation is market to complete a harmonics to the upside before it decides to correct. Might go aggressive on the trailing once the small harmonics completes {image}

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Quoting kelvinyun

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Was travelling cos of work, and did not trade at all. Then again I only trade a few times a week anyway EURUSD : Wait and see. Bearish expectation. USDJPY : Bearish. Wait for deep retracement before entering short. XAUUSD : Bullish. Wait for shallow retracement to enter long. EURGBP : Dang! Missed out opportunity to enter long due to travelling. Will look for more chances again. {image} {image} {image} {image}

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Quoting brrand

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{quote} Kelvin, 1. why do you expect a deep retracement in USDJPY. 2. What are you waiting for in EURUSD...retracement till 50% of current swing... Thanks

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Quoting RajD

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USDJPY Analysis Intraday: NSH - Market already at the golden zone since the London open. It's already at structure as well Expectation: Market to complete a harmonic pattern to the upside. I might participate if it comes back there again Longterm: NSL - Market is overall bearish - Market is correcting of the main swing of the Fib shown in 15m chart Expectation: Intraday to complete in order for price to come to my AOI. Good structure there. Harmonic pattern will complete there as well {image} {image}

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Quoting RajD

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{quote} Long at 109.984 Stop Loss at 109.729 Reason for trade - Price at a very good point R:R wise - The bears did come strong to that point. However, it has come to my AOI and i believe the bulls will take it from here. Could be wrong so not risking much {image}

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Quoting RajD

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{quote} Price has corrected 100% on the intraday. So price might look to correct deep. Will look for a exit or be aggressive if price decides to correct deep. Might be taken out {image}

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Quoting evocpr19

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my trades today on NQ (+12,5) {image}

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Quoting pereiraalex

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Hi Mr. PIP. When you have the time can you please take a look at a discord server I set for you ? there are a bunch of guys there already and it would be essential you could be there also ! This link should never expire : https://discord.gg/7CKNXD2

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Quoting RajD

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{quote} USDJPY -15 - Market corrected 100% of the previous HL and took me out with the wick. It also looks like a very weak NSL but it's way too close - There was a short term 100% correction that i overlooked which led to the 100% correction on the intraday as well Expectation: Price to come back to 61.8 region of the swing in the chart. Good structure there as well. {image}

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Quoting josid

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Interesting morning. Managed to average +50 on first trade after missing some signals. Still in a short. {image}

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Quoting PeterT

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{quote} Very nice Joe. I like the way you held the trade even though it was going against you

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Quoting josid

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{quote} Thanks PeterT. I should not enjoy that complement for too long since I manage to give all the 50points back before the end of the day. I'll keep learning! Feel free to read the note on my chart and smack the back of my head {image}

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