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Ratios & Harmonics: a Different Way to Trade

  • #31,081
  • Edited 2:53am Aug 22, 2017 2:17am | Edited 2:53am
Quoting RajD
USDJPY Analysis Intraday: NSL - Market might be looking to completing the harmonics as shown in the 5m chart - 3 harmonic pattern completed. Good structure in that completion as well Expectation: If the harmonic pattern completes, I will be looking to take a short. Stop loss would be above structure as shown in 15m chart Long Term: NSL - If the market does complete the harmonics there then price would be at my golden zone - Good structure to the left - Market overall bearish Expectation: Will be going with the intraday expectations since there is...
Short at 109.352
Stop Loss at 109.611
  • #31,082
  • Aug 22, 2017 8:13am Aug 22, 2017 8:13am
Quoting RajD
{quote} Short at 109.352 Stop Loss at 109.611
Break-even +2

Will use 38.2 Fib for trade management
  • #31,083
  • Aug 23, 2017 3:09am Aug 23, 2017 3:09am
USDJPY Analysis

Intraday: NSH
- Market made a NSH at midnight GMT time and is correcting off the swing as shown in the 5m chart
Expectation: Price is at my AOI but it’s too early to make a decision. Will look for opportunities going long depending on the scenario

Long term: NSL
- Market is overall bearish correcting off the swing as shown in 15m chart
Expectation: If intraday plays out, then would look for opportunities going short when price comes to my AOI
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdjpy 230817 15m.JPG Size: 117 KB
Click to Enlarge Name: usdjpy 230817 5m.JPG Size: 108 KB
  • #31,084
  • Aug 23, 2017 3:31am Aug 23, 2017 3:31am
Quoting RajD
USDJPY Analysis Intraday: NSH - Market made a NSH at midnight GMT time and is correcting off the swing as shown in the 5m chart Expectation: Price is at my AOI but it’s too early to make a decision. Will look for opportunities going long depending on the scenario Long term: NSL - Market is overall bearish correcting off the swing as shown in 15m chart Expectation: If intraday plays out, then would look for opportunities going short when price comes to my AOI {image} {image}
Intraday: We have a Retest of 109.33. Changing it to a NSL
  • #31,085
  • Aug 23, 2017 3:49am Aug 23, 2017 3:49am
Quoting KensTrader
{quote} Intraday: We have a Retest of 109.33. Changing it to a NSL
Ken..I'm not sure if it's a retest at 109.33

Can you post your chart and show it to me. Thanks!
  • #31,086
  • Aug 23, 2017 4:13am Aug 23, 2017 4:13am
Quoting RajD
{quote} Ken..I'm not sure if it's a retest at 109.33 Can you post your chart and show it to me. Thanks!
Check it out. RETEST/NSL.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-m5-international-capital-markets- RETEST.png Size: 33 KB
  • #31,087
  • Aug 23, 2017 5:08am Aug 23, 2017 5:08am
Quoting KensTrader
{quote} Check it out. RETEST/NSL. {image}
I see it. Short term it is still a NSL. Thanks
  • #31,088
  • Aug 23, 2017 7:10am Aug 23, 2017 7:10am
Quoting RajD
USDJPY Analysis Intraday: NSH - Market made a NSH at midnight GMT time and is correcting off the swing as shown in the 5m chart Expectation: Price is at my AOI but it’s too early to make a decision. Will look for opportunities going long depending on the scenario Long term: NSL - Market is overall bearish correcting off the swing as shown in 15m chart Expectation: If intraday plays out, then would look for opportunities going short when price comes to my AOI {image} {image}
- Expectation changed. Intraday is a NSL
- Price completed a large harmonics.
- Looking for price to retrace to 50-61 fib before continuing bottom
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy 230817 upd.JPG Size: 101 KB
  • #31,089
  • Aug 23, 2017 7:43am Aug 23, 2017 7:43am
Quoting RajD
{quote} - Expectation changed. Intraday is a NSL - Price completed a large harmonics. - Looking for price to retrace to 50-61 fib before continuing bottom {image}
Long at 109.074
S/L at 108.949

Keeping profit targets at the 61.8 fib line as i would like to go short in my AOI
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy 230817 Trade1.JPG Size: 112 KB
  • #31,090
  • Aug 23, 2017 9:19am Aug 23, 2017 9:19am
Summary of the day: +3,75 and +3 on NQ

(Yesterday no entry)
  • #31,091
  • Aug 23, 2017 9:19am Aug 23, 2017 9:19am
Quoting RajD
{quote} Long at 109.074 S/L at 108.949 Keeping profit targets at the 61.8 fib line as i would like to go short in my AOI {image}
Am Short.
Bears look strong and price broke structure on Intraday
But not liking the RR
  • #31,092
  • Aug 23, 2017 9:26am Aug 23, 2017 9:26am
Hello Traders, BE day for me so far a loss and a win +1
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-17 (233 Tick) 2017_08_23.png Size: 39 KB
If you fail to plan, you plan to fail.
  • #31,093
  • Aug 23, 2017 9:29am Aug 23, 2017 9:29am
Quoting Mr. Pip
Hello Traders, BE day for me so far a loss and a win +1 {image}
S...t PA so far.
  • #31,094
  • Aug 23, 2017 9:29am Aug 23, 2017 9:29am
Traders, remember the live stream next Wednesday. Be there specially if you are struggling with something so you could ask it live
If you fail to plan, you plan to fail.
  • #31,095
  • Aug 23, 2017 9:31am Aug 23, 2017 9:31am
Quoting Mr. Pip
Traders, remember the live stream next Wednesday. Be there specially if you are struggling with something so you could ask it live
Will definitely be there Mr Pip. Thanks for taking the time!
  • #31,096
  • Aug 23, 2017 9:33am Aug 23, 2017 9:33am
Don't know if market will be kind enough to give me another opportunity to go long after missing the first long entry earlier due to lousy rotation.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-17 (233 Tick) 2017_08_23 10.30pm.png Size: 78 KB
  • #31,097
  • Aug 23, 2017 9:34am Aug 23, 2017 9:34am
Quoting evocpr19
{quote} S...t PA so far.
Actually I quite like the PA today but I do hate the rotation and the way PA took off from my AOI earlier.
  • #31,098
  • Aug 23, 2017 9:43am Aug 23, 2017 9:43am
Quoting Milfortra
{quote} Actually I quite like the PA today but I do hate the rotation and the way PA took off from my AOI earlier.
If you look your chart, the new NSH was not strong compared to the previous one. Hence, bull power is a bit weak. Price is currently within a range, which does not help to take a trade. I meant this by s---t PA
  • #31,099
  • Aug 23, 2017 10:10am Aug 23, 2017 10:10am
tough day for me so far
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-17 (233 Tick) 8_23_2017.jpg Size: 262 KB
Always trade your own plan...I don't provide trading signals.
  • #31,100
  • Aug 23, 2017 10:11am Aug 23, 2017 10:11am
Quoting Coreg2004
tough day for me so far {image}
Congrats. You see more than me.
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