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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

  • #32,441
  • Oct 12, 2017 8:00pm Oct 12, 2017 8:00pm
eurjpy and audjpy 1H going for 1:1 target.
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  • #32,442
  • Oct 12, 2017 8:06pm Oct 12, 2017 8:06pm
thanks
  • #32,443
  • Oct 13, 2017 12:28am Oct 13, 2017 12:28am
Hi Damien and all the others contributing, just want to say thanks, I have been reading through the thread and you are doing a fantastic job at explaining the price action. So, on the behalf of all who have learned from you, I tip my hat. I have been a lurker on these forums for a very long time, with this thread I think its time to come out of the shadows and participate

- Prad
  • #32,444
  • Oct 13, 2017 12:34am Oct 13, 2017 12:34am
AUDNZD H1

Let me know if there is any restrictions on posting specific instruments / timeframes / templates, and I'll stick to it.
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  • #32,445
  • Oct 13, 2017 12:57am Oct 13, 2017 12:57am
Good morning,

So today we have long term expectation NSH, short term NSL. Long term is making correction and i believe it should go deeper. We have 100% correction of previous highs and decent bearish candle. I will take a shoot for a short due to good R:R and will trail this aggressive. 1.1838 will be my BE spot.

Opinions?
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  • #32,446
  • Oct 13, 2017 1:37am Oct 13, 2017 1:37am
I reversed on the 1H audjpy and eurjpy because NSL structure on the 4H fits projected expectation better than 1H longs.
  • #32,447
  • Edited 2:14am Oct 13, 2017 1:47am | Edited 2:14am
Quoting ltupower
Good morning, So today we have long term expectation NSH, short term NSL. Long term is making correction and i believe it should go deeper. We have 100% correction of previous highs and decent bearish candle. I will take a shoot for a short due to good R:R and will trail this aggressive. 1.1838 will be my BE spot. Opinions? {image}
Hit BE, target 1:1 harmonic to the downside.
Attached Image (click to enlarge)
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EDIT

Got taken out +21
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  • #32,448
  • Oct 13, 2017 2:21am Oct 13, 2017 2:21am
audjpy total for the day: breakeven//eurjpy @breakeven 1H charts.
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  • #32,449
  • Oct 13, 2017 7:33am Oct 13, 2017 7:33am
2nd trade short +17

Luckily closed my trade before news..
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  • #32,450
  • Oct 13, 2017 7:45am Oct 13, 2017 7:45am
Good morning guys, that's my trade of the day on DAX. +33pips

Rectangles entry and exit, unluckily I was outside, so I set a take profit and couldn't manage to achieve more profit. Now gonna relax for the weekend

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  • #32,451
  • Oct 13, 2017 7:54am Oct 13, 2017 7:54am
Quoting Nik-Nyc
{quote} Damian, In your LT trade, besides the usual TP (sell limit order) and SL, there is also a BUY MIT order . . . is this a " Buy Market if Touch" type order? If i had to guess, i would say this is a pre-planned rescue mission in case the market drops before ultimately completing expectation. Any insight is appreciated. N.
Hello Nick, Not exactly I knew I was not going to be around in the afternoon and I also knew there was a good possibility that I was entering early. The stronger level of structure was below me where I placed my second buying to average in a better price. Price never got there and price found support off of the 38% after the test. It was later canceled when I got to the BE.
If you fail to plan, you plan to fail.
  • #32,452
  • Oct 13, 2017 7:56am Oct 13, 2017 7:56am
Hello Guys I won't be around today helping my folks with some thing. I'll see you all Monday. I will also answer a question that was asked about corrections and how to know when you are in one or not. This may best be answered with a video. So be patient with me. Thank you Traders!
If you fail to plan, you plan to fail.
  • #32,453
  • Oct 13, 2017 8:08am Oct 13, 2017 8:08am
Quoting Mr. Pip
{quote} Hello Nick, Not exactly I knew I was not going to be around in the afternoon and I also knew there was a good possibility that I was entering early. The stronger level of structure was below me where I placed my second buying to average in a better price. Price never got there and price found support off of the 38% after the test. It was later canceled when I got to the BE.
Great, makes total sense now . . . thanks
  • #32,454
  • Oct 13, 2017 8:21am Oct 13, 2017 8:21am
Quoting pradlal
Hi Damien and all the others contributing, just want to say thanks, I have been reading through the thread and you are doing a fantastic job at explaining the price action. So, on the behalf of all who have learned from you, I tip my hat. I have been a lurker on these forums for a very long time, with this thread I think its time to come out of the shadows and participate - Prad
Welcome into the light looking forward to your posts.
If you fail to plan, you plan to fail.
  • #32,455
  • Oct 13, 2017 8:23am Oct 13, 2017 8:23am
Quoting pradlal
AUDNZD H1 Let me know if there is any restrictions on posting specific instruments / timeframes / templates, and I'll stick to it. {image}
No restrictions at all post away
If you fail to plan, you plan to fail.
  • #32,456
  • Oct 13, 2017 8:26am Oct 13, 2017 8:26am
Quoting DizzleFX
Mr. Pip, something I run into a lot is figuring out how to interpret a correction. Most of the time, i look for reasons to stick with my bias that I base off of simply looking at NSH/HL and NSL/LH but often I think I over analyze the bar by bars and then end up in confusion. Example of what I am talking about is in the picture. The correction labeled 1 in the picture has a lot of momentum, then fizzles off in the area I labeled 2. With the momentum in area 1, I would think that continueing long is a viable option, but 2 has me second guessing myself....
Hello Dizzle, I will make a video and turn this into a lesson give me a couple of days and I'll get to it.
If you fail to plan, you plan to fail.
  • #32,457
  • Oct 13, 2017 12:19pm Oct 13, 2017 12:19pm
Thought I'd share this multi-day semi-graceful exit on micro-cad. Got in a bit early on the 61.8, though i was eyeing the 78.6 for a structure test and a cheaper trade. The bears were on fire (USD bulls), so I wanted to make sure I caught the trade, since I'm trading somewhat blindly as a multi-day swing trader.

Expectation shifted on FOMC news, and nearly takes out my SL at -60. I reparked the SL a handful of pips outside of the 1:1 completion and 200% extension, which paid off then next day and put me at -25p to -35. The new 61.8 wasn't quite hit yet, so I stayed on and watched the loss rack back up to -40. Saw a rotation that set up a short term 1:1, readjusted my SL and TP. Finally exited at -12p.

ended the week at +2 after commissions. way better than -40.
Attached Image (click to enlarge)
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  • #32,458
  • Oct 13, 2017 1:01pm Oct 13, 2017 1:01pm
Pair: GOLD
Time: 15 Min
Trade: Waiting correction for buy(monday)

in the last days I have been following this pair, and it responds very well to the operational mode pips.
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  • #32,459
  • Oct 13, 2017 3:13pm Oct 13, 2017 3:13pm
Hello Traders, here are the final numbers from the week. Looking forward to a great week next week. Enjoy your weekend!
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If you fail to plan, you plan to fail.
  • #32,460
  • Oct 13, 2017 7:45pm Oct 13, 2017 7:45pm
Quoting Mr. Pip
{quote} Hello Dizzle, I will make a video and turn this into a lesson give me a couple of days and I'll get to it.
Looking forward to it. Thanks.
Damn The Torpedoes, Full Speed Ahead!
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