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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

  • #32,581
  • Oct 17, 2017 4:23am Oct 17, 2017 4:23am
Quoting ltupower
Hello, Ok today i'm more on experiments.. Tried to caught ABCD completed patern. First the one i saw was the blue lines and it failed -9. Second was the yellow one it barely survived but it was successfully +11. Now entered for short after correction to 61.8%, let's see how it ends. {image}
So far so good. Going for a lunch break so setting SL to BE
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD (233 Tick) 2.png Size: 56 KB
  • #32,582
  • Oct 17, 2017 4:44am Oct 17, 2017 4:44am
Quoting ltupower
{quote} So far so good. Going for a lunch break so setting SL to BE {image}
that looks great. GL
  • #32,583
  • Oct 17, 2017 5:27am Oct 17, 2017 5:27am
Quoting ujku80
{quote} that looks great. GL
Locking some profit. Got this double bottom, seems 1775 hold strong. Should i start be more aggressive?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD (233 Tick) 3.png Size: 59 KB
  • #32,584
  • Oct 17, 2017 5:34am Oct 17, 2017 5:34am
Quoting ltupower
{quote} Locking some profit. Got this double bottom, seems 1775 hold strong. Should i start be more aggressive? {image}
well, you could take profit there, if you are stressed from the trade. To me it doesn't look bad. And it is a risk free trade.

Now i can see that the market is finding support at that region, but then again, the zone is getting hit three times and the more it gets hit, the more its strength is reduced, u know. so i would expect market to break that zone and make a new low. just my thoughts.
  • #32,585
  • Oct 17, 2017 5:34am Oct 17, 2017 5:34am
Quoting ltupower
{quote} Locking some profit. Got this double bottom, seems 1775 hold strong. Should i start be more aggressive? {image}
Got taken out +5. Not happy about my trade.. Should i left SL at BE or had to be more aggressive after double bottom?
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD (233 Tick) 4.png Size: 54 KB
  • #32,586
  • Oct 17, 2017 5:37am Oct 17, 2017 5:37am
Quoting ujku80
{quote} well, you could take profit there, if you are stressed from the trade. To me it doesn't look bad. And it is a risk free trade. Now i can see that the market is finding support at that region, but then again, the zone is getting hit three times and the more it gets hit, the more its strength is reduced, u know. so i would expect market to break that zone and make a new low. just my thoughts.
Thanks for your thoughts.
  • #32,587
  • Oct 17, 2017 5:37am Oct 17, 2017 5:37am
Quoting ltupower
{quote} Got taken out +5. Not happy about my trade.. Should i left SL at BE or had to be more aggressive after double bottom? {image}
oops damn it. i just wrote that market would make a new low. Anyway, just observe how market would react at the zone that u have highlighted cuz it could offer another opportunity of a short again. the bulls seem to come with strength but what happens at the zone is important.
  • #32,588
  • Oct 17, 2017 5:38am Oct 17, 2017 5:38am
Quoting ltupower
{quote} Got taken out +5. Not happy about my trade.. Should i left SL at BE or had to be more aggressive after double bottom? {image}
Good trade, I think every trade is a good trade if brings profit. However, personally I would have been more aggressive on the double bottom
  • #32,589
  • Oct 17, 2017 5:42am Oct 17, 2017 5:42am
Quoting ujku80
{quote} oops damn it. i just wrote that market would make a new low. Anyway, just observe how market would react at the zone that u have highlighted cuz it could offer another opportunity of a short again. the bulls seem to come with strength but what happens at the zone is important.
Yeah we will see
  • #32,590
  • Oct 17, 2017 5:48am Oct 17, 2017 5:48am
Gold short on a 2000tick chart. +63ticks.
Attached Image (click to enlarge)
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  • #32,591
  • Oct 17, 2017 5:48am Oct 17, 2017 5:48am
Quoting ltupower
{quote} Yeah we will see
listen, the EU market has been making several swings or moves to the downside. it is reasonable to expect some pullback or retrace to a certain level. If i were you i wouldn't do anything until a see a harmonic move 1/1 to the upside and then enter short. A good level to watch is 18200. stay calm and don't trade cuz you must. trade only when you see opportunity.
  • #32,592
  • Oct 17, 2017 6:02am Oct 17, 2017 6:02am
Quoting ujku80
{quote} listen, the EU market has been making several swings or moves to the downside. it is reasonable to expect some pullback or retrace to a certain level. If i were you i wouldn't do anything until a see a harmonic move 1/1 to the upside and then enter short. A good level to watch is 18200. stay calm and don't trade cuz you must. trade only when you see opportunity.
For a intraday trader it's too far 18200 isn't? It's strange also that in forex there are so few opportunities per day (or maybe just for me due to lack of experience?) i looking at chart from 08:00 to 16:00 and find only 1-3 trades in 233 tick chart.
  • #32,593
  • Oct 17, 2017 6:20am Oct 17, 2017 6:20am
https://www.youtube.com/watch?v=orWFnPIThxQ&t=988s
  • #32,594
  • Oct 17, 2017 6:33am Oct 17, 2017 6:33am
USDJPY Analysis

Intraday: NSL

- Price made a NSL at 0325 GMT this morning
- Market opened with a long bearish candle but has been moving sideways ever since

Expectation: Price is at a complex correction. However expectation is still a NSL unless bulls decide to push price upwards. Will trade the expectation and wait for the signal

Longterm: NSL

- Market is overall bearish
- Will trade the intraday expectations
Attached Image(s) (click to enlarge)
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  • #32,595
  • Oct 17, 2017 6:35am Oct 17, 2017 6:35am
6E long 1H chart with tight stop.
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  • #32,596
  • Oct 17, 2017 6:40am Oct 17, 2017 6:40am
Quoting RajD
USDJPY Analysis Intraday: NSL - Price made a NSL at 0325 GMT this morning - Market opened with a long bearish candle but has been moving sideways ever since Expectation: Price is at a complex correction. However expectation is still a NSL unless bulls decide to push price upwards. Will trade the expectation and wait for the signal Longterm: NSL - Market is overall bearish - Will trade the intraday expectations {image} {image}
follow.
  • #32,597
  • Oct 17, 2017 6:50am Oct 17, 2017 6:50am
Seems Chuck Norris have his SL around here for his Long
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD (233 Tick) 5.png Size: 44 KB
  • #32,598
  • Oct 17, 2017 8:02am Oct 17, 2017 8:02am
GM Traders, How are you all doing? I will be making a video to dive deeper into price corrections to address some of issues some of you have been having. Help me make it complete by posting some issues or questions you would like me to address in the video.
If you fail to plan, you plan to fail.
  • #32,599
  • Oct 17, 2017 8:17am Oct 17, 2017 8:17am
Quoting Mr. Pip
GM Traders, How are you all doing? I will be making a video to dive deeper into price corrections to address some of issues some of you have been having. Help me make it complete by posting some issues or questions you would like me to address in the video.
Hi,

I would be happy to hear something more how to identify which "setups" we should skip due to longer term ABCD completion or raging market or what kind of things we should look for before entering market.
And second something more about price trailing, when and how much % to lock profits. Where should be our BE if we enter 61,8+, where if we take at 38% how much room should be left for the trade.
I hope you understand what i mean
  • #32,600
  • Oct 17, 2017 8:18am Oct 17, 2017 8:18am
Quoting Mr. Pip
GM Traders, How are you all doing? I will be making a video to dive deeper into price corrections to address some of issues some of you have been having. Help me make it complete by posting some issues or questions you would like me to address in the video.
when do we know we just got into a complex correction?is it just a correction or a reversal?
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