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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

  • #32,681
  • Oct 18, 2017 5:25am Oct 18, 2017 5:25am
Quoting RajD
{quote} i know...because you were trading the correction Your harmonics drew NSL so it was wrong to assume that the trend is changed unless the structure is broken The harmonics are drawn to show where price decides to stop and retrace. Use that for price to come to your golden zone and then take the trade. There was no indication in your chart that showed that the bulls are gonna take over. Always trade the expectation
Yeah was looking at the bigger term should stick to the short term. Well we have another opportunity to short, let's check how this one will go.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD (233 Tick) 5.png Size: 46 KB
  • #32,682
  • Oct 18, 2017 7:19am Oct 18, 2017 7:19am
Quoting DizzleFX
Here is my trade for the day. I shorted EURUSD after the completion of an ABCD pattern. After the pattern completed, it retraced right back into the 61.8%, which fulfilled my expectation and printed a really nice reversal candle. Pulled the trigger and made 28pips. {image}
this is amazing. what an efficient trade you took.


Quoting DizzleFX
Every now and then, I get a trade like this one were I feel like I know what price is going to do and it does exactly what I was expecting. I just need to be able to read price like this more often.
well i guess you just need to be more patient and selective with your trades...if you take only these sort of set-ups you could, in principle, always win. How many trades like this one do you need in a month to make a living out of this business ???? maybe just a three or four would be enough???
  • #32,683
  • Oct 18, 2017 7:24am Oct 18, 2017 7:24am
what a crazy market today! Not giving me a little retrace to jump at all. i hope the news in 10 min from now would provide a chance to do that.

how i hate when i miss such a nice move.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-17 (233 Tick) 2017_10_18_crazy market.png Size: 80 KB
  • #32,684
  • Oct 18, 2017 7:54am Oct 18, 2017 7:54am
Quoting ltupower
{quote} Yeah was looking at the bigger term should stick to the short term. Well we have another opportunity to short, let's check how this one will go. {image}
Ok totally miss read today PA. Enough for today, hope to be better tomorrow
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD (233 Tick) 6.png Size: 48 KB
  • #32,685
  • Oct 18, 2017 8:03am Oct 18, 2017 8:03am
Quoting ltupower
{quote} Ok totally miss read today PA. Enough for today, hope to be better tomorrow {image}
here is the thing. you have two harmonic moves to the downside (red lines in the chart below) and two harmonic moves to the upside (yellow lines).

your stop is at a terrible place, right at the zone. Place it a bit higher up, 10 pips higher. A loss is a loss, but at least you need to know where to expect price to reach. those zones may hold, especially after a 1/1 moves completion at them.
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  • #32,686
  • Oct 18, 2017 8:04am Oct 18, 2017 8:04am
Hello fellow traders,

Shorted EU, as seen 2 smaller harmonics completed as well as a repetition of a larger harmonic.. With my prediction, a deeper pullback, around the 78,6% with some pretty structure to the left..
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD (15 Range) 2017_10_18.png Size: 60 KB
"Luck is when opportunity meets preparation"
  • #32,687
  • Oct 18, 2017 8:06am Oct 18, 2017 8:06am
Quoting ujku80
what a crazy market today! Not giving me a little retrace to jump at all. i hope the news in 10 min from now would provide a chance to do that. how i hate when i miss such a nice move. {image}
Market is going to be here tomorrow, dont worry mate.
"Luck is when opportunity meets preparation"
  • #32,688
  • Oct 18, 2017 8:08am Oct 18, 2017 8:08am
Quoting ujku80
{quote} here is the thing. you have two harmonic moves to the downside (red lines in the chart below) and two harmonic moves to the upside (yellow lines). your stop is at a terrible place, right at the zone. Place it a bit higher up, 10 pips higher. A loss is a loss, but at least you need to know where to expect price to reach. those zones may hold, especially after a 1/1 moves completion at them. {image}
Thanks!
  • #32,689
  • Oct 18, 2017 8:14am Oct 18, 2017 8:14am
Quoting Sheeep44
{quote} Market is going to be here tomorrow, dont worry mate.
  • #32,690
  • Oct 18, 2017 8:17am Oct 18, 2017 8:17am
Hello Traders, got caught up and over all you guys are doing great. Don't worry about the bad days just review them to see what could have been done better. Don't beat yourself up and come back stronger tomorrow. A big thank you to this wonderful community that is committed to helping the newer Traders out. This is indeed a special place and I'm proud to call it home.

On a separate note, will this market ever correct? WOW
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-17 (233 Tick) 2017_10_18.png Size: 38 KB
If you fail to plan, you plan to fail.
  • #32,691
  • Oct 18, 2017 8:18am Oct 18, 2017 8:18am
What time is the preffered time to trade?
// Jim Ęgirson https://discord.gg/Dkm3demYsx
  • #32,692
  • Oct 18, 2017 8:21am Oct 18, 2017 8:21am
Quoting ujku80
{quote} here is the thing. you have two harmonic moves to the downside (red lines in the chart below) and two harmonic moves to the upside (yellow lines). your stop is at a terrible place, right at the zone. Place it a bit higher up, 10 pips higher. A loss is a loss, but at least you need to know where to expect price to reach. those zones may hold, especially after a 1/1 moves completion at them. {image}
By the way this short was logical or it's mistake? I mean to short after 1:1 completion (blue ones) and retrace to 61.8
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD (233 Tick) 7.png Size: 51 KB
  • #32,693
  • Oct 18, 2017 8:22am Oct 18, 2017 8:22am
Quoting SirOrigami
What time is the preffered time to trade?
I like to trade when the market is most liquid. This means when the most traders and money is at play prime time. Every market has it's prime time depending on what poison you choose (instrument).
If you fail to plan, you plan to fail.
  • #32,694
  • Oct 18, 2017 8:23am Oct 18, 2017 8:23am
Quoting SirOrigami
What time is the preffered time to trade?
8 minutes from now until next 5 hours, for me.
  • #32,695
  • Oct 18, 2017 8:25am Oct 18, 2017 8:25am
Trying to find the details about the live event.

When is it again and how do you book on

Cheers guys
  • #32,696
  • Oct 18, 2017 8:26am Oct 18, 2017 8:26am
Quoting ltupower
{quote} By the way this short was logical or it's mistake? I mean to short after 1:1 completion (blue ones) and retrace to 61.8 {image}
Don't beat yourself up man. It was not a bad trade. shake it off and leave it in the past. NEXT!
If you fail to plan, you plan to fail.
  • #32,697
  • Oct 18, 2017 8:28am Oct 18, 2017 8:28am
Quoting ltupower
{quote} By the way this short was logical or it's mistake? I mean to short after 1:1 completion (blue ones) and retrace to 61.8 {image}
to me, it is correct but I would have waited for a better entry signal. So, i guess i might have taken that bearish bar behind the red line, above from where u entered (in hindsight). now it seems as the bears are coming. let us know what happens with the trade.
  • #32,698
  • Oct 18, 2017 8:28am Oct 18, 2017 8:28am
Quoting Thebeard
Trying to find the details about the live event. When is it again and how do you book on Cheers guys
Hey there, I will post the link here at 1300 UTC 0900 Eastern time my time zone here so you could join. You can also visit my channel and subscribe so you can get notified.
If you fail to plan, you plan to fail.
  • #32,699
  • Oct 18, 2017 8:34am Oct 18, 2017 8:34am
Quoting Mr. Pip
{quote} Don't beat yourself up man. It was not a bad trade. shake it off and leave it in the past. NEXT!
I just want to be sure that it was "ok" and don't skip such a setups next time, thanks
  • #32,700
  • Oct 18, 2017 8:34am Oct 18, 2017 8:34am
Quoting ujku80
{quote} to me, it is correct but I would have waited for a better entry signal. So, i guess i might have taken that bearish bar behind the red line, above from where u entered (in hindsight). now it seems as the bears are coming. let us know what happens with the trade.
Thanks for observation!
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