Ratios & Harmonics: a Different Way to Trade
Hello all. I took a short on EURUSD after price made a few lower lows and retraced into a nice area of structure. It also could potentially complete a larger one to one move from a swing back. Always open to feedback. {image}
Let's go bears! Just SL over 76 due to bad R:R
{quote} Re-enter for short too
{quote} Stoped out +15. Can some one comment on trailing? It was ok or not? {image}
{quote} No offense but i hope you will not get your correctionGo bears!
{quote} I'm actually also thinking price is at a structure level (between 38.2 and 50%) with resistance and might not break through. I could go short now if I get a nice rotation to the downside starting from that zone, and I put SL above the zone. I would have less room to protect though and my stop would be more vulnerable (because it's not placed above the swing)..
{quote} I'm actually also thinking price is at a structure level (between 38.2 and 50%) with resistance and might not break through. I could go short now if I get a nice rotation to the downside starting from that zone, and I put SL above the zone. I would have less room to protect though and my stop would be more vulnerable (because it's not placed above the swing)..
{quote} This was my AOI, price till this moment, couldn't break through the 1,41 ext.. So, went short on the conformation candle, since all the other candles seemed a bit wack, so waited for a conformation candle and went short.. Still have 4 losses. Did see a nice AB=CD pattern completion, with targets hit within minutes.. BUT was a couple of mins late.. And didn't really backtested AB=CD completion counter trade's so be a little carefull live trading them..
Here is my Monte Carlo simulation. I found it somewhere online and modified to fit my purposes, so can't take credit for it. The macros were the reason I couldn't upload it earlier. This version is without macros, and I upload my macros in .txt if you want to enable them. Just copy paste them in VB editor (right-click the tab down with your worksheet name on it and choose view code). First one is to track down multiple runs of the simulation to get better averages and the second one should be assigned to the clear button in order to make it work....
{quote} The zone you are talking about is pretty much were I placed my trade. I also considered waiting on a higher retracement, but because of the decent projection and good momentum from the leg down, I think an expectation for a shallower correction that fits right into that zone makes sense. I could be wrong though. Just wanted to provide my point of view to yours.
Been using Mr Pips method on GBPUSD last week. Actually doubled the account this week. It is possible. Post a chart with the overview the trades. ( I use 89 tick chart for the actual trading ) Very nice to get in sync on one instrument and watch it like a hawk. I have many loosing trades and it is potential to getting a lot better but anyway it works well over the longer run, a looser here and a looser there is ok
