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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

  • #32,961
  • Oct 23, 2017 12:42am Oct 23, 2017 12:42am
https://www.youtube.com/watch?v=BIVJ6_Xf8U8
  • #32,962
  • Oct 23, 2017 12:50am Oct 23, 2017 12:50am
This 6J long looks impeccable, unless I'm missing something technically.
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  • #32,963
  • Oct 23, 2017 1:02am Oct 23, 2017 1:02am
Quoting Bodiddi
This 6J long looks impeccable, unless I'm missing something technically. {image}
That happened very quick, no time to ponder miscalculations, maybe best way.
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  • #32,964
  • Oct 23, 2017 1:14am Oct 23, 2017 1:14am
USDJPY Analysis

Intraday: NSL

Just took a trade a few minutes back. Found a good opportunity to enter with great RR. Expecting price to complete the harmonic

- 3 long term harmonics completed at the NSH and market has dropped since and broke immediate structure to make a NSL

Long term: NSH

- Market is overall bullish
- Will go with intraday expectations for now
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  • #32,965
  • Oct 23, 2017 2:06am Oct 23, 2017 2:06am
Reached long term structure, SL setting to BE
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  • #32,966
  • Oct 23, 2017 2:16am Oct 23, 2017 2:16am
it is f*cking money mondaaaaaaaaaaaaaaayyyyy, lets get it guys and girls! Lets make some Benjamins!
"Luck is when opportunity meets preparation"
  • #32,967
  • Oct 23, 2017 2:24am Oct 23, 2017 2:24am
Quoting RajD
USDJPY Analysis Intraday: NSL Just took a trade a few minutes back. Found a good opportunity to enter with great RR. Expecting price to complete the harmonic - 3 long term harmonics completed at the NSH and market has dropped since and broke immediate structure to make a NSL Long term: NSH - Market is overall bullish - Will go with intraday expectations for now {image} {image}
USDJPY -4

It was clumsy of me to break my rules and enter the market early

Will look to enter after price gives a better indication on direction
  • #32,968
  • Oct 23, 2017 3:30am Oct 23, 2017 3:30am
Quoting ltupower
Reached long term structure, SL setting to BE {image}
Closed +28. Happy about this trade, gave room for price when it reached resistance survived that 38% correction and price went where it should be. Now it's 4th short term harmonic completion and coming to the intraday 1:1. Might be a setup for buy, we also have a long term structure in that area.
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  • #32,969
  • Oct 23, 2017 3:34am Oct 23, 2017 3:34am
ABCD pattern completion in cyan. Was considering taking a long but the second leg was kind of strong.
Must suppress the urge of being in a trade
So waiting for price to come into AOI.
Planning to take a short there and complete the larger 1:1 harmonic.
That is, if it all plays out that way of course..

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  • #32,970
  • Oct 23, 2017 3:47am Oct 23, 2017 3:47am
Quoting ltupower
{quote} Closed +28. Happy about this trade, gave room for price when it reached resistance survived that 38% correction and price went where it should be. Now it's 4th short term harmonic completion and coming to the intraday 1:1. Might be a setup for buy, we also have a long term structure in that area. {image}
Maybe opportunity for long? It's lunch time so will skip this.
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  • #32,971
  • Oct 23, 2017 4:00am Oct 23, 2017 4:00am
YM was a breakeven, but 6J worked out well, target hit for +22
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  • #32,972
  • Oct 23, 2017 4:08am Oct 23, 2017 4:08am
analysis

EDIT: went short
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"Luck is when opportunity meets preparation"
  • #32,973
  • Oct 23, 2017 4:42am Oct 23, 2017 4:42am
EURUSD
Took a long on the short term OF
Not sure if I will survive.
Just reporting for the sake of transparency

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  • #32,974
  • Oct 23, 2017 5:06am Oct 23, 2017 5:06am
Ok just got back from lunch and going for long after good rotation candle. Will go BE if reached 38%.
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  • #32,975
  • Oct 23, 2017 5:24am Oct 23, 2017 5:24am
EURUSD 5M sell
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  • #32,976
  • Oct 23, 2017 6:01am Oct 23, 2017 6:01am
Projection was increasing;
Momentum was increasing;
Depth was decreasing.
So I didn't expect a deep retracement. Around the 50% level. At this level there was really good structure. Also a harmonic of previous upswing aswell and a deeper AB=CD completion, with a 200% extension just above this area.
Just got stopped out at BE.
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"Luck is when opportunity meets preparation"
  • #32,977
  • Oct 23, 2017 6:20am Oct 23, 2017 6:20am
Quoting PeterT
EURUSD Took a long on the short term OF Not sure if I will survive. Just reporting for the sake of transparency {image}
Stop was hit -5 pips.
Then took a new long, stop was hit -6 pips.
Another long on 1:1 completion and nice rotation candle. Stop hit at BE.

I may still be stuck in my earlier "prediction" of the ABCD pattern correction.
But we are approaching a longer term support area so the long might still come.
The question is, is it really worth chasing it.
By the time price makes that correction to the upside I might have had so many small losses that I can barely break even..
  • #32,978
  • Oct 23, 2017 6:26am Oct 23, 2017 6:26am
Quoting PeterT
{quote} Stop was hit -5 pips. Then took a new long, stop was hit -6 pips. Another long on 1:1 completion and nice rotation candle. Stop hit at BE. I may still be stuck in my earlier "prediction" of the ABCD pattern correction. But we are approaching a longer term support area so the long might still come. The question is, is it really worth chasing it. By the time price makes that correction to the upside I might have had so many small losses that I can barely break even..
Mine long still active but bulls not showing any power.. Just hoping to achieve at least this small harmonic to the upside.
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  • #32,979
  • Oct 23, 2017 6:29am Oct 23, 2017 6:29am
Possible area for longs:
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"Luck is when opportunity meets preparation"
  • #32,980
  • Oct 23, 2017 6:29am Oct 23, 2017 6:29am
Quoting ltupower
{quote} Mine long still active but bulls not showing any power.. Just hoping to achieve at least this small harmonic to the upside. {image}
My entry was around the 38.2% level so I couldn't protect there. Bull power was so weak that I protected to BE when golden zone was reached.
Good luck on your trade
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