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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

  • #33,361
  • Oct 27, 2017 3:01am Oct 27, 2017 3:01am
short
ABCD completion.
127,2 exten
138,2 inversion
@ good structure
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD (144 Tick) 2017_10_27.png Size: 47 KB
"Luck is when opportunity meets preparation"
  • #33,362
  • Oct 27, 2017 3:08am Oct 27, 2017 3:08am
Quoting Sheeep44
short ABCD completion. 127,2 exten 138,2 inversion @ good structure {image}
Good luck for both of us
  • #33,363
  • Oct 27, 2017 3:08am Oct 27, 2017 3:08am
Quoting RajD
USDJPY Analysis Intraday: LH to NSH - Price will most probably make a NSH before market open - Small harmonics completed - Large harmonics completed in the same zone as well Expectation: With large harmonic completing there as well, I’m expecting a deep retracement in the long term. Expectation intraday is still a NSH, however I feel it might be broken. Took a similar trade 2 days back and realized why expectation was broken. Will wait for what price decides to do Longterm: NSH - Large harmonics almost completed - Going with intraday expectations...
USDJPY Update 1

- Large harmonics completed
- Expectation broken. Price is a NSL

Expectation: Would like price to retrace and come to my AOI
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy 271017 Upd1.JPG Size: 102 KB
  • #33,364
  • Oct 27, 2017 3:15am Oct 27, 2017 3:15am
Quoting ltupower
{quote} Good luck for both of us
Huge bearish candle, putting the odds a little more in our favour. A lot of bears are coming in at that point, which is good.
The bulls were quite strong, so was doubting if I should enter, then we got a doji candle at our AOI, and than a bearish candle which fitted my entry rules, so I entered.
So hope we will win this.
Do you trade the short term or the immediate order flow?
"Luck is when opportunity meets preparation"
  • #33,365
  • Oct 27, 2017 3:21am Oct 27, 2017 3:21am
Quoting RajD
{quote} USDJPY Update 1 - Large harmonics completed - Expectation broken. Price is a NSL Expectation: Would like price to retrace and come to my AOI {image}
Where is your AOI then RajD?
I was looking at 114.18 or higher.
Move down was pretty strong so may not get a deep retrace.
That's why I was wondering what your AOI was.
  • #33,366
  • Oct 27, 2017 3:22am Oct 27, 2017 3:22am
Quoting ltupower
{quote} Good luck for both of us
Bulls are still quite strong buddy
"Luck is when opportunity meets preparation"
  • #33,367
  • Oct 27, 2017 3:27am Oct 27, 2017 3:27am
Quoting Sheeep44
{quote} Bulls are still quite strong buddy
EURUSD is near an important S/R zone so you might expect more complex corrections and/or expectation failures.
Just hold on to the trade :-)

EDIT: Whoops sorry my chart was not scrolled to the end. Forget the above LOL
  • #33,368
  • Oct 27, 2017 3:30am Oct 27, 2017 3:30am
Quoting PeterT
{quote} EURUSD is near an important S/R zone so you might expect more complex corrections and/or expectation failures. Just hold on to the trade :-) EDIT: Whoops sorry my chart was not scrolled to the end. Forget the above LOL
HAHA, I laugh way too often mate..
Probs going to fail, and then I am going to focus on the Immediate order flow, SHOULD of have had 3 winners already today..
"Luck is when opportunity meets preparation"
  • #33,369
  • Oct 27, 2017 3:35am Oct 27, 2017 3:35am
Quoting Sheeep44
{quote} HAHA, I laugh way too often mate.. Probs going to fail, and then I am going to focus on the Immediate order flow, SHOULD of have had 3 winners already today..
70% prob it will not fail ;-)
  • #33,370
  • Oct 27, 2017 4:30am Oct 27, 2017 4:30am
Quoting PeterT
{quote} Where is your AOI then RajD? I was looking at 114.18 or higher. Move down was pretty strong so may not get a deep retrace. That's why I was wondering what your AOI was.
AOI for me is when the bulls get exhausted. It could be the 38.2, 50, 61.8, 78.6 and 88.6

Harmonics also lead the way most of the time. However corrections don't always complete harmonics, that's why i don't enjoy trading them

You're right. the retracement might end at 38.2

Just gonna wait and see what happens
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy 271017 Upd2.JPG Size: 101 KB
  • #33,371
  • Oct 27, 2017 4:49am Oct 27, 2017 4:49am
Quoting C0inPr0fit
I am curious if anyone here knows about Formation Seeker? I am also curious if there is any alternative to starting at Page 785 of the OP or the "Summary" Thread to catch up with all of the material? Or has everyone else moved on or advanced to some other website? I have been reading "The Harmonic Trader" but also been trying to catch up on some basics of chart reading like candlestick patterns, Moving Averages, EMA's, Stochastics and RSI to get some idea of the basics because I feel like I am at a point where I have a gap of understanding. Some...
Start with Mr Pips youtube channel: https://www.youtube.com/channel/UCy5Zq25cFK3FZeF26wn4m0w/videos
Rise and rise again until lambs become lions
  • #33,372
  • Oct 27, 2017 5:29am Oct 27, 2017 5:29am
Go Bears!!! Maybe second round will be better
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD (233 Tick) 7.png Size: 45 KB
  • #33,373
  • Oct 27, 2017 5:58am Oct 27, 2017 5:58am
Quoting ltupower
Go Bears!!! Maybe second round will be better {image}
Don't like this rotation at all..
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD (233 Tick) 8.png Size: 40 KB
  • #33,374
  • Oct 27, 2017 6:23am Oct 27, 2017 6:23am
Quoting ltupower
{quote} Don't like this rotation at all.. {image}
Closed +19 If i get rotation will go for long.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD (233 Tick) 9.png Size: 44 KB
  • #33,375
  • Oct 27, 2017 6:35am Oct 27, 2017 6:35am
Long setup on GOLD, approaching AOI with 1:1 confluence at fibo golden zone.
Attached Image (click to enlarge)
Click to Enlarge Name: 2017-10-27 at 19-32-27.png Size: 34 KB
  • #33,376
  • Oct 27, 2017 6:49am Oct 27, 2017 6:49am
USDJPZzzzzzz...
  • #33,377
  • Oct 27, 2017 6:55am Oct 27, 2017 6:55am
Was gambling for Long -6. Next!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD (233 Tick) 10.png Size: 52 KB
  • #33,378
  • Oct 27, 2017 7:25am Oct 27, 2017 7:25am
Quoting ltupower
Was gambling for Long -6. Next! {image}
receive decent rotation candle on 138 extension. Taking another shoot for long.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD (233 Tick) 11.png Size: 54 KB
  • #33,379
  • Oct 27, 2017 7:26am Oct 27, 2017 7:26am
USDJPY Damn it nice candle when news is about to come out..
Took a short with partial risk..
  • #33,380
  • Oct 27, 2017 7:26am Oct 27, 2017 7:26am
Trade did hit target.
Learned a lot this week.
Currently up more than 3% for the week, so weekly target has been hit.
Really took 4 trades that I shouldn't have taken due to emotions earlier in the week. Currently emotions are getting better and better everyday.
Should of been up 8-10% with a winrate of around 40-55%.
But hey, this is all a big journey.
Hope all you guys did a good job this week in making some money!
Attached Image
"Luck is when opportunity meets preparation"
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