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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

  • #33,701
  • Oct 31, 2017 2:49pm Oct 31, 2017 2:49pm
Quoting PeterT
USDJPY Will this be my 4th BE for the day or my champion Protected at BE when reaching 38.2% level {image}
4th BE it is!
  • #33,702
  • Oct 31, 2017 2:51pm Oct 31, 2017 2:51pm
Quoting Sheeep44
{quote} Zie dat je uit Nederland komt, heb je toevallig skype?
Ja dat heb ik. wat is jou skypenaam dan stuur ik je een uitnodiging. Gr Patrick
  • #33,703
  • Oct 31, 2017 3:53pm Oct 31, 2017 3:53pm
And the 1:1 harmonic pattern was "ALMOST" hit... missed it by 2 points. :-) Live and learn. NEXT!!!!
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Markets can remain irrational longer than you can remain solvent - JMK
  • #33,704
  • Oct 31, 2017 6:13pm Oct 31, 2017 6:13pm
Quoting lithium1
{quote} EJ entered SHORT {image}
SL hit. Next!
  • #33,705
  • Oct 31, 2017 6:33pm Oct 31, 2017 6:33pm
Already 5 BE trades today.
Last one for today, hopefully this time more than a BE. I'm locking in +1 pip

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  • #33,706
  • Oct 31, 2017 7:06pm Oct 31, 2017 7:06pm
Quoting PeterT
Already 5 BE trades today. Last one for today, hopefully this time more than a BE. I'm locking in +1 pip {image}
Entered second trade on new swing while letting first trade run.

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  • #33,707
  • Oct 31, 2017 7:10pm Oct 31, 2017 7:10pm
Quoting PeterT
{quote} Entered second trade on new swing while letting first trade run. {image}
Damn bears ruining my party. To BE..

EDIT: And out with BE

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  • #33,708
  • Oct 31, 2017 10:43pm Oct 31, 2017 10:43pm
Hello guys, question about what to do when price retraces to the 618 after the completion of an abcd. Is it correct to buy there where you see the red arrows?
Is that considered an aggressive buy from C?
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  • #33,709
  • Nov 1, 2017 1:06am Nov 1, 2017 1:06am
GM,

Price as raging, going long of the bottom of this structure. Immediate order flow is bearish so will be aggressive with trailing.
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  • #33,710
  • Nov 1, 2017 1:38am Nov 1, 2017 1:38am
Quoting ltupower
GM, Price as raging, going long of the bottom of this structure. Immediate order flow is bearish so will be aggressive with trailing. {image}
SL to BE. Will start trail aggressive when next structure reach.
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  • #33,711
  • Nov 1, 2017 1:38am Nov 1, 2017 1:38am
https://www.youtube.com/watch?v=MbsF8pY0Au4&t=2982s
  • #33,712
  • Nov 1, 2017 1:53am Nov 1, 2017 1:53am
USDJPY Analysis

Intraday: NSH

- Price made a NSH at 0545 GMT
- Medium harmonic completed in the structure

Expectation: Too early to make a decision. Will wait and see what price does after market open

Longterm: NSL

- Market is overall bearish and has corrected to the 61.8 and 78.6 Fib area
- Large harmonic completed in the zone
- Going with intraday expectations
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  • #33,713
  • Nov 1, 2017 1:57am Nov 1, 2017 1:57am
Quoting Bodiddi
Hello guys, question about what to do when price retraces to the 618 after the completion of an abcd. Is it correct to buy there where you see the red arrows? Is that considered an aggressive buy from C? {image}
Hi Bodiddi

Please go through all the videos that have been posted on this thread

It will teach you how to read a price chart and when/how to make the right entries to a trade
  • #33,714
  • Nov 1, 2017 2:44am Nov 1, 2017 2:44am
Traders, how is everyone doing? Looking to see what the market brings today.
Damn The Torpedoes, Full Speed Ahead!
  • #33,715
  • Nov 1, 2017 3:03am Nov 1, 2017 3:03am
Quoting ltupower
{quote} SL to BE. Will start trail aggressive when next structure reach. {image}
TP hit +25

Will be looking for correction of the last swing back to structure at 61.8 and go long again.
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  • #33,716
  • Nov 1, 2017 3:12am Nov 1, 2017 3:12am
Quoting Bodiddi
Hello guys, question about what to do when price retraces to the 618 after the completion of an abcd. Is it correct to buy there where you see the red arrows? Is that considered an aggressive buy from C? {image}
After completion of the ABCD the 61.8 correction is your standard profit target. What happens after that depends on whether the ABCD is in the direction of the expectation, or in a correction.

This is a case where you have an ABCD complete in a correction, so at completion point D good opportunity to enter in the direction of the expectation, and you will probably have opportunity to take profit far beyond that 61.8 correction (normally you will get a 1:1 harmonic of the previous main swing).
In this case your expectation is a NSL and price made a NSL in the immediate OF so it may not be advisable to buy in my opinion. Price should just continu and follow the expectation (70% probability).

In case the ABCD completes as two swings in the direction of the main orderflow, your profit target is 61.8% of AD, and usually doens't extend much further beyond that (because it's a correction and price will start following the expectation again).

Aggressive C sell or buy would be when you buy or sell at the C-point of an uncompleted ABCD, looking to complete the second leg (CD) as a 1:1 harmonic of the AB leg.

At least that is what I think I know about it.
Hope this helps
  • #33,717
  • Nov 1, 2017 3:14am Nov 1, 2017 3:14am
Trading has gone to shit the last 2 days. Been switching between TimeFrames and trading patterns and just structure based trades on the 1H, but NOTHING seem to work.. Had more than 6 losses in a row, really taking its toll right now.. Maybe better if I should take a break..
And going to look what really works for me longterm..
"Luck is when opportunity meets preparation"
  • #33,718
  • Nov 1, 2017 3:18am Nov 1, 2017 3:18am
Quoting DizzleFX
Traders, how is everyone doing? Looking to see what the market brings today.
not good mate, how you been doing?
"Luck is when opportunity meets preparation"
  • #33,719
  • Nov 1, 2017 3:24am Nov 1, 2017 3:24am
Quoting Sheeep44
Trading has gone to shit the last 2 days. Been switching between TimeFrames and trading patterns and just structure based trades on the 1H, but NOTHING seem to work.. Had more than 6 losses in a row, really taking its toll right now.. Maybe better if I should take a break.. And going to look what really works for me longterm..
That sucks Sheeep44. If you followed the rules there should be no problem. But I understand 6 in a row is a bit tougher to swallow.
Review your trades, see if you did anything wrong.
If nothing is wrong, clean up and continue: NEXT.
Hang in there
And read your footer! ;-)
  • #33,720
  • Nov 1, 2017 3:28am Nov 1, 2017 3:28am
Quoting Sheeep44
{quote} not good mate, how you been doing?
Nothing wrong with just stepping away and clearing your mind. We have all been there. If you are not already, make sure you analyze your losing trades and look for what you could have done better or might have missed. Hang in there!

Edit: I just realized that this is all pretty much what Peter said.
Damn The Torpedoes, Full Speed Ahead!
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