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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

  • #33,781
  • Nov 2, 2017 2:58am Nov 2, 2017 2:58am
Quoting RajD
{quote} Well you have to remember that there are people trading (buying and selling) 24 hours in a day. There are 4 markets - US, London, Tokyo and Sydney. By trading, let say, London open, people who were trading the previous market might be exiting the market and new people will be entering so that's when price moves in volatility. It's important to understand which way price is moving before entering a trade. So as you've noticed in Mr. Pips videos, he never enters a trade before the 1st hour of market open. That's because other professional...
Your statement that Damian is entering only after 1 hour market open is not right. He took also (rarely) trades before market open if price is at the right level (trading expectations ). To wait couple of minutes when markets open avoids to get rid of resting orders which produces noise and trading at prime time ensures only high participation (High volume) which makes things moving.
  • #33,782
  • Nov 2, 2017 3:13am Nov 2, 2017 3:13am
Quoting ltupower
GM, Eur/Usd is shooting to the sky. Will be waiting for deeper correction like this ABCD to the downside to go long. {image}
Don't like the momentum of the CD leg but we have a setup for long.
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  • #33,783
  • Nov 2, 2017 4:51am Nov 2, 2017 4:51am
Quoting ltupower
{quote} Don't like the momentum of the CD leg but we have a setup for long. {image}
Immediate order flow start looking good. Let's go bulls!
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  • #33,784
  • Nov 2, 2017 5:41am Nov 2, 2017 5:41am
Took a short on YM, it looks like a good 1:1 AB/CD sort of stuff. The 1:1 would complete at a nice level that was tested and rejected on October 31. Not that I care a lot about the longer term, but it's nice that it would complete on that spot.
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Markets can remain irrational longer than you can remain solvent - JMK
  • #33,785
  • Nov 2, 2017 5:57am Nov 2, 2017 5:57am
Quoting evocpr19
{quote} Your statement that Damian is entering only after 1 hour market open is not right. He took also (rarely) trades before market open if price is at the right level (trading expectations ). To wait couple of minutes when markets open avoids to get rid of resting orders which produces noise and trading at prime time ensures only high participation (High volume) which makes things moving.
but you get my point tho..you need to be trading at the start and end of a particular market inorder to take maximum advantage of the orderflow that is taking place during that time
  • #33,786
  • Nov 2, 2017 6:04am Nov 2, 2017 6:04am
Quoting Timwelch
Took a short on YM, it looks like a good 1:1 AB/CD sort of stuff. The 1:1 would complete at a nice level that was tested and rejected on October 31. Not that I care a lot about the longer term, but it's nice that it would complete on that spot. {image}

Stopped out. Next!
Markets can remain irrational longer than you can remain solvent - JMK
  • #33,787
  • Nov 2, 2017 6:04am Nov 2, 2017 6:04am
Quoting Timwelch
Took a short on YM, it looks like a good 1:1 AB/CD sort of stuff. The 1:1 would complete at a nice level that was tested and rejected on October 31. Not that I care a lot about the longer term, but it's nice that it would complete on that spot. {image}
Your stop loss should be above 23380
  • #33,788
  • Nov 2, 2017 6:12am Nov 2, 2017 6:12am
Quoting RajD
{quote} Your stop loss should be above 23380
I have a modified ruleset. YMMV.
Markets can remain irrational longer than you can remain solvent - JMK
  • #33,789
  • Nov 2, 2017 6:50am Nov 2, 2017 6:50am
Quoting ltupower
{quote} Immediate order flow start looking good. Let's go bulls! {image}
Slowly but steady moving to the target. Free trade now.
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  • #33,790
  • Nov 2, 2017 8:12am Nov 2, 2017 8:12am
Quoting ltupower
{quote} Slowly but steady moving to the target. Free trade now. {image}
SL +10.
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  • #33,791
  • Nov 2, 2017 8:16am Nov 2, 2017 8:16am
EJ 15 min.coming into killing zone to potential long. price touch 61.8 & start rejecting. but will wait for better entry

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5 min view

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  • #33,792
  • Nov 2, 2017 8:33am Nov 2, 2017 8:33am
Taking another shoot for long.
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  • #33,793
  • Nov 2, 2017 8:35am Nov 2, 2017 8:35am
A little premarket trade.
Bears were getting weaker, as I they came to my AOI, first candle was pretty significant, and the other 2 were pretty weak.
Bulls of main swing did make a lot of momentum.
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"Luck is when opportunity meets preparation"
  • #33,794
  • Nov 2, 2017 8:55am Nov 2, 2017 8:55am
GM Traders, A bit late today. Let's see what we can get into.
If you fail to plan, you plan to fail.
  • #33,795
  • Nov 2, 2017 9:07am Nov 2, 2017 9:07am
Short YM and NQ since a while after EU open.
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  • #33,796
  • Nov 2, 2017 9:08am Nov 2, 2017 9:08am
Will this thing ever stops?
"Luck is when opportunity meets preparation"
  • #33,797
  • Nov 2, 2017 9:09am Nov 2, 2017 9:09am
Quoting ltupower
Taking another shoot for long. {image}
Target hit +36.

+30 Yesterday +46 today and we are back to the game

GL traders trading YM.
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  • #33,798
  • Nov 2, 2017 9:13am Nov 2, 2017 9:13am
Wow I get up to grab a bit and bam. Missed it. I've been short on the longer term since yesterday adding to my positions. They are going quite well.
If you fail to plan, you plan to fail.
  • #33,799
  • Nov 2, 2017 9:22am Nov 2, 2017 9:22am
Short
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If you fail to plan, you plan to fail.
  • #33,800
  • Nov 2, 2017 9:26am Nov 2, 2017 9:26am
I closed all my shorts on the longer term as this area has shown good support there is no need to give back all that profit.
If you fail to plan, you plan to fail.
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