Ratios & Harmonics: a Different Way to Trade

On the pain train let's see if the bears can recover

Stopped out the short term

Hello Damian!
As i told you before, I'm Trading Forex on Longer Time Frames (H4,D1,W1) due to my personal aspects and i'm applying your concepts and it's incredible how it are working great!
Sometimes i'm having problems of interpretation of the Chart when i have Very good Setups for Long and Shorts simultaneously

See below some Examples
In This Example on GBP/JPY, I have the First Swing that Broke the Resistance Level Making a NSH, That Swing Bounces
on the New Support Level (Old Resistance), But they Bounce on 38.2 FIB Level.
If we Draw a New Fib Ratio Looking for Shorts we see that price are on 61.8 FIB, Which with Right PA can Form
a ABC Setup For Short Entries.
In this Case, Where i have to act? in your experience which one offers the best odds, i have to Open Long Positions When the price Reacts (Good Candle Entry) on 38.2 Bounce on Support Level Looking for new Highs or Wait for Good Candle Formation to Entry on 61.8 Short Positions?


On EURCHF Example, We have the Main Swing forming a NSH and bouncing on 61.8, but if we Draw a FIB Looking for Shorts
We see the price forming a Beautiful entry on 61.8 too.

I'm sure that many other traders get stucked with this type of situation too, so I'll be very grateful if you can clarify this.
Thank you so much!

progression, +14

I saw after my entry that you went short. I went long.

be on YM

You better throw some money on the NQ, pushing this baby a little up

Nevermind, target hit + 36 ticks.

stopped on NQ for +5

You saw it better then me way to go!!!!

Long EU

Short, bulls seem to run a little out of steam, at a good structure area..

I do not like to take trades in opposite direction of you.

I was more occupied with figuring out what current time is in NY and when market opens compared to where I am.

P/L this month so far between yesterday and today. Don't freak out. I've been heavy on the contracts and shows the belief I have in my system.

USDJPY +30

It's no big deal I'm glad you won. I've already doubled my P/L from last month in 1 1/2 day. I traded the short term expectation and it failed. It happens.

long

Locked in 20

out with 20 so breakeven day next!

nice ! i might trade the short term swing into a NSH
but lets see what the bears do here