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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

  • #34,121
  • Nov 10, 2017 9:30am Nov 10, 2017 9:30am
Update About my EUR/USD Posted Earlier.
After 4 Hours the price are almost in my TP.
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  • #34,122
  • Nov 10, 2017 9:32am Nov 10, 2017 9:32am
update
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If you fail to plan, you plan to fail.
  • #34,123
  • Nov 10, 2017 9:32am Nov 10, 2017 9:32am
Quoting VictorFaria
Update About my EUR/USD Posted Earlier. After 4 Hours the price are almost in my TP. {image}
Awesome
If you fail to plan, you plan to fail.
  • #34,124
  • Nov 10, 2017 9:34am Nov 10, 2017 9:34am
Quoting Mr. Pip
{quote} Awesome
Thank you my Friend, for all your time and efforts to help people.
  • #34,125
  • Nov 10, 2017 9:35am Nov 10, 2017 9:35am
BE short term
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If you fail to plan, you plan to fail.
  • #34,126
  • Nov 10, 2017 9:47am Nov 10, 2017 9:47am
Buyers are aggressively trying to come in sellers should be able to defend 75-77 lets see if I survive.
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If you fail to plan, you plan to fail.
  • #34,127
  • Nov 10, 2017 9:50am Nov 10, 2017 9:50am
Beautiful rotation at 78 bears came in hard. Let's hope that finishes the buyers.
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If you fail to plan, you plan to fail.
  • #34,128
  • Nov 10, 2017 10:09am Nov 10, 2017 10:09am
I'm having a hard time seeing the short as the expectation. There are a lot of smaller swings. It must be order flow confusion.

I think I found my issue. I tend to get lost on which swing is the main one that I'm working off of. Need the low or high of that main swing to break. in bewteen is complex correction.
  • #34,129
  • Nov 10, 2017 10:15am Nov 10, 2017 10:15am
+3 On the short term
If you fail to plan, you plan to fail.
  • #34,130
  • Nov 10, 2017 10:23am Nov 10, 2017 10:23am
Still in the longer term.
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If you fail to plan, you plan to fail.
  • #34,131
  • Nov 10, 2017 10:29am Nov 10, 2017 10:29am
Closed my longer term as well. +35
If you fail to plan, you plan to fail.
  • #34,132
  • Nov 10, 2017 10:30am Nov 10, 2017 10:30am
Have a great weekend Traders!!!!!
If you fail to plan, you plan to fail.
  • #34,133
  • Nov 10, 2017 10:55am Nov 10, 2017 10:55am
Quoting csternfx
I'm having a hard time seeing the short as the expectation. There are a lot of smaller swings. It must be order flow confusion. I think I found my issue. I tend to get lost on which swing is the main one that I'm working off of. Need the low or high of that main swing to break. in bewteen is complex correction.
Csternfx,

Seems you have answered your own question . Usually, Damian's first chart will have a fib drawn which will help you identify the swing he intends to trade. Once you know the main swing, everything else makes sense, including complex corrections.

I had marked up this chart before i saw your answer. . . figure i might as well post it . Please note, you could make the case the complex correction began slightly lower on a following LH, it will ultimately all lead to the same place as we know.

Good weekend to everyone, and thank you Damian.

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  • #34,134
  • Nov 10, 2017 11:02am Nov 10, 2017 11:02am
Quoting Nik-Nyc
{quote} Csternfx, Seems you have answered your own question . Usually, Damian's first chart will have a fib drawn which will help you identify the swing he intends to trade. Once you know the main swing, everything else makes sense, including complex corrections. I had marked up this chart before i saw your answer. . . figure i might as well post it . Please note, you could make the case the complex correction began slightly lower on a following LH, it will ultimately all lead to the same place as we know. Good weekend to everyone,...
Seems I often forget which swing I'm trading. On your pink/red line I saw that as two swings up so you have a HL and a NSH, but thats not right because it didn't break the main swing. I've caught myself doing this before. I escaped unscathed today, but it has screwed me before. I need to start drawing a line on the swing.
  • #34,135
  • Nov 10, 2017 12:11pm Nov 10, 2017 12:11pm
Quoting csternfx
{quote} Seems I often forget which swing I'm trading. On your pink/red line I saw that as two swings up so you have a HL and a NSH, but thats not right because it didn't break the main swing. I've caught myself doing this before. I escaped unscathed today, but it has screwed me before. I need to start drawing a line on the swing.
We have all made this same mistake before. As you said, "drawing a line on the swing" you want to trade, will greatly assist in navigating orderflow and help not get lost in the immediate OF. This way, if we do choose to trade a correction, at least we know it before assuming the risk, and we can manage accordingly.
  • #34,136
  • Nov 10, 2017 12:44pm Nov 10, 2017 12:44pm
Quoting Nik-Nyc
{quote} We have all made this same mistake before. As you said, "drawing a line on the swing" you want to trade, will greatly assist in navigating orderflow and help not get lost in the immediate OF. This way, if we do choose to trade a correction, at least we know it before assuming the risk, and we can manage accordingly.
I'm making that my homework for the weekend. Do some playback and draw my swing in.
  • #34,137
  • Nov 12, 2017 10:15am Nov 12, 2017 10:15am
Quoting Mr. Pip
Well Traders, the session was jam packed with information. I hope you all get a chance to revisit it and that it helps you. It will be posted later on today once it renders.
Dang good video, Damien! You've unleashed so much wisdom and knowledge on us, I could never express my full gratitude to you! Much appreciated, be blessed, my friend!
Markets can remain irrational longer than you can remain solvent - JMK
  • #34,138
  • Nov 13, 2017 12:12am Nov 13, 2017 12:12am
https://www.youtube.com/watch?v=4bHawonohls&t=1523s
  • #34,139
  • Edited 2:38am Nov 13, 2017 1:48am | Edited 2:38am
USDJPY Analysis

Intraday: NSH
- Price made a NSH at around midnight
- 2 medium harmonics completed

Expectation: Price is currently retracing after the NSH. Bears are slowing down towards the golden zone. The bears did push price down and are with good momentum. Will wait to see what price does after market open

Longterm: NSL
- Market is overall bearish
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  • #34,140
  • Nov 13, 2017 3:03am Nov 13, 2017 3:03am
Hello,

Got headache for my today firs trade. Took a long in green line (now taking trades in MT4) due to long term expectation NSH. Price made ABCD harmonic to the downside - retest it so took a shoot. Even momentum is against us.
And now got another 1:1 short term completion to the downside what bulls shouldn't let done and now my expectation for a NSH is very poor.
So my question - should i be looking for a graceful exit to get BE or stick to the plan and try to reach at least previous highs?
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