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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

  • #34,161
  • Nov 13, 2017 9:59am Nov 13, 2017 9:59am
Yes
But the buyers have become weak
If you fail to plan, you plan to fail.
  • #34,162
  • Nov 13, 2017 10:08am Nov 13, 2017 10:08am
Update
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-17 (233 Tick) 2017_11_13.png Size: 40 KB
If you fail to plan, you plan to fail.
  • #34,163
  • Nov 13, 2017 10:13am Nov 13, 2017 10:13am
Quoting Mr. Pip
Yes But the buyers have become weak
I was looking to get in there, but the candle at completion was stronger for the bears, so I opted to wait for better confirmation. Now it's a struggling to move, so I would be pacing the floors if I were in. :-)
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Markets can remain irrational longer than you can remain solvent - JMK
  • #34,164
  • Nov 13, 2017 10:17am Nov 13, 2017 10:17am
Quoting Mr. Pip
Long on the short term {image}
thanks a lot. missed this.
  • #34,165
  • Nov 13, 2017 10:21am Nov 13, 2017 10:21am
There it goes!
Wow! I've got some experience to gain.
  • #34,166
  • Nov 13, 2017 10:21am Nov 13, 2017 10:21am
Update
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-17 (233 Tick) 2017_11_13.png Size: 47 KB
If you fail to plan, you plan to fail.
  • #34,167
  • Nov 13, 2017 10:39am Nov 13, 2017 10:39am
Out at BE+2
If you fail to plan, you plan to fail.
  • #34,168
  • Nov 13, 2017 10:40am Nov 13, 2017 10:40am
Sorry guys I have not been very vocal today helping out some one.
If you fail to plan, you plan to fail.
  • #34,169
  • Nov 13, 2017 10:41am Nov 13, 2017 10:41am
Quoting Mr. Pip
Out at BE+2
Not easy today
  • #34,170
  • Nov 13, 2017 10:41am Nov 13, 2017 10:41am
I believe ABCD corrections should be expected to go to 61.8 of the pattern. Obviously they can go further, but is the 78.6 of significance in this as well?
  • #34,171
  • Nov 13, 2017 10:48am Nov 13, 2017 10:48am
Quoting csternfx
I believe ABCD corrections should be expected to go to 61.8 of the pattern. Obviously they can go further, but is the 78.6 of significance in this as well?
That is correct that is where I went to a breakeven because I expected price to make a NSH
If you fail to plan, you plan to fail.
  • #34,172
  • Nov 13, 2017 11:04am Nov 13, 2017 11:04am
Quoting Mr. Pip
Sorry guys I have not been very vocal today helping out some one.
no problem
  • #34,173
  • Nov 13, 2017 11:15am Nov 13, 2017 11:15am
I'll catch you guys tomorrow.
If you fail to plan, you plan to fail.
  • #34,174
  • Nov 13, 2017 11:39am Nov 13, 2017 11:39am
Quoting PeterT
{quote} Can't wait to watch it!
Mate, how you been doing, don't see you around much as of late. Me neither, quite busy, hope trading is going well!
"Luck is when opportunity meets preparation"
  • #34,175
  • Nov 13, 2017 11:52am Nov 13, 2017 11:52am
Pretty expensive rotation candle, but the bears were weakening and price made a significant bullish engulfing candle, with a possible ABCD completion.
Not the best R:R, but according to the rules this should of been a trade I should of take..
Currently only trading in the evening due to work.. How is everyone been doing?

Green pips to you all!
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY (89 Tick) 2017_11_13.png Size: 63 KB
"Luck is when opportunity meets preparation"
  • #34,176
  • Nov 13, 2017 11:53am Nov 13, 2017 11:53am
Took This trade today on EURUSD 1H Chart.
- Long term expectation is NSL,
- Price Retraced almost 100% of the last swing (with Fib)
- I went short, at the red dotted line in expectation of atleast a test of the last low.Reason being
- Fib Level
- Structure on the left
- AB= CD with the previous swing

Attached Image (click to enlarge)
Click to Enlarge Name: EU_20171113.png Size: 43 KB


Questions:
Is my analysis correct...lately I am getting my AOI all wrong.
Is my entry too early, should I have waited for the immediate OF to align to my expectation?

Request feedback from Mr Pip and other eminent traders in the forum.

Thanks
  • #34,177
  • Nov 13, 2017 12:34pm Nov 13, 2017 12:34pm
Quoting brrand
Took This trade today on EURUSD 1H Chart. - Long term expectation is NSL, - Price Retraced almost 100% of the last swing (with Fib) - I went short, at the red dotted line in expectation of atleast a test of the last low.Reason being - Fib Level - Structure on the left - AB= CD with the previous swing {image} Questions: Is my analysis correct...lately I am getting my AOI all wrong. Is my entry too early, should I have waited for the immediate OF to align to my expectation? Request feedback from Mr Pip and other eminent traders in the forum. Thanks...
IMHO you should focus on 1 OF and stick with that OF. I sometimes re-enter when the immediate OF allings with the short term OF. I can't directly see what your entry candle is, but you also can acces the strength of the buyers, are the bullish candles getting weaker ( around your AOI) or maybe stronger, should I wait for a deeper correction? Your expecation is correct from what I can tell, we should expect A NSL.
You can also project a AB=CD pattern on the IF, to see if anything complets at your AOI, building a bigger and better case for entry. Maybe you can put a extension and inversion of the recent counter swing (Immediate OF swing ) to see if also anything ligns up with the predicited strength( depth / projection and momentum), at key structure and a fib.
Your setup looks allright to me, but everyone is different so you really got to backtest your own set of rules to see what works and what doesn't, does this mean that the trade is going to work out, we have to see!

Just my 0,02$, hope it helped.
"Luck is when opportunity meets preparation"
  • #34,178
  • Nov 13, 2017 12:40pm Nov 13, 2017 12:40pm
got stopped out on the last trade.
Short
Bulls were getting weaker, at key structure and possible correction of the ABCD pattern.
Bears were quite strong on the recent downward move, so didn't want to wait for a deeper pullback.
Projection wasn't as strong, momentum could be better. So around a 2/3 pullback, right what I expected (61,8% fib) at structure.
-8,5 pips for the day, last trade of the day aswel, overal volume is pretty low around this hour of the day..
Attached Image (click to enlarge)
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"Luck is when opportunity meets preparation"
  • #34,179
  • Nov 13, 2017 1:21pm Nov 13, 2017 1:21pm
Hi Damian, in this case, GC 233, is the big green line the main swing by which all other price should fall in line until a NSH is made (happened at point D) or until enough power to the downside is shown?
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  • #34,180
  • Nov 13, 2017 1:42pm Nov 13, 2017 1:42pm
Quoting Sheeep44
{quote} IMHO you should focus on 1 OF and stick with that OF. I sometimes re-enter when the immediate OF allings with the short term OF. I can't directly see what your entry candle is, but you also can acces the strength of the buyers, are the bullish candles getting weaker ( around your AOI) or maybe stronger, should I wait for a deeper correction? Your expecation is correct from what I can tell, we should expect A NSL. You can also project a AB=CD pattern on the IF, to see if anything complets at your AOI, building a bigger and better case for...
Thanks for your reply...
Looks likes this trade is going to be a losing one...I did not consider the stregth in the candles while going short. BTW, added some more details on the snap:
Attached Image (click to enlarge)
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I am working of off the OF in Pink Line...entered short at the candle at the black vertical line. I will wait and see if the 88 level holds, otherwise I will be out of the trade.

Thanks
Rakesh
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