Ratios & Harmonics: a Different Way to Trade | Page 1710 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

"Ratios & Harmonics: a Different Way to Trade." Summary 37 replies

Learning to trade with harmonics 11 replies

Time for Change - Pivots & Harmonics to freedom 67 replies

180 reasons to trade Harmonics and Patterns 13 replies

Group Trading based on Elliott wave and Harmonics 0 replies

Attachments: Ratios & Harmonics: a Different Way to Trade
Exit Attachments

Ratios & Harmonics: a Different Way to Trade

  • #34,181
  • Nov 13, 2017 1:54pm Nov 13, 2017 1:54pm
Quoting Sheeep44
{quote} Mate, how you been doing, don't see you around much as of late. Me neither, quite busy, hope trading is going well!
Yeah I'm having trouble combining trading, participating in the thread and focusing on my dayjob.
I'm trying to focus more on my job lately because I realized that is still first priority.
Also trying to trade in between. But I have to cut somewhere so I had to cut back on posting in the thread.
I posted too much anyway
I'm still around, just a little more silent than usual
Trading has been on and off. Had a little bit of drawdown because I was struggling. Couldn't concentrate on trading because of work, and couldn't concentrate on work because of trading. I was trying to trade very short term orderflow, so I could have my daily profit target in a very short time span, but failed, hence the drawdown. If you have little time to trade I guess it's better to trade a longer term orderflow.
I'm trying to find a balance in everything. Doing well the last few trades. Won the loss back. So currently back to around my initial account balance HAHA. Well lets' hope it's upwards from here!

Wishing you and everybody green pips!
  • #34,182
  • Nov 13, 2017 2:49pm Nov 13, 2017 2:49pm
Quoting brrand
{quote} 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:{image} 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
Just wanted to say that a few harmonics are completing around 1690, which is also the 100% correction of the swing you are trading. So selling could be expected from that zone (structure, harmonics completing). If price retraces, it could retrace enough to at least break even.
If you step out now and price corrects 61.8% after the harmonic completions, you'll be banging your head against the wall
And if you're taken out, then so be it, right?
Just an opinion of a non-eminent trader

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 119 KB
  • #34,183
  • Nov 13, 2017 2:53pm Nov 13, 2017 2:53pm
Evening guys. Been busy packing out my house getting ready to move. I was able to get a trade in last night. Took a long on EURUSD after price completed a longer term ABCD and retraced deep just past the 61.8. Entered long and booked about 30 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 159 KB
Damn The Torpedoes, Full Speed Ahead!
  • #34,184
  • Nov 13, 2017 3:20pm Nov 13, 2017 3:20pm
Quote
Just wanted to say that a few harmonics are completing around 1690, which is also the 100% correction of the swing you are trading. So selling could be expected from that zone (structure, harmonics completing).

Nice area of confluence there...I am waiting and watching for now - riding the pain train as Damian would say .

Quote
If price retraces, it could retrace enough to at least break even. If you step out now and price corrects 61.8% after the harmonic completions, you'll be banging your head against the wall
That is the usual story....

Quote
Just an opinion of a non-eminent trader
LOL...Your opinion holds value for me.
  • #34,185
  • Nov 13, 2017 8:46pm Nov 13, 2017 8:46pm
Quoting PeterT
{quote} Just wanted to say that a few harmonics are completing around 1690, which is also the 100% correction of the swing you are trading. So selling could be expected from that zone...
lol @ non-eminent trader
  • #34,186
  • Nov 14, 2017 4:01am Nov 14, 2017 4:01am
Quoting brrand
{quote} That is the usual story....
Well looks like the harmonic completions and the structure were not enough to stop the bulls this morning.
Still, personally, I find the feeling of my SL being hit not nearly as bad as the feeling when I stop a trade manually because I'm scared, and then see the trade going my way with a big move.
I hope you feel the same :-)

Next. ;-)
  • #34,187
  • Nov 14, 2017 4:25am Nov 14, 2017 4:25am
https://www.youtube.com/watch?v=eM2IXmfFWEM&t=625s
  • #34,188
  • Nov 14, 2017 4:28am Nov 14, 2017 4:28am
USDJPY Analysis

Intraday: NSH
- Price made a NSH at 0820 GMT after market open
- Medium and large harmonic completed in the same area

Expectation: Will wait for price to come to my AOI before entering the trade

Longterm: NSL
- Market is overall bearish
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdjpy 141117 5m.JPG Size: 106 KB
Click to Enlarge Name: usdjpy 141117 15m.JPG Size: 120 KB
  • #34,189
  • Nov 14, 2017 5:20am Nov 14, 2017 5:20am
Hello Traders,

Ended today's trade hours with a loss > got greedy and mistakes were made with the last trade. Looking forward to tomorrow.

Have a great trading day, you guys!
Attached Image (click to enlarge)
Click to Enlarge Name: FDAX - Nov - 14.PNG Size: 77 KB
  • #34,190
  • Nov 14, 2017 6:08am Nov 14, 2017 6:08am
Quoting PeterT
{quote} Well looks like the harmonic completions and the structure were not enough to stop the bulls this morning. Still, personally, I find the feeling of my SL being hit not nearly as bad as the feeling when I stop a trade manually because I'm scared, and then see the trade going my way with a big move. I hope you feel the same :-) Next. ;-)
Always...
  • #34,191
  • Nov 14, 2017 6:25am Nov 14, 2017 6:25am
Seems Eur/Usd will never correct Trying to catch correction third time and the last time for today.. Was very stupid to trade against expectation all day.. Now we had big structure to the left and completed harmonic i hope this one hold.
Attached Image (click to enlarge)
Click to Enlarge Name: 11.14-1.png Size: 48 KB
  • #34,192
  • Nov 14, 2017 6:36am Nov 14, 2017 6:36am
Quoting ltupower
Seems Eur/Usd will never correct Trying to catch correction third time and the last time for today.. Was very stupid to trade against expectation all day.. Now we had big structure to the left and completed harmonic i hope this one hold. {image}
Out again, ok that's it done for today..
  • #34,193
  • Nov 14, 2017 8:48am Nov 14, 2017 8:48am
Quoting ltupower
Seems Eur/Usd will never correct Trying to catch correction third time and the last time for today.. Was very stupid to trade against expectation all day.. Now we had big structure to the left and completed harmonic i hope this one hold. {image}
One learning for me is...never go against the expectation...let the flow align itself in the immediate OF...costly learning :-)
  • #34,194
  • Nov 14, 2017 9:02am Nov 14, 2017 9:02am
EU long. 1:1 completion at structure in the direction of the trend.
Attached Image (click to enlarge)
Click to Enlarge Name: 2017_11_14_T233_EURUSD.png Size: 44 KB
  • #34,195
  • Nov 14, 2017 10:29am Nov 14, 2017 10:29am
Quoting arc001
EU long. 1:1 completion at structure in the direction of the trend. {image}
BE at test of high
Attached Image (click to enlarge)
Click to Enlarge Name: 2017_11_14_T233_EURUSD_BE.png Size: 43 KB
  • #34,196
  • Nov 14, 2017 10:48am Nov 14, 2017 10:48am
Long YM. Again 1:1 completion in the direction of the trend. Not 100% sure about stop placement. Putting it below older S/R flip zone.
Attached Image (click to enlarge)
Click to Enlarge Name: 2017_11_14_T233_YM.png Size: 42 KB
  • #34,197
  • Nov 14, 2017 10:54am Nov 14, 2017 10:54am
Quoting arc001
{quote} BE at test of high {image}
Trailed aggressively as I did not like price action at the top. Taken out at +18.
Attached Image (click to enlarge)
Click to Enlarge Name: 2017_11_14_T233_EURUSD_Exit.png Size: 53 KB
  • #34,198
  • Nov 14, 2017 11:02am Nov 14, 2017 11:02am
Quoting arc001
{quote} Trailed aggressively as I did not like price action at the top. Taken out at +18. {image}
Strong selling into 38.2. Also a weak NSH when compared with the strong trend today. So, will wait for a deeper pullback and breakdown in order flow on the sell side. Thanks.
Attached Image (click to enlarge)
Click to Enlarge Name: 2017_11_14_T233_EURUSD_PossibleEntry.png Size: 37 KB
  • #34,199
  • Nov 14, 2017 11:22am Nov 14, 2017 11:22am
Quoting arc001
Long YM. Again 1:1 completion in the direction of the trend. Not 100% sure about stop placement. Putting it below older S/R flip zone. {image}
BE at test of high.
Attached Image (click to enlarge)
Click to Enlarge Name: 2017_11_14_T233_YM_BE.png Size: 43 KB
  • #34,200
  • Nov 14, 2017 11:43am Nov 14, 2017 11:43am
my AOI looking for shorts, got 1 loser and 1 winner yesterday, lets see what today can bring me!
Attached Image (click to enlarge)
Click to Enlarge Name: 6J 12-17 (89 Tick) 2017_11_14.png Size: 36 KB
"Luck is when opportunity meets preparation"
8 traders viewing now