Ratios & Harmonics: a Different Way to Trade

Quoting Hansl

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I am in short as well. Price might test 660 area. D completition and sell I hope. {image}

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Quoting Timwelch

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I got in long for the last push up, it went further than expected, so i trailed aggressively and got taken out with $160 profit. As you can see, I was expecting 18 points, and I got double that. My stop was 18 points, so it was a 1:1 expected risk:reward, but I got a 2:1 out of it by luck. {image}

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Quoting Supreme1394

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{quote} Hope you went to breakeven, couldnn't find a suitable rotation candle so I didn't take the short.

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Quoting Mr. Pip

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{quote} Added to the trade in with 60 {image}

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Quoting RajD

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{quote} Read the market completely wrong. was too eager to enter the trade and didn't follow my own analysis

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Quoting Sheeep44

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Can anybody please hand over the pip king trophy? Also lost 1 trade and 1 BE trade. ( to be completely transparent ) But anyway wanted to share this monster trade, made over 7% on this single trade. I am done for today! {image}

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Quoting Supreme1394

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{quote} Nice!!! You cought the sudden bull rocket

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Quoting Sheeep44

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{quote} Yea I was kinda surprised, had to make my chart waaaay smaller, to find good S/R zones. Nice pain free trade. Don't really know what caused it tbh haha, but the trade was according to the rules so I am happy. How is your trading going mate?

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Quoting Coreg2004

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{quote} It happened I traded yen today but futures contract so my chart is 'upside down' comparing to yours. Peter, please read @Tim and @Damian posts ##34,365 and 34,494 respectively. Very often traders look at HTF when in doubt especially when the price is at the previous swing high. One more thing Peter, when the leg is extended it can reach 261.8% EXT.(please look into Harmonic Trader pdf. files which I posted some time ago). With experience, you will see patterns more clearly. You are doing very, very OK. Peter, it's not a pep talk it's how...

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Quoting Coreg2004

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I had open trade in 6B and couldn't move the sell limit order when the news hit the wire..well happy anyway {image}

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Quoting PeterT

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{quote} (correction: post 34,365 should be 34,465 I think) I try to get an idea of where the market is heading by looking at a larger TF first. Still it is not always that clear. I'm sure sometimes I'm analyzing it wrong, or I don't use all the available tools, or don't use them right. Like the Fibonacci extensions, I need to look more into the possibilities. Thanks for the PDF, it is very interesting! Still so much to learn I find that motivating, means there is room for improvement and I'm not stuck at this level ...

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Quoting cititon

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{quote} Peter if you are not sure where the market heading on your favorite fx pair, just move to your second favorite pair to analyse for the day. I had the same issue sometimes. If the for example AUDJPY doesnt go anywhere, just ranging then its just 50-50 . I go to next pair where the direction or analysis is more clearer.

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Quoting PeterT

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{quote} As I understand there was confluence of longer term structure, 1:1 short term harmonic, 200% ext of previous swing down, 261.8 ext of previous correction, right? Can I ask why were you not worried about the bears accelerating?

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Quoting parviz1953

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Hi All: I just want to share an observation with others and ask for their ideas and comments: Most of the time when you are trading an aggressive C of an order flow, indeed you are trading D point of a lower degree order flow (see the drawing). {image} So, logically, would it be better to trade it like D point trade of the shorter order flow, i mean being more careful (38.2% Brake Even and aggressive TP trailing at 61.8%)? Actually this is when you may experience expectation failure, and price will be heading more up toward correction of an even...

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Quoting Milfortra

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{quote} Hi Parviz. What you have drawn is actually the best scenario for an aggressive C entry on the longer term when you have a shorter term, 1 to 1 completion(or in other words taking the entry at the 'd' of the immediate order flow). I believe this is also a favourite entry for x3m-PippiN. The other factors which will increase the strength of signal still applies such as structure and the fib level (especially the golden ratio). The perfect entry(in my books) would be the weakening of the immediate order flow based on the projection, depth and...

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