Ratios & Harmonics: a Different Way to Trade

Quoting PeterT

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EURUSD short After strong bearish move and expectation failure, new NSL was formed. Rotation candle in golden zone and with sructure to the left, SOS2 signal. First time the zone was reached bulls looked a little stronger in the last few candles, and didn't get good rotation so I waited. Second time rotation was a little late but still good candle so I took it. Was actually waiting for price to correct a little deeper but not sure it will get there anymore and I might miss the opportunity if I wait longer. Now let's see.. ...

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Quoting PeterT

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{quote} I'm starting to doubt whether I'm having the right expectation from this trade. Looking at the 233 tick chart, price has made a series of 1:1 completions on the move up. Each of those 1:1s can be seen as a clear swing. So looking at that, there was no expectation failure, just a correction to the 78.6 of the swing up. And my profit target is now below the low of the main swing, so I need an expectation failure to reach my profit target. That can't be good. Also, bears are moving much weaker now.. Considering protecting early or taking profit...

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Quoting Nik-Nyc

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{quote} Hi Peter, You may also want to consider that no major markets are currently in session and the NY forex cash market has closed. No reason to expect any meaningful liquidity till Tokyo open and even then this pair is best suited to trade from European open onwards. Additionally, the days between Christmas & first Monday of New Year can see light volume and less reliable PA. N

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Quoting Nik-Nyc

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{quote} Hi Peter, You may also want to consider that no major markets are currently in session and the NY forex cash market has closed. No reason to expect any meaningful liquidity till Tokyo open and even then this pair is best suited to trade from European open onwards. Additionally, the days between Christmas & first Monday of New Year can see light volume and less reliable PA. N

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Quoting PeterT

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{quote} Thanks Nick. I know there's low liquidity, I couldn't resist taking a trade because I finally had some time to trade :-) Took profit as my trading time is over. Grtz Peter

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Quoting PeterT

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{quote} .. Considering protecting early or taking profit earlier. {image}

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Quoting Sheeep44

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WHAT THE ACTUAL F*CK.. So I was in 2 15 M swing trades, which kept going during the night. Was actively managing 1 untill I went to sleep, right.. All of a sudden, the f*cking spread was 20 odd pips.. Stopping both my trades out without ever touching my SL.. I only see this happening when the market open on Sundays, very odd.. Did any1 encounter this before?

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Quoting loonie-tunes

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{quote} its like that almost every year when the spot value rolls over into next year. There is huge disturbances in the short term money markets so the carry for those few days is 15-20 pips in eurusd. Therefore market gets super wide right before 10p.m. London time when value Date rolls over into the next year and market usually ends up at price onbefore rollover + whatever the carry is. Check out usdczk that's the most extreme pair bc there is almost 300 pips carry

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Quoting Sheeep44

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{quote} Only right before the year ends right? Never seen this before.. only on Sunday market opens or when NFP hits or something. I am pretty sure this isn’t a regular thing, right? That spreads get this huge? On every other day orher than this week, right?

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Quoting loonie-tunes

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{quote} Well the spreads get much wider during rollover everytime but normally it's maybe 5 pips in eurusd. But during year end rollover it's much more extreme than during a normal day...

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Quoting Sheeep44

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{quote} That’s what I thiught aswel.. so done for this year, nice little werkly drawdown to end the year.. but I believe it is a maximum of 5-6 pips rollover, or did you mean average of 5 pips?

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Quoting Sheeep44

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WHAT THE ACTUAL F*CK.. So I was in 2 15 M swing trades, which kept going during the night. Was actively managing 1 untill I went to sleep, right.. All of a sudden, the f*cking spread was 20 odd pips.. Stopping both my trades out without ever touching my SL.. I only see this happening when the market open on Sundays, very odd.. Did any1 encounter this before?

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Quoting parviz1953

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{quote} Still expectation is the same if the H4 bar close under 1.1900. I have drawn all the pattern which i mentioned in my follow up of EURUSD H4 together in this chart,indeed now 3 pattern has came to a single point with their fibo's overlying, at 1.1900. I hope this would be enough confluence(Considering also a very strong resistance at this price), to witness the reversal. {image} Profit targets: 1st @ 1.1775, 2nd @ 1.1710, 3rd @ 1.1665 Edited : @11 EST 4H Bar, closed below 1.1900 and with a "shooting star" candle, a good rotational sign, let's...

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Quoting PeterT

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{quote} Sorry to hear man. Don't let it spoil the fun though. We're heading for a great year ;-)

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Quoting evocpr19

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{quote} Sorry to hear. I had also this problem with widening spreads when I traded with CFDs. I do not remember the exact pip widening, but price never touched the SL level.

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Quoting Sheeep44

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{quote} Thanks for the motivation buddy! How is your trading going, getting better and better every day? definitely had a good workout after yesterday .. haha

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Quoting PeterT

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{quote} Getting better every day indeed Was going through some of my posts from the beginning of this year. I was able to answer my questions and I was able to spot mistakes in the entries. That can only mean I've made progress this year. I'm really looking forward to the next year, I expect a lot from it! Wishing you green pips my friend. How's your trading going? Are you trading live yet?

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