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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

  • #35,981
  • Jan 26, 2018 5:25am Jan 26, 2018 5:25am
Quoting mansan
{quote} if the bears are really that strong they should not need several attempts to break the support zone... so my guess is that the bulls are stronger
Thanks for your reply!
I agree that is an argument to see strength in the bulls, or weakness in the bears, at least temporarily.
On the other hand what I also see is that the bulls react kind of weak at the support zone, and that every attempt the bull move gets shorter.
That leads me to believe that the bulls are losing power.

So conflicting information in my head
  • #35,982
  • Jan 26, 2018 5:38am Jan 26, 2018 5:38am
Quoting PeterT
GBPUSD long not really taking off yet ...
Bulls started a move but are slowed down by bear action.
Alarms in my head and already someone is screaming "ABANDON SHIP".
Trade plan says: keep calm and wait it out.
So that's what we do right!

Just hoping the BE level will be reached quickly

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  • #35,983
  • Jan 26, 2018 6:04am Jan 26, 2018 6:04am
Quoting PeterT
{quote} Bulls started a move but are slowed down by bear action. Alarms in my head and already someone is screaming "ABANDON SHIP". Trade plan says: keep calm and wait it out. So that's what we do right! Just hoping the BE level will be reached quickly {image}
Hi PeteT,

I'm new to Forexfactory and have been studying the posts from Mr. Pip on this thread and listening to his various videos since the start of the year. First up, Thanks for the work Mr. Pip, it's taught my a lot about how to read charts!

I'm from the UK and this morning noticed the same trade as yours (GBPUSD). I got in at about 11.23am (GMT) on what I thought might be a reversal candle, see image attached. Forgive me if my image is not view-able (my first post). I'm aiming for the 1.43000 (round number) and sticking to trade plan for a NSH. I would be more confident if there was an unsuccessful test of the 1.424 by the bears. Getting close to this level now.
Attached Image (click to enlarge)
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  • #35,984
  • Jan 26, 2018 6:09am Jan 26, 2018 6:09am
Quoting PeterT
{quote} Bulls started a move but are slowed down by bear action. Alarms in my head and already someone is screaming "ABANDON SHIP". Trade plan says: keep calm and wait it out. So that's what we do right! Just hoping the BE level will be reached quickly {image}
I just looked at the 1min, looks like BE.
Wow! I've got some experience to gain.
  • #35,985
  • Jan 26, 2018 6:10am Jan 26, 2018 6:10am
Quoting PeterT
{quote} Bulls started a move but are slowed down by bear action. Alarms in my head and already someone is screaming "ABANDON SHIP". Trade plan says: keep calm and wait it out. So that's what we do right! Just hoping the BE level will be reached quickly {image}
Bears attacking the zone again.
Bulls should not have allowed that if they were strong.
Hope I will be able to protect when USD news comes in 1.5 hours..

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  • #35,986
  • Jan 26, 2018 6:12am Jan 26, 2018 6:12am
Quoting Lawnman
{quote} I just looked at the 1min, looks like BE.
Not for the swing that I am trading I'm afraid
edit: my BE point would be around 1.4280
  • #35,987
  • Jan 26, 2018 6:24am Jan 26, 2018 6:24am
Comments welcome...

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  • #35,988
  • Jan 26, 2018 6:28am Jan 26, 2018 6:28am
Quoting PeterT
{quote} Bulls started a move but are slowed down by bear action. Alarms in my head and already someone is screaming "ABANDON SHIP". Trade plan says: keep calm and wait it out. So that's what we do right! Just hoping the BE level will be reached quickly {image}
Hi Peter,
It's a shame to admit after so many years on this forum but I still don't fully grasp this concept of bulls charging or bears roaring. For me, it's always about the pattern, S/R or supply/demand.
Attached Image (click to enlarge)
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Always trade your own plan...I don't provide trading signals.
  • #35,989
  • Jan 26, 2018 6:28am Jan 26, 2018 6:28am
Quoting PeterT
{quote} Not for the swing that I am trading I'm afraid edit: my BE point would be around 1.4280
Dang it, I scaled back and saw my error. Good luck!
Wow! I've got some experience to gain.
  • #35,990
  • Jan 26, 2018 6:32am Jan 26, 2018 6:32am
Currently short USDJPY
Attached Image (click to enlarge)
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veni vidi vici
  • #35,991
  • Jan 26, 2018 6:34am Jan 26, 2018 6:34am
Quoting PeterT
{quote} Not for the swing that I am trading I'm afraid edit: my BE point would be around 1.4280
Lot of weakness indeed but for now it did not close beyond the blue line ... so keep positive
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veni vidi vici
  • #35,992
  • Jan 26, 2018 6:38am Jan 26, 2018 6:38am
Quoting Coreg2004
{quote} Hi Peter, It's a shame to admit after so many years on this forum but I still don't fully grasp this concept of bulls charging or bears roaring. For me, it's always about the pattern, S/R or supply/demand. {image}
Not sure if I get the concept right.
I just use the term 'attack' to visualize a fight between the two parties.
The support zone that you also indicated is a thick layer of bulls waiting to fight off any attack of the bears.
A lot of bulls will get killed in the battle. But as long as there are bulls left my zone is ok.
Visualizing bulls or bears attacking, getting killed and wounded just keeps it interesting for me while waiting
  • #35,993
  • Jan 26, 2018 6:42am Jan 26, 2018 6:42am
Quoting mansan
{quote} Lot of weakness indeed but for now it did not close beyond the blue line ... so keep positive {image}
Yes the level seems to be defended strongly but bears are not giving up.
I don't like this trade hehe
  • #35,994
  • Edited 7:02am Jan 26, 2018 6:51am | Edited 7:02am
Good morning, folks!

Trying to sneak in a trade or two pre-market before helping my parents with doc appointments today.

LET'S GO BULLS!

Long on YM at 26430
Attached Image (click to enlarge)
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  • #35,995
  • Jan 26, 2018 7:05am Jan 26, 2018 7:05am
Quoting AzizLight
Good morning, folks! Trying to sneak in a trade or two pre-market before helping my parents with doc appointments today. LET'S GO BULLS! Long on YM at 26430 {image}
Copy that... over.
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Wow! I've got some experience to gain.
  • #35,996
  • Jan 26, 2018 7:07am Jan 26, 2018 7:07am
Oh no.. Trump is about to speak at WEF..
And high impact news coming up.
Considering closing the trade or protecting with tighter SL..
  • #35,997
  • Jan 26, 2018 7:09am Jan 26, 2018 7:09am
Quoting PeterT
Oh no.. Trump is about to speak at WEF.. And high impact news coming up. Considering closing the trade or protecting with tighter SL..
Thanks, Peter

Had no idea. I'll keep a close watch.
  • #35,998
  • Jan 26, 2018 7:10am Jan 26, 2018 7:10am
Quoting PeterT
Oh no.. Trump is about to speak at WEF.. And high impact news coming up. Considering closing the trade or protecting with tighter SL..
I'm not looking for reasons to exit the trade. But the man causes large candles.
If he has the same influence as yesterday my trade is doomed..
  • #35,999
  • Jan 26, 2018 7:15am Jan 26, 2018 7:15am
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Always trade your own plan...I don't provide trading signals.
  • #36,000
  • Jan 26, 2018 7:18am Jan 26, 2018 7:18am
It looks like the market is holding its collective breath during this speech.
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