Ratios & Harmonics: a Different Way to Trade | Page 1937 | Forex Factory

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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

  • #38,721
  • Mar 21, 2018 8:56am Mar 21, 2018 8:56am
Quoting GrantTheMan
Good Morning Traders though its already Evening right here.. heheheh.. Seems like we have a range market today.. Whos gaining strength and whose weak. What do u think guys?
Bears are getting stronger
If you fail to plan, you plan to fail.
  • #38,722
  • Mar 21, 2018 9:13am Mar 21, 2018 9:13am
short
Attached Image (click to enlarge)
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  • #38,723
  • Mar 21, 2018 9:18am Mar 21, 2018 9:18am
bulls holding 705. need the bears to get past that
  • #38,724
  • Mar 21, 2018 9:21am Mar 21, 2018 9:21am
level 1 complete...now 695
  • #38,725
  • Mar 21, 2018 9:23am Mar 21, 2018 9:23am
BE
Attached Image (click to enlarge)
Click to Enlarge Name: YM 06-18 (233 Tick) 2018_03_21v2.png Size: 48 KB
  • #38,726
  • Mar 21, 2018 9:30am Mar 21, 2018 9:30am
locked in 15. drew a fib of the new swing and trailing right above the 38.2 in case the market decides to correct
Attached Image (click to enlarge)
Click to Enlarge Name: YM 06-18 (233 Tick) 2018_03_21v3.png Size: 48 KB
  • #38,727
  • Mar 21, 2018 9:39am Mar 21, 2018 9:39am
My expectation failed. Lost a few hundred points. Alright, I am going to sleep early... need to get over this cold.

Take care all. See you next time.
Luck has no place in trading. Leave that for the poker table.
  • #38,728
  • Mar 21, 2018 9:57am Mar 21, 2018 9:57am
out at 37
  • #38,729
  • Mar 21, 2018 9:59am Mar 21, 2018 9:59am
damian had a question...

price completed a ABCD pattern to the downside and now price has broken the CD leg structure. do we still think of taking shorts then since we taking the fib of the AD leg or do we believe it is an expectation failure. need to know how you look at these situations
  • #38,730
  • Mar 21, 2018 10:01am Mar 21, 2018 10:01am
Sorry Traders, had to step away for a while
If you fail to plan, you plan to fail.
  • #38,731
  • Mar 21, 2018 10:04am Mar 21, 2018 10:04am
Quoting RajD
damian had a question... price completed a ABCD pattern to the downside and now price has broken the CD leg structure. do we still think of taking shorts then since we taking the fib of the AD leg or do we believe it is an expectation failure. need to know how you look at these situations
My two cents. We have a weak NSH. Expect a deep correction and then a NSH. I'd like to hear others thoughts too?
  • #38,732
  • Mar 21, 2018 10:10am Mar 21, 2018 10:10am
Quoting RajD
damian had a question... price completed a ABCD pattern to the downside and now price has broken the CD leg structure. do we still think of taking shorts then since we taking the fib of the AD leg or do we believe it is an expectation failure. need to know how you look at these situations
The expectation of the order flow you are trading. If that made a NSH then you are looking for longs
If you fail to plan, you plan to fail.
  • #38,733
  • Mar 21, 2018 10:12am Mar 21, 2018 10:12am
Man this H1 chart screams "sell my stocks" !!!
Attached Image (click to enlarge)
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  • #38,734
  • Mar 21, 2018 10:21am Mar 21, 2018 10:21am
Quoting bmdenton23
Man this H1 chart screams "sell my stocks" !!! {image}
That comment was for entertainment purposes only, financial decisions should not be made without consulting at least 10 lagging indicators
  • #38,735
  • Mar 21, 2018 10:22am Mar 21, 2018 10:22am
Took an aggressive short
Attached Image (click to enlarge)
Click to Enlarge Name: YM 06-18 (233 Tick) 2018_03_21.png Size: 57 KB
If you fail to plan, you plan to fail.
  • #38,736
  • Mar 21, 2018 10:26am Mar 21, 2018 10:26am
Quoting bmdenton23
{quote} That comment was for entertainment purposes only, financial decisions should not be made without consulting at least 10 lagging indicators
If you fail to plan, you plan to fail.
  • #38,737
  • Mar 21, 2018 10:59am Mar 21, 2018 10:59am
Whoa YM took off like a rocket, is that because of the FOMC ?
  • #38,738
  • Mar 21, 2018 11:00am Mar 21, 2018 11:00am
Well guys I took a trade against my trade plan and got punished. I will smack myself with my trade plan and back on it tomorrow.
If you fail to plan, you plan to fail.
  • #38,739
  • Mar 21, 2018 11:17am Mar 21, 2018 11:17am
Nice confluence area. We got some FED ratings coming up, so not looking to trade this as of right now.
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"Luck is when opportunity meets preparation"
  • #38,740
  • Mar 21, 2018 12:16pm Mar 21, 2018 12:16pm
YM: +123
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