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Ratios & Harmonics: a Different Way to Trade

  • #39,101
  • Mar 28, 2018 1:50pm Mar 28, 2018 1:50pm
Hey Mr. Pip,

I have attached a screenshot and had some questions. I've watched some videos but not all of them yet. I am trying this stuff out and still learning what everything means etc.

1) Middle of screenshot, by keeping the NSL simple, would it be point A, B or C where the expectation/trend actually changes back towards uptrend/NSH?

2) At the end of the screenshot is a test of NSL. If I remember correctly in one of the videos it's a 100% test if the wick touches/goes above the previous LH/HL. Is it still a 100% test, if the wick touches/goes below a NSL/NSH?

3) In one of your videos you mentioned you have strict rules about when you trade, and another video you mentioned something about primetime is when you trade. Are there certain pairs that are good to trade at certain times of the day and/or are there certain times of the day that you're avoiding on purpose or trading on purpose that are somehow more profitable?

Cheers!
Attached Image (click to enlarge)
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  • #39,102
  • Mar 29, 2018 12:09am Mar 29, 2018 12:09am
Quoting Onlinepips
Hey Mr. Pip, I have attached a screenshot and had some questions. I've watched some videos but not all of them yet. I am trying this stuff out and still learning what everything means etc. 1) Middle of screenshot, by keeping the NSL simple, would it be point A, B or C where the expectation/trend actually changes back towards uptrend/NSH? 2) At the end of the screenshot is a test of NSL. If I remember correctly in one of the videos it's a 100% test if the wick touches/goes above the previous LH/HL. Is it still a 100% test, if the wick touches/goes...
Hi Online Pip and welcome to this thread,

If it's ok, ill like to answer your question and maybe when Mr. Pip gets the time, he can add or amend on my statement

1. Once price breaks past Point B, that's when the expectation changed because it broke past the main swing of a NSL. Point C adds more confirmation that market is bullish long term
2. Don't look at wicks, look at the candle...even if the wick goes below the NSH/NSL and the candle of that wick is at the 100% retest or maybe a few points(2-3 pips) below, then it is still considered a 100% retest
3. Regarding the FX pairs that you plan to trade, a majority of them are good to trade during the London and US market time. It also depends on what time zone you are in, then you can find a pair that is most traded during that time. The forex market is open 24 hours a day except for weekends (saturday and sunday).

Hope I've answered your questions
  • #39,103
  • Mar 29, 2018 5:39am Mar 29, 2018 5:39am
Quoting RajD
{quote} ...1. Once price breaks past Point B, that's when the expectation changed...
I have seen numerous cases where people (Damian, Evo included) considered a change of trend was way before that point. Look at the small LH near the bottom before point B. Quite often you'll see people consider the break of this small swing at the bottom a change of trend and will take a long on a retest of this swing top.
  • #39,104
  • Mar 29, 2018 9:24am Mar 29, 2018 9:24am
long
Attached Image (click to enlarge)
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  • #39,105
  • Mar 29, 2018 9:27am Mar 29, 2018 9:27am
Quoting RajD
long {image}
Same price for me...
  • #39,106
  • Mar 29, 2018 9:28am Mar 29, 2018 9:28am
Quoting bmdenton23
{quote} Same price for me...
Long as well
23927
  • #39,107
  • Mar 29, 2018 9:29am Mar 29, 2018 9:29am
Quoting PipJr
{quote} Long as well 23927
Bargain shoppers
  • #39,108
  • Mar 29, 2018 9:41am Mar 29, 2018 9:41am
58 points on the 144T
Attached Image (click to enlarge)
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If you fail to plan, you plan to fail.
  • #39,109
  • Mar 29, 2018 9:41am Mar 29, 2018 9:41am
Quoting PipJr
{quote} Long as well 23927
I'm at BE way early, my price is below the ascending channel on the IOF and price is really struggling to move. I may aggressively trail with a half position before the 1:1 as well.
  • #39,110
  • Mar 29, 2018 9:46am Mar 29, 2018 9:46am
Quoting bmdenton23
{quote} I'm at BE way early, my price is below the ascending channel on the IOF and price is really struggling to move. I may aggressively trail with a half position before the 1:1 as well.
i took mine on the 89T - therefore moved to BE at new structure and taken out by 2 points... Then it goes!
  • #39,111
  • Mar 29, 2018 9:47am Mar 29, 2018 9:47am
I'm in with you all, however I entered a bit early. Currently up 80+ with a BE.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 06-18 (144 Tick) 2018_03_29.png Size: 67 KB
  • #39,112
  • Mar 29, 2018 9:51am Mar 29, 2018 9:51am
Quoting Prock
I'm in with you all, however I entered a bit early. Currently up 80+ with a BE. {image}
I'm out for +64.
Wow definitely wasn't expecting it to pickup momentum at the 1:1 completion, doesn't do that often after slowing down at the 1:1. Hope you grabbed more of that Prock
  • #39,113
  • Mar 29, 2018 9:56am Mar 29, 2018 9:56am
Update
Attached Image (click to enlarge)
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  • #39,114
  • Mar 29, 2018 9:59am Mar 29, 2018 9:59am
Stopped out +102
  • #39,115
  • Mar 29, 2018 9:59am Mar 29, 2018 9:59am
Quoting bmdenton23
{quote} I'm out for +64. Wow definitely wasn't expecting it to pickup momentum at the 1:1 completion, doesn't do that often after slowing down at the 1:1. Hope you grabbed more of that Prock

Yes I'm definitely holding onto this one!
  • #39,116
  • Mar 29, 2018 10:03am Mar 29, 2018 10:03am
Quoting Prock
{quote} Yes I'm definitely holding onto this one!
Out at 171
  • #39,117
  • Mar 29, 2018 10:04am Mar 29, 2018 10:04am
Not particularly proud of this one. Way too early of an entry and terrible R:R, but I'll take it.

Had a 1:1 into some structure and rotation. Honored the correct SL.
Attached Image (click to enlarge)
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  • #39,118
  • Mar 29, 2018 10:08am Mar 29, 2018 10:08am
Quoting csternfx
Not particularly proud of this one. Way too early of an entry and terrible R:R, but I'll take it. Had a 1:1 into some structure and rotation. Honored the correct SL. {image}
No worries
If you fail to plan, you plan to fail.
  • #39,119
  • Mar 29, 2018 10:23am Mar 29, 2018 10:23am
Alright everyone, I'm done for the day. I believe tomorrow the market is closed. Good Friday. In that case everyone have a good weekend and Easter.
  • #39,120
  • Mar 29, 2018 10:25am Mar 29, 2018 10:25am
Looking for NSL on longer term order flow YM 1597.

main swing 24434 to 23687

I have identified a rotation* on the 62% fib from the main swing (24148)

TP target: 23418
SL 24452
Entry 24113

*More specifically I saw two bearish candles and saw structure to the left and felt that the correction would result in a chance of a NSL rather than a clear Rotation.
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