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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

  • #39,481
  • Apr 16, 2018 12:36am Apr 16, 2018 12:36am
Quoting parviz1953
{quote} I believe this is the correct order flow that you are following. Forming what is called an "AB=CD with extended CD leg" CD leg extended to it 161.8 zone ,the the most usual fib for this pattern , to form the D point of lower order flow ab=cd. Another confluence criteria , is completion of a higher order and lower order flow ABCD at the same region. {image}
Yes , that was what shown on 15min chart , and CD leg extended .

looking for long now , waiting a further correction.

for 1 to 1 , if i were to look at it , i would wait for it to extend instead of shorten. because price could continue retrace to complete a pinpoint 1 to 1.

from candle reading of 15min chart, the bear were weaken , but bull were not strong too.

gmt+8 here , been here for 3hour+ , just waiting for 2nd trade from UJ 5min chart , and 2 other 15min and 30min chart still going.
  • #39,482
  • Apr 16, 2018 12:50am Apr 16, 2018 12:50am
I hope everyone had a good weekend, lets kill it this week, together!
Possible setup that I keep a close eye on!
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"Luck is when opportunity meets preparation"
  • #39,483
  • Apr 16, 2018 1:03am Apr 16, 2018 1:03am
EU 15min taken out

now expecting NSH , which swing i should use , A-D or C-D , i do know only if A were broken , we consider NSL. ( correct me if i am wrong )
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  • #39,484
  • Apr 16, 2018 1:08am Apr 16, 2018 1:08am
UJ long 5min

i enter late after rotation candle for better price. if price dint correct down i will not take the trade.
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  • #39,485
  • Apr 16, 2018 1:17am Apr 16, 2018 1:17am
Quoting 6288monkey
EU 15min taken out now expecting NSH , which swing i should use , A-D or C-D , i do know only if A were broken , we consider NSL. ( correct me if i am wrong ) {image} {image}

As to trade the short term , i would trade as the chart below. ( can i do this? or it was totally wrong to trade that way )
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  • #39,486
  • Edited 1:39am Apr 16, 2018 1:26am | Edited 1:39am
Quoting 6288monkey
EU 15min taken out now expecting NSH , which swing i should use , A-D or C-D , i do know only if A were broken , we consider NSL. ( correct me if i am wrong ) {image} {image}
This is how i am seeing your EURUSD M15 chart through my M30 time frame, a respected channel , price touched its upper boundary , correction of the red color order flow to its golden zone and strong red color rectangle of resistance. My SL is above the start of the swing, above structure, and my expected target is at 1.22720, at 127.2% fib projection.
PS:
The trades you see in picture are from my long term trading
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  • #39,487
  • Apr 16, 2018 1:37am Apr 16, 2018 1:37am
Quoting parviz1953
{quote} This is how i am seeing your EURUSD M15 chart through my M30 time frame, a respected channel , price touched its upper boundary , correction of the red color order flow to its golden zone, My SL is above the start of the swing, my expected target is at 1.22720. PS: The trades you see in picture are from my long term trading{image}

What should i do if i am trading the short term which expectation were NSH , yet your longer term order flow showing NSL and resistance area.
  • #39,488
  • Apr 16, 2018 1:47am Apr 16, 2018 1:47am
Quoting 6288monkey
{quote} What should i do if i am trading the short term which expectation were NSH , yet your longer term order flow showing NSL and resistance area.
Wait and see if your expectation fail, and you are satisfied that reversal is happening , then take short according to your new short term expectation and order flow
  • #39,489
  • Apr 16, 2018 2:02am Apr 16, 2018 2:02am
EURCAD 30min nsl failed .

UsdJpy 5min lose it bull strength.

till now 3 lose - 1 running - 4.30hour.
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  • #39,490
  • Apr 16, 2018 2:09am Apr 16, 2018 2:09am
Quoting 6288monkey
{quote} Thanks PeteH , i could understand your long term trade approach but would like to hear more about how you look at these short term I drawn or you were looking for even shorter immediate order flow . Maybe it was how the order flow that day and we should just accept it.
For the shorter term I traded the immediate order flow I look at. For post 39448 (Friday) The short term YM144 order flow was NSH and HLs in my opinion. I placed three trades. Two worked and one did not. In hindsight had I placed the stop on my third trade a little lower I could have attained a break even. I attach the 1:1's I was trading and the NSH/HLs. Had I continued to trade I would have been looking for NSL's when my third trade failed and possibly had another loser with a second break of structure in a row.
Attached Image(s) (click to enlarge)
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  • #39,491
  • Apr 16, 2018 2:16am Apr 16, 2018 2:16am
Quoting 6288monkey
EURCAD 30min nsl failed . UsdJpy 5min lose it bull strength. till now 3 lose - 1 running - 4.30hour. {image} {image}
I would say that still my expectation has not failed, and as i said before i expected a complex correction on the completion of AB=CD , and i believe this is it .
USDJPY is in complex correction at the moment.
  • #39,492
  • Apr 16, 2018 2:21am Apr 16, 2018 2:21am
Quoting PeteH
{quote} For the shorter term I traded the immediate order flow I look at. For post 39448 (Friday) The short term YM144 order flow was NSH and HLs in my opinion. I placed three trades. Two worked and one did not. In hindsight had I placed the stop on my third trade a little lower I could have attained a break even. I attach the 1:1's I was trading and the NSH/HLs. Had I continued to trade I would have been looking for NSL's when my third trade failed and possibly had another loser with a second break of structure in a row. {image} {image}

It seem like shall you continue to trade , the swing become smaller and smaller per swing
  • #39,493
  • Apr 16, 2018 2:22am Apr 16, 2018 2:22am
Long USDJPY
Expectation is NSH Short term (M5)
We have a small Gartley
AB=CD completion
  • #39,494
  • Apr 16, 2018 2:25am Apr 16, 2018 2:25am
Quoting parviz1953
{quote} I would say that still my expectation has not failed, and as i said before i expected a complex correction on the completion of AB=CD , and i believe this is it . USDJPY is in complex correction at the moment.

you mean UJ or EurCad? i think you mean UJ, it was gaining strength back right now

By the way i already have 3 Losses not sure will this be the 4th

why when Mr.Pip or other trade seem very easy to get profit yet i cant sustain haha.

not just these few trade but on the backtest on weekend , i do have alot of losing trade too . just cant find out what was wrong with me , i dont think it was the trade management , but the swing i define has alot of failure.

5hour been infront of computer. i cant trade the 1min , because the spread will affect too much. as you can see the 5min chart the gap between bid and ask were already alot.
  • #39,495
  • Apr 16, 2018 2:28am Apr 16, 2018 2:28am
Quoting KensTrader
Long USDJPY Expectation is NSH Short term (M5) We have a small Gartley AB=CD completion

Hi Kens , can you post your chart so that i can know whether i am in sync with what you were trading.
  • #39,496
  • Edited 3:36am Apr 16, 2018 3:09am | Edited 3:36am
This is now what is happening on EURUSD M5 chart:
At the end of a correction and before reversal , this pattern is called a Bearish 3 Drive pattern by harmonic trader and/ or, Ending Diagonal by Elliot's waves fans.
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  • #39,497
  • Apr 16, 2018 5:40am Apr 16, 2018 5:40am
Quoting 6288monkey
{quote} you mean UJ or EurCad? i think you mean UJ, it was gaining strength back right now By the way i already have 3 Losses not sure will this be the 4th why when Mr.Pip or other trade seem very easy to get profit yet i cant sustain haha. not just these few trade but on the backtest on weekend , i do have alot of losing trade too . just cant find out what was wrong with me , i dont think it was the trade management , but the swing i define has alot of failure. 5hour been infront of computer. i cant trade the 1min , because the spread will affect...
Ok , Usdjpy 5min hit tp, 3 lose 1 win , let see how market do tomorrow or later
  • #39,498
  • Apr 16, 2018 7:43am Apr 16, 2018 7:43am
Three YM144 trades so far today.
One YM1597 trade

YM144
+5 (BE), +31, +42, 1x pending.

YM1597
+194

Total: +272
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  • #39,499
  • Apr 16, 2018 7:49am Apr 16, 2018 7:49am
Quoting PeteH
Three YM144 trades so far today. One YM1597 trade YM144 +5 (BE), +31, +42, 1x pending. YM1597 +194 Total: +272 {image}
PeteH, your first trade stop loss see too far? And third trade price don't correct much and very near resistance
  • #39,500
  • Apr 16, 2018 8:00am Apr 16, 2018 8:00am
Quoting 6288monkey
{quote} PeteH, your first trade stop loss see too far? And third trade price don't correct much and very near resistance
For Trade 1 my stop was almost hit so when price got back to the entry position I got out for +5 (change of expectation).
I put stop about 7 pips below the previous low so I guess you could argue that it was too low but on this occasion I got lucky as price got within 2 pips of it and reversed. I have noticed expanding triangles in the past so am a little more cautious on stops even if when they stop out I lose a little more.

For Trade 3 I had a good rotation at 24494 at structure so I was happy with Long here. It went against me but hit expectation of NSH so was happy with that one.

As I mentioned before I am still learning so thanks for feedback. Glad they played out into green pips.
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