Ratios & Harmonics: a Different Way to Trade | Page 2012 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

"Ratios & Harmonics: a Different Way to Trade." Summary 37 replies

Learning to trade with harmonics 11 replies

Time for Change - Pivots & Harmonics to freedom 67 replies

180 reasons to trade Harmonics and Patterns 13 replies

Group Trading based on Elliott wave and Harmonics 0 replies

Attachments: Ratios & Harmonics: a Different Way to Trade
Exit Attachments

Ratios & Harmonics: a Different Way to Trade

  • #40,221
  • May 9, 2018 8:57am May 9, 2018 8:57am
Sellers fight hard but so are the bulls.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 06-18 (233 Tick) 2018_05_09.png Size: 56 KB
If you fail to plan, you plan to fail.
  • #40,222
  • May 9, 2018 8:57am May 9, 2018 8:57am
Quoting Mr. Pip
Tough trade both sides really want this let's see who wins.
there was a really bad fight last week or week before.. the opens is a proper fight.. buyers won that one...

Shorts have slightly the upper hand in this occasion
It's in fear when people show what they truly value.
  • #40,223
  • May 9, 2018 9:00am May 9, 2018 9:00am
BE
Attached Image (click to enlarge)
Click to Enlarge Name: YM 06-18 (233 Tick) 2018_05_09.png Size: 55 KB
If you fail to plan, you plan to fail.
  • #40,224
  • May 9, 2018 9:01am May 9, 2018 9:01am
Quoting Mr. Pip
Sellers fight hard but so are the bulls. {image}
Same trade but short from 360 ...

Damian one thing you didn't cover in the stream was using harmonics to estimate the depth of a correction. Would be nice to cover that when possible.

Edit: Stop to BE
  • #40,225
  • May 9, 2018 9:04am May 9, 2018 9:04am
Locked in 10 points. I'm expecting the blue line to hold
Attached Image (click to enlarge)
Click to Enlarge Name: YM 06-18 (233 Tick) 2018_05_09.png Size: 56 KB
If you fail to plan, you plan to fail.
  • #40,226
  • May 9, 2018 9:08am May 9, 2018 9:08am
Also short YM.
Strangely the marking of my entry is not on the right candle.
The timestamp seems to be wrong.
Anyone else experienced this before?
Trading Sim account, could that be the problem?

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 111 KB
  • #40,227
  • May 9, 2018 9:08am May 9, 2018 9:08am
Out for BE+3
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 90 KB
  • #40,228
  • May 9, 2018 9:09am May 9, 2018 9:09am
Taken out at +10 Next!
Attached Image (click to enlarge)
Click to Enlarge Name: YM 06-18 (233 Tick) 2018_05_09.png Size: 51 KB
If you fail to plan, you plan to fail.
  • #40,229
  • May 9, 2018 9:11am May 9, 2018 9:11am
Next Wednesday its the live stream on the Euro 6E futures. Same as the EURUSD. We will have some fun with that.
If you fail to plan, you plan to fail.
  • #40,230
  • May 9, 2018 9:11am May 9, 2018 9:11am
Quoting Mr. Pip
Locked in 10 points. I'm expecting the blue line to hold {image}
Are you expecting this blue line to hold because price had trouble breaking through it when it was support and now it is expected to be good resistance?
Luck has no place in trading. Leave that for the poker table.
  • #40,231
  • May 9, 2018 9:19am May 9, 2018 9:19am
Quoting Pair-me-up
{quote} Are you expecting this blue line to hold because price had trouble breaking through it when it was support and now it is expected to be good resistance?
That is correct that buyers consistently defended that lever and the sellers had to throw lots of money to get past that price level. The sellers should have defended that level to the max and they failed. The buyers are gaining significant ground here which tells us that the sellers are running out of money. The ball is still in their court but slipping away.
If you fail to plan, you plan to fail.
  • #40,232
  • Edited 9:52am May 9, 2018 9:20am | Edited 9:52am
*tumbleweeds*

Flat lining on EURUSD.

I'm guessing 10:30 crude oil inventories annoucement will wake things up a little.

Edit: Taken out at -15.6. Booo.
Attached Image (click to enlarge)
Click to Enlarge Name: new EURUSD (89 Tick) 2018_05_09.png Size: 63 KB
  • #40,233
  • May 9, 2018 9:26am May 9, 2018 9:26am
Trades #1 and #2 this morning, +47, +19
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 77 KB
  • #40,234
  • May 9, 2018 9:27am May 9, 2018 9:27am
Quoting Mr. Pip
{quote} That is correct that buyers consistently defended that lever and the sellers had to throw lots of money to get past that price level. The sellers should have defended that level to the max and they failed. The buyers are gaining significant ground here which tells us that the sellers are running out of money. The ball is still in their court but slipping away.


Thanks for the insight...... it helps me to see strength and weakness from a different angle.
Luck has no place in trading. Leave that for the poker table.
  • #40,235
  • May 9, 2018 9:31am May 9, 2018 9:31am
Quoting PeterT
Also short YM. Strangely the marking of my entry is not on the right candle. The timestamp seems to be wrong. Anyone else experienced this before? Trading Sim account, could that be the problem? {image}
Escaped SL being hit by 1 point.
NSL was weak, correction getting deeper, bear impulse fading, and good support zone below.
All of that made me decide to bend a rule and lock in profit by trailing very aggressively.
SL was taken, +26 points

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 129 KB
  • #40,236
  • May 9, 2018 9:46am May 9, 2018 9:46am
Took a long for a good R:R long term expectation. Some else thinking same?
Attached Image (click to enlarge)
Click to Enlarge Name: YM 06-18 (233 Tick) 2018_05_09.png Size: 64 KB
  • #40,237
  • May 9, 2018 9:49am May 9, 2018 9:49am
Quoting ltupower
Took a long for a good R:R long term expectation. Some else thinking same? {image}
I'm long at 24327
  • #40,238
  • May 9, 2018 9:58am May 9, 2018 9:58am
Shorted again for +40
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 91 KB
  • #40,239
  • May 9, 2018 10:00am May 9, 2018 10:00am
I made a mess of trade #3, accidently bumped my hotkey and reduced my position..
+23
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 95 KB
  • #40,240
  • May 9, 2018 10:19am May 9, 2018 10:19am
Why would an entry be picked like this, the entry line goes to the SL position and SL line goes to the entry line.....I've been experiencing this since yesterday, this is a demom account...
Attached Image (click to enlarge)
Click to Enlarge Name: YM 06-18 (233 Tick) 5_9_2018.jpg Size: 52 KB



And when the price hit the "supposed SL' which is ideally the entry line...I was taken out...

I would be scared to go through this in a live environment

Attached Image (click to enlarge)
Click to Enlarge Name: YM 06-18 (233 Tick) 5_9_2018.jpg.2.jpg Size: 51 KB
17 traders viewing now