Ratios & Harmonics: a Different Way to Trade | Page 2040 | 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

  • #40,781
  • May 23, 2018 10:54am May 23, 2018 10:54am
Attached Image (click to enlarge)
Click to Enlarge Name: news1.jpg Size: 329 KB


18.00 my chart = 12.00 US time
  • #40,782
  • May 23, 2018 10:56am May 23, 2018 10:56am
A little slow markets today, maybe something to do with FOMC minutes..
"Luck is when opportunity meets preparation"
  • #40,783
  • May 23, 2018 10:58am May 23, 2018 10:58am
Quoting Lundies10
{quote} Gonna take some patience. We also have a Bat forming but price would need to come to around 775 and theres not much structure there. We will see
I'm already in with a 1/3 position at 24717, will add the rest in that 24750-55 area if it makes it and rotates.
...moved to BE
  • #40,784
  • May 23, 2018 10:59am May 23, 2018 10:59am
Doing fine so far on the sell
Attached Image (click to enlarge)
Click to Enlarge Name: YM 06-18 (233 Tick) 2018_05_25.png Size: 47 KB
  • #40,785
  • May 23, 2018 11:03am May 23, 2018 11:03am
Quoting bmdenton23
{quote} I'm already in with a 1/3 position at 24717, will add the rest in that 24750-55 area if it makes it and rotates. ...moved to BE
Nice. Good luck. Im not able to scale in just yet. In due time im sitting on my hands for now
  • #40,786
  • May 23, 2018 11:14am May 23, 2018 11:14am
Quoting bmdenton23
{quote} I'm already in with a 1/3 position at 24717, will add the rest in that 24750-55 area if it makes it and rotates. ...moved to BE
Same here ..with 1/2 position but got taken out at BE...
I'm getting frustrated with my trading again.. the last two weeks I'm at breakeven on my account and it feels like I'm just spinning my wheels in one place.
  • #40,787
  • May 23, 2018 11:25am May 23, 2018 11:25am
Quoting x3m-PippiN
{quote} Same here ..with 1/2 position but got taken out at BE... I'm getting frustrated with my trading again.. the last two weeks I'm at breakeven on my account and it feels like I'm just spinning my wheels in one place.
I survived by 2 pts, I've got a lot of profit targets to pick from if price can get lower.

x3m - I'm in the red for the month of May after having a killer April and 1st week or so of May. I'm pretty confident I'm not trading any differently and that we're just in a different market. Sideways, or in my case barely in the red is not so bad if we can get back to the market we had in April.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 26 KB
  • #40,788
  • May 23, 2018 11:31am May 23, 2018 11:31am
Gbpusd m5 Short
Attached Image (click to enlarge)
Click to Enlarge Name: 71C39AE7-EE40-41F9-A330-8B416F758BF5.png Size: 62 KB
  • #40,789
  • May 23, 2018 11:47am May 23, 2018 11:47am
Out at BE +10

3 trades
1x Winner +34
1x Loser -38
1x BE +10
--------------------
Total +6
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 143 KB
  • #40,790
  • May 23, 2018 12:35pm May 23, 2018 12:35pm
Quoting bmdenton23
Out at BE +10 3 trades 1x Winner +34 1x Loser -38 1x BE +10 -------------------- Total +6 {image}
Can you explain your first entry ?
  • #40,791
  • May 23, 2018 1:07pm May 23, 2018 1:07pm
Quoting x3m-PippiN
{quote} Can you explain your first entry ?
Are you asking about 1st entry of the day? - https://www.forexfactory.com/showthread.php?p=11090435#post11090435
  • #40,792
  • May 23, 2018 1:14pm May 23, 2018 1:14pm
I’ve heard the phrase “sell in May and go away” before and it seems like a lot of us are having a bad month. Can any veteran traders explain if the month of May has a reputation for choppy trading? It seems like I am finding a lot of expectation failures as of late...
  • #40,793
  • May 23, 2018 1:28pm May 23, 2018 1:28pm
Quoting bmdenton23
Trade #1 on YM +34 {image}
Hi bmdenton23, why didn't you use the red marked swing as the new main swing?

Thank you.
Attached Image (click to enlarge)
Click to Enlarge Name: 2018-05-23_202217.png Size: 59 KB
  • #40,794
  • May 23, 2018 2:47pm May 23, 2018 2:47pm
Quoting bmdenton23
{quote} Are you asking about 1st entry of the day? - https://www.forexfactory.com/showthread.php?p=11090435#post11090435
yeah

I was thinking more in terms of this
Quoting fxboss69
{quote} Hi bmdenton23, why didn't you use the red marked swing as the new main swing? Thank you. {image}
  • #40,795
  • Edited 6:24pm May 23, 2018 4:31pm | Edited 6:24pm
fxBoss / x3m - I see now why you're asking, the red swing fxBoss posted retraced beyond the 38% before moving to new highs and the HL was then broke by 4 pts.
Honestly I don't take retracing to the 38% = new swing too seriously but I think Damian teaches it that way and perhaps I should take it more seriously in the future. I tend to focus more on the 1:1 move and in this case the swing in question was somewhere in between the last 2 bullish move projections. I already had my AOI drawn and felt like I missed the opportunity marked and was happy to get a little bit of retrace and another rotation to enter.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 123 KB
  • #40,796
  • May 23, 2018 6:04pm May 23, 2018 6:04pm
Quoting bmdenton23
fxBoss / x3m - I see now why you're asking, the red swing fxBoxx posted retraced beyond the 38% before moving to new highs and the HL was then broke by 4 pts. Honestly I don't take retracing to the 38% = new swing too seriously but I think Damian teaches it that way and perhaps I should take it more seriously in the future. I tend to focus more on the 1:1 move and in this case the swing in question was somewhere in between the last 2 bullish move projections. I already had my AOI drawn and felt like I missed the opportunity marked and was happy...
Thanks for the crystal clear explanations bmdenton. They are always very helpful.
  • #40,797
  • May 24, 2018 12:25am May 24, 2018 12:25am
Quoting bmdenton23
fxBoss / x3m - I see now why you're asking, the red swing fxBoss posted retraced beyond the 38% before moving to new highs and the HL was then broke by 4 pts. Honestly I don't take retracing to the 38% = new swing too seriously but I think Damian teaches it that way and perhaps I should take it more seriously in the future. I tend to focus more on the 1:1 move and in this case the swing in question was somewhere in between the last 2 bullish move projections. I already had my AOI drawn and felt like I missed the opportunity marked and was happy...
Thanks.. honestly I was pretty sure you'd say the 1:1 but since the market was choppy pre-open I didn't like using that as a projection of a 1:1.
  • #40,798
  • May 24, 2018 6:20am May 24, 2018 6:20am
Short locked in 10 pts above structure
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 43 KB
  • #40,799
  • May 24, 2018 7:59am May 24, 2018 7:59am
Out. +48
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 39 KB
  • #40,800
  • May 24, 2018 8:54am May 24, 2018 8:54am
YM - looking for shorts in the 24795 or 24815 range. If IOF pushes down again I'll look for IOF shorts around 24730.
....update IOF sellers didn't push far enough, not considering IOF shorts.
3 traders viewing now