Attachments: Ratios & Harmonics: a Different Way to Trade

Ratios & Harmonics: a Different Way to Trade

#40,801
May 24, 2018 9:01am May 24, 2018 9:01am

Mr. Pip
| Membership Revoked | Joined Jul 2010 | 9,273 Posts

Hey Traders, What's up? the live stream is coming up on the 5. Tough markets the last few days. Today I have missed a couple of entries so I have no points.

Let's see if I can find an entry that make sense. The buyers are getting killed but I see them starting to fight back in a more meaningful way.

If you fail to plan, you plan to fail.

#40,802
May 24, 2018 9:05am May 24, 2018 9:05am

Mr. Pip
| Membership Revoked | Joined Jul 2010 | 9,273 Posts

SHort

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If you fail to plan, you plan to fail.

#40,803
May 24, 2018 9:07am May 24, 2018 9:07am

Eyesonthepip
| Joined Apr 2018 | Status: Trader | 75 Posts

I'm on the long side.

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#40,804
May 24, 2018 9:09am May 24, 2018 9:09am

Mr. Pip
| Membership Revoked | Joined Jul 2010 | 9,273 Posts

I needed to give it more room then I wanted but I had to respect the structure in the area. Let's see what happens.

If you fail to plan, you plan to fail.

#40,805
May 24, 2018 9:10am May 24, 2018 9:10am

Mr. Pip
| Membership Revoked | Joined Jul 2010 | 9,273 Posts

Quoting Eyesonthepip

Disliked

I'm on the long side. {image}

Ignored

Good luck my friend sorry that I am against you.

If you fail to plan, you plan to fail.

#40,806
May 24, 2018 9:12am May 24, 2018 9:12am

bmdenton23
| Joined Dec 2017 | Status: Trader | 1,054 Posts

Quoting Mr. Pip

Disliked

I needed to give it more room then I wanted but I had to respect the structure in the area. Let's see what happens.

Ignored

Woooo surprised the heck out of me with that short. I'm looking for something higher...

#40,807
May 24, 2018 9:14am May 24, 2018 9:14am

Mr. Pip
| Membership Revoked | Joined Jul 2010 | 9,273 Posts

Quoting bmdenton23

Disliked

{quote} Woooo surprised the heck out of me with that short. I'm looking for something higher...

Ignored

I know me too but I did not want to miss it like the other two times. We will see

If you fail to plan, you plan to fail.

#40,808
May 24, 2018 9:20am May 24, 2018 9:20am

Mr. Pip
| Membership Revoked | Joined Jul 2010 | 9,273 Posts

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If you fail to plan, you plan to fail.

#40,809
May 24, 2018 9:20am May 24, 2018 9:20am

Eyesonthepip
| Joined Apr 2018 | Status: Trader | 75 Posts

Quoting Mr. Pip

Disliked

{quote} Good luck my friend sorry that I am against you.

Ignored

indeed. close early because of the lack of continuation.

#40,810
May 24, 2018 9:23am May 24, 2018 9:23am

Mr. Pip
| Membership Revoked | Joined Jul 2010 | 9,273 Posts

Buyers are desperate let's see if the sellers can continue

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If you fail to plan, you plan to fail.

#40,811
May 24, 2018 9:27am May 24, 2018 9:27am

Mr. Pip
| Membership Revoked | Joined Jul 2010 | 9,273 Posts

Taken on the trail +39 points

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If you fail to plan, you plan to fail.

#40,812
May 24, 2018 9:33am May 24, 2018 9:33am

bmdenton23
| Joined Dec 2017 | Status: Trader | 1,054 Posts

Good job Mr. Pip, 0 trades for me, I don't plan on taking a short into all this messy longterm support. Best hope for a trade will be a big bounce off of long term support followed by bullish IOF or the bears having enough cash left to push through that support which I think is unlikely.

What about you Damian, will you take another short into that mess?

#40,813
May 24, 2018 9:37am May 24, 2018 9:37am

Mr. Pip
| Membership Revoked | Joined Jul 2010 | 9,273 Posts

Quoting bmdenton23

Disliked

Good job Mr. Pip, 0 trades for me, I don't plan on taking a short into all this messy longterm support. Best hope for a trade will be a big bounce off of long term support followed by bullish IOF.

Ignored

It may very well bounce but the buyers are broke at the moment and it would take some big money to take price higher. Anything is possible but the sellers are in control.

If you fail to plan, you plan to fail.

#40,814
May 24, 2018 9:40am May 24, 2018 9:40am

pampaq
| Joined May 2013 | Status: Trader | 867 Posts

Looking for the turning points. Once b is identified, we go by c. 100% retracement of the main bearish momentum. Then FE of a from, b. And finally retreat more than 100% of ab. That gives different TP. We take the first FE61 x 50% x 100%. +23 pips.

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#40,815
May 24, 2018 9:56am May 24, 2018 9:56am

GrantTheMan
| Joined Jul 2017 | Status: Trader | 28 Posts

Got Aggressive Earlier +37 taken out on trail.. Loving it! ^_^

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#40,816
May 24, 2018 9:58am May 24, 2018 9:58am

Mr. Pip
| Membership Revoked | Joined Jul 2010 | 9,273 Posts

Quoting GrantTheMan

Disliked

Got Aggressive Earlier +37 taken out on trail.. Loving it! ^_^ {image}

Ignored

Nice!

If you fail to plan, you plan to fail.

#40,817
May 24, 2018 10:02am May 24, 2018 10:02am

bmdenton23
| Joined Dec 2017 | Status: Trader | 1,054 Posts

Quoting Mr. Pip

Disliked

{quote} It may very well bounce but the buyers are broke at the moment and it would take some big money to take price higher. Anything is possible but the sellers are in control.

Ignored

You were correct, we pushed right through that support. Looking for shorts on IOF at 24630