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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

  • #41,161
  • Jun 4, 2018 7:36pm Jun 4, 2018 7:36pm
Quoting Mr. Pip
{quote} Not sure I completely understand your post. Sorry
i mean if we have an expectation of a NSH but we also have a completion of a 1to 1 from a bigger pattern(time-frame)maybe we should be more carefull with taking longs
  • #41,162
  • Jun 4, 2018 11:07pm Jun 4, 2018 11:07pm
Quoting vladutz112
{quote} i mean if we have an expectation of a NSH but we also have a completion of a 1to 1 from a bigger pattern(time-frame)maybe we should be more carefull with taking longs
I'll show a FX chart on the H1 to describe my thoughts. I'm not necessarily going to pass on a swing just because it puts me at the 1:1 completion of a longer term swing completion, but I may very well let that expectation influence my AOI (area of interest).

On this chart I have my AOI marked, but because of the 1:1 completion on the longer term, I would really rather look for an entry near the top of my AOI instead of the bottom so that the 1:1 on the immediate will align with the 1:1 on the longer term. At the very least, I'm not going to get in early in this situation.
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  • #41,163
  • Jun 5, 2018 8:02am Jun 5, 2018 8:02am
Eurusd M1 Short at fib 38,2
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  • #41,164
  • Jun 5, 2018 8:12am Jun 5, 2018 8:12am
Quoting Sip
Eurusd M1 Short at fib 38,2{image}
BE
  • #41,165
  • Edited 9:03am Jun 5, 2018 8:44am | Edited 9:03am
EURUSD - Expectation failure. AOI in the 1.6645 area. Looking for longs.

Edit: got taken out after the news. Next!
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  • #41,166
  • Jun 5, 2018 8:54am Jun 5, 2018 8:54am
Good morning everyone. Mr. Pip when you post your trading stats, is that info available in NT8 or is it from your personal records?
  • #41,167
  • Jun 5, 2018 9:00am Jun 5, 2018 9:00am
Quoting Lundies10
Good morning everyone. Mr. Pip when you post your trading stats, is that info available in NT8 or is it from your personal records?
The screenshot he posts is NT8
  • #41,168
  • Jun 5, 2018 9:05am Jun 5, 2018 9:05am
Good Morning all
Trade I took this morning, Market seems to still want to chop around. Still in but moving the stop to BE here at structure and will trail. Critique is welcome
Stopped @+34
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Always Learning
  • #41,169
  • Jun 5, 2018 9:06am Jun 5, 2018 9:06am
Quoting Lundies10
Good morning everyone. Mr. Pip when you post your trading stats, is that info available in NT8 or is it from your personal records?
NT8 go to control panel, new, trade performance.
If you fail to plan, you plan to fail.
  • #41,170
  • Jun 5, 2018 9:06am Jun 5, 2018 9:06am
Quoting Mr. Pip
{quote} NT8 go to control panel, new, trade performance.
Thanks
  • #41,171
  • Jun 5, 2018 9:06am Jun 5, 2018 9:06am
Tomorrow is the live stream. see you all there. We will also talk about the longer term short that I am still in.
If you fail to plan, you plan to fail.
  • #41,172
  • Jun 5, 2018 9:13am Jun 5, 2018 9:13am
Hello,
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Time is an illusion, timing is an art.
  • #41,173
  • Jun 5, 2018 9:18am Jun 5, 2018 9:18am
Sorry I can't hang with you all today while I am preparing for my meeting I got short on the short term as well.
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If you fail to plan, you plan to fail.
  • #41,174
  • Jun 5, 2018 9:18am Jun 5, 2018 9:18am
Quoting JayTrader
Good Morning all Trade I took this morning, Market seems to still want to chop around. Still in but moving the stop to BE here at structure and will trail. Critique is welcome Stopped @+34 {image}
I found entry later than you but Im in this one too. We are in a complex correction so we expect ti to be a little choppy. Going to let it ride, risk free at the moment.
EDIT: Taken out at BE +3
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  • #41,175
  • Jun 5, 2018 9:28am Jun 5, 2018 9:28am
BE +5
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If you fail to plan, you plan to fail.
  • #41,176
  • Jun 5, 2018 9:32am Jun 5, 2018 9:32am
Wow some how I survived that
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If you fail to plan, you plan to fail.
  • #41,177
  • Jun 5, 2018 9:33am Jun 5, 2018 9:33am
Quoting Mr. Pip
BE +5 {image}
Mind if I ask why you were short here? All I saw was an expectation for a NSH, long term and short term.
  • #41,178
  • Jun 5, 2018 9:38am Jun 5, 2018 9:38am
I took my 49 points have to run up 65 on the longer term.
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If you fail to plan, you plan to fail.
  • #41,179
  • Jun 5, 2018 9:38am Jun 5, 2018 9:38am
Quoting Lundies10
{quote} Mind if I ask why you were short here? All I saw was an expectation for a NSH, long term and short term.
I'm curious too.. I was long from 24805 ... -25 points ... looks like I've been loosing a lot lately and I'm getting frustrated borderline depressed I might say..
  • #41,180
  • Jun 5, 2018 9:43am Jun 5, 2018 9:43am
Quoting Lundies10
{quote} Mind if I ask why you were short here? All I saw was an expectation for a NSH, long term and short term.
The longer term is in severe exhaustion on a completion of some harmonics. An as you can see how many attempts to make a NSH that have been absorbed entirely. The buyers are on the verge of running out of money. Strength was clearly on the selling side.
If you fail to plan, you plan to fail.
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