Ratios & Harmonics: a Different Way to Trade

Update: Locked in a little bit more profit. It is way past my bedtime. Good night all. Happy trading.

Hello Traders! Today we take part in a special live stream. We dig deeeeeeeepppppp into strength and weakness. Looking forward to sharing these amazing skills with you all. I will post the link in a bout 30 min.

Here is the link

https://www.youtube.com/channel/UCy5Zq25cFK3FZeF26wn4m0w/live

Thanks

Congrats on the last video, you calling that market would revisit that area .... seems almost doing it

Trades #1 and #2 this morning were a bit scalpy +13 and +19

Left a bit early the boat in hindsight.

do u have losing trades?

I scalped the crap out of that down swing. Its my complex correction strategy and I rarely use it but im still testing it so its demo for me while I’ll use it. Ended up with 10 trades and +64. Not sure if I will ever use it for live trading bc of poor rr and very aggressive management

Butterfly and AB=CD for short entry.

Update: BE+5

Update 2: Locked in +40 and an expectation failure. Long term expectation is NSL so I will be in this for a while.

Final update. Exited at 61.8 of 1 to 1 move for +81. Time to stop for today.

Good live session

Thanks!

3 Trades today, +13, +19, +3
The +3 was a rescue on a big swing.
---------------------------------------------
Total Points: +35

Well last week was all BEs so now hoping this week is better and Im for one loving this movement.
+97 - was hoping for a larger TP and got greedy. Will be looking for shorts if the market even gives me a chance.

Hello Traders, Today's live stream offered some challenges with what I was trying to explain to you. But as you can see the analysis is holding and what we talked about is playing out. We did not have a profitable session but you can see the value of the strength and weakness. The scale today was not risk friendly but overall things are working out.

The first chart is the 233T and the one we traded and the second is my longer term short. Overall -35 points on the day.

Today I made an attempt to trade the EUR/USD from the 15m chart. My thought process is written on the screenshots.

Would love to here your feedback on it.

Thanks.

Gunnar

Here is the link to the live stream.

https://youtu.be/BUS_KlQGz9o

If I got it right (see below), please stop to do that, you will destroy your account.

Your entry is after the big candle (horizontal line in the third pic); this is price chasing. Look at the R:R. Price did not correct to at least the 38.2 fib and is not supported by an area of structure which would work in your favour. Moreover, you take the trade in a heavy zone (price likely to react) and you move in that area your SL.
Mr. Pip tries to enter at your LH area if there is a good rotation candle, structure and/or fib level (in short confluence) and moves the SL in front of his entry when price reaches your SL area, because he knows that price can react in this area. Moreover, price does most of the time not move in a straight line to hit your target. You have to place yourself in a position with your entry that you can best react on the price action.


If I understood you wrong, sorry and forget what I wrote.

Don't worry. I'm just demoing, so I'm happy to destroy my account as long as I learn from it.

I will try to digest what your saying here (have to visualize it). Thanks for your feedback. Much appreciated.

Hey Gunnar - I'd like to add my input here. FYI asking questions in this thread is the smartest thing you can do at this point. Please see below.

First, lets make your chart easier to read by making the scale of the bars smaller. This is important so you can have a fuller picture of whats happening, and there is less likelihood of misreading a rotation bar due to its size. See the image. Just click and drag.

Your entry on the first trade is in the middle of a swing, as the 2 bars to the upside do not make a correction. It is instead all one swing. This makes your entry very poorly timed and that is why you were taken out by your stop promptly.

It is important to consider the LONG TERM expectation (you nailed it) and the SHORT TERM expectation. When the two expectations align, your trade has a much higher probability. Once the SHORT TERM expectation for a LH failed, we are looking for a SHORT TERM NSL. This should help you with your entry timing in complex corrections.

Your second entry was good but only based on STRUCTURE, ROTATION, and EXPECTATION. Remember now our LONG TERM and SHORT TERM expectations are aligned, both call for a NSL. You need to look at how much risk you are taking on for this trade though. If your plan allows for that much risk, this is a good trade, but MAKE SURE YOU DO NOT RISK MORE THAN YOUR PLAN ALLOWS. EVER. If this was an acceptable amount if risk for you, as soon as price tests the NSL around 1532, move your stop to break even.

Hope this helps clear a few things up for you, we were all learning at one point, and IMO the learning never stops but keep practicing and you will get there. Of course, feel free to ask follow up questions if you have them and if any other traders would like to add some input please feel free. Happy trading

I took this long term long yesterday. It would have been nice to get in at a lower price, but my entries are still garbage.

Anyhow, I locked in some profit.

Quick Update: Locked in a tad bit more.