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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

  • #43,361
  • Sep 30, 2018 8:32am Sep 30, 2018 8:32am
Quoting gastonforex
{quote} Evo, thank you for the response I was expecting at least a deep PB to the blue box because of the tiny NSH and the lost on momentum (blue and yellow lines). I still have some issues about what to expect. Nice weekend!!! {image}
At least you were expecting that price will climb and not fall. I am saying that, because when you look at PA on the leg that I traded, you can see an acceleration of price. This tells me that this move took away several stop losses from others which went at some point short.

The fact to miss a trade, because price did not reach a specific AOI is not dramatic, since you loose nothing.
  • #43,362
  • Edited Oct 1, 2018 6:15am Sep 30, 2018 10:57pm | Edited Oct 1, 2018 6:15am
Quoting evocpr19
{quote} At least you were expecting that price will climb and not fall. I am saying that, because when you look at PA on the leg that I traded, you can see an acceleration of price. This tells me that this move took away several stop losses from others which went at some point short. The fact to miss a trade, because price did not reach a specific AOI is not dramatic, since you loose nothing.
I can see the acceleration of price now and build a case to enter where you did. I did not see the acceleration until you mentioned it
Yes, it is not dramatic if price did not reach my AOI. I just wondered why you entered there.

Thank you (again) for your help!!!

Edit: I found a talk between Evo, JMezz and others traders about PB after NSH/NSL against expectation. If someone is interested, it start here: https://www.forexfactory.com/showthread.php?p=8925787#post8925787
  • #43,363
  • Oct 1, 2018 6:52am Oct 1, 2018 6:52am
+14 on the abcd completion stoped out on the 61.8
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  • #43,364
  • Oct 1, 2018 7:51am Oct 1, 2018 7:51am
jeez
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  • #43,365
  • Oct 1, 2018 9:59am Oct 1, 2018 9:59am
Quoting FxZitha
+14 on the abcd completion stoped out on the 61.8 {image}
Congrats, nice trade with good confluense. Did you went to breakeven when price reached the 38.2? I wasn't home and I only trade YM but I surely would have taken that trade also if I were trading the EUR/USD
  • #43,366
  • Oct 1, 2018 10:17am Oct 1, 2018 10:17am
Quoting Nikster
{quote} Congrats, nice trade with good confluense. Did you went to breakeven when price reached the 38.2? I wasn't home and I only trade YM but I surely would have taken that trade also if I were trading the EUR/USD
Yes
  • #43,367
  • Oct 1, 2018 10:44am Oct 1, 2018 10:44am
Haven't traded the 144 in a while
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  • #43,368
  • Oct 1, 2018 12:01pm Oct 1, 2018 12:01pm
Today was a nice day

+1 : Price decrease momentum, decrease projetion, increase depth and made a tiny NSL. I thought it can do one leg more to downside. I entered late but I wanted to see the open price broken. I read wrong the last leg bear strength and gave back all profit.
+45 : There is structure and 161 fib extension on 1597 tick, then a 38% pullback is probable (at least for me). I was not stop out by a few pips.

Comments how to improve (or mistakes) are welcome!
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  • #43,369
  • Oct 1, 2018 12:44pm Oct 1, 2018 12:44pm
Was concerned about the price push on my arrow area, so did not look for extended targets.
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  • #43,370
  • Oct 1, 2018 2:44pm Oct 1, 2018 2:44pm
Got into some afternoon trades today, also got stuck in a range for a while just to make me sweat, but the sellers finally showed up. out with+199,on multiple positions
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Always Learning
  • #43,371
  • Edited 9:25am Oct 2, 2018 6:34am | Edited 9:25am
Good Morning all Early trade, Out with +40. Price may be headed to my higher AOI.

EDIT : Done for now stopped out of other trades -223 for the day
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Always Learning
  • #43,372
  • Oct 2, 2018 8:21am Oct 2, 2018 8:21am
What's up traders? Our next live stream will be October 10. Be there!
If you fail to plan, you plan to fail.
  • #43,373
  • Oct 2, 2018 8:34am Oct 2, 2018 8:34am
US30 early trade
Long from area of large ABCD completion, 61.8 of large swing and some smaller harmonics and fib extensions.
Stop below area.
I entered in two half positions at the first entry I didn't want to miss the move but thought I might be a little early, added second half on good rotation after the 1:1 completion.

Was aiming for 127 projection of last swing down, but exited the trade earlier because market was about to open.
+80 points

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  • #43,374
  • Oct 2, 2018 8:36am Oct 2, 2018 8:36am
In my view it, the YM looks like it wants to target the highs from last night (Yesterday morning for some.)

I think that the bulls really want this market.
Luck has no place in trading. Leave that for the poker table.
  • #43,375
  • Oct 2, 2018 8:42am Oct 2, 2018 8:42am
some FOMC news later
  • #43,376
  • Oct 2, 2018 8:45am Oct 2, 2018 8:45am
MIRROR
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  • #43,377
  • Oct 2, 2018 8:48am Oct 2, 2018 8:48am
Quoting Pair-me-up
In my view it, the YM looks like it wants to target the highs from last night (Yesterday morning for some.) I think that the bulls really want this market.
You may be right, just got popped with a -200 point SL so done for the day unless the perfect rotation screams at me LOL
Always Learning
  • #43,378
  • Oct 2, 2018 8:54am Oct 2, 2018 8:54am
Quoting JayTrader
{quote} You may be right, just got popped with a -200 point SL so done for the day unless the perfect rotation screams at me LOL
Wow , mind share the chart? rarely see you have such big losses
  • #43,379
  • Oct 2, 2018 8:59am Oct 2, 2018 8:59am
Quoting mja1001
MIRROR {image}
Great to see someone on this thread trading the XAU/USD with the harmonic rules.
Luck has no place in trading. Leave that for the poker table.
  • #43,380
  • Oct 2, 2018 9:04am Oct 2, 2018 9:04am
Quoting JayTrader
{quote} You may be right, just got popped with a -200 point SL so done for the day unless the perfect rotation screams at me LOL

My view is based on the larger order flow. I didn't see that FOMC report ... So, that will either stop it in its tracks or keep pushing it up. I am not really good at the fundamental analysis.
Luck has no place in trading. Leave that for the poker table.
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