Ratios & Harmonics: a Different Way to Trade | Page 2175 | 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

  • #43,481
  • Oct 8, 2018 11:37am Oct 8, 2018 11:37am
Quoting evocpr19
My trades {image}
Hello evocpr19,
Why did you close your first trade nearly at BE and way before the break of expectation?

Thank you.
  • #43,482
  • Oct 8, 2018 12:29pm Oct 8, 2018 12:29pm
Quoting fxboss69
{quote} Hello evocpr19, Why did you close your first trade nearly at BE and way before the break of expectation? Thank you.
It was an implusive entry against strength which made for me not really sense, so prefered to close it with a small loss.
  • #43,483
  • Oct 8, 2018 4:01pm Oct 8, 2018 4:01pm
Hello, Mr Pip. It's my first reply in this thread, so first of all thanks for everything, your work is very valuable.
My question is about how to determine the true swing. I will bring two examples, where we can identify swings differently and have 2 type of expectations.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Снимок экрана 2018-10-08 в 23.46.34 (2).png Size: 190 KB
Click to Enlarge Name: Снимок экрана 2018-10-08 в 23.47.47.png Size: 187 KB
  • #43,484
  • Oct 9, 2018 3:33am Oct 9, 2018 3:33am
+18
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (39).png Size: 58 KB
  • #43,485
  • Oct 9, 2018 8:05am Oct 9, 2018 8:05am
HELLO EVERYONE!! :-) been a while,have been really working on finding the strongest supports and resistance areas using harmonics...will be starting to trade live next month so i also start posting results on signals i give to help each other out. By the way,there is one harmonic AB=CD,a really strong one on EUR/GBP 4HR chart.heres a screenshot
Attached Image (click to enlarge)
Click to Enlarge Name: PI HARMONICCS.png Size: 69 KB
  • #43,486
  • Oct 9, 2018 8:17am Oct 9, 2018 8:17am
Hello Traders, tomorrow is our live stream. Looking forward to another great session!
If you fail to plan, you plan to fail.
  • #43,487
  • Oct 9, 2018 8:40am Oct 9, 2018 8:40am
first trade +15
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-18 (144 Tick) 2018_10_09 (15_39_55).png Size: 44 KB
  • #43,488
  • Edited 10:21am Oct 9, 2018 10:05am | Edited 10:21am
Morning All Short trade I am in this Morning
Edit :Stopped out with +98 points per position. Reason for tight trail is I still have expectation of NSH on higher TF,s
Attached Image (click to enlarge)
Click to Enlarge Name: 109.jpg Size: 209 KB
Always Learning
  • #43,489
  • Oct 9, 2018 10:39am Oct 9, 2018 10:39am
+ 35: Entry: Golden Zone + Structure + Projection decrease + Depth increase + Harmonic wave (yellow lines). Exit: TP was at 38% and end of blue line. I left pips on the table.

I am cutting some trades before the initial TP is reached. I need to work on it.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-18 (233 Tick) 2018_10_09 (12_23_37).png Size: 74 KB
  • #43,490
  • Edited 5:49pm Oct 9, 2018 1:47pm | Edited 5:49pm
I did some homework because I lost 3 entries today.

1.- 1597 tick chart expectation is a deep PB (second yellow line).
Price (233 tick chart) printed a beatiful rotation candle, it closed below open price (horizontal blue line) and bulls could not make a NSH on short term.
The green level added confluence to the entry, i did not see it in real time, but I would have taken it
I was expecting the golden zone, orange line and third cyan line.

2.- Price had issues to up and printed a rotation candle near a 1:1 (blue lines) and structure. I was expecting a down leg (second red line)
The stop loss was too much to me, but I realize now that it was only 5 pips more. Do you take it by 5 pips more?

Edit: I use small stop loss on countertrades and 5 points is around a 20%, but the R:R were very good to trade it. I'll keep it in mind.

3.- Price made a PB (second red line) into the golden zone and structure. I did not like the bear's strength. What do you think?

Edit: Price did not reach the 1:1 and strong PB = I read it as strong weakness. Next swing was a tiny NSH (and then a complex correction). It is a good minimal expectation for the next time.

Any comments are welcome
Tomorrow will be new oportunities!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: YM 12-18 (1597 Tick) 2018_10_09 (13_30_48).png Size: 62 KB
Click to Enlarge Name: YM 12-18 (233 Tick) 2018_10_09 (13_30_18).png Size: 83 KB
  • #43,491
  • Oct 9, 2018 3:04pm Oct 9, 2018 3:04pm
Quoting RussellShaw
Hello, Mr Pip. It's my first reply in this thread, so first of all thanks for everything, your work is very valuable. My question is about how to determine the true swing. I will bring two examples, where we can identify swings differently and have 2 type of expectations. {image} {image}
Hello RussellShaw,

your question was directed to Mr. Pip, so will not enter in detail in your question. However, what follows is also linked to your question in terms of orderflow.

I traded today mainly NQ but I faced the following with YM which I will explain now: The purpose is only to show you what I faced today and how I dealt with it (if good or bad, you have to decide). "Longer term" expectation was NSH. I saw the harmonic completion in area "A" (red lines); break of short term structure which defines my short term trading leg (yellow line); after deep correction, I went long. Expectation at least a short term NSH. Now the problem, price corrected deep to point "C" (was not pleased about that). However, expectation is expectation and price went quickly and easy in "the right direction", so decided to stay in the trade. However, did not want to give that much back, so decided to protect and got taken out. I thought first, that I was too aggressive with my trailing, but then I saw that price did not reach the yellow 1:1 (missed by a few pips) and progressed in "the wrong direction". In hindsight, I am happy with my "aggressive trailing", since price came several times back to my entry price (see horizontal line).
Maybe it has some value for you and/or others.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 291 KB
  • #43,492
  • Edited 10:16pm Oct 9, 2018 9:55pm | Edited 10:16pm
This sorta fits....I'm fibo ratio elliott.....

The USD is losing for a day or two......USDjpy goin down....euro an expanded flat up just to the levels already seen
  • #43,493
  • Oct 9, 2018 10:11pm Oct 9, 2018 10:11pm
Quoting evocpr19
{quote} Hello RussellShaw, your question was directed to Mr. Pip, so will not enter in detail in your question. However, what follows is also linked to your question in terms of orderflow. I traded today mainly NQ but I faced the following with YM which I will explain now: The purpose is only to show you what I faced today and how I dealt with it (if good or bad, you have to decide). "Longer term" expectation was NSH. I saw the harmonic completion in area "A" (red lines); break of short term structure which defines my short term trading leg (yellow...

Evocrpr19.. I really enjoy how your notes are written in sharp detail and your logical explanation is superb!
Luck has no place in trading. Leave that for the poker table.
  • #43,494
  • Oct 9, 2018 10:12pm Oct 9, 2018 10:12pm
Quoting Gbp/jpy
This sorta fits....I'm fibo ratio elliott..... The USD is losing for a day or two......USDjpy goin down....euro an expanded flat
Welcome to the thread.

Look forward to your charts!
Luck has no place in trading. Leave that for the poker table.
  • #43,495
  • Oct 9, 2018 11:52pm Oct 9, 2018 11:52pm
Quoting evocpr19
{quote} Hello RussellShaw, your question was directed to Mr. Pip, so will not enter in detail in your question. However, what follows is also linked to your question in terms of orderflow. I traded today mainly NQ but I faced the following with YM which I will explain now: The purpose is only to show you what I faced today and how I dealt with it (if good or bad, you have to decide). "Longer term" expectation was NSH. I saw the harmonic completion in area "A" (red lines); break of short term structure which defines my short term trading leg (yellow...
evocpr19 (https://www.forexfactory.com/evocpr19), thanks for the answer
  • #43,496
  • Oct 10, 2018 1:58am Oct 10, 2018 1:58am
Quoting Mr. Pip
Remember the live stream is on Wednesday
Great, time and place please , many thanks excited !
  • #43,497
  • Oct 10, 2018 6:39am Oct 10, 2018 6:39am
FORECAST........................................
Attached Image (click to enlarge)
Click to Enlarge Name: XAUUSDH1.png Size: 79 KB
  • #43,498
  • Oct 10, 2018 8:00am Oct 10, 2018 8:00am
GM Traders, Here is the link to the stream

https://www.youtube.com/channel/UCy5Zq25cFK3FZeF26wn4m0w/live
If you fail to plan, you plan to fail.
  • #43,499
  • Oct 10, 2018 8:58am Oct 10, 2018 8:58am
Short: I don't know if my harmonics are correct or not. Most of the time my entries are based on structure analysis and projecting price forward.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-18 (1597 Tick).png Size: 77 KB
Luck has no place in trading. Leave that for the poker table.
  • #43,500
  • Oct 10, 2018 9:07am Oct 10, 2018 9:07am
Moved my stop and extended my profit target.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-18 (1597 Tick).png Size: 78 KB
Luck has no place in trading. Leave that for the poker table.
7 traders viewing now