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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

  • #43,601
  • Edited Oct 16, 2018 12:22am Oct 15, 2018 11:59pm | Edited Oct 16, 2018 12:22am
Quoting Unichamp
{quote} Hi Evo i don understand why the swing u take will make a nsh.i see sellers very strong.look like going to make nsl
This is what I saw. We broke structure to the upside (horizontal line). Made a shallow NSH, so expect deep correction and then a NSH. Since I was not really sure about my reference swing, I took the shorter one, in order to have a guide about what to expect as a move.
I saw also the bear strength after my reference swing. However, bears should have never allowed that up move (my ref. swing), so I traded this expectation. Moreover, there was heavy structure on the left in the area where I entered. I asked me also the question, if it is that smart to enter on that "down pressure" (all tiny swings had however all deep corrections which reinforced my trade), especially when price went against me and bulls were still at that time on vacation.

Hope this helps.
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  • #43,602
  • Oct 16, 2018 4:38am Oct 16, 2018 4:38am
Quoting evocpr19
{quote} This is what I saw. We broke structure to the upside (horizontal line). Made a shallow NSH, so expect deep correction and then a NSH. Since I was not really sure about my reference swing, I took the shorter one, in order to have a guide about what to expect as a move. I saw also the bear strength after my reference swing. However, bears should have never allowed that up move (my ref. swing), so I traded this expectation. Moreover, there was heavy structure on the left in the area where I entered. I asked me also the question, if it is that...
Thanks Evo it helps alot.
  • #43,603
  • Edited 7:41am Oct 16, 2018 6:25am | Edited 7:41am
Good Morning All, Early Trade +35 locked so far
Updated trade: 2nd picture EDIT: stopped out +100
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Always Learning
  • #43,604
  • Oct 16, 2018 9:22am Oct 16, 2018 9:22am
Man, I don't know what happens today but I've had better days. Made some mistakes, scaled in for a rescue mission which didn't worked out. My breakeven trades all would have worked out and because I totally missed the pink 1:1 completion I didn't took the long but was looking for short because of the shortterm OF.
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  • #43,605
  • Oct 16, 2018 9:49am Oct 16, 2018 9:49am
+76 today

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  • #43,606
  • Oct 16, 2018 10:26am Oct 16, 2018 10:26am
Quoting Nikster
Man, I don't know what happens today but I've had better days. Made some mistakes, scaled in for a rescue mission which didn't worked out. My breakeven trades all would have worked out and because I totally missed the pink 1:1 completion I didn't took the long but was looking for short because of the shortterm OF.{image}
How did it work yesterday?
  • #43,607
  • Oct 16, 2018 10:40am Oct 16, 2018 10:40am
Quoting Prock
+76 today {image}

Hi Prock , why TP early
  • #43,608
  • Oct 16, 2018 11:05am Oct 16, 2018 11:05am
+84 - Entry: Structure, 50% fib, rejection at openprice level. Exit: 1:1.

I saw blue circle entry but I am not sure which is the main swing. In higthsight, there are structure, 50% and 61% fib, 1:1 to the downside.(last leg was not stronger).
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  • #43,609
  • Oct 16, 2018 11:19am Oct 16, 2018 11:19am
Quoting evocpr19
{quote} How did it work yesterday?
Hey Evoc, yesterday I wasn't able to trade but it would be working out just fine. At the end of the week I always backtest that week to see how I would/could have performed and I keep getting the same numbers as with my backtestresults (65/70% of the time at least a BE or profitable result). You can't win everday I guess plus making a couple of mistakes makes it then more worse then it already was
  • #43,610
  • Oct 16, 2018 11:29am Oct 16, 2018 11:29am
Quoting 6288monkey
{quote} Hi Prock , why TP early
Lunch time
  • #43,611
  • Oct 16, 2018 3:19pm Oct 16, 2018 3:19pm
To Mr Pip and all those who share their journeys, I'm super grateful and proud of all you guys do and sacrifice for this thread. I see the markets completely different than I have the last 12 years.

One of my favorite sayings is: "what we do in life becomes our history, what we set into motion becomes our legacy". Mr Pip, you have set into motion more than you know with your contributions here. Your legacy extends way beyond your family. Deep Thanks!
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  • #43,612
  • Oct 17, 2018 6:00am Oct 17, 2018 6:00am
Those who trade forex which currency pair is good to trade on?
  • #43,613
  • Oct 17, 2018 6:16am Oct 17, 2018 6:16am
EURUSD short
This trade really tested my patience..
It is a good example of how your trade is not necessarily lost when you see strong moves going against you.
That's why I wanted to share it..

"Am I happy to see this strength against my trade? No. Does my tradeplan say to exit the trade when I'm not happy? No. Should I do something now? No. "


+20 pips

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  • #43,614
  • Oct 17, 2018 6:24am Oct 17, 2018 6:24am
+17 +20
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  • #43,615
  • Oct 17, 2018 7:41am Oct 17, 2018 7:41am
hi guys, can you tell me wich one of the movements is last one, the white or the blue one? should i consider that as a retracement and start a new move at the blue line?
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  • #43,616
  • Oct 17, 2018 8:19am Oct 17, 2018 8:19am
Quoting tomazlucena
hi guys, can you tell me wich one of the movements is last one, the white or the blue one? should i consider that as a retracement and start a new move at the blue line? {image}
I would use the blue swing as a swing, if you're trading that smaller orderflow.
  • #43,617
  • Oct 17, 2018 8:45am Oct 17, 2018 8:45am
Quoting tomazlucena
hi guys, can you tell me wich one of the movements is last one, the white or the blue one? should i consider that as a retracement and start a new move at the blue line? {image}

Since this is a thread about harmonics, then I think this file might help you.

It shows that in order to be considered a valid correction, you need a correction of at least at 38.2% to 88.6%.
Anything less than a 38.2% just means that you have one really long swing.
Anything that is more than 88.6% means you might want to change your directional bias.

Anyways.. I hope this helps.
Attached File(s)
File Type: pdf What is a valid retracement of a swing.pdf   432 KB | 809 downloads
Luck has no place in trading. Leave that for the poker table.
  • #43,618
  • Oct 17, 2018 9:05am Oct 17, 2018 9:05am
Hi everybody. I have a technical question about NT8. I started using this platform not so long ago and have one problem. I often accidentally close my chart, but program are still works. How can i get my closed chart back? Thanks for help
  • #43,619
  • Oct 17, 2018 9:08am Oct 17, 2018 9:08am
Quoting RussellShaw
Hi everybody. I have a technical question about NT8. I started using this platform not so long ago and have one problem. I often accidentally close my chart, but program are still works. How can i get my closed chart back? Thanks for help
You can try to close NT8 and when it prompts you whether to save all or not, choose do not save all. When you restart the platform again, your old charts will reappear. Hope this helps....
  • #43,620
  • Oct 17, 2018 9:37am Oct 17, 2018 9:37am
Quoting RussellShaw
Hi everybody. I have a technical question about NT8. I started using this platform not so long ago and have one problem. I often accidentally close my chart, but program are still works. How can i get my closed chart back? Thanks for help
I also had that problem often
There is a setting under Tools-->Options that will pop up a confirmation window when you accidentally click the close button of a chart or a window.
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