Ratios & Harmonics: a Different Way to Trade

Quoting brrand

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{quote} Do share those things with us. I took my first short today. I think good place to short because of Fib and str. {image} Lets see how it pans out.

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Quoting Mr. Pip

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I locked in 20 points there is just too many obstacles ahead of price to not protect. We will see how it ends up. Secured $10K {image}

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Quoting Mr. Pip

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I locked in 20 points there is just too many obstacles ahead of price to not protect. We will see how it ends up. Secured $10K {image}

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Quoting standrdtrde

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{quote} Damian, I have another dumb question... how long do you wait until the market opens to take a trade. I remember you mentioning something about resting orders coming into the market at open but does that apply if market is open say about two minutes in at 8:32 and I see a setup or would it be wise to wait until the market open volatility settles

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Quoting biDc

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My papertrade for today as well as analysis. Would appreciate any inputs...many thanks again for all the education. Yesterday's bonus video was definitely one that made certain thoughts "clicked". {image}

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Quoting brrand

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Pulled the trigger on one more pair yen pair. Still hoping for the unstoppable train downward.{image} Mr Pip, In the screenshot, if you lok at the no of bars in the rectangle, its more than 60 hourly bars. does it mean the order flow expectation of a new NSL is not valid? How does the time duration come into picture while deciding any order flow. OR, time duration between a NSH/NSL and the new NSH/NSL is not important. Appreciate your feedback. although in this case, since price retraced almost 100%, I am not looking for a clean NSL but more like...

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Quoting spetscom

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{quote} What made you get into that trade? Is it because price is in a zone that has been supporting lately and expectation is for NSH?

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Quoting Derp

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Hi Damian, I get confused pretty often with this scenario but I would appreciate if you could clear it up for me but how would you approach this chart? Would you take a short on the big swing or would you continue playing the small swings inside of it. The big swing indicates taking a short position but the small swings in there indicates taking a long. Now I understand the big swing will probably take precedence over the small swings inside of it. But after plotting my fibs they are sort of aligned where I am not sure if I should look for a long...

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Quoting Mr. Pip

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{quote} Those order settle pretty quickly. I don't have a rule on it but 10- 15 is more than enough. The bottom line is that the expectation is the expectation no matter what if you get an entry you should take it.

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Quoting Pair-me-up

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{quote} O.k. I shared the first part of my theory with you on Skype. If you think it is thread worthy you can share. If I am completely off my rocker let me know as well. ha ha ha ha

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Quoting Derp

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Hi Damian, I get confused pretty often with this scenario but I would appreciate if you could clear it up for me but how would you approach this chart? Would you take a short on the big swing or would you continue playing the small swings inside of it. The big swing indicates taking a short position but the small swings in there indicates taking a long. Now I understand the big swing will probably take precedence over the small swings inside of it. But after plotting my fibs they are sort of aligned where I am not sure if I should look for a long or a short. Also since on the big swing this is sort of a deep correction near the 78% fib that would indicate weakness on the short side for the bigger swing? {image}

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Quoting Mr. Pip

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We are pretty range bound right now but I'm looking for a long

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