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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

  • #49,401
  • Apr 29, 2020 2:07pm Apr 29, 2020 2:07pm
Quoting LucanF
{quote} I’m sure I learned a great lesson today! I only got back to training since last week so I don’t expect I don’t have losing days, it’s part of the game! Am I right that today was an unusual volatile day because of all the news on USD?
Average day, especially for the last few weeks (going everywhere but ends nowhere). It's tough to be in the market at the moment so need to be extra cautious. News is often incorporated in the current PA OF, just gets to places quicker. Cover your positions but also don't let fear take a hold, just another day in the market.
As the lights go by so too do the shadows move
  • #49,402
  • Apr 29, 2020 2:59pm Apr 29, 2020 2:59pm
Quoting LucanF
{quote} I’m sure I learned a great lesson today! I only got back to training since last week so I don’t expect I don’t have losing days, it’s part of the game! Am I right that today was an unusual volatile day because of all the news on USD?
I really like: https://www.financialjuice.com/home
  • #49,403
  • Apr 29, 2020 3:00pm Apr 29, 2020 3:00pm
Quoting Matts Micro
{quote} Sexy rotation candle, in. Currently going against me I may add to position depending on the read. {image}
Going into trailing stop, currently B.E. due to time, don't like carrying trades over to next day.
As the lights go by so too do the shadows move
  • #49,404
  • Apr 29, 2020 3:16pm Apr 29, 2020 3:16pm
Quoting Matts Micro
{quote} Going into trailing stop, currently B.E. due to time, don't like carrying trades over to next day.
Out B.E.+
As the lights go by so too do the shadows move
  • #49,405
  • Apr 30, 2020 2:57am Apr 30, 2020 2:57am
Quoting Matts Micro
{quote} My road map is still valid. Buying to AOI of quoted trade. Trade taken on smaller TF. Interestingly it matches exactly with a 4 hrly rotation candle. (EURUSD 1hr) {image}
This trade is still open.
Opened another in the more immediate OF. Traded from MT4 tick chart rotation confirmation (more volume shown in MT4) but also slipped :/
May add to position if PA dictates.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 46.png Size: 65 KB
As the lights go by so too do the shadows move
  • #49,406
  • Apr 30, 2020 6:27am Apr 30, 2020 6:27am
I was a little late to this trade. I have the SL above the new current Lower High because the UJ is in a falling wedge (hrly) and if it breaks the new Lower High I expect a new HH.

usdjpy 80T (keep forgetting these charts don't say) previous chart is EU 80T
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy 20.png Size: 52 KB
As the lights go by so too do the shadows move
  • #49,407
  • Apr 30, 2020 6:39am Apr 30, 2020 6:39am
I saw this opportunity lining up for a NSL,

I recognised some structure and was waiting for price to at least touch the 32.8 fib before looking for entries.

Price pulled back several times but it never reached the first requirement for my entry. But then I look to the right and I see a nice round number on the chart that price is rejecting as a resistance level.

It seems like price has made it's move for a NSL, so I missed the trade but no hard feelings! I followed my rules so that's that.
Attached Image (click to enlarge)
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  • #49,408
  • Apr 30, 2020 6:43am Apr 30, 2020 6:43am
Quoting LucanF
I saw this opportunity lining up for a NSL, I recognised some structure and was waiting for price to at least touch the 32.8 fib before looking for entries. Price pulled back several times but it never reached the first requirement for my entry. But then I look to the right and I see a nice round number on the chart that price is rejecting as a resistance level. It seems like price has made it's move for a NSL, so I missed the trade but no hard feelings! I followed my rules so that's that. {image}
Sometimes the best trades are the ones you don't take. Even if you see this trade profit you kept your rules and the next 2 trades you don't take like this you could see come up and hit the very deep stop losses. Good read.
As the lights go by so too do the shadows move
  • #49,409
  • Apr 30, 2020 6:46am Apr 30, 2020 6:46am
AUDUSD 30min , 1 to 1

previous EURCAD loss

i have alot others trade also mostly when into loss , still finding why haha , this AudUsd trade has weak 2nd leg on all 3 swing. Or the swing i draw is wrong since the last few swing has been retrace more than 38.20 before going to NSH , thus is was not a valid 1 to 1?
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 30 KB
  • #49,410
  • Apr 30, 2020 6:50am Apr 30, 2020 6:50am
Quoting Matts Micro
I was a little late to this trade. I have the SL above the new current Lower High because the UJ is in a falling wedge (hrly) and if it breaks the new Lower High I expect a new HH. usdjpy 80T (keep forgetting these charts don't say) previous chart is EU 80T {image}
Grrr.... Was adjusting trending line and hit the cross on the horizontal trade line closing the trade (10 pips). May look for a re-entry.
Will have to see if I can disable the one click rule on this platform....
As the lights go by so too do the shadows move
  • #49,411
  • Apr 30, 2020 6:54am Apr 30, 2020 6:54am
Guys , is the picture below Blue Line/Box is a valid 1 to 1?

or it has failed at Yellow Line swing?
Yellow Line has more than 50% retrace( red box area ) , thus Invalid the initial Red Line swing?

"" note - blue line is a copy of red line
Attached Image (click to enlarge)
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  • #49,412
  • Apr 30, 2020 6:55am Apr 30, 2020 6:55am
Quoting 6288monkey
AUDUSD 30min , 1 to 1 previous EURCAD loss i have alot others trade also mostly when into loss , still finding why haha , this AudUsd trade has weak 2nd leg on all 3 swing. Or the swing i draw is wrong since the last few swing has been retrace more than 38.20 before going to NSH , thus is was not a valid 1 to 1? {image}
Was looking at the same trade on the 4hr TF with the rotation. GL.
As the lights go by so too do the shadows move
  • #49,413
  • Apr 30, 2020 7:01am Apr 30, 2020 7:01am
Sign of the times. Horrid PA today. Like I said yesterday, price is going everywhere ending nowhere.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 45.png Size: 71 KB
As the lights go by so too do the shadows move
  • #49,414
  • Edited 7:22am Apr 30, 2020 7:10am | Edited 7:22am
Quoting 6288monkey
Guys , is the picture below Blue Line/Box is a valid 1 to 1? or it has failed at Yellow Line swing? Yellow Line has more than 50% retrace( red box area ) , thus Invalid the initial Red Line swing? "" note - blue line is a copy of red line {image}
1:1 can exist regardless of how it gets there. It took price up to that of area of structure so its works, not clean but it's there. Imo any confluence is worth the while.

Edit: Just saw the part about the red line swing. That would depend on your target levels and trailing objectives of your plan. Questions would be- is the yellow lined swing more than 127% of the red? If so then PA has a good chance of a correction at that point. Also is correction of the yellow line 38% of the full red/yellow lined swing? Often it is a good place to trail a stop at 38% of the swing.
You may of wanted to keep the trade going to 1:1 or have an aggressive trailing stop enabling you to re-enter the trade. It all depends on your trade plan.
As the lights go by so too do the shadows move
  • #49,415
  • Apr 30, 2020 8:07am Apr 30, 2020 8:07am
Quoting Matts Micro
{quote} 1:1 can exist regardless of how it gets there. It took price up to that of area of structure so its works, not clean but it's there. Imo any confluence is worth the while. Edit: Just saw the part about the red line swing. That would depend on your target levels and trailing objectives of your plan. Questions would be- is the yellow lined swing more than 127% of the red? If so then PA has a good chance of a correction at that point. Also is correction of the yellow line 38% of the full red/yellow lined swing? Often it is a good place to trail...
from my understanding , you mean it was still a valid 1 to 1 despite the " next swing has >38.20 correction ", before it reach 1 to 1 price.

or to say , "BC" leg consist of 2 swing.
  • #49,416
  • Apr 30, 2020 8:21am Apr 30, 2020 8:21am
Quoting Matts Micro
I am looking for a AB=CD entry (blue TL's) for a continuation of the LT trend. I will likely be looking for an entry on the 30 min PA permitting. My analysis from last week still holds and will be looking an entry in my AOI. {image}
Quoting Matts Micro
{quote} This trade is still open. Opened another in the more immediate OF. Traded from MT4 tick chart rotation confirmation (more volume shown in MT4) but also slipped :/ May add to position if PA dictates. {image}
Immediate order flow trade hit SL.
Longer term still running (for now). Cant seem to beat structure at red box.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 46.png Size: 79 KB
As the lights go by so too do the shadows move
  • #49,417
  • Apr 30, 2020 8:40am Apr 30, 2020 8:40am
Quoting 6288monkey
{quote} from my understanding , you mean it was still a valid 1 to 1 despite the " next swing has >38.20 correction ", before it reach 1 to 1 price. or to say , "BC" leg consist of 2 swing.
A 1:1 can be made up of any amount of mini "swings" or their pullbacks. It probably doesn't help the strength of the move if made up of deep corrections but doesn't disqualify it. A 38.2 correction says to me the buyers are still in the game. The only disqualifier in my plan is if the expectation fails. If it had perhaps 2x corrections and the 2nd correction had a LL to the previous swing. If it had a 38.2% then yup it's 2 swings. It's not an overall reason to drop a trade though as a trade can last more than 1 swing depending on your rules as previously mentioned.

Taking a step back I would see a strong push to the topside (red TL). In my mind that is strong momentum. To ask it to repeat with the same momentum is a big ask so it may take a couple of pushes to get the 1:1 ratio. With the initial surge however you can be confident the buyers are in the market so should reach target.

Just how I look at things, hope this helps.
As the lights go by so too do the shadows move
  • #49,418
  • Apr 30, 2020 8:52am Apr 30, 2020 8:52am
Quoting 6288monkey
AUDUSD 30min , 1 to 1 previous EURCAD loss i have alot others trade also mostly when into loss , still finding why haha , this AudUsd trade has weak 2nd leg on all 3 swing. Or the swing i draw is wrong since the last few swing has been retrace more than 38.20 before going to NSH , thus is was not a valid 1 to 1? {image}
As the lights go by so too do the shadows move
  • #49,419
  • Apr 30, 2020 9:18am Apr 30, 2020 9:18am
Quoting 6288monkey
Guys , is the picture below Blue Line/Box is a valid 1 to 1? or it has failed at Yellow Line swing? Yellow Line has more than 50% retrace( red box area ) , thus Invalid the initial Red Line swing? "" note - blue line is a copy of red line {image}
My 1.5 cents, if that's your target then that's your target. If however you were looking for a "D" entry, then you might say that 1-to-1 AOI would have diminished value due to the next swing setting new 1-to-1 expectations.

I rather like when the in-between 1-to-1 lines up with the bigger 1-to-1 as shown in the YM screenshot from yesterday
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 153 KB
  • #49,420
  • Apr 30, 2020 9:31am Apr 30, 2020 9:31am
Quoting bmdenton23
{quote} My 1.5 cents, if that's your target then that's your target. If however you were looking for a "D" entry, then you might say that 1-to-1 AOI would have diminished value due to the next swing setting new 1-to-1 expectations. I rather like when the in-between 1-to-1 lines up with the bigger 1-to-1 as shown in the YM screenshot from yesterday {image}
Your cents in my pocket now haha

by the way dont quite understand this
""If however you were looking for a "D" entry, then you might say that 1-to-1 AOI would have diminished value due to the next swing setting new 1-to-1 expectations.""

do you mean we should not take 1 to 1 because of the next 1 to 1 will occur after this ?

and , YES confluence is always better
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