Ratios & Harmonics: a Different Way to Trade

Out -13

Could you elaborate a little bit more on what strategy do you mean? Gartley? higher/lower structures?
Thank you!

IF this AUDUSD with an ETP-3 at top of the resistance completes, looking for pullback (green squiggly line).

Hi, There are elaborative videos by Mr.Pip on this strategy. However, to answer your question briefly, essentially its more simplified version of Harmonic trading, which suites faster markets.

stopped

Time to flip and rip!!

GBPCAD - ETP1 at resistance around 1.7500 to 1.7520. Frequency waves are showing a strong pullback. Will have to see. Stops i like above 1.7555

Currently in 2 trades.

U/C - First was an entry at structure, current order flow area, at the 61.8%. Going to be working on getting in with limit orders due to missing a lot of long term entries while working. Could be getting to the end of a larger harmonic move, so keeping an eye on that.

E/U - Second entry was rotation, deeper than expected correction, and in line with current order flow. The small grey rectangle could be an area of concern due to past selling pressure, so that is the area i would like to see price get past. Currently finding some resistance there, so we shall see.

*Edit: Both trades are at BE at the test of structure.

**Edit: Final outcome. U/C in picture 3 hit the 127.2% hard profit target. Picture 4 shows that E/U was able to make it past the area of structure that concerned me and also hit the 127.2% profit target. Overall, comfortable with both trades and had a gain of about 14%.

Stop at BE +

re-entered

will see how is it goes.
stopped

G/U - Limit order hit. Market is trending downward, not a whole lot of breakdown. Entry at structure, in line with order flow, and 50% fib. The strength to the upside it rather concerning though.

A/J - Limit order hit. This one is rather interesting. I am a bit concerned about the larger move to the left since the area of OF back up to the upside was just hit. But, the order flow that i am trading is to the downside, so trade is just below the 50% due to increasing strength to the downside, limit order was at structure, although i can see price potentially pushing to the upper rectangle, and now we see how this pans out.

Update -

GU - Got much deeper than expected but found sellers at the previous resistance zone in the swing leg at the 78.6. Although the retracement was deep, TP of 127.2 was hit overnight.

AJ - At BE. Price is starting to break down at the NSL/support. Gave myself a little more after the BE due to a swap rate so a small profit is locked in. Looks like price may be pushing lower as i type, but that zone is something to keep an eye on in the future if price happens to make it back above. Will post the results whichever way this goes.

Overall, great week of trading and the limit orders have really helped me since my chart time is sporadic. This will likely be my last trades due to NFP tomorrow. Hope everyone else had a great week of trading!

Update on AJ -

Price broke through the support zone and rapidly worked it's way to the TP at 127.2.

That's it for the week, only going to observe the PA and news.

Eventually heading to 2600 -> 2700? Possible? :O Typically when ES goes down, USD goes up right? So could see a lot of FX USD pairs going mad if this happens.

Posted this (https://www.forexfactory.com/thread/post/13138082#post13138082) earlier, and now we got a new ETP-3. Need this to trigger before the 1.41 time ext or we'll be running for the hills. Support is light (and not the greatest) and i expect it to fail eventually, but looking for longs until it does break through this level of support.

stopped

rescue mission stopped BE +4

Hi everyone,

I have a very random question. I hope I can get the answer.

Mr Pip said that 5 min approximate equivalent tick chart is 233T, Hourly is 1597T, what is the approximate tick chart equivalent for 4H and D?

I am starting to look trading the 1597, but I need to see the next higher level chart for supply and demand zones. Is there a way to figure this thing?

Thanks
Brrand