Ratios & Harmonics: a Different Way to Trade | Page 2501 | 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

  • #50,001
  • Feb 19, 2021 12:12am Feb 19, 2021 12:12am
Looking for my first trade of the day here.

The AB=CD completion or 1:1 to sell. Price has reached an area of resistance / supply on the larger OF.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 249.png Size: 83 KB
As the lights go by so too do the shadows move
  • #50,002
  • Feb 19, 2021 12:21am Feb 19, 2021 12:21am
Entered on a rotation candle a little aggressively just short of "D". Price then came up and made the 1:1. A bit of news for the EU today so maybe some volatility.

Sell.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 250.png Size: 42 KB
As the lights go by so too do the shadows move
  • #50,003
  • Feb 19, 2021 12:31am Feb 19, 2021 12:31am
Quoting Matts Micro
Entered on a rotation candle a little aggressively just short of "D". Price then came up and made the 1:1. A bit of news for the EU today so maybe some volatility. Sell. {image}
SL -9 pips. Right on one of the news releases I mentioned.
As the lights go by so too do the shadows move
  • #50,004
  • Feb 19, 2021 12:34am Feb 19, 2021 12:34am
Quoting Matts Micro
{quote} SL -9 pips. Right on one of the news releases I mentioned.
Re-entered the same trade. Am I chasing price?... perhaps, but still within the 1:1 limits.
As the lights go by so too do the shadows move
  • #50,005
  • Feb 19, 2021 12:46am Feb 19, 2021 12:46am
Quoting Matts Micro
{quote} Re-entered the same trade. Am I chasing price?... perhaps, but still within the 1:1 limits.
SL -9 pips.

I will not tell myself this was bad trading on both accounts. I am right every time and my rules are there to be broken......
As the lights go by so too do the shadows move
  • #50,006
  • Feb 19, 2021 12:53am Feb 19, 2021 12:53am
I am officially banning myself from ABCD's on larger OF's structures. They are profitable when entered at correct price but finding the entry level on the ST OF is a hit and go game. I use too many SL's trying to find the entry level, if at all. (Writing in plan now with red pen).
As the lights go by so too do the shadows move
  • #50,007
  • Feb 19, 2021 1:42am Feb 19, 2021 1:42am
Yikes. EURUSD and NZDUSD just shot up, taking out my stops.
  • #50,008
  • Feb 19, 2021 2:07am Feb 19, 2021 2:07am
Ok I have had a coffee and break for a moment to settle myself and ready to go again. Emotions are out of the scenario and ready to trade.

I am on the 89T chart because of the large swing on the 233T chart which could take hours to have a correction.

Buy. If fails I will change expectation as per plan.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 251.png Size: 51 KB
As the lights go by so too do the shadows move
  • #50,009
  • Feb 19, 2021 2:55am Feb 19, 2021 2:55am
Quoting Matts Micro
Ok I have had a coffee and break for a moment to settle myself and ready to go again. Emotions are out of the scenario and ready to trade. I am on the 89T chart because of the large swing on the 233T chart which could take hours to have a correction. Buy. If fails I will change expectation as per plan. {image}
TS 5 pips
As the lights go by so too do the shadows move
  • #50,010
  • Feb 19, 2021 3:59am Feb 19, 2021 3:59am
Buy.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 252.png Size: 53 KB
As the lights go by so too do the shadows move
  • #50,011
  • Feb 19, 2021 5:32am Feb 19, 2021 5:32am
Quoting Matts Micro
Buy. {image}
SL -8 pips.
Having a bit of a ragtag day today but at least that trade was to plan. Failed expectation now looking for shorts. Next trade.
As the lights go by so too do the shadows move
  • #50,012
  • Feb 19, 2021 6:39am Feb 19, 2021 6:39am
Trading the ABCD. This isn't breaking my rules like before as it is on the same TF / OF chart.

Buy.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 253.png Size: 52 KB
As the lights go by so too do the shadows move
  • #50,013
  • Feb 19, 2021 7:26am Feb 19, 2021 7:26am
Quoting Matts Micro
Trading the ABCD. This isn't breaking my rules like before as it is on the same TF / OF chart. Buy. {image}
BE+. Price reached 50% and turned without hitting 61.8% fib. May look for a re-entry.
As the lights go by so too do the shadows move
  • #50,014
  • Feb 19, 2021 7:41am Feb 19, 2021 7:41am
Quoting Matts Micro
{quote} BE+. Price reached 50% and turned without hitting 61.8% fib. May look for a re-entry.
Took me out right on the knocker before going up and hitting profit taking levels. At least the trade was a success as in the analysis which is more important to me aside from monetary value.

Sell. May BE this early as it is a 1:1 OF.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 254.png Size: 53 KB
As the lights go by so too do the shadows move
  • #50,015
  • Feb 19, 2021 8:08am Feb 19, 2021 8:08am
Quoting Matts Micro
{quote} Took me out right on the knocker before going up and hitting profit taking levels. At least the trade was a success as in the analysis which is more important to me aside from monetary value. Sell. May BE this early as it is a 1:1 OF. {image}
Can't catch a break today.

BE+.
As the lights go by so too do the shadows move
  • #50,016
  • Feb 19, 2021 8:42am Feb 19, 2021 8:42am
Short on ABCD. Looking for 61.8% fib TS.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 255.png Size: 57 KB
As the lights go by so too do the shadows move
  • #50,017
  • Feb 19, 2021 10:03am Feb 19, 2021 10:03am
Quoting Matts Micro
Short on ABCD. Looking for 61.8% fib TS. {image}
TS 13 pips.

I apologise for the noisy chart. It is a read I am working on, originating from Mr pips candles stick analysis. Needs heaps more testing yet.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 256.png Size: 59 KB
As the lights go by so too do the shadows move
  • #50,018
  • Feb 20, 2021 9:33am Feb 20, 2021 9:33am
Those of you posting, I thought I would share my analysis for EUR/USD next week as I like this set up. I mainly trade the ES now, but I keep an eye on the 6E for opportunity, particularly if the ES is ranging, as zone trading is not my favorite. Many times currencies will be moving while equities are ranging.

Ideal trade would be for price to come back to 1.2105 area, fall short of the 127 ext and 1-1 on this third wave down, then start back north. This would be a red flag the down trend may fail putting the last high at risk and start to continue bullish on the larger ABCD. I would enter on this retest, playing the larger ABCD.

If the 21 to 16 zone holds, then I will wait for the short term order flow to fail, then look to go long off that expectation failure (with deep correction into a zone) of the shorter term order flow to gain a position long into the larger ABCD. Since momentum and projection on the larger ABCD was strong, price may not make it back to the third wave down to test 1.21.

Long term context, daily chart is bullish working on third wave up and 60 minute is bearish, however it has had a deep correction past the 78.6%, which shows weakness for the bears. I like 6E long for my bias.

Attached Image (click to enlarge)
Click to Enlarge Name: 6E Set Up - Week Feb 22.png Size: 107 KB
Good work is the key to good fortune
  • #50,019
  • Feb 22, 2021 1:55am Feb 22, 2021 1:55am
So tough week last week. Was still on top at end of, but see if I can do better this week.

Sell.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 257.png Size: 44 KB
As the lights go by so too do the shadows move
  • #50,020
  • Feb 22, 2021 2:26am Feb 22, 2021 2:26am
I may not be posting too much this week as I am working on a new system. It has incredible accuracy of reading the market but I still lack a clear plan for entry / exit and it has a bit too much discretionary decision making. Heh that sound a bit like "everything", but it works.

It is based on candle stick reading and their influence on future PA. It is very hard work to keep up with, but after 50 trades in history testing during the weekend; it picks up the direction and momentum at a phenomenal rate of success. If I can figure the finer points of the system I will make a thread on it. It may not be possible but I may be able to just use it in conjunction with this style of trading to create a higher rate of accuracy.

I'm very excited to find this but we will see, it is going to take a lot of work to refine it into a system.

Ps. I post this here because what I learnt from candlestick reading came from Mr Pips teachings and I just built on it trying to understand it further.
As the lights go by so too do the shadows move
7 traders viewing now