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"Ratios & Harmonics: a Different Way to Trade." Summary 37 replies

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Attachments: Ratios & Harmonics: a Different Way to Trade
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Ratios & Harmonics: a Different Way to Trade

Quoting Mr. Pip
{image}
Thank you Damian.

Much appreciated.
Let's see how price reacts to this area of selling liquidity, sellers absorbed really nice there and price is moving there with what appears to be strength. Keep in mind if after hours and with the state of the union address all bets are off but the sellers should defend the zone.
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If you fail to plan, you plan to fail.
Not trading just want you guys to work on strengthening your skillset . Work on your areas of interests. We have Harmonic exhaustion but, I would expect the buyers to defend the lower zone.
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If you fail to plan, you plan to fail.
Sellers are trying to attack but they are not doing a great job. As expected the area should hold.

Prior to candle 1 the buyers had a nice range candle that barely traded below it's open both that one and the previous absorbed resistance nicely. Candle 1 started nicely for the sellers but the partially bought it back half way so the sellers were not able to capitalize on the absorption. Candle 2 was a very weak absorption by the sellers as they did push back the buyers but did not trade much below the open and closed neutral as a bearish doji. Candle 3 was slightly give and take on both side and no one really won it there is weakness here in this area for the sellers so I expect it to hold for the buyers.
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If you fail to plan, you plan to fail.
Don't be afraid to make bold predictions as to what will happen where and before price gets there. The more you do the stronger your skills will get. Read into the candles they provide so much information.
If you fail to plan, you plan to fail.
See how I was able to predetermine the zone and that it was expected to hold? Those series of candles gave me that insight. Now to see if the upper one holds for the sellers.
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If you fail to plan, you plan to fail.
Both zones have held but the madness is about to begin
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If you fail to plan, you plan to fail.
Quoting Learner2
My current expectation is that it's going to correct to the support area near the 50% or in between the 61.8 & 78.6. How can I anticipate which area of support to expect the reversal to begin? The harmonics would seem to indicate it's going to reverse closer to the 78.6. Or is my general anticipation of a correction incorrect until it drops to at least the 38.2?
Excellent dialog here let's get into it then. The first this you should use is proper terminology. You see, retail traders have a habit of using emotionally charged words like reversal and the mind want to attach a value to that. Expect a correction that is neutral. Price should correct because we have achieved harmonic exhaustion. Yes, you are correct to expect a deeper correction after all we have a weak NSH after a 100% correction which another indication of an expected deeper correction. Remember the most important thing that make price move is liquidity and what is happening there. Who is absorbing and where? Who is gaining and who is losing territory? The answers to these questions help us make adjustments. The details are in the Bar-by-Bar. Who is taking advantage of that liquidity. In this case where the sellers should be the buyers were and if you are getting absorber you cannot move dick!
If you fail to plan, you plan to fail.
Traders, this is next lever Jedi stuff. Take advantage! is there value here? Process, process, process. What do I expect vs what is happening. That is how we adjust. 5 contracts will not cause price to move so ask yourself where is there liquidity that will fill the larger orders. The big boys don't like slippage either.
If you fail to plan, you plan to fail.
So what is expected now? Candle 1 is a weak buying Absorption candle at support. Candle 2 is a much more meaningful absorption candle and a statement by the buyers. The following candle is actually a nice one by the sellers but getting overwhelmingly taken by candle 3 and a second statement. The buyers are the ones winning the absorption battle at support there fore it is expected to hold. Do you see the significance of Bar-by-Bar? The amazing value this has in heling you in identifying the area of interest and also possibly on the trade management side. Everything we need to know is there. It is our job to pick up on what price tells us.
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If you fail to plan, you plan to fail.
OK, enough for today I will see if anyone comments or of this ship has sailed.
If you fail to plan, you plan to fail.
Quoting Mr. Pip
So what is expected now? Candle 1 is a weak buying Absorption candle at support. Candle 2 is a much more meaningful absorption candle and a statement by the buyers. The following candle is actually a nice one by the sellers but getting overwhelmingly taken by candle 3 and a second statement. The buyers are the ones winning the absorption battle at support there fore it is expected to hold. Do you see the significance of Bar-by-Bar? The amazing value this has in heling you in identifying the area of interest and also possibly on the trade management...
was able to peak so cheated a bit but had drawn the same conclusion that price was barely able to enter what i would call a supply zone marked at far left of chart before rejection, would not have been clear to me if it would retest before going short but expectation was for me that it was an area to short, I enjoy your charts thanks for sharing
Always Learning
Always Learning
Trade 1
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If you fail to plan, you plan to fail.
Trailing
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If you fail to plan, you plan to fail.
Taken out and in again
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If you fail to plan, you plan to fail.
Stopped next
If you fail to plan, you plan to fail.
Man this place is dead
If you fail to plan, you plan to fail.
Quoting Mr. Pip
Man this place is dead
Hi Mr. Pip. Great to see you are back and safe! Its been a while since you have posted and the activity has dropped since then.
Anyway I am really glad that I see you again leading this wonderful forum.
short
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Quoting steos
{quote} Hi Mr. Pip. Great to see you are back and safe! Its been a while since you have posted and the activity has dropped since then. Anyway I am really glad that I see you again leading this wonderful forum.
Thanks, great to see you!
If you fail to plan, you plan to fail.
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