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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

  • #50,481
  • Mar 1, 2022 8:47am Mar 1, 2022 8:47am
Quoting Mr. Pip
{image}
Thank you Damian.

Much appreciated.
  • #50,482
  • Mar 1, 2022 4:21pm Mar 1, 2022 4:21pm
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.
  • #50,483
  • Mar 1, 2022 4:43pm Mar 1, 2022 4:43pm
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.
  • #50,484
  • Mar 1, 2022 5:30pm Mar 1, 2022 5:30pm
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.
  • #50,485
  • Mar 1, 2022 5:34pm Mar 1, 2022 5:34pm
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.
  • #50,486
  • Mar 1, 2022 5:37pm Mar 1, 2022 5:37pm
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.
  • #50,487
  • Mar 1, 2022 6:10pm Mar 1, 2022 6:10pm
Both zones have held but the madness is about to begin
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If you fail to plan, you plan to fail.
  • #50,488
  • Mar 1, 2022 6:39pm Mar 1, 2022 6:39pm
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.
  • #50,489
  • Mar 1, 2022 6:45pm Mar 1, 2022 6:45pm
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.
  • #50,490
  • Mar 1, 2022 7:17pm Mar 1, 2022 7:17pm
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.
  • #50,491
  • Mar 1, 2022 7:18pm Mar 1, 2022 7:18pm
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.
  • #50,492
  • Mar 2, 2022 5:56am Mar 2, 2022 5:56am
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
  • #50,493
  • Mar 2, 2022 7:00am Mar 2, 2022 7:00am
Trade 1
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If you fail to plan, you plan to fail.
  • #50,494
  • Mar 2, 2022 7:05am Mar 2, 2022 7:05am
Trailing
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If you fail to plan, you plan to fail.
  • #50,495
  • Mar 2, 2022 7:07am Mar 2, 2022 7:07am
Taken out and in again
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If you fail to plan, you plan to fail.
  • #50,496
  • Mar 2, 2022 7:09am Mar 2, 2022 7:09am
Stopped next
If you fail to plan, you plan to fail.
  • #50,497
  • Mar 2, 2022 7:19am Mar 2, 2022 7:19am
Man this place is dead
If you fail to plan, you plan to fail.
  • #50,498
  • Mar 2, 2022 7:30am Mar 2, 2022 7:30am
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.
  • #50,499
  • Mar 2, 2022 7:32am Mar 2, 2022 7:32am
short
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  • #50,500
  • Mar 2, 2022 7:34am Mar 2, 2022 7:34am
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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