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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

  • #881
  • Jan 8, 2013 6:35pm Jan 8, 2013 6:35pm
views any one bullish AB=CD pattern or am I eating the wrong hot dogs
Attached Image (click to enlarge)
Click to Enlarge Name: AB=CD.png Size: 44 KB
  • #882
  • Jan 8, 2013 6:36pm Jan 8, 2013 6:36pm
Quoting well0143
which currency pair is that barry
sorry E/U
Barry
  • #883
  • Jan 8, 2013 6:44pm Jan 8, 2013 6:44pm
Quoting well0143
views any one bullish AB=CD pattern or am I eating the wrong hot dogs
Attachment
possible,
but i would take profit at 5110-45, not 53
  • #884
  • Jan 8, 2013 6:54pm Jan 8, 2013 6:54pm
so around this purple line due to previous high consolidation zone inside the black rectangle???

Attached Image (click to enlarge)
Click to Enlarge Name: AB=CD.png Size: 46 KB
  • #885
  • Jan 8, 2013 7:04pm Jan 8, 2013 7:04pm
Quoting well0143
so around this purple line due to previous high consolidation zone inside the black rectangle???

Attachment
that line is a huge resistance level on M15 chart.
and your SL is very tight, i would lower it to 47 if i were you.
  • #886
  • Jan 8, 2013 7:06pm Jan 8, 2013 7:06pm
Quoting well0143
views any one bullish AB=CD pattern or am I eating the wrong hot dogs
Attachment
There are several possibilities. The ABCD you have drawn may happen, the others are AB=CD's. If price contiues down it can be another AB=CD. Also if you look at a HTF there's another AB=CD that may take price even higher. We'll see.
Attached Image (click to enlarge)
Click to Enlarge Name: au.gif Size: 25 KB
Barry
  • #887
  • Edited 8:38pm Jan 8, 2013 8:20pm | Edited 8:38pm
Waiting to see what happens with UJ
4hr chart
I have placed pending short on 618 retrace just in case of spike up.
Attached Image (click to enlarge)
Click to Enlarge Name: uj.gif Size: 19 KB
In trading, you have to be defensive and aggressive at the same time
  • #888
  • Jan 8, 2013 8:29pm Jan 8, 2013 8:29pm
http://www.forexfactory.com/attachme...0&d=1357705221

u mean H4 not H1 ?

Quoting Davit
Waiting to see what happens with UJ
1hr chart
I have placed pending short on 618 retrace just in case of spike up.
not euphoria follower
  • #889
  • Jan 8, 2013 8:30pm Jan 8, 2013 8:30pm
15 euro
Work in progress,area of interest 3107 .618 fib
Grey box consolidation zone.Break out area.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 22 KB
In trading, you have to be defensive and aggressive at the same time
  • #890
  • Jan 8, 2013 8:35pm Jan 8, 2013 8:35pm
Guys I am just looking at possible trades for tonight. I usually like to trade least spread pairs.Usually nothing more then 2pip
CJ looks good too
Possible trade at 618 which is 89
Attached Image (click to enlarge)
Click to Enlarge Name: cj.gif Size: 20 KB
In trading, you have to be defensive and aggressive at the same time
  • #891
  • Jan 8, 2013 8:36pm Jan 8, 2013 8:36pm
Quoting iqyu5an

u mean H4 not H1 ?
Yes even though same pattern is true on 1hr
In trading, you have to be defensive and aggressive at the same time
  • #892
  • Jan 8, 2013 10:49pm Jan 8, 2013 10:49pm
Mr. Pip my first successful harmonic trade.(Thanks to you )

Im up ~70 pips now and have moved the SL at +11

http://img59.imageshack.us/img59/4582/83809733.png
  • #893
  • Jan 8, 2013 10:52pm Jan 8, 2013 10:52pm


Quoting zola320
Mr. Pip my first successful harmonic trade.(Thanks to you )

Im up ~70 pips now and have moved the SL at +11

http://img59.imageshack.us/img59/4582/83809733.png
  • #894
  • Jan 8, 2013 11:26pm Jan 8, 2013 11:26pm
Mr.Pip would we take this trade if the price moves to the PRZ.
Im asking because the AB and the CD lines are almost vertical..

http://img15.imageshack.us/img15/9227/61423828.png

Thank you
  • #895
  • Jan 9, 2013 12:11am Jan 9, 2013 12:11am
Greetings Mr. Pip

Thank you for your time and comments on my last post! Very very glad that I saw the correct pattern

I was wondering. We currently only use fib ratios of price swings. Do you at all consider fib ratios of time i.e. Fib time extensions to evaluate your patterns?

Thanks.
  • #896
  • Jan 9, 2013 1:01am Jan 9, 2013 1:01am
Quoting Davit
Waiting to see what happens with UJ
4hr chart
I have placed pending short on 618 retrace just in case of spike up.
You are trading against a very strong uptrend in all higher time frames, H4, Daily, Weekly and even Monthly.
It would be safer to take aggressive C trades in trend direction. I'll show you how I trade ABCD pattern in trend direction
in the next post.

Regards,
Blackeagle
  • #897
  • Jan 9, 2013 1:06am Jan 9, 2013 1:06am
never jump directly to the market even the ratio say something, always : see our position , relative to the past. check the S/R if any, keep the money management. If not, the ratio will kill us and we just live in the harmonic dream.

all and all, the point in harmanic trading is planning !!!

imho
not euphoria follower
  • #898
  • Jan 9, 2013 1:14am Jan 9, 2013 1:14am
Could anyone shed some light on this area in eclipse why such tight ranges, the AUDUSD seems stuck is there a reason for this economics wise "poking the seasoned traders "

Attached Image (click to enlarge)
Click to Enlarge Name: whatpng.png Size: 17 KB
  • #899
  • Jan 9, 2013 1:22am Jan 9, 2013 1:22am
if we can't see anything there . just try to see with other TF

imho


Quoting well0143
Could anyone shed some light on this area in eclipse why such tight ranges, the AUDUSD seems stuck is there a reason for this economics wise "poking the seasoned traders "

Attachment
not euphoria follower
  • #900
  • Jan 9, 2013 1:29am Jan 9, 2013 1:29am
Quoting iqyu5an
if we can't see anything there . just try to see with other TF

imho

what does TF stand for?
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