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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

  • #4,461
  • Aug 9, 2013 6:39am Aug 9, 2013 6:39am
Quoting vqtrader
AXlZ Explain to us why you took it
It meets all the rules of an aggressive ABC trade.

Price closed within the 61-78% zone of larger swing.

Moved down, into 61-78% zone of smaller swing. PA stalled, showed signs of reversal.

it could have even been the D swing of a Gartley, but it would have still went up, regardless.
  • #4,462
  • Aug 9, 2013 6:40am Aug 9, 2013 6:40am
Bary or Vgtrader,

I know you guys are both very experienced judging from your many knowledgeable responses in this thread, so would you mind If I chat to either of you on skype ?

It would be much easier rather than doing it via here.

Thanks.
  • #4,463
  • Aug 9, 2013 6:47am Aug 9, 2013 6:47am
Quoting Axlz
{quote} I just took another ABC aggressive trade, inside a Gartley, so its also an aggressive XABCD trade, am I correct ? ANd how does the trade look? {image}

I don't see reason to take a trade here. PA sucks, right now the EU is in a 22 pip range, not something I would trade today unless it breaks out and shows us something later.
Barry
  • #4,464
  • Aug 9, 2013 7:03am Aug 9, 2013 7:03am
Quoting Axlz
{quote} It meets all the rules of an aggressive ABC trade. Price closed within the 61-78% zone of larger swing. Moved down, into 61-78% zone of smaller swing. PA stalled, showed signs of reversal. it could have even been the D swing of a Gartley, but it would have still went up, regardless.
Also there is no confluence at that level. No s/r level. Gartley?? within a 22 pip range? PA is very sloppy. NO TRADE!
If you're going to trade aggressive C patterns you need to be very fussy which ones you trade.
Barry
  • #4,465
  • Aug 9, 2013 7:15am Aug 9, 2013 7:15am
Because the range was so small I didn't even look for anything on the M5 chart. So I go to HTF.
Look at all the confluence in the rectangle. That's what I need to see to take a "C" trade.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-08-09-TOS_CHARTS.png Size: 54 KB

If price gets down there I'll watch PA for an entry.
Barry
  • #4,466
  • Aug 9, 2013 7:31am Aug 9, 2013 7:31am
Would i be correct in saying this could be an aggressive c entry on the USDJPY daily?

Attached Image (click to enlarge)
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  • #4,467
  • Aug 9, 2013 7:55am Aug 9, 2013 7:55am
Quoting Axlz
Would i be correct in saying this could be an aggressive c entry on the USDJPY daily? {image}
Yes it appears to qualify. It has some confluence in the zone and rejection at the RN.
Personally I don't trade the Daily. If I did I'd have to know something about the fundamentals of the pair, and I don't.
But as far as charts go it look like a descent entry, if it closes below the RN I'd be concerned.
Attached Image (click to enlarge)
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Barry
  • #4,468
  • Aug 9, 2013 8:01am Aug 9, 2013 8:01am
Here's a trade I will take. An ABCD completion in the C zone....if it gets there.
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-08-09-TOS_EU 2.png Size: 55 KB
Barry
  • #4,469
  • Aug 9, 2013 8:01am Aug 9, 2013 8:01am
Quoting Bary
{quote} Yes it appears to qualify. It has some confluence in the zone and rejection at the RN. Personally I don't trade the Daily. If I did I'd have to know something about the fundamentals of the pair, and I don't. But as far as charts go it look like a descent entry, if it closes below the RN I'd be concerned.{image}
the C is above creating a Lower High we expect a NSL . I don't trade daily either but hypothetically if I was short I would possibly look to get out here if structure does cause it to bounce up and look for another short, or stay short through it
  • #4,470
  • Aug 9, 2013 8:16am Aug 9, 2013 8:16am
Quoting Bary
Here's a trade I will take. An ABCD completion in the C zone....if it gets there.{image}

similar. looking for this C ... red fib is the 61.8
Attached Image (click to enlarge)
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  • #4,471
  • Aug 9, 2013 8:28am Aug 9, 2013 8:28am
Quoting FineForex
{quote} similar. looking for this C ... red fib is the 61.8 {image}

short..
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  • #4,472
  • Aug 9, 2013 8:40am Aug 9, 2013 8:40am
Quoting FineForex
{quote} short.. {image}

Looks good FF. I'm long
Attached Image (click to enlarge)
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Barry
  • #4,473
  • Aug 9, 2013 9:21am Aug 9, 2013 9:21am
Quoting FineForex
{quote} short.. {image}

and out.
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  • #4,474
  • Aug 9, 2013 10:13am Aug 9, 2013 10:13am
Quoting FineForex
{quote} and out. {image}
Nice trade. My long is not going as well.
Barry
  • #4,475
  • Edited 10:50am Aug 9, 2013 10:30am | Edited 10:50am
Bary I am still short on EU the overall 4hr AB=CD 1.3300(dont really like labeling patterns)

BTW: I trade whenever harmony shows up. HTF the better
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Empower Your Mind
  • #4,476
  • Aug 9, 2013 11:40am Aug 9, 2013 11:40am
Quoting Bary
{quote} Nice trade. My long is not going as well.

You did have a ABCD completion at structure so that's always good. In my opinion its on the aggressive side considering the relative projection from low to low marked by orange arrows indicating strong bearish orderflow. you got the retracement up to 61.8 which in bearish orderflow its TP2 according to Mr. Pips rules and good place to look for a short. there was some structure there too.

still had good chance to lock in 10 pips going long in a bear trend. not bad
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  • #4,477
  • Aug 9, 2013 12:15pm Aug 9, 2013 12:15pm
AUD/NZD 4hr Harmony Long Completing soon. Look for a pullback around 15000 level we'll see
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Empower Your Mind
  • #4,478
  • Aug 9, 2013 12:25pm Aug 9, 2013 12:25pm
Hello Everyone

I'm interested in harmony trading and hope to learn from you guys , I will read the thread

I just have been trying things here and there and saw this pattern that looked like BAT

So can anyone confirm, if it was a valid BAT setup for long off the 15M chart?

Signal entry, went lower time frame 5M and saw there was a pin bar at the confluence zone

I didn't take the trade though, just practicing an eye

Thanks
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I Have Learned to Take Some Losses to Make Profits
  • #4,479
  • Aug 11, 2013 9:55am Aug 11, 2013 9:55am
click on the picture you will not see error image
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Trading in the zone
  • #4,480
  • Aug 11, 2013 10:23am Aug 11, 2013 10:23am
things that need attention : PA, price action, s/r, confluence, proportion, tunes, event, swing ,model in the model , capital management.




What's missing???. completive please, thanks.
Trading in the zone
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