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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

  • #5,541
  • Dec 4, 2013 1:09am Dec 4, 2013 1:09am
Quoting Ras al Ghul
{quote} Looks like I might need to revisit my fib levels and projections for ABCD. I've been using the reciprocal ratios outlined by Scott Carney in Harmonic Trading Vol 1: C Point Retracement - 0.382 BC Projection - 2.24 or 2.618 C Point Retracement - 0.50 BC Projection - 2.0 C Point Retracement - 0.618 BC Projection - 1.618 C Point Retracement - 0.707 BC Projection - 1.41 C Point Retracement - 0.786 BC Projection - 1.27 C Point Retracement - 0.886 BC Projection - 1.13 He uses these for ABCD patterns. But from what I'm seeing elsewhere, like you...
this might help too

Attached File(s)
File Type: docx DCASTFX Advance Pattern Reference Guide Revised (1).docx   605 KB | 426 downloads
Never said I was Batman,all I'm saying is you'll never see us together.
  • #5,542
  • Dec 4, 2013 1:21am Dec 4, 2013 1:21am
lookin at euro possible buy around 1.3560 61.8 retrace and structure for aggressive c

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Never said I was Batman,all I'm saying is you'll never see us together.
  • #5,543
  • Dec 4, 2013 2:20am Dec 4, 2013 2:20am
Yesterday's cypher.
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  • #5,544
  • Edited 3:32am Dec 4, 2013 2:50am | Edited 3:32am
3 drives pattern + bat pattern.
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Loosing trade.
  • #5,545
  • Dec 4, 2013 7:10am Dec 4, 2013 7:10am
GM all. Here's my first trade of the day. Short at RN
1. Aggressive "C" sell zone of larger swing
2. AB=CD yellow lines show 2 of them actually
3. RN

SL 1.3616 TP 1.3581
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Barry
  • #5,546
  • Dec 4, 2013 7:17am Dec 4, 2013 7:17am
I wasn't considering the news. News driven quick profit +18
Barry
  • #5,547
  • Dec 4, 2013 7:36am Dec 4, 2013 7:36am
Quoting hao
{quote} update: the difficult conditions the price move. everything back! {image}
Last Update: more higher unexpected and commercial opportunities
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Click to Enlarge Name: $EURGBP (60 Min) 12_4_2013.jpg Size: 89 KB
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Trading in the zone
  • #5,548
  • Dec 4, 2013 7:37am Dec 4, 2013 7:37am
Quoting Bary
I wasn't considering the news. News driven quick profit +18
sick call man
  • #5,549
  • Dec 4, 2013 7:42am Dec 4, 2013 7:42am
Quoting FineForex
{quote} sick call man
just took long at double abcd completions at 3555



edit - stopped out quickly, had small stop because of the price momentum down

took the trade because of the risk/reward and the defined zone provided me with a realistic stop loss of only 8 pips.
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  • #5,550
  • Dec 4, 2013 8:06am Dec 4, 2013 8:06am
Quoting FineForex
{quote} just took long at double abcd completions at 3555 edit - stopped out quickly, had small stop because of the price momentum down took the trade because of the risk/reward and the defined zone provided me with a realistic stop loss of only 8 pips. {image}
Yes! sick call just before news. I could have gotten killed.
I actually keep part of my short and still riding it down!!
Your long at 1.3655 was aggressive as there was to much momentum, no PA for a long.
But you could say that about my short also.
Barry
  • #5,551
  • Dec 4, 2013 8:17am Dec 4, 2013 8:17am
Quoting Bary
{quote} Yes! sick call just before news. I could have gotten killed. I actually keep part of my short and still riding it down!! Your long at 1.3655 was aggressive as there was to much momentum, no PA for a long. But you could say that about my short also.
nice, must be killin it.

I was +14 before I took it so I had 8 to risk on a potential huge gain. sometimes price reverses with same momentum it approached with, if I didn't have pips to spare I might not have considered it
  • #5,552
  • Dec 4, 2013 8:20am Dec 4, 2013 8:20am
Quoting FineForex
{quote} nice, must be killin it. I was +14 before I took it so I had 8 to risk on a potential huge gain. sometimes price reverses with same momentum it approached with, if I didn't have pips to spare I might not have considered it
watching this set up in usdjpy. looking for entry short

abcd into bigger agro C zone with slowing momentum
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  • #5,553
  • Dec 4, 2013 8:31am Dec 4, 2013 8:31am
Waiting for a nsh or some thing before I get excited about a long. We have some angry bears right now . For once I didn't take any against trend trades yet, must be learning something... Glad some of you got the ride down. I started trading at 8:30 so no easy 20 for me but there's always next time . Good trading to all.
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Finally out of the shadows.
  • #5,554
  • Dec 4, 2013 8:40am Dec 4, 2013 8:40am
Quoting FineForex
{quote} watching this set up in usdjpy. looking for entry short abcd into bigger agro C zone with slowing momentum {image}
lets hope prices get here
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  • #5,555
  • Dec 4, 2013 8:45am Dec 4, 2013 8:45am
Quoting FineForex
{quote} lets hope prices get here {image}
damn totally missed it
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  • #5,556
  • Dec 4, 2013 8:46am Dec 4, 2013 8:46am
Not being proactive enough cost me. A bit of a tricky trade but one I passed due to not having my structure on the chart. Waiting for next opportunity.
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Finally out of the shadows.
  • #5,557
  • Dec 4, 2013 8:48am Dec 4, 2013 8:48am
This is actually the same trade I missed on the 13 . But at least I know why I missed it this time. These bounces can be quite violent.
Finally out of the shadows.
  • #5,558
  • Dec 4, 2013 8:49am Dec 4, 2013 8:49am
watching this now
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  • #5,559
  • Dec 4, 2013 8:54am Dec 4, 2013 8:54am
Morning folks here is a chart of how I traded the GBP/USD today. There will be 7 seven charts. Trying to write & take pics of chart as the trade progressed. Doing this is hard on 233 tick, so here is the charts after the trade was over. Cherish this time with Mr Pip and absorb all you can. Best of wishes to all !! P.S. Hang in there everyone this takes lots of chart time and emotional control to learn. Then one day you'll have that AHA MOMENT !!!!
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  • #5,560
  • Dec 4, 2013 8:55am Dec 4, 2013 8:55am
Quoting FineForex
watching this now {image}
shorter term possibility
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