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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

  • #6,101
  • Dec 16, 2013 7:04am Dec 16, 2013 7:04am
Quoting FineForex
{quote} entered short off structure bounce {image}
Yep I am with you on this, entered 30 mins ago at 102.97, got my TP at 102.74
  • #6,102
  • Dec 16, 2013 7:10am Dec 16, 2013 7:10am
Cypher pattern with ab=cd.
Attached Image (click to enlarge)
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  • #6,103
  • Dec 16, 2013 7:10am Dec 16, 2013 7:10am
Quoting PipTrendz
{quote} Yep I am with you on this, entered 30 mins ago at 102.97, got my TP at 102.74
nice! lets hope it turns back around soon
  • #6,104
  • Dec 16, 2013 7:16am Dec 16, 2013 7:16am
@FineForex: where would you place your SL here?

I found structure at 1.38 in EU with swing extension to the 161.8% exhaustion area.. so it's like if I entered where the stops were supposed to be. Entered at 1.3792.

Year's high is at 1.3810.

Attached Image (click to enlarge)
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Best time to plant a tree was 20 years ago, second best is now
  • #6,105
  • Dec 16, 2013 7:18am Dec 16, 2013 7:18am
Quoting IenDzi
Cypher pattern with ab=cd. {image}
That's nice! I am not very familiar with cypher, but knowing that is present encourages me for my current short position I noticed the AB=CD with exhaustion at 161.8%
Best time to plant a tree was 20 years ago, second best is now
  • #6,106
  • Dec 16, 2013 7:21am Dec 16, 2013 7:21am
Entered EU short.

Reasons :
1] ABCD Meganta completion.
2] 88.6 % fib mesurement of leg AB (of yellow)

Please comment.
Thanks
Attached Image (click to enlarge)
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-milkeyway
  • #6,107
  • Dec 16, 2013 7:25am Dec 16, 2013 7:25am
Quoting kumaramy
Entered EU short. Reasons : 1] ABCD Meganta completion. 2] 88.6 % fib mesurement of leg AB Please comment. Thanks {image}
Just an aclaration. We are trading an AB=CD not an ABCD.

The ABCD has to fall in a 618-786 retracement and right now we are taking it from a 50%.

You can also find confluence with the supply zone around 1.38 if you go back in time.

We don't talk much about it but we are also at daily resistance (pivots), and also around round number.

As a trader pointed out above we also have the completion of a cypher pattern.

Sometimes you won't analyze all these things, but the more ingredients you put to your trade the better.
Best time to plant a tree was 20 years ago, second best is now
  • #6,108
  • Dec 16, 2013 7:30am Dec 16, 2013 7:30am
stops almost hit on both
  • #6,109
  • Dec 16, 2013 7:32am Dec 16, 2013 7:32am
Quoting FineForex
{quote} hey I happen to be against you, jumped in long here at structure line short leash {image}
You might be right. But the bullish momentum has finished a little. At least the 1 hour candle lost a lot of its bullish strength. If it gets to 38% retracement of AD I'll move it to BE and everyone happy
Best time to plant a tree was 20 years ago, second best is now
  • #6,110
  • Dec 16, 2013 7:33am Dec 16, 2013 7:33am
Quoting FineForex
stops almost hit on both
yeah -4 in yen -8 in gbp whatever on to the next one
  • #6,111
  • Dec 16, 2013 7:44am Dec 16, 2013 7:44am
Quoting PipTrendz
{quote} Yep I am with you on this, entered 30 mins ago at 102.97, got my TP at 102.74
it still has a shot of going
  • #6,112
  • Dec 16, 2013 7:49am Dec 16, 2013 7:49am
Quoting horuxito
{quote} Just an aclaration. We are trading an AB=CD not an ABCD. The ABCD has to fall in a 618-786 retracement and right now we are taking it from a 50%. You can also find confluence with the supply zone around 1.38 if you go back in time. We don't talk much about it but we are also at daily resistance (pivots), and also around round number. As a trader pointed out above we also have the completion of a cypher pattern. Sometimes you won't analyze all these things, but the more ingredients you put to your trade the better.

And there is a bearish bat pattern on daily TF.
  • #6,113
  • Dec 16, 2013 7:55am Dec 16, 2013 7:55am
Quoting IenDzi
{quote} And there is a bearish bat pattern on daily TF.
Well, even better, but that is a little beyond my horizon, since the PRZ is bigger and maybe my SL is inside that area.

Risk free trade in both GU and EU now! Both have achieved the 38.2% of A to D.

EURUSD 6-pip range bars:

Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-b.png Size: 51 KB


GBPUSD 6-pip range bars:

Attached Image (click to enlarge)
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Best time to plant a tree was 20 years ago, second best is now
  • #6,114
  • Dec 16, 2013 7:58am Dec 16, 2013 7:58am
It's time to move SL to BE, because after two minutes high impact news.
  • #6,115
  • Dec 16, 2013 8:00am Dec 16, 2013 8:00am
Quoting kumaramy
Entered EU short. Reasons : 1] ABCD Meganta completion. 2] 88.6 % fib mesurement of leg AB (of yellow) Please comment. Thanks {image}

I wasn't at my puter so I entered a limit order and it missed me by a pip!!
Nice trade.
Barry
  • #6,116
  • Dec 16, 2013 8:39am Dec 16, 2013 8:39am
commercial opportunities, which may in future stop earlier than expected trade.
Attached Image (click to enlarge)
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Trading in the zone
  • #6,117
  • Dec 16, 2013 8:44am Dec 16, 2013 8:44am
Quoting hao
commercial opportunities, which may in future stop earlier than expected trade. {image}
im looking at this too, it could very well play out this way
  • #6,118
  • Dec 16, 2013 9:11am Dec 16, 2013 9:11am
Not loving any opportunities right now
  • #6,119
  • Dec 16, 2013 9:22am Dec 16, 2013 9:22am
Quoting FineForex
Not loving any opportunities right now
What about a short refill at 1.3780/85 in EU? (if price gets there...)
Best time to plant a tree was 20 years ago, second best is now
  • #6,120
  • Dec 16, 2013 9:27am Dec 16, 2013 9:27am
would advise selling euro at this point. thinking it will break 13800 soon. tomorrow if not today.
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