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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

  • #6,261
  • Dec 18, 2013 7:18am Dec 18, 2013 7:18am
Quoting Bary
{quote} Yes. I hope to be at my puter this afternoon to watch the excitement.
do you try to participate? or too risky
  • #6,262
  • Dec 18, 2013 7:42am Dec 18, 2013 7:42am
Quoting FineForex
{quote} do you try to participate? or too risky

I definitely don't recommend it.
But some times I play with it. If it spikes in one direction I might fade it in a S/D zone or I might enter at 50% retrace in direction of spike.
I usually do that with futures.
Barry
  • #6,263
  • Dec 18, 2013 7:44am Dec 18, 2013 7:44am
Quoting Bary
{quote} Hey Bronco, You just described me and most traders perfectly. That is why most traders fail! I still now and then fall back into that mentality. You have to overcome that to be consistent and it's not easy. What helped me was I started thinking about this as a business. A business owner would not treat his money like that. Also before and during every trade I try to think like I'm trading my kids money. Would I risk their money on that trade? Same question during the trade especially if it goes against you. Losing trades are part of the...
Thanks Bary.
  • #6,264
  • Dec 18, 2013 7:44am Dec 18, 2013 7:44am
Quoting FineForex
{quote} out of both positions for a couple pips. Croc Trading needs to resume lol ... now watch these both fly up

looks like you would have had a winner and a loser.
Barry
  • #6,265
  • Dec 18, 2013 9:55am Dec 18, 2013 9:55am
Hey guys!

Tough morning for me. I guess news was released and widened my stops a bit causing me to get stopped out @ 10 when my ninja feed only went about 7 pips against my position. So I'll have to widen my emergency stop to include spread.

The second position was emotional and I may have gotten 5 or so out after the expected bounce @ S after the strong move up. Got emotional here entered almost at the top then the other bar spooked me and I pulled early. After my shower I came back to a pin off R and didn't take it due to the momentum up If I had been present I may have jumped on it due to anticipation and projection; the risk reward was great. Looks like it was the Agro C I was expecting.

Done for the day so hope you all did well. Cheers.
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD (233 Tick) 18_12_2013.jpg Size: 95 KB
Finally out of the shadows.
  • #6,266
  • Edited 10:20am Dec 18, 2013 10:09am | Edited 10:20am
Well I am getting some quite funny results here.

Took the long on the GBPUSD when it closed with a new high and thought it was about to TP (trade is the yellow line, still active).

Then I step away from my station for a bit and doing some other things, come back and my TP missed by 1/10 of a pip, could not get closer. Then it missed my SL by 4/10 of a pip (had trailed this as noticed some weakness so wanted to lock in some profit).

Well it is still live, just so we will see if it gets back up to my TP.

This has been the only real trade of the day, had an earlier one for 1 pip and that is it.

One a positive, I have just got access to Ninja Trader so going to have a play with that but it already looks a lot cleaner so happy!!

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 5M Close.png Size: 19 KB


Edit: Yeah ended up stopping out with a 19 pip gain although should have been 35 if is wasn't for that 1/10th of a pip
  • #6,267
  • Dec 18, 2013 10:31am Dec 18, 2013 10:31am
Bulls trying to break 3785 very desperately
-milkeyway
  • #6,268
  • Dec 18, 2013 10:44am Dec 18, 2013 10:44am
It should be a good trade.
Attached Image (click to enlarge)
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  • #6,269
  • Dec 18, 2013 10:51am Dec 18, 2013 10:51am
Battle of candle a won by bears.
Bulls tried to take price up very desperately at battle of candle b but couldn't close above 50 % of candle a. Also have some rejection from the upside.
Now it would be interesting to see what further candles do.
Attached Image (click to enlarge)
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-milkeyway
  • #6,270
  • Dec 18, 2013 10:57am Dec 18, 2013 10:57am
Quoting IenDzi
It should be a good trade. {image}
Better sell around 103.35
Attached Image (click to enlarge)
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-milkeyway
  • #6,271
  • Dec 18, 2013 11:22am Dec 18, 2013 11:22am
Quoting Bary
{quote} looks like you would have had a winner and a loser.
yes I was aware of the golden zone below on eurusd for a more appropriate ABCD. I just got up from a nice solid nap lol.

coulda made a killing but hey its all good
  • #6,272
  • Edited 11:44am Dec 18, 2013 11:29am | Edited 11:44am
Quoting kumaramy
Using this indicator just for testing purpose. This may work wrong. It is showing increasing momentum to the downside and equal or decreasing momentum to the upside. {image}
Edit: I will post my opinion about ZZ in my journal to maintain this thread indicator's free.
Best time to plant a tree was 20 years ago, second best is now
  • #6,273
  • Dec 18, 2013 11:36am Dec 18, 2013 11:36am
Merry Christmas All and Happy New Year !!! Wish you all the best! I'm done trading for the year. Not the best year trading for me. It's been a long year of study and chart time. I finished the year (-41%) + (-5% from a fund manager) so total (-46%). Won't be in business long at this rate. BYE ALL
  • #6,274
  • Dec 18, 2013 11:36am Dec 18, 2013 11:36am
Quoting horuxito
{quote} Hello kumaramy, Listen, used wisely, why not? Here's the thing: ZigZag indicators have a lagging nature. What does this mean? That the current swing presented by the indicator isn't finished yet so it shouldn't be taken into consideration until you get a new ZZ line and the previous gets officialy established. ZigZag can help you see what swings you missed during your analysis. For example, you might be trading an ABCD but probably there was the start of a Gartley pattern which adds even more strength to the trade you're about to take. I...
hey if you could please keep the ZZ in your journal
  • #6,275
  • Dec 18, 2013 11:43am Dec 18, 2013 11:43am
Quoting 76bronco
Merry Christmas All and Happy New Year !!! Wish you all the best! I'm done trading for the year. Not the best year trading for me. It's been a long year of study and chart time. I finished the year (-41%) + (-5% from a fund manager) so total (-46%). Won't be in business long at this rate. BYE ALL
Happy Holidays to you to Bronco! We only got cracking on this thread in the last 2 months or so but next year will be different thanks for your contributions

We know you can trade bro we will all make it to the promised land of consistent profitability, I myself am not there either Ive had a couple rogue days too lol

Have fun relax and do some soul searching on those emotions
  • #6,276
  • Dec 18, 2013 11:45am Dec 18, 2013 11:45am
Quoting FineForex
{quote} hey if you could please keep the ZZ in your journal
Best time to plant a tree was 20 years ago, second best is now
  • #6,277
  • Dec 18, 2013 11:45am Dec 18, 2013 11:45am
Quoting FineForex
{quote} Happy Holidays to you to Bronco! We only got cracking on this thread in the last 2 months or so but next year will be different thanks for your contributions We know you can trade bro we will all make it to the promised land of consistent profitability, I myself am not there either Ive had a couple rogue days too lol Have fun relax and do some soul searching on those emotions
Thanks bro, Wish Ya the best!!!
  • #6,278
  • Dec 18, 2013 12:11pm Dec 18, 2013 12:11pm
Hello Everyone

Looking at this Kiwi 15m chart. Is this a AB=CD completion.
Attached Image (click to enlarge)
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  • #6,279
  • Dec 18, 2013 12:13pm Dec 18, 2013 12:13pm
Right that is me done for the day.

Got lots on tomorrow, for starters it is my birthday!!!(so the markets will know this and go in my favor all day!!)

  1. Got a few videos to watch (Mr Pips live trade and a charting video for Ninja Trader so I know how to work it properly)
  2. Put some money into a live account
  3. TRADE AND PROFIT (I hope)

See you all tomorrow.

  • #6,280
  • Dec 18, 2013 12:22pm Dec 18, 2013 12:22pm
Quoting 76bronco
Merry Christmas All and Happy New Year !!! Wish you all the best! I'm done trading for the year. Not the best year trading for me. It's been a long year of study and chart time. I finished the year (-41%) + (-5% from a fund manager) so total (-46%). Won't be in business long at this rate. BYE ALL
Happy Holidays Bro! Soon to be a new year with a fresh start. We'll be here next year to help you along.
Finally out of the shadows.
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