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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

  • #6,361
  • Dec 19, 2013 9:40am Dec 19, 2013 9:40am
AGGRESIVE C
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  • #6,362
  • Dec 19, 2013 9:46am Dec 19, 2013 9:46am
Quoting Bary
{quote} Order flow is bearish but could be changing. You have 2 HL's but I personally want confirmation with a NSH. Then take it long on a pullback I don't see any confluence other than the small AB=CD. It is similar to the trade Mr Pip took and had to explain his entry so you might be good to go. I see NSH as I write.

Yea I thought this too Bary, fair play Forexbuster, played out well for you.

Both my trades hit TP for +10 pips on each so I am about BE for the day, so a little better now.

Time to look back at the charts to see what is happening.
  • #6,363
  • Dec 19, 2013 9:54am Dec 19, 2013 9:54am
buying on eur baby

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  • #6,364
  • Dec 19, 2013 9:57am Dec 19, 2013 9:57am
Quoting Forexbuster
buying on eur baby {image}
Some very risky trades here against order flow!

Are you following your rules?
  • #6,365
  • Dec 19, 2013 9:58am Dec 19, 2013 9:58am
Quoting Forexbuster
buying on eur baby {image}
I'm still in a short on that...
  • #6,366
  • Dec 19, 2013 10:02am Dec 19, 2013 10:02am
Quoting FineForex
short gbpusd {image} walking out, not far from stop will update on the run
As per my rules moved stop to BE after price hit point B.

Out BE.... Flat on the day good luck for remainder to you guys
  • #6,367
  • Dec 19, 2013 10:04am Dec 19, 2013 10:04am
It's double bottom now on EURUSD, so orderflow is up for the short term.
  • #6,368
  • Dec 19, 2013 10:04am Dec 19, 2013 10:04am
Quoting horuxito
{quote} I'm enjoying your progress, keep it up!
Thanks.
-milkeyway
  • #6,369
  • Dec 19, 2013 10:10am Dec 19, 2013 10:10am
Bears are exhausted in the EURUSD, but careful. There is a huge amount of empty space below that double bottom.

I want to jump in long, waiting my momenth though.
Best time to plant a tree was 20 years ago, second best is now
  • #6,370
  • Edited 11:10am Dec 19, 2013 10:10am | Edited 11:10am
This is one more trade.
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-milkeyway
  • #6,371
  • Dec 19, 2013 10:16am Dec 19, 2013 10:16am
Decreasing momentum to the upside. white
Increasing momentum to the downside. red
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-milkeyway
  • #6,372
  • Dec 19, 2013 10:31am Dec 19, 2013 10:31am
Is this a Bat ?
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Even though I walk through the darkest valley, I will fear no evil
  • #6,373
  • Dec 19, 2013 10:43am Dec 19, 2013 10:43am
I had this ABCD today +30 pips. Any comments would be welcome

I had also diver on RSI, on the entry
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Even though I walk through the darkest valley, I will fear no evil
  • #6,374
  • Dec 19, 2013 10:48am Dec 19, 2013 10:48am
Isn't it a decreasing momentum to the downside ?
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-milkeyway
  • #6,375
  • Dec 19, 2013 10:49am Dec 19, 2013 10:49am
Quoting monocor
I had this ABCD today +30 pips. Any comments would be welcome I had also diver on RSI, on the entry {image}

Looks like a good trade there.
  • #6,376
  • Dec 19, 2013 10:57am Dec 19, 2013 10:57am
Quoting kumaramy
Isn't it a decreasing momentum to the downside ? {image}
Nope. That is London close calmed period of time in a choppy day after a big FOMC storm the previous day.

Besides decreasing momentum needs to be observed in swing impulses going towards a price level. You cannot talk of momenum contained in the same range. Remember momentum is a combo of rejection and projection, combined with horizontal space. Those things provide our slope.
Best time to plant a tree was 20 years ago, second best is now
  • #6,377
  • Dec 19, 2013 10:57am Dec 19, 2013 10:57am
Quoting monocor
Is this a Bat ? {image}
No it is not. It can be one in the future but harmonic pattern is not a pattern until it completes ;-)
It can be Gartley or ABCD or Bat or ...
now it can go everywhere.
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I will wait...
  • #6,378
  • Dec 19, 2013 11:02am Dec 19, 2013 11:02am
Quoting monocor
I had this ABCD today +30 pips. Any comments would be welcome I had also diver on RSI, on the entry {image}
I took profit 30 pips, may be I could wait for the completion of bigger ABCD or Bat
Even though I walk through the darkest valley, I will fear no evil
  • #6,379
  • Dec 19, 2013 11:07am Dec 19, 2013 11:07am
Quoting bkd
{quote} No it is not. It can be one in the future but harmonic pattern is not a pattern until it completes ;-) It can be Gartley or ABCD or Bat or ... now it can go everywhere. {image} I will wait...
I will wait too. You are right we can say only on the pattern completion

There was only 50% retracement of XA on my swing, I think it is a bat. Or I didn't take the swing right

With your chart, it is Gartley with nice ABCD complition
Even though I walk through the darkest valley, I will fear no evil
  • #6,380
  • Dec 19, 2013 11:07am Dec 19, 2013 11:07am
Quoting horuxito
{quote} Nope. That is London close calmed period of time in a choppy day after a big FOMC storm the previous day. Besides decreasing momentum needs to be observed in swing impulses going towards a price level. You cannot talk of momenum contained in the same range. Remember momentum is a combo of rejection and projection, combined with horizontal space. Those things provide our slope.
What is your view about my GBPJPY trade. ?
-milkeyway
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