Ratios & Harmonics: a Different Way to Trade

Quoting TheScorpS

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Potential EJ BAt pattern on the H1, entered the C aggressive on failing to close above 61.8 But cant figure how to set stop loss and take profit on Ninja Trader, tried for the last few days online and youtube but still, I see that in the Dom window there's no Forex instruments to choose from {image} {image}

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Quoting Bary

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{quote} You have to go into instrument manager. I think it's in control center and tools. You can add it there but it also depends on your data feed, which broker do you have{image}

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Quoting kumaramy

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Gold : this was my analysis of buying at D What was wrong with that? {image}

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Quoting kumaramy

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It is a gartly, isn't it ? {image}

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Quoting horuxito

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{quote} Not at all a Gartley, at least not the D completion which should be near to the X level. Please. Always print your ratios, otherwise we can't say. I went to my charts and I see a possible Gartley to the upside with Supply Confluence and ABCD when (if) price gets there. {image}

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Quoting kumaramy

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{quote} Why i am doing mistakes

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Quoting horuxito

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{quote} Cheer up! You are doing your effort. Maybe you should review some of the concepts that's all. Here, the Rules of Engagement for the Gartley: http://www.forexfactory.com/showthread.php?p=6376835#post6376835

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Quoting horuxito

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{quote} Cheer up! You are doing your effort. Maybe you should review some of the concepts that's all. Here, the Rules of Engagement for the Gartley: http://www.forexfactory.com/showthread.php?p=6376835#post6376835

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Quoting kumaramy

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{quote} The gartly i shown was a bullish gartly.

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Quoting kumaramy

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{quote} I was wrong. D was not at the 127% extension of AB.

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Quoting horuxito

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{quote} Yeah, well, the only problem is that was not a Gartley. The D completion has to form an ABCD with a 127.2% extension of AB and confluence with 78.6% of XA. Your first triangle only has a 50%, so that invalidates a Gartley. You'd had a valid retracement if you merged both triangles, however you wouldn't be trading a Gartley in that case but an aggressive C. Besides, even if you would had a Garley, price was going up already, which puts you in a very exposed situation in R:R terms.

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Quoting kumaramy

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{quote} Sometimes price retraces from 61, sometime 78, sometimes 88. How to indentify it ? and How to know how long it would run after retrace ?

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Quoting horuxito

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I am not particularly a pattern seeker, but hey, if you can spot one easily, why not! Here is a possible Gartley Pattern in the GBPUSD with a lot of confluence in case price decides to go up and complete the magent ABCD. Red rectangles in my picture are supply areas. There is the first exactly where the Gartley is suppose to complete. Price would also be trading near daily resistance wich is good if I have intentions for going short. Price is hesitating a little to complete the ABCD journey right now, which could also mean that I will either get...

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Quoting horuxito

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{quote} That will depend on basically what dimension are we talking about. If to get to that 618 or whatever ratio you had harmonic AB=CD moves, then you have a confluenced entry. You are, say, aggressive from a higher timeframe perspective, while you are just being conservative from the lower timeframe view since you are taking a PRZ at D. So if you combine both elements I think you have better chances. I particularly don't take aggressive C's just because. I need to see harmonic moves to that C along the way. My favorites are those runs where...

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Quoting kumaramy

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{quote} And Mr. Pip was saying something about round numbers. What does round numbers mean ?

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