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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

  • #7,221
  • Jan 7, 2014 9:06am Jan 7, 2014 9:06am
TP hit +20
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Barry
  • #7,222
  • Jan 7, 2014 9:08am Jan 7, 2014 9:08am
This trade I posted, I think i got away with... took 25 pips profit... but I took my entry in a hurry... maybe because I looked at more than 1 TF chart, 4H chart was showing strong uptrend and in the 5M TF it was not clear so in hurry i considered the fall in price as opp. to buy... my SL was 1.6375, it was not hit and moved up to 1.6438 thought would go up but saw a strong bear moves, so thought would be better to exit the trade... exit at 1.6424

This was all momentum and price action trade for me as i stuck to the screen expecting the price... else might have had exited around 80 level...
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  • #7,223
  • Jan 7, 2014 9:10am Jan 7, 2014 9:10am
Quoting dpaulinla
While crying over spilt milk I missed my entry here. There is confluence to the left at prize not shown. My bread and butter is the C-D trades and short term order flow is up. However since longer term order flow is down I might just have to get it on the way down. Let's see if it gets there. {image}

Hey dpaul....I hate when that happens!. Oh well there will be more trades.
Barry
  • #7,224
  • Jan 7, 2014 9:16am Jan 7, 2014 9:16am
Quoting dpaulinla
While crying over spilt milk I missed my entry here. There is confluence to the left at prize not shown. My bread and butter is the C-D trades and short term order flow is up. However since longer term order flow is down I might just have to get it on the way down. Let's see if it gets there. {image}

Look like the UJ blew thru structure and your PRZ.
If I was watching I may have shorted @ 104.60 area. Glad I didn't.
Now maybe look for a short up around 105
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Barry
  • #7,225
  • Jan 7, 2014 9:20am Jan 7, 2014 9:20am
At work so pulled the trigger going down earlier than I usually like since I can't always monitor minute by minute. If I can get past that black line I might be able to make something today. Keeping my fingers
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crossed.
  • #7,226
  • Jan 7, 2014 9:31am Jan 7, 2014 9:31am
Quoting Starry
{quote}
What do you say about this ?
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-milkeyway
  • #7,227
  • Jan 7, 2014 9:53am Jan 7, 2014 9:53am
Quoting Bary
{quote} Look like the UJ blew thru structure and your PRZ. If I was watching I may have shorted @ 104.60 area. Glad I didn't. Now maybe look for a short up around 105 {image}
Yeah I was a couple pips off and she's taking her sweet time bout coming down but I'm looking for the love.....lol. Now, come to daddy.
  • #7,228
  • Jan 7, 2014 9:56am Jan 7, 2014 9:56am
Quoting Bary
{quote} You don't show your trade so we can't comment on it. Entry/exit?
Yes..my entry was on aud yen long in the box area at gartley prz...
I didnt entered the usd cad because I saw that was againt orderflow...
  • #7,229
  • Jan 7, 2014 10:07am Jan 7, 2014 10:07am
Quoting kumaramy
{quote} What do you say about this ? {image}

I see some confluence and a support line, so I think it would be risky for me to take.

On the other hand, we have a weak retracement and then a deep projection on larger momentum, so this indicates bearish action.

However, bears seem to have failed to take it lower on the second retest (double bottom), and price didnt make a new structure low, so I may expect a wavy bottom as bears and bulls fight it out.

I am not sure, however (i do not yet have enough experience), I would like to hear others perspectives on this chart, based on mr pip's expecations.

edit: on the other hand, price action does seem to indicate bearish price action .
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  • #7,230
  • Jan 7, 2014 10:08am Jan 7, 2014 10:08am
Quoting vqtrader
HAPPY 2014 Everyone. I pop in from time to time when I get a minute. Good Job! and welcome new comers. Look for bullish intent about 400pips up on the NZD/USD on the break of 8300.
Great to see you around.
Best time to plant a tree was 20 years ago, second best is now
  • #7,231
  • Jan 7, 2014 10:25am Jan 7, 2014 10:25am
Quoting dpaulinla
At work so pulled the trigger going down earlier than I usually like since I can't always monitor minute by minute. If I can get past that black line I might be able to make something today. Keeping my fingers{image} crossed.
You can i just short UJ now!
  • #7,232
  • Jan 7, 2014 10:29am Jan 7, 2014 10:29am
Quoting kumaramy
Long on EU. 61% fib. Decreasing strength to downside. {image}
Long term order flow suggests a shallow pull back and a continuance to the downside.
  • #7,233
  • Jan 7, 2014 10:30am Jan 7, 2014 10:30am
Quoting kumaramy
{quote} What do you say about this ? {image}

Me i see weakness
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  • #7,234
  • Jan 7, 2014 10:43am Jan 7, 2014 10:43am
Quoting dpaulinla
At work so pulled the trigger going down earlier than I usually like since I can't always monitor minute by minute. If I can get past that black line I might be able to make something today. Keeping my fingers{image} crossed.



You can, i just short UJ now!

  • #7,235
  • Jan 7, 2014 10:55am Jan 7, 2014 10:55am
Is this bat okey to short ?
GBP/CAD
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  • #7,236
  • Jan 7, 2014 11:21am Jan 7, 2014 11:21am
Quoting LuisPrinc
Is this bat okey to short ? GBP/CAD {image}
This is not any valid pattern.
For Bat, B should be at 50% of XA.
For Gartley, B should be at 61% of XA and C should be at 61% of AB.
-milkeyway
  • #7,237
  • Jan 7, 2014 11:24am Jan 7, 2014 11:24am
Quoting kumaramy
{quote} This is not any valid pattern. For Bat, B should be at 50% of XA. For Gartley, B should be at 61% of XA and C should be at 61% of AB.

Yes...this is right ! sorry for this.
  • #7,238
  • Jan 7, 2014 11:26am Jan 7, 2014 11:26am
A 100% retracement of the larger swing. I should have stayed in longer cause it's still going down. Oh well, no use getting greedy and it's lunch time. I was inching my SL down but when it got to my TP zones it blew through so I monitored it closely and at 100% of the overall swing I tapped out. Have a great weekend everyone.
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  • #7,239
  • Jan 7, 2014 11:30am Jan 7, 2014 11:30am
Update, it turned while I was posting. I could have squeezed a couple more pips out of it but like I said no use getting greedy. It was coming into some confluence anyways.
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  • #7,240
  • Jan 7, 2014 11:49am Jan 7, 2014 11:49am
Quoting dpaulinla
A 100% retracement of the larger swing. I should have stayed in longer cause it's still going down. Oh well, no use getting greedy and it's lunch time. I was inching my SL down but when it got to my TP zones it blew through so I monitored it closely and at 100% of the overall swing I tapped out. Have a great weekend everyone.{image}

Well my own party just started
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