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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

  • #7,461
  • Jan 13, 2014 12:15pm Jan 13, 2014 12:15pm
Quoting FineForex
{quote} same. awesome bro good job. im also gonna monitor that gold box as well. I will most likely refrain from trading this afternoon/tonight however
Good job.... weather sucks here so I'm looking to scalp a few this evening maybe. If she touches the top of my green box or bottom of my gold box I'll go short. If she hits the round number I'm going long. I started not to get out at the 61.8 and just lock in profit and follow her down to the round number......... But pips in the bank are always a good thing.
  • #7,462
  • Jan 13, 2014 12:22pm Jan 13, 2014 12:22pm
Quoting FineForex
{quote} hey we followed our rules and traded our plan. total win right there lol ... (As price is about to hit round number lol)
She is starting to stall so I'm gonna put a buy limit in at the daily low and look to get a couple pips going up. That is if she get's down that low......
  • #7,463
  • Jan 13, 2014 12:38pm Jan 13, 2014 12:38pm
She hit me......I'm headed north for a little bit. My green box might come back into play.....lolI have it on my radar.
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  • #7,464
  • Jan 13, 2014 12:42pm Jan 13, 2014 12:42pm
buy in eurusd with strategy
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  • #7,465
  • Jan 13, 2014 1:23pm Jan 13, 2014 1:23pm
Quoting Forexbuster
buy in eurusd with strategy {image}

almost there
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  • #7,466
  • Jan 13, 2014 1:25pm Jan 13, 2014 1:25pm
Quoting Forexbuster
{quote} almost there {image}

jackpot all profit hit !!
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  • #7,467
  • Jan 13, 2014 1:25pm Jan 13, 2014 1:25pm
Out at BE. So much for my scalping plan.....lol
  • #7,468
  • Jan 13, 2014 1:51pm Jan 13, 2014 1:51pm
Quoting kumaramy
{quote} . {image}
.
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-milkeyway
  • #7,469
  • Jan 13, 2014 7:45pm Jan 13, 2014 7:45pm
Quoting dpaulinla
Oh no, the bus is leaving without me..........{image} It's all good I've had a great day.....HAPPY HAPPY HAPPY
Nice work your entries are getting much better so is your reading and having an expectation. Your trading looks like it is suppose to look calm and in control. No rushing or chasing price around well done!
If you fail to plan, you plan to fail.
  • #7,470
  • Jan 13, 2014 7:50pm Jan 13, 2014 7:50pm
Quoting Mr. Pip
{quote} Nice work your entries are getting much better so is your reading and having an expectation. Your trading looks like it is suppose to look calm and in control. No rushing or chasing price around well done!
Thank you Sir
  • #7,471
  • Jan 13, 2014 8:01pm Jan 13, 2014 8:01pm
Quoting Mr. Pip
{quote} Nice work your entries are getting much better so is your reading and having an expectation. Your trading looks like it is suppose to look calm and in control. No rushing or chasing price around well done!
we got the NSH that I was expecting from LT orderflow.. didn't trade it it was a study lesson more importantly
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  • #7,472
  • Jan 13, 2014 8:03pm Jan 13, 2014 8:03pm
Quoting hao
hello traders. I have free time, today I will teach drawing Fib. Wish success !!! {image} {image} fib 38.2% {image} {image}
Hello Hao I have an issue with using drawings in that they are unrealistic and don't show a true components of what we are trying to accomplish. Please post real chart so traders can have a real visual. I also believe we are comfortable drawing Fib and your method of drawing the Fib is not the best way for this approach and not the way I work with Fibs. You started correctly them went in a direction I don't suggest you venture into.
If you fail to plan, you plan to fail.
  • #7,473
  • Jan 13, 2014 8:07pm Jan 13, 2014 8:07pm
Quoting FineForex
{quote} we got the NSH that I was expecting from LT orderflow.. didn't trade it it was a study lesson more importantly {image}
Excellent! Love it when a plan comes together. Lol
If you fail to plan, you plan to fail.
  • #7,474
  • Jan 13, 2014 8:24pm Jan 13, 2014 8:24pm
..
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  • #7,475
  • Jan 13, 2014 8:31pm Jan 13, 2014 8:31pm
Quoting FineForex
.. {image}
When I see that I just fall in love all over again. Just got to love this system!
If you fail to plan, you plan to fail.
  • #7,476
  • Jan 13, 2014 8:38pm Jan 13, 2014 8:38pm
Quoting FineForex
.. {image}

Good eye Fine
  • #7,477
  • Jan 13, 2014 10:59pm Jan 13, 2014 10:59pm
Quoting Mr. Pip
{quote} I see and understand your point. I will not say that I directly disagree with you...
I appreciate your reply. The points you raise are valid issues. I believe that we both see the issue pretty clearly, but perhaps differ a bit in our personal preference for how to approach this problem. I am reacting to a long history of doing it the other way, and with new data supporting this new approach. But I understand that all of us, in everything we do, are merely estimating what we believe will work. There isn't any way to be 100% sure with probabilistic issues.

So let us agree that this issue is a complex one that probably would be a good area for traders to investigate for themselves. I would suggest that beginning traders should do things as 'vanilla' as possible, and only after some experience consider changes. Folks with a bit more experience can come to their own conclusions, based on their own experiences.

Thanks for adding your take on this often neglected issue.
  • #7,478
  • Edited 4:08am Jan 14, 2014 3:51am | Edited 4:08am
Took this trade on the EU M5. My SL is 11 pips. Looks like we have some NSH, and a pullback to the 50% fib level. The up arrow is under the candle that had me pull the trigger for the trade. I feel like I had enough of a case to make this trade. Lets see what happens.

EDIT: Stopped out already. Maybe I choked this trade out with my SL. Is this a trade any of you would have been looking at? Any input from any of the pros would be much appreciated.
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Damn The Torpedoes, Full Speed Ahead!
  • #7,479
  • Jan 14, 2014 4:51am Jan 14, 2014 4:51am
Quoting DizzleFX
Took this trade on the EU M5. My SL is 11 pips. Looks like we have some NSH, and a pullback to the 50% fib level. The up arrow is under the candle that had me pull the trigger for the trade. I feel like I had enough of a case to make this trade. Lets see what happens. EDIT: Stopped out already. Maybe I choked this trade out with my SL. Is this a trade any of you would have been looking at? Any input from any of the pros would be much appreciated. {image}
I traded this short.

My biggest consideration here was the RN (1.3700). Price failed to hit it with any amount of strength, merely testing it twice. I think you entered on the start of the second test?

The lack of projection on the swing that first tested the RN, followed by the break of the previous swing high by a low close bearish candle that took out the entire strength of the previous bull candle (that tested the RN) was enough to trigger the entry for me.

I ran it with a tight stop just beyond the RN.

Hope that helps
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  • #7,480
  • Jan 14, 2014 4:54am Jan 14, 2014 4:54am
Alright, so I jumped on the same trade (EURUSD M5), but this time it closed between the 61.8 and 78.6. Never violating 78.6 fib level. Thoughts?
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Damn The Torpedoes, Full Speed Ahead!
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