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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

  • #7,481
  • Jan 14, 2014 4:59am Jan 14, 2014 4:59am
Quoting itinerant
{quote} 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 {image}
Ahh, didn't even see the RN! Thanks for the input.
Damn The Torpedoes, Full Speed Ahead!
  • #7,482
  • Jan 14, 2014 5:06am Jan 14, 2014 5:06am
Quoting DizzleFX
{quote} Ahh, didn't even see the RN! Thanks for the input.
Glad to help!
  • #7,483
  • Jan 14, 2014 5:45am Jan 14, 2014 5:45am
First of all, big thanks to Mr.Pip for starting this thread, it helped me tremendously.

Since Im new to technical analysis and trading I just wondered if anyone had a link to a glossary explaining some terminology like RN, NHS, LH etc.
Rise and rise again until lambs become lions
  • #7,484
  • Jan 14, 2014 6:16am Jan 14, 2014 6:16am
Quoting Mr_Burns
First of all, big thanks to Mr.Pip for starting this thread, it helped me tremendously. Since Im new to technical analysis and trading I just wondered if anyone had a link to a glossary explaining some terminology like RN, NHS, LH etc.
Google will be your friend, but I'll help out with some of the most common ones:

RN = Round Number (1.3700, 1.3800, 1.3900 etc)
SH = Swing High (generally speaking, a bar high which has lower highs on the bars either side of it)
SL = Swing Low
HH = Higher High (as in "a higher swing high than the previous swing high)
LH = Lower High
HL = Higher Low
LL = Lower Low
NSH = New Structure High
NSL = New Structure Low
  • #7,485
  • Jan 14, 2014 6:22am Jan 14, 2014 6:22am
Quote
Google will be your friend, but I'll help out with some of the most common ones:

RN = Round Number (1.3700, 1.3800, 1.3900 etc)
SH = Swing High (generally speaking, a bar high which has lower highs on the bars either side of it)
SL = Swing Low
HH = Higher High (as in "a higher swing high than the previous swing high)
LH = Lower High
HL = Higher Low
LL = Lower Low
NSH = New Structure High
NSL = New Structure Low

Thank you!
Rise and rise again until lambs become lions
  • #7,486
  • Jan 14, 2014 6:24am Jan 14, 2014 6:24am
EJ H1 trade, pa was strengthening to the upside and break above and close above BRN 141

So expectation for CD leg continuation, following momentum when London Open , pa retrace a little before completing the AB=CD leg

Also bears was loosing momentum , with no projection and deep pullback, so expectation to the upside
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I Have Learned to Take Some Losses to Make Profits
  • #7,487
  • Jan 14, 2014 7:04am Jan 14, 2014 7:04am
my eurusd trade today

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  • #7,488
  • Jan 14, 2014 7:09am Jan 14, 2014 7:09am
Gm Traders
Missed alot of yesterday. Looked like alot of nice trades. Hope to be around for few hrs today.
Took an agrs "C" short on the EU at the red arrow. Possible small bearish AB=CD so not expecting alot out of this trade.
Momentum inc. to down side with NSL and a little structure. TP @ 1.3660

Edit. Forexbuster! I didn't see your post till after mine. Same trade I see.
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Barry
  • #7,489
  • Jan 14, 2014 7:15am Jan 14, 2014 7:15am
Morning all,
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  • #7,490
  • Jan 14, 2014 7:23am Jan 14, 2014 7:23am
Quoting FineForex
Morning all, {image}

GM Fine,
I watching the same with a possible short up near the RN
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Barry
  • #7,491
  • Jan 14, 2014 7:24am Jan 14, 2014 7:24am
Quoting Forexbuster
my eurusd trade today {image}

good morning all hopefully this trade work out just wake up

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  • #7,492
  • Jan 14, 2014 7:26am Jan 14, 2014 7:26am
High impact USD news in 5 mins (for those who monitor it)
  • #7,493
  • Jan 14, 2014 7:33am Jan 14, 2014 7:33am
Quoting itinerant
High impact USD news in 5 mins (for those who monitor it)
Came up good for USD... giving a nice spike down on EU for those in short positions
  • #7,494
  • Jan 14, 2014 7:38am Jan 14, 2014 7:38am
Quoting itinerant
{quote} Came up good for USD... giving a nice spike down on EU for those in short positions

Here's a good example of mismanaged trade!!
It spiked down to my TP but didn't take my limit order. So it came back up and hit my SL at BE.
Damn, it was a nice trade but I blew it, should of had my finger on the trigger to get out when it spiked down.
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Barry
  • #7,495
  • Jan 14, 2014 7:48am Jan 14, 2014 7:48am
Quoting Forexbuster
{quote} good morning all hopefully this trade work out just wake up {image}

close my selling trade before hitting the trade bec it wont hit my tp so i buy on eurusd now


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  • #7,496
  • Jan 14, 2014 8:19am Jan 14, 2014 8:19am
looks like eurusd momentum could have turned to the bulls
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  • #7,497
  • Jan 14, 2014 8:21am Jan 14, 2014 8:21am
Quoting FineForex
Morning all, {image}
out BE on this after a lil roller coaster
  • #7,498
  • Jan 14, 2014 8:23am Jan 14, 2014 8:23am
Quoting Bary
{quote} GM Fine, I watching the same with a possible short up near the RN {image}
exactly what I was looking what . looking rough up here tho

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it is more likely to break than to the downside however somethings gotta give
  • #7,499
  • Jan 14, 2014 8:34am Jan 14, 2014 8:34am
Comments :

In the consolidation between two white lines, before reaching the yellow line, price had strong down momentum in 1st red line.
After bouncing previous resistance as support at yellow line, Price momentum changed. Strong up momentum now started after yellow line in 1st Green line and down momentum was not so strong after yellow line in 2nd red line. . 2nd Green line again showed strong up momentum.

This indicates momentum changed it's side from seller's to buyer's after yellow line.
So, I am with buyers right now and checking whether is analysis works or not.

What is your observation for this consolidation ? I want more new ideas for the consolidation to decide where the price can go after consolidation.
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-milkeyway
  • #7,500
  • Jan 14, 2014 8:36am Jan 14, 2014 8:36am
Same trade, Trying again!
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Barry
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