Ratios & Harmonics: a Different Way to Trade | Page 377 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

"Ratios & Harmonics: a Different Way to Trade." Summary 37 replies

Learning to trade with harmonics 11 replies

Time for Change - Pivots & Harmonics to freedom 67 replies

180 reasons to trade Harmonics and Patterns 13 replies

Group Trading based on Elliott wave and Harmonics 0 replies

Attachments: Ratios & Harmonics: a Different Way to Trade
Exit Attachments

Ratios & Harmonics: a Different Way to Trade

  • #7,521
  • Jan 14, 2014 11:08am Jan 14, 2014 11:08am
Quoting Forexbuster
my eurusd trade today {image}

profit hit buying again in eurusd

Attached Image (click to enlarge)
Click to Enlarge Name: FUKYOU.png Size: 30 KB
  • #7,522
  • Jan 14, 2014 11:29am Jan 14, 2014 11:29am
I consider target 2 reached and out my position.
Attached Image (click to enlarge)
Click to Enlarge Name: ES 01-14-2014-1.JPG Size: 76 KB
  • #7,523
  • Jan 14, 2014 11:39am Jan 14, 2014 11:39am
Quoting kumaramy
We can see after bouncing at yellow line price got strong upside momentum. Then price had weak pullback to the downside to test the support area. Then again bounce with the strong upside momentum. This is telling me EJ may continue it's uptrend. {image}
.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurjpym5.png Size: 28 KB
Click to Enlarge Name: eurjpym52.png Size: 27 KB
-milkeyway
  • #7,524
  • Jan 14, 2014 11:43am Jan 14, 2014 11:43am
Quoting kumaramy
Strong momentum to the upside and weak pullback to the downside with LH representing continuation of the uptrend. {image}
.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chfjpym15.png Size: 26 KB
Click to Enlarge Name: chfjpym152.png Size: 24 KB
-milkeyway
  • #7,525
  • Jan 14, 2014 11:52am Jan 14, 2014 11:52am
Quoting Mr_Burns
{quote} Thank you!
You're most welcome
  • #7,526
  • Jan 14, 2014 11:55am Jan 14, 2014 11:55am
Quoting Bary
{quote} 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. {image}
That sucks!
I know the various arguments... news just accelerates price to where it was going anyway, or otherwise prices corrects itself quickly afterwards, but I just stay away from high impact news events.
  • #7,527
  • Jan 14, 2014 11:56am Jan 14, 2014 11:56am
Quoting pampaq
{quote} Thanks for the explanation, with this I can see hidden things, for me. regards
I'm glad it was helpful for you
  • #7,528
  • Jan 14, 2014 12:03pm Jan 14, 2014 12:03pm
Quoting pampaq
{quote} Continuing the theme, in structure, then we should expect: A NLL and then a failure to make the NHH, making a NLH? And there entered with higher probability of success? Thank you.
You know, I actually had "expect second retest" written above the first test of the RN at the time I entered.
With retrospect, I feel it would have been better to wait a bit longer, maybe for the second test (which could have turned out to be a breakout failure too, potentially knocking out my stop). The second test making a LH (just), followed by the break of the SL prior to the first test confirmed the expectation. But waiting for that point would have definitely cut into the profit margins.
  • #7,529
  • Jan 14, 2014 1:51pm Jan 14, 2014 1:51pm
Quoting TheScorpS
Yes it could exactly be the aggro C at 61.8 - 78.6, but looking at momentum at the moment bulls still driving the price higher {image}
You were right, very good and thanks
  • #7,530
  • Jan 14, 2014 1:57pm Jan 14, 2014 1:57pm
Quoting kumaramy
{quote} . {image} {image}
Thanks that was very good, it shows that strengths and weaknesses are a great indicator. The compass Marketplace
regards
  • #7,531
  • Jan 14, 2014 2:00pm Jan 14, 2014 2:00pm
Quoting itinerant
{quote} You know, I actually had "expect second retest" written above the first test of the RN at the time I entered. With retrospect, I feel it would have been better to wait a bit longer, maybe for the second test (which could have turned out to be a breakout failure too, potentially knocking out my stop). The second test making a LH (just), followed by the break of the SL prior to the first test confirmed the expectation. But waiting for that point would have definitely cut into the profit margins.
Thank you and I will continue learning,
regards
  • #7,532
  • Jan 14, 2014 2:36pm Jan 14, 2014 2:36pm
True wisdom!!!

http://www.youtube.com/watch?v=pfWGoLj1JCM&feature=player_detailpage
If you fail to plan, you plan to fail.
  • #7,533
  • Jan 14, 2014 7:46pm Jan 14, 2014 7:46pm
Hello Traders, I continue to see good trading and progress. Keep up the good work!! I am trying to keep up with daily so if you have questions post them I will get to them.
If you fail to plan, you plan to fail.
  • #7,534
  • Jan 14, 2014 10:11pm Jan 14, 2014 10:11pm
I have been following this thread for 1 month now and finally I took my first trade with harmonics.

When I entered to the position I saw a potential gartley pattern and I took an aggressive C position because of the price at the last 2 minutes of the candle was falling like a rock and it said to me the bulls have lost the steam, after the bulls tried to take back the "lost land" but they failed and my T/P hit.
28 pip profit
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd15 15012014 28 pip profit.png Size: 70 KB
  • #7,535
  • Jan 14, 2014 11:03pm Jan 14, 2014 11:03pm
Attached Image (click to enlarge)
Click to Enlarge Name: cadchfh1.png Size: 32 KB
-milkeyway
  • #7,536
  • Jan 15, 2014 2:02am Jan 15, 2014 2:02am
Attached Image (click to enlarge)
Click to Enlarge Name: usdhufh1.png Size: 38 KB
-milkeyway
  • #7,537
  • Jan 15, 2014 2:41am Jan 15, 2014 2:41am
Took this trade on the USDJPY M5. It barely missed the 61.8 fib, so I guess this is a AB=CD. This this has been trending nicely for the Asian session, so hopefully it continues. If this hits my target profit, it will be just over 1:2 RR. Since I leave on a business trip tomorrow, this would be a nice end to my time at home. LOL!
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpym5.png Size: 22 KB
Damn The Torpedoes, Full Speed Ahead!
  • #7,538
  • Jan 15, 2014 3:57am Jan 15, 2014 3:57am
Quoting Mr. Pip
True wisdom!!! http://www.youtube.com/watch?v=pfWGoLj1JCM&feature=player_detailpage

Great video Mr Pip. There's alot of good stuff on there. I like "There is no reason to have a plan B because it distracts from plan A"
Barry
  • #7,539
  • Jan 15, 2014 3:58am Jan 15, 2014 3:58am
USDCAD is very close to complete a long-term ABCD on daily @ 1.1 (nice RN too)
The C dipped below 78.6% but didn't close below so still valid.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD-140115-1055.png Size: 32 KB
Rise and rise again until lambs become lions
  • #7,540
  • Jan 15, 2014 3:59am Jan 15, 2014 3:59am
Quoting DizzleFX
Took this trade on the USDJPY M5. It barely missed the 61.8 fib, so I guess this is a AB=CD. This this has been trending nicely for the Asian session, so hopefully it continues. If this hits my target profit, it will be just over 1:2 RR. Since I leave on a business trip tomorrow, this would be a nice end to my time at home. LOL! {image}
Good luck!
I don't know the significant RN on USDJPY... is 104.500 significant? If so, that might create some resistance?
6 traders viewing now