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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

  • #7,621
  • Jan 16, 2014 8:51am Jan 16, 2014 8:51am
Morning fellow traders,
Took this on the 15 minute chart. I usually trade of the 5 min. but looking at this on the 15 convinced me to try and ride it up for a little bit.....
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  • #7,622
  • Jan 16, 2014 8:55am Jan 16, 2014 8:55am
Quoting Bary
{quote} Looks like the same trade as mine. You had structure and AB=CD. To much momentum going down, order flow was against us but that is normal for a "D" trade. Loses are part of learning, go on to the next opportunity.

Yeah your right, got a small loss there but managed to ride the EURUSD for 35 pips. I still find myself pulling the trigger too early/semi-late at times but I guess that's something we all do in the beginning and hopefully I get better finding the sweet spot with time.

Btw, looks like we got more upside on the EURUSD
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Rise and rise again until lambs become lions
  • #7,623
  • Jan 16, 2014 9:33am Jan 16, 2014 9:33am
Quoting Bary
{quote} GM Traders. Hey Forex. I'm not sure that your red horizontal box indicates order flow. My understanding of order flow is basically who's in charge? Bulls or bears? Order flow is similar to trend. We look for NSH's and NSL's, LL's and HH's, momentum and projection to determine order flow. What your red box looks like to me is structure ( support and resistance). Some one correct me if I'm wrong please!! Mr Pip is the ultimate authority on this but that's what I get out of watching his video's. By the way nice green pips!
http://youtu.be/0iCgNCm0vJg
Watch this video from Mr.Pip explaining order flow and structure.

I think the red zones Forex has drawn are PRZ zones. Basically supply and demand meets here, shake hands and then one of them backstabs the other and takes off with price
Rise and rise again until lambs become lions
  • #7,624
  • Jan 16, 2014 9:42am Jan 16, 2014 9:42am
Quoting Mr_Burns
{quote} http://youtu.be/0iCgNCm0vJg Watch this video from Mr.Pip explaining order flow and structure. I think the red zones Forex has drawn are PRZ zones. Basically supply and demand meets here, shake hands and then one of them backstabs the other and takes off with price

That's what I thought also.
I watched that before I posted this AM
Barry
  • #7,625
  • Jan 16, 2014 10:38am Jan 16, 2014 10:38am
Hello, I want to ask a question. How long does BOE Gov Carney Speak or Fed Chairman Bernanke Speak? I want to know how long high impact news has impact for PA after this events.
Thanks.
  • #7,626
  • Jan 16, 2014 10:51am Jan 16, 2014 10:51am
Is this month is so good or something changed in my mind, because most of my trades are winners. So the question is it's a lucky period or always it is, but I didn't see this. Time will tell this Expectations is very good after you take the trade, you know what price action tells you, and it is less stressfull, because PA does what you expect.
There is so much ABCD's in lower timeframes, and they are killers in a good way.
  • #7,627
  • Jan 16, 2014 11:05am Jan 16, 2014 11:05am
Quoting Forexbuster
order flow {image}

yahoo tp hit

order flow rocks!!!!!

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  • #7,628
  • Jan 16, 2014 11:07am Jan 16, 2014 11:07am
Quoting Mr. Pip
Traders, Let me know how thing are getting for you. Are you all becoming more profitable? Are you finding clarity in your ability to read the charts? Is trading becoming easier? Give me some feed back It helps me assess where we are at and what we need to focus on. Timing an entry is still on my list, I will work on that after my test next Wednesday. But let me know how you feel personally. If you don't want to post it here although I wish you would we are all family here you can always send me a PM.
Much better, growing and winning, especially knowing where I make mistakes, that is the best way to learn.
Displaying and again the videos, and practicing a lot with order flow.
Really thank you very much, and I hope your lessons on entries
Regards
  • #7,629
  • Edited 12:24pm Jan 16, 2014 12:10pm | Edited 12:24pm
just woke up 5 hrs sleep lol buy on eurusd
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  • #7,630
  • Jan 16, 2014 1:07pm Jan 16, 2014 1:07pm
Quoting Forexbuster
just woke up 5 hrs sleep lol buy on eurusd {image}
profit hit yahooo

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  • #7,631
  • Jan 16, 2014 1:47pm Jan 16, 2014 1:47pm
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  • #7,632
  • Jan 16, 2014 3:58pm Jan 16, 2014 3:58pm
Quoting Bary
First trade today a loser. Long UJ at "D". Thought there was nice structure, RN and AB=CD But news decided differently. Out -12 {image}
How could this have been prevented?
Perhaps expecting a NHL, then, to break the previous maximum in?
Or is the issue that brought the enormous momentum that trend
I look forward to the lessons of Mr Pip on market entry
  • #7,633
  • Jan 16, 2014 4:32pm Jan 16, 2014 4:32pm
Quoting pampaq
{quote} How could this have been prevented? Perhaps expecting a NHL, then, to break the previous maximum in? Or is the issue that brought the enormous momentum that trend I look forward to the lessons of Mr Pip on market entry
My thoughts when I look at the chart is that we start with breaking a bull trend, then enters a consolidation where bulls try to break up 3 times and this tells me that the bulls seem exhausted. We then get a bearish continuation with very little resistance (again exhausted bulls) so when we enter at D we should only expect a small pullback (ie not reaching previous structure). After this weak pullback the bearish momentum increases (it drops more pips in a shorter time frame than previous drop) which tells me that the market most likely will continue down.

Please correct me if im wrong, always eager to learn.
Rise and rise again until lambs become lions
  • #7,634
  • Jan 16, 2014 5:24pm Jan 16, 2014 5:24pm
Quoting Aj1
Afternoon All I am currently looking at the Eur?Jpy 5Min. I see an ABCD completion, with structure and Harmonics. Looking at Order flow is to the short side, Momentum and projection too. Looking for a sign that the bulls will take this higher. {image}
He had completed an AB = CD 142 893, TP1 expected to correct up to 38% and 61% TC 2
We increased Mmtum and projection, both three, deph same, and we expect weak pull back. And we could think about going short.
And there holds an AB = CD
After all that happened is easy to see it, the thing is when you are trading.
However we see Harmonic not failed.
regards
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  • #7,635
  • Jan 16, 2014 5:47pm Jan 16, 2014 5:47pm
Quoting Mr_Burns
{quote} My thoughts when I look at the chart is that we start with breaking a bull trend, then enters a consolidation where bulls try to break up 3 times and this tells me that the bulls seem exhausted. We then get a bearish continuation with very little resistance (again exhausted bulls) so when we enter at D we should only expect a small pullback (ie not reaching previous structure). After this weak pullback the bearish momentum increases (it drops more pips in a shorter time frame than previous drop) which tells me that the market most likely...

That sounds like a good analysis of PA. As we know not every trade works out. The news did affect the price. Normally we ignore news if we're already in a trade. The price did react as expected at "D" but the bears reacted strongly to the news.
Barry
  • #7,636
  • Jan 16, 2014 9:16pm Jan 16, 2014 9:16pm
Quoting Forexbuster
{image}
Can you elaborate how you identify orderflow ?
-milkeyway
  • #7,637
  • Jan 17, 2014 12:38am Jan 17, 2014 12:38am
Quoting kumaramy
{quote} Can you elaborate how you identify orderflow ?

see post 7625

buying eurusd

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  • #7,638
  • Jan 17, 2014 12:49am Jan 17, 2014 12:49am
Quoting Forexbuster
{quote} see post 7625 buying eurusd {image}

ouch hit my stop
  • #7,639
  • Jan 17, 2014 12:54am Jan 17, 2014 12:54am
im selling usdchf
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  • #7,640
  • Jan 17, 2014 1:05am Jan 17, 2014 1:05am
Quoting Forexbuster
im selling usdchf {image} {image}

yahoo tp hit

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