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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

  • #7,721
  • Jan 19, 2014 3:49am Jan 19, 2014 3:49am
1st swing should have to be weak to go up in 2nd swing.
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-milkeyway
  • #7,722
  • Jan 19, 2014 3:52am Jan 19, 2014 3:52am
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-milkeyway
  • #7,723
  • Jan 19, 2014 4:44am Jan 19, 2014 4:44am
Gold :
Short around 1258 with price action confirmation.
SL : 1271
TP :1221
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-milkeyway
  • #7,724
  • Jan 19, 2014 5:39am Jan 19, 2014 5:39am
Nice one. AB=CD EU H1.
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  • #7,725
  • Jan 19, 2014 8:24am Jan 19, 2014 8:24am
Quoting akyong
Is this a valid ACBD? https://www.tradingview.com/x/dq7BC8mC/ {image}
akyong,

To me it does look like a ABCD pattern as per Mr.Pip rules of engagement.

juliuy
  • #7,726
  • Jan 19, 2014 8:26am Jan 19, 2014 8:26am
Quoting SaiLyfee
Nice one. AB=CD EU H1. {image}
spotted this too. But on H4 TF, there's a head & shoulder pattern completion, and price broke the daily bullish channel. What do you think?
  • #7,727
  • Jan 19, 2014 8:27am Jan 19, 2014 8:27am
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-milkeyway
  • #7,728
  • Jan 19, 2014 8:27am Jan 19, 2014 8:27am
Quoting juliuy
{quote} akyong, To me it does look like a ABCD pattern as per Mr.Pip rules of engagement. juliuy
Thanks! Still learning much about harmonic ratio
  • #7,729
  • Jan 19, 2014 8:27am Jan 19, 2014 8:27am
Quoting akyong
seeing a completed ab=cd pattern on EU as well? {image}
Yes, indeed. Someone else at this post (http://www.forexfactory.com/showthread.php?p=7222638#post7222638) also have pointed to this one. My only concern is that price was accelerating into the PRZ, seems like Order Flow is bearish (although I am not very good at reading this). The recent structure confluence at this level was December's lowest price.
  • #7,730
  • Jan 19, 2014 8:35am Jan 19, 2014 8:35am
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-milkeyway
  • #7,731
  • Jan 19, 2014 8:49am Jan 19, 2014 8:49am
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-milkeyway
  • #7,732
  • Jan 19, 2014 8:54am Jan 19, 2014 8:54am
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-milkeyway
  • #7,733
  • Jan 19, 2014 12:44pm Jan 19, 2014 12:44pm
Quoting kumaramy
{image}

You were really busy today. Thanks for all the charts. I don't look at that many pairs.
Keep up the good work!
Barry
  • #7,734
  • Jan 19, 2014 12:52pm Jan 19, 2014 12:52pm
Quoting juliuy
{quote} Yes, indeed. Someone else at this post (http://www.forexfactory.com/showthread.php?p=7222638#post7222638) also have pointed to this one. My only concern is that price was accelerating into the PRZ, seems like Order Flow is bearish (although I am not very good at reading this). The recent structure confluence at this level was December's lowest price.

I agree. Order flow seams bearish. Short term it looks like it wants to go up. If we get a weak retrace I would feel more confident in a short agrressive "C" trade, but lets watch PA for confirmation.
Barry
  • #7,735
  • Jan 19, 2014 1:14pm Jan 19, 2014 1:14pm
You know what I am thinking.
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-milkeyway
  • #7,736
  • Jan 19, 2014 1:32pm Jan 19, 2014 1:32pm
Quoting Bary
{quote} Still not sure why you entered the trade. Aggressive "C" or ABCD are the trades we're trading mostly. I see the NSH but that tells us price might move up some more but there's no trade entry. Normally we'd wait for an aggressive "C" sell in the box or wait for the ABCD completion for a long. If you drop down to an H1 then there might be more trade opportunities. Ask more questions if that doesn't help. {image}
Thank you with your chart i can now see clearly where my error is
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  • #7,737
  • Jan 19, 2014 9:53pm Jan 19, 2014 9:53pm
.
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-milkeyway
  • #7,738
  • Jan 19, 2014 10:12pm Jan 19, 2014 10:12pm
We should pay attention to this zone.
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-milkeyway
  • #7,739
  • Jan 19, 2014 10:22pm Jan 19, 2014 10:22pm
GJ Demand zone update
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-milkeyway
  • #7,740
  • Jan 19, 2014 10:26pm Jan 19, 2014 10:26pm
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-milkeyway
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