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Ratios & Harmonics: a Different Way to Trade

  • #7,841
  • Jan 22, 2014 10:40am Jan 22, 2014 10:40am
Quoting Forexbuster
upfdate move my stop tight {image}

closed my trade with profit now i buy eurusd

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  • #7,842
  • Jan 22, 2014 10:59am Jan 22, 2014 10:59am
Quoting Forexbuster
{quote} closed my trade with profit now i buy eurusd {image}

stop out
  • #7,843
  • Jan 22, 2014 11:02am Jan 22, 2014 11:02am
Quoting 91dawid
{quote} Hello Mr Burns Same here, I've just entered a long position on EURUSD, at 1.3562 (5 min chart) the third candle when opened. I can see strength in the move so I think it could go up for the 127 ext of the main swing that is 1.3595 so around the 1.36 {image}
update SL triggered(-13pip), but for now I can see I did not do the right thing because there is a potential crab pattern on the 5 min EURUSD so I should have checked that for the entry. Hindsight I'm smarter for now
  • #7,844
  • Jan 22, 2014 11:04am Jan 22, 2014 11:04am
Quoting Forexbuster
{quote} stop out
Hi forex. If you see 1 hr tf. You can see sellers were filling there orders at this level and it got rejected 2 times.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh1.png Size: 36 KB
-milkeyway
  • #7,845
  • Jan 22, 2014 11:09am Jan 22, 2014 11:09am
stop on first one now i buy again
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  • #7,846
  • Jan 22, 2014 11:16am Jan 22, 2014 11:16am
Commentary :


After breaking the highs bulls decided the price is cheaper @6218 & 6350. at the horizontal levels. And you can see the quick bounce effect they bought as price breaks the high. Next level is 6763
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-milkeyway
  • #7,847
  • Jan 22, 2014 11:19am Jan 22, 2014 11:19am
Trying a Long position EURUSD from 13547... stop at 13533, target 13593... looking to at least BE on this
Attached Image (click to enlarge)
Click to Enlarge Name: 2014 01 22 EURUSD 15_5 ABCD_a.jpg Size: 254 KB
  • #7,848
  • Jan 22, 2014 11:20am Jan 22, 2014 11:20am
Quoting Forexbuster
stop on first one now i buy again{image}
Watch out PA @ 3553
-milkeyway
  • #7,849
  • Jan 22, 2014 11:22am Jan 22, 2014 11:22am
EU gona visit 3460
-milkeyway
  • #7,850
  • Jan 22, 2014 11:30am Jan 22, 2014 11:30am
Quoting deanoracer
Trying a Long position EURUSD from 13547... stop at 13533, target 13593... looking to at least BE on this {image}
Price stuck below daily pivot, ready to bail on this position before the SL is reached... if needed
  • #7,851
  • Jan 22, 2014 11:43am Jan 22, 2014 11:43am
Quoting kumaramy
{quote} Watch out PA @ 3553

thnx for the tip
  • #7,852
  • Jan 22, 2014 12:43pm Jan 22, 2014 12:43pm
Quoting deanoracer
{quote} Price stuck below daily pivot, ready to bail on this position before the SL is reached... if needed
tightened SL... Out for minus 2 pips... took long usdchf at 9108, tight stop, got the 2 pips back plus a couple, one position still open... boring price action this time of day.
  • #7,853
  • Jan 22, 2014 2:16pm Jan 22, 2014 2:16pm
Quoting Forexbuster
stop on first one now i buy again{image}

close my posisition +2 pips got to go to work lol
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  • #7,854
  • Jan 22, 2014 3:36pm Jan 22, 2014 3:36pm
Quoting kumaramy
{quote} . {image} {image}
Well read Kumaramy, congratulations .. regards
  • #7,855
  • Jan 22, 2014 4:00pm Jan 22, 2014 4:00pm
Quoting 91dawid
{quote} Hello Mr Burns Same here, I've just entered a long position on EURUSD, at 1.3562 (5 min chart) the third candle when opened. I can see strength in the move so I think it could go up for the 127 ext of the main swing that is 1.3595 so around the 1.36 {image}
MTUM strong bearish, bullish mmtum equal.
Wait as the next impulse occurs.
Then if you make a decision.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm5 22012014 1500 1.png Size: 47 KB
  • #7,856
  • Jan 22, 2014 5:21pm Jan 22, 2014 5:21pm
I didn't take that trade on the EURUSD I posted earlier, once it came back down to 1.3550 PA told me not to go in, instead it completed a bearish AB=CD. However after that completion the bulls only managed a weak pullback and at the moment it consolidates, will have to wait till Friday to see if bears can get prize lower.
Attached Image (click to enlarge)
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Rise and rise again until lambs become lions
  • #7,857
  • Jan 23, 2014 7:04am Jan 23, 2014 7:04am
On an Eur/Usd bigger picture (Daily), price has not achieved a new structure high for an ABCD completion on the upper side.

Instead is making LH and LL.

The bullish candle today could surely shows power on the up side, but could also be the last bullish attempt for a further move down (that's what I would expect).

This area could be interesting for shorting, if confirmed as a new resistance level on a shorter TF.
Attached Image (click to enlarge)
Click to Enlarge Name: EUR USD Daily.JPG Size: 84 KB
  • #7,858
  • Jan 23, 2014 7:19am Jan 23, 2014 7:19am
Quoting Mr_Burns
I didn't take that trade on the EURUSD I posted earlier, once it came back down to 1.3550 PA told me not to go in, instead it completed a bearish AB=CD. However after that completion the bulls only managed a weak pullback and at the moment it consolidates, will have to wait till Friday to see if bears can get prize lower. {image}
Sometimes one need to be bold and have confidence in his strategy.
i hope it will get to TP i will manage it aggressively
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  • #7,859
  • Jan 23, 2014 8:24am Jan 23, 2014 8:24am
Quoting Muyen
{quote} Sometimes one need to be bold and have confidence in his strategy. i hope it will get to TP i will manage it aggressively {image}
Indeed, it did get a little lower and when I looked at the chart today I saw that it went bullish, much higher then what I predicted but I guess that's expected with news.

I daytrade the 233 ticks, if I understood it correctly Mr.Pip does as well but how do you deal with news? Do you start the day by looking on the daily/hour/15min to see long-term order flow? Do you look for patterns as well?

The way I tend to think about it is to only check higher tf for a general picture on order flow. I don't look for patterns but maybe I should? When I started to learn (still a beginner) this way of trading I found myself looking for patterns everywhere. I found out that this ends up hindering me from taking a trade at times because a higher tf told me something else. So back to the news question I look at the daily and what support/resistance might come into play, what do you guys do?
Rise and rise again until lambs become lions
  • #7,860
  • Jan 23, 2014 8:43am Jan 23, 2014 8:43am
Left some on the table, but I was sleeping while the trade filled and hit TP... +91...
I have read every post on this thread - thanks to Mr. Pip - and all who have shared.
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