Ratios & Harmonics: a Different Way to Trade | Page 398 | 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

  • #7,941
  • Jan 28, 2014 11:37am Jan 28, 2014 11:37am
And short on GBPCHF.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchfm5.png Size: 37 KB
-milkeyway
  • #7,942
  • Jan 28, 2014 11:39am Jan 28, 2014 11:39am
AUDUSD SL moved at BE. Stress free...
Attached Image (click to enlarge)
Click to Enlarge Name: audusdm5.png Size: 32 KB
-milkeyway
  • #7,943
  • Jan 28, 2014 5:01pm Jan 28, 2014 5:01pm
Hi Mr. Pip,

I'm studying the structure and orderflow that you've been teaching recently. And can you help me understand how to read the orderflow strength and weakness in this chart below? At point 2, the weakness is obviously shown on the slope of price path. However point 4 didn't show much weakness and still a sharp pull back happened. Then at point 7, I thought the orderflow showed weakness and exited my long but end up missed the breakout soon after. Please let me know where I read it wrong and I really appreciate your help.

Thanks a lot,
Attached Image (click to enlarge)
Click to Enlarge Name: ES 01-28-2014.JPG Size: 76 KB
  • #7,944
  • Jan 28, 2014 10:30pm Jan 28, 2014 10:30pm
Quoting bulleyes
Hi Mr. Pip, I'm studying the structure and orderflow that you've been teaching recently. And can you help me understand how to read the orderflow strength and weakness in this chart below? At point 2, the weakness is obviously shown on the slope of price path. However point 4 didn't show much weakness and still a sharp pull back happened. Then at point 7, I thought the orderflow showed weakness and exited my long but end up missed the breakout soon after. Please let me know where I read it wrong and I really appreciate your help. Thanks a lot, {image}...
The sequence i use to analysis O/F is :
1] depth : You can see depth to the upside increased and momentum to upside increased as price came into medium/long term demand zone.
2] Structure : I drawn structure with small white lines. And it is simply bullish structure.
3] Momentum : We already bounced at demand zone when 1st time in demand zone. So, it was an increasing momentum.

Now the observation is : After 1st time bounce in demand zone, price created bullish structure. Price also give weak momentum to the upside and point 2 and strong momentum to downside at point 4. But it was very short term order flow. So, we don't have to mix Long term order flow and short term order flow. As per long term O/F we already bounce at long term demand zone with increasing momentum to the upside. And the structure of consolidation is also bullish. Point 1 to 3 is long term structure and point 5 to 7 is short term structure both are bullish shown by small white lines.

You do one thing : when price creates HH HL LH LL you draw a small line at the close (not high) of the swing. So, you can see the structure easily.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ES 01-28-2014.JPG Size: 139 KB
Click to Enlarge Name: eurusdm5.png Size: 36 KB
-milkeyway
  • #7,945
  • Jan 28, 2014 10:38pm Jan 28, 2014 10:38pm
Quoting kumaramy
I'm short on GPBJPY... {image}
Changed the direction..SL at BE..riskfree.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpym15.png Size: 35 KB
-milkeyway
  • #7,946
  • Jan 28, 2014 10:42pm Jan 28, 2014 10:42pm
Quoting kumaramy
{quote} Changed the direction..SL at BE..riskfree. {image}
Closed with +36. Long term resistance is there.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpym30.png Size: 31 KB
-milkeyway
  • #7,947
  • Jan 29, 2014 12:21am Jan 29, 2014 12:21am
Short on AU.
Attached Image (click to enlarge)
Click to Enlarge Name: audusdm5.png Size: 34 KB
-milkeyway
  • #7,948
  • Jan 29, 2014 12:31am Jan 29, 2014 12:31am
buy pound
Attached Image (click to enlarge)
Click to Enlarge Name: FUKYOU.png Size: 32 KB


try and try until you cry
  • #7,949
  • Jan 29, 2014 12:33am Jan 29, 2014 12:33am
Quoting Forexbuster
buy pound{image}
Buying GU ? I am scared coz I am selling it.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm5.png Size: 36 KB
-milkeyway
  • #7,950
  • Jan 29, 2014 12:34am Jan 29, 2014 12:34am
long of EURAUD.
Attached Image (click to enlarge)
Click to Enlarge Name: euraudm5.png Size: 32 KB
-milkeyway
  • #7,951
  • Jan 29, 2014 4:53am Jan 29, 2014 4:53am
GU AND EU closed with -15 and -25.
AU AND EURAUD closed with +115. Total : +75
-milkeyway
  • #7,952
  • Jan 29, 2014 5:28am Jan 29, 2014 5:28am
Now long on AU.
Attached Image (click to enlarge)
Click to Enlarge Name: audusdm5.png Size: 32 KB
-milkeyway
  • #7,953
  • Jan 29, 2014 5:53am Jan 29, 2014 5:53am
Quoting kumaramy
Now long on AU. {image}
Hits my SL. Drawn wrong SR key level.
-milkeyway
  • #7,954
  • Jan 29, 2014 6:52am Jan 29, 2014 6:52am
trying to take LT swing to NSH
Attached Image (click to enlarge)
Click to Enlarge Name: jan 29 gbpusd.jpg Size: 150 KB
  • #7,955
  • Jan 29, 2014 6:59am Jan 29, 2014 6:59am
if price finds support where it currently is..
Attached Image (click to enlarge)
Click to Enlarge Name: jan 29 eurusd.jpg Size: 135 KB
  • #7,956
  • Jan 29, 2014 8:23am Jan 29, 2014 8:23am
Quoting Forexbuster
buy pound{image} try and try until you cry

closed my trade with profit did not wait for price to hit my take profit
  • #7,957
  • Jan 29, 2014 8:25am Jan 29, 2014 8:25am
Quoting kumaramy
{quote} The sequence i use to analysis O/F is : 1] depth : You can see depth to the upside increased and momentum to upside increased as price came into medium/long term demand zone. 2] Structure : I drawn structure with small white lines. And it is simply bullish structure. 3] Momentum : We already bounced at demand zone when 1st time in demand zone. So, it was an increasing momentum. Now the observation is : After 1st time bounce in demand zone, price created bullish structure. Price also give weak momentum to the upside and point 2 and strong...
Thank you very much Kumaramy! I will try the way you explained and also watch Mr. Pip's video again to understand it.

Thanks,
  • #7,958
  • Jan 29, 2014 8:31am Jan 29, 2014 8:31am
buy pound
Attached Image (click to enlarge)
Click to Enlarge Name: FUKYOU.png Size: 33 KB
  • #7,959
  • Jan 29, 2014 10:49am Jan 29, 2014 10:49am
Testing myself...1 min and 5 min are extremely good TF to study the orderflow and stucture. It teaches too many things in very short period.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpym1.png Size: 40 KB
-milkeyway
  • #7,960
  • Jan 29, 2014 11:08am Jan 29, 2014 11:08am
Testing this one too...
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym1.png Size: 37 KB
-milkeyway
141 traders viewing now