Ratios & Harmonics: a Different Way to Trade

Quoting pampaq

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{quote} As you see where this discussion took a Gartley. Eurusd is the same, but with XA AB BC CD. In order to be valid where the agroc, SH previous XA must be WEAK, STRONG XA, AB MUST BE STRONG, AND STRONGER THAN THE SH before XA. B C weaker than XA and AB. Then PUM up. This is not enough we see the structure of SZ and DZ. Greetings good to have someone with whom to exchange views and learn. Thank you very much. regards {image} {image}

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Quoting lobogabor

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{quote} Not much reaction huh? Is there anybody out there? (Pink Floyd) Or everybody is closed up in there? The latter is good as well, since trading like a robot requires not listening to anything, or anybody, just your own strategy and entry rules, but then I am asking what are you doing here? It is getting close, and no peer-to-peer help, or evaluation kinda nothing. It is just like writing to my diary does not give me feedback either... hmmm... What do you think, do you have the same feeling from time to time? Do you think it is possible...

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Quoting itinerant

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[highlight=rgb(244, 246, 249); color:rgb(0, 0, 0); font-family:verdana,helvetica,sans-serif]Looking at your chart example, is your question relating to whether we should trade a pattern completion that coincides with a S/R level?[/highlight]
If so, I would say that is a great example of confluence. But order flow in that area must still show signs of weakness before trading.

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Quoting Muyen

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GD Traders i am a longtime trader i notice this in gold for a long time entry @1266.00 and [email protected] wish confluence with monthly 61.8% retracement for a bullish move up,

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Quoting jaksasquatch

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I wanted to post this question out to ya'll. I've traded harmonics profitably for about a year. The problem is I'm pretty busy and I sometimes leave orders in overnight (I trade the H4 charts). I wanted to ask my fellow swing traders, do you watch price into your PRZ or do you simply place orders? Surprisingly I've found that the best patterns are sometimes the ones that seem like a "falling knife". I've also considered tweaking my trade management as I'm "all in, all out", exiting at the .50 retracement usually. I'm interested to see what ya'll...

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Quoting Muyen

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{quote} sorry i missed uploading {image}

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Quoting itinerant

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{quote} I did post a reply earlier on to your comments: {quote}

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Quoting jaksasquatch

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I wanted to post this question out to ya'll. I've traded harmonics profitably for about a year. The problem is I'm pretty busy and I sometimes leave orders in overnight (I trade the H4 charts). I wanted to ask my fellow swing traders, do you watch price into your PRZ or do you simply place orders? Surprisingly I've found that the best patterns are sometimes the ones that seem like a "falling knife". I've also considered tweaking my trade management as I'm "all in, all out", exiting at the .50 retracement usually. I'm interested to see what ya'll...

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Quoting itinerant

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{quote} An interesting point... do we need to see a change of strength in the PRZ? I wrote an EA to trade harmonic patterns. It couldn't trade profitably in the long term. One (of several) factors that I concluded was that the EA couldn't deduce strength and weakness. If X, A, B and C had all fallen where they should, opening a trade a D often failed as price continued straight through it. Perhaps that could have been mitigated if the EA was able to look into structure and other forms of confluence... i.e. if there is enough confluence, perhaps...

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Quoting pampaq

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{quote} Hello Kumaramy. with your permission, my 2 cents. regards {image}

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Quoting TheScorpS

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{quote} hey guys can you show an example chart of the movement and Kumaramy, I guess its way better and more informative looking at you chart with a little bit more explanation regarding fibs, structure, supply demand and the reasoning behind taking those trades, it give a lot clearer picture of the thought process , thanks body and god bless

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Quoting pampaq

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{quote} Hello TheScorpS : I just try to put into practice what I learned (hopefully good) Mr. Pip. He says that we should always trade in favor of strength and never from weakness. Then the context or situation or structure, gives the demand and supply zones . One approach to this is the structure of SH SL. His analysis of strength and weakness, given by the slope of the SH and SL. And in these areas ensures analysis candle. To enter the market at the best price . If we are wrong the cost is moderate, or BE. If you 're looking well we will have...

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Quoting kumaramy

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Shorted NZDJPY Confluence : AB=CD completion. ab = weak bc=strong compared to ab. cd= not so strong & LH. de=strong. {image} {image}

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Quoting kumaramy

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{quote} Update : tp 38% of AD and 61% of CD. {image}

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