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Ratios & Harmonics: a Different Way to Trade

  • #8,541
  • Apr 17, 2014 1:47pm Apr 17, 2014 1:47pm
Took this trade on EUR/AUD after AB=CD completion , and based on H4 structure

PA pulled back within 10 pips of profit taking, exit at + 23 cause slow in momentum and since I trade only on London and New York market, decide to close
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I Have Learned to Take Some Losses to Make Profits
  • #8,542
  • Apr 17, 2014 3:17pm Apr 17, 2014 3:17pm
[quote=Mr. Pip;7413069]{quote} The blue is the lower high from the NSL the the fact that it was retested prior to the expected NSL was a big clue that the order flow was already changing this should not of happened.


Thanks D

This short-term orderflow I am finding a little tricky. I have been on the wrong side a few times and was unable to work it out. My expectation and momentum analysis is coming along. But sometimes I have an expectation on how deep a retrace should be is out. When this happens i.e the retrace is deeper than one would expect, what should I do. Would you tighten your stops or just exit.

Regards
Aj1
  • #8,543
  • Apr 17, 2014 5:16pm Apr 17, 2014 5:16pm
Does anyone have a working ZUP indicator for the new builds (600 or higher) for metatrder?

Thanks for your help.
  • #8,544
  • Edited 7:42pm Apr 17, 2014 7:24pm | Edited 7:42pm
I suppose confluence wasn't on my side today.

Took A/J long off the 1.618 extension and 50% fib.

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  • #8,545
  • Apr 17, 2014 7:40pm Apr 17, 2014 7:40pm
Quoting Aj1
Quoting Mr. Pip
{quote} The blue is the lower high from the NSL the the fact that it was retested prior to the expected NSL was a big clue that the order flow was already changing this should not of happened. Thanks D This short-term orderflow I am finding a little tricky. I have been on the wrong side a few times and was unable to work it out. My expectation and momentum analysis is coming along. But sometimes I have an expectation on how deep a retrace should be is out. When this happens i.e the retrace is deeper than one would expect,
...
If your expectation is to hold know where price should not be if price is accelerating against you and you are beyond the 78.6 look for a possible exit and definitely tighten up your stop.
If you fail to plan, you plan to fail.
  • #8,546
  • Apr 17, 2014 7:40pm Apr 17, 2014 7:40pm
Quoting Crnstone316
Does anyone have a working ZUP indicator for the new builds (600 or higher) for metatrder? Thanks for your help.
That indicator is crap you need to qualify your setups.
If you fail to plan, you plan to fail.
  • #8,547
  • Apr 17, 2014 7:42pm Apr 17, 2014 7:42pm
Quoting big_pipin
I suppose confluence wasn't on my side today. Taking A/J long off the 1.618 extension and 50% fib. {image}
Shake it off This has been a rough week for me as well. You will win more then you lose. Hang in there.
If you fail to plan, you plan to fail.
  • #8,548
  • Apr 17, 2014 7:47pm Apr 17, 2014 7:47pm
Mr Pip do you still trade on PH like today (Good Friday), where volume and volatility is probably going to be reduced?
  • #8,549
  • Apr 17, 2014 7:54pm Apr 17, 2014 7:54pm
Hi Mr Pip, for an ABCD completion, if the completion takes a lot longer than expected, will this change your expectation of the reversal?

Example attached.
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  • #8,550
  • Apr 17, 2014 8:13pm Apr 17, 2014 8:13pm
Great Thread Mr.Pip ! I stumbled onto it by accident early this week and I have invested many hours in review. Great to see others sharing. I'm not new to the markets,but I am new to Forex. Looking forward to seeing what the future brings here. Thanks !
  • #8,551
  • Apr 17, 2014 8:18pm Apr 17, 2014 8:18pm
Traders,

I just took this aggressive C buy on EURUSD.

This trade if it works out should complete a Gartley Pattern. TP is slightly below the 78.6 Let's see how it plays out.
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If you fail to plan, you plan to fail.
  • #8,552
  • Apr 17, 2014 8:21pm Apr 17, 2014 8:21pm
Quoting alfis
Mr Pip do you still trade on PH like today (Good Friday), where volume and volatility is probably going to be reduced?
I will be hunting I've had a slow week with this cold my tiny gave me and a losing day today. Have some ground to make up before end of month. I just went long on EURUSD posted the chart.
If you fail to plan, you plan to fail.
  • #8,553
  • Apr 17, 2014 8:24pm Apr 17, 2014 8:24pm
Quoting alfis
Hi Mr Pip, for an ABCD completion, if the completion takes a lot longer than expected, will this change your expectation of the reversal? Example attached. {image}
Yes it can you are in a range bound market so use caution and manage it with both eyes if you know what I mean.
If you fail to plan, you plan to fail.
  • #8,554
  • Apr 17, 2014 9:47pm Apr 17, 2014 9:47pm
Quoting Crnstone316
, нет ни у кого работа индикатора ZUP для новых сборках (600 или выше) для metatrder? Спасибо за вашу помощь.
here http://www.forexfactory.com/showthread.php?p=7402256#post7402256

site author http://www.onix-trade.net/forum/topic/91195-zup-%d0%b2%d0%b5%d1%80%d1%81%d0%b8%d0%b8-137-148/page__view__findpost__p__448963


go here http://www.forexfactory.com/showthread.php?p=7414731#post7414731
  • #8,555
  • Apr 17, 2014 9:58pm Apr 17, 2014 9:58pm
Quoting Mr. Pip
{quote} That indicator is crap you need to qualify your setups.
I hear it the second time
If ZUP crap, pass silently by, anybody it doesn't ask to eat you
  • #8,556
  • Edited Apr 18, 2014 1:29am Apr 17, 2014 10:19pm | Edited Apr 18, 2014 1:29am
Took this failed triangle pattern on A/J 5 min with a wide stop at the 88.6 fib looking for a 100% retrace. Risk reward is about 1:2.

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  • #8,557
  • Edited 11:40pm Apr 17, 2014 11:22pm | Edited 11:40pm
Just the 1 short from me today 3858

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Never said I was Batman,all I'm saying is you'll never see us together.
  • #8,558
  • Apr 17, 2014 11:49pm Apr 17, 2014 11:49pm
I'd like to know how my stop at 95.60 was taken out when the price was at 95.54 when the spread is 3 pips... confused.
  • #8,559
  • Apr 17, 2014 11:54pm Apr 17, 2014 11:54pm
Quoting big_pipin
I'd like to know how my stop at 95.60 was taken out when the price was at 95.54 when the spread is 3 pips... confused.

dunno man is it of that chart you posted ? cant see any scales or prices on it, what instrument?
Never said I was Batman,all I'm saying is you'll never see us together.
  • #8,560
  • Apr 18, 2014 1:29am Apr 18, 2014 1:29am
Quoting headfake
{quote} dunno man is it of that chart you posted ? cant see any scales or prices on it, what instrument?
A/J 5min
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