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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

  • #8,961
  • Edited 10:18am May 27, 2014 8:45am | Edited 10:18am
Quoting FineForex
{quote} its fun man. this learning curve is definitely more painful than learning most other things, something I definitely underestimated at first. but when it works I don't know of anything cooler
I too underestimated the market at first. It was a very costly lesson switching from demo to live. But with alittle more experience, my goal of making pro athlete money and financial freedom will be attenable.
  • #8,962
  • May 27, 2014 9:12am May 27, 2014 9:12am
Quoting FineForex
{quote} how do you feel in terms of coordinating short term and long term orderflow? understanding this really pushed me forward
I feel alright with the concept of order flow except when short term order flow gets choppy then I have no idea where price is going. For the most part I try to stay on the side of long term order flow and play at areas of structure. I try not to take anything in-between (Only Strong Trend with weak pullbacks will I play between Structure).

Even though I TRY to stay with long Term Order flow. I see a lot of opportunity with Short term order flow and sometimes I make impulsive positions. I know, not good. I also find that I usually hang on to a losing position at least one bar to long.

The only part I think i come up short on order flow is determining when price will make a single leg pullback and an abc pullback.
And sometimes weak swings go longer than expected.

The difference between order flow theory and implantation has been difficult. It’s not quit second nature yet.

I still write everything on my chart as a reminder of what price is doing and my my thought process was. I'll post my chart at the end of the day. Maybe I'm doing something wrong still.
  • #8,963
  • May 27, 2014 2:06pm May 27, 2014 2:06pm
Quoting FineForex
{quote} its fun man. this learning curve is definitely more painful than learning most other things, something I definitely underestimated at first. but when it works I don't know of anything cooler
Its very hard and very easy at the same time LOL
Never said I was Batman,all I'm saying is you'll never see us together.
  • #8,964
  • May 27, 2014 2:10pm May 27, 2014 2:10pm
Quoting dargane
Potential ABCD Pattern on GBPUSD. Price pierced the 61.8% retracement of the AB leg. I entered a semi-aggressive C entry after an 8hr BEOB closing below structure. The PRZ is at the confluence point of the 100% expansion of the ABC swing, the 138.2% extension of the AB leg, and structure. Thoughts? {image}
Taken out at BE. Price bounced hard off of the weekly S1 pivot level. Decided to move stop to BE.
  • #8,965
  • May 27, 2014 2:29pm May 27, 2014 2:29pm
I insist with 1TO1, I had no time to put it live, but here's the chart showing, once again, how to take advantage of this setup.
After a 1TO1, looking for 38%, it is very common that scope. Then control strength and weakness, and if you have good mmtum, 61% follow up.
So far, this simple rule, then you can continue the trend to the point of decision. In this case, widely used, high and low of the previous day, the YH and YL. These are for me, the main barriers to price, in turn RN, and pivots. They are all part of the structure, the TF in question.
The order flow, and the strength and weakness of it, give us clarity and placed in trading.
Entering a trade, without these things clear, is financial suicide.
Greetings, a very interesting day.
Attached Image (click to enlarge)
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  • #8,966
  • May 27, 2014 3:36pm May 27, 2014 3:36pm
Quoting Mack2013
{quote} I too underestimated the market at first. It was a very costly lesson switching from demo to live. But with alittle more experience, my goal of making pro athlete money and financial freedom will be attenable.

when your looking at order flow reversals quite often you can be tricked into thinking its reversing when it isnt , fake tops tricking in the early shorts to get higher, so a good handle on price action helps and you need to look for evidence of order flow exchanges in areas of interest, you dont seem to have any trouble identifying those areas in advance which should come easy with practice
Never said I was Batman,all I'm saying is you'll never see us together.
  • #8,967
  • May 28, 2014 4:12am May 28, 2014 4:12am
A bullish crab pattern has formed in GBP/USD 4hr time frame.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_USD_4 Hours_snapshot.png Size: 49 KB
s
  • #8,968
  • May 28, 2014 4:16am May 28, 2014 4:16am
Quoting shahidfx
A bullish crab pattern has formed in GBP/USD 4hr time frame. {image}
It isn't crab.
  • #8,969
  • May 28, 2014 4:18am May 28, 2014 4:18am
Quoting SLforex
{quote} It isn't crab.
Can you correct me if I am wrong?
s
  • #8,970
  • May 28, 2014 5:56am May 28, 2014 5:56am
Quoting headfake
{quote} when your looking at order flow reversals quite often you can be tricked into thinking its reversing when it isnt , fake tops tricking in the early shorts to get higher, so a good handle on price action helps and you need to look for evidence of order flow exchanges in areas of interest, you dont seem to have any trouble identifying those areas in advance which should come easy with practice
Thanks. I'm still struggling with the fake outs or false break outs. Putting everything together and staying focused has been tricky. But i'm still learning, eventually reading price will be like second nature.
  • #8,971
  • May 28, 2014 6:02am May 28, 2014 6:02am
Quoting shahidfx
{quote} Can you correct me if I am wrong?
It looks like a BAT. I can't read the ratio for the C leg tho.

Caution: make sure "X point" has good structure and that your in the direction of order flow because it looks like the CD leg is gaining momentum compared to your AB leg. Any pullback might be shallow
  • #8,972
  • May 28, 2014 9:35am May 28, 2014 9:35am
Quoting pampaq
I look a little further down, Greetings {image}
arriving in the PRZ, tight SL and TP as 38% of all the move.
We'll see, bassist mmtum is still strong.
However, it is possible to see that the price level is rejected, and is gaining bullish strength.
We'll see, Greetings
Attached Image(s) (click to enlarge)
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  • #8,973
  • May 28, 2014 8:58pm May 28, 2014 8:58pm
Quoting Mack2013
{quote} Thanks. I'm still struggling with the fake outs or false break outs. Putting everything together and staying focused has been tricky. But i'm still learning, eventually reading price will be like second nature.
dont be too hard on ur self its a long road ... The false breaks stopping you out do you mean ?
Never said I was Batman,all I'm saying is you'll never see us together.
  • #8,974
  • Edited May 29, 2014 12:47am May 28, 2014 11:02pm | Edited May 29, 2014 12:47am
Quoting dargane
{quote} Taken out at BE. Price bounced hard off of the weekly S1 pivot level. Decided to move stop to BE.
good eyes price excelerated right through that structure low eh ..... currently in a weak pullback
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPUSD (60 Min) 29_05_2014 ABCD.jpg Size: 74 KB
Never said I was Batman,all I'm saying is you'll never see us together.
  • #8,975
  • May 28, 2014 11:22pm May 28, 2014 11:22pm
a bullish bat pattern is forming in USD/CAD 10min chart.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_USD_CAD_10 Mins_snapshot.png Size: 41 KB
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  • #8,976
  • May 28, 2014 11:34pm May 28, 2014 11:34pm
A gartley has formed in EUR/CAD 10min.
Attached Image (click to enlarge)
Click to Enlarge Name: Chart_EUR_CAD_10 Mins_snapshot.png Size: 30 KB
s
  • #8,977
  • May 28, 2014 11:41pm May 28, 2014 11:41pm
Quoting shahidfx
a bullish bat pattern is forming in USD/CAD 10min chart. {image}
no A-B has to make 61.8

there is others there too
Never said I was Batman,all I'm saying is you'll never see us together.
  • #8,978
  • May 28, 2014 11:51pm May 28, 2014 11:51pm
Quoting headfake
{quote} no A-B has to make 61.8 there is others there too
Can you please elaborate?
s
  • #8,979
  • May 29, 2014 12:03am May 29, 2014 12:03am
Quoting shahidfx
{quote} Can you please elaborate?
Hi yes pattern rules are a bit different on this thread for BAT the A-B leg has to make 61.8 to 78.6

yeah sorry i meant the others were different harmonic patterns .......

aggressive C
AB=CD
Never said I was Batman,all I'm saying is you'll never see us together.
  • #8,980
  • May 29, 2014 1:00am May 29, 2014 1:00am
think price might go a bit lower then rally on this one

Attached Image (click to enlarge)
Click to Enlarge Name: $USDCAD (15 Min) 29_05_2014.jpg Size: 112 KB
Never said I was Batman,all I'm saying is you'll never see us together.
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