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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

  • #9,181
  • Jun 25, 2014 7:43am Jun 25, 2014 7:43am
wanted to short at RN but passing on it waiting for possible long
Attached Image (click to enlarge)
Click to Enlarge Name: GU june 25.jpg Size: 125 KB
  • #9,182
  • Jun 25, 2014 7:45am Jun 25, 2014 7:45am
Quoting FineForex
{quote} what is your target?
I posted it last night target hit. It was an ABCD target was 1.7000
If you fail to plan, you plan to fail.
  • #9,183
  • Jun 25, 2014 7:46am Jun 25, 2014 7:46am
4 calls 100% big wins lets get on our expectations
If you fail to plan, you plan to fail.
  • #9,184
  • Jun 25, 2014 7:49am Jun 25, 2014 7:49am
Hi Mr.Pip
exercise
arrow: long term order flow
blue: short term order flow
is correct?
http://i1243.photobucket.com/albums/...ps559ef89c.jpg
  • #9,185
  • Jun 25, 2014 7:58am Jun 25, 2014 7:58am
Quoting Mr. Pip
4 calls 100% big wins lets get on our expectations
whats your current expectations on gbpusd ?
  • #9,186
  • Jun 25, 2014 8:11am Jun 25, 2014 8:11am
Quoting Mr. Pip
4 calls 100% big wins lets get on our expectations
I don't know about anyone else but on the GBPUSD. I'm expecting a slight pullback to the 1.6985 then a retest of the 1.70. Strength on the approach of the retest will effect my expectations if the 1.70-1.70050 will hold. Right now I believe it will.

If price makes a candle close above 1.70075, I'll expect more Bullish movement.
  • #9,187
  • Jun 25, 2014 8:23am Jun 25, 2014 8:23am
Quoting FineForex
{quote} whats your current expectations on gbpusd ?
Expectation
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPUSD (233 Tick) 6_25_2014.jpg Size: 172 KB
If you fail to plan, you plan to fail.
  • #9,188
  • Jun 25, 2014 8:24am Jun 25, 2014 8:24am
Quoting Mr. Pip
4 calls 100% big wins lets get on our expectations

Your the MAN D

Aj1
  • #9,189
  • Jun 25, 2014 9:05am Jun 25, 2014 9:05am
Quoting GiovanniV
Hi Mr.Pip exercise arrow: long term order flow blue: short term order flow is correct? {image}
That's pretty good pick one order flow long or short and master it. pick the one you would like to trade.
If you fail to plan, you plan to fail.
  • #9,190
  • Jun 25, 2014 9:18am Jun 25, 2014 9:18am
Quoting Mr. Pip
{quote} Expectation {image}
ok i have the same. pity volume has dried up this last hour.
  • #9,191
  • Jun 25, 2014 9:27am Jun 25, 2014 9:27am
Quoting FineForex
{quote} ok i have the same. pity volume has dried up this last hour.

This has been the case for a while now. Summer Holidays, World Cup etc.
Waiting ages for the price to move.

Aj1
  • #9,192
  • Edited 11:06am Jun 25, 2014 10:49am | Edited 11:06am
Hello,

Even tho the Order flow is still looking Bullish on my chart. I think the Retest of the 1.70 which put in a slightly Lower High and the currently established Lower Low with the strong rejection from the Bears of the 1.70 is evidence that Bears might be taking over.

I'm expecting a complex pullback which looks like a micro ABCD pattern to the 1.69875 which has some ratio confluence and minor structure. then price will continue lower.
I'm expecting Price to gradually zig zag back towards the 1.6960 - 1.6955 level ...... Eventually

GBPUSD

http://icmarkets.ctrader.com/images/screens/Bsfnn.png
  • #9,193
  • Jun 25, 2014 12:40pm Jun 25, 2014 12:40pm
Quoting Mack2013
Hello, Even tho the Order flow is still looking Bullish on my chart. I think the Retest of the 1.70 which put in a slightly Lower High and the currently established Lower Low with the strong rejection from the Bears of the 1.70 is evidence that Bears might be taking over. I'm expecting a complex pullback which looks like a micro ABCD pattern to the 1.69875 which has some ratio confluence and minor structure. then price will continue lower. I'm expecting Price to gradually zig zag back towards the 1.6960 - 1.6955 level ...... Eventually GBPUSD {image}...
Update: Bearish Swing Down looks very weak... Unless price can move below the 1.6970 (the low before the breakout), Im starting to question whether or not price will get to 6960/55 level
  • #9,194
  • Jun 25, 2014 9:03pm Jun 25, 2014 9:03pm
Quoting Mack2013
{quote} Update: Bearish Swing Down looks very weak... Unless price can move below the 1.6970 (the low before the breakout), Im starting to question whether or not price will get to 6960/55 level
Update (GBPUSD) : Well Price never did peirce the 1.6970 Demand level, instead price decided to make a weak zig zag up. Currently the market is testing some minor structure. Long term Order Flow is still DOWN.

For now I expect this area to hold but I wont be surprised if it fails and travels to the 1.7000 handle..

I highlighted 3 possible paths price may take and the areas i'll be looking at

http://icmarkets.ctrader.com/images/screens/pn5wn.png
  • #9,195
  • Jun 26, 2014 9:26am Jun 26, 2014 9:26am
Today I have made ​​many mistakes on BAT EURUSD.
I have not respected my rules.
I did not wait the candle entering the confirmation in advance.
I have not complied with the stop loss placing too far compared to the potential profit.
I do not have respected myself causing me more than the loss of money the confidence in myself.
I did not keep my emotions out of the market allowing my fear to win.

Today I have been a real stupid idiot.
  • #9,196
  • Jun 26, 2014 10:13am Jun 26, 2014 10:13am
Quoting GiovanniV
Today I have made ​​many mistakes on BAT EURUSD. I have not respected my rules. I did not wait the candle entering the confirmation in advance. I have not complied with the stop loss placing too far compared to the potential profit. I do not have respected myself causing me more than the loss of money the confidence in myself. I did not keep my emotions out of the market allowing my fear to win. Today I have been a real stupid idiot.

Shake it off!!
If you fail to plan, you plan to fail.
  • #9,197
  • Jun 26, 2014 10:26am Jun 26, 2014 10:26am
Quoting GiovanniV
Today I have made ​​many mistakes on BAT EURUSD. I have not respected my rules. I did not wait the candle entering the confirmation in advance. I have not complied with the stop loss placing too far compared to the potential profit. I do not have respected myself causing me more than the loss of money the confidence in myself. I did not keep my emotions out of the market allowing my fear to win. Today I have been a real stupid idiot.
Don’t be too hard on yourself, GiovanniV. But remember the feeling. Remember it, and use it as a reminder that you never want to feel like that again. Discipline is hard. I've struggled with the same thing.

Sometimes you hang on to a loser and it reverses but sometimes it keeps running. Then emotions let loose. It may seem funny, but I’ve actually was screaming at my monitor and shaking it, telling myself that I'm not going to sell. I'll show the market and the puppet behind it.... Hahaha! What a delusion. Lol

"Life is a strange and ruthless teacher, It gives you the punishment first, then teaches you the lesson. Learn it, or be punished again."

Rules are there to protect you from yourself. Now, I'm not saying I'm a great market or yoga master. I'm not. I'm just saying, I know what your going through. I'm in the same puddle. I've quickly figure out that a great startegy is useless unless you have the pyschology and to go with it. Fear, Greed, Anger, Hope... they can be great motivators but they have no place in your decision making process. This is easiler said then done.

I guess the question is, "How do you stay discipline?"
  • #9,198
  • Jun 26, 2014 10:26am Jun 26, 2014 10:26am
Trade made ​​today, few pips, but they were necessary.
It is appreciated, strong rejection of price, mmtum was bearish, however a full pulback begins, and the upward swing will takes advantage to make a few pips, but controlled.
Greetings.
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  • #9,199
  • Jun 26, 2014 11:01am Jun 26, 2014 11:01am
GBPUSD

Looking at a 1 to 1 completion with some ratio confluence AB 138.6% & 78.6% of the main leg. (Not a gartley tho. C point doesn't close above or touch 61.8 of the main leg. But a Bat is in play) 170.30 seems to be a strong area of resistance (Supply Level) I'm looking for the reversal at the ABCD tho. Its tight.

Expectations: If we can get above 170.2, I'm expecting price to pullback around 170.30/35. If price doesn't break 170.2, I'm expecting price to retrace back to 1.7005

http://icmarkets.ctrader.com/images/screens/cp5wn.png
  • #9,200
  • Jun 26, 2014 11:35am Jun 26, 2014 11:35am
Well looks like some reading but no interest in learning and posting. I can't twist your arms there is a couple of you that contribute and that's about it. I threw out there 4 live calls with 4 wins and thought that it would spark a fire.

I guess it's harder to ask traders to think these days and very little people are actually interesting in the power of learning to read the chart properly. Am I wasting my time??????

I definitely have other thing I can be doing....
If you fail to plan, you plan to fail.
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