Ratios & Harmonics: a Different Way to Trade

Quoting Mr. Scott

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{quote} Hi Hansma, Mr. Pip does a fantastic job here, so I mostly try to stay out of the way. Also, I understand he wants the thread's focus to be on orderflow and not patterns, so hopefully he will not mind. But I do have a couple charts handy so I will share them. Hopefully, someone may find it helpful. Of course, I would also take a look at GU and UJ to see what you see..... {image} {image}

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Quoting pampaq

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{quote} Dear comrades in trade, Macks and TheScorpS: In 4H, attached my analysis, you can see a ONE TO ONE, and then retreat to 38% and 61%, without reaching to the latter. By breaking the HL, as are we, bearish order flow. And to not break the first LH, 61%, sharply lower runs. In analysis of strength and weakness, we see that a similar magnitude, we expect similar consequences. In short, receding to 61% of a ONE TO ONE, strong resistance at the LH, order flow downward, with similar strength and weakness. And you in your chart, is divergence, bearish...

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Quoting kumaramy

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Looks like potential Gartley. {image}

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Quoting kumaramy

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Looks like potential Gartley. {image}

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Quoting kumaramy

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Looks like potential Gartley. {image}

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Quoting Mr. Pip

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Is this visually better for everyone? Please let me know and also take a look this is the same chart from Friday when I said not to let the order flow fool you. See how the ABCD completed and why it had a very high probability of failing? Also, was it easy to figure out where price was coming back to and where it might go next? {image}

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Quoting Mack2013

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{quote} Is this visually better for everyone? - It works for me. See how the ABCD completed and why it had a very high probability of failing? - For this particular set up. I didn't enguage based of the momentum from the Bears going into my Kill Zone. There were a few barriers were price should of decelerated but didn't. Price extended before showing any weakness. Price pullback to last weeks low where price broke out from this morning. Price retested lows and stalled. Failure to continue and pullback. I didn't enguage on the retest because of the...

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Quoting chotabheem

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AUDCHF M5 The trouble makers here are the round numbers, at .8360(demand) 70(supply) 80(supply) 90(higher end of supply) The price has approached the down side with good momentum the last time with a very STEEP ANGLE and momentum displaying strength on the side of bears. The price has pulled back on a weak momentum mostly slowly going back up on a flat to slightly steep angle displaying weakness. Currently we have the price struggling at the .8370 levels where we see good supply. This level has been tested twice with almost no momentum from bulls.(weak...

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Quoting hansma

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Hi Damien, It´s good for my eyes now - however what makes you point out that break in order flow to the high side ? Thanks Hans

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Quoting Mr. Pip

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{quote} Good work although you might get another test since you made a NSH. Use caution if you are already short.

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Quoting Mr. Pip

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{quote} Hello my friend, look at the breakdown in the order flow on the correction. If the chart is not clear enough let me know and I will go into more detail. {image}

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Quoting chotabheem

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AUDCHF M5 The trouble makers here are the round numbers, at .8360(demand) 70(supply) 80(supply) 90(higher end of supply) The price has approached the down side with good momentum the last time with a very STEEP ANGLE and momentum displaying strength on the side of bears. The price has pulled back on a weak momentum mostly slowly going back up on a flat to slightly steep angle displaying weakness. Currently we have the price struggling at the .8370 levels where we see good supply. This level has been tested twice with almost no momentum from bulls.(weak...

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