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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

  • #9,801
  • Jul 22, 2014 3:22pm Jul 22, 2014 3:22pm
Quoting hansma
I see a Gartly completed with both 38/61 targets hit. However looking 20/20 hindsight - where would the entry have been made ? Not knowing it was a Gartly at that point and just another move to the upside ? Thanks for any responce / comments. Sorry for not knowing - trying to learn. Hans {image}
I was spotting this Gartley from Yesterday when it started to form the C zone buy, I went witht the buy signal and closed on BE , then today Gartley finished and I sold the PRZ, PA went to +20 and started to struggle and might be forming another deeper than expected 61.8 bullish retracement, so took of 10 pips and closed the trade

I was planning to trade EJ too short where lots pips have been made, but took GJ and happy with whatever gain I made
I Have Learned to Take Some Losses to Make Profits
  • #9,802
  • Jul 22, 2014 6:18pm Jul 22, 2014 6:18pm
Quoting Mr. Pip
{quote} Nice to see you around and yes they are. looking forward to seeing you post.
I'm running the daily business, now. Trading is now a hobby. Got to do what pays the bills, first. Don't have much time anymore for any of this. I shall return in the fall, hopefully.
  • #9,803
  • Jul 22, 2014 7:19pm Jul 22, 2014 7:19pm
Quoting 76bronco
{quote} I'm running the daily business, now. Trading is now a hobby. Got to do what pays the bills, first. Don't have much time anymore for any of this. I shall return in the fall, hopefully.
looking forward to it.
If you fail to plan, you plan to fail.
  • #9,804
  • Jul 22, 2014 7:21pm Jul 22, 2014 7:21pm
final trade update out with 30 pips. Price came deep enough to take out my trail and now shows some strength to the upside. Lets see if this completes to look for the short around 1.9730
If you fail to plan, you plan to fail.
  • #9,805
  • Jul 22, 2014 8:58pm Jul 22, 2014 8:58pm
not taking this but just for fun lets see what happens... lot of structure far left
Attached Image (click to enlarge)
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  • #9,806
  • Jul 23, 2014 2:41am Jul 23, 2014 2:41am
AUDJPY M5

We have an AB=CD (orange) with a 38.2% retracement and the second one on the CD leg of the 1st AB=CD is also comprising of an AB=CD (yellow) with a 50% retracement and both of them heading for a completion at the 95.85 levels, running into the structure from the H1.

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I follow only one person and his strategies...
  • #9,807
  • Jul 23, 2014 4:49am Jul 23, 2014 4:49am
Keeping an eye on this one. USDCAD M5. Price is in my PRZ right now. Looking for PA to confirm. I forgot to add it in the picture, but price made a NSL and pulled back rght into some structure and has confluence with the 61.8 and the 50 fib.
Attached Image (click to enlarge)
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Damn The Torpedoes, Full Speed Ahead!
  • #9,808
  • Jul 23, 2014 5:59am Jul 23, 2014 5:59am
Ended up taking the short.
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Damn The Torpedoes, Full Speed Ahead!
  • #9,809
  • Jul 23, 2014 6:16am Jul 23, 2014 6:16am
Hello Mr. Pip.

I was practicing of my eyes to understand order flow. I tried to guess the order flow of the PA in rectangle box. It looks bearish to me. For you what is the order flow of the box ? and why ? Thanks.
Attached Image (click to enlarge)
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-milkeyway
  • #9,810
  • Jul 23, 2014 6:20am Jul 23, 2014 6:20am
EURNZD M15

Perspective :-

Price is taking stiff demand at the 1.55000 round number.
The area around this round number of 1.5500 has been one of the most supply/demand prone zone if we run a structure analysis for the recent past for this pair.
Completion of the ABCD and the price has taking reaction to the exhaustion point which coincides with the round number and the zone.
Price angle is moderate as far as the dips and the rises are concerned. No momentous moves towards the down or up.

Conclusion and levels :-

A possible ABCD completion with
buy above 1.55113,
TP1 38.2% AD at 1.55366,
TP2 61.8% AD at 1.55700,
SL 161.8% AB at 1.54528,
RR at 0.00585/0.00587

The RR is not that great and moreover this could be much worse. Maybe, since this is a NSL we can wait for the retest of the demand zone and then probably buy at the re-bounce from there on, near the lows, which can save us more pips than entering now. Price is already -0.00277 up from the lows, which eats into our profit. (should the ABCD work in the first place).

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I follow only one person and his strategies...
  • #9,811
  • Jul 23, 2014 6:31am Jul 23, 2014 6:31am
Short AUDUSD
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If you fail to plan, you plan to fail.
  • #9,812
  • Jul 23, 2014 6:36am Jul 23, 2014 6:36am
Quoting Mr. Pip
Short AUDUSD {image}
I did coz order flow looked like bearish to me in rectangle box.
Attached Image (click to enlarge)
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-milkeyway
  • #9,813
  • Jul 23, 2014 6:38am Jul 23, 2014 6:38am
Quoting kumaramy
Hello Mr. Pip. I was practicing of my eyes to understand order flow. I tried to guess the order flow of the PA in rectangle box. It looks bearish to me. For you what is the order flow of the box ? and why ? Thanks. {image}
Looks like a transition. with such previous bearish strength the bears should have not had difficulty in making a NSL or at the very least a test of the lows. The bulls have been able to keep the bears under control and have even produced some NSH in the order flow. Long term it does look bearish but the bulls are trying to change that and at the moment they are succeeding.
If you fail to plan, you plan to fail.
  • #9,814
  • Jul 23, 2014 6:40am Jul 23, 2014 6:40am
Shorted EU as well.
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-milkeyway
  • #9,815
  • Jul 23, 2014 6:46am Jul 23, 2014 6:46am
Here also the order flow looks bearish to me.
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-milkeyway
  • #9,816
  • Jul 23, 2014 6:47am Jul 23, 2014 6:47am
Quoting kumaramy
Shorted EU as well. {image}
You are into the 1M now. How do you like it?
If you fail to plan, you plan to fail.
  • #9,817
  • Jul 23, 2014 6:48am Jul 23, 2014 6:48am
Quoting kumaramy
Here also the order flow looks bearish to me. {image}
Tell me why it does. Consider the facts and tell me technically why you feel that way.
If you fail to plan, you plan to fail.
  • #9,818
  • Jul 23, 2014 6:50am Jul 23, 2014 6:50am
Quoting kumaramy
Shorted EU as well. {image}
Stop moved at BE...now safe..
Attached Image (click to enlarge)
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-milkeyway
  • #9,819
  • Jul 23, 2014 6:52am Jul 23, 2014 6:52am
Quoting Mr. Pip
{quote} You are into the 1M now. How do you like it?
The smaller time frame you go..the more detailed PA you see..This is why I like go up to M1.
-milkeyway
  • #9,820
  • Jul 23, 2014 6:59am Jul 23, 2014 6:59am
Quoting Mr. Pip
{quote} Tell me why it does. Consider the facts and tell me technically why you feel that way.
I see this.
Attached Image (click to enlarge)
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-milkeyway
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