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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

  • #9,821
  • Jul 23, 2014 7:00am Jul 23, 2014 7:00am
Quoting kumaramy
{quote} The smaller time frame you go..the more detailed PA you see..This is why I like go up to M1.
Very true.
If you fail to plan, you plan to fail.
  • #9,822
  • Jul 23, 2014 7:01am Jul 23, 2014 7:01am
Quoting kumaramy
{quote} I see this. {image}
Very nice!
If you fail to plan, you plan to fail.
  • #9,823
  • Jul 23, 2014 7:08am Jul 23, 2014 7:08am
Quoting Mr. Pip
{quote} 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.
Thanks. It made NSL..But we also have long term Supply turning Demand at left.
-milkeyway
  • #9,824
  • Edited 8:11am Jul 23, 2014 7:47am | Edited 8:11am
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}
Good morning. Though I would excercise my chart analysis before trading today so this is my thoughts on the order flow you were looking at. I hope it helps.

If anybody else has some imput or if I got something wrong please dont hesitate to interveen.

Just seen that you and Mr.Pip already discussed this.... haha. oh well, good exercise anyway.

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  • #9,825
  • Jul 23, 2014 7:55am Jul 23, 2014 7:55am
Long, orderflow is against me a little more than i would like i have a tight stop
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  • #9,826
  • Jul 23, 2014 8:16am Jul 23, 2014 8:16am
Quoting FineForex
Long, orderflow is against me a little more than i would like i have a tight stop {image}
Since your against order flow would you be going for just target 1 at 38.6%. Seems like theres a little bit of structure there. or will you be going for both target 1 and 2?

And, Since your playing it tight, would you also be trailing your stops, if we get some clear swings? Just curious, Thanks...
  • #9,827
  • Jul 23, 2014 8:29am Jul 23, 2014 8:29am
Quoting Mr. Pip
Short AUDUSD {image}
Mr.Pip
buyers have lost strength, but the sellers are still unable to take advantage
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  • #9,828
  • Jul 23, 2014 8:36am Jul 23, 2014 8:36am
Quoting Mr. Pip
{quote} PA is ranging for the pair now any long would have to be managed aggressively.
Thanks. Can I ask you why and when the PA started ranging and how do you see that ?
  • #9,829
  • Jul 23, 2014 8:47am Jul 23, 2014 8:47am
Quoting FineForex
Long, orderflow is against me a little more than i would like i have a tight stop {image}
update 1, hit the 61.8 fib of smaller abcd +11. Want to see a NSH here and chase 1st major resistance marked by purple line
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  • #9,830
  • Jul 23, 2014 8:51am Jul 23, 2014 8:51am
Evaluating strengths and weaknesses in resistance zone, seeking 38% retracement if checked
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  • #9,831
  • Jul 23, 2014 8:55am Jul 23, 2014 8:55am
Quoting pampaq
Evaluating strengths and weaknesses in resistance zone, seeking 38% retracement if checked {image}
In the pivot, many they entered long, if you break down the pivot, to join the SL and have good bass player now, it will not break out quick, that's my expectation.
regards
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  • #9,832
  • Jul 23, 2014 9:17am Jul 23, 2014 9:17am
Quoting FineForex
{quote} update 1, hit the 61.8 fib of smaller abcd +11. Want to see a NSH here and chase 1st major resistance marked by purple line {image}
target one came within 2 pips of being reached thats good enough to move stops to BE, +20 --- took 1/3 profit as price struggles to overcome level
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  • #9,833
  • Jul 23, 2014 9:18am Jul 23, 2014 9:18am
Quoting pampaq
{quote} In the pivot, many they entered long, if you break down the pivot, to join the SL and have good bass player now, it will not break out quick, that's my expectation. regards {image}
At the point of decision, see as follows, greetings.
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  • #9,834
  • Jul 23, 2014 9:23am Jul 23, 2014 9:23am
Quoting pampaq
{quote} At the point of decision, see as follows, greetings. {image}
We can take some profit and adjust SL
regards
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  • #9,835
  • Jul 23, 2014 9:31am Jul 23, 2014 9:31am
Quoting pampaq
{quote} We can take some profit and adjust SL regards {image}
We have taken profits, adjusted SL, see if the previous support now resistance keeps the price down, if you break up could close the whole operation.
regards
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  • #9,836
  • Jul 23, 2014 9:31am Jul 23, 2014 9:31am
Quoting FineForex
{quote} target one came within 2 pips of being reached thats good enough to move stops to BE, +20 --- took 1/3 profit as price struggles to overcome level {image}
update 3.. target 1 officially reached price is interacting with my box

possible outcomes:

- retraces in which case i expect a HL to form due to NSH just achieved, or
- keeps going up
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  • #9,837
  • Jul 23, 2014 9:41am Jul 23, 2014 9:41am
Quoting pampaq
{quote} We have taken profits, adjusted SL, see if the previous support now resistance keeps the price down, if you break up could close the whole operation. regards {image}
New support to the left, if broken, will BE and zero pain, but rather we will assess strengths and weaknesses, to see if we close the trade.
regards
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  • #9,838
  • Jul 23, 2014 9:57am Jul 23, 2014 9:57am
Quoting pampaq
{quote} New support to the left, if broken, will BE and zero pain, but rather we will assess strengths and weaknesses, to see if we close the trade. regards {image}
We expect a full pullback in this second area of support, if it accelerates downward, likely to break, but rather could close operation. They go eight candles in this area.
regards
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  • #9,839
  • Jul 23, 2014 10:03am Jul 23, 2014 10:03am
Quoting FineForex
{quote} update 3.. target 1 officially reached price is interacting with my box possible outcomes: - retraces in which case i expect a HL to form due to NSH just achieved, or - keeps going up {image}
Nice read. Great job
  • #9,840
  • Jul 23, 2014 10:04am Jul 23, 2014 10:04am
Quoting pampaq
{quote} We expect a full pullback in this second area of support, if it accelerates downward, likely to break, but rather could close operation. They go eight candles in this area. regards {image}
Break and Fail price to that level, we close this part with +8 pips, Greetings
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