Ratios & Harmonics: a Different Way to Trade
- #9,883
- Jul 24, 2014 9:46am Jul 24, 2014 9:46am
{quote} as per my rules i wouldnt call it failed... fibs are still doing their job. still not in this because i dont like the momentum on the way up and still think any reaction would be a smaller one {image}
- #9,885
- Jul 24, 2014 10:14am Jul 24, 2014 10:14am
- Joined May 2011 | Status: Trader | 1,374 Posts
-milkeyway
- #9,886
- Jul 24, 2014 10:18am Jul 24, 2014 10:18am
- | Joined Dec 2013 | Status: Trader | 1,118 Posts
BingoH. {image} {image}
- #9,887
- Jul 24, 2014 10:24am Jul 24, 2014 10:24am
Bingo
now you guys got me looking at this pair lol, found some nice confluence
i would consider shorting at the purple neck line as OF is bearish then look for a long lower at pattern completion
- #9,889
- Jul 24, 2014 10:35am Jul 24, 2014 10:35am
- Joined May 2011 | Status: Trader | 1,374 Posts
{quote} The same place you visit
-milkeyway
- #9,891
- Jul 24, 2014 10:50am Jul 24, 2014 10:50am
- Joined May 2011 | Status: Trader | 1,374 Posts
-milkeyway
{quote} Nice example.... except the first peak looks like it's flipping me the bird
I follow only one person and his strategies...
{quote} we gave back much bearish mmtum, however I managed to get out before, +10 pips, in smaller TF, the control must be constant, each candle gives us the situation, especially if the previous mmtum is very strong, as in this case . There is a video of Mr Pip, who works candle, Xcandle this gives us the possibility to have an expectation and if she is not satisfied, knowing that something is wrong, and when in doubt leave. The candlestick pattern in the blue square, this close to the area of previous support, now resistance strong. says that...
Active trade management gone right = more confidence in future trades. I should get more of this stuff as well pampaq. Very well done. Thanks.
I follow only one person and his strategies...
- #9,897
- Edited 11:49am Jul 24, 2014 11:37am | Edited 11:49am
- Joined Nov 2012 | Status: Trader | 2,339 Posts
{quote}Keep posting more like this. Hans.
I like to learn about Supply and DemandOh wow, I remember , this pattern if you look deeply at London opening hours, I meant the firs 3 or so hours after LO open, if Asian with LO first hours completed an ABCD , then this Supply zone will often get broken , retested with 61.8 fibs and followed by continuation
Look up this chart, is it the same? This pattern often prints at LO, you can have a complete story and I do trade that pattern but always scared to take it since I just newly learnt about it from back testing and forward testing , since it keeps repeating I know one day I will trade those without second
Gold M5 today
I Have Learned to Take Some Losses to Make Profits
- #9,898
- Jul 24, 2014 11:55am Jul 24, 2014 11:55am
{quote} Okay keep me in, which thread?
But also keep in mind the ratios mentioned by mr. Pip. as I see them as very important areas. Also donīt want to disturb the thread with pictures from
other threads out of respect to mr. Pip.
Regards,
Hans
"The future is already written in the past"
EURNZD H4
Perspective :- 
Perspective :-
- ABCD formation completion ripe for a short.
- CD leg has an outstanding amount of momentum but sorta fizzles out around the previous Structure High at 1.57066 but manages to take it out a bit.
- The structure at this supply zone has to be taken out easily but a retracement to the downside is imminent and it could be a shallow one.
- Going by the momentum with which the move from the 1.62000 approached this whole range trading zone in the bottom, we can see some effect now.
- Momentum in M5, M15 as well as H1 indicates the price reacting to the supply zone and could use a pull back.
Levels :-
- ENTRY 1.56712 (below current structure in M5), and only if it is taken out we have a short.
- TP2 61.8% AD of 1.55253
- TP1 38.2% AD of 1.55967
- SL 161.8% AB of 1.57603
- RR -0.00891/0.01459
I follow only one person and his strategies...
- #9,900
- Jul 24, 2014 12:28pm Jul 24, 2014 12:28pm
- Joined Nov 2012 | Status: Trader | 2,339 Posts
I Have Learned to Take Some Losses to Make Profits