DislikedGOLD. 1to1, an hour long awaiting input pattern, mmtum much bearish, enter with force changing evidence. regards {image}Ignored
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Ratios & Harmonics: a Different Way to Trade
- #9,964
- Aug 1, 2014 12:53am Aug 1, 2014 12:53am
Hi guys, i m new here but trading FX at more than 7 years with other strategy than harmonic. do y think this kind of bearish crab is possible in USD/JPY 240 min or is not respecting the 50/61.8 fibo BC downtrend {image}
I think its correct. and will test resistance again.
one thing. Mr. Pip. only wants pure harmonics. hence no one uses indicators...stoch, MA...etc.... its his rule. in return he teaches us his method.
choose a job you love and you will never have to work a day in your life
- #9,965
- Edited 8:09am Aug 1, 2014 7:12am | Edited 8:09am
- | Joined May 2013 | Status: Trader | 518 Posts
USDCAD M5
Perspective :- 
update 1 :-
Price hit TP1 and has almost reached 50% of AD, Stop adjusted to BE
update 2 :- Price went past update SL at BE, but I did not exit, am still in, because of the awful late entry. Planned to keep the SL at point D instead.
update 3 :- 61.8% AD hit
ENTERED AT 1.09286 AND EXITED AT 1.08936, REWARD 0.0035 (against an expected reward of 0.00374), CALL CLOSED.
Perspective :-
- ABCD
- Price running into structure which has proved to be supply zones as well demand zone previousy in the Daily chart.
- Angle of approach to the structure is not so powerful. Slanting and not much momentum the way it is.
- Except for half of the AB, other moves to the down are pretty strong and moves to the up are pretty weak and slow. (example = BC leg is pretty fierce)
Levels :-
- Entered already at 1.09286 (logic?, break below previous low in M1)
- SL is at 1.09709 which is the 161.8% of AB
- TP1 is at 1.09111 which is the 38.2% of AD
- TP2 is at 1.08912 which is the 61.8% of AD
- RR is at -0.00421/0.00374(missed the D point, but not waiting for a re-test so missed a proper RR)
update 1 :-
Price hit TP1 and has almost reached 50% of AD, Stop adjusted to BE
update 2 :- Price went past update SL at BE, but I did not exit, am still in, because of the awful late entry. Planned to keep the SL at point D instead.
update 3 :- 61.8% AD hit
ENTERED AT 1.09286 AND EXITED AT 1.08936, REWARD 0.0035 (against an expected reward of 0.00374), CALL CLOSED.
I follow only one person and his strategies...
good morning traders wooo-hooo ! was able to catch this AB=CD late. I was against order flow and the down swing was strong so I only had conservitive targets. also structure was on the weaker side. I front run the Tp at 38.6 minus 3-4 pips to make sure I got filled. Its a good morning... +26pips Entry was on the 2 rejections at 0442 hrs on the chart {image}
(http://i.imgur.com/0A6kkrj.gif)
I follow only one person and his strategies...
{quote} hi I think its correct. and will test resistance again. one thing. Mr. Pip. only wants pure harmonics. hence no one uses indicators...stoch, MA...etc.... its his rule. in return he teaches us his method.
Thks for your answer, understood than mr Pip don t want no one using others indicators, but like i said, i m doing that way at more than 7 years with some sucess.
i think harmonic is a very good tec. and could help us to reach our goal but you can t just use one way to trade, you have to mix them to have the best result.
Will send my other graf without the others indicators. Aparently it was a bearish crab....
- #9,972
- Edited 10:45am Aug 1, 2014 9:38am | Edited 10:45am
- | Joined May 2013 | Status: Trader | 518 Posts
EURAUD M5
Perspective.:- 
Update 1 :- Still waiting for this supply demand range to be taken out.
Update 2 :- Price hit 50% of CD leg, SL adjusted to BE
Perspective.:-
- ABCD's possible aggressive C long.
- The demand zone is pretty strong.
- The price is at 50% if previous main swing in the daily chart.
- In H1 we have the price on it's way to the D point of an AB=CD.
Levels :-
- Entered at of 1.44105
- SL is at 1.43639 which is A point
- TP is at 1.44668 (halfway through which we can adjust SL to BE, i.e. 50% CD) (TP is 161.8% AB)
- RR is at -0.00466/0.00563
Update 1 :- Still waiting for this supply demand range to be taken out.
Update 2 :- Price hit 50% of CD leg, SL adjusted to BE
I follow only one person and his strategies...
USDJPY M5
Unable to figure this one out, harmonically, ABCD got disobeyed twice(visible clearly in M1), now a third AB=CD(50%) is sorta working out (for now) but without structure on the left this one is hard. Am not trying to trade this one out, but trying to find out what is going on with the price. Any viewpoint for this one would really be appreciated. Thanks.
Unable to figure this one out, harmonically, ABCD got disobeyed twice(visible clearly in M1), now a third AB=CD(50%) is sorta working out (for now) but without structure on the left this one is hard. Am not trying to trade this one out, but trying to find out what is going on with the price. Any viewpoint for this one would really be appreciated. Thanks.
I follow only one person and his strategies...
{quote} AUDJPY M5/M15 AB=CD(38.2%) BLUE AB=CD(50%) RED ABCD BLACK I saw the price taking the supply zone seriously thrice in the M5. Am short at 95.773. The price has formed another demand zone and the is struggling to get past the structure. If it did get past the structure, I am expecting an obedience to the ab=cds we have been observing in this pair. Levels :- My entry is at 95.773(I screwed up with the entry), (completion for ab=cd at 95.844) SL at half of Reward which is at 96.303. TP2 at 61.8% AD TP1 at 38.2% AD 95.278 RR at -0.530/0.844 {image}...
I follow only one person and his strategies...
- #9,975
- Aug 1, 2014 11:11am Aug 1, 2014 11:11am
USDJPY M5 Unable to figure this one out, harmonically, ABCD got disobeyed twice(visible clearly in M1), now a third AB=CD(50%) is sorta working out (for now) but without structure on the left this one is hard. Am not trying to trade this one out, but trying to find out what is going on with the price. Any viewpoint for this one would really be appreciated. Thanks. {image}
good day my friend.
4h chart says down. based on 5 minute my first target down is about 102.5 as per 3 drives lets see what happens
choose a job you love and you will never have to work a day in your life
{quote} good day my friend. 4h chart says down. based on 5 minute my first target down is about 102.5 as per 3 drives lets see what happens
I follow only one person and his strategies...
EURCHF H1,
Perspective :- 
Perspective :-
- Aggressive C buy in an ABCD.
- Structure below, which was supply zone is now serving as demand zone.
- Price moved up with good momentum as far as the main swing is concerned. Please note the two big ellipses.
- Move down to the golden ratio was slow and paced with low momentum. Highly visible in the M5/M15.
Levels :-
- Entered at 1.21607 with an Agro C buy in mind.
- SL is at 1.21443 which is the A point.
- TP is at 1.21861 which is the D point. (at 50% CD, we adjust SL to BE).
- RR is -0.00164/0.00254.
I follow only one person and his strategies...
- #9,979
- Edited 3:58pm Aug 1, 2014 12:45pm | Edited 3:58pm
- | Joined May 2013 | Status: Trader | 518 Posts
EURAUD M5 Perspective.:- ABCD's possible aggressive C long. The demand zone is pretty strong. The price is at 50% if previous main swing in the daily chart. In H1 we have the price on it's way to the D point of an AB=CD. Levels :- Entered at of 1.44105 SL is at 1.43639 which is A point TP is at 1.44668 (halfway through which we can adjust SL to BE, i.e. 50% CD) (TP is 161.8% AB) RR is at -0.00466/0.00563 {image} Update 1 :- Still waiting for this supply demand range to be taken out. {image} Update 2 :- Price hit 50% of CD leg, SL adjusted to BE...
update 3 :-
Price made it to 70% of CD leg but ran into structure and retraced to 61.8% which is just above our BE. Will see if price climbs back up from the golden ratio, if not waiting with the trigger in my hand to jump out as soon as it comes down near to BE.
update 4 :-
Price has been flirting around just above BE, I have exited, but here is the catch,
Price trigger here is above 1.44216(the trigger, (only ask))might just give us another aggressive C long of an ABCD, with 1.44603 at TP and SL at 1.43948. I am just gonna watch out for this, and if this happens, I will be on it.
I follow only one person and his strategies...
