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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

  • #10,021
  • Aug 5, 2014 6:37am Aug 5, 2014 6:37am
Quoting chotabheem
{quote} yeah, daily chart has good momentum, and like you specified in your hourly chart, even though the dips had momentum recently the angle of the overall move is still high. Am in on a short at 1.09290 around 78.6 of the retracement from (NS)H to the previous pivot HL in M15. I will be trailing close for this one though, will get whatever is least available and scram. Thanks for your perspective. {image}
USDCAD

Got out of the short at 1.09150 and got back in on a long at 1.09165. I am guessing the bull runs are still a bit lazy and with medium momentum.
Observing two AB=CDs ending just above the current structure.

Attached Image (click to enlarge)
Click to Enlarge Name: usdcad4.PNG Size: 20 KB
I follow only one person and his strategies...
  • #10,022
  • Aug 5, 2014 6:44am Aug 5, 2014 6:44am
Quoting Mr. Pip
Hello Traders, Glad to be back took a vacation with my family. I hope my time away was productive and profitable for everyone. I will be working on the live training event and will be posting instructions here in the next couple of days. It will be in a couple of weeks and I will give everyone plenty of notice to give you all time to see and make the adjustments you need to make on your end. Talk to you real soon and keep posting and helping each other out!!!
Mr Pip welcome back, hope vaca was great. I just got back myself looking forward to continuing trading and am excited along with everyone else for a training session.

side note we have passed 500 pages on this thread i think thats pretty cool.
  • #10,023
  • Aug 5, 2014 7:09am Aug 5, 2014 7:09am
Morning traders anyone looking at any set ups on GBP or EUR related pairs?

im troubleshooting my charts at the moment but should be up and running soon
  • #10,024
  • Aug 5, 2014 7:20am Aug 5, 2014 7:20am
Hi FineForex ! are you danny fine fx investment maybe ?

this is what I am looking at the moment for a C SELL with trend , what do you think ?
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURNZDM5 opp.png Size: 48 KB
  • #10,025
  • Aug 5, 2014 7:35am Aug 5, 2014 7:35am
Quoting LuisPrinc
Hi FineForex ! are you danny fine fx investment maybe ? this is what I am looking at the moment for a C SELL with trend , what do you think ? {image} {image}
hey no but my favorite set up out of the gbp nzd aud or eur aud nzd is gbp/aud at RN


they are all looking threatening tho
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also monitoring this set up on gbpnzd
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  • #10,026
  • Aug 5, 2014 7:42am Aug 5, 2014 7:42am
Quoting chotabheem
{quote} USDCAD Got out of the short at 1.09150 and got back in on a long at 1.09165. I am guessing the bull runs are still a bit lazy and with medium momentum. Observing two AB=CDs ending just above the current structure. {image}
USDCAD again,

closed the 1.09165 long at 1.09492. Initiated a short at 1.09503. (strong resistance from the round number coming together with the completion of these ab=cds.

Attached Image (click to enlarge)
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I follow only one person and his strategies...
  • #10,027
  • Aug 5, 2014 8:08am Aug 5, 2014 8:08am
Ok I see I have longed this setup on gbp usd right now. Look at the bears weakness compared to bullish strenght of a main swing.
Hope this will be a great trade... Comments?
Attached Image (click to enlarge)
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  • #10,028
  • Aug 5, 2014 8:14am Aug 5, 2014 8:14am
Quoting LuisPrinc
Ok I see I have longed this setup on gbp usd right now. Look at the bears weakness compared to bullish strenght of a main swing. Hope this will be a great trade... Comments? {image}
good structure at that level too. nice set up
  • #10,029
  • Aug 5, 2014 8:14am Aug 5, 2014 8:14am
Quoting FineForex
Morning traders anyone looking at any set ups on GBP or EUR related pairs? im troubleshooting my charts at the moment but should be up and running soon
Good morning.

I've been watching this agg c set up on the EURAUD. I'm not sure if I like it tho.

Current Bull swing is stronger then the previous which was very weak but Long term order flow is Down. I got a little ratio confluence at the 61.8 of the main swing.
No harmonics into completion tho. It would of been nice to get a pullback at the last minor structure. Structure seems weak as well.

Not a great case made but was going to see if I can get a weaker retest (Double Top) if I can get a reaction at the 61.8 level. Some nice clear rejections would be nice too
http://icmarkets.ctrader.com/images/screens/QTbwn.png

There a 1 to 1 on the GBPNZD but I dont really like where it completes and the fact that current order flow is switching and going up and gaining momentum. Over all the trend is down tho. I'll be interested where price ends for completion and its initial reaction.
http://icmarkets.ctrader.com/images/screens/YTbwn.png

There is a Bullish cypher on the GBPUSD. I dont trade the cypher but I was hoping to use it as extra confirmation for something else. Theres some USD data out at in 45 min so i'll be monitoring price for new demand or supply exposed to the market
http://icmarkets.ctrader.com/images/screens/MTbwn.png

Not very pretty set ups but hopefully PA can cure the disease.
  • #10,030
  • Aug 5, 2014 8:24am Aug 5, 2014 8:24am
Quoting FineForex
{quote} good structure at that level too. nice set up
feel you about the long term on gbpnzd it is worrisome but this can def be a nice trade
  • #10,031
  • Aug 5, 2014 8:27am Aug 5, 2014 8:27am
Quoting Mack2013
{quote} Good morning. I've been watching this agg c set up on the EURAUD. I'm not sure if I like it tho. Current Bull swing is stronger then the previous which was very weak but Long term order flow is Down. I got a little ratio confluence at the 61.8 of the main swing. No harmonics into completion tho. It would of been nice to get a pullback at the last minor structure. Structure seems weak as well. Not a great case made but was going to see if I can get a weaker retest (Double Top) if I can get a reaction at the 61.8 level. Some nice clear rejections...
i have been short gbp/aud after spread putting BE at 8091 i have been nervous but this level is holding like it should.

should see some lower PA need a RN break here bad

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the reaction def made me feel better about it. happened at the same time audusd hit support and could be starting a bull leg
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  • #10,032
  • Aug 5, 2014 8:34am Aug 5, 2014 8:34am
Quoting FineForex
{quote} feel you about the long term on gbpnzd it is worrisome but this can def be a nice trade
pulled trigger short
  • #10,033
  • Aug 5, 2014 8:38am Aug 5, 2014 8:38am
Quoting FineForex
{quote} feel you about the long term on gbpnzd it is worrisome but this can def be a nice trade
The AUDUSD one looks nice. good structure and nice reaction with deceleration. good luck
  • #10,034
  • Aug 5, 2014 8:40am Aug 5, 2014 8:40am
Quoting Mack2013
{quote} The AUDUSD one looks nice. good structure and nice reaction with deceleration. good luck
not in audusd that shit is too slow for me

i watch it for correlation with gbpaud
  • #10,035
  • Aug 5, 2014 8:46am Aug 5, 2014 8:46am
Quoting FineForex
{quote} not in audusd that shit is too slow for me i watch it for correlation with gbpaud
LOL
  • #10,036
  • Aug 5, 2014 9:00am Aug 5, 2014 9:00am
Quoting chotabheem
NZDCAD M15 A possible ABCD completion at 0.93250
Attached Image (click to enlarge)
Click to Enlarge Name: nzdcad.png Size: 17 KB
{image}
ABCD in NZDCAD and Price reacted to the PRZ and the high was 0.93250, whereas USDCAD is finding demand at current levels.

Attached Image (click to enlarge)
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I follow only one person and his strategies...
  • #10,037
  • Aug 5, 2014 9:03am Aug 5, 2014 9:03am
Quoting chotabheem
{quote} USDCAD again, closed the 1.09165 long at 1.09492. Initiated a short at 1.09503. (strong resistance from the round number coming together with the completion of these ab=cds. {image}
Exited at 1.09437. If the previous higher low is taken out then am entering into a short again.(if at all this happens )
I follow only one person and his strategies...
  • #10,038
  • Aug 5, 2014 9:10am Aug 5, 2014 9:10am
Quoting FineForex
{quote} pulled trigger short
ouch -20 on both. no biggie will study them later.

on to the next one if any others.
  • #10,039
  • Aug 5, 2014 9:36am Aug 5, 2014 9:36am
Quoting FineForex
{quote} ouch -20 on both. no biggie will study them later. on to the next one if any others.
I also got burned on the GBPNZD. entered on completion after a bear bar rejection on the 3 min. I didn't even like the set up but price was moving so fast that my emotion got involved. I didn't want to miss the boat. - 15 . oh well

On the other hand EURAUD is looking nice. Right now i'm at breakeven with the standard price targets. But i'm going to watch how the swings form and see if I can get some extended targets. The reason being for the extended targets is the projection made to establish the NSL and the strength of bears rejecting the retest
http://icmarkets.ctrader.com/images/screens/rpbwn.png
  • #10,040
  • Aug 5, 2014 9:40am Aug 5, 2014 9:40am
One to one, waiting for the 38%
see greetings
caution, much bearish mmtum, when in doubt leave
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