Ratios & Harmonics: a Different Way to Trade

Quoting Mr. Pip

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{quote} Here is the chart I promised you with a detailed explanation. For all these reasons you can still expect a NSL in the overall but might be unreasonable to expect this based on the facts. Are we good? {image}

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Quoting Mr. Pip

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Hello Traders, A quick out look on the EU I have identified the main swing and also some possible correction points. My expectation is for a shallow correction as we had a huge projection. The first level of structure is expected to hold. Some harmonic projections and better ratio confluence would indicate the second point identified by the rectangle but this type of correction would be deeper then expected. This will probably occur later on tonight or during London session so we will see what happens. This my initial approach and how I start my session. I don't care about higher time frames what the daily or anything else says who care I'm not trading those time frame. News is a periods of volatility so be aware of it to adjust your stop or lock in profits. News usually follows expectations and also respects ratios so keep that in mind. There is no need to complicate your analysis with high tech probabilities. Price is going to one of these two areas and the expectation is for a correction. If the first one holds then we have a stronger probability of a NSL if the second holds the over all expectation is still a NSL however the break in structure send a message that the market intends to possible push higher and we may see a high low instead of that NSL. If short remember to protect your trade and remove risk as needed. I hope this help you get a glimpse of the approach. {image}

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Quoting Mr. Pip

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Hello Traders, A quick out look on the EU I have identified the main swing and also some possible correction points. My expectation is for a shallow correction as we had a huge projection. The first level of structure is expected to hold. Some harmonic projections and better ratio confluence would indicate the second point identified by the rectangle but this type of correction would be deeper then expected. This will probably occur later on tonight or during London session so we will see what happens. This my initial approach and how I start my...

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Quoting YoungCroc

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{quote} Hi, Mr. Pip. I'm eyeing this as well. Not sure if my expectations are correct but here is my chart. {image} Here is an update to my expectations. {image} Next update. Price keeps on forming these weak NSHs. {image}

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Quoting gristar

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{quote} Thank you Mr Pip. {quote} The break of structure you meant, does it need the candle to close in the region or a touch will consider it as break?

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Quoting Mr. Pip

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Hello Traders, Looks like everything I said last night on EU has played out. I mentioned that one of the two areas would hold but if the second got hit we could see a higher low and that has indeed happened. I will talk to you guys later but I wanted to share how powerful expectations are and no need to get fancy or complicated. {image}

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Quoting Mr. Pip

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Entry on rotation in the PRZ {image}

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Quoting YoungCroc

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{quote} I appreciate the live call sir. I saw the Gartley as well but my expectations were still fixed to the upside and so I didn't get the enter upon price rotation in the PRZ. My current expectation at the time was still formations of weak highs. I'm pretty sure I'm doing something wrong here. Gah. Am I overthinking things?

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Quoting Mr. Pip

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{quote} There is ton of weakness on the bulls you may be right I took 2.4 pips price should have followed through already. Don't over think this it's not as difficult as you are making it.

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Quoting YoungCroc

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{quote} So, if price fails to form new lows and accelerate away from the PRZ a short time after entry, your trade management approach is to exit the trade for small profit (as expectation is for price to move away from the PRZ with force), am I right?

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