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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

  • #11,161
  • Edited 2:40am Nov 26, 2014 2:05am | Edited 2:40am
Sharing an ABCD completion on EURAUD.

Price barely grazed my PRZ before reacting violently to the opposite direction. Didn't enter.

Attached Image (click to enlarge)
Click to Enlarge Name: $EURAUD (144 Tick) 11_26_2014 (1).png Size: 61 KB


UPDATE:

Attached Image (click to enlarge)
Click to Enlarge Name: $EURAUD (144 Tick) 11_26_2014 (2).png Size: 71 KB
  • #11,162
  • Edited 2:33am Nov 26, 2014 2:22am | Edited 2:33am
Quoting Wolves77
{quote} Cheers for the feedback youngcroc, i think we were both on the same page as far as the projection, its just i think i didn't explain it properly on the chart. There was a big increase in projection on the way up with a shallow 38.2 retracement, so assumption was a NSH, but price held and created a DT. In Mr Pips video he draws projections from swing back to swing back, hopefully the pic below does a better job than my original chart {image} As for the second part (the trade itself), that was a great bit of observation, that seems so obvious...
Hello again, Wolves77. With all due respect, I think you got projection wrong there. This was what I understood from his order flow video.
Attached Image (click to enlarge)
Click to Enlarge Name: Order Flow.png Size: 167 KB
  • #11,163
  • Nov 26, 2014 3:04am Nov 26, 2014 3:04am
short euro

Attached Image (click to enlarge)
Click to Enlarge Name: eur abcd.jpg Size: 64 KB
Never said I was Batman,all I'm saying is you'll never see us together.
  • #11,164
  • Nov 26, 2014 3:20am Nov 26, 2014 3:20am
Quoting headfake
short euro {image}
I understand your reason for taking this trade.

Wouldnt be too confident of taking it myself as price has stayed in PRZ for too long.

If taken, I suggest aggressive management
  • #11,165
  • Nov 26, 2014 4:41am Nov 26, 2014 4:41am
Missied this one. Completion of an AB=CD on the EU M15. Gonna keep an eye on this pair, expecting price to come back into the green box and then look for a shorting opportunity.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15.png Size: 68 KB
Damn The Torpedoes, Full Speed Ahead!
  • #11,166
  • Edited 5:05am Nov 26, 2014 4:50am | Edited 5:05am
Quoting amfx
{quote} I understand your reason for taking this trade. Wouldnt be too confident of taking it myself as price has stayed in PRZ for too long. If taken, I suggest aggressive management
Hi amfx thanks for your concerns with the eur/usd trade they are appreciated , this trade was a no brainer set up for me personally and a must take trade ... I always manage trades aggressively too... currently up 30 pips
Never said I was Batman,all I'm saying is you'll never see us together.
  • #11,167
  • Edited 6:08am Nov 26, 2014 5:16am | Edited 6:08am
Quoting YoungCroc
{quote} Well said and thanks!
adhere to my rules and AU trade hit target with 26pip and drop like stone right at target.
Attached Image (click to enlarge)
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Empower Your Mind
  • #11,168
  • Nov 26, 2014 5:22am Nov 26, 2014 5:22am
A trade operated by ONE TO ONE in area of supply, up to 38%, greetings.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDH138%.png Size: 75 KB
Click to Enlarge Name: EURUSDM5entry.png Size: 53 KB
Click to Enlarge Name: EURUSDH1onetoone.png Size: 66 KB
  • #11,169
  • Nov 26, 2014 11:05am Nov 26, 2014 11:05am
Update locked in 50 Strong support area before BE point
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPNZD (60 Min) 11_26_2014.jpg Size: 142 KB
If you fail to plan, you plan to fail.
  • #11,170
  • Nov 26, 2014 1:32pm Nov 26, 2014 1:32pm
Quoting YoungCroc
{quote} Hello again, Wolves77. With all due respect, I think you got projection wrong there. This was what I understood from his order flow video. {image}
Apologies youngcroc, you are absolutely right, i originally watched the vids as i was going through the thread (which was some time ago) and even tho i watched each one a couple of times i've clearly got mixed up on projection somewhere along the way. I think its time for me to watch them all again now i'm up to date on the thread.
Anyway, enough of my lame excuses ,

this was the revised, simplified trade i was looking at after your comments and it worked a treat. I ended up missing the trade as it unfolded overnight, but its nice to see things going in the right direction. no pun intended.

Attached Image (click to enlarge)
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  • #11,171
  • Nov 26, 2014 1:34pm Nov 26, 2014 1:34pm
Quoting headfake
{quote} Hi amfx thanks for your concerns with the eur/usd trade they are appreciated , this trade was a no brainer set up for me personally and a must take trade ... I always manage trades aggressively too... currently up 30 pips

Took + 27 pips struggling to get through supp, would have been a BE trade as per rules
Never said I was Batman,all I'm saying is you'll never see us together.
  • #11,172
  • Nov 26, 2014 1:47pm Nov 26, 2014 1:47pm
Hi just found this thread an slow working my way through it
Will it be ok to post practise screen shots an let me know it im heading in the right direction, as I start to learn this

Have I done this right

https://charts.mql5.com/6/330/usdcad...are-corp-2.png
  • #11,173
  • Nov 26, 2014 1:50pm Nov 26, 2014 1:50pm
Quoting Mr. Pip
Update locked in 50 Strong support area before BE point {image}
nice
Never said I was Batman,all I'm saying is you'll never see us together.
  • #11,174
  • Nov 26, 2014 2:46pm Nov 26, 2014 2:46pm
Ok, here's another attempt at a potential upcoming trade.


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  • #11,175
  • Nov 26, 2014 5:57pm Nov 26, 2014 5:57pm
Quoting Wolves77
Ok, here's another attempt at a potential upcoming trade. {image}
I'd want to see a bit more confluence going into your prz smaller abcds for example , you have res just above that low too in your zone too , they act like a magnet to price .. also your target has some real thick structure to get through, just a few things to be aware of ....
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf 15m ratios 271114.jpg Size: 81 KB
Never said I was Batman,all I'm saying is you'll never see us together.
  • #11,176
  • Nov 27, 2014 2:09am Nov 27, 2014 2:09am
Hello guys. I'm currently short on EU. Will check price action on each my targets to see if it merits closing the trade.

UPDATE: Now at BE+5.
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD (144 Tick) 11_27_2014 (3) (Live 1.2).png Size: 74 KB
  • #11,177
  • Nov 27, 2014 2:14am Nov 27, 2014 2:14am
Quoting Wolves77
{quote} Apologies youngcroc, you are absolutely right, i originally watched the vids as i was going through the thread (which was some time ago) and even tho i watched each one a couple of times i've clearly got mixed up on projection somewhere along the way. I think its time for me to watch them all again now i'm up to date on the thread. Anyway, enough of my lame excuses , this was the revised, simplified trade i was looking at after your comments and it worked a treat. I ended up missing the trade as it unfolded overnight, but its nice to see...
No problem man. We're good.

There'll be a lot of opportunities to trade. Good to see that setup worked out.
  • #11,178
  • Nov 27, 2014 2:15am Nov 27, 2014 2:15am
Goodmorning everybody,

Already had two trades on the GU and EU.
GU was an abcd completion. saw the rotation and entered short. move went quick. traded it to the 61,8.
EU is an agg C. which could result in an gartley completion/
Attached Image(s) (click to enlarge)
Click to Enlarge Name: $GBPUSD (233 Tick) 27-11-2014.jpg Size: 176 KB
Click to Enlarge Name: $EURUSD (233 Tick) 27-11-2014.jpg Size: 205 KB
  • #11,179
  • Nov 27, 2014 2:18am Nov 27, 2014 2:18am
Quoting DeepakJ
Goodmorning everybody, Already had two trades on the GU and EU. GU was an abcd completion. saw the rotation and entered short. move went quick. traded it to the 61,8. EU is an agg C. which could result in an gartley completion/ {image} {image}
Nice quick profit there on the GU! I'm in that EU trade as well with removed risk.
  • #11,180
  • Nov 27, 2014 2:23am Nov 27, 2014 2:23am
Quoting YoungCroc
{quote} Nice quick profit there on the GU! I'm in that EU trade as well with removed risk.
GU went very quick! if every trade would go like that.........
The Gartley on EU is likely to fail. too much momentum. So will see if it breaks the lows
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