THERE IS NO SYSTEM
Ratios & Harmonics: a Different Way to Trade
- #11,261
- Dec 4, 2014 10:43am Dec 4, 2014 10:43am
- Joined Mar 2010 | Status: FUNDAMENTAL IS EVERYTHING | 1,877 Posts
{quote} UPDATE - price formed a HH. Looks like we'll get a retest of the main swing's high. If price breaks through, we could see a possible 1-to-1 of the main swing. {image}
{quote} Entered short on the EU failure at the 127.2 ext of the AB leg. Moved stop to BE + 5 pips. Not much action right now. Doesn't seem like the bears have much conviction. I expect price to hit my first target (38.2 retrace of AD). {image}
- #11,265
- Dec 5, 2014 6:03am Dec 5, 2014 6:03am
- Joined Nov 2012 | Status: Trader | 2,339 Posts
I Have Learned to Take Some Losses to Make Profits
its much better to trade this fibo level to get in to the market w/o being left behind for a big profit but less risk{image}
Watching the EU pair right now. See chart and my thoughts below. {image} Expectation is price will continue down for a 1-to-1 harmonic completion of the main swing.
- #11,274
- Edited 9:03am Dec 8, 2014 3:45am | Edited 9:03am
Goodmorning everybody,
First trade of the day. Still long GBPUSD.
Because of the momentum to the upside the expectation is an shallow pullback to structure.
Update: Exited the trade. the bull enterd the market with a lot of strength. 30 pips.
Long EU in golden ratio with confluence. price made a NSH on the shortterm orderflow. already at BE +5
Exited the trade for 21 pips. Have to go. Expectation for price to reach .2305
First trade of the day. Still long GBPUSD.
Because of the momentum to the upside the expectation is an shallow pullback to structure.
Update: Exited the trade. the bull enterd the market with a lot of strength. 30 pips.
Long EU in golden ratio with confluence. price made a NSH on the shortterm orderflow. already at BE +5
Exited the trade for 21 pips. Have to go. Expectation for price to reach .2305
