If you fail to plan, you plan to fail.
Ratios & Harmonics: a Different Way to Trade
- #11,503
- Jan 2, 2015 9:49am Jan 2, 2015 9:49am
- Joined Dec 2012 | Status: Trader | 8,124 Posts
The world you desire can be won. It exists.. it is real.. it is possible..
- #11,504
- Jan 2, 2015 10:12am Jan 2, 2015 10:12am
Saw the question of Mr. Pip to late. But still here is my quick analysis:
The magenta lines are the longer term orderflow. Price made an inital NSH with strength. The expectation should have been a shallow pullback to an area of structure followed by a NSH. Price didnt get there on the first try. That should not have happened. of the LH price produced a NSL. This means that on the Long term orderflow we should expect a NSL.
On the Shortterm orderflow price produced a NSH. which retraced to the 61,8% of the main swing. This was an "normal" expectation because the previous swing retraced deeper on stronger momentum.
Because of the strength that is happening at the moment price should have no problem to complete a 1:1.
Bar by Bar:
Bar 1 was a huge bull bear with little to no retracement. the expectation is an continuation of the bull strength.
Bar 2 was an indecision candle price closed in the middle. this already indicates a loss of strength on the side of the bulls.
Bar 3 should have been a clear indication for me to enter short. price closed with minimal rejection to the bears side.
The magenta lines are the longer term orderflow. Price made an inital NSH with strength. The expectation should have been a shallow pullback to an area of structure followed by a NSH. Price didnt get there on the first try. That should not have happened. of the LH price produced a NSL. This means that on the Long term orderflow we should expect a NSL.
On the Shortterm orderflow price produced a NSH. which retraced to the 61,8% of the main swing. This was an "normal" expectation because the previous swing retraced deeper on stronger momentum.
Because of the strength that is happening at the moment price should have no problem to complete a 1:1.
Bar by Bar:
Bar 1 was a huge bull bear with little to no retracement. the expectation is an continuation of the bull strength.
Bar 2 was an indecision candle price closed in the middle. this already indicates a loss of strength on the side of the bulls.
Bar 3 should have been a clear indication for me to enter short. price closed with minimal rejection to the bears side.
- #11,506
- Jan 2, 2015 1:21pm Jan 2, 2015 1:21pm
ok, i'm a little late for the gbpaud chart, but here are my thoughts anyway, as i'm practising on different charts.
My first expectation is for a pullback into the blue zone which is also a 61.8 retracement.
If price enters this zone i would look at bar by bar analysis in order to take a short position.
My expectation would be for price to complete at the red line which is a 1.618 ext of the initial move, there are also potentially two 1:1 moves and the grey support zone.
My first expectation is for a pullback into the blue zone which is also a 61.8 retracement.
If price enters this zone i would look at bar by bar analysis in order to take a short position.
My expectation would be for price to complete at the red line which is a 1.618 ext of the initial move, there are also potentially two 1:1 moves and the grey support zone.
- #11,507
- Jan 2, 2015 4:52pm Jan 2, 2015 4:52pm
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
If you fail to plan, you plan to fail.
- #11,508
- Jan 2, 2015 4:54pm Jan 2, 2015 4:54pm
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
If you fail to plan, you plan to fail.
- #11,516
- Jan 4, 2015 7:39pm Jan 4, 2015 7:39pm
{quote} closing part, hoping to go to 38% {image} {image}
Damn The Torpedoes, Full Speed Ahead!
- #11,518
- Jan 4, 2015 8:59pm Jan 4, 2015 8:59pm
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
If you fail to plan, you plan to fail.