Ratios & Harmonics: a Different Way to Trade | Page 581 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

"Ratios & Harmonics: a Different Way to Trade." Summary 37 replies

Learning to trade with harmonics 11 replies

Time for Change - Pivots & Harmonics to freedom 67 replies

180 reasons to trade Harmonics and Patterns 13 replies

Group Trading based on Elliott wave and Harmonics 0 replies

Attachments: Ratios & Harmonics: a Different Way to Trade
Exit Attachments

Ratios & Harmonics: a Different Way to Trade

  • #11,601
  • Jan 7, 2015 9:10am Jan 7, 2015 9:10am
Again against order flow so tight leash at BE up 5
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPUSD (233 Tick) 1_7_2015Trade 4 Update 1.jpg Size: 113 KB
If you fail to plan, you plan to fail.
  • #11,602
  • Jan 7, 2015 9:18am Jan 7, 2015 9:18am
Trade update
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPUSD (233 Tick) 1_7_2015 Trade 4 udate 2.jpg Size: 113 KB
If you fail to plan, you plan to fail.
  • #11,603
  • Jan 7, 2015 9:23am Jan 7, 2015 9:23am
Final update one the trade closed it for +12 so today 4 trades 3 winners 1 loser total green pips 26 have to quit for the day have some business to attend to. Good trading to all!!!
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPUSD (233 Tick) 1_7_2015 Final.jpg Size: 110 KB
If you fail to plan, you plan to fail.
  • #11,604
  • Jan 7, 2015 10:04am Jan 7, 2015 10:04am
Too bad I had to step away could have cleaned house today. Oh well there is always tomorrow.
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPUSD (233 Tick) 1_7_2015.jpg Size: 108 KB
If you fail to plan, you plan to fail.
  • #11,605
  • Edited 11:47am Jan 7, 2015 10:12am | Edited 11:47am
Quoting pampaq
Looking for C, we have now XA AB BC, control, if it breaks MS, there take profits, adjust SL. We Will See. . {image} {image}
out at + 3, lesson, in this area of demand, DZ, the expectation must be a Pullback COMPLETE.
This type of pullback is a correction zig zag type, ABC and control D if D accelerates high probability that break the MS.
Therefore, it is good to go, short in C, or once made the rupture, in a weak pullback to the broken MS.
A good read, which, for, lack of situational awareness, end up leaving too little.
regards
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NZDUSDM5ABCD.png Size: 65 KB
Click to Enlarge Name: NZDUSDM5tp161%.png Size: 75 KB
  • #11,606
  • Jan 7, 2015 10:47am Jan 7, 2015 10:47am
Quoting LuisPrinc
{quote} Hi Mr. Pip ! I was now seeing your trade day and how you managed it without emotions. very well !! I was looking al day to short as my bias was to the downside. I wonder why did you choose to go against this much of a strong downtrend ? would be better to trade with it and you would gained a lot more of today trading. Did you expected a bounce to the upside with the higher TF ? thanks
Let me know if this is clear enough.
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPUSD (233 Tick) 1_6_2015.jpg Size: 98 KB
If you fail to plan, you plan to fail.
  • #11,607
  • Jan 7, 2015 2:36pm Jan 7, 2015 2:36pm
Great to see your trades Mr. Pip!
I can understand that it is distracting to trade and post in the thread at the same time.
Since monday i have been demo trading will al the new knowledge you taught us.
Going great sofar! from tomorrow i will be live trading again.
So will start posting my trades.

Thank you again for the webinar, helped me to take the next step.
  • #11,608
  • Jan 7, 2015 2:37pm Jan 7, 2015 2:37pm
Can anyone offer some insight....am I on the right track?


Quoting Mikali
Good Day Fellow Traders, I'm new to this thread and Harmonics in general....I have been watching the USDJPY and believe I have identified a possible PRZ for a short (if price completes the ABCD pattern) any and all feedback would be appreciated. With thanks, Mikali {image}
  • #11,609
  • Jan 7, 2015 4:03pm Jan 7, 2015 4:03pm
Quoting Mikali
Can anyone offer some insight....am I on the right track? {quote}
it's hard to help you not knowing what time frame are you looking at. Fomationseeker found couple bearish patterns on M30, is that what you are talking about - take a look
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chart_screenshot.png Size: 96 KB
Click to Enlarge Name: chart_screenshot (1).png Size: 112 KB
  • #11,610
  • Jan 7, 2015 4:30pm Jan 7, 2015 4:30pm
Quoting L.Fibonacci
{quote} it's hard to help you not knowing what time frame are you looking at. Fomationseeker found couple bearish patterns on M30, is that what you are talking about - take a look {image} {image}
Hello L.Fibonacci and thanks for your response,

Yes it was the M30 the screen-capture was in my original post (see copy below). I was just looking for some feedback as to whether I was plotting a valid PRZ.

Thanks again,
Mikali
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 46 KB
  • #11,611
  • Jan 7, 2015 4:40pm Jan 7, 2015 4:40pm
Quoting Mikali
{quote} Hello L.Fibonacci and thanks for your response, Yes it was the M30 the screen-capture was in my original post (see copy below). I was just looking for some feedback as to whether I was plotting a valid PRZ. Thanks again, Mikali {image}
seems like you do.
if you go to formationseeker com you can login for free as a guest and take a look at the structure you found and compare that with what the scanner is showing. you'll find some basic edu materials there too
  • #11,612
  • Jan 7, 2015 4:49pm Jan 7, 2015 4:49pm
Quoting Mikali
Good Day Fellow Traders, I'm new to this thread and Harmonics in general....I have been watching the USDJPY and believe I have identified a possible PRZ for a short (if price completes the ABCD pattern) any and all feedback would be appreciated. With thanks, Mikali {image}
Your expectation might very well happen but you made some mistakes. This can't be a ABCD since the BC leg retrace only to 38.2% (your fib retracement should be reversed). It can however become an AB=CD.

Now if you look at order flow you see that the projection is slowing down and correction increases. Add this to a 61.8% retracement (if prize reaches our PRZ) and some previous S/R and we have nice confluence (it would also fulfill a smaller ABCD, see the blue lines). So lets see how price reacts to the PRZ if it gets there.

Attached Image (click to enlarge)
Click to Enlarge Name: Skärmklipp.PNG Size: 65 KB
Rise and rise again until lambs become lions
  • #11,613
  • Jan 8, 2015 3:27am Jan 8, 2015 3:27am
Morning Traders

Cable 1 min

Took a trade against orderflow at extreme oversold levels, with a tight SL, bears were showing signs of weakness.
+12 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: cable.PNG Size: 52 KB
  • #11,614
  • Jan 8, 2015 4:01am Jan 8, 2015 4:01am
Cable 1 min

This time with orderflow. I did take this a little late, but felt confident as of the strong sell-off earlier, and Structure above.
+5 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: cab 1min.PNG Size: 58 KB
  • #11,615
  • Jan 8, 2015 6:16am Jan 8, 2015 6:16am
We trying to break the pivot of reference, if this break, continue, if not broken, take profits and adjust sl.
we will see.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDM5ctrl.png Size: 61 KB
Click to Enlarge Name: GBPUSDM5ctrlslytp.png Size: 62 KB
  • #11,616
  • Jan 8, 2015 6:24am Jan 8, 2015 6:24am
Quoting pampaq
We trying to break the pivot of reference, if this break, continue, if not broken, take profits and adjust sl. we will see. {image} {image}
exit +20
  • #11,617
  • Jan 8, 2015 7:27am Jan 8, 2015 7:27am
Quoting pampaq
{quote} exit +20
Nice one! You amaze me with your trades.
  • #11,618
  • Jan 8, 2015 7:36am Jan 8, 2015 7:36am
First one of the day risk free locked in 5
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPUSD (233 Tick) 1_8_2015.jpg Size: 88 KB
If you fail to plan, you plan to fail.
  • #11,619
  • Jan 8, 2015 7:40am Jan 8, 2015 7:40am
Quoting Mr. Pip
First one of the day risk free locked in 5 {image}
Excellent. Weakness from the bears and an increase in momentum by the bulls. Looks like a great setup!

EDIT - did you buy or sell? On your chart it shows a sell, but it looks like you bought.
  • #11,620
  • Jan 8, 2015 7:44am Jan 8, 2015 7:44am
Took 10 on weakness and sellers entering the market.
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPUSD (233 Tick) 1_8_2015.jpg Size: 83 KB
If you fail to plan, you plan to fail.
40 traders viewing now