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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

  • #11,601
  • Jan 7, 2015 7:10am Jan 7, 2015 7:10am
Again against order flow so tight leash at BE up 5
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If you fail to plan, you plan to fail.
  • #11,602
  • Jan 7, 2015 7:18am Jan 7, 2015 7:18am
Trade update
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If you fail to plan, you plan to fail.
  • #11,603
  • Jan 7, 2015 7:23am Jan 7, 2015 7:23am
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!!!
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If you fail to plan, you plan to fail.
  • #11,604
  • Jan 7, 2015 8:04am Jan 7, 2015 8:04am
Too bad I had to step away could have cleaned house today. Oh well there is always tomorrow.
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If you fail to plan, you plan to fail.
  • #11,605
  • Edited 9:47am Jan 7, 2015 8:12am | Edited 9:47am
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
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  • #11,606
  • Jan 7, 2015 8:47am Jan 7, 2015 8:47am
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.
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If you fail to plan, you plan to fail.
  • #11,607
  • Jan 7, 2015 12:36pm Jan 7, 2015 12:36pm
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 12:37pm Jan 7, 2015 12:37pm
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 2:03pm Jan 7, 2015 2:03pm
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
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  • #11,610
  • Jan 7, 2015 2:30pm Jan 7, 2015 2:30pm
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
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  • #11,611
  • Jan 7, 2015 2:40pm Jan 7, 2015 2:40pm
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 2:49pm Jan 7, 2015 2:49pm
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.

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Rise and rise again until lambs become lions
  • #11,613
  • Jan 8, 2015 1:27am Jan 8, 2015 1:27am
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.
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  • #11,614
  • Jan 8, 2015 2:01am Jan 8, 2015 2:01am
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.
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  • #11,615
  • Jan 8, 2015 4:16am Jan 8, 2015 4:16am
We trying to break the pivot of reference, if this break, continue, if not broken, take profits and adjust sl.
we will see.
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  • #11,616
  • Jan 8, 2015 4:24am Jan 8, 2015 4:24am
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 5:27am Jan 8, 2015 5:27am
Quoting pampaq
{quote} exit +20
Nice one! You amaze me with your trades.
  • #11,618
  • Jan 8, 2015 5:36am Jan 8, 2015 5:36am
First one of the day risk free locked in 5
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If you fail to plan, you plan to fail.
  • #11,619
  • Jan 8, 2015 5:40am Jan 8, 2015 5:40am
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 5:44am Jan 8, 2015 5:44am
Took 10 on weakness and sellers entering the market.
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If you fail to plan, you plan to fail.
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