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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

  • #11,921
  • Jan 15, 2015 6:44am Jan 15, 2015 6:44am
Quoting pampaq
{quote} I hope you have taken advantage of the information, + 88pips Greetings {image}
  • #11,922
  • Jan 15, 2015 7:03am Jan 15, 2015 7:03am
Went long on the GBPUSD and managed it really tight. Put my TP at 50% of the swing as just wanted to lock in some profit for the day and the markets seem a bit crazy today.

Out for +12

-8 pips on the day so far.

Chart also shows my other -10 pip trade

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Edit: Now in short

Got taken out +8 pips, managed aggressively and probably left some on the table but that takes me to BE for the day.

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  • #11,923
  • Jan 15, 2015 7:08am Jan 15, 2015 7:08am
Looking at an entry at this level if breaks falling TL. Market seems bearish atm though, which is strange considering negative US news just released.
(Picture didn't post 1st time for some reason)
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As the lights go by so too do the shadows move
  • #11,924
  • Jan 15, 2015 7:14am Jan 15, 2015 7:14am
In, Risk: 8.
Edit: Decided to risk two more pips (10) to have stop under Fibo, it only makes sense
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As the lights go by so too do the shadows move
  • #11,925
  • Edited 7:29am Jan 15, 2015 7:18am | Edited 7:29am
A short very aggressive, strength, bullish mmtum, and have not yet made a NHL, however, we have a RF, ie a failure to make a new HH, so expect LH and then a LL, there will evaluate and see if we or out.
regards
LL without mtum, go taking positions, and some profit, and control the trade.
Expectation, a re testing of LH, and then evaluate.
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  • #11,926
  • Jan 15, 2015 7:33am Jan 15, 2015 7:33am
Final trade of the day. Been a bit of a crazy day all round, with tick data issues, loss in connection etc.

Took this trade against order flow on a completion of an ABCD. 1:1 movement to the pip hitting the PRZ then taken the trade at the candle end as it confirmed the trade.

Managed this aggressively as against order flow and got taken out when price dropped quickly.

Attached Image (click to enlarge)
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Really happy with this 11 pip winner as it takes me to +11 for the day, and I expected to have a losing day today. Had to step away earlier as was getting frustrated with a couple of losing trades and system issues, too much emotion and would have made mistakes. Came back after a bite to eat and came out a winner.

Keep emotions out of your game!!
  • #11,927
  • Jan 15, 2015 7:34am Jan 15, 2015 7:34am
Quoting pampaq
A short very aggressive, strength, bullish mmtum, and have not yet made a NHL, however, we have a RF, ie a failure to make a new HH, so expect LH and then a LL, there will evaluate and see if we or out. regards LL without mtum, go taking positions, and some profit, and control the trade. Expectation, a re testing of LH, and then evaluate. {image} {image} {image}
+ 13 pips, mmtum little, I hope other RF, and evaluated entering short greetings
  • #11,928
  • Jan 15, 2015 7:48am Jan 15, 2015 7:48am
Trade #3 (GBPUSD 144T):

Short on the rotation of the golden zone of the recent small swing. Risked 10 for 30. Closed my trade manually for +10 upon bullish movement.

I'm done for the day. My brain is throbbing.
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  • #11,929
  • Jan 15, 2015 7:51am Jan 15, 2015 7:51am
If PA drops to around the zone of the top TL and then turns back up as I think it may do then a longer term H&S will be formed and I may increase my target zone. I may be wrong and lose a bit of profit but at least it's a free trade (+6)
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As the lights go by so too do the shadows move
  • #11,930
  • Jan 15, 2015 7:52am Jan 15, 2015 7:52am
Quoting pampaq
{quote} + 13 pips, mmtum little, I hope other RF, and evaluated entering short greetings
Checking if broken, the Pivot Reference, Greetings
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  • #11,931
  • Jan 15, 2015 7:56am Jan 15, 2015 7:56am
Hello All

Quick cable scalp for +6 on weakness.
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  • #11,932
  • Jan 15, 2015 8:00am Jan 15, 2015 8:00am
Quoting pampaq
{quote} Checking if broken, the Pivot Reference, Greetings {image}
This is why we must learn to wait, the setup indicated did not break down, but looking for a retesteo the last LH, see and evaluate it there. regards
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  • #11,933
  • Jan 15, 2015 8:03am Jan 15, 2015 8:03am
Quoting Matts Micro
If PA drops to around the zone of the top TL and then turns back up as I think it may do then a longer term H&S will be formed and I may increase my target zone. I may be wrong and lose a bit of profit but at least it's a free trade (+6) {image}
Out with a fully nasty move, almost looks like fundamentals but don't see nay news.
As the lights go by so too do the shadows move
  • #11,934
  • Jan 15, 2015 8:24am Jan 15, 2015 8:24am
GU closed for 35,8 pips +

Regards.

H.
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"The future is already written in the past"
  • #11,935
  • Jan 15, 2015 9:31am Jan 15, 2015 9:31am
Quoting PipTrendz
{image} Edit: I might just move to the 5 min chart to try to eliminate this issue as candles will not rely on ticks.
Just some personal observations regarding time vs. tick charts; we're all different and need to find our own comfort zone.

I rely heavily on concepts of momentum and acceleration. The problem I find with time charts is the changes between sessions. Is it fair to compare the momentum of a swing during the Tokyo session to a swing occurring in the London session or the NY session when each candle is the same duration but the market participants have varied substantially? Also, a market open or close can significantly skew the appearance of acceleration.

I frequently find it harder to spot things on a time chart because a lot can be hidden (absorbed) in a M5 candle, or even a M1 candle on days like today.

That isn't to say that I don't sometimes spot things on a time chart that I missed on a tick chart. But on balance I miss more on a time chart than I miss on a tick chart.
  • #11,936
  • Jan 15, 2015 9:53am Jan 15, 2015 9:53am
Quoting pampaq
{quote} This is why we must learn to wait, the setup indicated did not break down, but looking for a retesteo the last LH, see and evaluate it there. regards {image}
entry
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  • #11,937
  • Jan 15, 2015 11:35am Jan 15, 2015 11:35am
Wow Traders, had to put in some over time but managed to recover my day I cam out with +17 really difficult day I was against order flow the whole day but due to already being in trades never really got the opportunity to join order flow.

I didn't let the emotions affect my process and managed my trades and came out on top. Haven't worked this hard in a while. Now I will try to catch up with the thread.
If you fail to plan, you plan to fail.
  • #11,938
  • Jan 15, 2015 11:36am Jan 15, 2015 11:36am
Quoting sniperdebt
Hello Mr.Pips & all Traders, Potential trade EurAud ABCD, Gartley in progress {image}
That would not be a Gartley.
If you fail to plan, you plan to fail.
  • #11,939
  • Jan 15, 2015 11:39am Jan 15, 2015 11:39am
Quoting Mr. Pip
{quote} I'm sorry I don't have the ability to pull up that chart so I can't help you.
ooopps! sorry about that Mr. Pip, i flick between the dax and fx, but will make sure to only upload fx charts if i'm looking for any possible feedback.
  • #11,940
  • Jan 15, 2015 11:39am Jan 15, 2015 11:39am
Quoting c49
{quote} Hopefully I am not offensive to anyone but this is how I see the Dax on 14 jan 2015 Hopes it will help you Wolve If Mr Pip can verify one and another , I would be grateful . I know its not 100% conform his method , but plenty of possible trades to make (89 Tick chart German dax) {image}
I agree and nice clear structure to work with. It's never offensive to give an opinion or your point of view.
If you fail to plan, you plan to fail.
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