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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

  • #11,961
  • Edited 5:25am Jan 16, 2015 5:07am | Edited 5:25am
Quoting PipTrendz
Just placed a losing trade My entry was based on price slowing and had produced a slightly higher low than previously so I believed price may be turning. Price went against me straight away but then returned and got to 7-8 pips profit. At this point I moved my SL to BE but then thought I wanted to give it more room and put it back below structure. This was my error here I think. As I was against OF I should have managed aggressively and at least had it at -2 or BE. {image}
GM traders
I was looking at the same trade but PA didn't give me an entry.
There was a few reasons to go long in that area but no follow thru with the bulls.
Wanted to enter at green arrow.
Looking at the chart again it wasn't the same trade. I was looking lower than you.
Pattern completion, structure, golden zone and bounce off 78fib was what I was looking at.
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Barry
  • #11,962
  • Jan 16, 2015 5:32am Jan 16, 2015 5:32am
Entered this order flow trade. My entry is marked because its an offline chart.
Atm the bears have stopped and turning into a complex pattern. There's a bit of structure to get through downside but with previous sharp drop I am thinking it may push through. Risk 10
haha just saw time, was too engrossed and just got hit by news. Still it was good practice. (stopped out)
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As the lights go by so too do the shadows move
  • #11,963
  • Jan 16, 2015 5:32am Jan 16, 2015 5:32am
Coming up in a movement begun until 1to1 D, and there leave, + 44pips, Greetings news are coming
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  • #11,964
  • Jan 16, 2015 5:42am Jan 16, 2015 5:42am
Quoting Matts Micro
Entered this order flow trade. My entry is marked because its an offline chart. Atm the bears have stopped and turning into a complex pattern. There's a bit of structure to get through downside but with previous sharp drop I am thinking it may push through. Risk 10 haha just saw time, was too engrossed and just got hit by news. Still it was good practice. (stopped out) {image}
re-entered due to a close below the structure just above of my quoted chart. Initial risk 8.5
As the lights go by so too do the shadows move
  • #11,965
  • Jan 16, 2015 5:44am Jan 16, 2015 5:44am
Quoting Matts Micro
Entered this order flow trade. My entry is marked because its an offline chart. Atm the bears have stopped and turning into a complex pattern. There's a bit of structure to get through downside but with previous sharp drop I am thinking it may push through. Risk 10 haha just saw time, was too engrossed and just got hit by news. Still it was good practice. (stopped out) {image}
No clear PA entry for me yet.
Barry
  • #11,966
  • Jan 16, 2015 5:54am Jan 16, 2015 5:54am
Good morning Traders,

Just took this long. I will manage it closely as I am against order flow.
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If you fail to plan, you plan to fail.
  • #11,967
  • Jan 16, 2015 5:56am Jan 16, 2015 5:56am
Quoting Bary
{quote} No clear PA entry for me yet.
Yeps stop out -2.7. Managed SL aggressive considering the bulls that came on board. Perhaps I should have closed aggressively with +6 considering the bull candle. Will hopefully get better with experience
I will wait for a fuller pullback now.
As the lights go by so too do the shadows move
  • #11,968
  • Jan 16, 2015 5:59am Jan 16, 2015 5:59am
Quoting Matts Micro
Entered this order flow trade. My entry is marked because its an offline chart. Atm the bears have stopped and turning into a complex pattern. There's a bit of structure to get through downside but with previous sharp drop I am thinking it may push through. Risk 10 haha just saw time, was too engrossed and just got hit by news. Still it was good practice. (stopped out) {image}
Lol I took the same trade a couple pips higher than you, same result but I moved mine in tight and lost 2
  • #11,969
  • Jan 16, 2015 6:00am Jan 16, 2015 6:00am
BE as weakness is setting in up 11
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If you fail to plan, you plan to fail.
  • #11,970
  • Jan 16, 2015 6:01am Jan 16, 2015 6:01am
Mr Pip is it within your plan to close manually if you see an aggressive move against your position? Like the trade you just posted, I saw it could be bullish but had a bear trade. Nice trade btw
As the lights go by so too do the shadows move
  • #11,971
  • Jan 16, 2015 6:03am Jan 16, 2015 6:03am
Locked in 10 as structure is holding at the moment up 16
If you fail to plan, you plan to fail.
  • #11,972
  • Jan 16, 2015 6:04am Jan 16, 2015 6:04am
Quoting Matts Micro
Mr Pip is it within your plan to close manually if you see an aggressive move against your position? Like the trade you just posted, I saw it could be bullish but had a bear trade. Nice trade btw
I like to lock in and still give the trade a little room.
If you fail to plan, you plan to fail.
  • #11,973
  • Jan 16, 2015 6:08am Jan 16, 2015 6:08am
out on the trail with +10
If you fail to plan, you plan to fail.
  • #11,974
  • Jan 16, 2015 6:10am Jan 16, 2015 6:10am
Quoting Mr. Pip
{quote} I like to lock in and still give the trade a little room.
Thanks, thought so.
In short again (3rd time lucky) @1.5180. Risk 4.2.
As the lights go by so too do the shadows move
  • #11,975
  • Jan 16, 2015 6:17am Jan 16, 2015 6:17am
Quoting Matts Micro
{quote} Thanks, thought so. In short again (3rd time lucky) @1.5180. Risk 4.2.
Looking left at the structure above and the drop from the top candles is my reasoning.
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As the lights go by so too do the shadows move
  • #11,976
  • Jan 16, 2015 6:19am Jan 16, 2015 6:19am
Quoting Matts Micro
{quote} Looking left at the structure above and the drop from the top candles is my reasoning. {image}
I went short too but got a better entry. I waited for the candle to close.
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If you fail to plan, you plan to fail.
  • #11,977
  • Jan 16, 2015 6:22am Jan 16, 2015 6:22am
Quoting Mr. Pip
{quote} I went short too but got a better entry. I waited for the candle to close. {image}
Yer I was a bit aggressive on that one... was holding my breath for a bit.
As the lights go by so too do the shadows move
  • #11,978
  • Jan 16, 2015 6:22am Jan 16, 2015 6:22am
Buyers in the area protect your trade. remove risk
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If you fail to plan, you plan to fail.
  • #11,979
  • Jan 16, 2015 6:27am Jan 16, 2015 6:27am
Locked in 5 strong support area still want to give it room for the NSL expectation.
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If you fail to plan, you plan to fail.
  • #11,980
  • Jan 16, 2015 6:27am Jan 16, 2015 6:27am
Quoting Mr. Pip
Buyers in the area protect your trade. remove risk {image}
Tahnk you, yeah was quick to, couldn't go with 3 red hehe. We're at important level, if breaks could be nice but if goes topside I may enter bullish.
As the lights go by so too do the shadows move
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