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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

  • #12,261
  • Jan 23, 2015 7:05am Jan 23, 2015 7:05am
Quoting Matts Micro
Chart is a bit rough as I am watching PA as it goes... {image}
Took 15 due to PA.
As the lights go by so too do the shadows move
  • #12,262
  • Jan 23, 2015 7:05am Jan 23, 2015 7:05am
Quoting PipTrendz
{quote} Your AB line is incorrect on here. The point B is using a candle from a time before point A and it should always be in the future (if that makes sense!).
Yeah you're right, really sloppy of me.
Staying away from the cable today, it's a mess.
Rise and rise again until lambs become lions
  • #12,263
  • Jan 23, 2015 7:07am Jan 23, 2015 7:07am
Would have taken profit but happy with what I got, it's a bit volatile atm.
As the lights go by so too do the shadows move
  • #12,264
  • Jan 23, 2015 7:11am Jan 23, 2015 7:11am
In an C sell GU risking 10
As the lights go by so too do the shadows move
  • #12,265
  • Jan 23, 2015 7:20am Jan 23, 2015 7:20am
Quoting Matts Micro
In an C sell GU risking 10
Got taken. It may still drop yet, it is one of my trade management issues I need to address. I often don't give enough room and get taken by a pinch. Next trade.
As the lights go by so too do the shadows move
  • #12,266
  • Jan 23, 2015 7:22am Jan 23, 2015 7:22am
Quoting Matts Micro
{quote} Took 15 due to PA.
Nice trade, against OF
Still waiting. I'm always gun shy after first trade is a loser.
Barry
  • #12,267
  • Jan 23, 2015 7:32am Jan 23, 2015 7:32am
A very bad entry, that should not be sold below, however mmtum bearish strength in all TF, I decided to go without waiting for the rebound.
Had monitored the pair, and the correct entry, ok, was in 5M. Being so fast, I checked the pictures, but I could not post them.
TF used, 1M + 33pips.
regards
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  • #12,268
  • Jan 23, 2015 7:33am Jan 23, 2015 7:33am
Quoting Bary
{quote} Nice trade, against OF Still waiting. I'm always gun shy after first trade is a loser.
Thanks Bary. Yeah I can get the same. I thought about re-entering the trade I lost at a better price due to all the wicks on the 5 minute chart but didn't. Also though there is red news for CAD coming up and not sure the impact it will have on GU.
Attached Image (click to enlarge)
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As the lights go by so too do the shadows move
  • #12,269
  • Jan 23, 2015 7:33am Jan 23, 2015 7:33am
Short GU. Missed 1st entry. I think proper entry should have been in the oval.
I took it on the next retrace to that area.
Attached Image (click to enlarge)
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Barry
  • #12,270
  • Jan 23, 2015 7:41am Jan 23, 2015 7:41am
Quoting Bary
Short GU. Missed 1st entry. I think proper entry should have been in the oval. I took it on the next retrace to that area. {image}
Stopped again. -10. First 2 trades losers done for the day. Not reading PA correctly.
Barry
  • #12,271
  • Jan 23, 2015 7:54am Jan 23, 2015 7:54am
Went long though I think I was a bit too early (PA flicked back on close of candle). Giving 12 pips room.
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As the lights go by so too do the shadows move
  • #12,272
  • Jan 23, 2015 8:02am Jan 23, 2015 8:02am
Watching 1.5000 it could be a nice PRZ.
Attached Image (click to enlarge)
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As the lights go by so too do the shadows move
  • #12,273
  • Jan 23, 2015 8:03am Jan 23, 2015 8:03am
Quoting pampaq
A very bad entry, that should not be sold below, however mmtum bearish strength in all TF, I decided to go without waiting for the rebound. Had monitored the pair, and the correct entry, ok, was in 5M. Being so fast, I checked the pictures, but I could not post them. TF used, 1M + 33pips. regards {image} {image} {image} {image}
That is definitely not where you'd normally enter a short trade, but green pips!
Barry
  • #12,274
  • Jan 23, 2015 8:04am Jan 23, 2015 8:04am
Quoting Matts Micro
Went long though I think I was a bit too early (PA flicked back on close of candle). Giving 12 pips room. {image}
Looking good Matts.
Barry
  • #12,275
  • Jan 23, 2015 8:05am Jan 23, 2015 8:05am
I have been on the sidelines today so far, a bit tentative about entering into a ranging GBPUSD market. That said, looks like it is trying to break up now.
  • #12,276
  • Jan 23, 2015 8:06am Jan 23, 2015 8:06am
Quoting Bary
{quote} Stopped again. -10. First 2 trades losers done for the day. Not reading PA correctly.
Hi Bary,

I got burned many times when I missed an entry and then jumped in as soon as price returned to that area. Now, I force myself to ask the questions: why has price returned to this area again and so soon? Has it invalidated my entire premise for the trade?

I know it is very easy for me to say this with the benefit of hindsight, but that was a very significant bull candle that pushed price back into your entry zone. It wiped out several bearish candles in one move.

I hope you don't mind the observation.
  • #12,277
  • Jan 23, 2015 8:10am Jan 23, 2015 8:10am
Quoting Bary
{quote} Looking good Matts.
Thanks mate. I jumped out with +21. PA still in my PRZ and didn't want to risk a sudden drop. Is looking a bit bullish atm though.
As the lights go by so too do the shadows move
  • #12,278
  • Jan 23, 2015 8:13am Jan 23, 2015 8:13am
Shorted at 1.4998, risking 12.
As the lights go by so too do the shadows move
  • #12,279
  • Jan 23, 2015 8:14am Jan 23, 2015 8:14am
Goodafternoon everybody,

No trades for me today. Was watching the morning session but didnt like anything on the GBPUSD.
So will be back on Monday.
Wish everybody a nice weekend!
  • #12,280
  • Jan 23, 2015 8:14am Jan 23, 2015 8:14am
For me , I like to have momentum on my side.
My assumption for a selloportunity Euro in 1.1200 - 1.1220 was correct and should have given me a profit with propr MM ,but I did not take it because of increasing upside momentum.Hope this helps.
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