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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

  • #12,421
  • Jan 27, 2015 6:19am Jan 27, 2015 6:19am
Quoting PipTrendz
Also on a side note. The entry may look a little random, but the issue is my chart still not picking up all the ticks for some reason. My entry was at the end of a bull candle but then when I reloaded (was messing with timeframes) it loaded and what I originally saw as 1 candle was now showing as about 3-4. Here is an example of what I am talking about from a trade yesterday. Live trading chart (not making as many candles) {image} Then a chart after I reloaded with loads more candles. {image} Strange!!
I don't use NT, but I suspect the same issues are apparent across platforms when dealing with tick charts. Collecting the ticks and then reassembling the bars.
I try to keep my platform on and chart open for as long as possible in an effort to minimize these issues.
  • #12,422
  • Jan 27, 2015 6:21am Jan 27, 2015 6:21am
Quoting honestknave
{quote} Yes, that awful grind in the hour before NY open I've reloaded long already, but will be managing it aggressively in case I've jumped the gun. There may be another bearish drive deeper into the golden zone first. {image}
Out at +15 pips. I didn't like that momentum shift into 61.8AB=CD
Attached Image (click to enlarge)
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Update: original TP would have been hit. Oh well, on to the next one!
  • #12,423
  • Jan 27, 2015 6:25am Jan 27, 2015 6:25am
Quoting Matts Micro
{quote} TP +20. PA in the PRZ for Bat, waiting for a candle confirmation for entry.
It overshot by a fraction but entered with low risk (8 pips). There is further confluence of the hrly chart hitting the 61.8 and strong structure to break above. The bulls are strong however so will be interesting from here.
As the lights go by so too do the shadows move
  • #12,424
  • Jan 27, 2015 6:38am Jan 27, 2015 6:38am
In short again
Attached Image (click to enlarge)
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  • #12,425
  • Jan 27, 2015 6:41am Jan 27, 2015 6:41am
Hi, I'm new here.
Waiting for a shallow correction into the 38,2% - 50% area with the structure. Looking for a buy here when zone is hit and price action is reasonable.
TP would be at the 78,6% of the previuos downswing.

Edit: Bears tried to went down, but the bulls made a strong comeback and only one bearish candle were made. Indicates Bulls are strong atm. I'm in a buy right now, expect to break structure @ 1,1300 soon.

Attached Image (click to enlarge)
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  • #12,426
  • Jan 27, 2015 6:49am Jan 27, 2015 6:49am
Quoting Matts Micro
{quote} It overshot by a fraction but entered with low risk (8 pips). There is further confluence of the hrly chart hitting the 61.8 and strong structure to break above. The bulls are strong however so will be interesting from here.
Out. Bulls are very strong. Still may bounce off structure but wont risk a re-entry.
As the lights go by so too do the shadows move
  • #12,427
  • Jan 27, 2015 7:02am Jan 27, 2015 7:02am
Looking for a potential C sell.
Attached Image (click to enlarge)
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As the lights go by so too do the shadows move
  • #12,428
  • Edited 7:17am Jan 27, 2015 7:05am | Edited 7:17am
Quoting Murksler
Hi, I'm new here. Waiting for a shallow correction into the 38,2% - 50% area with the structure. Looking for a buy here when zone is hit and price action is reasonable. TP would be at the 78,6% of the previuos downswing. Edit: Bears tried to went down, but the bulls made a strong comeback and only one bearish candle were made. Indicates Bulls are strong atm. I'm in a buy right now, expect to break structure @ 1,1300 soon. {image}

Break of 1.1300 and structure with a huge bull candle. SL to BE+2. Looking at price action to decide to close the trade or let it run. Looking for a potential sell in PRZ.

Edit: Candle of indecision. Bears tried to go deeper, but bulls showed up. Strong up momentum. Put SL to +11. Waiting and analyzing PA. Next structure to break @ 1.1330.

Edit2: Closed for +15.
  • #12,429
  • Jan 27, 2015 7:09am Jan 27, 2015 7:09am
See below chart for a trade I entered on the EUR/USD 1M TF. Long term order flow is bullish. For the first time, I actually gave the trade an opportunity to fulfill my expectation.

Attached Image (click to enlarge)
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  • #12,430
  • Jan 27, 2015 7:12am Jan 27, 2015 7:12am
Quoting Matts Micro
Looking for a potential C sell. {image}
Entered. A little deeper than I wanted but PA left without me. Risk: 13.

Red news approaching.
As the lights go by so too do the shadows move
  • #12,431
  • Jan 27, 2015 7:15am Jan 27, 2015 7:15am
Quoting Matts Micro
{quote} Entered. A little deeper than I wanted but PA left without me. Risk: 13. Red news approaching.
Same trade for me.
  • #12,432
  • Jan 27, 2015 7:16am Jan 27, 2015 7:16am
News coming in 15 mins...
  • #12,433
  • Jan 27, 2015 7:18am Jan 27, 2015 7:18am
Quoting Matts Micro
{quote} Entered. A little deeper than I wanted but PA left without me. Risk: 13. Red news approaching.
.
Attached Image (click to enlarge)
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As the lights go by so too do the shadows move
  • #12,434
  • Jan 27, 2015 7:36am Jan 27, 2015 7:36am
As per my expectations the news was USD negative. The big moves in the GU for last trade and momentum in the EU "felt" like the money knew where the market was going, pity I don't have any analysis to back up these "feelings" because I get them often. Out -14.
As the lights go by so too do the shadows move
  • #12,435
  • Jan 27, 2015 7:36am Jan 27, 2015 7:36am
Quoting Matts Micro
{quote} . {image}
Previous trade stopped at BE, second time NY has caught me out

Also in this short too - but looking kinda ugly right now. I had missed the upcoming news
  • #12,436
  • Jan 27, 2015 8:05am Jan 27, 2015 8:05am
After the news, mmtum gold, controlling the structure, we long, take profits and let a party to BE.
regards
Attached Image(s) (click to enlarge)
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  • #12,437
  • Jan 27, 2015 8:07am Jan 27, 2015 8:07am
Quoting pampaq
After the news, mmtum gold, controlling the structure, we long, take profits and let a party to BE. regards {image} {image} {image}

Caught the bull too, green pips to you sir,
first time posting on this thread,
best regards to you mr pip,
learnt so much from you, god bless
One Punch, One Kill
  • #12,438
  • Jan 27, 2015 8:29am Jan 27, 2015 8:29am
Well, here is that drop I was talking about anticipating yesterday. Q. Did I profit from this? A. Unfortunately not, as my attempts at shorting were cancelled by improper stop placement. I tend to place a stop where I don't *want* price to go, rather than where it *shouldn't go* as Mr. Pip says. I am frustrated, but not as much as I would be if I had gotten the stop placement right but the chart reading wrong. This is a problem I can fix, meanwhile it's encouraging to see an analysis play out, at least sometimes.
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  • #12,439
  • Jan 27, 2015 8:35am Jan 27, 2015 8:35am
Been reading the charts pretty good today but missed a few opportunities, EURUSD just completed ABCD and im now shorting it with the expectation of a 61.8 retracement of AD leg which is confluent with nice structure. R/R is great, ~1:4. BE @38.2 retracement.

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Rise and rise again until lambs become lions
  • #12,440
  • Jan 27, 2015 8:38am Jan 27, 2015 8:38am
1st trade. -5
Entered short on pattern completion “D” in golden zone. Against short term OF.

2nd trade. + 8 Same trade as Mr Burns
Short again at pattern completion D. Against OF. TP was at 38fib. Stopped out at +8. Didn’t want to give it all back.
Attached Image(s) (click to enlarge)
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Barry
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