Ratios & Harmonics: a Different Way to Trade

Quoting Masterrmind

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{quote} Yes its looking very bearish........... 127.2 and trendline does not look unreasonable at this stage but I'm sitting this trade out! {image} I will be far more interested once price hits the 127......when I'll be looking to long it..... Masterrmind...........

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Quoting Matts Micro

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{quote} Yer further confirmation is good. My trade could be a bit wobbly yet lets see if these bulls can kick in good. I didn't adjust to B.E. when PA just drew short of the 38 Fib because of the range but if we go up again I will lessen the risk a bit. Currently a 1:1 trade. SL/TP in pic now. (Thunder is rattling the house lol, but have my standby laptop/wireless I.P. if anything drastic happens ) {image}

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Quoting Masterrmind

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{quote} Smart move with the backup plan regarding the internet....... it pays to be always thinking ahead..... Masterrmind..........

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Quoting Matts Micro

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{quote} Yer I have been panic struck once before... never again. It worked out ok as the PA just consolidated and power came on again fairly quick but no SL is no SL haha. Just as I said that my monitor flashed off and on again. If it goes out I prob will let the trade have its way, not worth purchasing wireless (auto connects on laptop to I.P. when usb is plugged in) for a month as I need to for a trade that is already managed.... another flash... it's gona go haha.

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Quoting Masterrmind

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{quote} Not very likely but "What if another SNB occurred just at the time when your trade wasn't covered!"..........ouch!!! Masterrmind........

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Quoting Matts Micro

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{quote} Lol trust me those sorts of thoughts were going through my head at the time. I did actually call the broker and I put in an emergency SL about 80 pips from price (was a slow day and didn't expect much movement). So it actuality it wasn't too bad but that initial fear mixed with thinking of murphy's law was a pretty terrible feeling. It's funny actually. I am looking at the hills on the other side of the valley out my window and the houses over there must be on a different grid because they are dark (Simpsons- Nelson laugh "HaHa") lol. This...

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Quoting Masterrmind

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{quote} Great to hear you survived..........some did not! ISM Manuf news out shortly........ might help to push your trade along (??)....... Masterrmind...........

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Quoting Matts Micro

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{quote} Yer I was short on AU at the time, was thinking, dam this is a nice move, then looked to my other screen and saw the swissy and thought wt..... my broker is broken. Yup news, one way or another. I am in free trade so hope not too much slippage if against.

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Quoting Jamos

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after 2 break evens I am finally into the profit on the GBP/JPY. I am looking to use a trailing stop. {image}

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Quoting Matts Micro

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TP 25pips

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Quoting Masterrmind

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{quote} Well done! Just the little push it needed..........nice! Masterrmind...........

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Quoting Matts Micro

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{quote} Hey, yeah I see the link but it didn't work. I like the order flow you have. I guess it is about trying to create further confluence to strengthen your case. The only problem might be the consolidation in the PRZ, it is something Mr Pip has mentioned a few times that the longer it stays in the PRZ the probabilities may lessen. If it was me this is what I would be looking at. A break above the structure/PRZ may be a good reason to long and you could have a fairly tight stop below the structure, it all depends on your ROE though. {image}

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