Ratios & Harmonics: a Different Way to Trade | Page 638 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

"Ratios & Harmonics: a Different Way to Trade." Summary 37 replies

Learning to trade with harmonics 11 replies

Time for Change - Pivots & Harmonics to freedom 67 replies

180 reasons to trade Harmonics and Patterns 13 replies

Group Trading based on Elliott wave and Harmonics 0 replies

Attachments: Ratios & Harmonics: a Different Way to Trade
Exit Attachments

Ratios & Harmonics: a Different Way to Trade

  • #12,741
  • Feb 4, 2015 7:30am Feb 4, 2015 7:30am
Quoting Matts Micro
After a few hundred trades I should start winning some Looks like we are going for retrace of this main leg. {image}
Yes I've gone long UJ but PA is struggling to move up......

Masterrmind............
Master your Mind then Master your Trades
  • #12,742
  • Feb 4, 2015 7:46am Feb 4, 2015 7:46am
UJ trade +15 pips

Managed the trade but price has obviously stalled right on top of the 50 fib so closed it out.

Possibly enter again later........

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 25 KB


Masterrmind..........
Master your Mind then Master your Trades
  • #12,743
  • Feb 4, 2015 7:51am Feb 4, 2015 7:51am
Quoting Masterrmind
{quote} Times like these require a very good sense of humor..... Looks like you have that under control..... Masterrmind............
Hehe yer fir me it's a downhill snowball if I start letting losses getting to me, it's just another trade .

I am trying to build a case for a PRZ on the UJ @61.8 of the main leg. Comments from all welcomed.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy 13.png Size: 81 KB
As the lights go by so too do the shadows move
  • #12,744
  • Feb 4, 2015 7:57am Feb 4, 2015 7:57am
Quoting Matts Micro
{quote} Hehe yer fir me it's a downhill snowball if I start letting losses getting to me, it's just another trade . I am trying to build a case for a PRZ on the UJ @61.8 of the main leg. Comments from all welcomed. {image}
Price has stalled @ the 50 fib (which is also fairly close to the Daily Open)and bears have entered the stage (just) and maybe only temporarily but its a patience game at the moment.

Masterrmind........
Master your Mind then Master your Trades
  • #12,745
  • Feb 4, 2015 8:02am Feb 4, 2015 8:02am
Quoting Matts Micro
{quote} Hehe yer fir me it's a downhill snowball if I start letting losses getting to me, it's just another trade . I am trying to build a case for a PRZ on the UJ @61.8 of the main leg. Comments from all welcomed. {image}
Personally I'd be more inclined to look for a PRZ @ 786 because its right on top of the WPV.......... should price action take UJ up there!

Masterrmind........
Master your Mind then Master your Trades
  • #12,746
  • Feb 4, 2015 8:05am Feb 4, 2015 8:05am
UJ

Bears have come on stronger now...........

Masterrmind..........
Master your Mind then Master your Trades
  • #12,747
  • Feb 4, 2015 8:07am Feb 4, 2015 8:07am
Quoting Masterrmind
{quote} Price has stalled @ the 50 fib (which is also fairly close to the Daily Open)and bears have entered the stage (just) and maybe only temporarily but its a patience game at the moment. Masterrmind........
yup, it's prob a positive move. I don't think I'd want to go short if hit on the one swing. In saying that though can't let the bears take complete control

My expectations from here...
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy 14.png Size: 64 KB
As the lights go by so too do the shadows move
  • #12,748
  • Feb 4, 2015 8:13am Feb 4, 2015 8:13am
Quoting Matts Micro
{quote} yup, it's prob a positive move. I don't think I'd want to go short if hit on the one swing. In saying that though can't let the bears take complete control My expectations from here... {image}
I'm short UJ ...... sitting on 3 pips......

Closed it out at BE!

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 25 KB


Masterrmind........
Master your Mind then Master your Trades
  • #12,749
  • Feb 4, 2015 8:17am Feb 4, 2015 8:17am
Quoting Masterrmind
{quote} I'm short UJ ...... sitting on 3 pips...... Masterrmind........
There's a bit of structure to work through. GL
As the lights go by so too do the shadows move
  • #12,750
  • Feb 4, 2015 8:23am Feb 4, 2015 8:23am
Quoting Matts Micro
{quote} There's a bit of structure to work through. GL
That trades gone .... out @BE

Will analyze for a better setup instead of trying to scalp a few pips....

Still sometimes a few pips in the bag is all you need.

Masterrmind...........
Master your Mind then Master your Trades
  • #12,751
  • Feb 4, 2015 8:27am Feb 4, 2015 8:27am
Quoting Masterrmind
{quote} That trades gone .... out @BE Will analyze for a better setup instead of trying to scalp a few pips.... Still sometimes a few pips in the bag is all you need. Masterrmind...........
Yup. Atm I am concentrated on Mr Pip's strat but normally I'd be in there too. Those bears do have some strength to them. Hoping the bulls can reach my PRZ so the bears can turn their game fully on.
As the lights go by so too do the shadows move
  • #12,752
  • Feb 4, 2015 9:57am Feb 4, 2015 9:57am
Just a quick update on my last 2 trades whilst the markets settle down and I look for another entry.

My second trade of the day was a loser. I maybe entered a little early and I hadn't checked about any news coming up, which stung me a little.

The EURUSD had a bearish OF and I was looking for that to continue, with the last swing reversing just touching into the golden zone then 2 bearish candles. I think with the second candle having a lot of rejection should have been an indication to stay out of the trade for the time being. I think I went into the trade as I had an expectation and I had been on the sidelines a lot today and missed a couple of trades I should have taken as my rules were met. Typical that the trade I enter on is one with a little emotion and had not kept upto date on upcoming news.

Anyway price went against me and knocked me out by 12 pips.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-04.02-t2.png Size: 35 KB


Next was a winning trade on the cable.

Price had hit the RN 1.5250 again and it had already had a sharp reaction to this area so was looking for the same. It approached with good momentum and then stalled out. I watched the following 3 candles as they battled with no real winner until a strong bearish candle with little rejection. I was looking for price to move down to previous support and my TP was just within that area, which is clear on the screen shot.

+22 pips

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD-04.02-t3.png Size: 26 KB


+17 pips on the day. Going to watch out for the next 30 mins and if no trades it will be me done for the day.
  • #12,753
  • Edited 12:14pm Feb 4, 2015 11:54am | Edited 12:14pm
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy 15.png Size: 78 KB
As the lights go by so too do the shadows move
  • #12,754
  • Feb 4, 2015 12:13pm Feb 4, 2015 12:13pm
Quoting Matts Micro
{image}

Failed
As the lights go by so too do the shadows move
  • #12,755
  • Feb 4, 2015 11:59pm Feb 4, 2015 11:59pm
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy 7.png Size: 62 KB
As the lights go by so too do the shadows move
  • #12,756
  • Feb 5, 2015 1:56am Feb 5, 2015 1:56am
PA smashed my previous PRZ was a no trade. Looking at the PRZ on of the main swing. Just as I am typing PA has accelerated to the PRZ. Has stopped but will see if a reversal happens.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy 8.png Size: 70 KB
As the lights go by so too do the shadows move
  • #12,757
  • Edited 2:42am Feb 5, 2015 2:12am | Edited 2:42am
Hi traders,

Not been much trading from my side as of late but I followed along with the thread and props to you who kept it going. Anyway I felt like doing some analysis on the cable, enjoy! (Any and all input is appreciated)

EDIT: Should add that Im short @1.5208 and currently BE with TP @1.5150
EDIT: Got stopped out BE, didn't take out previous HL @1.5190 (not noted in chart) but will reenter if PA agrees with me.

LT OF:
Attached Image (click to enlarge)
Click to Enlarge Name: USD (-).png Size: 50 KB


ST OF:
Attached Image (click to enlarge)
Click to Enlarge Name: USD2 (-).png Size: 67 KB
Rise and rise again until lambs become lions
  • #12,758
  • Feb 5, 2015 2:34am Feb 5, 2015 2:34am
Currently at B.E. I was a little late with entry due to the speed that PA hit the PRZ and waited for a bit of extra confirmation.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy 9.png Size: 73 KB
As the lights go by so too do the shadows move
  • #12,759
  • Feb 5, 2015 2:52am Feb 5, 2015 2:52am
Lol stopped out. I perhaps should have had stop above previous structure where my initial entry should have been (ref last posted chart), because I was late my B.E. SL was lower. Time will tell......
Attached Image
As the lights go by so too do the shadows move
  • #12,760
  • Edited 4:34am Feb 5, 2015 3:47am | Edited 4:34am
Well price didn't give a bearish signal for me to reenter but what I failed to recognise on the very short term of was that the "double top" did in fact make a weak NSH followed by a HL. Also my NSL on the chart was very weak so should expect a deep correction and possibly retest of NSH.

Attached Image (click to enlarge)
Click to Enlarge Name: USD2 (-).png Size: 60 KB


EDIT: Out on BE.
EDIT2: Price broke previous NSH, back to the drawing board.
Rise and rise again until lambs become lions
11 traders viewing now