Ratios & Harmonics: a Different Way to Trade | Page 643 | 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

  • #12,841
  • Feb 10, 2015 3:21am Feb 10, 2015 3:21am
Quoting Matts Micro
{quote} Nicely traded, a bird in the hand in worth 2 in the bush
Thanks

It looks like price did indeed overcome the final obstacle, pushing through 1.1300 but I'm happy with my exit - too close to the GBP news for my liking.

Looks like you're getting a few trades in yourself
  • #12,842
  • Feb 10, 2015 3:29am Feb 10, 2015 3:29am
Quoting honestknave
{quote} Thanks It looks like price did indeed overcome the final obstacle, pushing through 1.1300 but I'm happy with my exit - too close to the GBP news for my liking. Looks like you're getting a few trades in yourself
It may well defeat that 1.13 level but imo you made the right decision, there are lots of wicks ending around that zone.

I'm doing ok thanks, I'm in the green today despite a couple of losses, PA has been interesting all round. I've had to sift out a few trade setups because I don't want over exposure.... normally sitting here yawning hehe.
As the lights go by so too do the shadows move
  • #12,843
  • Feb 10, 2015 3:43am Feb 10, 2015 3:43am
This is my next level on Cable. I will be watching PA to see if the PRZ is valid if reached or perhaps I will re-enter long on my BO strat....
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad #9.png Size: 78 KB
As the lights go by so too do the shadows move
  • #12,844
  • Feb 10, 2015 3:48am Feb 10, 2015 3:48am
Quoting honestknave
{quote} Hello PipTrendz, Indeed, the second one was a 61.8AB=CD (so the CD leg was 0.618 the length of AB). I trade these quite a lot. In fact, I utilized it for the exit too on this occasion. It always depends on context, but in very general terms it is a sign of weakness when price fails to complete a 1:1 move. I also monitor other AB=CD variants such as 127AB=CD and 161AB=CD, all of which help to tell a story about strength, weakness and exhaustion. I hope that helps, and good luck today!
Thanks honestknave,

Yeah that makes sense now, I was looking at it on an iPad and thought my eyes were playing up lol. I don't look for those so probably why I was confused.

Good luck too, I am just on the sidelines at the moment considering long on the EU, but looks like the setup is going to fail.
  • #12,845
  • Feb 10, 2015 3:53am Feb 10, 2015 3:53am
GBPJPY M5 +12 pips

shorted on the back of weakness.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 29 KB


Masterrmind..........
Master your Mind then Master your Trades
  • #12,846
  • Feb 10, 2015 3:56am Feb 10, 2015 3:56am
Quoting Matts Micro
{quote} It may well defeat that 1.13 level but imo you made the right decision, there are lots of wicks ending around that zone.
Yes, I agree. Re-entry is always an option - once the news passed, I shorted again based upon the 1.1300 breakout continuing.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM100.png Size: 34 KB


Quote
I'm doing ok thanks, I'm in the green today despite a couple of losses, PA has been interesting all round. I've had to sift out a few trade setups because I don't want over exposure.... normally sitting here yawning hehe.
Glad to hear it! Sitting on the sidelines can be a perfectly good trading position
  • #12,847
  • Feb 10, 2015 4:03am Feb 10, 2015 4:03am
Quoting PipTrendz
{quote} Thanks honestknave, Yeah that makes sense now, I was looking at it on an iPad and thought my eyes were playing up lol. I don't look for those so probably why I was confused. Good luck too, I am just on the sidelines at the moment considering long on the EU, but looks like the setup is going to fail.
I'll requote myself - sitting on the sidelines is a perfectly good trading position!

A personal shortcoming of mine is opening the terminal at the start of the day and convincing myself that I'm immediately looking at a trade setup and need to analyse everything as quickly as I can and get in there. Predictably, these usually turn out to be forced trades that end badly. So now I remind myself every day that not being in a trade is often a good thing
  • #12,848
  • Feb 10, 2015 4:08am Feb 10, 2015 4:08am
Quoting honestknave
Re-entry is always an option - once the news passed, I shorted again based upon the 1.1300 breakout continuing.
Update: TP hit for +24 pips

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM100.png Size: 35 KB
  • #12,849
  • Feb 10, 2015 4:20am Feb 10, 2015 4:20am
Quoting honestknave
{quote} Yes, I agree. Re-entry is always an option - once the news passed, I shorted again based upon the 1.1300 breakout continuing. {image} {quote} Glad to hear it! Sitting on the sidelines can be a perfectly good trading position
There are many books about how to trade but imo what makes a profitable trader is one that doesn't trade the what I call the "Umm's or Maybe's". Filter out the potentially risky trades from a system and it could improve performance twice fold... which is the name of the game I spose

Still watching Cable. It is consolidating just below my PRZ, I've seen this a few times and often I think it tends to go further up. I was just analysing on my Tick Chart.

It has what I call a C&H pullback, which is just essentially a C&H but it is the pullback that is important. If it was consolidating moving up it creates a bearish wedge, moving down like that though could be a Flag for further bullish movement. It is creating stable ground for support. Then again it could just reverse and take me out hehe.

Edit: Just noticed I changed my TL when I was analysing, norm C&H goes above the handle which there is a line for that but not going to retake pic

Edit #2: Just noticed I've being calling CAD Cable for some stupid reason. I've being analysing GU a fair bit today, guess that's it... too much caffine perhaps
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad #10.png Size: 64 KB
As the lights go by so too do the shadows move
  • #12,850
  • Feb 10, 2015 4:27am Feb 10, 2015 4:27am
Waiting for the invitation to go long the AUDUSD (M15 chart)..........:nerd:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 30 KB


But not just yet............ patience!

Pulled up right on top of the WP...no surprises here!

next support about 15-20 pips lower so lets see who takes control from this point

Bulls or Bears ?

EDIT: The market is taking time off to rethink ........... and so should we!

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 22 KB


Masterrmind............
Master your Mind then Master your Trades
  • #12,851
  • Feb 10, 2015 4:40am Feb 10, 2015 4:40am
Quoting Masterrmind
Waiting for the invitation to go long the AUDUSD (M15 chart)..........:nerd: {image} But not just yet............ patience! Pulled up right on top of the WP...no surprises here! next support about 15-20 pips lower so lets see who takes control from this point Bulls or Bears ? EDIT: The market is taking time off to rethink ........... and so should we! {image} Masterrmind............
I got a nice bounce off my pre-drawn TL. Imo if it breaks it will likely be a new LL.... The 4hr break from before obviously didn't happen, it's enjoying this range for the moment.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd #75.png Size: 63 KB
As the lights go by so too do the shadows move
  • #12,852
  • Feb 10, 2015 4:47am Feb 10, 2015 4:47am
Closed CAD trade +17... a bit of a pain that it didn't reach TP level but pips are pips.
As the lights go by so too do the shadows move
  • #12,853
  • Feb 10, 2015 4:50am Feb 10, 2015 4:50am
Quoting Matts Micro
{quote} I got a nice bounce off my pre-drawn TL. Imo if it breaks it will likely be a new LL.... The 4hr break from before obviously didn't happen, it's enjoying this range for the moment. {image}
AUDUSD (H1 chart)

It's trying to push up but no entry yet from me.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 32 KB


Masterrmind...........
Master your Mind then Master your Trades
  • #12,854
  • Feb 10, 2015 4:51am Feb 10, 2015 4:51am
Quoting Matts Micro
Closed CAD trade +17... a bit of a pain that it didn't reach TP level but pips are pips.
Good one Matt...........

Yes just take some of those pips and bag them.

Masterrmind............
Master your Mind then Master your Trades
  • #12,855
  • Feb 10, 2015 4:56am Feb 10, 2015 4:56am
AUDUSD (M5 chart)

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 28 KB


Patience ........

Masterrmind...........
Master your Mind then Master your Trades
  • #12,856
  • Feb 10, 2015 5:17am Feb 10, 2015 5:17am
Quoting Masterrmind
{quote} Good one Matt........... Yes just take some of those pips and bag them. Masterrmind............
Cheers mate, yep better in my pocket than someone else's

Watching EA. Very harmonic at the Gartley D PRZ if level is reached.
Attached Image (click to enlarge)
Click to Enlarge Name: euraud 27.png Size: 78 KB
As the lights go by so too do the shadows move
  • #12,857
  • Feb 10, 2015 5:22am Feb 10, 2015 5:22am
Quoting Matts Micro
{quote} Cheers mate, yep better in my pocket than someone else's Watching EA. Very harmonic at the Gartley D PRZ if level is reached. {image}
Sounds good!

I'll take a rest from the AUSUSD for the time being as it's stuck in a channel which I don't want to trade at the moment.

Will search for other trades.

Took a few scalping trades off the GJ pair but not worth posting (small pips)

I'll take a look at the EA

EA - might take a look at shorting it when it runs up another 10-15 pips or so...

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 29 KB


Masterrmind.............
Master your Mind then Master your Trades
  • #12,858
  • Feb 10, 2015 5:29am Feb 10, 2015 5:29am
Quoting Masterrmind
{quote} Sounds good! I'll take a rest from the AUSUSD for the time being as it's stuck in a channel which I don't want to trade at the moment. Will search for other trades. Took a few scalping trades off the GJ pair but not worth posting (small pips) I'll take a look at the EA Masterrmind.............
Yer I'm not a fan of trading pairs after a steep fall/climb like the recent AU fall.

EA Gartley is prob one of the most harmonic convergences I've seen since starting this method. It has just about every Fib level at the XA 78.6 for the entire pattern, it is at a good S/R level and it is and the AB OF distance (white line is correct distance). If level is reached at any time I will be entering very aggressively.

I feel a bit like a used car salesman lol.
As the lights go by so too do the shadows move
  • #12,859
  • Feb 10, 2015 5:38am Feb 10, 2015 5:38am
Quoting Matts Micro
{quote} Yer I'm not a fan of trading pairs after a steep fall/climb like the recent AU fall. EA Gartley is prob one of the most harmonic convergences I've seen since starting this method. It has just about every Fib level at the XA 78.6 for the entire pattern, it is at a good S/R level and it is and the AB OF distance (white line is correct distance). If level is reached at any time I will be entering very aggressively. I feel a bit like a used car salesman lol.
No you don't it's all about convincing yourself that the analysis makes logical sense.

Great job!

I'm looking at an M5 TF and looking at shorting it down for 10-15 pips or so within the yellow marked channel.

Your up another 45 pips from current price so my little TP won't affect you at all since price wouldn't have reached your PRZ just yet!
Unless of course price keeps going down but we won't know the answer to that just yet...........

Masterrmind...........
Master your Mind then Master your Trades
  • #12,860
  • Feb 10, 2015 5:42am Feb 10, 2015 5:42am
Am I imagining it, or has the thread dried up lately?

I wonder what the reason is... if any of you are watching but no longer posting please let us know

In the meantime, I'm going to stop posting trades with trend lines, pivot points, alternative AB=CD or any of the other 'off topic' techniques I use in case I've being creating any confusion. I'll keep my posts true to the spirit of the thread
5 traders viewing now