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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

  • #12,881
  • Feb 10, 2015 7:52am Feb 10, 2015 7:52am
Several hurdles for this trade before 1:1... not least the RN it is currently battling.
Let's see how it goes!
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  • #12,882
  • Feb 10, 2015 7:53am Feb 10, 2015 7:53am
Quoting Matts Micro
{quote} Hey Mastermind yeah I'm still here. Congrats on your trades, awesome trading I've been a little preoccupied but haven't stopped watching that EA chart. I wanted to long the UCAD too but 20 pip 1m candles has opened too much volatility. EA hit the 127ext of CB, hopefully it hasn't quite run out of juice yet. I'm a little cautious of this market, there is a bit going on atm. That said I'm still waiting for that aggressive entry. {image}
Fantastic lets hope it turns out to be a great short.

ps. and thanks for mentioning the EA earlier its produced some awesome pips!

Masterrmind...........
Master your Mind then Master your Trades
  • #12,883
  • Feb 10, 2015 7:57am Feb 10, 2015 7:57am
hmmm
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As the lights go by so too do the shadows move
  • #12,884
  • Feb 10, 2015 7:59am Feb 10, 2015 7:59am
Quoting Masterrmind
{quote} Fantastic lets hope it turns out to be a great short. ps. and thanks for mentioning the EA earlier its produced some awesome pips! Masterrmind...........
Haha no prob, we'll discuss the commission later
As the lights go by so too do the shadows move
  • #12,885
  • Feb 10, 2015 8:11am Feb 10, 2015 8:11am
AU is at the previously mentioned lower TL. If it breaks on the downside it could create a largish move. I don't know obviously, but I can't see a similar bearish EU move. If the EA breaks topside toward my PRZ it might not come back and fly straight through. All just conjecture though and I will trade the chart on what I see.
As the lights go by so too do the shadows move
  • #12,886
  • Feb 10, 2015 8:16am Feb 10, 2015 8:16am
Quoting Matts Micro
{quote} Haha no prob, we'll discuss the commission later
USDJPY (worth taking a look at!)

I will be analysing the UJ pair tomorrow in depth to see if there is a shorting opportunity some time in the near future.

It is ridiculously high at the moment and still pushing up closer to the 2007 highs (shown by the 2nd red circle to the left).

Anyway something to contemplate if nothing else!

UJ (Monthly chart)


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Masterrmind.........
Master your Mind then Master your Trades
  • #12,887
  • Feb 10, 2015 8:17am Feb 10, 2015 8:17am
Quoting Matts Micro
AU is at the previously mentioned lower TL. If it breaks on the downside it could create a largish move. I don't know obviously, but I can't see a similar bearish EU move. If the EA breaks topside toward my PRZ it might not come back and fly straight through. All just conjecture though and I will trade the chart on what I see.
Exactly what you should be doing.

Trade what you see!

Masterrmind........
Master your Mind then Master your Trades
  • #12,888
  • Feb 10, 2015 8:17am Feb 10, 2015 8:17am
Quoting honestknave
Several hurdles for this trade before 1:1... not least the RN it is currently battling. Let's see how it goes! {image}
Yeah I was eying this trade up but a little hesitant as think price may go up. I have reasons for the market to rise and to fall :/ so I am sitting out for the moment.
  • #12,889
  • Feb 10, 2015 8:30am Feb 10, 2015 8:30am
Quoting Masterrmind
{quote} USDJPY (worth taking a look at!) I will be analysing the UJ pair tomorrow in depth to see if there is a shorting opportunity some time in the near future. It is ridiculously high at the moment and still pushing up closer to the 2007 highs (shown by the 2nd red circle to the left). Anyway something to contemplate if nothing else! UJ (Monthly chart) {image} Masterrmind.........
Yer thanks
I've being watching but PA hasn't suited my style. I managed a couple of trades on EJ for a few pips earlier. They are talking about 123 on UJ before too long, perhaps not straight away though May have a look at tomorrow too

Trying for the short on AU currently. I didn't take the CAD BO long and the bulls were too strong for the PRZ so left the short. The AU and UC are both breaking their hrly TL's at the same time which could be a good sign. CAD is still there for the taking but the R:R would have to be increased so leaving it. Here comes the EA perhaps...
As the lights go by so too do the shadows move
  • #12,890
  • Feb 10, 2015 8:38am Feb 10, 2015 8:38am
Quoting Matts Micro
{quote} Yer thanks I've being watching but PA hasn't suited my style. I managed a couple of trades on EJ for a few pips earlier. They are talking about 123 on UJ before too long, perhaps not straight away though May have a look at tomorrow too Trying for the short on AU currently. I didn't take the CAD BO long and the bulls were too strong for the PRZ so left the short. The AU and UC are both breaking their hrly TL's at the same time which could be a good sign. CAD is still there for the taking but the R:R would have to...
EA is in the zone............

Patience, watch and observe and then execute (maybe?)

UPDATE: that's a convincingly strong bullish candle that just poked its head up through the PRZ..........caution!

Masterrmind............
Master your Mind then Master your Trades
  • #12,891
  • Feb 10, 2015 8:43am Feb 10, 2015 8:43am
Quoting Masterrmind
{quote} EA is in the zone............ Patience, watch and observe and then execute (maybe?) Masterrmind............
Nah just jab them with the pointy end hehe.

Lol just went straight through as I suspected it might. I was waiting for a slight pullback but it didn't come. A bit of anti-climax, all dressed up and no where to go...
As the lights go by so too do the shadows move
  • #12,892
  • Feb 10, 2015 8:47am Feb 10, 2015 8:47am
That'll do, see where it goes from here. If I get taken out so be it, it's small R:R.

EU chart isn't exciting me at all though :/
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As the lights go by so too do the shadows move
  • #12,893
  • Feb 10, 2015 8:57am Feb 10, 2015 8:57am
Quoting PipTrendz
{quote} Yeah I was eying this trade up but a little hesitant as think price may go up. I have reasons for the market to rise and to fall :/ so I am sitting out for the moment.
Well it's running out of chances before I close it

If there hadn't been such a marked decrease in momentum running into the BE point I would have closed it out already.

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  • #12,894
  • Feb 10, 2015 8:57am Feb 10, 2015 8:57am
Quoting Matts Micro
That'll do, see where it goes from here. If I get taken out so be it, it's small R:R. EU chart isn't exciting me at all though :/ {image}
I've thrown on one trade with a fairly wide SL so I'll let it run while I sleep which is getting closer I must say.

The EU has just been trading up and down inside about an 80 pip range. To be any good to me I need it to drop another 80 pips (H1 analysis)

I don't see that happening while I'm awake so I'll pass.

Good luck with your EA trade............

At least its looking reasonable at the moment as it hasn't kept storming up hard (its backed off somewhat so that's good)

Masterrmind............
Master your Mind then Master your Trades
  • #12,895
  • Feb 10, 2015 8:59am Feb 10, 2015 8:59am
Is this Gartley tradable ?
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  • #12,896
  • Feb 10, 2015 9:07am Feb 10, 2015 9:07am
Quoting Masterrmind
{quote} I've thrown on one trade with a fairly wide SL so I'll let it run while I sleep which is getting closer I must say. The EU has just been trading up and down inside about an 80 pip range. To be any good to me I need it to drop another 80 pips (H1 analysis) I don't see that happening while I'm awake so I'll pass. Good luck with your EA trade............ At least its looking reasonable at the moment as it hasn't kept storming up hard (its backed off somewhat so that's good) Masterrmind............
Yeah it is under strong resistance now which is why I have a tight stop on it. If it breaks above it there's a good chance imo of it just continuing up. The market is turning sour a bit for me though. The AU is threatening to re-enter the previous range of the BO point. EU does have a st BO point below that it could utilise but after the Greece positive news I'm sceptical. The trades are in though and as Mr Pip likes to say "It is what it is" hehe.

EA is just got knocked out... it is what is (aside from perhaps a stop hunt lol)

Looks like your on the south east.. side of the country (Aus?) so it must be even later there. Dream well

Edit: Maybe I am reading the correlation wrong. AU maybe a FO and the bulls might turn on. May re-enter EA.
As the lights go by so too do the shadows move
  • #12,897
  • Feb 10, 2015 9:15am Feb 10, 2015 9:15am
Quoting fxnikolaev
Is this Gartley tradable ? {image}
Hello fxnikolaev,

Welcome to the thread!

I'll offer you a slightly different look at your chart (without using gartley or animals).

You have some nice confluence of two AB=CD patterns plus 78.6% retracement.

But the bulls have really shown some strength by making such a deep retracement plus the increased momentum.

So this could work out well, but I'd wait to see the bears commit before jumping in.

Hope that helps!

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  • #12,898
  • Feb 10, 2015 9:17am Feb 10, 2015 9:17am
Quoting Matts Micro
{quote} Yeah it is under strong resistance now which is why I have a tight stop on it. If it breaks above it there's a good chance imo of it just continuing up. The market is turning sour a bit for me though. The AU is threatening to re-enter the previous range of the BO point. EU does have a st BO point below that it could utilise but after the Greece positive news I'm sceptical. The trades are in though and as Mr Pip likes to say "It is what it is" hehe. EA is just got knocked out... it is what is (aside from perhaps a stop hunt lol) Looks...
Yes on the East coast..........

You sure must have had a tight SL alright if you're out of the trade already...hmmm

I gave mine plenty of room as I'm anticipating price to drop.

Let's see what will be when I check the trade tomorrow.

All the best I'm off to sleep.

Masterrmind.............
Master your Mind then Master your Trades
  • #12,899
  • Feb 10, 2015 9:18am Feb 10, 2015 9:18am
Quoting fxnikolaev
Is this Gartley tradable ? {image}
If you read the last 2 pages you can see it's what we have being discussing.
As the lights go by so too do the shadows move
  • #12,900
  • Feb 10, 2015 9:31am Feb 10, 2015 9:31am
Quoting Masterrmind
{quote} Yes on the East coast.......... You sure must have had a tight SL alright if you're out of the trade already...hmmm I gave mine plenty of room as I'm anticipating price to drop. Let's see what will be when I check the trade tomorrow. All the best I'm off to sleep. Masterrmind.............
Lol yeah I corrected "south" ... it's late here too

It's my style of trading. I look for setups with at least 2:1 R:R, and often with a whole lot more. I lose a couple more trades and trade less but find it suits my style. It's part of why I have found this method a little difficult. I am still trying to set the SL at the same levels I would normally but with this system PA can meander across the charts a bit before heading off in the correct direction, it's a correction in my thinking I have to make when I'm here.

I have re-entered at a little lower price and have also giving it a little more room to breath
(and now is meandering back up to the top lol)

Catch ya tomorrow perhaps
As the lights go by so too do the shadows move
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