Ratios & Harmonics: a Different Way to Trade | Page 652 | 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

  • #13,021
  • Feb 12, 2015 6:18am Feb 12, 2015 6:18am
Well that went against me for -25 pips Should have had tighter reigns on it I think!!

Will post charts later.
  • #13,022
  • Feb 12, 2015 7:02am Feb 12, 2015 7:02am
Quoting PipTrendz
Well that went against me for -25 pips Should have had tighter reigns on it I think!! Will post charts later.
Hopefully NY session will be kinder to you so you can get back what was "wrongfully" taken from you.

Chin up and lets see what's out there.......

Masterrmind...........
Master your Mind then Master your Trades
  • #13,023
  • Edited 7:31am Feb 12, 2015 7:18am | Edited 7:31am
Currently long UCAD (H1 Chart) for a handful of pips ...transfer of power from the bears to the bulls .... watching PA closely...so far so good!

Push up away from the WP after a doji and as I said weakness evident in the bears.

SL set at only 10 pips and price has not gone near it.

Red news lingering though so it needs to be monitored!

UPDATE: Closed out for a few pips just in time.......very fast reversal as expected.

Masterrmind...........
Master your Mind then Master your Trades
  • #13,024
  • Feb 12, 2015 7:33am Feb 12, 2015 7:33am
Also Long GU prior to news will post chart after I close the trade out.

+20 pips at present but that can change fast!

Masterrmind...........
Master your Mind then Master your Trades
  • #13,025
  • Feb 12, 2015 7:38am Feb 12, 2015 7:38am
Quoting Matts Micro
I entered for a few reasons. There is a structure LL and LH, which also helps a H&S pattern with the head being in the PRZ. I'm not giving it much room to breath and if knocked out I may re-enter at a higher price or may even give a bit more room depending on time and the BO... it's my own BO method and wont go into it here. It's struggling a bit atm, it needs a new LL... {image}
Got knocked out on news. I wasn't a big fan of the trade after thinking about for a bit due to the correlations. AU had bad employment stats this morn and EU is in a terrible range atm. I just want the EU to move, don't care where just somewhere different from this 300-400 pip price range level.
As the lights go by so too do the shadows move
  • #13,026
  • Feb 12, 2015 7:49am Feb 12, 2015 7:49am
Quoting Matts Micro
{quote} Got knocked out on news. I wasn't a big fan of the trade after thinking about for a bit due to the correlations. AU had bad employment stats this morn and EU is in a terrible range atm. I just want the EU to move, don't care where just somewhere different from this 300-400 pip price range level.
Yes its not very exciting to say the least!

UCAD +1 pip (call it BE)

GU +22 pips (nice quick surge up)

Masterrmind...........
Master your Mind then Master your Trades
  • #13,027
  • Feb 12, 2015 7:57am Feb 12, 2015 7:57am
Currently short on EU

Reasoning: over-extension on AB=CD into an area of prior structure. Price has shown no interest in direction for a long time, and the lacklustre retest of level triggered the entry on the expectation that price will return to where it has been.

Provisional exit point a downside AB=CD coinciding with structure. If it moves with any significant strength, will reevaluate the currently unrealistic TP of the black 38.2 fib.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM100.png Size: 30 KB
  • #13,028
  • Feb 12, 2015 8:07am Feb 12, 2015 8:07am
Update... 1:1 completed at structure (plus daily resistance) as expected.
TP readjusted to gauge the strength of the expected retest of structure. I would like to see a push through into the golden zone, which would coincide with a harmonic move plus an overextension of AB=CD.
Risk free trade.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM100.png Size: 36 KB
  • #13,029
  • Feb 12, 2015 8:11am Feb 12, 2015 8:11am
Well I guess there must have been a lot of orders the other side of that structure.
Price moved too quickly for me to move the TP, but I'm happy with the positive slippage
+36 pips
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM100.png Size: 36 KB
  • #13,030
  • Feb 12, 2015 8:37am Feb 12, 2015 8:37am
One trade for today. USD/JPY -

Quoting Jamos
One trade for today. USD/JPY - {image}
Expecting the bears to begin their exit on the USD/JPY.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDJPYaM5.png Size: 39 KB
Click to Enlarge Name: USDJPYbM5.png Size: 36 KB
  • #13,031
  • Feb 12, 2015 8:57am Feb 12, 2015 8:57am
Quoting Masterrmind
{quote} Yes its not very exciting to say the least! UCAD +1 pip (call it BE) GU +22 pips (nice quick surge up) Masterrmind...........
WD on pips

It's not so much the excitement but rather the uncertainty. Imo EU are the dictators of the Forex world and while there is no direction it makes it difficult to trade any crosses with my system, just lots of false signals. I had a bit of a bad day today but still above weekly target from yesterday so just losing the bonus pips.
As the lights go by so too do the shadows move
  • #13,032
  • Feb 12, 2015 9:16am Feb 12, 2015 9:16am
Quoting Matts Micro
{quote} WD on pips It's not so much the excitement but rather the uncertainty. Imo EU are the dictators of the Forex world and while there is no direction it makes it difficult to trade any crosses with my system, just lots of false signals. I had a bit of a bad day today but still above weekly target from yesterday so just losing the bonus pips.
It's always good to grab a few that's for sure.

Will continue looking at some potential trade setups if time doesn't get the better of me.

Hopefully you can pick up some of the bonus pips either in this session or tomorrow if you trade it.

Masterrmind............
Master your Mind then Master your Trades
  • #13,033
  • Feb 12, 2015 9:29am Feb 12, 2015 9:29am
Some bad trading from me today but not going to post a chart as continuing to monitor things.

Basically I was hunting for the top of the news spike and was taken out 3 times, twice by normal swings and then by other news. So for those I was -23, -15, -20!! Then I just caught the top and got 27 pips. So -31 on the day so far.

Continuing on and trying to look for harmonics rather than second guessing the news
  • #13,034
  • Feb 12, 2015 9:56am Feb 12, 2015 9:56am
Quoting Masterrmind
{quote} It's always good to grab a few that's for sure. Will continue looking at some potential trade setups if time doesn't get the better of me. Hopefully you can pick up some of the bonus pips either in this session or tomorrow if you trade it. Masterrmind............
yer cheers mate

Just managed +21 on GU and in again to catch up a bit on todays losses.
As the lights go by so too do the shadows move
  • #13,035
  • Feb 12, 2015 10:02am Feb 12, 2015 10:02am
Short EU (most likely for a few quick pips while the bears have hold.....very marginal at best)

EURUSD (H1 chart)


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


Masterrmind...........
Master your Mind then Master your Trades
  • #13,036
  • Feb 12, 2015 10:03am Feb 12, 2015 10:03am
Quoting Matts Micro
{quote} yer cheers mate Just managed +21 on GU and in again to catch up a bit on todays losses.
Knocked out -5. I didn't see the time I hate trading on the this turn of the hour, often quite volatile.
As the lights go by so too do the shadows move
  • #13,037
  • Feb 12, 2015 10:14am Feb 12, 2015 10:14am
Quoting Matts Micro
{quote} Knocked out -5. I didn't see the time I hate trading on the this turn of the hour, often quite volatile.
Similar story for me with the EU out at +3 pips (turned around on a dime)

That's about me I guess so I'll see what's on offer Friday.

Good luck grabbing the little green ones and well done on your GU trade nice one!

Masterrmind............
Master your Mind then Master your Trades
  • #13,038
  • Feb 12, 2015 10:21am Feb 12, 2015 10:21am
Quoting Masterrmind
{quote} Similar story for me with the EU out at +3 pips (turned around on a dime) That's about me I guess so I'll see what's on offer Friday. Good luck grabbing the little green ones and well done on your GU trade nice one! Masterrmind............
Cheers mate.

I'm currently looking at the longer term GU, trying to figure if this a legit ABCD PRZ (current high). It's a steep climb with their news so a little hesitant and looks like price is currently climbing back to the top (is about to pop the top as I type I think).

Sleep well
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 23.png Size: 69 KB
As the lights go by so too do the shadows move
  • #13,039
  • Feb 12, 2015 10:27am Feb 12, 2015 10:27am
Quoting Matts Micro
{quote} Cheers mate. I'm currently looking at the longer term GU, trying to figure if this a legit ABCD PRZ (current high). It's a steep climb with their news so a little hesitant and looks like price is currently climbing back to the top (is about to pop the top as I type I think). Sleep well {image}
Thanks!

Catch you tomorrow.

Masterrmind..........
Master your Mind then Master your Trades
  • #13,040
  • Feb 12, 2015 10:37am Feb 12, 2015 10:37am
I have had an absolute nightmare today!! Everything seems to have gone against any decision I make and I have to say I am really really annoyed!! I know emotion should not take part in trading but it has annoyed me.

I think every SL has been hit and then price reverses within a pip or 2 back into profit, and yeah my stops were correct. Or I am in profit, move my stops above structure, price spikes and hits then goes down to my TP another 25 pips down.

Well I have blown over 100 pips and my account is now about useless.

So that is me out for this week at least, if not longer.

Good luck and I hope to join you all in a happier place!
33 traders viewing now