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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

  • #13,201
  • Edited 4:38am Feb 17, 2015 4:27am | Edited 4:38am
Quoting Matts Micro
{quote} Out +10. Looks like a minor pattern in the making. Dam I like trading where there is volume in the market, it stops the price manipulation majorly.
Tried pushing one trade too many. +2 then -10. Will leave EA now for a while.

This is my working progress on UCad. It's at strong support again but watching to see if momentum can push through it. May just close at current price and wait for a re-entry level. PA is boss.
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As the lights go by so too do the shadows move
  • #13,202
  • Feb 17, 2015 4:37am Feb 17, 2015 4:37am
Quoting pampaq
{quote} Profit taking, by presence of pivot, do not forget, we are in uptrend in this TF, and reference pivots were not broken, adjust sl {image}
Still alive, waiting to go EMA8 break the quiet.
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  • #13,203
  • Edited 5:27am Feb 17, 2015 5:16am | Edited 5:27am
Exited UCad +35. Perhaps further movement downside but happy with pipage.

Roughly 85 pips for the day (estimated then took off 10 because I always over estimate lol). I will know for certain later when I do my spreadsheet. I'm done for day so I don't give them back and going to relax before tomorrow

Here are my trades on EA. 3 wins, 1 loss, 1 B.E.

Edit: missed counting a trade +23 (roughly 105 pips total)
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As the lights go by so too do the shadows move
  • #13,204
  • Feb 17, 2015 5:34am Feb 17, 2015 5:34am
EUR/USD 5 min chart-long AB=CD continuation
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  • #13,205
  • Feb 17, 2015 6:09am Feb 17, 2015 6:09am
Quoting pampaq
{quote} Still alive, waiting to go EMA8 break the quiet. {image}
It never broke down, -10 in this. greetings.
  • #13,206
  • Edited 8:12am Feb 17, 2015 6:31am | Edited 8:12am
GBP/JPY 15 min chart - bearish bat -

+61 pips
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  • #13,207
  • Feb 17, 2015 9:09am Feb 17, 2015 9:09am
TP reached +32 pips, Greetings
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  • #13,208
  • Feb 17, 2015 12:01pm Feb 17, 2015 12:01pm
Quoting Jamos
EUR/USD 5 min chart-long AB=CD continuation {image}
jamos momentum is stronger in cd leg on your chart......may be a point to ponder over ............
  • #13,209
  • Feb 17, 2015 7:50pm Feb 17, 2015 7:50pm
I had a good day yesterday, doesn't happen every day. I normally settle on 20-40 pips per day but yesterday the market was moving well so made a few extra.

Today I am looking for this PRZ on the EU.
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As the lights go by so too do the shadows move
  • #13,210
  • Edited 4:41am Feb 18, 2015 3:48am | Edited 4:41am
First trade of the day turned out well with the news.
GBP/USD -AB=CD - late C leg entry on the 5 min chart
+55 pips
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  • #13,211
  • Feb 18, 2015 5:21am Feb 18, 2015 5:21am
Quoting Jamos
First trade of the day turned out well with the news. GBP/USD -AB=CD - late C leg entry on the 5 min chart +55 pips {image} {image}
very good thank you
  • #13,212
  • Feb 18, 2015 5:48am Feb 18, 2015 5:48am
Second and third trades of the day. Correlated movement on Euro pairs.
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  • #13,213
  • Feb 18, 2015 6:55am Feb 18, 2015 6:55am
AUD/USD and NZD/JPY trades -5 min chart
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  • #13,214
  • Feb 18, 2015 1:35pm Feb 18, 2015 1:35pm
Took some quick profit.

H
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"The future is already written in the past"
  • #13,215
  • Feb 19, 2015 3:35am Feb 19, 2015 3:35am
Entered long on GBP/AUD during the Asian session - I felt that the order flow from the hourly chart was potentially bullish and found the entry on the 5 & 15 min charts. I was looking at two reasons for entry simultaneously. An AB=CD reversal on the 5 min chart and an aggressive C entry on the 15 min chart.

Any comments or questions welcome.
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  • #13,216
  • Feb 19, 2015 4:37am Feb 19, 2015 4:37am
Quoting Jamos
Entered long on GBP/AUD during the Asian session - I felt that the order flow from the hourly chart was potentially bullish and found the entry on the 5 & 15 min charts. I was looking at two reasons for entry simultaneously. An AB=CD reversal on the 5 min chart and an aggressive C entry on the 15 min chart. Any comments or questions welcome. {image} {image}
Very nice trade

I have seen you are placing a lot of winners so seem to have it nailed down well. One thing I did notice on a trade you placed was your TP. You had it at 1168 of the main swing, is there a reason for this? I am normally placing them a few pips shy of the 1:1 completion, although I have been lacking in confidence and moving SL too close to price recently and being taken out only to see price reach my TP.

I am planning to do some semi-blind trading. By this I mean set the trade and leave it and only come back to it every 10-15 mins. I am finding watching my trades is not helping me at the moment. I think a bad run has impacted me and I am managing my trades a little too tight.

I have had a few more negative days but more controlled than the other day when I spit my dummy out

Keep posting Jamos, you are getting some really good trades down. It does seem to have hit a quiet spell this week, maybe everyone else is on holiday!!
  • #13,217
  • Feb 19, 2015 5:21am Feb 19, 2015 5:21am
Quoting PipTrendz
{quote} Very nice trade I have seen you are placing a lot of winners so seem to have it nailed down well. One thing I did notice on a trade you placed was your TP. You had it at 1168 of the main swing, is there a reason for this? I am normally placing them a few pips shy of the 1:1 completion, although I have been lacking in confidence and moving SL too close to price recently and being taken out only to see price reach my TP. I am planning to do some semi-blind trading. By this I mean set the trade and leave it and only come back to...
Thankyou Piptrendz,

Hope all is well on your side,

In terms of when to take profit I still have a very beginner outlook, I am never sure when is the right time. Recently I have been entirely focused on getting a higher percentage of good entries. In the instance of setting a 161.8 target for profit I was thinking in terms of reciprocal ratios, then I set it to the fib. level before that. Ie: If a move retraces to 50% of itself then the reciprocal is a 2.0 extension, -so I was "hoping" the next move lower would get down to between the 161.8 and the 2.0 extension. In terms of posting winning trades , I take a lot of small losses and break evens in trying to find the right entries, however overall risk to reward is keeping me in (for now). With semi blind or set and forget, that would be based on your own results overall after many trades, but I do know that with myself, that once I enter the market my emotions show up, its inevitable. I have exited many trades that I should have let run because of emotional thinking. With set and forget the risk to reward needs to be acknowledged a lot more, and be consistent from trade to trade.
  • #13,218
  • Edited 6:50am Feb 19, 2015 5:41am | Edited 6:50am
EUR/USD trade - short
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  • #13,219
  • Feb 19, 2015 5:47am Feb 19, 2015 5:47am
Quoting Jamos
{quote} Thankyou Piptrendz, Hope all is well on your side, In terms of when to take profit I still have a very beginner outlook, I am never sure when is the right time. Recently I have been entirely focused on getting a higher percentage of good entries. In the instance of setting a 161.8 target for profit I was thinking in terms of reciprocal ratios, then I set it to the fib. level before that. Ie: If a move retraces to 50% of itself then the reciprocal is a 2.0 extension, -so I was "hoping" the next move lower would get down to between the 161.8...
Yeah emotion is a killer once a trade is started!!

Quoting Jamos
EUR/USD trade - short {image}
Yeah I measured this but missed the entry, now just on the sidelines. I seem to miss a lot of trades around this time of the day. Most seem to have some clear harmonics too.

It is school holidays this week so I am getting to my laptop a little later in the day. Starting next week I am going to get started by 8-8.30 each morning to get myself set and ready to take these trades.
  • #13,220
  • Edited 7:12am Feb 19, 2015 6:00am | Edited 7:12am
GBP/JPY- entered long, any comments, criticism or questions always invited. I should have taken profit when my target was reached.
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