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Ratios & Harmonics: a Different Way to Trade

  • #13,421
  • Mar 22, 2015 2:48pm Mar 22, 2015 2:48pm
Some expectations for the coming week, Greetings
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  • #13,422
  • Edited 11:12pm Mar 22, 2015 10:59pm | Edited 11:12pm
Here is a trade on the GBP/AUD that I have taken at the start of the Asian session for the week. I needed two entries to catch the swing, because I got a bit nervous, but the second entry worked. I entered based on the 5 min chart, although the hourly chart coincided with a bearish move.
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  • #13,423
  • Edited 2:35am Mar 23, 2015 2:02am | Edited 2:35am
My third entry on the GBP/AUD for today. If it can make a new swing low it would be good, otherwise I will exit.
Exited with 12pips
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  • #13,424
  • Mar 23, 2015 5:32am Mar 23, 2015 5:32am
Quoting maxx7
{quote} Super! Seems I will need to find time and go on testing the old fashionated way So far The trader's gym by Tradeinterceptor seems to do the job nicely...only problem you have to be online to access data...doesn't seem to work offline. Another question related to my time for trading Vs. dayjob. I live currently in Germany, nice for normal dayworking activity, deadly for daytrading style activity...I wake up everyday at 5 am to study and practice, start working at 7:30 or so and finish around 5:30pm... By the time I am finished, the party...
Hi Maxx, i live in the UK,so in a way we share the same European trading hours.
the beauty of trading (other then try and make money)is that you can make it "fit to suit" around your social/work/family commitments etc,,,, and any strategy you master should work well on any time frame you choose to trade however the difference lies in the amount of pips, so you'll need to adjust your money management.
so may be a Daily or 8 hours time frame is suitable for your life style now, which means the risk is going to be higher, so in that case reduce the stake, ie; if your M/M allows you to lose for example 50 Euro on a trade and your risk is 50 pips on a 15mn T/F or 200 pips on a daily T/F, then just do the math ,, 200pips/50eur =0,25eur stake,, or 50pips/50eur= 1 eur stake.
the opportunities on a higher time frame may be less but the amount of pips is much greater which it balances itself nicely at the end.
whatever strategy you choose to go for whether testing the 61.8% or any other to that matter, just make sure you back test it at least 200 times, and you'll soon realise what works and what doesn't. it involves a bit of hard work and screen time but the end result is worth it.
happy trading
  • #13,425
  • Mar 23, 2015 7:09am Mar 23, 2015 7:09am
Hello guys , i'm new to this thread and i've been learning Mr pip Harmonics days ago , but ican't find a Fibonacci extention indicator for MT4 can anyone share it please !!!
  • #13,426
  • Mar 23, 2015 7:50pm Mar 23, 2015 7:50pm
A trade in gold, very choppy. Much suffering, and some pips.
He broke up the price of annual opening, I expected more momentum, but there was none, I leave the position with + 43pips. Maybe tomorrow, the news bring more volatility.
regards
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  • #13,427
  • Mar 25, 2015 8:51am Mar 25, 2015 8:51am
Quoting ppweb
Hello guys , i'm new to this thread and i've been learning Mr pip Harmonics days ago , but ican't find a Fibonacci extention indicator for MT4 can anyone share it please !!!
Hello ppweb,

The inbuilt Fibonacci Retracement tool can be used for Extensions - you will just need to adjust the levels to your particular requirements.

There is also a separate Fibonacci Expansion tool inbuilt into MT4.

Hope that helps
  • #13,428
  • Mar 26, 2015 1:38am Mar 26, 2015 1:38am
I saw my opportunity today on the GBP/JPY. My first entry was a break even because I controlled it a little too tightly, so I walked away after my second entry to allow the trade to play out and price went down.

GBP/JPY trade closed at +96 pips.
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  • #13,429
  • Mar 30, 2015 10:52am Mar 30, 2015 10:52am
TP + 31, bearish break of the trendline, in turn rejection higher level of resistance, the output is to be with BT candle pattern in DZ and Daily EMA support. near the DZ Daily, greetings.
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  • #13,430
  • Mar 31, 2015 9:02am Mar 31, 2015 9:02am
EURJPY [M15 chart] - opportunity for those who want it!

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Good Trading,

Masterrmind.............
Master your Mind then Master your Trades
  • #13,431
  • Mar 31, 2015 9:18am Mar 31, 2015 9:18am
Quoting Masterrmind
EURJPY [M15 chart] - opportunity for those who want it! {image} Good Trading, Masterrmind.............
EURJPY [M15 chart]

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Evolving opportunity.........

Observe it, time it, execute it!

or

Reject it!

Masterrmind........... :nerd:
Master your Mind then Master your Trades
  • #13,432
  • Mar 31, 2015 9:26am Mar 31, 2015 9:26am
USDJPY [M15 chart]

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recent trades by 2 (+23 pips)

Masterrmind............
Master your Mind then Master your Trades
  • #13,433
  • Mar 31, 2015 10:39am Mar 31, 2015 10:39am
Great bullish mmtum, accompanied by a clear bullish divergence in 15M. Candlestick pattern with BT, and a lower resistancewhich had been worn out previously.
+ 50 Pips. regards
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  • #13,434
  • Mar 31, 2015 10:43am Mar 31, 2015 10:43am
AUDCAD [M15 chart]

[+10 pips on a couple of short scalps waiting for PRZ]

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Looking at eventually going long subject to conditions being met

Should be obvious what I'm looking at on the chart!

Masterrmind.........
Master your Mind then Master your Trades
  • #13,435
  • Mar 31, 2015 10:52am Mar 31, 2015 10:52am
Quoting Masterrmind
{quote} EURJPY [M15 chart] {image} Evolving opportunity......... Observe it, time it, execute it! or Reject it! Masterrmind........... :nerd:
Hi Mastermind: If you also I see bullish, we will see GET WITH IT, trust go long with a close up of 129.070, candlestick patterns TT, tell us that there are many sellers in that area, although they have already been worn, still retain power.
We like structure, DZ, Daily and W solid, therefore, I have expectations that will go up.
However it would have to wait for the right time, for the RR topic.
Greetings and keep in touch.
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  • #13,436
  • Mar 31, 2015 10:53am Mar 31, 2015 10:53am
GBPJPY - short opportunity?

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Masterrmind..........
Master your Mind then Master your Trades
  • #13,437
  • Mar 31, 2015 10:59am Mar 31, 2015 10:59am
Quoting pampaq
{quote} Hi Mastermind: If you also I see bullish, we will see GET WITH IT, trust go long with a close up of 129.070, candlestick patterns TT, tell us that there are many sellers in that area, although they have already been worn, still retain power. We like structure, DZ, Daily and W solid, therefore, I have expectations that will go up. However it would have to wait for the right time, for the RR topic. Greetings and keep in touch. {image} {image}
The setup can look perfect but its useless without the right timing...you are right on it!

However EJ is very much range bound at the moment and there is no momentum for that currency pair.

Aggressive long is possible BUT not my style for this pair at this time.

No trade for me on that one....and perhaps not today as I will rest very soon.

Perhaps another trader can capture it if it moves with momentum to the upside

Masterrmind...........
Master your Mind then Master your Trades
  • #13,438
  • Mar 31, 2015 11:12am Mar 31, 2015 11:12am
USDJPY [M15 chart]

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shorting opportunity in action now

then a long possible if price drives deep enough to get into my PRZ zone

be careful though and watch the momentum and time it right.

Im out ...time to sleep

Masterrmind...........
Master your Mind then Master your Trades
  • #13,439
  • Mar 31, 2015 12:07pm Mar 31, 2015 12:07pm
Good to see a little more life returning to the thread!

This week has picked up a bit more for me... the past few weeks have been so dire on EURUSD that I had to break my long term habit and branch out into other symbols
  • #13,440
  • Apr 1, 2015 5:56am Apr 1, 2015 5:56am
Quoting Masterrmind
{quote} EURJPY [M15 chart] {image} Evolving opportunity......... Observe it, time it, execute it! or Reject it! Masterrmind........... :nerd:
EJ +25 pips

Anyone else go long?

Note: anyone take advantage of any of my other setups?

Masterrmind...........
Master your Mind then Master your Trades
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