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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

  • #13,481
  • Apr 7, 2015 1:56am Apr 7, 2015 1:56am
Quoting Masterrmind
{quote} AUDUSD - Update Initial stages of a slowing bullish intent to take prices higher An invitation to short.......... care needs to be exercised! {image} Masterrmind.........
AUDUSD [M15 chart]

Short on the Aussie with profit already locked in!

Masterrmind............
Master your Mind then Master your Trades
  • #13,482
  • Apr 7, 2015 2:06am Apr 7, 2015 2:06am
Quoting Masterrmind
{quote} AUDUSD [M15 chart] Short on the Aussie with profit already locked in! Masterrmind............
AUDUSD - Update

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Took 12 pips - closed out trade in profit due to a bounce up and hesitation at the 1st Fib level

Will look for re-entry but price is glued to the 38 Fib for the time being so price could either drop down to where my expected TP level is or it could head back up to the M/Pivot and retest it again with a possibility of making new Structure Highs

Masterrmind............
Master your Mind then Master your Trades
  • #13,483
  • Apr 7, 2015 2:36am Apr 7, 2015 2:36am
AUDUSD

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Looks like price is headed up to either retest the M/Pivot or the structure high.

But I'm not going to chase price so I'll simply wait for the right opportunity

Note: the decision to take profit turns out to be the right one (always watch the obstacles on your chart such as pivots, structure (high and low), S+R etc) and those all important FIB LEVELS!

Masterrmind.......... :nerd:
Master your Mind then Master your Trades
  • #13,484
  • Apr 7, 2015 2:55am Apr 7, 2015 2:55am
EURJPY [M15 chart] - shorting opportunities ???

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Masterrmind.............
Master your Mind then Master your Trades
  • #13,485
  • Apr 7, 2015 3:03am Apr 7, 2015 3:03am
Quoting Masterrmind
AUDUSD {image} Looks like price is headed up to either retest the M/Pivot or the structure high. But I'm not going to chase price so I'll simply wait for the right opportunity Note: the decision to take profit turns out to be the right one (always watch the obstacles on your chart such as pivots, structure (high and low), S+R etc) and those all important FIB LEVELS! Masterrmind.......... :nerd:
AUDUSD - ongoing chart analysis

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Masterrmind..........
Master your Mind then Master your Trades
  • #13,486
  • Apr 7, 2015 3:10am Apr 7, 2015 3:10am
Quoting Masterrmind
{quote} AUDUSD - ongoing chart analysis {image} Masterrmind..........
AUDUSD - setup close to 1:1 risk to reward ratio based on where I think price will go and where I think the best place for SL should be.

Price potentially headed to the pivot
SL just above the trendline or prior candle high in this case.

Price really struggling to break down below the 382 Fib level with a very real chance that price might again push up and away from it!

The trader will need to make this decision!

Masterrmind..........
Master your Mind then Master your Trades
  • #13,487
  • Apr 7, 2015 3:27am Apr 7, 2015 3:27am
Quoting Masterrmind
EURJPY [M15 chart] - shorting opportunities ??? {image} Masterrmind.............
Still short the EJ............

Masterrmind............
Master your Mind then Master your Trades
  • #13,488
  • Apr 7, 2015 3:39am Apr 7, 2015 3:39am
Quoting Masterrmind
{quote} Still short the EJ............ Masterrmind............
EURJPY [M15 chart] - shorting opportunities ??? {image} Masterrmind.............


where did you say you were short in the first place ??
Never said I was Batman,all I'm saying is you'll never see us together.
  • #13,489
  • Apr 7, 2015 3:50am Apr 7, 2015 3:50am
Quoting headfake
{quote} EURJPY [M15 chart] - shorting opportunities ??? {image} Masterrmind............. where did you say you were short in the first place ??
Look above at post 13484

An invitation was laid out to all who dare!

Entry was the next bearish candle as per the following chart.

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Did I know price was going to reach the M/Pivot...nope!
I simply watched PA at the structure lows and the DO line and kept the trade running (managing an active trade!)

Pleased to have at least one trader participating but its not always going to be a running commentary like this since it is time consuming and a challenge to get everything into the thread.

Masterrmind............
Master your Mind then Master your Trades
  • #13,490
  • Apr 7, 2015 5:05am Apr 7, 2015 5:05am
EJ

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Now we see a consolidation of price at the M/Pivot.

Is it any wonder why I trade in and around these levels on a regular basis?

Applying all the necessary tools in a traders arsenal to navigate in and around all the obstacles on the chart!

It is a dynamically driven process..........

So now that EJ is taking a well deserved break ..... we look at other opportunities from other pairs!

Good trading,

Masterrmind...........
Master your Mind then Master your Trades
  • #13,491
  • Apr 7, 2015 5:17am Apr 7, 2015 5:17am
Quoting Masterrmind
{quote} AUDUSD - setup close to 1:1 risk to reward ratio based on where I think price will go and where I think the best place for SL should be. Price potentially headed to the pivot SL just above the trendline or prior candle high in this case. Price really struggling to break down below the 382 Fib level with a very real chance that price might again push up and away from it! The trader will need to make this decision! Masterrmind..........
AUD - update

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Price has broken out of the trendline and headed up but had little to no momentum.

Areas of interest will be the MP followed by OF up to structure high.

If SH gets broken I'll be looking to go long (short term) since my global bias is still to short the Aussie down.

If price hesitates at or near the MP and shows bearish intent then I'll be looking to short it.

Time will tell.

Masterrmind............
Master your Mind then Master your Trades
  • #13,492
  • Apr 7, 2015 7:19am Apr 7, 2015 7:19am
AUDUSD -

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Been away for about 2 hours and looks like price rolled over on the Aussie and headed back down to the WP.

Note how the 618 retracement of the major move up coincides with the same level as the WP!

Looking at going long if the bulls show a strong intent to drive the price up........

Masterrmind.........
Master your Mind then Master your Trades
  • #13,493
  • Apr 7, 2015 7:37am Apr 7, 2015 7:37am
GJ

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Masterrmind...........
Master your Mind then Master your Trades
  • #13,494
  • Apr 7, 2015 9:15am Apr 7, 2015 9:15am
Quoting Masterrmind
UJ [M15 chart] - outlook as I see it! If price drops down past the DO line and enters my PRZ (based on ABCD pattern) then I'll be looking to long the pair. If price breaks out forming new structure highs (taking out the recent swing high) then I'll be looking to jump onboard and ride the pair up. {image} Don't anticipate things to happen fast though since we are in the Asian session and with that low volatility. Masterrmind.............
UJ - predicted hitting the 120's

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Masterrmind...........
Master your Mind then Master your Trades
  • #13,495
  • Apr 7, 2015 9:43am Apr 7, 2015 9:43am
Quoting Masterrmind
GJ {image} Masterrmind...........
Now short GJ

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entry against long term OF but bulls showing signs of weakness

price now inside the major channel and the expectation is to trade it down

Masterrmind...........
Master your Mind then Master your Trades
  • #13,496
  • Apr 7, 2015 9:58am Apr 7, 2015 9:58am
Quoting Masterrmind
AUDUSD - {image} Been away for about 2 hours and looks like price rolled over on the Aussie and headed back down to the WP. Note how the 618 retracement of the major move up coincides with the same level as the WP! Looking at going long if the bulls show a strong intent to drive the price up........ Masterrmind.........
AUDUSD - no current entry

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this pair at the moment is simply trading in far too tight of a range so no entry for me!

Masterrmind............
Master your Mind then Master your Trades
  • #13,497
  • Apr 7, 2015 10:27am Apr 7, 2015 10:27am
Quoting Masterrmind
{quote} Now short GJ {image} entry against long term OF but bulls showing signs of weakness price now inside the major channel and the expectation is to trade it down Masterrmind...........
GJ [M15 chart]

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a few pips locked in!

Masterrmind..........
Master your Mind then Master your Trades
  • #13,498
  • Apr 7, 2015 10:47am Apr 7, 2015 10:47am
Quoting Masterrmind
{quote} GJ [M15 chart] {image} a few pips locked in! Masterrmind..........
GJ +16 Pips

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Plenty of hesitation so closed it out +16 pips.

If price breaks down a little more I will consider re-entry for another 20 or so pips!

Masterrmind.............
Master your Mind then Master your Trades
  • #13,499
  • Apr 7, 2015 10:55am Apr 7, 2015 10:55am
I think I will call it a day at that!

Good trading,

Masterrmind............
Master your Mind then Master your Trades
  • #13,500
  • Apr 7, 2015 10:46pm Apr 7, 2015 10:46pm
AUDUSD [M15]

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Looking for shorting opportunities.

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