Ratios & Harmonics: a Different Way to Trade
{quote} AUDUSD [M15] Bulls continue to take price higher however there are signs of weakness starting to become evident Will continue to monitor with my focus on shorting the aussie anywhere from current level up to 0.76800. If price continues to push up higher then the next level I'll be looking at will be the MP @ 0.77000 Masterrmind............
EURUSD [M15] {image} Looking to short the euro back down if price reached my PRZ (after completion of an AB=CD pattern) If price rolls over and drops below "B" level with bearish intent then I'll look to take the earlier short. Masterrmind.............
{quote} EURUSD [M15] {image} So far I have resisted the urge to short the euro but I am monitoring bearish intent close to and below the horizontal blue line (refer to chart) Masterrmind.............
{quote} EURUSD - Update {image} Patience does have its advantages Looking to short the euro down from about the 1.08650 area subject to bearish intent...... Masterrmind.........
{quote} EURUSD - update {image} Bulls have driven price up hard into the PRZ zone Observe - wait for bullish weakness and a clear bearish intent! Masterrmind..........
EURJPY [M15] {image} Aggressive long entry........ Numerous obstacles on the way up so I'm expecting significant hesitation at key levels of structure. Masterrmind...........
GBPUSD - looking for short opportunities {image} GBP has been strong though so careful on the entry. Close to the MP though is a good place to execute the trade particularly after weakness is shown in the bulls.......... Masterrmind............
{quote} GU - Update {image} Now short GU with SL moved to BE and looking for 40+ pips....lets see! Reason for locking in the SL @ BE so soon is due to 'larger than usual' position size! I like this setup....... Update: 8 pips now locked in! Masterrmind...........
{quote} GU +13 pips in the bag {image} will consider re-entry later since price has started to show an interest in moving up again?! Masterrmind........
{quote} GU -more information! {image} Arguably a good decision to take the 13 pips considering the movement of price now to possibly re-test the MP Note the 50% retracement of the CD leg (I always look at price action close to these fib levels be it 382, 618 and 786) I will be looking with interest IF price approaches the MP and will be looking at opportunities to short the pair again. If price rolls over before reaching that level then of course shorting sooner rather than later will be on the agenda. Good trading, Masterrmind..........
{quote} GU {image} Price almost back up into my PRZ zone close to the MP @ 149.600 Looking for the right entry Masterrmind...........
{quote} GU - get ready! {image} Time the entry and be aware of all the possibilities (continuation up and through the PRZ or a nice sharp reversal??) Masterrmind........... :nerd:
{quote} GU {image} Clearly this is observation time with price simply stalling at the MP inside my PRZ so we wait patiently Masterrmind........... :nerd:
