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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

  • #13,581
  • Apr 10, 2015 9:52am Apr 10, 2015 9:52am
Quoting PipTrendz
I did a similar move on a short but let it run too long and didn't manage tightly so lost 9 pips.
Yes you have to watch those darn reversal tendencies especially close to important levels.

I watch them like a hawk but even then they can still catch you out.

Masterrmind..........
Master your Mind then Master your Trades
  • #13,582
  • Apr 10, 2015 10:00am Apr 10, 2015 10:00am
GU [M5 chart]

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 33 KB


Masterrmind..........
Master your Mind then Master your Trades
  • #13,583
  • Apr 10, 2015 10:07am Apr 10, 2015 10:07am
Quoting Masterrmind
GU [M5 chart] {image} Masterrmind..........
Short GU

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Masterrmind..........
Master your Mind then Master your Trades
  • #13,584
  • Apr 10, 2015 10:14am Apr 10, 2015 10:14am
Quoting Masterrmind
{quote} Short GU {image} Masterrmind..........
GU - tightened up my SL to BE and got taken out.

Attached Image (click to enlarge)
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Re-entered again so I'm all for shorting it again!

Masterrmind...........
Master your Mind then Master your Trades
  • #13,585
  • Apr 10, 2015 10:31am Apr 10, 2015 10:31am
Quoting Masterrmind
{quote} GU - tightened up my SL to BE and got taken out. {image} Re-entered again so I'm all for shorting it again! Masterrmind...........
I entered long about 5 bars before that and got taken out at BE, was looking for a retest of the previous high for 10 pips.
  • #13,586
  • Apr 10, 2015 10:34am Apr 10, 2015 10:34am
Quoting Masterrmind
{quote} GU - tightened up my SL to BE and got taken out. {image} Re-entered again so I'm all for shorting it again! Masterrmind...........
GU +5 pips again.

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


Masterrmind..........
Master your Mind then Master your Trades
  • #13,587
  • Apr 10, 2015 10:41am Apr 10, 2015 10:41am
Quoting PipTrendz
{quote} I entered long about 5 bars before that and got taken out at BE, was looking for a retest of the previous high for 10 pips.
Yes its up and down quite a bit and now its attempting to push up and away from the 382 fib...... but

Short term Of is still for shorting it.

I just don't want to give it too much rope at this stage of the week......it has been a great day!

Basically milking the pair for a few more pips (not going to let a trade run over the weekend)

Almost my rest time anyway so I'll be out very soon........

ps. you might like to long it up close to the WS level now........ good luck if you do....

Attached Image (click to enlarge)
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Im more interested in shorting it down .... very soon indeed!

Masterrmind............
Master your Mind then Master your Trades
  • #13,588
  • Apr 10, 2015 11:28am Apr 10, 2015 11:28am
That's me done for the week!

Good trading,

Masterrmind..........
Master your Mind then Master your Trades
  • #13,589
  • Apr 13, 2015 3:31am Apr 13, 2015 3:31am
New week, good luck to everyone!

Short on EU to start things off.
Watching for test of daily support and mid RN:

Attached Image (click to enlarge)
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  • #13,590
  • Apr 13, 2015 4:36am Apr 13, 2015 4:36am
TP hit +34 pips
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  • #13,591
  • Apr 13, 2015 5:13am Apr 13, 2015 5:13am
Re-entered short on EURUSD as a breakout-pullback.
Lots of confluence here: multiple fibs, RN, Daily S1, harmonic move
Attached Image (click to enlarge)
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  • #13,592
  • Apr 13, 2015 8:46am Apr 13, 2015 8:46am
A small, open position yesterday, daily doji Friday's close, re failed testing in 1H, which activates the sell limit placed in the area of supply, to the area of demand.
Once the order has been activated, you can see in 1H, clear bearish divergence.
regards
Attached Image(s) (click to enlarge)
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  • #13,593
  • Apr 13, 2015 10:01pm Apr 13, 2015 10:01pm
Quoting honestknave
TP hit +34 pips {image}
Nice trade. Especialy when the bulls tried to rally, you held to your plan. good job
  • #13,594
  • Apr 14, 2015 7:17am Apr 14, 2015 7:17am
Quoting Mack2013
{quote} Nice trade. Especialy when the bulls tried to rally, you held to your plan. good job
Thanks Mack2013.

I think that bullish rally was a precursor to the bull's return to force during the next trade. The support strength of such a minor RN actually caught me quite off-guard and I left several pips on the table.

Price was telling the story though, if I'd been willing to listen

Attached Image (click to enlarge)
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  • #13,595
  • Apr 15, 2015 4:14am Apr 15, 2015 4:14am
Quoting honestknave
Re-entered short on EURUSD as a breakout-pullback. Lots of confluence here: multiple fibs, RN, Daily S1, harmonic move {image}
Good charts.
Have you got anymore?
  • #13,596
  • Edited 5:32am Apr 15, 2015 5:07am | Edited 5:32am
Quoting Jamos
{quote} Good charts. Have you got anymore?
Thanks
Just gone short on GBPUSD... but chart is a mess right now for posting. Chart to follow
Update: out. Most definitely guilty of fitting a square peg in a round hole on that one
  • #13,597
  • Apr 15, 2015 5:50am Apr 15, 2015 5:50am
Quoting honestknave
{quote} Thanks Just gone short on GBPUSD... but chart is a mess right now for posting. Chart to follow Update: out. Most definitely guilty of fitting a square peg in a round hole on that one
Here is the chart showing what went wrong.
(note I'm also in short again with a tight leash... proximity to those pivots).
Attached Image (click to enlarge)
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  • #13,598
  • Apr 15, 2015 8:18am Apr 15, 2015 8:18am
USDCAD [M15 chart]

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Price has hit my PRZ but price is hugging the WP (no trade yet)

Expectations shown on the chart........

Masterrmind............
Master your Mind then Master your Trades
  • #13,599
  • Apr 15, 2015 8:38am Apr 15, 2015 8:38am
Quoting Masterrmind
USDCAD [M15 chart] {image} Price has hit my PRZ but price is hugging the WP (no trade yet) Expectations shown on the chart........ Masterrmind............
Short USDCAD (SL moved up to BE + a few pips...trade protected)

Attached Image (click to enlarge)
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The red horizontal line above my TP is where I may close out the trade if PA stalls?

Masterrmind...........
Master your Mind then Master your Trades
  • #13,600
  • Apr 15, 2015 8:57am Apr 15, 2015 8:57am
Quoting Masterrmind
{quote} Short USDCAD (SL moved up to BE + a few pips...trade protected) {image} The red horizontal line above my TP is where I may close out the trade if PA stalls? Masterrmind...........
USDCAD +20 pips!

Attached Image (click to enlarge)
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Trade outlined before the fact........ :nerd:

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