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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

  • #13,601
  • Apr 15, 2015 7:08am Apr 15, 2015 7:08am
EURJPY [M15 chart]

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Masterrmind............
Master your Mind then Master your Trades
  • #13,602
  • Apr 15, 2015 7:13am Apr 15, 2015 7:13am
EURUSD [M15 chart]

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Trades galore for the prepared trader ......... good luck!

Masterrmind.........
Master your Mind then Master your Trades
  • #13,603
  • Apr 15, 2015 7:19am Apr 15, 2015 7:19am
GBPUSD [M15 chart]

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Time it and collect!

Watch in case the bulls show renewed interest......price is at an interesting level......

Good trading,

Masterrmind........... :nerd:
Master your Mind then Master your Trades
  • #13,604
  • Apr 15, 2015 7:34am Apr 15, 2015 7:34am
Quoting Masterrmind
EURJPY [M15 chart] {image} Masterrmind............
EURJPY [M15 chart]

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A few options here but take your time setting it up and wait for the right invitation

Good trading,

Masterrmind...........
Master your Mind then Master your Trades
  • #13,605
  • Apr 15, 2015 7:45am Apr 15, 2015 7:45am
Quoting Masterrmind
{quote} EURJPY [M15 chart] {image} A few options here but take your time setting it up and wait for the right invitation Good trading, Masterrmind...........
EJ - price kept pushing lower so no long.......

Structure lows could be tested.......

Masterrmind............
Master your Mind then Master your Trades
  • #13,606
  • Apr 15, 2015 7:55am Apr 15, 2015 7:55am
EURJPY [M15 chart]

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Following order flow, keeping an eye on PA and searching for trading opportunities........

Dynamic trading!

Masterrmind........... :nerd:
Master your Mind then Master your Trades
  • #13,607
  • Apr 15, 2015 8:19am Apr 15, 2015 8:19am
EJ [M15 chart]

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Looking for an opportunity to go long

Masterrmind...........
Master your Mind then Master your Trades
  • #13,608
  • Apr 15, 2015 8:29am Apr 15, 2015 8:29am
Quoting Masterrmind
EJ [M15 chart] {image} Looking for an opportunity to go long Masterrmind...........
EJ - update

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+5 pips on a quick scalp

Also long EJ now.....

Masterrmind............
Master your Mind then Master your Trades
  • #13,609
  • Apr 15, 2015 8:40am Apr 15, 2015 8:40am
EURUSD +5 pips on a quick scalp!

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Entered long again!

Masterrmind...........
Master your Mind then Master your Trades
  • #13,610
  • Apr 15, 2015 8:55am Apr 15, 2015 8:55am
USDJPY [M15 chart]

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Long UJ but keeping a close eye on it!

Masterrmind...........
Master your Mind then Master your Trades
  • #13,611
  • Apr 15, 2015 4:11pm Apr 15, 2015 4:11pm
Results from the 3 trades left to run (over night in my time zone +10 GMT) were:

EURJPY + 70 pips

EURUSD +35 pips

USDJPY - 9 pips

Total = + 96 pips.

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Good trading,

Masterrmind...........
Master your Mind then Master your Trades
  • #13,612
  • Apr 15, 2015 5:44pm Apr 15, 2015 5:44pm
I entered a trade on the GBP/AUD after a very poor week for me thus far. I have recently been guilty of not allowing my trades enough time to run their course, and putting my stop losses too close or moving my s/l to break even too early etc. For this trade I had to walk away, to allow the trade the time it needed, just checking in each hour. If I had been watching the screen I may have created a reason in my mind to exit. The trade has brought me to break-even overall on the week.

There was confluence on two time frames, and I had fundamental reasons for the trade.
A 61.8% pullback on the 1hr and what appeared at the time to be a top on the smaller TF's. A completion of a bullish AB=CD at the 127 level. So I entered short.
I hope the charts are clear enough. I will be monitoring the AUD/USD during this trade, and if I see an obvious change to AUD weakness, I will then be looking to exit the GBP/AUD short.
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  • #13,613
  • Apr 15, 2015 6:39pm Apr 15, 2015 6:39pm
The AUD has fundamentals in its favour, so the GBP/AUD continued lower.
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  • #13,614
  • Apr 15, 2015 11:27pm Apr 15, 2015 11:27pm
Quoting Jamos
I entered a trade on the GBP/AUD after a very poor week for me thus far. I have recently been guilty of not allowing my trades enough time to run their course, and putting my stop losses too close or moving my s/l to break even too early etc. For this trade I had to walk away, to allow the trade the time it needed, just checking in each hour. If I had been watching the screen I may have created a reason in my mind to exit. The trade has brought me to break-even overall on the week. There was confluence on two time frames, and I had fundamental reasons...
I really like this trade
The entry was great and you kept logical reasons for moving your SL.
I agree that just above the 38.2 is a sensible spot after a move like that (if you're not taking your winnings off the table)- there is also some structure around there on the H1 chart.
Thanks for sharing
  • #13,615
  • Apr 16, 2015 12:00am Apr 16, 2015 12:00am
Hello Mr. Mastermind,
I have been following this thread for a while, especially your posts. You have been doing Great!
I am trying to learn from your posts, especially PA and way of analysis. Also, how well you 'Resist' your 'Temptation'!
This is really needed to survive in this market.

I have a request to you. I know it's quite tough while trading Real account and posting to a forum simultaneously but
it would be Great if you could explain a bit the 'PA' you see on the charts which Resists or Triggers you from/for a Trade.

Regards
  • #13,616
  • Edited 1:49am Apr 16, 2015 1:29am | Edited 1:49am
A nice "box-ticker" after London open: EURUSD short for +35 pips

  1. Increase in bearish strength

  1. AB=CD bullish retracement

  1. Golden zone retracement

  1. 1:1 completion to the downside


Additional considerations: proximity of the Daily Pivot. It failed on the first test (narrowly missing TP), but then did actually break and run further on the second test. Oh well, benefits of hindsight I suppose...

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  • #13,617
  • Apr 16, 2015 6:17am Apr 16, 2015 6:17am
Quoting Arav007
Hello Mr. Mastermind, I have been following this thread for a while, especially your posts. You have been doing Great! I am trying to learn from your posts, especially PA and way of analysis. Also, how well you 'Resist' your 'Temptation'! This is really needed to survive in this market. I have a request to you. I know it's quite tough while trading Real account and posting to a forum simultaneously but it would be Great if you could explain a bit the 'PA' you see on the charts which Resists or Triggers you from/for a Trade. Regards
This is difficult to explain in a post what has taken me many years to master (and yes there is always room to improve) and it could easily fill a book!

The PA should be fairly obvious in many of the charts I have posted and the commentary that goes along with them.

I would suggest studying my charts in more detail.

If I have the time I will post some extra details but the charts themselves have quite a lot of information in them.

The right type of experience also plays a very big role in trading.

Learn everything you can from this thread and elsewhere, especially about PA, harmonics, Fibs, Pivots, S+R, levels, session patterns and candlestick patterns to name a few because you need to really understand all of these things very deeply before you can understand how to control your urges and the 'temptations' in trading.

Good trading,

Masterrmind...........
Master your Mind then Master your Trades
  • #13,618
  • Apr 16, 2015 11:36am Apr 16, 2015 11:36am
Quoting Arav007
Hello Mr. Mastermind, I have been following this thread for a while, especially your posts. You have been doing Great! I am trying to learn from your posts, especially PA and way of analysis. Also, how well you 'Resist' your 'Temptation'! This is really needed to survive in this market. I have a request to you. I know it's quite tough while trading Real account and posting to a forum simultaneously but it would be Great if you could explain a bit the 'PA' you see on the charts which Resists or Triggers you from/for a Trade. Regards
Hello Arav007,

I suggest you look into Lance Beggs.

Several of us (including Mr. Pip) have all learned from his work and there is a lot of overlap with these techniques.

He has a couple of paid courses, but there is also plenty of free material including videos. I particularly like his simplified take on candlestick analysis you will find here (http://yourtradingcoach.com/trading-process-and-strategy/better-than-candlestick-patterns-part-one/) (it has several parts).

Good luck
  • #13,619
  • Apr 16, 2015 1:37pm Apr 16, 2015 1:37pm
Another nice trade playing out on EURUSD (short)

The bulls were clearly running out of steam... projection decreased while depth increased.

This all coincided with a major round number.

Expectation was a breakout failure.

The bears broke back through with force (good sign) then retraced to the RN but showed clear rejection to continue higher (even better sign).

Attached Image (click to enlarge)
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  • #13,620
  • Edited 4:38pm Apr 16, 2015 3:47pm | Edited 4:38pm
Quoting honestknave
Another nice trade playing out on EURUSD (short) The bulls were clearly running out of steam... projection decreased while depth increased. This all coincided with a major round number. Expectation was a breakout failure. The bears broke back through with force (good sign) then retraced to the RN but showed clear rejection to continue higher (even better sign). {image}
Nice Trade.
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