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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

  • #14,021
  • Edited 12:58pm Jun 9, 2015 10:34am | Edited 12:58pm
Trade 202 for my trade explorer Call Closed
Pair & TF:- EURJPY M1

Call type:- abcd completion SELL

Perspective:-

abcd D point confluence with 127.2/138
Structures right at PRZ from 140 to 140.1.
Angle of ascent is convincing, slope-y.
Sharp turnaround from 127-138 of AB, and it was a pinbar reversal.
Price has its D point at Golden ratio of the main wave before the current one from top to Point A.

Levels for the trade:-

Entry is at 140.042
SL is at 140.364
TP for BE adjustment is at 139.848
Final TP at 139.659
RR is at -0.322/0.383

Chart at call initiation:-

Attached Image (click to enlarge)
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update :-

Stoploss taken, call closed.

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  • #14,022
  • Edited 2:47am Jun 10, 2015 12:14am | Edited 2:47am
Trade 203 for my trade explorer - Call Closed

Pair & TF:- GBPUSD M5

Call type:- abcd completion SELL

Perspective:-

abcd D point confluence with 127.2/138
Structures right at PRZ, two big previous pivot highs ending their run right above PRZ.
Angle of ascent is convincing, slope-y for AB, not so much for CD but it was a two part move.
Good reaction to PRZ by price by a turnaround.

Levels for the trade:-

Entry is at 1.54129
SL is at 1.54679
TP for BE adjustment is at 1.53364
Final TP at 1.52922
RR is at -0.055/0.01207

Chart at call initiation:-

Attached Image (click to enlarge)
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Update :-

SL taken, call closed.

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  • #14,023
  • Edited 2:11am Jun 10, 2015 1:32am | Edited 2:11am
Trade 204 for my trade explorer - Call Closed

Pair & TF:- NZDCAD M5/M1

Call type:- ab=cd78.6 completion SELL & ab=cd50 as well.

Perspective:-

Ab=cd x 2 D point confluence
Structures right at PRZ and also above, two big previous pivot highs ending their run right above PRZ.
Angle of ascent is steep, and thats a worry.
Inability of price to cross structure at PRZ and its messy reaction to PRZ.

Levels for the trade:-

Entry is at 0.88364
SL is at 0.88620
TP for BE adjustment is at 0.88119
Final TP at 0.87965
RR is at -0.00256/0.00399

Chart at call initiation:-

Attached Image (click to enlarge)
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Update :-

SL updated to BE.

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Update 2 :-

Exited at updated SL. Call closed.

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  • #14,024
  • Edited 3:47am Jun 10, 2015 2:25am | Edited 3:47am
Trade 205 for my trade explorer Call Closed

Call type:- abcd completion buy

Perspective:-

Abcd D point confluence with 127.2
Structures below PRZ and price has taken support there and bounced back with a marubozu.
Abcd completion has a confluence with another huge ab=cd50 from 95.97 to 94.5 lows.
Angle of ascent is steep, round number 95 is right above and thats a worry.

Levels for the trade:-

Entry is at 94.948
SL is at 94.484
TP for BE adjustment is at 95.304
Final TP at 95.604
RR is at -0.464/0.656

Chart at call initiation:-

Attached Image (click to enlarge)
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Update:-

SL adjusted to BE already, as price approaches 38.2%.

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Update :-

Exited at 38.2%AD as price tanked after trending about 50%AD. Call closed.

Attached Image (click to enlarge)
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  • #14,025
  • Edited 5:44am Jun 10, 2015 3:30am | Edited 5:44am
Trade 206 for my trade explorer - Call Closed

Pair & TF:- NZDJPY M1

Call type:- abcd completion sell

Perspective:-

Abcd D point confluence with 127.2
Structures at PRZ and price has taken resistance there and has come down a bit.
Price could be part of a wider aggressive CD leg move of a bigger ab from 89.93 to 87.78 for an abcd.
Angle of ascent is steep which is a worry but so was the angle of descent which was much more aggressice in the before main wave.

Levels for the trade:-

Entry is at 88.521
SL is at 88.706
TP for BE adjustment is at 88.266
Final TP at 88.076
RR is at -0.185/0.445

Chart at call initiation:-

Attached Image (click to enlarge)
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Update :-

SL updated to BE as price achieved 38.2%AD.

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Update:-

Gotten out at BE, call closed.


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  • #14,026
  • Edited 7:31am Jun 10, 2015 7:15am | Edited 7:31am
Trade 207 - closed

NZDUSD M1, ab=cd78.6 completion buy, levels in chart.

Attached Image (click to enlarge)
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update,

Gotten out at BE, SL was previously updated to BE as price approached 38.2%AD. Call closed.

Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 20 KB
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  • #14,027
  • Jun 10, 2015 7:38am Jun 10, 2015 7:38am
Trade 208 - open

AUDUSD M5 abcd completion sell. Levels in chart.

Attached Image (click to enlarge)
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  • #14,028
  • Jun 10, 2015 8:11am Jun 10, 2015 8:11am
Trade 209 - open,

GBPJPY M5, abcd c aggressive sell, levels in chart.

Attached Image (click to enlarge)
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Kindly bear with me for updating calls with a bit of a delay. Dealing with shitty internet, gone from bad to worse today. Unable to do shit with it.
Will get it corrected ASAP.
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  • #14,029
  • Edited 9:37am Jun 10, 2015 8:13am | Edited 9:37am
Trade 210 - closed

EURGBP M5 abcd completion buy, levels in chart.

Attached Image (click to enlarge)
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update,

SL taken, call closed.

Attached Image (click to enlarge)
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  • #14,030
  • Edited 9:38am Jun 10, 2015 8:21am | Edited 9:38am
Trade 211 - closed

GBPCHF M5 abcd completion sell, levels are marked in the chart.

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 21 KB


update,

SL taken, call closed.

Attached Image (click to enlarge)
Click to Enlarge Name: Image2.png Size: 18 KB
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  • #14,031
  • Edited 11:13pm Jun 10, 2015 8:24am | Edited 11:13pm
Trade 212 - closed

GBPNZD M1 ab=cd50 completion sell, levels are marked in the chart.

Attached Image (click to enlarge)
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update,

Well this one is different.

I believe the pair jumped and landed on somewhere above, like this,,

The dotted line marks the trade.

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How do I prepare for a scenario like this? well I just need to include insane stuff like this into the system and move along.

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Call closed. 274 odd bucks lost. Moving on.
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  • #14,032
  • Jun 10, 2015 11:13am Jun 10, 2015 11:13am
Trade 213 - open,

GBPCAD M5 abcd completion sell, levels in chart.

Attached Image (click to enlarge)
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  • #14,033
  • Jun 10, 2015 11:19am Jun 10, 2015 11:19am
Trade 214 - open

EURCAD M5, abcd C aggressive sell, levels in chart.

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 20 KB
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  • #14,034
  • Edited 12:55pm Jun 10, 2015 11:35am | Edited 12:55pm
Trade 215 - closed

CHFJPY M5, abcd completion buy, levels in chart.

Attached Image (click to enlarge)
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update,

SL taken, call closed.

Attached Image (click to enlarge)
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  • #14,035
  • Jun 10, 2015 11:07pm Jun 10, 2015 11:07pm
Trade 216 - open

USDCHF M5 - abcd completion sell, levels in chart.

Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 19 KB
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  • #14,036
  • Jun 10, 2015 11:12pm Jun 10, 2015 11:12pm
Quoting chotabheem
trade 212 - closed gbpnzd m1 ab=cd50 completion sell, levels are marked in the chart. {image} update, well this one is different. I believe the pair jumped and landed on somewhere above, like this,, the dotted line marks the trade. {image} how do i prepare for a scenario like this? Well i just need to include insane stuff like this into the system and move along. {image} call closed. 274 odd bucks lost. Moving on. {image}
well that happened (http://www.forexfactory.com/showthread.php?p=8317950#post8317950), throwing a wrench into the trade explorer. He he.
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  • #14,037
  • Jun 11, 2015 4:12am Jun 11, 2015 4:12am
Quoting chotabheem
{quote} well that happened (http://www.forexfactory.com/showthread.php?p=8317950#post8317950), throwing a wrench into the trade explorer. He he.
Not sure what your broker offset is, but I'd hazard a guess that was the RBNZ news.
Sadly, we don't have the luxury of ignoring news when trading the shorter timeframes... fundamentals always trump technicals, at least within the bounds of sensible stops
  • #14,038
  • Jun 11, 2015 6:51am Jun 11, 2015 6:51am
GBP/USD: Possible Sell.

There are two major deep pull backs to the bull swings which signals bears are in control. According to market harmony it should complete in the 1.57 area. Also if you look at the current swing 1 to 1 will put you in that area. It has pulled back to first structure(1.5450) and if it holds 1.57 is a good area for shorts. Second structure point( 5350)Anything can happen. Technically things are lined up, but now its time to pay attention to how the candles react in this area. Good luck
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Empower Your Mind
  • #14,039
  • Jun 11, 2015 7:14am Jun 11, 2015 7:14am
Quoting honestknave
{quote} Not sure what your broker offset is, but I'd hazard a guess that was the RBNZ news. Sadly, we don't have the luxury of ignoring news when trading the shorter timeframes... fundamentals always trump technicals, at least within the bounds of sensible stops
yeah, I suppose. I mixed up two or three higher timeframe calls into these M5 ones and that cost me dearly (after initially giving gains), now there is this, a news, but guess we'll have to factor in these as well. Fundamentals are the boss, they waltz in saying daddyz here. he he.
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  • #14,040
  • Edited 11:44pm Jun 11, 2015 10:46pm | Edited 11:44pm
Trade 217 - closed

CHFJPY M5, ab=cd78.6 completion sell... levels in chart.

Attached Image (click to enlarge)
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update,

TP achieved but spread did not trend down to TP, pulled back heavily, so exited at 38.2%AD. Call closed.

Attached Image (click to enlarge)
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