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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

  • #14,061
  • Jun 15, 2015 11:00am Jun 15, 2015 11:00am
stopped out
  • #14,062
  • Jun 15, 2015 11:32am Jun 15, 2015 11:32am
Quoting Aj1
Afternoon Traders I took this Cable 5m, long trade on structure, it was against orderflow, therefore had to be aggressive with it. +16. {image}
Nice trade on this one Aj1, I wouldn't have seen it. Good job
  • #14,063
  • Jun 15, 2015 12:26pm Jun 15, 2015 12:26pm
Quoting honestknave
{quote} Nice trade on this one Aj1, I wouldn't have seen it. Good job

Thanks Hk

I hope to be contributing more, been busy of late. Trade well.

Aj1
  • #14,064
  • Jun 15, 2015 1:05pm Jun 15, 2015 1:05pm
Quoting Aj1
{quote} Thanks Hk I hope to be contributing more, been busy of late. Trade well. Aj1
Likewise Aj1, even today I've not managed much screen time.

Currently in short on EURUSD again.
Clear momentum shift in the bulls as the AB=CD maxed out at the top of the golden zone (also minor RN).
It went against me to start with but now seems to be running better albeit currently bouncing off a mid RN.
Target is optimistic, will probably be revised (particularly if I get bored of babysitting the trade!)

Attached Image (click to enlarge)
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  • #14,065
  • Jun 15, 2015 1:15pm Jun 15, 2015 1:15pm
Quoting Mr. Pip
What is market harmonics? Is it possible that the marketsare not random? The answer is yes there is nothing random about this or any other market or instrument you wish to trade. Harmonics is the process of identifying the market’s rhythm or its pulse if you will and exploiting any and all opportunities. There are visual occurrences that have tendencies to repeat themselves over and over again. It is our job as chart technicians to identify them and trade them. The principles of harmonics and ratios have no boundaries. They can be applied to any...
There is nothing random about financial markets. The markets move stealthly so most never figure out what is going on. For most it is a short term 50/50 gambling thrill ride. For the few that have the tenacity to stick with trading through the pain there is a huge reward on the other side. Once you put in the time and effort to earn the skill to start to make profit everyday you have arrived.
  • #14,066
  • Jun 15, 2015 2:13pm Jun 15, 2015 2:13pm
Quoting Giganntor
{quote} There is nothing random about financial markets. The markets move stealthly so most never figure out what is going on. For most it is a short term 50/50 gambling thrill ride. For the few that have the tenacity to stick with trading through the pain there is a huge reward on the other side. Once you put in the time and effort to earn the skill to start to make profit everyday you have arrived.
The term "random" is often used when "hard to predict" would be a more accurate description.
Markets move because participants are buying and selling.
For the most part, the buying and selling happens for a reason (at least in the heads of the participants) ipso facto the markets are not random.
  • #14,067
  • Jun 15, 2015 10:31pm Jun 15, 2015 10:31pm
Quoting chotabheem
Trade 224 - open, GBPAUD M5, ab=cd78.6 completion sell, levels in chart. {image}
exited at a little below BE, call closed.

Attached Image (click to enlarge)
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I follow only one person and his strategies...
  • #14,068
  • Jun 15, 2015 10:45pm Jun 15, 2015 10:45pm
Trade 230 - open

AUDUSD M5 abcd completion sell, levels in the chart.

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I follow only one person and his strategies...
  • #14,069
  • Jun 15, 2015 10:48pm Jun 15, 2015 10:48pm
Trade 231- open

EURAUD M30 delayed entry, abcd completion buy, levels in chart.

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I follow only one person and his strategies...
  • #14,070
  • Edited 2:00am Jun 16, 2015 12:11am | Edited 2:00am
Trade 232 - closed

EURJPY M5 abcd completion sell, levels in chart.

Attached Image (click to enlarge)
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update,

SL taken, call closed.

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I follow only one person and his strategies...
  • #14,071
  • Jun 16, 2015 12:38am Jun 16, 2015 12:38am
Trade 233 - open,

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

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Click to Enlarge Name: Image1.png Size: 19 KB
I follow only one person and his strategies...
  • #14,072
  • Jun 16, 2015 8:09am Jun 16, 2015 8:09am
Quoting honestknave
{quote} Likewise Aj1, even today I've not managed much screen time. Currently in short on EURUSD again. Clear momentum shift in the bulls as the AB=CD maxed out at the top of the golden zone (also minor RN). It went against me to start with but now seems to be running better albeit currently bouncing off a mid RN. Target is optimistic, will probably be revised (particularly if I get bored of babysitting the trade!) {image}
Be careful shorting EUR USD. Currently in a counter trend long against the longer term trend which is short. Retail is net short, commercial is net long, shortly it is going to shift the other way-retail net long commercial net short.
  • #14,073
  • Jun 17, 2015 3:03am Jun 17, 2015 3:03am
Quoting Giganntor
{quote} Be careful shorting EUR USD. Currently in a counter trend long against the longer term trend which is short. Retail is net short, commercial is net long, shortly it is going to shift the other way-retail net long commercial net short.
Thanks for the tip Giganntor.
I have a healthy respect for how fundamentals can really ruin my day, but as I tend to hold my positions for relatively short periods of time (5 minutes to an hour) I can usually get away with taking positions in both directions throughout the day. For example, yesterday was 3 buys and 2 sells on EURUSD.
There is (usually!) some forewarning for a change in power, either scheduled news or a change becomes apparent on the chart itself.
  • #14,074
  • Jun 18, 2015 2:43am Jun 18, 2015 2:43am
Whats up people? I have been out of office for a few weeks so I havn't done much trading. Always lerking though!

Short on EURGBP. This pair has been trending very nicely lately, so it was a matter of waiting on a pullback into an area of resistance, then waited for confirmation to enter. This retraced to the 50% fib, so looking at an AB=CD.
Attached Image (click to enlarge)
Click to Enlarge Name: $EURGBP (60 Min) 6_18_2015.jpg Size: 85 KB
Damn The Torpedoes, Full Speed Ahead!
  • #14,075
  • Jun 18, 2015 5:30am Jun 18, 2015 5:30am
Quoting DizzleFX
Whats up people? I have been out of office for a few weeks so I havn't done much trading. Always lerking though! Short on EURGBP. This pair has been trending very nicely lately, so it was a matter of waiting on a pullback into an area of resistance, then waited for confirmation to enter. This retraced to the 50% fib, so looking at an AB=CD. {image}
Trade looks good.
  • #14,076
  • Jun 18, 2015 6:03am Jun 18, 2015 6:03am
Quoting Giganntor
{quote} Trade looks good.
It sure is taking its time though! Price has been hanging around this S/R area for a while. Expectation is still a NSL.
Damn The Torpedoes, Full Speed Ahead!
  • #14,077
  • Jun 18, 2015 6:13am Jun 18, 2015 6:13am
Quoting DizzleFX
Whats up people? I have been out of office for a few weeks so I havn't done much trading. Always lerking though! Short on EURGBP. This pair has been trending very nicely lately, so it was a matter of waiting on a pullback into an area of resistance, then waited for confirmation to enter. This retraced to the 50% fib, so looking at an AB=CD. {image}

I think I will ride with you. it was ranging a bit so drop down. risking 12 pips for 55 pips. BE at 20 pips. if it breaks 7150 we should be good to go. we'll see
Attached Image (click to enlarge)
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Empower Your Mind
  • #14,078
  • Jun 18, 2015 6:29am Jun 18, 2015 6:29am
Quoting Aj1
stopped out
Be careful shorting Eur Usd right now, the pair is in a countertrend long. Shortly Eur USD will be back on the short side trend towards parity. The commercials are all long Eur Usd which is why the news the last few months about Greece and EU has been negative, to get everyone short looking for parity while the commercials were long against retail. You will soon see a shift to positive news from the EU and then the pair will resume the downtrend.
  • #14,079
  • Jun 18, 2015 6:42am Jun 18, 2015 6:42am
Quoting Giganntor
{quote} Be careful shorting Eur Usd right now, the pair is in a countertrend long. Shortly Eur USD will be back on the short side trend towards parity. The commercials are all long Eur Usd which is why the news the last few months about Greece and EU has been negative, to get everyone short looking for parity while the commercials were long against retail. You will soon see a shift to positive news from the EU and then the pair will resume the downtrend.

Only trading what I see. Thanks for your insight
Empower Your Mind
  • #14,080
  • Jun 18, 2015 7:28am Jun 18, 2015 7:28am
Quoting vqtrader
{quote} I think I will ride with you. it was ranging a bit so drop down. risking 12 pips for 55 pips. BE at 20 pips. if it breaks 7150 we should be good to go. we'll see {image}
How you feeling about the trade?

I was concerned that there was some break down in this current swing. From an order flow perspective, it is still somewhat of a healthy trend. Just gonna stick with my guns on this one.
Attached Image (click to enlarge)
Click to Enlarge Name: $EURGBP progression.jpg Size: 98 KB
Damn The Torpedoes, Full Speed Ahead!
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