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Ratios & Harmonics: a Different Way to Trade

  • #14,181
  • Jul 8, 2015 10:03am Jul 8, 2015 10:03am
One of those days today. First late exits, now early exits...

Simple trade, golden zone retracement in line with longer term order flow.

Not without it's risks - there was a lot of momentum and acceleration running down into the reversal zone plus the RN has been fickle today.

A very conservative exit. Now I'll sit back and watch price hit the Weekly PP as per my original prediction

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  • #14,182
  • Jul 8, 2015 10:12am Jul 8, 2015 10:12am
Quoting honestknave
Now I'll sit back and watch price hit the Weekly PP as per my original prediction
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  • #14,183
  • Jul 8, 2015 11:25am Jul 8, 2015 11:25am
Cable 1 min trade short of ABCD completion at structure.
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  • #14,184
  • Jul 8, 2015 11:30am Jul 8, 2015 11:30am
Quoting honestknave
One of those days today. First late exits, now early exits... Simple trade, golden zone retracement in line with longer term order flow. Not without it's risks - there was a lot of momentum and acceleration running down into the reversal zone plus the RN has been fickle today. A very conservative exit. Now I'll sit back and watch price hit the Weekly PP as per my original prediction {image}

Good trading Honest, I have not been able to trade much recently. Just saw that cable trade that ticked the boxes so took a quick scalp, but I really like the way you are processing Mr Pips teachings.
Keep going

Aj1
  • #14,185
  • Jul 8, 2015 1:03pm Jul 8, 2015 1:03pm
Quoting Aj1
Cable 1 min trade short of ABCD completion at structure. {image}
Great trade, nicely in line with the long term order flow too. I missed that one completely!
  • #14,186
  • Jul 8, 2015 1:04pm Jul 8, 2015 1:04pm
Quoting Aj1
{quote} Good trading Honest, I have not been able to trade much recently. Just saw that cable trade that ticked the boxes so took a quick scalp, but I really like the way you are processing Mr Pips teachings. Keep going Aj1
Thanks Aj1, hopefully participation in the thread will pick up again
  • #14,187
  • Edited 10:01am Jul 9, 2015 9:24am | Edited 10:01am
Good Morning haven't posted for awhile but here's one.

Overall trend long term is Bearish. Got a weak bull rally off NSL into 1.54000. seen strength on both sides but I'm expecting over all bearish trend to continue.

My entry was a little crappy. break below the consolidation

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0800 PST / 1100 EST - I'm not liking the struggle in price to push lower . moved stops to above 1.54. If price makes it up there again I don't want to be in
  • #14,188
  • Jul 9, 2015 10:10am Jul 9, 2015 10:10am
Quoting Mack2013
Good Morning haven't posted for awhile but here's one. Overall trend long term is Bearish. Got a weak bull rally off NSL into 1.54000. seen strength on both sides but I'm expecting over all bearish trend to continue. My entry was a little crappy. break below the consolidation {image} 0800 PST / 1100 EST - I'm not liking the struggle in price to push lower . moved stops to above 1.54. If price makes it up there again I don't want to be in
Hello Mack, nice to see you back

It looks like we're in the same trade

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  • #14,189
  • Jul 9, 2015 10:25am Jul 9, 2015 10:25am
Quoting honestknave
{quote} Hello Mack, nice to see you back It looks like we're in the same trade {image}
Nice Nice..... Great minds think alike haha

I ended up taking off all my position at target 1 profits +16.2 pips. I'm expecting a reaction and support looks strong so.... Maybe it was to early we will see
  • #14,190
  • Jul 9, 2015 10:26am Jul 9, 2015 10:26am
Yep, I just abandoned ship too, at the 1:1 completion. Only +15 pips for me, but London is going home.

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  • #14,191
  • Edited 4:52pm Jul 9, 2015 10:42am | Edited 4:52pm
Uhmmm. I was thinking of taking an aggressive entry long back up to the 1.5400 handle but......

-It's not with the overall L/T bearish trend but it is with this mornings bullish trend.
-I don't really like the R:R
but... with the recent PA into structure I'm expecting it to hold and make another attempt.....

I think I'll wait to see if I can get a change in S/T order flow


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0900 PST/1200 EST - second attempt broke lower. Break below/close below. no entry

1400 PST/ 1700 EST - was watching this set up but it completed after my allowable time. No good entry & against strength. Not sure if I would of gotten in on this... until tomorrow I guess.

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  • #14,192
  • Jul 9, 2015 5:13pm Jul 9, 2015 5:13pm
Quoting Mack2013
Uhmmm. I was thinking of taking an aggressive entry long back up to the 1.5400 handle but...... -It's not with the overall L/T bearish trend but it is with this mornings bullish trend. -I don't really like the R:R but... with the recent PA into structure I'm expecting it to hold and make another attempt..... I think I'll wait to see if I can get a change in S/T order flow {image} 0900 PST/1200 EST - second attempt broke lower. Break below/close below. no entry 1400 PST/ 1700 EST - was watching this set up but it completed after my allowable...
I would have definitely took a short back into this structure,but don't like trading cable through Asia wait till tomorrow now

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Never said I was Batman,all I'm saying is you'll never see us together.
  • #14,193
  • Jul 10, 2015 3:52am Jul 10, 2015 3:52am
Good morning everyone

Currently long EURUSD.

Bullish order flow since Europe opened this morning.

Price faltered around the major round number then put in a lower high (not good). However, closing above the RN was an achievement in itself for the bulls.

The bears completely failed to capitalize on the lower high and put in a very weak test of the RN.

This test coincided with the golden zone and AB=CD completion.

At this stage, the expectation is for price to test the mid round number which will coincide nicely with a 1:1 move.

However, this won't necessarily be an easy task. The bulls will need to put in some new highs after breaking structure. Let's see how price behaves

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  • #14,194
  • Jul 10, 2015 4:23am Jul 10, 2015 4:23am
Quoting honestknave
At this stage, the expectation is for price to test the mid round number which will coincide nicely with a 1:1 move.
Closed out at +45 pips, expectation hit.

The bullish break candle from 1.1125 is a great example of what happens when the pressure builds up at an area of interest and then eventually pops.

I closed out, but have a feeling there is going to be more follow through on this break.

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  • #14,195
  • Jul 10, 2015 6:54am Jul 10, 2015 6:54am
Quoting honestknave
I closed out, but have a feeling there is going to be more follow through on this break.
Well, there certainly was

Back in long again:

  1. In line with dominant order flow
  2. Late completion of bearish AB=CD
  3. Touch of the golden zone
  4. Structure at the minor RN


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  • #14,196
  • Jul 10, 2015 7:31am Jul 10, 2015 7:31am
I thought I might mix things up with a brief discussion about mid-trade analysis, to see who has the upper hand (bulls or bears).

This is particularly relevant in a squeeze situation, where price is trapped between 2 boundaries and the gap is slowly getting smaller and smaller and demanding a resolution.

The question is which way? Take out the BE stop, or push up to the next barrier (the major RN, which will be a whole other story)

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  • #14,197
  • Jul 10, 2015 7:48am Jul 10, 2015 7:48am
And there is what happens when you waste time posting on an abandoned thread rather than watching your trade

Bulls did indeed have the upper hand for the pop and test of the major RN. Too bad I was posting rather than watching

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  • #14,198
  • Jul 10, 2015 7:57am Jul 10, 2015 7:57am
Let's see if I can baby sit this one better! Annotation to follow
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  • #14,199
  • Jul 10, 2015 10:31am Jul 10, 2015 10:31am
Quoting honestknave
And there is what happens when you waste time posting on an abandoned thread rather than watching your trade Bulls did indeed have the upper hand for the pop and test of the major RN. Too bad I was posting rather than watching {image}
I often found myself in the same situation. Ha-ha! In one instants, its good to cement your thoughts and ideas but the loss of focus can be frustrating. I keep a journal beside me of what I expect or observations for later review. Sometime I'm looking at a set up, write it down, look up, and missed the entry. LOL

I've had a boring morning. one trade for 8 pips. looking at one set up on GBPUSD 5min. I don't like the barriers tho. If price breaks below & closes below L/T order flow swing low, the probability of price penetrating 1.55 to test NSH decreases. Bears look like their gaining some momentum too. nothing else to really post. I don't think I'll be around when yellen speaks.

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  • #14,200
  • Jul 10, 2015 3:19pm Jul 10, 2015 3:19pm
Quoting Mack2013
{quote} I often found myself in the same situation. Ha-ha! In one instants, its good to cement your thoughts and ideas but the loss of focus can be frustrating. I keep a journal beside me of what I expect or observations for later review. Sometime I'm looking at a set up, write it down, look up, and missed the entry. LOL I've had a boring morning. one trade for 8 pips. looking at one set up on GBPUSD 5min. I don't like the barriers tho. If price breaks below & closes below L/T order flow swing low, the probability of price penetrating 1.55 to test...
I enjoy seeing your charts - more than once I've found myself looking at the same trade opportunity, but through slightly different optics. Great stuff
I think you're mainly a cable guy, yes? It's my backup currency to EURUSD, so the GBPUSD chart is normally open but only accounts for 20% of my trades.
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