THERE IS NO SYSTEM
Ratios & Harmonics: a Different Way to Trade
- #14,361
- Sep 3, 2015 4:06pm Sep 3, 2015 4:06pm
- Joined Mar 2010 | Status: FUNDAMENTAL IS EVERYTHING | 1,877 Posts
- #14,362
- Edited 10:04am Sep 8, 2015 8:55am | Edited 10:04am
- | Joined Dec 2013 | Status: Trader | 1,118 Posts
Good morning,
Looking at this on the GBPUSD.... Price is showing signs that the bullish trend might be topping this morning. (weaker projection, weaker momentum, and deeper pullbacks) So, I'm just looking for a LH with the trend. Approximately just before the RN.
I have not engaged yet. waiting on the reaction. Looking for some commitment.
Update: Engaged @ 0710 PST
Update: Stopped out -12.8 pips. Had lots of time to exit but held on anyway. oh well
Looking at this on the GBPUSD.... Price is showing signs that the bullish trend might be topping this morning. (weaker projection, weaker momentum, and deeper pullbacks) So, I'm just looking for a LH with the trend. Approximately just before the RN.
I have not engaged yet. waiting on the reaction. Looking for some commitment.
Update: Engaged @ 0710 PST
Update: Stopped out -12.8 pips. Had lots of time to exit but held on anyway. oh well
- #14,363
- Edited 9:26am Sep 9, 2015 8:01am | Edited 9:26am
- | Joined Dec 2013 | Status: Trader | 1,118 Posts
Good morning. I`m looking at this on the EURUSD. Waiting for price to die off a little more (decelerate) and waiting for some commitment. I`d be interested to see a change in S/T Order flow.
Update: 0628 PST. I engaged in the long. But I think I entered prematurely
... we will see how it plays out
Update: 0723 PST Took profits +30pips. Even thought the bulls are showing strength, I took profits anyway.
Update: 0628 PST. I engaged in the long. But I think I entered prematurely
... we will see how it plays out Update: 0723 PST Took profits +30pips. Even thought the bulls are showing strength, I took profits anyway.
- #14,364
- Sep 14, 2015 8:09pm Sep 14, 2015 8:09pm
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
If you fail to plan, you plan to fail.
- #14,365
- Sep 15, 2015 1:36am Sep 15, 2015 1:36am
- Joined Aug 2011 | Status: Trader | 4,956 Posts
Hello Traders, just popping in to say hello and to wish everyone well with your trading. Never give up the fight and keep reading those charts.
Just wanted to say thank you for all the work you put into this thread. Though I don't post much these days, I learnt a lot here and it added another element to my trading.
Here's an example of a successful C sell I took yesterday on EJ. (Though I was confident PA would move further beyond my TP it was all my MM system needed for that trade. It also gives the option to reload on a pullback).
Thank you,
Matt.
As the lights go by so too do the shadows move
- #14,366
- Sep 15, 2015 6:21am Sep 15, 2015 6:21am
- Joined Jun 2013 | Status: Master chaos and you master trading | 11,287 Posts
Hello Traders, just popping in to say hello and to wish everyone well with your trading. Never give up the fight and keep reading those charts.
Take care!
Masterrmind...........
Master your Mind then Master your Trades
- #14,368
- Sep 15, 2015 9:46am Sep 15, 2015 9:46am
- | Joined Dec 2013 | Status: Trader | 1,118 Posts
good morning. finally had a day off to get some business done. I'm looking at this set up on the GBPUSD. I'm currently in a short looking for the completion. I have a few things I don't like about this set up. Particularly that completion is in no mans land and that both AB and CD show strength (momentum)
uhmmmm I'll see what PA looks like but I think I might pass on this one.
uhmmmm I'll see what PA looks like but I think I might pass on this one.
- #14,371
- Sep 18, 2015 4:18pm Sep 18, 2015 4:18pm
- Joined Nov 2014 | Status: Trader | 1,300 Posts
Nice to see you back Mr. Pip, the thread has been missing your videos and input!
Today was first day trading for the last few weeks.
EURUSD short
The setup was a basic AB:CD with a drop in momentum coinciding with a round number.
Entry was premature, going into 10 pips drawdown straight away.
Fortunately, it turned out to be a trade that just kept giving. Lower highs and lower lows, as simple as that.
Exit was actually late by my standards (but worked in my favour).
+130 pips
Wishing everyone a pleasant weekend
Today was first day trading for the last few weeks.
EURUSD short
The setup was a basic AB:CD with a drop in momentum coinciding with a round number.
Entry was premature, going into 10 pips drawdown straight away.
Fortunately, it turned out to be a trade that just kept giving. Lower highs and lower lows, as simple as that.
Exit was actually late by my standards (but worked in my favour).
+130 pips
Wishing everyone a pleasant weekend
- #14,372
- Sep 21, 2015 7:49am Sep 21, 2015 7:49am
- | Joined Dec 2013 | Status: Trader | 1,118 Posts
Nice to see you back Mr. Pip, the thread has been missing your videos and input!
- #14,374
- Sep 21, 2015 1:19pm Sep 21, 2015 1:19pm
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
Nice to see you back Mr. Pip, the thread has been missing your videos and input!
If you fail to plan, you plan to fail.
- #14,375
- Sep 21, 2015 1:20pm Sep 21, 2015 1:20pm
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
If you fail to plan, you plan to fail.
- #14,376
- Sep 21, 2015 1:24pm Sep 21, 2015 1:24pm
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
If you fail to plan, you plan to fail.
Yes it was crab. Thx for reply !!!
I am still reading this thread. I have a question about entry, do you place limit order by the rules or you wait fro some confirmation before entry ??
Thx
Best Regards Fxniko
I am still reading this thread. I have a question about entry, do you place limit order by the rules or you wait fro some confirmation before entry ??
Thx
Best Regards Fxniko
- #14,378
- Sep 22, 2015 1:30am Sep 22, 2015 1:30am
- Joined Aug 2011 | Status: Trader | 4,956 Posts
Yes it was crab. Thx for reply !!! I am still reading this thread. I have a question about entry, do you place limit order by the rules or you wait fro some confirmation before entry ?? Thx Best Regards Fxniko
I will try an answer for you. For the entry, a limit can be placed if you're not at the computer but it is always preferable if you can see the trade. For example: Entries are based on PA at the time. If you are watching and say there is an acceleration of PA toward the PRZ then this maybe an entry that is better left alone as the trend has a decent chance of continuation. At the same time if PA doesn't quite reach your PRZ (happens to me a lot) and you spot a reversal in the candles/PA, you may enter a little earlier than your PRZ that may not have otherwise reached your limit order.
Hope this helps,
Matt.
As the lights go by so too do the shadows move
{quote} Hi fxnikolaev, I will try an answer for you. For the entry, a limit can be placed if you're not at the computer but it is always preferable if you can see the trade. For example: Entries are based on PA at the time. If you are watching and say there is an acceleration of PA toward the PRZ then this maybe an entry that is better left alone as the trend has a decent chance of continuation. At the same time if PA doesn't quite reach your PRZ (happens to me a lot) and you spot a reversal in the candles/PA, you may enter a little earlier than...
