at 14:30 my time we will see market move in one direction or another, as big traders come from lunch (u know, fat cats). For the moment, EU seems to be heading north. but i don't go long just yet.
Ratios & Harmonics: a Different Way to Trade
- #14,843
- Nov 26, 2015 6:27am Nov 26, 2015 6:27am
- | Joined Dec 2014 | Status: Trader | 1,008 Posts
{quote} usa session opens up and the american fat cats come to the table
yeah, but this time there's a wolf waiting for them hehe (ujku means wolf btw).see what i found lost somewhere within 50 ticks
- #14,844
- Nov 26, 2015 7:08am Nov 26, 2015 7:08am
- Joined Aug 2011 | Status: Trader | 4,956 Posts
As the lights go by so too do the shadows move
- #14,845
- Nov 26, 2015 7:11am Nov 26, 2015 7:11am
- Joined Aug 2011 | Status: Trader | 4,956 Posts
As the lights go by so too do the shadows move
- #14,846
- Nov 26, 2015 7:13am Nov 26, 2015 7:13am
- | Joined Dec 2014 | Status: Trader | 1,008 Posts
{quote} I only visit here occasionally as I don't have much time atm due to family matters. The best idea is to look at Mr Pip's video's as he explains it much better than I could. Read the thread and then just practice. It's not something that is learnt over night but with practicing the drawing of patterns you will start to see what works and what doesn't. Unfortunately there aren't any short cuts but this thread if studied is a good place to start. GL, Matt.
exactly! can't agree more with this. good luck to u too.
- #14,854
- Edited 1:47am Nov 27, 2015 1:26am | Edited 1:47am
- | Joined Dec 2014 | Status: Trader | 1,008 Posts
food for thoughts: 
when you notice how price behaves than you really understands that nothing is random and that indicators are the greatest fallacy invented in this world.
A swing consists of 5 bars where the middle one is the highest of them (its wig is higher than those of two bars from the left and two bars from right for a swing high), and for a swing low, we have 5 bars where the middle one goes lower than those two in the left andtwo in right. As simple as that.
Now note in the figure above how price breaks those swings and why some of them bear great importance. Because they fall in the structure (which btw exists because banks and other big players have orders left there, buy and sell.)
After you make this analysis, where you prepare your battlefield, then calculate harmonics and ratios. Price is momentarily going up, but for how long? Answer: harmonics (AB=CD, or ABCD). Are harmonics completed in an important level (see my red lines in the chart)? Yes - ok, then u have a good probability trade. Get ready for that. No - then you might need to wait a bit more and let price show you the way.
If you are in for a trade, start to assess the swing properties: momentum, projection, and depth. Don't look at bars just yet. When price is in the zone, then start looking at the bars. that's the final thing.
when you notice how price behaves than you really understands that nothing is random and that indicators are the greatest fallacy invented in this world.
A swing consists of 5 bars where the middle one is the highest of them (its wig is higher than those of two bars from the left and two bars from right for a swing high), and for a swing low, we have 5 bars where the middle one goes lower than those two in the left andtwo in right. As simple as that.
Now note in the figure above how price breaks those swings and why some of them bear great importance. Because they fall in the structure (which btw exists because banks and other big players have orders left there, buy and sell.)
After you make this analysis, where you prepare your battlefield, then calculate harmonics and ratios. Price is momentarily going up, but for how long? Answer: harmonics (AB=CD, or ABCD). Are harmonics completed in an important level (see my red lines in the chart)? Yes - ok, then u have a good probability trade. Get ready for that. No - then you might need to wait a bit more and let price show you the way.
If you are in for a trade, start to assess the swing properties: momentum, projection, and depth. Don't look at bars just yet. When price is in the zone, then start looking at the bars. that's the final thing.
- #14,855
- Nov 27, 2015 1:56am Nov 27, 2015 1:56am
- | Joined Dec 2014 | Status: Trader | 1,008 Posts
the thinking continues: 
sorry for my english, as i notice several grammar errors in the comments in the charts. when i type fast my norwegian english takes over.
sorry for my english, as i notice several grammar errors in the comments in the charts. when i type fast my norwegian english takes over.
- #14,856
- Nov 27, 2015 2:07am Nov 27, 2015 2:07am
- | Joined Dec 2014 | Status: Trader | 1,008 Posts
update AUDUSD: 
do you know why i project another PRZ? (Hint: look at momentum of the price in the actual PRZ.)
do you know why i project another PRZ? (Hint: look at momentum of the price in the actual PRZ.)
- #14,857
- Nov 27, 2015 2:19am Nov 27, 2015 2:19am
- | Joined Dec 2014 | Status: Trader | 1,008 Posts
EU update: 
- #14,858
- Nov 27, 2015 2:52am Nov 27, 2015 2:52am
- | Joined Dec 2014 | Status: Trader | 1,008 Posts
update:
i might be wrong. remember that we are still in a strong down trend. By if everybody wants to sell then who wants to buy? BANKS! that why price goes up and down until they are the only left survivors. you got to be smarter than them.
i might be wrong. remember that we are still in a strong down trend. By if everybody wants to sell then who wants to buy? BANKS! that why price goes up and down until they are the only left survivors. you got to be smarter than them.