Attachments: Ratios & Harmonics: a Different Way to Trade

Ratios & Harmonics: a Different Way to Trade

#15,141
Jan 13, 2016 10:03am Jan 13, 2016 10:03am

Aj1
| Joined Mar 2011 | Status: Trader | 384 Posts

cable 5 min

My feeling is that the orderflow is still to the downside.
But with structure broken, my expectation is for price to push north into the grey zone, where the magen
ta and aqua lines terminate.
I will be looking at how price gets there, and assess any trading opportunities.

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#15,142
Jan 13, 2016 10:18am Jan 13, 2016 10:18am

Mr. Pip
| Membership Revoked | Joined Jul 2010 | 9,273 Posts

Quoting Aj1

Disliked

cable 5 min My feeling is that the orderflow is still to the downside. But with structure broken, my expectation is for price to push north into the grey zone, where the magen ta and aqua lines terminate. I will be looking at how price gets there, and assess any trading opportunities. {image}

Ignored

What's up Aj? Be a part of the long. If your expectation is for price to get up there and the market is showing you strength and find a trade into that area. Be efficient.

If you fail to plan, you plan to fail.

#15,143
Jan 13, 2016 11:06am Jan 13, 2016 11:06am

Aj1
| Joined Mar 2011 | Status: Trader | 384 Posts

Quoting Mr. Pip

Disliked

{quote} What's up Aj? Be a part of the long. If your expectation is for price to get up there and the market is showing you strength and find a trade into that area. Be efficient.

Ignored

Damian I couldn't help but look at the deep sell off to the left, to me the orderflow was for shorts.

I did not contemplate looking for anything other that shorts. Even with weak pull - back at structure, then break of structure, my mind was made up SHORTS ONLY.

Regards
Aj1

#15,144
Jan 13, 2016 11:16am Jan 13, 2016 11:16am

Aj1
| Joined Mar 2011 | Status: Trader | 384 Posts

looking back I can see what your saying, it was a novice mistake, not trading what I was seeing, I must eradicate these from my trading.

This is probably why I am just a breakeven trader.

I am improving, but a long way to go it seems.

Thanks for your continued support I do appreciate it.

I hope you will be here to see me turn the corner.

Regards
Aj1

#15,145
Jan 13, 2016 2:09pm Jan 13, 2016 2:09pm

Mr. Pip
| Membership Revoked | Joined Jul 2010 | 9,273 Posts

Quoting Aj1

Disliked

looking back I can see what your saying, it was a novice mistake, not trading what I was seeing, I must eradicate these from my trading. This is probably why I am just a breakeven trader. I am improving, but a long way to go it seems. Thanks for your continued support I do appreciate it. I hope you will be here to see me turn the corner. Regards Aj1

Ignored

Not a novice thing at all. We just need to be efficient. If your expectations were for price to reach those levels and the price action is supportive then it's ok to look for the long.

If you fail to plan, you plan to fail.