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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

  • #15,301
  • Jan 19, 2016 7:20pm Jan 19, 2016 7:20pm
Quoting danielwang
Just shared a done deal last night for a 47 pips. Shorted NZDUSD 1H chart after completion of ABCD, TP at 61.8%, Powerful harmonics. {image}
Nice work!
If you fail to plan, you plan to fail.
  • #15,302
  • Jan 20, 2016 5:04am Jan 20, 2016 5:04am
Morning Traders

Cable 5 min

Took this aggressive short, on failure to make NSH, after a strong impulse move.
I will be managing this aggressively too.
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  • #15,303
  • Jan 20, 2016 5:11am Jan 20, 2016 5:11am
Stop adjusted to 5
  • #15,304
  • Jan 20, 2016 5:21am Jan 20, 2016 5:21am
Target hit
Attached Image (click to enlarge)
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  • #15,305
  • Jan 20, 2016 5:36am Jan 20, 2016 5:36am
Quoting Aj1
Morning Traders Cable 5 min Took this aggressive short, on failure to make NSH, after a strong impulse move. I will be managing this aggressively too. {image}
Good job. Weekly view
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Empower Your Mind
  • #15,306
  • Jan 20, 2016 5:37am Jan 20, 2016 5:37am
i thought this trade will take couple days, but was really surprised in the morning, when my target was hit.
Down trend, abcd competition with confluence. +320 pips
Attached Image (click to enlarge)
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  • #15,307
  • Jan 20, 2016 5:42am Jan 20, 2016 5:42am
Quoting nbaker
It's a small Cypher that failed to complete. In any case, my question is when you have that kind of situation where the downtrend really began during the up candle, do you draw XA from the top of the first candle, or the top of the second candle? {image}
Go in to lower time frame and look for swing formations
  • #15,308
  • Jan 20, 2016 6:23am Jan 20, 2016 6:23am
Quoting Aj1
Morning Traders Cable 5 min Took this aggressive short, on failure to make NSH, after a strong impulse move. I will be managing this aggressively too. {image}
Very nice! Excellent example of trading order flow. You read the expectation failure and capitalized on the opportunity.
If you fail to plan, you plan to fail.
  • #15,309
  • Jan 20, 2016 6:28am Jan 20, 2016 6:28am
Quoting Aj1
Morning Traders Cable 5 min Took this aggressive short, on failure to make NSH, after a strong impulse move. I will be managing this aggressively too. {image}
nice trade keep it up
  • #15,310
  • Jan 20, 2016 6:34am Jan 20, 2016 6:34am
Interesting pattern forming in USDCHF, 4H chart.

Are these triple ABC? haha. trying aggressive C buy now, enter a bit late already though....
Attached Image (click to enlarge)
Click to Enlarge Name: USDCHFH4, triple ABC, 20 Jan 2016.png Size: 38 KB
  • #15,311
  • Jan 20, 2016 6:46am Jan 20, 2016 6:46am
Dowjones completed ABCD.

Looks like a good BUY at spot now. TP1, 15897.
Attached Image (click to enlarge)
Click to Enlarge Name: US30USDH1, ABCD completion, 20 Jan 2016.png Size: 29 KB
  • #15,312
  • Jan 20, 2016 6:56am Jan 20, 2016 6:56am
Quoting danielwang
Dowjones completed ABCD. Looks like a good BUY at spot now. TP1, 15897. {image}
Plz compare your ABCD, with this chart. My sell was in green box. There was confluence, and as result +220 pips
On your chart, I am sorry, my be it is gonna be rude, but it is on the middle of no where
Attached Image (click to enlarge)
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  • #15,313
  • Jan 20, 2016 6:59am Jan 20, 2016 6:59am
Quoting fxnikolaev
{quote} Plz compare your ABCD, with this chart. My sell was in green box. There was confluence. On your chart, I am sorry, my be it is gonna be rude, but it is on the middle of no where {image}
thanks for pointing out, but isnt it a completion of big ABCD?

of course, not much confluence at the moment though...there seem to be some previous structure long long ago
  • #15,314
  • Jan 20, 2016 7:01am Jan 20, 2016 7:01am
Quoting danielwang
{quote} thanks for pointing out, but isnt it a completion of big ABCD? of course, not much confluence at the moment though...there seem to be some previous structure long long ago
I wouldn't trade completion of bigger ABCD, bcz I don't have confluence, there is no structure, no Ratio, there is nothing on left
  • #15,315
  • Jan 20, 2016 7:14am Jan 20, 2016 7:14am
Quoting fxnikolaev
{quote} I wouldn't trade completion of bigger ABCD, bcz I don't have confluence, there is no structure, no Ratio, there is nothing on left
true. a bit worried now.

If it is PRZ, it should rebound quite quickly. However, now the price has been stagnant there for a while...the bear resting to get further south?

sentiment wise, Asian market all down. US market might follow... I will monitor for a more while then decide whether to close or not.
  • #15,316
  • Jan 20, 2016 7:16am Jan 20, 2016 7:16am
If you are watching Dow, follow Microsoft stock, It is leading stock to Dow
  • #15,317
  • Jan 20, 2016 7:41am Jan 20, 2016 7:41am
Quoting vqtrader
{quote} Good job. Weekly view {image}
Scary, but true.

Looks like my holidays are going to be expensive. My pounds are getting weaker.

Aj1
  • #15,318
  • Jan 20, 2016 7:44am Jan 20, 2016 7:44am
Quoting Mr. Pip
{quote} Very nice! Excellent example of trading order flow. You read the expectation failure and capitalized on the opportunity.
Thank you D

I have to say I was a bit apprehensive but it did workout.

Regards
Aj1
  • #15,319
  • Jan 20, 2016 7:46am Jan 20, 2016 7:46am
Quoting fxnikolaev
{quote} nice trade keep it up
  • #15,320
  • Jan 20, 2016 7:49am Jan 20, 2016 7:49am
Quoting fxnikolaev
If you are watching Dow, follow Microsoft stock, It is leading stock to Dow
haha. the Buy Dow Jones turned out to be a good deal, but deal to the risk, i TP earlier with 46 pips
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