Added the horizontal blue rectangles which to me are important support/resistance or supply/demand areas. For me I look for trades at these areas on retracements in direction of order flow.
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"Ratios & Harmonics: a Different Way to Trade." Summary 37 replies
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DislikedHi guys I started reading from page 785 and all watched the videos as well tried to understand what MR. PIP taught here. so posting my first chart for learning purposes. market is in bull trend in longer term. can we trade counter trend as well or not or just what the general trend is. cos there are some points where we can trade the counter trend as well. please correct me if i am wrong. our expectation from a HL is NSL and LH is NSH. our stop is above from LH for shorts and vice vers for long. And need to look the price momentum, depth and projections...Ignored
Disliked{quote} As we can see, expectations play out 70% of the time. So why not continue to trade with that big advantage on your side. Learn the language of the market And keep listening to what she is saying Why swim against the tide. Keep it simple Good Trading to you Aj1Ignored
DislikedHi all, in annex is a setup that seems to me in line with the learned material. On E/U (15min) we are in downtrend. The correction is so far 50%. I would try to enter this trade either by placing a Sell on point "A" or to get a better entry in area "B". TP should be 1.11045 but I would go for a safer target (since the previous corrective move is between 50-61%; so less expectation) around 1.12150 (test of previous low). What do you think? {image}Ignored
Dislikedhi guys sorry not been around for a while,,,,urgent family matters to take care of feeling im slipping behind and losing touch but and fighting back will spend sunday studying as much as i can ive managed to watch videos and put this together on YM 233 tick oh i hope its right what you think MR P? p,s mistake at the top,,not LL its NSL {image}Ignored
Disliked{quote} i see now, its a big correction... i mean when the price come down in a minor move, sometimes it just a little correction that mean nothing for the big one. But, it's a big risk and reward alsoIgnored
DislikedGood morning ! I have a general question . When we open a chart to start making our analysis (lets say we are intraday traders,and we focus on EUR,USD) we go a little back and looking for the highs and lows and structure levels ,,and all these stuff we have discussed.. As we have seen the market moves more during London or/and New York session.Before the open and after the close market is more ''quiet''. My question is : things that we may identify (NSHs ,Support levels, momentum measurements ...) during the ''quiet'' hours are less important that...Ignored
Disliked{quote} You are not slipping behind a couple of miss labels but not a real problem. Keep at it. The good thing is the the information is here and will be here for you to come when needed. Family always come first. Keep doing the best you can.Ignored
Disliked@buzznack: sorry, I am not sure if a understand your sentence right " My expectation is that price will fall but as i show a much lower NSL i think that price will not make a new NSL". If i get it right, you expect a new NSL even eventually a much lower than the previous projection, but not a closed candle there (only the wick comes that much down).Ignored
DislikedHi Fellow traders and Mr Pip First of all a big thank you to Mr Pip for opening our eyes to naked charts and reading price action. I have just caught up on the thread and have watched all these amazing videos, hats off to you Mr pip for your excellent teaching skills. This is my first post here and i hopefully have attached my take on EUR/USD M15 slightly different to others as i have counted more peaks. My expectation is that price will fall but as i show a much lower NSL i think that price will not make a new NSL. I have marked two TP levels where...Ignored
Disliked{quote} I think you got it mixed up correct me if I'm wrong after every nsh there s supposed to be hl because it s higher than the previous low and same thing for every nsl.Ignored
Disliked{quote} Yeh I did not word that very well did i. Let me try again, my last marked NSL was only slightly lower than the previous one so my belief is that price is weakening. It has now made a deep retracement over 61% off the previous move. Now the expectation is still for the price to make a new NSL but me thinking out aloud here i am also preparing for it not to make a new NSL because of the weakness being shown in the price. I may be completely wrong tomorrow will reveal all. Dont get me wrong i will still place a demo short as the expectation...Ignored
Disliked{quote} @buzznack: Thx for your explanation. I personally think that we cannot expect (at least yet) such a wide TP3. I understand that you are going react according to how the chart behaves. It is also a possibility, but I do not have the time to stick on the chart and to watch all moves. Moreover, I personally made bad experiences with that approach, because the risk is that actions are then triggered by emotions (if price for example falls first and then comes back to your entry or even higher and would then possibly lead to exit the trade although...Ignored