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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

  • #16,961
  • Feb 22, 2016 5:38pm Feb 22, 2016 5:38pm
Quoting evocpr19
{quote} less momentum; small projection => deeper correction Edit: I should have drawn a separate last swing. into the zone: the momentum is sharp, projection is increasing => less correction
Here is a possibility pretty much same as yours.
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If you fail to plan, you plan to fail.
  • #16,962
  • Feb 22, 2016 7:19pm Feb 22, 2016 7:19pm
Quoting Mr. Pip
{quote} Thank you Jason that was nice of you.
  • #16,963
  • Edited 8:15pm Feb 22, 2016 7:24pm | Edited 8:15pm
Here was an "easy" trade that I just got in using everything I've learned so far... tp hit fairly quickly!

Expectation played out perfect. Ignore the improper placed extension, it must have movedq to the left when I was trying to move the harmonic projection line.


Please excuse the crappy image, I'm trading from my ipad while at a conference in Orlando.

Also, great job on the S/R video... Although I'm very familiar with finding S/R Zones, Hearing you verbalize the expectation with structure helped make it all click with your methodology.

Thanks for al that you do, it is meaningful and it helps!!!
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  • #16,964
  • Feb 22, 2016 7:50pm Feb 22, 2016 7:50pm
For those who trade the Asian Session USDJPY Strong structure low break, strong projection, looking for a retracement to short. Exectation is a weak pullback and then a NSL.
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  • #16,965
  • Feb 22, 2016 9:00pm Feb 22, 2016 9:00pm
What are the advantages of ninja trader?
  • #16,966
  • Feb 23, 2016 3:12am Feb 23, 2016 3:12am
Mr. Pips, I know you guys started since January, I hope my inputs doesn't feel like i'm taking you back. Watched the second video, and this is what I could say about this Chart, any other inputs will be well appreciated, thanks.
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  • #16,967
  • Feb 23, 2016 3:35am Feb 23, 2016 3:35am
An Aggressive C sell in EURAUD 5min, target 1.61 Fib (1:3.5 RR), for 83 pips can it really be this easy?
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  • #16,968
  • Feb 23, 2016 3:41am Feb 23, 2016 3:41am
Quoting Ren1058
An Aggressive C sell in EURAUD 5min, target 1.61 Fib (1:3.5 RR), for 83 pips can it really be this easy? {image}


Very nice winner! Just a quick question, do you move your stops and manage your trade, or do you simply have a set TP?
  • #16,969
  • Feb 23, 2016 3:48am Feb 23, 2016 3:48am
Quoting Ren1058
An Aggressive C sell in EURAUD 5min, target 1.61 Fib (1:3.5 RR), for 83 pips can it really be this easy? {image}
Good one.

For now i'm just watching.... dont like to trade during "red" news.

Asmodai
  • #16,970
  • Feb 23, 2016 3:56am Feb 23, 2016 3:56am
And another: EURJPY 5min for 47 pips was expecting a shallow correction and 'expectation held' I'm converted, love it
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  • #16,971
  • Edited 4:30am Feb 23, 2016 4:00am | Edited 4:30am
Quoting rolandW
{quote} Very nice winner! Just a quick question, do you move your stops and manage your trade, or do you simply have a set TP?

set tp and walk away check every 5 mins, when Im 20 pips up stop to entry then check every 10 mins don't pip watch. EURUSD....come to Daddy
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  • #16,972
  • Feb 23, 2016 5:33am Feb 23, 2016 5:33am
Hello everyone. Let me give you a chance for a good free trade today. I'm not sure if the market will make it that far as to test 1.1040 area in my chart (or 1.103 Spot forex chart) but if it does, then we have a bearish bat in a strong bearish market (long term order flow). So the chances that it will succeed are high. Plus the risk is low. My only concern is that price wont make it that far. So, I might enter a bit before completion if I see proper PA.

That's all for today I'm afraid. I hope you are all enjoying trading as much as I am.

green pips to all
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  • #16,973
  • Feb 23, 2016 6:04am Feb 23, 2016 6:04am
So peaceful out here today..... Here's the one I took.
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  • #16,974
  • Feb 23, 2016 6:16am Feb 23, 2016 6:16am
Quoting ujku80
Hello everyone. Let me give you a chance for a good free trade today. I'm not sure if the market will make it that far as to test 1.1040 area in my chart (or 1.103 Spot forex chart) but if it does, then we have a bearish bat in a strong bearish market (long term order flow). So the chances that it will succeed are high. Plus the risk is low. My only concern is that price wont make it that far. So, I might enter a bit before completion if I see proper PA. That's all for today I'm afraid. I hope you are all enjoying trading as much as I am. green...
I think your point X has to be the swing next to it as there shouldn't be any clear high or low in between the legs. I can be wrong though.
  • #16,975
  • Feb 23, 2016 7:01am Feb 23, 2016 7:01am
Quoting Mr. Pip
{quote} My apologies, sometimes there are so many post that I can over look one or two. Yes it is not wrong. A lot of traders keep asking me if it is wrong the way they label it. The answer is no there is a very small possibility of making a mistake what you need to ask yourself is how busy do you want to be. I choose to work off of clear swing highs and lows to have better expectations for price to follow. You did well keep practicing.
Thanks for that, its much appreciated! Totally understandable that it must be such a task to keep up to date with a thread of this size.....my hat goes off to you!

Ive watched the order flow video and made my analysis if you wouldnt mind glancing it over.

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I believe that a good position to sell would be when this current correction is completed due the following reasons, Due to the strong bearish momentum on the first 3 swings, then the complex correction and weak momentum to the NSH, then the following NSH had very little projection this shows weak bullish activity. Now we have this strong momentum downswing, i think it will retrace to maybe the 50% fibonacci point and then continue down, so at that point i will wait for the write bearish bar then take a trade.

Harry
  • #16,976
  • Feb 23, 2016 7:29am Feb 23, 2016 7:29am
Been following the EURUSD pair on an M1 chart for the last few hours.

Decided to enter a short a few minutes after NY Open.

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You can see on the chart where my SL and TP are placed but I'm ok with closing it out early even though I still expect price to run most of the way down.

Closed it out for about +10 pips due to the bears losing momentum to the downside and hesitation at the 1.1000 price level.

NB. Price would need to overcome a support level a little further down shown by the white ellipses!

Masterrmind..........
Master your Mind then Master your Trades
  • #16,977
  • Feb 23, 2016 7:51am Feb 23, 2016 7:51am
Quoting Masterrmind
Been following the EURUSD pair on an M1 chart for the last few hours. Decided to enter a short a few minutes after NY Open. {image} You can see on the chart where my SL and TP are placed but I'm ok with closing it out early even though I still expect price to run most of the way down. Closed it out for about +10 pips due to the bears losing momentum to the downside and hesitation at the 1.1000 price level. NB. Price would need to overcome a support level a little further down shown by the white ellipses! Masterrmind..........
I think I took the identical trade, and got out right there with you. :-) Got a nice 2:1 risk reward out of it.
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Markets can remain irrational longer than you can remain solvent - JMK
  • #16,978
  • Feb 23, 2016 8:02am Feb 23, 2016 8:02am
Had the same trade as well, but only got BE as i did not take the profits, and thought i would only take my risk away... Not that i am unhappy at that decision, that is following my trading plan...

However, it has been a funny old day - as in trying to break every single trading rule there is, because you know.... I am an idiot!

-40 pips or so today, when it should be BE or -10.... so flipping annoyed at myself! lol!

tomorrow is another trading day, and need to put some post its up next to my computer to say 'stick to the rules'...
  • #16,979
  • Feb 23, 2016 8:04am Feb 23, 2016 8:04am
Quoting Timwelch
{quote} I think I took the identical trade, and got out right there with you. :-) Got a nice 2:1 risk reward out of it. {image}
Turned out to be a reasonable zone to exit the trade however from a technical point of view we both should probably still be in the trade!

Support held again and now price has turned just shy of the 786 Fib of that recent led down.

I plan to follow the order flow of the Euro and if conditions are right I'll enter again.

Masterrmind...........
Master your Mind then Master your Trades
  • #16,980
  • Feb 23, 2016 8:05am Feb 23, 2016 8:05am
Hello Mr Pip ,hello everyone!!
I saw a couple of times your last video and it was great!
The problem is that when i am watching you doing your analysis there is no problem....but when comes the time to do it myself..... .you know what i mean..
So i was wondering if you could verbalize something like a ''practical strategy'' to help us draw our support/resistant boxes more efficiently.Because i end up with the hole chart covered with boxes.
One thing that i am sure ,you have also covered it in a previous reply,is that the levels that the price touched and bounced vigorously must be included in the box for sure..

I know that maybe there is not a straight answer in this question,and maybe the answer is :experience and practice, but at least i want to be sure that i am not missing something until now..
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