Ratios & Harmonics: a Different Way to Trade | Page 856 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

"Ratios & Harmonics: a Different Way to Trade." Summary 37 replies

Learning to trade with harmonics 11 replies

Time for Change - Pivots & Harmonics to freedom 67 replies

180 reasons to trade Harmonics and Patterns 13 replies

Group Trading based on Elliott wave and Harmonics 0 replies

Attachments: Ratios & Harmonics: a Different Way to Trade
Exit Attachments

Ratios & Harmonics: a Different Way to Trade

  • #17,101
  • Feb 24, 2016 3:57am Feb 24, 2016 3:57am
Quoting ujku80
E/U analysis at this moment. Be my guest {image}
Im also looking at EU.... waiting for it to retrace back to your highlighted support/resistence zone before considering a short trade.

Asmodai
  • #17,102
  • Feb 24, 2016 4:03am Feb 24, 2016 4:03am
Quoting rolandW
Just taken a buy on the USDJPY, Price seems to be having a tough time pushing down, and it is in my expectation zone. Also, confluence with the support area and the 61.8 retracement... Price has completed a 1:1 on the short term order flow, although the much longer order flow is heading down, mid term is heading up. If it breaks out of this small range (low volume at the moment) it could take off quite quickly hopefully. {image}
i'll take that trade too, in a while. I have opposite direction as I have JPY/USD (Japanese futures)
Attached Image (click to enlarge)
Click to Enlarge Name: 6J 06-16 (5 Min) 24_02_2016.jpg Size: 91 KB
  • #17,103
  • Feb 24, 2016 4:05am Feb 24, 2016 4:05am
Quoting Asmodai
{quote} Im also looking at EU.... waiting for it to retrace back to your highlighted support/resistence zone before considering a short trade. Asmodai
that's good. i'm waiting for that to retrace and enter...
  • #17,104
  • Feb 24, 2016 4:13am Feb 24, 2016 4:13am
Quoting ujku80
{quote} i'll take that trade too, in a while. I have opposite direction as I have JPY/USD (Japanese futures) {image}
oh no. I'm avoiding this. Now I realize it is against long term order flow. price is accelerating into PRZ...
  • #17,105
  • Feb 24, 2016 4:24am Feb 24, 2016 4:24am
Quoting ujku80
{quote} oh no. I'm avoiding this. Now I realize it is against long term order flow. price is accelerating into PRZ...
Not hopeful for the trade, but the bears keep getting knocked back every time... not sure they have the strength to carry on the move... painful to watch at the moment! The bulls just need to grow a bigger pair of balls at the moment!
  • #17,106
  • Feb 24, 2016 4:46am Feb 24, 2016 4:46am
Quoting rolandW
{quote} Not hopeful for the trade, but the bears keep getting knocked back every time... not sure they have the strength to carry on the move... painful to watch at the moment! The bulls just need to grow a bigger pair of balls at the moment!
the zone where price is right now is important. It's a "decision taking" zone. I would expect it to hold but you should be reasonable with your expectation, and consider that we are in a downtrend, so, adjust TP accordingly. f.ex. at 61.8% of this down-move. just my thoughts here. OK?
  • #17,107
  • Feb 24, 2016 4:48am Feb 24, 2016 4:48am
Quoting rolandW
{quote} Not hopeful for the trade, but the bears keep getting knocked back every time... not sure they have the strength to carry on the move... painful to watch at the moment! The bulls just need to grow a bigger pair of balls at the moment!
Taken out eventually, but the momentum is next to nothing.

Looking back, I dont mind that i took the trade, as there was really good support that the bears could not break thorugh, and i thought that price would rise and retest the previous s/r...

Oh well, onto the next one!
  • #17,108
  • Feb 24, 2016 4:52am Feb 24, 2016 4:52am
EU just doent want to move ..... still waiting.
  • #17,109
  • Feb 24, 2016 4:57am Feb 24, 2016 4:57am
Quoting rolandW
{quote} Taken out eventually, but the momentum is next to nothing. Looking back, I dont mind that i took the trade, as there was really good support that the bears could not break thorugh, and i thought that price would rise and retest the previous s/r... Oh well, onto the next one!
sorry for that. price can still jump up but, it's not advisable to go against long term order flow. Use short term order flow to confirm long term and then enter in that direction. So, if you see price going up in a down trend, wait for the up move to be exhausted and then go short. I made these mistakes of going against long term order flow all the time and that's why i'm taking hits, you know.
  • #17,110
  • Feb 24, 2016 4:58am Feb 24, 2016 4:58am
Quoting Asmodai
EU just doent want to move ..... still waiting.
i think volatility will increase at 1pm and especially at 2.30 pm my time (ECT).
  • #17,111
  • Feb 24, 2016 5:07am Feb 24, 2016 5:07am
in the meantime YM is making NSL and I don't get an entry...well...i'm going to play playstation. kill some time there.
  • #17,112
  • Feb 24, 2016 5:07am Feb 24, 2016 5:07am
Quoting ujku80
{quote} sorry for that. price can still jump up but, it's not advisable to go against long term order flow. Use short term order flow to confirm long term and then enter in that direction. So, if you see price going up in a down trend, wait for the up move to be exhausted and then go short. I made these mistakes of going against long term order flow all the time and that's why i'm taking hits, you know.
You are spot on, but it was not so much the long term order flow, it was both the long and the short term...!

I was looking at the mid term order flow, so all indicators were point at a probable move down, but due to the mid term, thats why i had the expectation of a retest of the Lower high - it also seems like the bulls are coming back into play.. just my stop was aggresive, when if it had been conservative, the trade might have played out! Everything is clear in hindsight though!
  • #17,113
  • Feb 24, 2016 5:09am Feb 24, 2016 5:09am
Quoting ujku80
{quote} i think volatility will increase at 1pm and especially at 2.30 pm my time (ECT).
Yea, i also think that, too bad i cant trade at that time, have to go to work in about one hour.
  • #17,114
  • Feb 24, 2016 5:09am Feb 24, 2016 5:09am
Quoting ujku80
{quote} sorry for that. price can still jump up but, it's not advisable to go against long term order flow. Use short term order flow to confirm long term and then enter in that direction. So, if you see price going up in a down trend, wait for the up move to be exhausted and then go short. I made these mistakes of going against long term order flow all the time and that's why i'm taking hits, you know.
another way to look at this is to estimate to where price could retrace to, and then enter short.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 63 KB
  • #17,115
  • Feb 24, 2016 5:20am Feb 24, 2016 5:20am
Quoting rolandW
{quote} You are spot on, but it was not so much the long term order flow, it was both the long and the short term...! I was looking at the mid term order flow, so all indicators were point at a probable move down, but due to the mid term, thats why i had the expectation of a retest of the Lower high - it also seems like the bulls are coming back into play.. just my stop was aggresive, when if it had been conservative, the trade might have played out! Everything is clear in hindsight though!
I hope by saying indicators you are referring to momentum, projection, depth, PA, harmonics, and ratios. But let's not use the word indicators here as new traders may get confused and lef's call them "parameters" or "factors" of the swings. Ok? Parameters i like best. Lets agree on that
  • #17,116
  • Feb 24, 2016 6:01am Feb 24, 2016 6:01am
Missed the EU move, price was stalling alot and didnt retrace back to where i expected, so i never got in.
  • #17,117
  • Feb 24, 2016 6:42am Feb 24, 2016 6:42am
Quoting Asmodai
Missed the EU move, price was stalling alot and didnt retrace back to where i expected, so i never got in.
I am already in .... 6E
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 75 KB
  • #17,118
  • Feb 24, 2016 6:49am Feb 24, 2016 6:49am
Sorry for a boring longer term H4 chart.

Expectation is a NSL.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 29 KB
  • #17,119
  • Feb 24, 2016 6:57am Feb 24, 2016 6:57am
Quoting lithium1
Sorry for a boring longer term H4 chart. Expectation is a NSL. {image}
Would be careful selling into this, the NSL on your chart is more a retest of an earlier NSL looking at the longer term order flow, so it has really strong support at that level (especially looking at the retest to the right of it.

Shorter term order flow is looking at a NSH, and if the NSL was REALLY a NSL, we can expect a deep correction, so my expectation would be a deep retrace, certainly back to the highest zone you have drawn. I am guessing that around that zone is the 78% - especially looking where the turning points are, it is the middle of that zone. The last HL looks more like it is going into a pull back to the zone below it ready for a move higher as part of the bigger move.
  • #17,120
  • Feb 24, 2016 7:07am Feb 24, 2016 7:07am
Quoting rolandW
{quote} Would be careful selling into this, the NSL on your chart is more a retest of an earlier NSL looking at the longer term order flow, so it has really strong support at that level (especially looking at the retest to the right of it. Shorter term order flow is looking at a NSH, and if the NSL was REALLY a NSL, we can expect a deep correction, so my expectation would be a deep retrace, certainly back to the highest zone you have drawn. I am guessing that around that zone is the 78% - especially looking where the turning points are, it is the...
Thanks Roland for the feedback.

Shorter term, Dow have just made a NSL as well. And order flow looks very strong, at the moment I will look at short only until a NSH surface. Because longer and short term also short biase.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 26 KB
6 traders viewing now