Ratios & Harmonics: a Different Way to Trade

oops. feel so bad about it and actually responsible.

just wait a bit more and see if we can make that money again.

Ok, price broke from the zone. I took a trade when the "flag pattern" broke to the upside. At the close of the candle with the Green arrow above it. My stop loss was below the zone with a few points for spread added. Take profit was a 1:1 to the last NSH, since this was a 100% correction to that last point, I didn't want to risk anything. Price went a little past and immediately hit rejection, you can see it on the tails at the top. I took profit with a 2:1 on risk:reward and I'm at my profit target for the day.

very much.

Awesome Tim

now it's time guys to look for short. remember SL is above X (LH)

Be careful with trades oil inventories will bring volatility in at 10:30

I mentioned that I took the flag pattern. I want to clarify as to WHY I took this because there were 2 flag patterns back to back! I saw that the slightly longer term was a NSH. If you break that down (which I had originally done to get more precise in entries) into 2 separate swings, the "zone" in blue was a 100% correction of the latest NSH. However, if you put the two together and draw those last 2 NSH's as a single unit, it's the 50% retracement of it, and it's in that zone area. The first smaller swing up also had very very little depth, and projection was huge. So, my expectation, even though we hit a 100% correction of the smaller NSH, was still a NSH. So, when I saw the first flag pattern go DOWN, I didn't bite on it, because I was reluctant to go against my EXPECTATION of NSH. Had price continued on down, I would have waited until a correction of price to get into that NSL... Does that make sense to everyone? So, I waited, and when the 2nd flag pattern formed and broke to the upside, I was more confident to take that, because it was following my expectation of a NSH.

It's no problem, trades don't work out 100% of the time. So far I'm still trading with 50-50, but win lose ratio is above 1.5.

Maybe need better trade management to increase the win rate.

let's take a break until that news has passed

Good nite traders, it's bed time for me :-)

night buddy. when u wake up, EU has made a NSH

Market has slowed down a bit. Let's see what the fundamental do to it. Expectations arr for price to continue down. But I'm starting to see some breakdown on the Bears.

What I'm seeing.

Zones today are behaving well.

Waiting on a correction on the bears to position for a long.

is this correct?

Long the market

good one. i didn't enter. missed this. hoping for a bit deeper pb.

Bulls are fighting lets keep it going

Reducing some risk don't like what I see