Ratios & Harmonics: a Different Way to Trade

Quoting Timwelch

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Here's an entry today on the EURUSD 166Tick thanks to Bar-by-Bar analysis. Price had made some NSL with good momentum, good projection and shallow depth. I was looking to Enter a SELL on the 38% fib retracement, but did not get a confirmation candle in my bar-by-bar analysis. Price kept cilmbing to form a deep correction within the 61.8-78.6% fib zone (marked in the blue rectangle). It was at that point where I saw a GOOD bar-by-bar indication that price wanted to go lower and make the expected NSL. Being at such a DEEP correction, our NSL is still...

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Quoting Mr. Pip

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Breakeven day so far 2 entries 1 loss for -40 points and 1 win for +43 points so far +3 points @ 15 contracts ($225)

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Quoting evocpr19

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{quote} Jesus, i would get an heart attack with such amounts/lots

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Quoting Mr. Pip

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{quote} Shows you the belief and emotional control. also shows you that I am teaching a system the I myself trade and trade with 15 contract. This this the real deal no BULL****!!!! Next week I will show some live stream trading.

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Quoting rolandW

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{quote} Also, I can probably guess that you also focus on getting the pips, not the cash... reading through millionaire traders, that seems to be the consensus of 90% of successful traders... beating the game, not raking in the cash!

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Quoting rolandW

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Dow showing weakness on the bull side, is this getting ready to move down again? Just waiting for an indication at the moment... very close to my PRZ... Expectation is still NSL..

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Quoting Driiiv3

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Hi Mr. Pip, I need you to help me review this Order Flow Analysis practical. Sorry I used USDJPY, I just want to know if I'm on the right track, and also what i'm doing wrong. Thanks {image} {image}

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Quoting Mr. Pip

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{quote} Price made a much deeper then expectation correction. I believe this market may tray to get bullish again {image}

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Quoting tatts2020

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{quote} Amazing! How quickly you switched from long to short. I have a real psychological difficulty shorting sometimes. Its probably all that bullcrap you hear on TV about never shorting. I know I just need to listen to the order flow. Great trades.

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Quoting rolandW

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{quote} Thanks Mr P... this is where experience plays out i think...

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Quoting evocpr19

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Dear Mr. Pip, on the dow short trade: why did u expect a TP below th confluence line and fib 78.6 (at least in my chart)? Is it because of the missing structure on the left? do next structure is further below. UPDATE: mistake found, I took the wrong line. Sorry for having asked. {image}

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Quoting Mr. Pip

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{quote} I'm not sure that was a clear target price started accelerating so I rely more on the trail at this point to find extended targets.

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Quoting evocpr19

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{quote} @Roland: I remember Mr. Pips answer oconcerning one of my past questions: The YM is the DOW Futures contract. I don't trade anything else because there is no need to. As an intraday trader efficiency is key. Find one pair that has the range you need and make it your bitch. Pardon the expression but its far easier to trade one pair and be in sync with one chart vs bouncing around. One pair should give you plenty of opportunities. Keep it simple and the market will reward you. I liked this answer

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Quoting Earleone

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Great system and thread Mr Pip. Love it . I have been studying and trading forex for 4-5 years. But always something new to learn to increase the edge . I also admire your trading discipline. You explain/teach very good. Great mentor !!! all my 10 thumbs up

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