Ratios & Harmonics: a Different Way to Trade

Hello,

I couldn't trade small timeframes, I always lose.

I wanted to try it again and I started to look for buy oportunities in the demand zone (http://www.forexfactory.com/showthread.php?p=8780710#post8780710) after the price makes a NSH (5 min chart)

I did a mistake and I lost the best oportunity , but green pips at the end. I am happy.

I am learning a lots from all of you.
Thank you again.

Your stops are way too tight, they really should be a little beyond the recent NSL or NSH (or at the very least below the recent HL or above the recent LH) this way you have room for the trade to breath. My biggest losses for the first few months in forex came from the stops being way too tight. Risk less and widen the stops and you'll see an immediate difference.

you should understand that price rotation is not the only thing you should focus on, right? it's actually the last thing. First structure, then order flow (strength and weakness) then expectation zone in confluence with fib (minimum 38% retrace), then just wait for the beautiful bar to trigger entry....and SL should go below the zone or below 78.6% retracement of the swing, or below NSL or NSH if you happen to enter after a deep pullback.

happy trading

still hunting no entries yet

YM looks complicated to me, whereas EU is pulling back. maybe it's not so stupid to look for longs in EU now. (re-edit)

Would it be fair to assess that bulls are taking control and look for long opportunities? Or is it best to keep the NSL expectation?

Short after a loss

Bulls are messing with me again tough area to trade and read. BE now

BE to protect there is structure here

BE

short again third time is a charm???

Just ugliness today. See it happens to all of us If I get taken out here I'm done for the day.

Bulls and the Bears are fighting it out. Lets see who wants it more??? Let's go bears!

Come on bears put your pants on!!!

Just have to be patient here bears trying but bulls are also trying to buy.

-1 pip in the end for the me for the day...

3 trades, 1 BE, 1 win, and 1 loss... howewver, as I was saying earlier about too tight my stops were, the loss would have been another win, had I not moved my stop by about 5 pips to remove a bit of risk... subsequently taken out and gone on to a win.

BE trade would have been at least a 12 pip winner (1% account growth!)

So pretty confident in terms of general direction for the day, banging my head against a wall because not trading effectively in terms of breathing room.

Tomorrow it is my intention to give plenty of breathing room - either swing high/low, or placing above the 76% for shallow corrections...

For those doing trading plans, this is where they come into their own - having a trading journal to compliment so that you can analyse your trades and see where your losses happen so you can optimise and change how you trade. adaptability is key!

Of course discipline to stick to it is pretty important too !

Back on the pain train.

the higher time frame trend seemed bullish, short term looks indecisive, IMHO I am a bit lean to bullish.

Well Traders a losing day for me. -70 points @ 15 contracts -$5,625

Last trade of the day.