...and the last {image}
Ratios & Harmonics: a Different Way to Trade
{quote} My initial thought is that price will have a complex deep correction with a reversal. The reason for this is that we just got a confirmation that bulls/bears wants to take over but that doesn't mean the other side just rolls over and give up. Of course I take into consideration things like order flow (projection of new NSX, momentum), volume and price action as well as structure. Maybe some of you guys made some backtesting and can provide numbers on this? Otherwise I will try to look at it but it will have to wait a few days, going on a...
- #18,084
- Mar 10, 2016 2:51pm Mar 10, 2016 2:51pm
Wow, what a day's trading!! I feel tired after all that roller coaster!!
Started with some losses, about 30 pips, then some wins, which included a small TP on a market that shot up over 100 pips in profit if I had left the TP open (this was the first TP I set today, figures!!).
The. I had some losses, which unlike my first losses (which were within my rules) the next 2 trades were stupid catching a falling knife type trades, this took me to -57 pips on the day. So after a stern talking too, by myself, I managed to pull off 7 consecutive winning trades, 2 of which were a small just above BE. So I managed to finish the day 53 pips up turning over 100 pips in my final run in.
Clearly i am still fighting the odd slip up but glad to be managing my issues and turning them round quickly. If I can manage to kerb that I will be in a great position.
Not going to mark out my trades today as at 15 trades I think it would be a bit much
Started with some losses, about 30 pips, then some wins, which included a small TP on a market that shot up over 100 pips in profit if I had left the TP open (this was the first TP I set today, figures!!).
The. I had some losses, which unlike my first losses (which were within my rules) the next 2 trades were stupid catching a falling knife type trades, this took me to -57 pips on the day. So after a stern talking too, by myself, I managed to pull off 7 consecutive winning trades, 2 of which were a small just above BE. So I managed to finish the day 53 pips up turning over 100 pips in my final run in.
Clearly i am still fighting the odd slip up but glad to be managing my issues and turning them round quickly. If I can manage to kerb that I will be in a great position.
Not going to mark out my trades today as at 15 trades I think it would be a bit much
- #18,085
- Mar 10, 2016 3:05pm Mar 10, 2016 3:05pm
Then I'm wondering where I went wrong here: - Price broke swing high (yellow dashed line) so I thought was ok to look for long as long term flow was up. - Took 'entry' at the 50fib / structure / ~harmonic pullback - Was looking for 1:1 but price took me out So what did I miss here? {image}
- #18,087
- Mar 10, 2016 10:43pm Mar 10, 2016 10:43pm
- | Joined Dec 2013 | Status: Trader | 1,118 Posts
Good evening.
EURUSD - 15M
There's not much to work with but here it goes.
It looks like the market is taking a breather after all the excitement today. because short term order flow put in a NSL and Bulls failed to push higher I'm expecting price to be bearish. Looking at the 1.1140-50's for a reaction and go from there. Re-evaluate in the morning
EURUSD - 15M
There's not much to work with but here it goes.
It looks like the market is taking a breather after all the excitement today. because short term order flow put in a NSL and Bulls failed to push higher I'm expecting price to be bearish. Looking at the 1.1140-50's for a reaction and go from there. Re-evaluate in the morning
- #18,091
- Mar 11, 2016 4:03am Mar 11, 2016 4:03am
{quote} I use MT4 and you can you this system just as well. I believe that 233 tick is equivalent to our 5 min charts.
You can get indicators for MT4 that are supposed to be tick charts, but I have not looked at them, as they are never in the main window, an dseems to confuse me more than help me!
- #18,092
- Mar 11, 2016 4:57am Mar 11, 2016 4:57am
- Joined Sep 2013 | Status: OTM AI IntelliWave™ Trader | 1,107 Posts
Trading in the shadow of SM
- #18,094
- Mar 11, 2016 5:21am Mar 11, 2016 5:21am
Here are my trades... EU and EJ
EU...
EJ...
In both trades it was my bad trade management that cut my winnings short. Locked some profit and extended targets, and got taken out by just a bit.
Really need to work on trade management. Got 37 pips profit but could have got alot more.
Asmodai
EU...
EJ...
In both trades it was my bad trade management that cut my winnings short. Locked some profit and extended targets, and got taken out by just a bit.
Really need to work on trade management. Got 37 pips profit but could have got alot more.
Asmodai
