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

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Ratios & Harmonics: a Different Way to Trade

  • #18,521
  • Mar 23, 2016 7:10am Mar 23, 2016 7:10am
Quoting Mr. Pip
{quote} Expectation is a NSH the zones from yesterday are still in play and price is respecting the short term support area in pink. {image}
that was what i meant by saying main order flow is long. Sorry, I should have said that we expect a NSH
  • #18,522
  • Edited 7:26am Mar 23, 2016 7:15am | Edited 7:26am
Quoting evocpr19
{quote} Hi, cable I guess is GBPUSD. If so, do we not expect that price goes up (expectation failure; deep retracement)? Problem is the entry (trading into structure) Ok maybe you want to trade the retracement to 61.8 - 78.6 Fib {image}
On my feed it was a weak NSL. The resistance zone at 1.42 is strong and need to be broken for bulls to take over. So as long as price dont break that area I look short setups. But 61.8 is a perfect place to take profit I think for this one. I anyway target some more and will see if it survive retracements from 61.8 and 78.6. If not I look new short entry again at resistance area so I go countertrend here. , or against expectation. But handle qte agressive and with great R:R
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPUSD (144 Tick) 23_03_2016.jpg Size: 117 KB
Trading in the shadow of SM
  • #18,523
  • Mar 23, 2016 7:44am Mar 23, 2016 7:44am
@evocpr19 (http://www.forexfactory.com/showthread.php?p=8831484#post8831484) I saw you joined

I was trailing very aggressive now after the very big bear candles ( SL at top after each closed candle ) . Got 34.7 pips and bring me up more then 30 pips for the day for cable.
Attached Image (click to enlarge)
Click to Enlarge Name: $GBPUSD (144 Tick) 23_03_2016.jpg Size: 114 KB
Trading in the shadow of SM
  • #18,524
  • Mar 23, 2016 7:46am Mar 23, 2016 7:46am
Quoting Earleone
@evocpr19 (http://www.forexfactory.com/showthread.php?p=8831484#post8831484) I saw you joined I was trailing very aggressive now after the very big bear candles ( SL at top after each closed candle ) . Got 34.7 pips and bring me up more then 30 pips for the day for cable. {image}
(In my feed it was not a NSL; so I had to look to go out quickly). Congrats
  • #18,525
  • Mar 23, 2016 8:13am Mar 23, 2016 8:13am
EURUSD
I took a countertrend trade at NSL when strength was coming in and targeting fib 38 level. . After study chart a little bit I saw it had been breaking 1.200 level bearish and I was folding the countertrend trade for 2 pips. Took new short entry at strength from fib 38 level targeting just above harmonic 1:1 . It did not manage to make an NSL and retraced above 38.2 and was making an very weak NSH and I was holding with my initial SL marked in the chart. Target was reached now and it continue down to make an nice NSL. Happy with my 25.7 pips gain for the London session.
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD (144 Tick) 23_03_2016.jpg Size: 117 KB
Trading in the shadow of SM
  • #18,526
  • Mar 23, 2016 8:14am Mar 23, 2016 8:14am
YM and ES bulls looking weak
  • #18,527
  • Mar 23, 2016 8:16am Mar 23, 2016 8:16am
Quoting jmezz
YM and ES bulls looking weak
would have been a nice short
  • #18,528
  • Mar 23, 2016 8:18am Mar 23, 2016 8:18am
Quoting evocpr19
{quote} would have been a nice short
Expectation on both was NSH so I wouldn't have gone countertrend, been ripped up too many times doing that haha.
  • #18,529
  • Mar 23, 2016 8:19am Mar 23, 2016 8:19am
I'm in no rush to do anything this morning, I'm getting the impression it could be one of those 'fuckery' days.
  • #18,530
  • Mar 23, 2016 8:19am Mar 23, 2016 8:19am
Quoting jmezz
{quote} Expectation on both was NSH so I wouldn't have gone countertrend, been ripped up too many times doing that haha.
i did not take either. Just saw the move afterwards.
  • #18,531
  • Mar 23, 2016 9:07am Mar 23, 2016 9:07am
Thank you Mr. Pips for correcting my definition of PROJECTION...

As I expected yesterday it made a NSL.

What I see:
PROJECTION - BECOMES SHORTER FROM THE PREVIOUS
MOMENTUM - ALMOST THE SAME FROM THE PREVIOUS
DEPTH - WAITING...
EXPECTATION - LH
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 15 23 MARCH 2016.png Size: 85 KB
  • #18,532
  • Mar 23, 2016 9:14am Mar 23, 2016 9:14am
Good morning everyone! I'm in the hospital for a "spontaneous pneumothorax" (lung collapse). I'll be catching up on the forum when I get time. Just wanted to let everyone know I'm still here. :-) In the meantime, I worked a little on my spreadsheet (I haven't had a chance to look at Mr. Pips forex spreadsheet yet, but I will soon.).

On the daily page, I added colors and a little "estimated time to hit next level" based on averaging profit/loss sizes. Still tweaking but it looks fun for now. Remember, it's shared in View only mode, so Use "File->Make a new copy" to copy it into your own google account for editing. :-)

https://docs.google.com/spreadsheets/d/1-2A9mNBiJxFHjLvTY2chXI3he1B55-MkEDHDbxBmb3I/edit?usp=sharing

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2016-03-23 at 10.14.43 AM.png Size: 607 KB
Markets can remain irrational longer than you can remain solvent - JMK
  • #18,533
  • Mar 23, 2016 9:15am Mar 23, 2016 9:15am
Quoting Timwelch
Good morning everyone! I'm in the hospital for a "spontaneous pneumothorax" (lung collapse). I'll be catching up on the forum when I get time. Just wanted to let everyone know I'm still here. :-) In the meantime, I worked a little on my spreadsheet (I haven't had a chance to look at Mr. Pips forex spreadsheet yet, but I will soon.). On the daily page, I added colors and a little "estimated time to hit next level" based on averaging profit/loss sizes. Still tweaking but it looks fun for now. Remember, it's shared in View only mode, so Use "File->Make...
I wish you a good recovery
  • #18,534
  • Mar 23, 2016 9:16am Mar 23, 2016 9:16am
Quoting Timwelch
Good morning everyone! I'm in the hospital for a "spontaneous pneumothorax" (lung collapse). I'll be catching up on the forum when I get time. Just wanted to let everyone know I'm still here. :-) In the meantime, I worked a little on my spreadsheet (I haven't had a chance to look at Mr. Pips forex spreadsheet yet, but I will soon.). On the daily page, I added colors and a little "estimated time to hit next level" based on averaging profit/loss sizes. Still tweaking but it looks fun for now. Remember, it's shared in View only mode, so Use "File->Make...
Wow man. Get well soon!
  • #18,535
  • Mar 23, 2016 9:19am Mar 23, 2016 9:19am
Quoting Timwelch
Good morning everyone! I'm in the hospital for a "spontaneous pneumothorax" (lung collapse). I'll be catching up on the forum when I get time. Just wanted to let everyone know I'm still here. :-) In the meantime, I worked a little on my spreadsheet (I haven't had a chance to look at Mr. Pips forex spreadsheet yet, but I will soon.). On the daily page, I added colors and a little "estimated time to hit next level" based on averaging profit/loss sizes. Still tweaking but it looks fun for now. Remember, it's shared in View only mode, so Use "File->Make...

Get Well Soon


Regards
Aj1
  • #18,536
  • Mar 23, 2016 9:22am Mar 23, 2016 9:22am
Quoting Timwelch
Good morning everyone! I'm in the hospital for a "spontaneous pneumothorax" (lung collapse). I'll be catching up on the forum when I get time. Just wanted to let everyone know I'm still here. :-) In the meantime, I worked a little on my spreadsheet (I haven't had a chance to look at Mr. Pips forex spreadsheet yet, but I will soon.). On the daily page, I added colors and a little "estimated time to hit next level" based on averaging profit/loss sizes. Still tweaking but it looks fun for now. Remember, it's shared in View only mode, so Use "File->Make...
Wow Tim nice work on the spreadsheet and I hope you recover soon. I hope they don't have to put a chest tube in. That hurts pretty good. Take care!
If you fail to plan, you plan to fail.
  • #18,537
  • Mar 23, 2016 9:25am Mar 23, 2016 9:25am
Attempted a quick short but was stopped +1pt. Now SOH til we get a better environment.

Definitely a fuckery day so far with these small ranges imo.
  • #18,538
  • Mar 23, 2016 9:28am Mar 23, 2016 9:28am
I tried a long but went out by 5 pips, since price did not boost up. Price remains currently at this level without showing big interest to go down but also not to go up
  • #18,539
  • Mar 23, 2016 9:43am Mar 23, 2016 9:43am
Ive been trying to short all morning and getting hit hard waiting for this. Maybe it will finally work out
Attached Image (click to enlarge)
Click to Enlarge Name: YM 06-16 (233 Tick) 3_23_2016.jpg Size: 160 KB
  • #18,540
  • Mar 23, 2016 9:48am Mar 23, 2016 9:48am
Quoting Timwelch
Good morning everyone! I'm in the hospital for a "spontaneous pneumothorax" (lung collapse). I'll be catching up on the forum when I get time. Just wanted to let everyone know I'm still here. :-) In the meantime, I worked a little on my spreadsheet (I haven't had a chance to look at Mr. Pips forex spreadsheet yet, but I will soon.). On the daily page, I added colors and a little "estimated time to hit next level" based on averaging profit/loss sizes. Still tweaking but it looks fun for now. Remember, it's shared in View only mode, so Use "File->Make...
Nice work with the money management. definitely inspiring. hope you get better soon.
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