Ratios & Harmonics: a Different Way to Trade

Quoting kaboemm

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{quote} Thats sour. Ar least your expectations were on point. I missed that move because I was away from my desk

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Quoting Earleone

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{quote} Got it back now Was close to SL 2.5 pips away . Risk was 10 pips so close to R:R 1:2 Was getting bad fill on this one too I was pulling the trigger at the close of the bull candle and was filled in the top almost of next. {image}

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Quoting kaboemm

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{quote} Good trade! I was eyeballing that one aswell. I didn't took it because of that 100% retest of NSH, so I didn't had that much of trust in the move. I'm staying out of trading now because of the Unemployment Claims coming up soon.

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Quoting Earleone

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{quote} I was qte sure it would go up and test the 1.44 level . The question was when. I also had my doubts because of the LH at the retest. Was getting confidence that it could be the test again when 38.2 level was holding. Anyway not always the best time of day trade during UK lunch time. I also wait news if not some very good opportunity comes before.

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Quoting Earleone

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{quote} Hi Gastonforex. Price sometimes takes stairs up and elevator down Many countertrend traders. Cable often goes to 76.4 retracement to on microscale swings. When I see bars much bigger then the average I also analyse where they are and often you will see very big bars in the end and beginning of movement if there is no other obvious reason for the size of the bar ( News etc ) . And as you see I had an entry on the top of that move too. I did not expect the strong retracement that was coming and took a 10 pips loss there. It became an HL...

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Quoting kaboemm

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Just took 2 shorts on cable 233. {image} The first entry was a rookie mistake. I didn't want to miss the train so I thought I'd get in on a reversal candle and get my money back from my previous trade. The second entry in my opinion a good entry as the pull-back wouldn't be strong after such a swing down. It did almost hit 38.2 fib in combination with structure. I got in after that doji when the candle immediate started trading down. {image} Both the SL's i've put above structure and when it did test previous low I moved SL from my second entry...

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Quoting Masterrmind

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GBPAUD [H1 Chart] {image} Looking to go long up to 382 Fib once the bulls show some intent to drive price up. This is starting to look like an ideal setup. However, longer term order flow is clearly to the downside so the trade is not without some additional risk attached! Observation time since the bears still have the upper hand at this stage .......... Masterrmind............ :nerd:

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Quoting kaboemm

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Good morning traders! Just took a long on eur/usd 233 tick chart {image} Entered on the red arrow after a retrace from the 61.%. Moved to BE when price hit the 1:1 harmonics and hit structure.

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Quoting Stuart1984

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Closed my EU long for +50pips {image}

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Quoting Earleone

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{quote} Maybee a little bit early entry on the first one ( taken on weakness but from nice area ) I saw a good short there but did not jump in waiting news. I will say well done . No movement on news for cable to speak about. Support has hold and I am countertrend on my small 144 tick bars. But it is actually with expectation for f.ex 15M chart . Risk is 12 pips and reward is unknown . {image}

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Quoting Masterrmind

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GBPAUD [H1 Chart] {image} Looking to go long up to 382 Fib once the bulls show some intent to drive price up. This is starting to look like an ideal setup. However, longer term order flow is clearly to the downside so the trade is not without some additional risk attached! Observation time since the bears still have the upper hand at this stage .......... Masterrmind............ :nerd:

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Quoting fonx

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{quote} Hi Masterrmind. That long you are planning is countertrend, isn't it? Last yellow momentum line is expecting a NSL. Do you trade counter trend on normal basis or you do in on certain conditions? I'm starting using this method on H4 charts, but for the moment I only trade with-trend expectations (expectations of NSL or NSH). EDIT: let me add that momentum seems weakening but apart from that we don't have any clue of the depth of the correction. EDIT2: well, seeing it with more attention I see the confluence of the proyection and the red structure...

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Quoting kaboemm

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{quote} Yes, way too early haha! Luckily it turned out good. Im amazed by your long entry there, very nice! Do you always look at 15 min for your counter trend entries?

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Quoting mjgoldtrader

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EURUSD 15m Took short @ 1.13120 expecting NSL since the price broke below previous HL @1.1315 TP - 1.1290 SL - 1.1345 Stopped out SL hit =-25 pts Last trade for this week. I will not trade nfp again {image}

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Quoting Masterrmind

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{quote} Price action has a way of showing us the way. The only initial clue we really had was that longer term order flow was to the downside which means we'd need to see some serious bullish intent to the upside to make an entry. Waiting patiently saved a possible bad entry point on the GA pair. Trading the H1 TF on a volatile pair however also comes with stops that are usually quite large so you'd better know the beast well before you try to ride it! Building a case for entry is what its all about and getting as much confluence as possible ........

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