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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

  • #18,981
  • Apr 13, 2016 6:25am Apr 13, 2016 6:25am
Eurusd 15

hit my tp @1.1315
70 pts for today
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  • #18,982
  • Apr 13, 2016 6:31am Apr 13, 2016 6:31am
Also, yesterday I learned NOT to make any expectation based off of news releases. I had assumed / expected price on the EURUSD to keep climbing, especially after the negative Fed news. That was not the case. I didn't make any trades based off of it, but it did change my expectations for a minute, which kept me out of a good trade to the downside. :-)
Markets can remain irrational longer than you can remain solvent - JMK
  • #18,983
  • Apr 13, 2016 7:45am Apr 13, 2016 7:45am
Quoting Timwelch
Also, yesterday I learned NOT to make any expectation based off of news releases. I had assumed / expected price on the EURUSD to keep climbing, especially after the negative Fed news. That was not the case. I didn't make any trades based off of it, but it did change my expectations for a minute, which kept me out of a good trade to the downside. :-)
Can you explain? Do you mean the news itself or the action it prints on the chart? Can't really ignore the latter, right?
  • #18,984
  • Apr 13, 2016 8:23am Apr 13, 2016 8:23am
Dow traders - are you using this as your main swing? If not, which one are you using?
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  • #18,985
  • Edited 11:36am Apr 13, 2016 10:29am | Edited 11:36am
Quoting jmezz
Dow traders - are you using this as your main swing? If not, which one are you using? {image}
The rule says the last clear low and high.
I use for projection, the last big one. Hence, approximately half of yours.
I have also seen mates taking like u do, but I would not expect a 1 to 1 move (at least not fast). Cannot say more, I sit in a train. Do not have the chart in front of me.
  • #18,986
  • Apr 13, 2016 11:50pm Apr 13, 2016 11:50pm
Quoting ujku80
{quote} yeah, I'm watching that bat too. {image} for those of you who haven't learned what a bat is, pls refer to this drawing from Damian: {image}
HAPPY BIRTHDAY to ARJAN.Wont mention his age lol 65 lol
  • #18,987
  • Apr 14, 2016 12:43am Apr 14, 2016 12:43am
Quoting mjgoldtrader
Eurusd 15 hit my tp @1.1315 70 pts for today {image}
Hi,Congrats to your trade.Could you please explain why you took this trade, since it made a short time order flow NSH ( and NSL compared to previous one) .Thank you for your input.
  • #18,988
  • Apr 14, 2016 2:07am Apr 14, 2016 2:07am
Quoting devontrader
{quote} HAPPY BIRTHDAY to ARJAN.Wont mention his age lol 65 lol
Oh, Thank you Jason. How did u know man.. btw, I'm actually 17 ...haha

cheers
  • #18,989
  • Apr 14, 2016 2:11am Apr 14, 2016 2:11am
Eurusd 15m
nsl

locked in 37 pts
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  • #18,990
  • Apr 14, 2016 2:22am Apr 14, 2016 2:22am
Quoting evocpr19
{quote} Hi,Congrats to your trade.Could you please explain why you took this trade, since it made a short time order flow NSH ( and NSL compared to previous one) .Thank you for your input.
Thank you My reason for entry1) the price brake my previous HL the horizontal Arrow that changed my expectation to NSL2) strong momentum Downside very convincing3) i wait for market to retrace 38.2 minimum4) i enter using bar n bar analysis strong bearish bar5) SL above 61.8 fib
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  • #18,991
  • Apr 14, 2016 2:35am Apr 14, 2016 2:35am
Eurusd 15m
locked in 60 pts

move tp @ 1.1200
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  • #18,992
  • Apr 14, 2016 5:32am Apr 14, 2016 5:32am
Happy birthday Arjan. I don't post much but I've been here in the shade for many weeks.

I trade from H4-D1 charts. I'm engaged on shorting GU, and fortunately I could move to BE this morning. Good setup but I keep an eye on price being at the bottom of MN charts, close to demand structure. I can't put a screenshot as I'm at the office.
  • #18,993
  • Apr 14, 2016 6:57am Apr 14, 2016 6:57am
eur chf 4h.
a wedge with a potential shark in it.
its not a nice shark but i am willing to take a chance for this reward.
shitty spread though

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  • #18,994
  • Apr 14, 2016 7:17am Apr 14, 2016 7:17am
Quoting mjgoldtrader
{quote} Thank you My reason for entry1) the price brake my previous HL the horizontal Arrow that changed my expectation to NSL2) strong momentum Downside very convincing3) i wait for market to retrace 38.2 minimum4) i enter using bar n bar analysis strong bearish bar5) SL above 61.8 fib {image} {image}
Thank you for the explanation. I thought initially that you took at the beginning of your 2 nd arrow (before expectation failure). Now it is clear.
  • #18,995
  • Apr 14, 2016 7:52am Apr 14, 2016 7:52am
Quoting evocpr19
{quote} The rule says the last clear low and high. I use for projection, the last big one. Hence, approximately half of yours. I have also seen mates taking like u do, but I would not expect a 1 to 1 move (at least not fast). Cannot say more, I sit in a train. Do not have the chart in front of me.
Ok I see which swing you're referring to. Had someone used the swing you identified, they would have had a nice profitable trade.

Swing identification remains my largest issue but now I'm wondering if it's even as big of a deal as I'm making it out to be.
  • #18,996
  • Apr 14, 2016 8:36am Apr 14, 2016 8:36am
Eurusd 15m

expectation nsl
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  • #18,997
  • Apr 14, 2016 9:06am Apr 14, 2016 9:06am
YM expectation for now
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  • #18,998
  • Apr 14, 2016 9:06am Apr 14, 2016 9:06am
Trades so far this morning.

Attempted a long at 17813 but as soon as I entered I felt awful about it. Did not like the entry at all, so once it got back to b/e I aggressively moved my stop there. Glad it didn't turn into a loss.
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  • #18,999
  • Apr 14, 2016 9:10am Apr 14, 2016 9:10am
Quoting jmezz
Trades so far this morning. Attempted a long at 17813 but as soon as I entered I felt awful about it. Did not like the entry at all, so once it got back to b/e I aggressively moved my stop there. Glad it didn't turn into a loss. {image}
Im at Be+1 now, well see what happens
  • #19,000
  • Apr 14, 2016 9:32am Apr 14, 2016 9:32am
Quoting SteeP7
{quote} Im at Be+1 now, well see what happens
Has been an ugly leg up for sure but you look to be nicely in the green
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