Eurusd 15m
stopped out -23 pts
stopped out -23 pts
Ratios & Harmonics: a Different Way to Trade
- #19,162
- Apr 25, 2016 11:42am Apr 25, 2016 11:42am
{quote} Uhmmmmm. I was just looking at the charts to post a training senario. Dont worry I'm not cheating. hehehe Your right after a NSH to NSL the general rule is a deep retracement but then you got to modify those expectations by analyzing the strength of order flow so here I go.... Personally I would be looking at the 50% - 78.6% retracement just because of the structured ceiling involved in that area and the amount of volatility to zig then zag price. The strength of the volitility has me thing lower end so possible 50%- 61.8 but I wouldn't...
Ive spent much of today just watching the live charts as ive had the whole day free, i feel this is the best way to learn how price moves from the S and D levels as opposed to using backtesting
- #19,163
- Apr 25, 2016 12:00pm Apr 25, 2016 12:00pm
- | Joined Dec 2013 | Status: Trader | 1,118 Posts
{quote} Thanks for your feedback mack, i was backtesting in march last year which is why you probably couldnt find it
I tried looking back but my chart wouldn't load it.
- #19,164
- Apr 25, 2016 12:42pm Apr 25, 2016 12:42pm
- | Joined Dec 2013 | Status: Trader | 1,118 Posts
Good morning traders,
US30 - 144T
Pretty dull morning for me so far. Just watching price. Price is in the area I was looking at to go short but the recent strength that pushed it there has scared my interests off... Just waiting for the bears to come by and the bulls to scatter.
US30 - 144T
Pretty dull morning for me so far. Just watching price. Price is in the area I was looking at to go short but the recent strength that pushed it there has scared my interests off... Just waiting for the bears to come by and the bulls to scatter.
- #19,166
- Edited 1:55pm Apr 25, 2016 1:11pm | Edited 1:55pm
- | Joined Dec 2013 | Status: Trader | 1,118 Posts
{quote} {image} The results were great
I guess I wasn't too accurate on that one. oh well. I honestly wasn't convinced with the rejection. nice tho
- #19,167
- Apr 25, 2016 1:55pm Apr 25, 2016 1:55pm
- | Joined Dec 2013 | Status: Trader | 1,118 Posts
US30 - 144T
Not sure if we'll get another leg down but I'm definitely looking for a retest of the lows. I'm still with the L/T trend but with the deeper correction, I'll be managing this aggressively. Well, looking for a B/E as soon as possible anyway.
Not sure if we'll get another leg down but I'm definitely looking for a retest of the lows. I'm still with the L/T trend but with the deeper correction, I'll be managing this aggressively. Well, looking for a B/E as soon as possible anyway.
- #19,173
- Apr 26, 2016 9:45am Apr 26, 2016 9:45am
Hey guys, ive been studying the 233 tick chart all day today since london open and i have to say i prefer it to the 5 min which i was watching before, it just seems more fluid. I took 2 trades today and would like to share with you one of them which im really happy with although the entry could of been better, i would love to here your thoughts. I feel today that im beginning to get a "feel" for the system alot more and price action trading in general (although this could be the high of this nice winning trade 
).
About the trade
I saw that price has made a decent projection and although the momentum wasnt amazing i could see that there was much more larger bullish candles then bearish and when it started turning at the top of that first swing my initial plan was to wait for it to come back and hit that area of structure. However, i got that rotation signal candle right on the 38.2 fib level so i decided to take the trade there and of course in hindsight it was the wrong thing to do, this was more an emotional decision i think as id been waiting for 2 hours already for something. Anyway i had my SL at the bottom of the swing which worked well as price reacted right of the bottom of the structure area then shot up, its at this point i saw there was news coming out so i tightened my SL in case it was good for the usd. Then when it came out and price started going up again i used the trailing SL following the 38.2 fib level which Mr Pips uses and this saved me from getting out twice by 2 pips which i was really excited and happy about! I eventually got stopped out at about 40 pips profit.
).About the trade
I saw that price has made a decent projection and although the momentum wasnt amazing i could see that there was much more larger bullish candles then bearish and when it started turning at the top of that first swing my initial plan was to wait for it to come back and hit that area of structure. However, i got that rotation signal candle right on the 38.2 fib level so i decided to take the trade there and of course in hindsight it was the wrong thing to do, this was more an emotional decision i think as id been waiting for 2 hours already for something. Anyway i had my SL at the bottom of the swing which worked well as price reacted right of the bottom of the structure area then shot up, its at this point i saw there was news coming out so i tightened my SL in case it was good for the usd. Then when it came out and price started going up again i used the trailing SL following the 38.2 fib level which Mr Pips uses and this saved me from getting out twice by 2 pips which i was really excited and happy about! I eventually got stopped out at about 40 pips profit.
Hey guys, ive been studying the 233 tick chart all day today since london open and i have to say i prefer it to the 5 min which i was watching before, it just seems more fluid. I took 2 trades today and would like to share with you one of them which im really happy with although the entry could of been better, i would love to here your thoughts. I feel today that im beginning to get a "feel" for the system alot more and price action trading in general (although this could be the high of this nice winning trade
- #19,175
- Apr 26, 2016 3:23pm Apr 26, 2016 3:23pm
- | Joined Jan 2016 | Status: Trader | 1,719 Posts
Hey guys, ive been studying the 233 tick chart all day today since london open and i have to say i prefer it to the 5 min which i was watching before, it just seems more fluid. I took 2 trades today and would like to share with you one of them which im really happy with although the entry could of been better, i would love to here your thoughts. I feel today that im beginning to get a "feel" for the system alot more and price action trading in general (although this could be the high of this nice winning trade
you could also try 162 Tick chart.
Hey guys, ive been studying the 233 tick chart all day today since london open and i have to say i prefer it to the 5 min which i was watching before, it just seems more fluid. I took 2 trades today and would like to share with you one of them which im really happy with although the entry could of been better, i would love to here your thoughts. I feel today that im beginning to get a "feel" for the system alot more and price action trading in general (although this could be the high of this nice winning trade
.I must say the tick-chart for this price action looks much cleaner and easier to read than my time based chart. Too bad one has to pay so much for it. But maybe I will try it out some time...
- #19,179
- Apr 27, 2016 5:41am Apr 27, 2016 5:41am
- Joined Apr 2006 | Status: Metatrader Programmer | 1,422 Posts
Hello everyone eurusd 15m expectation nsh {image}
