Ratios & Harmonics: a Different Way to Trade | Page 962 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

Learning to trade with harmonics 11 replies

Time for Change - Pivots & Harmonics to freedom 67 replies

180 reasons to trade Harmonics and Patterns 13 replies

Group Trading based on Elliott wave and Harmonics 0 replies

Attachments: Ratios & Harmonics: a Different Way to Trade
Exit Attachments

Ratios & Harmonics: a Different Way to Trade

  • #19,221
  • Apr 29, 2016 6:50am Apr 29, 2016 6:50am
Eurusd 15m

expectation nsh

sl just below 382 fib

tp @1.1450 area
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2016-04-29-18-07-01.png Size: 131 KB
  • #19,222
  • Apr 29, 2016 8:07am Apr 29, 2016 8:07am
YM this morning.

I have expectation as NSL with long term flow being down until 17789 is broken, the white horizontal line. But I'm thinking this might be wrong and could be 17784, which is the swing high directly next to it.

We created that NSH very early in the ON session and then traded sideways until this morning. So that sideways correction confuses me on where to assess the long term flow.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 79 KB
  • #19,223
  • Apr 29, 2016 8:09am Apr 29, 2016 8:09am
Shoutout to mjgoldtrader and ren, you guys look to be killin it lately
  • #19,224
  • Apr 29, 2016 8:14am Apr 29, 2016 8:14am
Quoting mjgoldtrader
Eurusd 15m expectation nsh sl just below 382 fib tp @1.1450 area {image}
good trade I took GBPUSD instead
Attached Image (click to enlarge)
Click to Enlarge Name: gbp1.png Size: 34 KB
  • #19,225
  • Edited 8:57am Apr 29, 2016 8:16am | Edited 8:57am
Quoting mjgoldtrader
Eurusd 15m expectation nsh sl just below 382 fib tp @1.1450 area {image}
Hi MJ,
I've entered a little bit earlier long @ 1.1384 , now sl moved to be and trade in positive territory (around +50 pips)

Edit : price stalled and since it's friday i choose to manually close for nice 50 pips

Attached Image (click to enlarge)
Click to Enlarge Name: EU_29Apr2016_1.jpg Size: 79 KB
  • #19,226
  • Edited 12:26pm Apr 29, 2016 9:10am | Edited 12:26pm
Turned my week around on the last 2 days . Enjoy your weekend everyone!

Great trades as usual, MJ and Ren.
  • #19,227
  • Apr 29, 2016 9:54am Apr 29, 2016 9:54am
Eurusd 15m

expectation nsh

about to hit my initial tp moved it further to.1.1460

currently locked in +30 pts
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2016-04-29-21-51-05.png Size: 131 KB
  • #19,228
  • Apr 29, 2016 9:56am Apr 29, 2016 9:56am
Happy weekend everyone!!! takecare!

Thank you everyone for all the cheers

goodluck to our trades
  • #19,229
  • Apr 29, 2016 11:07am Apr 29, 2016 11:07am
Quoting Ren1058
{quote} good trade I took GBPUSD instead {image}
nice trade Ren

Quoting skyline
{quote} Hi MJ, I've entered a little bit earlier long @ 1.1384 , now sl moved to be and trade in positive territory (around +50 pips) Edit : price stalled and since it's friday i choose to manually close for nice 50 pips {image}
awesome entry there Skyline !

i entered @ 1.1399

goodluck to our trade
  • #19,230
  • Apr 29, 2016 11:37am Apr 29, 2016 11:37am
Quoting mjgoldtrader
{quote} nice trade Ren {quote} awesome entry there Skyline ! i entered @ 1.1399 goodluck to our trade
Thx Mj, i closed manually trade since it's late friday for a nice 50 pips

Btw i'm wondering where MrPip is ?

Have a nice weekend!
  • #19,231
  • Apr 29, 2016 12:06pm Apr 29, 2016 12:06pm
Good morning everyone

US30 - 144T

Price did as expected and is moving very harmonically so I took this short looking for a push for another NSL. sorry for the messy chart. lots of information.

Attached Image (click to enlarge)
Click to Enlarge Name: Chart.png Size: 113 KB
  • #19,232
  • Apr 29, 2016 12:28pm Apr 29, 2016 12:28pm
Quoting Mack2013
Good morning everyone US30 - 144T Price did as expected and is moving very harmonically so I took this short looking for a push for another NSL. sorry for the messy chart. lots of information. {image}
Looking good!
  • #19,233
  • Apr 29, 2016 12:37pm Apr 29, 2016 12:37pm
Quoting stavrogijn
{quote} Looking good!

Mah, eating some pain right now. I misinterpreted the third leg in the 3 drives which makes my entry look very expensive. But I didn't get clipped so I'm still in there.

Honestly , I was looking at 61.8 - 78.6 but thought 61.8 was stronger with the information I had so I entered on the turn, or what I thought was the turn. But I'm getting some cooperation now which is good.

Attached Image (click to enlarge)
Click to Enlarge Name: Chart.png Size: 113 KB
  • #19,234
  • Apr 29, 2016 1:12pm Apr 29, 2016 1:12pm
No trades for me today.

This morning I was discussing a possible ES short with a friend of mine. The issue is that the 2nd leg in the correction had gained a considerable amount of momentum and so I thought that price would break into the overnight session range and then we'd see a squeeze as the market has seen a lot of selling the past couple days.

Had I not been concerned with a squeeze I probably still would not have taken the short due to the momentum coming into the area. Damian has said that momentum should not increase with that second corrective leg.

In screenshot, first chart shows what I was looking at before and then second shot shows the increased momentum and the ensuing sell off afterwards. Short would have worked.

Still thinking too much apparently.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 309 KB
  • #19,235
  • Apr 29, 2016 1:21pm Apr 29, 2016 1:21pm
Quoting jmezz
No trades for me today. This morning I was discussing a possible ES short with a friend of mine. The issue is that the 2nd leg in the correction had gained a considerable amount of momentum and so I thought that price would break into the overnight session range and then we'd see a squeeze as the market has seen a lot of selling the past couple days. Had I not been concerned with a squeeze I probably still would not have taken the short due to the momentum coming into the area. Damian has said that momentum should not increase with that second corrective...
too much thinking??? not at all. Its good to assess all possibilities and their strengths. Situational awareness for possible threats is hard to build on a effective level.

I'm jealous of your social situation. The only person I got to talk to about trading is my cup of coffee and to him everything looks black. haha!

I curious of the psychological basses for having a second stronger leg, wouldn't this support a theory for a equal to sallower correction an another leg down or is there more to it?
  • #19,236
  • Apr 29, 2016 1:28pm Apr 29, 2016 1:28pm
Question for thread - How many traders here would label the CYAN 'LH?' and 'NSL?' as true lower high and new structure low?

Market made a LH and then a NSL which I labeled in dark blue. Then we had a minor pb which didn't reach the 38.2 and then a NSL.

The yellow horizontal line is what I use to dictate whether we are going to have a change of order flow. It's what we are taught to do in this thread.

So on the creation of the cyan NSL, this would mean that we'd move the yellow line down to the cyan LH which did not reach the 38.2. So essentially a close above this would signal an order flow change. But it's a minor LH as it hasn't reached the 38.2.

I'm just looking to gauge how others would interpret this scenario.

Edit - You can see that the same scenario happened earlier in the screenshot. It kinda jumbles things up from an orderflow standpoint.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 77 KB
  • #19,237
  • Apr 29, 2016 1:38pm Apr 29, 2016 1:38pm
Quoting Mack2013
{quote} too much thinking??? not at all. Its good to assess all possibilities and their strengths. Situational awareness for possible threats is hard to build on a effective level. I'm jealous of your social situation. The only person I got to talk to about trading is my cup of coffee and to him everything looks black. haha! I curious of the psychological basses for having a second stronger leg, wouldn't this support a theory for a equal to sallower correction an another leg down or is there more to it?
I vaguely remember Damian posting that complex corrections show that the traders which have been in control are weakening. So if order flow is bearish and then you start getting complex corrections, bears may be weakening.

It would make sense to think if the 2nd leg of the complex correction picks up in momentum that the bulls are gaining in power.

Anyone have any other ideas?
  • #19,238
  • Apr 29, 2016 1:40pm Apr 29, 2016 1:40pm
Quoting Georji
@ Jmez, I'm finding very hard to let go of is what I *think* is going to happen. Hi Jmez we all suffer from this problem, some more then others, so pick a couple of days or even a week where you say to yourself i am going to be a Robot for the whole week and just do that,, trade like a Robot, you see an entry that meet your rules just " click the button".
This is a good suggestion, when I practice on market replay this weekend I'm going to do this and will probably carry it into next trading week.
  • #19,239
  • Edited 2:40pm Apr 29, 2016 1:50pm | Edited 2:40pm
Bah, why is the market trying to go up??? Dont they know I'm going down? lol Nobody likes Bulls especially this john bull

Attached Image (click to enlarge)
Click to Enlarge Name: Chart.png Size: 116 KB


Edit: I'm thinking it was a mistake to hold

Edit 2: Well that was a shit end to a week. -52 pips
  • #19,240
  • Apr 29, 2016 1:55pm Apr 29, 2016 1:55pm
Quoting jmezz
{quote} I vaguely remember Damian posting that complex corrections show that the traders which have been in control are weakening. So if order flow is bearish and then you start getting complex corrections, bears may be weakening. It would make sense to think if the 2nd leg of the complex correction picks up in momentum that the bulls are gaining in power. Anyone have any other ideas?
Oh shit sorry, I misinterpreted (https://www.google.ca/search?q=misinterpreted&spell=1&sa=X&ved=0ahUKEwiHl5brwrTMAhUW8GMKHbMxCMcQvwUIGSgA) your chart. I was looking at the legs down and that increase in momentum. The bigger swings and not the complex correction. lol
6 traders viewing now