US30 -89T
Lots of opportunity but I only took 1. Held thru alot of pain. It helped that I was in a meeting for this one
Lots of opportunity but I only took 1. Held thru alot of pain. It helped that I was in a meeting for this one
"Ratios & Harmonics: a Different Way to Trade." Summary 37 replies
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DislikedHello everybody, First I would like to say that I've been following this post for the past three weeks. I have read every post, watched every video and saw every response from everybody here. I'm US Air Force active duty with 16 years of service. As I'm coming down to the last leg of my military career I always wondered what I was going to do after retirement. I've been so focused reading this thread that even my wife was getting mad at me because I'm supposed to be studying for promotion for E-7 (MSgt). I bumped into binary options about 6 months...Ignored
Disliked{quote} Here is a link to all of them in the gdrive (https://drive.google.com/open?id=0Bw3HN3otAEYvS3Z2cmxvb3lWMFE). You can download by zip i guess. Hope this helps. Cheers.Ignored
DislikedLittle pop quiz for everybody How would you label the short term orderflow in the circle? Don't mind the PA before the circle. The 1:1 projection is between the two questionable NSHs. After the first yellow NSH price retraced to the 38.2% level and then continued to make the orange NSH. Do you think the correct NSH is the yellow or is it the orange NSH . If it's the orange than the pullback is considered part of the leg. This is a CL 610 volume chart. Edit: when I shrink the candles the orange NSH looks obvious but when I expand the candles...Ignored
Disliked{quote} It's been a while since we've done a pop quiz in here, we should bring those back regularly. But I'm not really sure what you're asking. What do you mean by 'correct NSH?' Do you mean the correct NSH that you'd use for the 1:1 target? Or do you mean which NSH would validate the order flow change on the short term?Ignored
Disliked{quote} Well I really didn't make it very clear, did I? Let me try again.. which NSH is better to choose so you can asses the strength of short term orderflow? Or at least that's what I'm trying to do.. If it's the yellow NSH than followed by the orange NSH we can see that we have an increased projection and increased depth going from the yellow NSH to the orange. But if we take the orange leg up and don't take into account the yellow (cause it's part of the orange) than we can't assess the strength. I hope I'm explaining it correct.Ignored
Disliked{quote} This is after the fact btw. If you are in the middle of this price action and current price has just made that yellow NSH then you will have to include that in your analysis because it's all you have at the moment. Does that make sense?Ignored
Disliked{quote} But if you get to a point and you are confused on things then the clear best choice is to just sit on hands and wait until things make sense again.Ignored
DislikedHello everybody, First I would like to say that I've been following this post for the past three weeks. I have read every post, watched every video and saw every response from everybody here. I'm US Air Force active duty with 16 years of service. As I'm coming down to the last leg of my military career I always wondered what I was going to do after retirement. I've been so focused reading this thread that even my wife was getting mad at me because I'm supposed to be studying for promotion for E-7 (MSgt). I bumped into binary options about 6 months...Ignored
DislikedLittle pop quiz for everybody How would you label the short term orderflow in the circle? Don't mind the PA before the circle. The 1:1 projection is between the two questionable NSHs. After the first yellow NSH price retraced to the 38.2% level and then continued to make the orange NSH. Do you think the correct NSH is the yellow or is it the orange NSH . If it's the orange than the pullback is considered part of the leg. This is a CL 610 volume chart. Edit: when I shrink the candles the orange NSH looks obvious but when I expand the candles...Ignored
Disliked{quote} Well I really didn't make it very clear, did I? Let me try again.. which NSH is better to choose so you can asses the strength of short term orderflow? Or at least that's what I'm trying to do.. If it's the yellow NSH than followed by the orange NSH we can see that we have an increased projection and increased depth going from the yellow NSH to the orange. But if we take the orange leg up and don't take into account the yellow (cause it's part of the orange) than we can't assess the strength. I hope I'm explaining it correct.Ignored
Disliked{quote} It makes perfect sense. When I got to the charts price had just formed the orange NSH and I was expecting a shallow PB because of the decreased depth after the yellow NSH and increased projection to the orange NSH. However price made a deeper than expected PB on a strong bearish bar and that's when I thought that we are probably in the orange leg and not the yellow one. Btw I wasn't looking for a trade just observing. I also tend to get caught up in short term orderflow and not being patient for the bigger picture to form. {quote} I wasn't...Ignored
DislikedHi Mr Pip and team I took a long as you can see from the up arrow but my entry was not that good. My expectation is for a NSH as per black line. {image}Ignored
DislikedMr Pip How would you label this one? Is it a NSH or just a retest of the previous high? {image}Ignored