Ratios & Harmonics: a Different Way to Trade

Quoting Masterrmind

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{quote} Yes you might get a better ride down from here. I'm in and out for a handful of pips. {image} Time for rest. Masterrmind............

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Quoting Masterrmind

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{quote} EU {image} Whoever held on to take this ride to the expected TP zone would have done very nicely indeed. Pity I missed it but probably would not have stayed in it for the whole trip down in any case. Always nice to see what could have been. Far better to say you took >70% of that down move. Lets look for another setup! Masterrmind...........

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Quoting kaizeris

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Biggest respect to Mr.Pip. Found Harmonics only week ago. At this moment only reading and study. Still millions questions, but maybe later Only one: any one know tick charts for mt4?

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Quoting Masterrmind

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{quote} EU {image} Would like to see price push up to my PRZ zone and then I'll look to short this pair. Longer term OF is clearly to the downside (zoom out and have a look around and you'll see it) Anything can happen in between now and then so its a waiting game for me. Most likely I'll look at another setup on a different pair or index whilst the EU makes up its mind. Masterrmind............

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Quoting Harmonic1976

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{quote} Good to know I'm at least seeing the same trades as someone else, I already have my order in for that prz and I'm currently riding the trend up to the AB=CD completion

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Quoting Masterrmind

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{quote} Just remember though that a lot of water has to pass under the bridge before its decision time. I won't be setting any pending orders until I see what PA does if it makes it to my PRZ zone. I always need to see some strong bearish intent from the PRZ zone before I nail the short entry. Masterrmind.............

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Quoting Harmonic1976

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May have missed it by 2 pips!!! Looks like a gartley and ab=cd but missed ab=cd completion {image}

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Quoting Masterrmind

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{quote} Certainly possible to miss it by a few pips. What I'm looking for now is an extra push by the bulls to test the most recent high and then for price to fall away. If this happens I gain more confidence and will short it. If this doesn't happen then I'll have to make alternative decisions such as wait longer, enter now or sit on the sidelines. I'm after high probability setups. Decisions are always so much fun! Masterrmind.............

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Quoting Masterrmind

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{quote} EU {image} As noted previously I mentioned I'd like to see a retest of the most recent highs. This is now coming into being. Next stage is to monitor PA and see where price might be headed. Then if its a short bias simply look for a sign of bearish intent to the downside. Zooming in to short term order flow. {image} Just because current expectations are being fulfilled does not necessarily mean that a high probability trade will result .... patience! It does however suggest that we might be on the right track for an ideal entry. Lets see!...

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Quoting Harmonic1976

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I'm in, price failed to push higher and the previous high and closed lower than the previous candles low (rotation). Although my original entry would have been near perfect, I can understand confirmation and trying to learn to be more patient with trades. Mostly the exit, but it is probably better to be patient on entries as well. I'm not trading the amount of lots/contracts that you all are but if I were, I'd probably want more confirmation also!! {image}

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Quoting Masterrmind

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{quote} EU {image} Now short. SL will be tightened if trade progresses favorably. TP currently set just above the DO line but may be extended once (or if) profit has been locked in. Note: quite reasonable to expect the bulls to come in again and drive price back up to retest recent highs so lets see what happens. Masterrmind...........

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Quoting Masterrmind

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{quote} Yes don't get too hung up about the size of lots some of us trade. Its the quality of the entries and exits that are far more important. I tend to post before the fact and sometimes the trade history so its far more real. Masterrmind............

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Quoting Masterrmind

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{quote} EU {image} Once 10 pips is reached I'll look to lock in the stop at BE+2 pips. Although I have slowly started to reduce the risk. Masterrmind............

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Quoting Mr. Pip

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First Trade +20 {image}

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