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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

  • #21,401
  • Nov 17, 2016 7:02am Nov 17, 2016 7:02am
Quoting Masterrmind
{quote} EA - grabbed a few pips. {image} Masterrmind...........
EA

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Short this time for a few more pips.

They all add up.

Masterrmind.........
Master your Mind then Master your Trades
  • #21,402
  • Nov 17, 2016 7:10am Nov 17, 2016 7:10am
Quoting Sakeplz
USD/JPY 15 MIN {image} Reason for trade is because price had made a NSL and is pulling back to the Fibonacci level of .618. There is a high probability this trade would work out due to a weak pullback up to .618 and bearish momentum seem to be stronger at the moment. SL would be at the LH and target would be slightly up the red horizontal line.
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Unfortunately, my trade got stop out.
  • #21,403
  • Nov 17, 2016 7:21am Nov 17, 2016 7:21am
Quoting Sakeplz
{quote} {image} Unfortunately, my trade got stop out.
You and me both, a bad morning, 47 down right now.
  • #21,404
  • Edited 8:25am Nov 17, 2016 7:37am | Edited 8:25am
EURUSD long after the news.
between 61.8 and 78.6 fibs. with a quick eye for any quick change!

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Edit: Price overshot much lower than anticipated. Now bounced back

Edit 2: 14.20 GMT price stuck around the entry point +5 pips
Finally closed out for +4 Don't want to be in any more with more news at 3
  • #21,405
  • Nov 17, 2016 8:14am Nov 17, 2016 8:14am
Quoting morph
EURJPY Entered on Gartley pattern (Is this correct?) @116.93 Already at BE {image} Edit. 8.25 am Closed out at 61 fib extension for a 1.7% gain
I'm glad this worked out for you but that is not a Gardley Pattern. That is more of a Gardley forced into price action. The anchor leg must be off of a clear high or low. This is the XA leg.
If you fail to plan, you plan to fail.
  • #21,406
  • Nov 17, 2016 8:19am Nov 17, 2016 8:19am
Quoting Mr. Pip
{quote} I'm glad this worked out for you but that is not a Gardley Pattern. That is more of a Gardley forced into price action. The anchor leg must be off of a clear high or low. This is the XA leg.
Ahhhh! I get it so there should have been a clear run up of a low to the first high before the pattern began. I got in on a minor "blip" so got away with it a little.
Many thanks
  • #21,407
  • Nov 17, 2016 8:39am Nov 17, 2016 8:39am
This is my first trade of the day. Lets see what happens.
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If you fail to plan, you plan to fail.
  • #21,408
  • Nov 17, 2016 8:42am Nov 17, 2016 8:42am
The bulls are still around here but I expect this area to hold. There is good structure at 18060 but the bears need to show more then they are right now.
If you fail to plan, you plan to fail.
  • #21,409
  • Nov 17, 2016 8:48am Nov 17, 2016 8:48am
Well the Bears are struggling a bit here lets see if they can collect enough orders to create the imbalance I'm looking for.
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If you fail to plan, you plan to fail.
  • #21,410
  • Nov 17, 2016 8:53am Nov 17, 2016 8:53am
For those of you who have not seen the post mark your calendars December 15, 2016 at 0915 Eastern Time will be a live trading stream. This gives everyone plenty of time to make arrangements with work and life. Tell the whole world I would like to see a ton of people there.
If you fail to plan, you plan to fail.
  • #21,411
  • Nov 17, 2016 8:58am Nov 17, 2016 8:58am
The trade is not doing well bears are really struggling at the moment.
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If you fail to plan, you plan to fail.
  • #21,412
  • Nov 17, 2016 9:04am Nov 17, 2016 9:04am
The Bears have woken up a bit here but they need to do more.
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If you fail to plan, you plan to fail.
  • #21,413
  • Nov 17, 2016 9:05am Nov 17, 2016 9:05am
We need the bears to trade below 840 to make me want to hold on to this.
If you fail to plan, you plan to fail.
  • #21,414
  • Nov 17, 2016 9:11am Nov 17, 2016 9:11am
doing a bit better here.
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If you fail to plan, you plan to fail.
  • #21,415
  • Nov 17, 2016 9:14am Nov 17, 2016 9:14am
Risk free trade.
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If you fail to plan, you plan to fail.
  • #21,416
  • Nov 17, 2016 9:20am Nov 17, 2016 9:20am
Quoting Mr. Pip
Risk free trade. {image}
Could you please explain the imbalance part ?

Before that I was long and has been taken out by the massive wicks for +8
  • #21,417
  • Nov 17, 2016 9:20am Nov 17, 2016 9:20am
Locked in ten point good demand area. and expectation of a NSH has weakened big time
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If you fail to plan, you plan to fail.
  • #21,418
  • Nov 17, 2016 9:22am Nov 17, 2016 9:22am
Out for +11 next
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If you fail to plan, you plan to fail.
  • #21,419
  • Nov 17, 2016 9:24am Nov 17, 2016 9:24am
Quoting evocpr19
{quote} Could you please explain the imbalance part ? Before that I was long and has been taken out by the massive wicks for +8
Yes but not right now I will make a video on it.
If you fail to plan, you plan to fail.
  • #21,420
  • Nov 17, 2016 9:25am Nov 17, 2016 9:25am
Quoting Mr. Pip
{quote} Yes but not right now I will make a video on it.
sure, thank you.
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