Ratios & Harmonics: a Different Way to Trade

Quoting Masterrmind

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{quote} EU - logical thought process Very briefly as follows: 1. Breakdown in the bulls to continue taking price further up from the 1.06500 psych level (red upper horizontal line ... look left on my chart) 2. Almost a bearish rotation type candle (close enough in my book) 3. Followed by a doji and then very weak bullish action back up into structure showing that the bulls are not that keen to carry price much higher 4. Entered short on the back of a nice push by the bears to the downside (visual context) 5. Initially looking to short down closer...

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Quoting liemo

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{quote} Thanks for taking the time out to explain. Do you use orderflow and supply/demand? I can see orderflow to the upside and when you entered the trade it is in an area of demand ( I could be total wrong here), wouldnt you be concerned from this?

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Quoting Harmonic1976

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{quote} On the short term orderflow, it was a new structure low, but "selling" at the new structure low, especially if it's not the first one, is selling at retail and your risk would need to go above the recent high. Selling at the first NSL (immediate break of higher lows) can be interesting but even then there is usually a pullback before price continues downward. Since the new structure low is the worst possible place to go short really (risk reward wise), it's better to wait for a pullback of at least 50% retracement to give you a favorable...

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Quoting Masterrmind

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{quote} EU - logical thought process Very briefly as follows: 1. Breakdown in the bulls to continue taking price further up from the 1.06500 psych level (red upper horizontal line ... look left on my chart) 2. Almost a bearish rotation type candle (close enough in my book) 3. Followed by a doji and then very weak bullish action back up into structure showing that the bulls are not that keen to carry price much higher 4. Entered short on the back of a nice push by the bears to the downside (visual context) 5. Initially looking to short down closer...

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Quoting Tman72

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{quote} I see it, believe it or not I've been trading backwards. Well you can see it plainly, I think I'm trying to tie it together quickly so I can leave this job that sucks. That being said I am happy everyone has helped me see that selling at support. I knew as soon as I posted that chart I would see the errors of my ways. I cannot thank Mr Pip and everyone else for the lessons. I was getting tired of the trading made simple thread that was really loaded with indicators. I like the naked chart thing. I will slow down and try to soak this in....

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Quoting Mr. Pip

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{quote} Call me greedy but I want to see hundreds . The most I have ever seen the last time I was back posting was 103. I had never seen that before. It kind of blew my mind not I want to beat that and have my mind explode!

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Quoting jmezz

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{quote} Nice! Gotta love that 113 fade, especially when there are 2 sets of them {image}

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Quoting Mr. Pip

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{quote} Prior to starting I said this http://www.forexfactory.com/showthread.php?p=9272353#post9272353. My expectation was for a NSH I had to wait for that to try to complete. I have not spoken to you all about accumulation and distribution of orders as this is a skill I have been refining for some time.... I notice price accelerating into my profit target so I extended and was aggressive with my trail to lock in where I wanted to take profit and give the trade the option for more but that wasn't the case. I still was very please that...

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Quoting Wolves77

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bit random this, but anyone wondering about the difference between time and tick based charts, heres the current pa on E/U 3min chart and 233 tick chart. overnight action was condensed on the tick chart as expected but since the open they are almost identical, it's not always like this, but a lot of times there's really nothing in it. 3 min {image} 233 tick {image}

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Quoting Masterrmind

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{quote} I noticed quite a difference between Damians' EU tick chart and my M5 MT4 chart. Subtle and obvious differences including very different price levels. Issues like this could impact the way one trader views PA to how another trader views it. This was my impression anyway when I looked at both EU charts. Masterrmind.............

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Quoting Mr. Pip

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Bears are attacking looking to stop the pain. This is what I have at the moment. Bulls came in strong {image}

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