Ratios & Harmonics: a Different Way to Trade

I may have to make a decision at 980

Bears trying to come in early I don't like that but have to be patient with it I guess. If price looks like shit at 980 I might take profit or go to breakeven for sure.

My trade is weakening the bears are fighting my bulls and weakening them. I have to suck on this and see who prevails the grind. The bears have advantage unfortunately. But it is a bull market so lets see if the bulls can get their shit together.

No change still treading water +7 at the moment. Just being patient which is the hardest thing to do sometimes. I have gotten a lot better at it lately.

I might just take profit at 980 if price can get there. the bears are attacking again there is lots of weakness. Now my trade is looking like crap again as I type it goes back and forth. Let's go bulls! Defend your territory like you life depends on it.

The bears have thrown a bolder at the bulls but the bulls are trying to throw it back what a fight. It's like a UFC fight. I love it.

OK was able to get to a risk free position. My patience is paying off. Locked in 5 points lets see how much we can get out of this. Nice difficult trade for all of you to enjoy.

Went long again when bulls picked up steam. Got a bad fill. Now aiming at short term 1:1 for break even point.



EDIT: Went BE+2. - Out BE+2.

Locking in 10 looking for 980 to hold but it may be tough. I'm pleased so far have to give room for the expectation to play out so I'm trailing on short term structure

YM +4, -9 = -5 for today.

Taking small loss home, this PA is trash.

Notes on chart.

Okay I got taken out at +10 it looks like I may be looking to changes teams here pretty soon. I thinks I was fortunate to take 10 on that trade.

Mr.Pip what currency pair are you trading?

The market does indeed suck today we are in a tight range and although the expectation is for a NSH, I believe at this point the bears have the advantage in taking price lower. I'll be looking for shorts around 980 through 990. If price gets there.

I wish there was more action to speak of but the market really sucks today. Hopefully she will wake up soon. I'm favoring selling opportunities at the moment but price would have to climb before I would even consider taking on the risk.

between fib 61.8 and 78.4 would be the 1:1 harmonic move down. Moreover, there is structure. Maybe a point to go long, if price comes down.

Well it looks like I was correct about imbalance favoring the bears they just had too much accumulated. Looking for shorts not sure where but perhaps around 970. It's a very tough area with no history.

ended up with profits but still need more practise,..

The only structure to the left is where previous market highs were 917 area. will price test that area? It most certainly can. This is too early for me to short RR is not there and no room to protect my trade.

Very boring market today.

This has been very first day testing out the dow too ha