Ratios & Harmonics: a Different Way to Trade

Quoting stavrogijn

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I am long. Be+5 atm. {image} EDIT: Out for +13.

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Quoting Mr. Pip

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{quote} OK man I have to get the data feed I will take care of that later today and get you your chart. One of the issues is you are looking at a 3 min chart. Not a bad thing but. You have to understand that you have to trade the correct order flow. There is a correlation between time frame and order flow. I will explain this further in the post. Sorry for the delay. Lots going on here with family and Thanksgiving and Christmas decorations. Big ass mess LOL.

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Quoting wookey

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Hi gurus, Very good thread thank you. I am studing harmonic patterns and have a question regarding Gartley and some other patterns. The rules are interpreted differently by different observers. My main concern is retracement ratios. For example the Gartley pattern rules require that BC movement must be 0.382 or 0.886 retracement of AB. Some consider this a strict OR with nothing in between, but others are taking the whole range from 0.382 to 0.886. May be someone has clarifications? Is there a correct interpretation or people successfully use both?...

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Quoting Masterrmind

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AUDUSD [M5 Chart] {image} Possible trade setting up but be very aware of the current showing by the bears. I could quite easily go long or short. If I enter I'll post it. Observation only at this stage. ps. took a few pips out of EU just before but nothing spectacular. Masterrmind............

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Quoting Masterrmind

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{quote} AU {image} Long entry. Caution needed as this trade could be closed out suddenly if that mini-S level gives way. ps. if the PA gives me the slightest reason to close it out I will close it out. Masterrmind............

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Quoting x3m-PippiN

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6J 89 volume chart Currently looking at this. Long term expectation is a NSL (not shown on chart) but short term is a NSH. I would like to see a deeper retracement since this is the first NSH. The bulls and the bears had a strong fight at the 50% fib. (yellow) but the bears were pushing strong to the downside so i'm going to wait for at least a 61.8% retracement. {image} Edit: And price went on to produce a NSH without me. Now we wait for the next opportunity {image}

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Quoting x3m-PippiN

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Took profit at structure. +20 ticks Will upload a chart later to see if I should have held on to it a little longer. {image} Edit: Price did reach my original profit target. {image}

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Quoting Masterrmind

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{quote} AU - closed out. +7.1 pips. {image} Masterrmind.............

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Quoting jmezz

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{quote} {quote} Nice job guys!

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Quoting jmezz

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{quote} JMO {image}

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Quoting Sakeplz

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NZD/JPY {image} This is a risky trade since it's going against a long-term expectation for a NSH. Reason for the trade is after the candle spike, the bull fail to follow through and bring price up that level. Instead there was a weak pullback in price follow by a rejection candle and ended up with a bearish engulfing candle, target would be at the structure marked by the red horizontal line.

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