Edit:
Btw.. they are called points or ticks but not pips in the futures market. (OCD kicking really hard if i'm correcting people on the internet.)
"Ratios & Harmonics: a Different Way to Trade." Summary 37 replies
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Disliked{quote} Hello.. you have answered your own question. You choose which orderflow you are trading. Long term (bullish) or short term (bearish).Ignored
Disliked.....and i have been stopped out right away.... {image} You see, this "basic skill" is not basic at all...it becomes critical to employ straight away when you give your first blink at any chart... Withoud a really good working knowledge of this aspect you are just throwing dices.....and we are not here to play... Oh, sorry for my typos, and my far from perfect English !Ignored
Disliked.....and i have been stopped out right away.... {image} You see, this "basic skill" is not basic at all...it becomes critical to employ straight away when you give your first blink at any chart... Withoud a really good working knowledge of this aspect you are just throwing dices.....and we are not here to play... Oh, sorry for my typos, and my far from perfect English !Ignored
Disliked{quote} IMO your stop was a bit too tight. If you trade with tight stops you can re-enter later. I'm watching a AUDUSD 15m and price gave you a nice rotation but a little deeper than your initial entry point so you could have re- entered. I also used tight stops but I didn't like the fact that I was stopped out a lot (got me too emotional) so I'm always putting my stop below previous LH/HL. (or in your case previous NSH shown on my chart below) You also entered right when USD news were released which brings volatility. Edit: A little correction...Ignored
DislikedHey, Does this Bat pattern still valid? I doubt because it hasn't touched the PRZ for pretty long and there are ups & downs on its way to PRZ. {image} Or any patter becomes invalid only when the Fibo level is violated? Does time also play important role?Ignored
DislikedAUD/JPY {image} Entry isn't exactly ideal, but am expecting this structure to hold as support. Trade was based on the expectation of a NSH. Entry is due to demand at that level followed by candle spike.Ignored
Don't get me wrong your trade can very well work out. I'm just pointing out the weakness and the obstacles your trade has in front of it. Good luck with your trade! I hope it works out!
Disliked{quote} Your entry is not one I would have taken although the expectation is for a NSH there are certain facts that are a major cause for concern for me. The weak NSH would have me expecting a deep correction. That whole area above your entry appears to be an area of supply. As such longs will be eager to take profit in the area while others will bee looking for short opportunities. This will likely to cause price the drop easier then it would climb. This also adds value to the expectation of the deeper correction expectation. Strong selling volume...Ignored
DislikedGBP/USD {image} Entry due to an expectation of a NSH. The trade poses little risk due to short-term expectation being confluent with long-term expectation, and it's at structural support, based on horizontal line. And yes....I am over-trading.Ignored
Disliked{quote} Your ideal entry would have been closer to the HL at the bottom, now you're buying at retail and I think it is likely the market is going to take you out there because the bulls failed to make a NSH already and now is in a complex correction downward, they may try again but again your entry probably should have been the breakout area near your HL would have been your wholesale price.Ignored
DislikedAUD/JPY {image} Entry isn't exactly ideal, but am expecting this structure to hold as support. Trade was based on the expectation of a NSH. Entry is due to demand at that level followed by candle spike.Ignored