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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

  • #21,941
  • Edited 5:32am Nov 30, 2016 2:10am | Edited 5:32am
Quoting Mr. Pip
{quote} Hello Friend, I think you may be getting way ahead of yourself. I mean no disrespect but it appears to me like you are looking to run before you learn to walk. You question is very basic which tells me that you do not understand some basic in order flow or harmonics that have been covered here in this thread I also made a video specifically on a Bat pattern. It's on youtube here is the link. https://www.youtube.com/watch?v=2iNMxabQj_s I ask you to fully understand the fundamentals first before you risk any capital. I will not...
Hello Mr. Pip,

Thank you so much for the video.
I don't mind with your answer. It really opens my eye.

I think I will start watching your video and start reading from the beginning.

From the video,
I realize my mistake
1. It seems I don't consider about the Order Flow as on your video, my AU setup is against the Trend.
2. The X point should be the Swing
3. What I learn, it's better to identify the Trend on the higher TF and try to find a Pattern in lower TF that follow the higher TF trend. Do I get it correctly?

Look forward to stay here for long time

Thank you!

Update:

Get a Bullish Bat Pattern on the lower TF of AU.

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Some reasons:
1. Higher TF show a bullish trend.
2. The X leg is a Higher High (Could it be considered as Swing?)
3. There is a lower low on the left side.

Do my reasons is strong enough?
Please correct me if there is something missing or wrong.

Thanks!
  • #21,942
  • Nov 30, 2016 8:08am Nov 30, 2016 8:08am
Looking over YM trade from yesterday looks like I totally mis-traded this one as well.

Second trade I shorted right into demand / structure / 618 / long term 50 / 1:1 completion / harmonic correction after a 5w down.

Very dumb.

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  • #21,943
  • Nov 30, 2016 8:12am Nov 30, 2016 8:12am
Quoting jmezz
Looking over YM trade from yesterday looks like I totally mis-traded this one as well. Second trade I shorted right into demand / structure / 618 / long term 50 / 1:1 completion / harmonic correction after a 5w down. Very dumb. {image}
Don't beat yourself up my friend, we can't always be laser sharp. Next!
If you fail to plan, you plan to fail.
  • #21,944
  • Nov 30, 2016 8:13am Nov 30, 2016 8:13am
GM Traders,

After what seems like an eternity I'm excited about the opportunities the market will offer today. Let's see if we can capitalize on them. Who's up for some trading?
If you fail to plan, you plan to fail.
  • #21,945
  • Nov 30, 2016 8:20am Nov 30, 2016 8:20am
Quoting x3m-PippiN
{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...
To finish the topic... price just closed below previous NSL. It retested previous high which isn't very surprising considering the big bull candles and the expectation for a deep PB. Now you can see how the bears entered at the retest with big bearish bars all the way to the NSL.
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  • #21,946
  • Nov 30, 2016 8:22am Nov 30, 2016 8:22am
Hi Mr. Pip.. Guy's

I thought about taking a long trade this morning UK time but decided to wait for all the action at the NY open!

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  • #21,947
  • Nov 30, 2016 8:33am Nov 30, 2016 8:33am
Well we have an over extended market that is very bullish. We are at all time high in no mans land so looking to the left does no good other then to the immediate. Expectations since this market although should be overbought is for a shallow corrections and a NSH. We will see how it unfolds. We should experience periods of volatility today with fundamental information hitting us throughout the day and crude inventories at 10:30.
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If you fail to plan, you plan to fail.
  • #21,948
  • Nov 30, 2016 8:42am Nov 30, 2016 8:42am
Initial expectations have played out with a shallow correction and the NSH. Hunting for longs around 19190-19183 area.
If you fail to plan, you plan to fail.
  • #21,949
  • Nov 30, 2016 8:52am Nov 30, 2016 8:52am
Damian

Do you move where your fib's start up to NHL at 19170 or just move the high higher?

Alex
  • #21,950
  • Nov 30, 2016 8:55am Nov 30, 2016 8:55am
Quoting Troonman
Damian Do you move where your fib's start up to NHL at 19170 or just move the high higher? Alex
I move the whole thing unless I have a pattern completion and I have to do an AD or XD
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If you fail to plan, you plan to fail.
  • #21,951
  • Nov 30, 2016 8:58am Nov 30, 2016 8:58am
Long the market.
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If you fail to plan, you plan to fail.
  • #21,952
  • Nov 30, 2016 9:03am Nov 30, 2016 9:03am
Bears putting up a fight let's see if the bulls can take the bear's intent here.
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If you fail to plan, you plan to fail.
  • #21,953
  • Nov 30, 2016 9:12am Nov 30, 2016 9:12am
Doing a bit better now bulls came in looks like my timing was a bit off.
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If you fail to plan, you plan to fail.
  • #21,954
  • Nov 30, 2016 9:19am Nov 30, 2016 9:19am
Back in trouble I'm expecting the bulls to come in again but looks bad at the moment.
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If you fail to plan, you plan to fail.
  • #21,955
  • Nov 30, 2016 9:20am Nov 30, 2016 9:20am
Stopped out.

Next
If you fail to plan, you plan to fail.
  • #21,956
  • Nov 30, 2016 9:26am Nov 30, 2016 9:26am
Well the bears got me so I'm switching teams looking for shorts now as all indication appear to that the bears strengthening.
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If you fail to plan, you plan to fail.
  • #21,957
  • Nov 30, 2016 9:27am Nov 30, 2016 9:27am
10:22 hrs, Target Hit. I'm out of the market for the rest of the day, Trade well!



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  • #21,958
  • Nov 30, 2016 9:35am Nov 30, 2016 9:35am
Ok I'm short. the rotation was expensive but it is what it is. I would have preferred an entry around 19187 but had to take this one instead. Let's see if this one works out.
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If you fail to plan, you plan to fail.
  • #21,959
  • Nov 30, 2016 9:36am Nov 30, 2016 9:36am
Quoting rocky
10:22 hrs, Target Hit. I'm out of the market for the rest of the day, Trade well! {image}
Nice work Rocky stay well.
If you fail to plan, you plan to fail.
  • #21,960
  • Nov 30, 2016 9:43am Nov 30, 2016 9:43am
Price hit the area I initially was interested in but looks like I'm residing on the pain train today. No big deal! I am following my process and rules so the outcome does not matter. No emotions in my trading.

When I enter a traded I have already accepted it as a win or a loss. If I get a win awesome. If I get a loss its next.
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If you fail to plan, you plan to fail.
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