Ratios & Harmonics: a Different Way to Trade

Quoting mansan

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{quote} Awesome! I'm learning so much from you and the other traders here. Took this trade on EURUSD today(DEMO) and was testing exit using trailing price(need to work on that also). {image}

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Quoting Mr. Pip

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I'm going to work on migrating my yout tube channels to have the videos in one place and delete the older ones if needed. That way it can be organized better. I have to learn how to do it first. Lol. I will figure it out. I think I'm up to date on the thread. Again if I have skipped anything important re post it and I will answer it. I'm not home now I'm stuck in nasty Miami traffic. It moves like the YM moved yesterday.

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Quoting evocpr19

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{quote} Hope that you have good music on board.

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Quoting Mr. Pip

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I'm going to work on migrating my yout tube channels to have the videos in one place and delete the older ones if needed. That way it can be organized better. I have to learn how to do it first. Lol. I will figure it out. I think I'm up to date on the thread. Again if I have skipped anything important re post it and I will answer it. I'm not home now I'm stuck in nasty Miami traffic. It moves like the YM moved yesterday.

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Quoting Mr. Pip

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{quote} Look to protect your trade at the test of structure and look for the 127 to lock in more profit. Follow my example from today it's how I manage almost every trade and it gives the market the room it needs to allow the expectation to play out. Being too aggressive will often take you out leaving more the. You want to on the table. Be mechanical about how I was. Don't do anything unless a condition in your rules has been met by price.

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Quoting Dfn

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Any thought on this setup? {image} My Reason: Blue line is a S/R zone to the left. Order flow is bearish Price retrace to 50% of Fibo. I expect an AB=CD. My Doubt: Will you wait until 1.27 of FE to OP or now? Yellow line is another major S/R. But it seems I have some room to move to get some pips Hope to hear your opinion! Thank you

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Quoting Masterrmind

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EURAUD [M5 Chart] {image} I tend to mark in the psych levels such as 000 and 50 price levels but they do not necessarily mean all that much unless price has interacted with them in which case I take a lot of interest in them. I'll be trading this pair for the rest of the day but might also trade GJ depending on frequency of setups. ps. I rejected GA, GN due to their somewhat nasty spread which can mean negative 4-5 pips before you even start trading ... no thanks! Masterrmind...........

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Quoting Masterrmind

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{quote} EA {image} Opportunity is knocking ...... Aggressive short on the cards but I'll observe for the time being because I want to give it some time to see if the bulls come back in..... I'm looking to short the pair from the 1.44900 level but lets see how PA unfolds. Masterrmind...........

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Quoting Masterrmind

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{quote} EA {image} Very tempting to go short for a few pips but I'll resist for the time being as there really is not that much room to the DO line (about 7 pips from current price levels). {image} I will patiently wait for a better setup to unfold ....... Masterrmind............

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Quoting Masterrmind

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{quote} EA {image} My expectations and how I'd like to see PA unfold (roughly as outlined on the chart). It is now a case of waiting. If price breaks down lower before hitting my preferred levels then its a case of readjusting my expectations and looking for setups that fit with how PA actually unfolded. Note: Aware that bulls have been rather aggressive in buying up the currency from the 1.44670ish level however on further attempts the drive up the chart by the bulls has been of a reducing magnitude. I read this as meaning the bulls are possibly...

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Quoting Masterrmind

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{quote} EA {image} Notice how my preferred shorting zone also falls within the 50 to 618 Fibs (which is also just below the 1.45 handle) of the pullback from the most recent leg down. Even if I started drawing the Fib from the swing high to the left its only about a 3-4 pip difference so the impact is minor. Having said this I would still draw the Fib from the most recent significant swing high as it is shown on the chart. I'm always aware that price can keep pushing up higher beyond this 50 to 618 Fib zone which means I need to make the best assessment...

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Quoting Masterrmind

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{quote} EA {image} Expectations have been met (or very close to it). Now I'll zoom into the PA and wait for signs of the bulls starting to tire and the onset of bearish intent. Decision time is fast approaching. Masterrmind...........

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Quoting Masterrmind

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{quote} EA Now short. {image} Note: If the bulls look to come back in with force I may close out the trade early and look to short from a higher level. Masterrmind...........

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Quoting Masterrmind

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{quote} EA {image} Bears showed some intent initially but the bulls came back with strength and have driven price higher. Stop and TP adjusted to allow more room for the trade to breathe. However, I will be keeping a close watch on the PA and may end up closing it out earlier than the new 40 pip stop that has been applied. Masterrmind...........

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Quoting Masterrmind

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{quote} EA {image} Still holding in there. Zoomed out analysis and the final adjustments on this trade. Next update will be either some profit taken, full TP hit or trade stopped out. Trading minimal lot size (2 lots) here compared to my normal volume so risk has already been accounted for on this setup. Bears will make a full stand shortly and PA will drive down the chart in spectacular fashion! Masterrmind...........

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