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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

  • #23,361
  • Jan 9, 2017 5:34am Jan 9, 2017 5:34am
Hi Mr Pip.

Hope you enjoyed your time off with your family over the festive season.

I have a few questions on my Analysis of AUD/USD, hope you can shred a few pointers if what I done is correct? thanks.
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  • #23,362
  • Jan 9, 2017 6:31am Jan 9, 2017 6:31am
Quoting liemo
Hi Mr Pip. Hope you enjoyed your time off with your family over the festive season. I have a few questions on my Analysis of AUD/USD, hope you can shred a few pointers if what I done is correct? thanks. {image}
If that is the swing you are looking at then yes, but.. the last swing did not reach a NSH due to the weak momentum(bull not strong) that is why we got a deep correction. If long is your expectation keep it until price close below you blue arrow. Just keep in mind there is not much strength to the upside currently.

Note: I would be waiting until price correct and hold at 7315 to confirm the break of the short term orderflow to the upside and trail aggreesively as there is not room to protect you trade or wait until it breaks out and hold. I expect it to turninto a range. hope this gives you insight. If not let me know
Empower Your Mind
  • #23,363
  • Jan 9, 2017 7:31am Jan 9, 2017 7:31am
Quoting x3m-PippiN
The start of this year has been very disappointing for me so far.... last week was in the red, this week is starting in the red.. 1 loss on 6E and 1 loss on 6J for total of 28 points (ouch) Both had made a three drive down ...expectation was for a deep correction and a NSL. (We got the deep correction and nice entry candles) Edit: The fib on the second chart isn't in right place(I put it there after I had entered). The main swing is a little smaller but I was looking at something else at the moment of the snapshot. {image} {image}
Is there any reason in particular you like trading fx futures? I feel as though the US indices offer a better PA experience.

6E - Not sure I'd be in a hurry to do anything after back-to-back expectation failures. Waiting til the harmonic pb would have given a slightly better positioning however I don't think I'd be trying to short that strength on the way up either.

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6J - Looks like you traded right into structure.

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  • #23,364
  • Jan 9, 2017 8:07am Jan 9, 2017 8:07am
Quoting jmezz
{quote} Is there any reason in particular you like trading fx futures? I feel as though the US indices offer a better PA experience.
I like trading fx futures because it moves during the European session and that way I trade the first half of the day. Chicago open is 4:30 pm my time and by then I'm not in my best mental state and the house gets crowded (distractions). I'm usually more on the spectating side during US hours and if something pokes out my eyes I pull the trigger.
  • #23,365
  • Jan 9, 2017 8:30am Jan 9, 2017 8:30am
Good morning Traders, got here a bit late so I won't be posting my pre market analysis but I will be posting my trades. I will also catch up after my session.
If you fail to plan, you plan to fail.
  • #23,366
  • Jan 9, 2017 8:36am Jan 9, 2017 8:36am
Quoting x3m-PippiN
{quote} I like trading fx futures because it moves during the European session and that way I trade the first half of the day. Chicago open is 4:30 pm my time and by then I'm not in my best mental state and the house gets crowded (distractions). I'm usually more on the spectating side during US hours and if something pokes out my eyes I pull the trigger.
I trade the FDAX for similar reasons. It moves pretty nicely imo, maybe you want to try it out.
  • #23,367
  • Jan 9, 2017 8:49am Jan 9, 2017 8:49am
I'm looking for shorts but need for price to get back to retest something around 846 or better. this is buying country.
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If you fail to plan, you plan to fail.
  • #23,368
  • Jan 9, 2017 9:00am Jan 9, 2017 9:00am
As inviting as this rotation is I'm going to be patient and wait to see if the bulls can do better. There was more buying pressure in the rotation candle then I would like to see. the next candle also indicates that there are still buyers in the area. I need more room to protect then this area is giving me and the risk is to big. Min stop placement has to be above 880 which is not favorable RR.
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If you fail to plan, you plan to fail.
  • #23,369
  • Jan 9, 2017 9:06am Jan 9, 2017 9:06am
Feels great being back reading the chart. I feel at peace and at home. I really miss this when I go on vacation with the family.
If you fail to plan, you plan to fail.
  • #23,370
  • Jan 9, 2017 9:20am Jan 9, 2017 9:20am
As stated earlier the bulls are still in the area and I showed you all how I was able to see this and also the need to get a better RR and area to protect the trade. The bears are accumulating orders and price imbalance should favor the bears. I still need a better area to short. I must be patient and understand that I might miss the opportunity and I will not take a trade on price's terms. It must come to me first.
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If you fail to plan, you plan to fail.
  • #23,371
  • Jan 9, 2017 9:24am Jan 9, 2017 9:24am
So far on YM: +14, +12, +8.5, +2. Nice day
  • #23,372
  • Jan 9, 2017 9:24am Jan 9, 2017 9:24am
Let's see if the bulls can come to my area of interest. It should be tough for them to get there and if they get their act together and pick up steam I will be cautious and enter with a smaller position size.
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If you fail to plan, you plan to fail.
  • #23,373
  • Jan 9, 2017 9:24am Jan 9, 2017 9:24am
Quoting evocpr19
So far on YM: +14, +12, +8.5, +2. Nice day
Way to go!!
If you fail to plan, you plan to fail.
  • #23,374
  • Jan 9, 2017 9:29am Jan 9, 2017 9:29am
While I'm waiting on price to go somewhere remember to mark your calendars Jan 18 is the live stream for this month come one come all. I hope we can get more people then last time.
If you fail to plan, you plan to fail.
  • #23,375
  • Jan 9, 2017 9:40am Jan 9, 2017 9:40am
The bulls are continuing to weaken even further and price might not get to my area of interest. Look at how the momentum has weakened in the last two attempts to buy off of the demand zone. Hopefully I can get a decent RR opportunity to get short. The white lines show momentum which is one of the gauges I use in order flow analysis I use as price comes toward an area of interest.
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If you fail to plan, you plan to fail.
  • #23,376
  • Jan 9, 2017 9:43am Jan 9, 2017 9:43am
We must be patient in these areas and not force an early entry with poor RR at the end of the day this area is an area of support and the expectation is for it to try to hold and that is what it is doing. We cannot get bullied into a trade.
If you fail to plan, you plan to fail.
  • #23,377
  • Jan 9, 2017 9:48am Jan 9, 2017 9:48am
The bulls woke up a little bit lets see if they have a bit more and test my zone. Understanding the context of time and space is a skill that if you develop will help you make better decisions and not force your trades. You may miss a few here and there but I'll take that over riding on the pain train any day.
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If you fail to plan, you plan to fail.
  • #23,378
  • Jan 9, 2017 9:48am Jan 9, 2017 9:48am
I would love to attend the Live Stream. What time will you be doing it?
  • #23,379
  • Jan 9, 2017 9:52am Jan 9, 2017 9:52am
See why we must be patient and have expectations. How powerful was this dialog today.
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If you fail to plan, you plan to fail.
  • #23,380
  • Jan 9, 2017 10:01am Jan 9, 2017 10:01am
Price got past the area of interest which is not a big deal for me as this only offers me a possible better RR opportunity. Let's see where the the rotation happens
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If you fail to plan, you plan to fail.
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