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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

  • #23,461
  • Jan 10, 2017 7:03am Jan 10, 2017 7:03am
Bar by bar tells me there are buyers around here
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If you fail to plan, you plan to fail.
  • #23,462
  • Jan 10, 2017 7:05am Jan 10, 2017 7:05am
Quoting Mr. Pip
{quote} Nice work
Thank you sir!

If we come close to the 880's today I'm going to slap myself haha.
  • #23,463
  • Jan 10, 2017 7:07am Jan 10, 2017 7:07am
Short
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If you fail to plan, you plan to fail.
  • #23,464
  • Jan 10, 2017 7:07am Jan 10, 2017 7:07am
YM

Making a case for the 382check

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  • #23,465
  • Jan 10, 2017 7:15am Jan 10, 2017 7:15am
So far the bears have not turned on the force maybe I'm early on my entry I planned for that be entering with 4 contracts and possibly an opportunity to add to the position.
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If you fail to plan, you plan to fail.
  • #23,466
  • Jan 10, 2017 7:15am Jan 10, 2017 7:15am
Quoting Mr. Pip
A better buying area would be around 755 where the larger ABCD completes. {image}
Hi Damian, when you have time would you mind going over how you draw your zones or dupply/deman areas. They appear quite large to me and due to this at times your trades give the impression you are shorting right into support or go long right into resistance. However, this was more obvious on some of your trades last year.
  • #23,467
  • Jan 10, 2017 7:19am Jan 10, 2017 7:19am
Quoting crixus
{quote} Hi Damian, when you have time would you mind going over how you draw your zones or dupply/deman areas. They appear quite large to me and due to this at times your trades give the impression you are shorting right into support or go long right into resistance. However, this was more obvious on some of your trades last year.
Sure, today they are larger then I usually use and would like them to be but sometimes that's how they end up. I try to adjust them as the session progresses. I will cover it though no problem.
If you fail to plan, you plan to fail.
  • #23,468
  • Jan 10, 2017 7:21am Jan 10, 2017 7:21am
Quoting Mr. Pip
Short {image}
Just came home, I am long; Entry protected


Update: Taken out for +7.5
  • #23,469
  • Jan 10, 2017 7:26am Jan 10, 2017 7:26am
Let's go bears. I don't like the bulls still trying but it is what it is. There are still some buyers in the bar by bar
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If you fail to plan, you plan to fail.
  • #23,470
  • Jan 10, 2017 7:28am Jan 10, 2017 7:28am
I will try to enter long, if price comes a bit down
  • #23,471
  • Jan 10, 2017 7:28am Jan 10, 2017 7:28am
YM

Less momentum on this leg. Harmonic PB above tough R at 816 and right around 382 but if price can't take out the open then lower should come.
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  • #23,472
  • Jan 10, 2017 7:32am Jan 10, 2017 7:32am
Price explosion.

Well price took out the open and checked the 382 / harmonic pb
  • #23,473
  • Edited 8:11am Jan 10, 2017 7:32am | Edited 8:11am
Took a fib reversal trade off of the 161.8 and buyers TP near 61.8 will may look for an opportunity if it retests the 61.8.

I usually don't take counter trend trades, but looking at the PRZ trades by you guys motivated me.
+1R

As you can see price will push up into a level to trade it in opposite direction many times.

i am also looking how price responds to blue median line.

Updated
Potential new 6R setup. Would be going against 1h however, we will see.
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #23,474
  • Jan 10, 2017 7:33am Jan 10, 2017 7:33am
I came to late and did not leave a lot room for price. Would have been a nice bounce up.
  • #23,475
  • Jan 10, 2017 7:34am Jan 10, 2017 7:34am
Ok I have adjusted my stop to the appropriate place and Also my Profit target as well. Imbalance should favor the bears but at the moment the buyers are still buying. I believe this will come down to at least the blue line. If that happens then I will evaluate the an early exit or aggressive BE. This trade is not going well.
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If you fail to plan, you plan to fail.
  • #23,476
  • Jan 10, 2017 7:38am Jan 10, 2017 7:38am
Still hanging in there the market should find sellers around here or slightly higher in the low 830.
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If you fail to plan, you plan to fail.
  • #23,477
  • Jan 10, 2017 7:47am Jan 10, 2017 7:47am
Still hanging around here waiting for the bears to come in and help out. Nothing to do but be patient and if it is a loss next if the trade turns in favor we will decide on if a rescue mission is the thing to do or if price will move to the expectation. What I decide to do will depend on how the bears come in. Right now it looks ugly.
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If you fail to plan, you plan to fail.
  • #23,478
  • Jan 10, 2017 7:49am Jan 10, 2017 7:49am
The bears should have never allowed the bulls to get there. I will to see how to rescue the trade. The low 830s should find sellers. Might add there to get a better averaged in entry and get out of it.
If you fail to plan, you plan to fail.
  • #23,479
  • Jan 10, 2017 7:50am Jan 10, 2017 7:50am
Quoting Mr. Pip
Still hanging around here waiting for the bears to come in and help out. Nothing to do but be patient and if it is a loss next if the trade turns in favor we will decide on if a rescue mission is the thing to do or if price will move to the expectation. What I decide to do will depend on how the bears come in. Right now it looks ugly. {image}
I am short now
  • #23,480
  • Jan 10, 2017 7:51am Jan 10, 2017 7:51am
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