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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

  • #23,621
  • Jan 13, 2017 9:17am Jan 13, 2017 9:17am
Eur 5min

Price dropped at 78.6 and 161.8 confluence and top of the median line. Lets see if any retrace can happen for entry on the large drop down.
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #23,622
  • Jan 13, 2017 9:19am Jan 13, 2017 9:19am
There is definitely buyers and interest at this level of 850 as you remember I pointed it out prior to the open as a bevel that the bulls needed to get past and the bears needing to defend. This is what is happening now. Can the bulls get to the area of interest. RR is not good to short here and the expectation is a NSH so have to be patient.
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If you fail to plan, you plan to fail.
  • #23,623
  • Jan 13, 2017 9:23am Jan 13, 2017 9:23am
There could be buyers at around 815
If you fail to plan, you plan to fail.
  • #23,624
  • Jan 13, 2017 9:27am Jan 13, 2017 9:27am
Harmonically speaking we have XA, AB of a Gartley at the moment or ABC of an ABCD the bulls look too shitty to take the aggressive C buy
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If you fail to plan, you plan to fail.
  • #23,625
  • Jan 13, 2017 9:27am Jan 13, 2017 9:27am
Great to be live with you guys!

Watching the pa...
  • #23,626
  • Jan 13, 2017 9:36am Jan 13, 2017 9:36am
Quoting jandarana
Great to be live with you guys! Watching the pa...
Good to have you. Not a lot of action today I hope you don't get bored.
If you fail to plan, you plan to fail.
  • #23,627
  • Jan 13, 2017 9:40am Jan 13, 2017 9:40am
I can't justify getting short before 850 as we are close to better buying territory. I may consider a long in the teens. We will see what price tells us other then the both are committed to stopping with other. Imbalance would probably favor the bears but we still see buying interest.
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If you fail to plan, you plan to fail.
  • #23,628
  • Jan 13, 2017 9:40am Jan 13, 2017 9:40am
YM +10.

Yeah this pa sucks.

Took a long off the open and closed out for 10 when I saw it reversing. Didn't let it run, and also chickened out of the short. Was expecting a more harsh rejection and price held up there for a while so passed over on the opp.

Oh well. Prob done for day.

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  • #23,629
  • Jan 13, 2017 9:48am Jan 13, 2017 9:48am
Quoting jmezz
YM +10. Yeah this pa sucks. Took a long off the open and closed out for 10 when I saw it reversing. Didn't let it run, and also chickened out of the short. Was expecting a more harsh rejection and price held up there for a while so passed over on the opp. Oh well. Prob done for day. Screenshot1.png;2139464 {image}
Yes at least the pre market assessment was pretty dead on. Now I just need for price to climb so I can look for the short. Watching the grass grow right now
If you fail to plan, you plan to fail.
  • #23,630
  • Jan 13, 2017 9:52am Jan 13, 2017 9:52am
ABCD complex correction to the down side complete but I don't feel the bulls have what it takes. I will continue on the sidelines looking for a short opportunity.
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If you fail to plan, you plan to fail.
  • #23,631
  • Jan 13, 2017 9:58am Jan 13, 2017 9:58am
I did not get feedback on the Supply Demand video I posted. Do we need a new one or is that one good?
If you fail to plan, you plan to fail.
  • #23,632
  • Jan 13, 2017 10:11am Jan 13, 2017 10:11am
Quoting Mr. Pip
I did not get feedback on the Supply Demand video I posted. Do we need a new one or is that one good?
Your videos are as always superb. It looks also totally easy when you get through the charts.
I
  • #23,633
  • Jan 13, 2017 10:22am Jan 13, 2017 10:22am
Will waiting for the bulls to come in and see if I can position a short. It sucks because price is respecting immediate structure. I am interested in the lower oval.

I said earlier that I might be interested in a long in the teens and price did hit 18 but not impressed at all with what the bulls are doing. That if any is the place to buy though.
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If you fail to plan, you plan to fail.
  • #23,634
  • Edited 10:50am Jan 13, 2017 10:25am | Edited 10:50am
Quoting eaglestar
Eur 5min Price dropped at 78.6 and 161.8 confluence and top of the median line. Lets see if any retrace can happen for entry on the large drop down. {image}
Noticed sellers before the 50% and placed limit order. Will place sl to be quickly

Now Locked

Out at be, better than a loss
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #23,635
  • Jan 13, 2017 10:35am Jan 13, 2017 10:35am
Price is trying to get past short term resistance.
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If you fail to plan, you plan to fail.
  • #23,636
  • Jan 13, 2017 10:42am Jan 13, 2017 10:42am
You see how have the pulse of the market and understanding the context or framework helps you understand where the opportunities are. I mentioned buying opportunity in the teens and that is where price started climbing. Now granted I did not take the trade because I looking for a short not a long. But we must always have that important situational awareness and who needs to defend what.
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If you fail to plan, you plan to fail.
  • #23,637
  • Jan 13, 2017 10:50am Jan 13, 2017 10:50am
Well again some days are like this. I could not take that short as I would be trading right into where the buyer are likely to defend.
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If you fail to plan, you plan to fail.
  • #23,638
  • Jan 13, 2017 10:55am Jan 13, 2017 10:55am
No trades but hopefully today was a great learning experience for those reading along. Even if there is not much movement we still have to continuously read price and understand where the danger is so that we don't enter a low probability setup even if you are swimming with the current.
If you fail to plan, you plan to fail.
  • #23,639
  • Jan 13, 2017 10:59am Jan 13, 2017 10:59am
Look at what price is doing now. Staying ahead of price is a great way to develop that situational awareness that is very important.
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If you fail to plan, you plan to fail.
  • #23,640
  • Jan 13, 2017 11:02am Jan 13, 2017 11:02am
Well traders that's it for me today. Heading out to lunch . Let me know how following alone worked for you. Was there value? Was it over your head? Waste of time? Sound off let me have it.

I hear a bunch of crickets!
If you fail to plan, you plan to fail.
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