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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

  • #23,821
  • Jan 19, 2017 8:23am Jan 19, 2017 8:23am
GM Traders,

I hope you guys really enjoyed the live stream. I had lots of fun. Got back a little late so I won't post the pre market I will be posting my trades today. I will be catching up with the thread later on today.
If you fail to plan, you plan to fail.
  • #23,822
  • Jan 19, 2017 8:28am Jan 19, 2017 8:28am
Great thanks to you Damian! I've started to read this thread a short while back and been silent so far. Can't anymore. It was amazing to watch your patience and rationale throughout the stream. And you were right, the session was a tough one, but a beautiful lesson. Thanks again!
  • #23,823
  • Jan 19, 2017 8:32am Jan 19, 2017 8:32am
Did today +25 on YM (diagonal line was the trade; history in the box)
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  • #23,824
  • Jan 19, 2017 8:41am Jan 19, 2017 8:41am
So the buyers were able to accumulate over the sellers to make a new high for the day. I do however believe that this is temp as longer term imbalance still favors the sellers. Does this mean that the buyers understand this and are looking to stop it? Maybe, we need more information. Let's see how deep the sellers correct here. Intraday expectation is NSH. There is a Gartley in play that completes around 787.
If you fail to plan, you plan to fail.
  • #23,825
  • Jan 19, 2017 8:49am Jan 19, 2017 8:49am
Critical level for the bears,
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If you fail to plan, you plan to fail.
  • #23,826
  • Jan 19, 2017 8:50am Jan 19, 2017 8:50am
Eur 5min

Again price hit the upper pink median line and the 61.8% retracement and dropped. signs of sellers were there at the arrow down. Price bounced exactly at the 1:1 measured move at 10595

Notice also the support at 161.8 FE of original down move, still researching.
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #23,827
  • Jan 19, 2017 8:51am Jan 19, 2017 8:51am
I didn't take the short because it's against the expectation and no room to protect buyers will be defending 725
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If you fail to plan, you plan to fail.
  • #23,828
  • Jan 19, 2017 8:57am Jan 19, 2017 8:57am
Very interesting bar here the buyers have put up.
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If you fail to plan, you plan to fail.
  • #23,829
  • Jan 19, 2017 9:04am Jan 19, 2017 9:04am
Actively going to start looking for ways to get short I would really like 740 area. I think that push up was wishful thinking for the buyers.
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If you fail to plan, you plan to fail.
  • #23,830
  • Jan 19, 2017 9:05am Jan 19, 2017 9:05am
I think the 700 level holding has it's days numbered.
If you fail to plan, you plan to fail.
  • #23,831
  • Jan 19, 2017 9:10am Jan 19, 2017 9:10am
Missed it but it's ok. At least I hands the pulse in my have and have been able to align myself with the true price action and not the illusion of the bulls.

Not goping to get long here at the ABCD but will wait for the correction to short.
Attached Image (click to enlarge)
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If you fail to plan, you plan to fail.
  • #23,832
  • Jan 19, 2017 9:15am Jan 19, 2017 9:15am
We have Crude inventories coming out at 11 may bring in some volatility
If you fail to plan, you plan to fail.
  • #23,833
  • Jan 19, 2017 9:17am Jan 19, 2017 9:17am
Still some buying interest around here and weak rotation in an area of support. I would be crazy to take that short
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If you fail to plan, you plan to fail.
  • #23,834
  • Jan 19, 2017 9:21am Jan 19, 2017 9:21am
YM +29

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  • #23,835
  • Jan 19, 2017 9:21am Jan 19, 2017 9:21am
Can you see how the little details helps us understand the context and if taking a trade in a specific area is safe. We always need to make sure that price is not setting up a trap. We would be in trouble right now.
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If you fail to plan, you plan to fail.
  • #23,836
  • Jan 19, 2017 9:23am Jan 19, 2017 9:23am
Quoting Mr. Pip
Still some buying interest around here and weak rotation in an area of support. I would be crazy to take that short {image}
Thats exactly where I took it. I based it off the next candle then it gavw weak projection so this shit going to fly north.. Dam it. my buy didnt work out(-32)

Also I was in structure. WTF
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Empower Your Mind
  • #23,837
  • Jan 19, 2017 9:24am Jan 19, 2017 9:24am
Quoting jmezz
YM +29 Screenshot1.png;2147198 {image}
Bravo my friend
If you fail to plan, you plan to fail.
  • #23,838
  • Jan 19, 2017 9:25am Jan 19, 2017 9:25am
Quoting Mr. Pip
I didn't take the short because it's against the expectation and no room to protect buyers will be defending 725 {image}
I took it. Worked out .
  • #23,839
  • Jan 19, 2017 9:25am Jan 19, 2017 9:25am
Quoting vqtrader
{quote} Thats exactly where I took it. I based it off the next candle then it gavw weak projection so this shit going to fly north.. Dam it
I don't think it is going to go too far north maybe 725 or slightly higher that's where I'm looking to sell.
If you fail to plan, you plan to fail.
  • #23,840
  • Jan 19, 2017 9:26am Jan 19, 2017 9:26am
Quoting stavrogijn
{quote} I took it. Worked out .
Nice! You guys are braver and way more aggressive then me.
If you fail to plan, you plan to fail.
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