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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

  • #24,001
  • Jan 24, 2017 10:12am Jan 24, 2017 10:12am
Quoting jmezz
YM This pa is garbage, haven't done anything this morning and probably won't today.
At least you know when to do nothing. I grabbed initially +15 but then lost 8. It was more luck than anything else
  • #24,002
  • Jan 24, 2017 10:30am Jan 24, 2017 10:30am
AU cooking , ready to eat
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  • #24,003
  • Jan 24, 2017 10:34am Jan 24, 2017 10:34am
Sorry guys I'm back now let's see if I can find something here late in my session. The market kind of sucks today. The bears did not capitalize and seem weak at the moment. Let me see what's going on here.
If you fail to plan, you plan to fail.
  • #24,004
  • Jan 24, 2017 10:35am Jan 24, 2017 10:35am
Seller very strong
  • #24,005
  • Jan 24, 2017 10:42am Jan 24, 2017 10:42am
We have to be careful with longs around here bears should be able to come in with good volume soon. Anywhere between here and 810 supply should overwhelm demand. Price should not climb to much more but time will tell.
If you fail to plan, you plan to fail.
  • #24,006
  • Jan 24, 2017 10:44am Jan 24, 2017 10:44am
We are at a larger 1:1 completion.
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If you fail to plan, you plan to fail.
  • #24,007
  • Jan 24, 2017 10:50am Jan 24, 2017 10:50am
Quoting marwan71
Seller very strong
I'm going to make a short video to explain my thought process but you guys are going to have to bare with the coughing it's pretty bad. I'll do it later on after I take my medicine as it gets better for a while after I take it.
If you fail to plan, you plan to fail.
  • #24,008
  • Jan 24, 2017 10:57am Jan 24, 2017 10:57am
Take care of your health first , video can wait .
  • #24,009
  • Jan 24, 2017 10:58am Jan 24, 2017 10:58am
Quoting marwan71
AU cooking , ready to eat {image}
im in already , the RR is good but i dont like the strucure ahead , no good room for breakeven or to protect the trade.
  • #24,010
  • Jan 24, 2017 11:16am Jan 24, 2017 11:16am
This is unusual and out of place volatility. It will be interesting to see where the bears will put the brakes on this. Anyway traders. My session today got interrupted by my folks today. I will try to make that video today it will be short so if it gets too rough I will owe it to you all. Heading out to lunch take care.
If you fail to plan, you plan to fail.
  • #24,011
  • Jan 24, 2017 12:12pm Jan 24, 2017 12:12pm
Quoting marwan71
{quote} im in already , the RR is good but i dont like the strucure ahead , no good room for breakeven or to protect the trade.
out -2 pips as i moved my stop ,
  • #24,012
  • Jan 24, 2017 12:22pm Jan 24, 2017 12:22pm
We might have Au ABCD coming :
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  • #24,013
  • Jan 24, 2017 12:22pm Jan 24, 2017 12:22pm
Quoting Mr. Pip
We look healthy but the buyers are not giving up need to protect again. Crap let's go bears take it home you have the imbalance favoring you {image}
I really admire both of your entries (You were already +17 and +11), especially in this case today, where market went finally like hell to the upside.

I was also more on short (at the begin), but got taken out very fast. After my third entry, I was fed up and stopped. Moreover, apparently I got a very bad fill in the trading area with my CFDs.
A long in this area was in my opinion too risky (supply level), but with hindsight, I was wrong (would have been nice).
  • #24,014
  • Jan 24, 2017 12:25pm Jan 24, 2017 12:25pm
GU , at 61.8% and good structure . good support
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  • #24,015
  • Edited 1:18pm Jan 24, 2017 1:06pm | Edited 1:18pm
Quoting marwan71
GU , at 61.8% and good structure . good support {image}
Sorry , This swing is wrong
should be from here
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  • #24,016
  • Jan 24, 2017 2:01pm Jan 24, 2017 2:01pm
Anyone trading usdjpy? PA is excellent Edit sorry try not too confuse the the H1 in the middle of chart means High1 not 1 hour this is a standard 5 min chart
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  • #24,017
  • Jan 24, 2017 2:04pm Jan 24, 2017 2:04pm
I have too protect we are at 1:1 completion of the larger move visible on the 1H, also above channel so price may have gone too far
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  • #24,018
  • Jan 24, 2017 2:44pm Jan 24, 2017 2:44pm
Out flat on last long now short. I'm looking for evidence of a possible retracement after the 1;1 completion, channel break double top and bear wedge in a bull channel(is that retail?)wont be protecting this, away now good luck all
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  • #24,019
  • Edited Jan 25, 2017 2:11am Jan 24, 2017 10:09pm | Edited Jan 25, 2017 2:11am
Quoting Ren1058
Out flat on last long now short. I'm looking for evidence of a possible retracement after the 1;1 completion, channel break double top and bear wedge in a bull channel(is that retail?)wont be protecting this, away now good luck all {image}
Hi... I am placing a long on the USDJPY pair.. 5 min chart

a) First Pic - expectation of a NSH + Average Momentum + Strong Projection + Mid range depth.

b) Second Pic - Expected a mid range depth and got it. Price reached the support level, Good structure there.

c) Third Pic - Nice long dingling legs - price touched support level and bounced up again and again.

d) I can never be 100% sure but I have a 70% win chance! And a great risk reward ratio.

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Updates: Moving Stop Loss to Breakeven + 7 pips.
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Updates: Stopped out at BE+9 pips.
With the current price action, expectation is still for a NSH, but seems to be entering a complex correction... Hmm.
Not trading until can see a clearer picture.
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  • #24,020
  • Jan 24, 2017 10:14pm Jan 24, 2017 10:14pm
Quoting kelvinyun
{quote} Hi... I am placing a long on the USDJPY pair.. 5 min chart a) First Pic - expectation of a NSH + Average Momentum + Strong Projection + Mid range depth. b) Second Pic - Expected a mid range depth and got it. Price reached the support level, Good structure there. c) Third Pic - Nice long dingling legs - price touched support level and bounced up again and again. d) I can never be 100% sure but I have a 70% win chance! And a great risk reward ratio. Capture2.JPG;2154507 Capture.JPG;2154505 Capture0.JPG;2154504 {image} {image} {image}

Looks like a good setup, keep in mind your stop theoretically needs to go below the 112.89 level if following Mr. Pip's guidance. Placing it under that current swing like you are is likely to get stopped out at London Open before heading in the proper direction. (Possibly hitting around the 113.00-113.10 area before reversing up)
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