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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

  • #24,021
  • Jan 25, 2017 12:24am Jan 25, 2017 12:24am
UJ coming :
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  • #24,022
  • Jan 25, 2017 12:55am Jan 25, 2017 12:55am
Quoting Harmonic1976
{quote} 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)
Thank you very much for the advice. Love this community of sharing.

The reason I placed the SL there is because it is slightly below the support area.

And if the price did retrace until 78.6%, well, it shouldn't. Because we came from a good projection, acceptable momentum, so price should only retrace to a maximum of just medium depth. But if it really does, then chances of a failed expectation has increased dramatically.

Actually I haven't learnt until this advance stage yet... currently at page 875 of this thread. And as for the video, I just watched until order flow.... So can only apply those things which I have learnt only.

Still a long way to catch up.
  • #24,023
  • Jan 25, 2017 1:39am Jan 25, 2017 1:39am
Ran without me
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  • #24,024
  • Jan 25, 2017 4:24am Jan 25, 2017 4:24am
EURUSD 5m range bound market? Expecting a NSL?
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Not clear how I should read this market, any comment?
I probably think it has still some upside potential because really price is just retesting the lower edge of this range.
Or should we strictly read the swings and expect a NSL?
the 3rd wave is the crowd's wave
  • #24,025
  • Jan 25, 2017 4:40am Jan 25, 2017 4:40am
EU , Bull want to reach 786 level
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  • #24,026
  • Jan 25, 2017 4:42am Jan 25, 2017 4:42am
Quoting juriFX
EURUSD 5m range bound market? Expecting a NSL? eu range 5m.png;2155144 Not clear how I should read this market, any comment? I probably think it has still some upside potential because really price is just retesting the lower edge of this range. Or should we strictly read the swings and expect a NSL? {image}
Your chart reading is correct as per my understanding , see my chart i just posted and yes bull strong now and i think they will take price to 786
  • #24,027
  • Edited 5:26am Jan 25, 2017 4:45am | Edited 5:26am
I haven't posted my trades recently but today was an interesting day from a trade management stand point for me.

6J 144 tick chart
How I was seeing things:
-long term orderflow - bearish
-short term OF - bullish
-immediate OF - bullish
I wanted to be short so I entered although there was strength in the deep PB. PA played around my entry point but then it moved in favour and I started trailing. My initial SL(blue dot horizontal line) was above the main swing(red line) . Initial TP was the completion of the 1:1 harmonic of the main swing. I moved to BE+2 at the first blue arrow. Locked in a couple of more points on the second blue arrow. There I noticed that price was making a three drive ( or something of that sort) and I was thinking of moving my TP at the end of the neon green line but I didn't because I was trading the bigger swing. I decided to trail more aggressively and I locked in more profit at the third blue arrow where I was taken out.

I'm curious how you would of done it. What is reasonable? Would you keep your TP at the 1:1 harmonic (red line) or would you reduce it a little bit and move it to the neon green question mark?
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  • #24,028
  • Jan 25, 2017 4:46am Jan 25, 2017 4:46am
I might not be there when it rach 786 level as i have today some meetings and miss very nice trading setup . just cacth one till now 17+ green as it was small swing and hit target
  • #24,029
  • Jan 25, 2017 5:01am Jan 25, 2017 5:01am
Quoting x3m-PippiN
I haven't posted my trades recently but today was an interesting day from a trade management stand point for me. 6J 144 tick chart How I was seeing things: -long term orderflow - bearish -short term OF - bullish -immediate OF - bullish I wanted to be short so I entered although there was strength in the deep PB. PA played around my entry point but then it moved in favour and I started trailing. My initial SL(blue dot horizontal line) was above the main swing(red line) . Initial TP was the completion of the 1:1 harmonic of the main swing. I moved...
Please check my comments i drow on your same chart here :
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  • #24,030
  • Jan 25, 2017 5:12am Jan 25, 2017 5:12am
One tips i noticed someone can correct me too, most welcome :

They will be lot of swing to trade, we dont confuse our self which one to choose , here is the best check list i found:

1- Clear NSH / NSL any size of pips is ok since it meet the rest criterias
2- signal to be ready to enter: fib level that meet swing depth and hit fib level + structure
3- Entry : Good RR (not just 2:1 or 3:1,,,,ect but most important the price when it hit first structure you can move to breakeven and still some good space price will move in your favour not hitting your breakeven quick, and with bar to bar confirmation.
4- Price has good movement at that trading sessions that will reach your target and not keep it till next day as you will not be able to trail it in case you went out of your trading station
  • #24,031
  • Jan 25, 2017 5:20am Jan 25, 2017 5:20am
Quoting marwan71
{quote} Please check my comments i drow on your same chart here : {image}
I agree that the entry was a bit late but I don't enter on pin bars, hanging men, shooting starts or whatever you like to call them. (I would but not with this method of trading)

I appreciate your comments on my chart but you didn't answer my main question. Do you think it was reasonable to keep my TP at the 1:1 completion or should I've moved it to the neon green question mark?
  • #24,032
  • Jan 25, 2017 5:28am Jan 25, 2017 5:28am
Quoting x3m-PippiN
{quote} I agree that the entry was a bit late but I don't enter on pin bars, hanging men, shooting starts or whatever you like to call them. (I would but not with this method of trading) I appreciate your comments on my chart but you didn't answer my main question. Do you think it was reasonable to keep my TP at the 1:1 completion or should I've moved it to the neon green question mark?
Sorry i missed that question , your intial target was good . and if it meet 1.272 level atelast will be better, but we dont now if price will reach there soon or later or never this is why i will trail it till it hit your target and then close the trade , as in harmonic trading the target area is also a high revesal area for price and once it hit that area you take profit and then here is the good part of it , see if it will meet any of harmonic other pattern to like ABCD , so at D where is you target was youlook for entery in the other direction , stopbelow 161% and breakeven AD swing 38% and target 61% , doing sow you will squeez the max of bothe back to back trades
  • #24,033
  • Jan 25, 2017 5:33am Jan 25, 2017 5:33am
See this trade i took today , hit target it was ABCD , at D i closed it , but went for meeting so If i took entery at D to other direction it will hit my 61% target too , this is Back to back trade
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  • #24,034
  • Jan 25, 2017 5:36am Jan 25, 2017 5:36am
I missed my entry again , was busy , its Ok
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  • #24,035
  • Jan 25, 2017 5:38am Jan 25, 2017 5:38am
Me too i dont use hammer or Pin bar for entry , i ready whole price action , better ,
  • #24,036
  • Jan 25, 2017 6:07am Jan 25, 2017 6:07am
Quoting x3m-PippiN
I haven't posted my trades recently but today was an interesting day from a trade management stand point for me. 6J 144 tick chart How I was seeing things: -long term orderflow - bearish -short term OF - bullish -immediate OF - bullish I wanted to be short so I entered although there was strength in the deep PB. PA played around my entry point but then it moved in favour and I started trailing. My initial SL(blue dot horizontal line) was above the main swing(red line) . Initial TP was the completion of the 1:1 harmonic of the main swing. I moved...
Slight variation
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It's a dirty job but someone's gotta do it!
  • #24,037
  • Jan 25, 2017 6:18am Jan 25, 2017 6:18am
Quoting LaBoca
{quote} Slight variation {image}
Do you mean the whole leg is giving us a clue or just the way it reacted in the magenta rectangles?
  • #24,038
  • Jan 25, 2017 6:55am Jan 25, 2017 6:55am
Hello Mr. Pip,

I have a question regarding to move SL to BE.

When taking Aggressive C. When you start moving your SL to BE? After 1:1?
  • #24,039
  • Jan 25, 2017 8:26am Jan 25, 2017 8:26am
GM Traders,

I will be in later on to catch up. I was not expecting the market to shoot up like that and into new high but that is cool. Let's see how we can capitalize from it today. Crude Inventories come out at 10:30 so heads up there and bias is bullish. I am still with this tough cough from this cold I got so I was not able to make that short video. We will look at Feb 21 Tues day for the live stream next month.
If you fail to plan, you plan to fail.
  • #24,040
  • Jan 25, 2017 8:44am Jan 25, 2017 8:44am
long
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If you fail to plan, you plan to fail.
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