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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

  • #24,421
  • Jan 30, 2017 9:53am Jan 30, 2017 9:53am
The expectation is what we trade overbought and oversold markets can continue like that for tens or hundreds of point's
If you fail to plan, you plan to fail.
  • #24,422
  • Jan 30, 2017 10:12am Jan 30, 2017 10:12am
There may be another short here soon good RR around 845
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-17 (233 Tick) 2017_01_30.png Size: 41 KB
If you fail to plan, you plan to fail.
  • #24,423
  • Jan 30, 2017 10:31am Jan 30, 2017 10:31am
Price may be exhausted on both fronts now if there are buyers around they would defend around here 820 -825.

Didn't take the rotation which was in a great area because I was chatting with someone on Skype and more importantly not too sure what to make of the deep correction here and the lack of selling into it.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-17 (233 Tick) 2017_01_30.png Size: 41 KB
If you fail to plan, you plan to fail.
  • #24,424
  • Jan 30, 2017 10:36am Jan 30, 2017 10:36am
Told you let's see if the bulls can struggle on the climb to retest and then see the bears come in nicely to short.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-17 (233 Tick) 2017_01_30.png Size: 43 KB
If you fail to plan, you plan to fail.
  • #24,425
  • Jan 30, 2017 10:39am Jan 30, 2017 10:39am
Can you see the importance of situational awareness and an understanding of who is likely to defend what areas. This helps you evaluate RR and if you are trading into possible trouble. An important skill to develop and have. Always know where your enemies are to avoid traps.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-17 (233 Tick) 2017_01_30.png Size: 42 KB
If you fail to plan, you plan to fail.
  • #24,426
  • Jan 30, 2017 10:44am Jan 30, 2017 10:44am
Momentum and volume has increased on the bulls which although the RR has improved on the possible trading opportunity, the enemy being the bulls are showing some strength where they should not have any. I need to be patient here and consider waiting for some more information to print.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-17 (233 Tick) 2017_01_30.png Size: 42 KB
If you fail to plan, you plan to fail.
  • #24,427
  • Jan 30, 2017 10:49am Jan 30, 2017 10:49am
GU Today first trade . 43 green Pips
target 1 to 1 ABCD. also its 1.272 level , see how accurate it was
Attached Image (click to enlarge)
Click to Enlarge Name: GU Today.png Size: 118 KB
  • #24,428
  • Jan 30, 2017 10:55am Jan 30, 2017 10:55am
Quoting marwan71
GU Today first trade . 43 green Pips target 1 to 1 ABCD. also its 1.272 level , see how accurate it was {image}
Very nice! Love those ABCD
If you fail to plan, you plan to fail.
  • #24,429
  • Jan 30, 2017 11:00am Jan 30, 2017 11:00am
I'm on the fence on taking the short although we had an ABCD complete and price did trade into the profit target and great rotation.

I have an issur with the bulls right now and the 100% correction of the intraday main swing. I will wait for the complex correction AB=CD into the 870 as there is better structure. I don't think the bulls are finished yet.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-17 (233 Tick) 2017_01_30.png Size: 48 KB
If you fail to plan, you plan to fail.
  • #24,430
  • Jan 30, 2017 11:00am Jan 30, 2017 11:00am
Yes me too , as you said , while waiting for other pattern to form , I trade ABCD everyday , easy , clear and very profitable . Thanks
  • #24,431
  • Jan 30, 2017 11:04am Jan 30, 2017 11:04am
We can stills see buyers in the area I would consider shorting around 870- 880
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-17 (233 Tick) 2017_01_30.png Size: 50 KB
If you fail to plan, you plan to fail.
  • #24,432
  • Jan 30, 2017 11:07am Jan 30, 2017 11:07am
Quoting Mr. Pip
{quote} Maybe Trump farted
LOL . yeah, i agree with u. If it was a fart, it's probably him. Melanie doesn't fart (trump's words, not mine)
  • #24,433
  • Edited 11:20am Jan 30, 2017 11:10am | Edited 11:20am
Quoting Mr. Pip
We can stills see buyers in the area I would consider shorting around 870- 880 {image}
its midnight here so i cannot trade YM. Gonna go bed now.

Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-17 (233 Tick) 2017_01_30.png Size: 54 KB


Damian, you said in d video.... price should not correct so deep. Its like 100% correction. so the expectation of a NSL is weak. Shorting there (just to clarify, at the 870-880 level) would go against expectations as (future) price has move above the previous LH.

HOWEVER

SERIOUSLY, your method is so simple that it's UNBELIEVABLE how well it works. Two trades on USDJPY. 34 pips + 99 pips. Still in learning mode so still using lot size of 0.01. Even if the profit amount value is small, but the satisfaction is so GREAT!

My only problem now is still emotion.
  • #24,434
  • Jan 30, 2017 11:11am Jan 30, 2017 11:11am
Quoting ujku80
{quote} LOL . yeah, i agree with u. If it was a fart, it's probably him. Melanie doesn't fart (trump's words, not mine)
She farts rainbows and unicorns
If you fail to plan, you plan to fail.
  • #24,435
  • Jan 30, 2017 11:13am Jan 30, 2017 11:13am
Quoting ujku80
{quote} LOL . yeah, i agree with u. If it was a fart, it's probably him. Melanie doesn't fart (trump's words, not mine)
Yes good area as now Bulls still in control
Sorry was replying to Mr. Pip analisys , pressed the wrong reply
  • #24,436
  • Jan 30, 2017 11:14am Jan 30, 2017 11:14am
Quoting Mr. Pip
We can stills see buyers in the area I would consider shorting around 870- 880 {image}
Yes good area as now Bulls still in control
  • #24,437
  • Jan 30, 2017 11:16am Jan 30, 2017 11:16am
Quoting Mr. Pip
{quote} She farts rainbows and unicorns
  • #24,438
  • Jan 30, 2017 11:19am Jan 30, 2017 11:19am
I have to leave now so I did not get the opportunity to short here looks like the bulls are defending 845-840 area as stated and the short may be closer to the completion near 874 or 870. Again knowing who should defend what help me avoid another painful trap. Can you all see the value?
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-17 (233 Tick) 2017_01_30.png Size: 49 KB
If you fail to plan, you plan to fail.
  • #24,439
  • Jan 30, 2017 11:20am Jan 30, 2017 11:20am
I will be back later to catch up and address those charts posted over the weekend.
If you fail to plan, you plan to fail.
  • #24,440
  • Jan 30, 2017 11:21am Jan 30, 2017 11:21am
Quoting kelvinyun
{quote} its midnight here so i cannot trade YM. Gonna go bed now. YM 03-17 (233 Tick) 2017_01_30.png;2163371 Damian, you said in d video.... price should not correct so deep. Its like 100% correction. so the expectation of a NSL is weak. Shorting there would go against expectations as price has move above the previous LH. HOWEVER SERIOUSLY, your method is so simple that it's UNBELIEVABLE how well it works. Two trades on USDJPY. 34 pips + 99 pips. Still in learning mode so still using lot size of 0.01. Even if the profit amount value is small, but...
Great result kelvinyun (http://www.forexfactory.com/kelvinyun). keep it up . for emotions part. once you breakeven , don’t look at the chart , let hit breakeven level or target . later once it reaches target area you can trail it but once you trade emotion free.

Also most trades loss cause of emotions , so try to be different than them and see the result . also reduce your contract / lot size. it will help
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