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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

  • #24,661
  • Feb 2, 2017 9:10am Feb 2, 2017 9:10am
Quoting marwan71
{quote} for C to come to 61-786 level first of BC, i think it will . Im looking for short at 786 of XA the gray area , but if BC did the 61-786 level then i will see of PRZ of bat will match with XA 786 {image}
Yes me too,
I have the same idea about this setup.

It seems price has touched the 618-786.
Hope it will rise til the PRZ.
  • #24,662
  • Feb 2, 2017 9:12am Feb 2, 2017 9:12am
Quoting Mr. Pip
Buyers are trying to defend their short term structure. This tells me that they are still stronger then I would like them to be. Let's hope it's nothing just some stubbornness on their part. {image}
I am not in on this one, since I screwed up my initial long entry. I trust more on the bulls.
  • #24,663
  • Feb 2, 2017 9:12am Feb 2, 2017 9:12am
Eur 5m

Price gave a fake out spike to the upside near PRZ. Came down and retested resistance and held, Now dropping.
Attached Image (click to enlarge)
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #24,664
  • Feb 2, 2017 9:13am Feb 2, 2017 9:13am
Quoting Mr. Pip
Buyers are trying to defend their short term structure. This tells me that they are still stronger then I would like them to be. Let's hope it's nothing just some stubbornness on their part. {image}
yeah, it scares me a bit. did u have some news or smth?
  • #24,665
  • Feb 2, 2017 9:13am Feb 2, 2017 9:13am
Not very happy about this. The bears need to make a statement here. The trade is in bad shape.
Attached Image (click to enlarge)
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If you fail to plan, you plan to fail.
  • #24,666
  • Feb 2, 2017 9:16am Feb 2, 2017 9:16am
Quoting Mr. Pip
Not very happy about this. The bears need to make a statement here. The trade is in bad shape. {image}
what the f@... was that?
  • #24,667
  • Feb 2, 2017 9:17am Feb 2, 2017 9:17am
Bears making one last stand, better be a bloody good one!

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  • #24,668
  • Feb 2, 2017 9:19am Feb 2, 2017 9:19am
Quoting ujku80
{quote} yeah, it scares me a bit. did u have some news or smth?
No news they are just pissed off. Let's see if the zone holds. Not interested in a rescue mission here yet just going to be patient and see how the bears come in in this zone. Adding to my position here still adds more risk then I want to and the market is strengthening against me right now so I'll just take the hit if it happens.
Attached Image (click to enlarge)
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If you fail to plan, you plan to fail.
  • #24,669
  • Feb 2, 2017 9:20am Feb 2, 2017 9:20am
Quoting evocpr19
{quote} I am not in on this one, since I screwed up my initial long entry. I trust more on the bulls.
did u see what happened? if you were still long, it would have been an amazing trade and u'd be laughing at us now.
  • #24,670
  • Feb 2, 2017 9:21am Feb 2, 2017 9:21am
Quoting ujku80
{quote} what the f@... was that?
Yeah I know they took a shit on us
If you fail to plan, you plan to fail.
  • #24,671
  • Feb 2, 2017 9:22am Feb 2, 2017 9:22am
Quoting ujku80
{quote} did u see what happened? if you were still long, it would have been an amazing trade and u'd be laughing at us now.
I prefer when all win, but I would be pleased about the pips (but I am not in anymore).
  • #24,672
  • Feb 2, 2017 9:23am Feb 2, 2017 9:23am
Quoting Mr. Pip
{quote} No news they are just pissed off. Let's see if the zone holds. Not interested in a rescue mission here yet just going to be patient and see how the bears come in in this zone. Adding to my position here still adds more risk then I want to and the market is strengthening against me right now so I'll just take the hit if it happens. {image}
i think fat cats heard us entering short and just for the sake of that pushed the price a little higher to make us change our minds. but it's not going to happen.
  • #24,673
  • Feb 2, 2017 9:25am Feb 2, 2017 9:25am
Doing a little better now. I'm looking to get out of this with a breakeven or be very aggressive to reduce the majority of the risk and see what price does. Price can continue to accelerate to the downside here.
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If you fail to plan, you plan to fail.
  • #24,674
  • Feb 2, 2017 9:31am Feb 2, 2017 9:31am
Buyers trying to come back in let's see what they accomplish this will be critical for our trade. The sellers must not let the high be tested.
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If you fail to plan, you plan to fail.
  • #24,675
  • Feb 2, 2017 9:33am Feb 2, 2017 9:33am
Quoting Mr. Pip
Buyers trying to come back in let's see what they accomplish this will be critical for our trade. The sellers must not let the high be tested. {image}
u think that's it? i mean the f.. up move?
  • #24,676
  • Feb 2, 2017 9:36am Feb 2, 2017 9:36am
Reduced some risk to shorter term structure let's see if we can turn this around. Looking to get aggressive if in profit to secure a BE
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If you fail to plan, you plan to fail.
  • #24,677
  • Feb 2, 2017 9:37am Feb 2, 2017 9:37am
Quoting ujku80
{quote} u think that's it? i mean the f.. up move?
not sure
If you fail to plan, you plan to fail.
  • #24,678
  • Feb 2, 2017 9:40am Feb 2, 2017 9:40am
Ugly rotation let's see if short term structure hold and the bears can continue
Attached Image (click to enlarge)
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If you fail to plan, you plan to fail.
  • #24,679
  • Feb 2, 2017 9:42am Feb 2, 2017 9:42am
Quoting Mr. Pip
Ugly rotation let's see if short term structure hold and the bears can continue {image}
i'd like to see that 780 level being taken out.

edit: yeah in my dreams. SL hit
  • #24,680
  • Feb 2, 2017 9:47am Feb 2, 2017 9:47am
Stopped out at -20. I think I did the right thing here let's see where the next trade lies. Managing this was not easy the choice was getting out a BE which I got the chance to do that or manage the trade and reduce risk while still giving the trade a chance. The bears were starting to look better so I opted to manage the risk and give the trade a chance. No emotions. Manage your trade don't let the trade manage you.
If you fail to plan, you plan to fail.
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