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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

  • #24,701
  • Feb 2, 2017 11:42am Feb 2, 2017 11:42am
US30 - 62T

Bigger Picture
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This is what I'm looking at. Looking at the swings and bar volume, Bears look stronger but are unable to carry price lower. Bulls looking for value before jumping in. this is creating wide swings. hard to jump on the trend especially when it looks to be consolidating.
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  • #24,702
  • Edited 12:59pm Feb 2, 2017 12:14pm | Edited 12:59pm
Quoting eaglestar
Eur 5m Price gave a fake out spike to the upside near PRZ. Came down and retested resistance and held, Now dropping. {image}
Locked in 22

2:1 trade minimum risk was 11 used 55 ATR to calculate stop

Kept dropping. I thought price may reverse, and could have put stop above small pivot area for protection. Either way a winner.
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #24,703
  • Feb 2, 2017 12:35pm Feb 2, 2017 12:35pm
hello everyone, I have a quick question.

I've noticed that some people will include the wicks when drawing fibs and some start/end at the body only.

Is there a reasoning behind this? are they just preference?

Thanks in advance!
  • #24,704
  • Feb 2, 2017 1:13pm Feb 2, 2017 1:13pm
Quoting forexamc
hello everyone, I have a quick question. I've noticed that some people will include the wicks when drawing fibs and some start/end at the body only. Is there a reasoning behind this? are they just preference? Thanks in advance!
IMO fibs should always be drawn from market extremes, ie the wicks
Bulls nor Bears may hide their intent.
  • #24,705
  • Feb 2, 2017 1:49pm Feb 2, 2017 1:49pm
Quoting wigtrade
{quote} IMO fibs should always be drawn from market extremes, ie the wicks
  • #24,706
  • Feb 2, 2017 2:28pm Feb 2, 2017 2:28pm
Quoting jmezz
No trades again for me today. For whatever reason I feel paralyzed, maybe it's something to do with switching to the NQ. Maybe I just need a break from charts for a little.
Why did you switch to NQ (is this Nasdaq?). Is the PA better?

I have in my list US500, what is this?
  • #24,707
  • Feb 2, 2017 2:32pm Feb 2, 2017 2:32pm
Quoting Mack2013
US30 - 62T Bigger Picture Chart.png;2169803 This is what I'm looking at. Looking at the swings and bar volume, Bears look stronger but are unable to carry price lower. Bulls looking for value before jumping in. this is creating wide swings. hard to jump on the trend especially when it looks to be consolidating. Chart2.png;2169804 {image} {image}
Did you take a trade?
  • #24,708
  • Feb 2, 2017 2:48pm Feb 2, 2017 2:48pm
Quoting jmezz
No trades again for me today. For whatever reason I feel paralyzed, maybe it's something to do with switching to the NQ. Maybe I just need a break from charts for a little.
Why did you switch to the NQ? I've enjoyed reading your trade analysis on the YM previously, your method at the open was remarkably consistent, your hit rate was epic! I wouldn't be disheartened by a few losers its inevitable no matter how shithot your application is. Keep on trucking man
Bulls nor Bears may hide their intent.
  • #24,709
  • Feb 2, 2017 3:05pm Feb 2, 2017 3:05pm
Quoting Mr. Pip
Well done Tim. I believe I forgot to mention so everyone need to read this post. The tails are not important. What is important here is the close. To achieve a NSH or NSL we must achieve a higher or lower close. The trials don't create a NSH or NSL. you did fine but I want to make sure that is clear to everyone.
Hi Mr Pip

I'm still testing your system and understand the concept of NSH NSL. What confuses me is that i've read in an article that states to determine NSH OR NSL is that the candle forming the NSH/NSL must close above or below the tails of the previous NSH/NSL.

Iust want to get clarity about this and hope you understand my question.
  • #24,710
  • Feb 2, 2017 3:16pm Feb 2, 2017 3:16pm
Quoting Poepies
{quote} Hi Mr Pip I'm still testing your system and understand the concept of NSH NSL. What confuses me is that i've read in an article that states to determine NSH OR NSL is that the candle forming the NSH/NSL must close above or below the tails of the previous NSH/NSL. Iust want to get clarity about this and hope you understand my question.
This is correct. When considering if a NSH or NSL is valid the body should close above/below previous wick. However if it doesn't close above/below it's a retest and it tells you that the expectation of a trend continuation is still there but it's significantly weaker.

Hope that made sense
Rise and rise again until lambs become lions
  • #24,711
  • Feb 2, 2017 4:28pm Feb 2, 2017 4:28pm
Quoting wigtrade
{quote} IMO fibs should always be drawn from market extremes, ie the wicks
Thank you so much for your help!
  • #24,712
  • Feb 2, 2017 4:49pm Feb 2, 2017 4:49pm
Quoting Mr_Burns
{quote} This is correct. When considering if a NSH or NSL is valid the body should close above/below previous wick. However if it doesn't close above/below it's a retest and it tells you that the expectation of a trend continuation is still there but it's significantly weaker. Hope that made sense
Nice thanks for the answer and quick reply . Confusion eliminated
  • #24,713
  • Feb 2, 2017 6:55pm Feb 2, 2017 6:55pm
Quoting evocpr19
{quote} Did you take a trade?
Yeah. Managed it poorly for a small loss. I'll post a chart later.
  • #24,714
  • Feb 2, 2017 6:58pm Feb 2, 2017 6:58pm
Quoting forexamc
{quote} Thank you so much for your help!
For structure analysis, i.e. determining whether a NSH or NSL has occured, always use the candle body. We need to know what structure level can the price hold on to.

For order flow and drawing Fib, use the whole candle including wick. We need to know how high or low the price could go.
  • #24,715
  • Feb 2, 2017 7:09pm Feb 2, 2017 7:09pm
Quoting Arvs7
I had some expectations today on USDJPY and all played out prob. lucky one But took not to much from it, but it is what it is as Mr. Pip says. 1 2 and 3 was short after price got strong reject from support form higher time frame and then i got 4 expectation upside to be deeper and now it broke and made NSH is it reasonable in 5 place to look for shorts to get NSL? expe.PNG;2169695 {image}
I went long at (4)... price retraced too much so I thought the possibility of an expectation failure was very high. Moreover, I basically bar by bar the whole chart and I see bulls fighting on every down swing.

That's why I thought the end is near. Unfortunately I couldn't capitalize very much on it as it was already 12am here. Had to sleep so i closed trade.

Do you trade UJ exclusively? I'm only focusing on UJ, and I desperately need someone to discuss....
  • #24,716
  • Feb 2, 2017 7:09pm Feb 2, 2017 7:09pm
Quoting evocpr19
{quote} Did you take a trade?
As per my rules I reduced risk to entry swing high but was scared out on the bullish thrust bar..... so stupid. Price ended up making a second attempt to targets and produced a short lived s/t nsl

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  • #24,717
  • Feb 2, 2017 9:45pm Feb 2, 2017 9:45pm
Does anybody know whats happening to UJ?

There's no news and suddenly it makes these crazy moves.

I lost 17 pips. Lucky have SL otherwise the damage would be horrible.

OK nvm.. got it.

USD/JPY Rebounds as BOJ conducts fixed-rate operation to buy JGBs

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  • #24,718
  • Edited 12:20am Feb 3, 2017 12:05am | Edited 12:20am
Quoting kelvinyun
Does anybody know whats happening to UJ? There's no news and suddenly it makes these crazy moves. I lost 17 pips. Lucky have SL otherwise the damage would be horrible. OK nvm.. got it. USD/JPY Rebounds as BOJ conducts fixed-rate operation to buy JGBs UJ.JPG;2170453 {image}
Don't listen to the news. That's BS. The only thing you should care about the news is ... when is there going to be an important news release so you could expect volatility and that's it. You shouldn't care what the news said and "how" it will effect the market because the news by themselves don't do anything it's the big institutions that dump a huge amount of orders and profiting from the little fish trying to "trade the news". I'm not saying that you can't profit from news..you can but you have to know what is really happening.
  • #24,719
  • Feb 3, 2017 12:43am Feb 3, 2017 12:43am
Quoting Mack2013
{quote} As per my rules I reduced risk to entry swing high but was scared out on the bullish thrust bar..... so stupid. Price ended up making a second attempt to targets and produced a short lived s/t nsl Chart.png;2170263 {image}
Big boys are accumulating orders and trap therefore all others. A very big move will come, but I do not know how to predict the direction (often it starts with a wick in one direction and then a real move in the other).
  • #24,720
  • Feb 3, 2017 5:52am Feb 3, 2017 5:52am
First trade Today AU , on the way to the target , hope this near strucutre does not bounce it back
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