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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

  • #24,741
  • Feb 6, 2017 8:38am Feb 6, 2017 8:38am
Looking for shorts in the high 70s to mid 80s
If you fail to plan, you plan to fail.
  • #24,742
  • Feb 6, 2017 8:41am Feb 6, 2017 8:41am
Short
Attached Image (click to enlarge)
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If you fail to plan, you plan to fail.
  • #24,743
  • Feb 6, 2017 8:44am Feb 6, 2017 8:44am
I wasn't particularly very pleased with the short term order flow looking stronger then I wanted to see but the area offers a great RR and the expectation is for a NSL. Volume has been on the seller's side let's see how the trade progresses.
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If you fail to plan, you plan to fail.
  • #24,744
  • Feb 6, 2017 8:46am Feb 6, 2017 8:46am
I also wanted to go short, but not pleased about bears power. I am waiting for an entry.

Moreover, I did my day quota on dax already, so no hurry.
  • #24,745
  • Feb 6, 2017 8:48am Feb 6, 2017 8:48am
The buyers are trying to keep price going up. This is not good for the position but We will have to me patient. We should find some sellers around this area.
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If you fail to plan, you plan to fail.
  • #24,746
  • Feb 6, 2017 8:52am Feb 6, 2017 8:52am
Quoting evocpr19
I also wanted to go short, but not pleased about bears power. I am waiting for an entry. Moreover, I did my day quota on dax already, so no hurry.
Yeah maybe got in early the trade fits the plan but not doing well at all right now.
If you fail to plan, you plan to fail.
  • #24,747
  • Feb 6, 2017 8:54am Feb 6, 2017 8:54am
Quoting Mr. Pip
{quote} Yeah maybe got in early the trade fits the plan but not doing well at all right now.
Honestly, I was expected a more decisive move down, but PA is s..t
  • #24,748
  • Feb 6, 2017 8:59am Feb 6, 2017 8:59am
Added to my position
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If you fail to plan, you plan to fail.
  • #24,749
  • Feb 6, 2017 9:00am Feb 6, 2017 9:00am
Quoting kelvinyun
Potential entry to short EURUSD. 1) Price was going up. The expectation was a NSH. 2) However, price entered into a complex correction. 3) And the corrective depth was nearly 100% before it rebounded up. 4) Further, the last swing (down) came in such force that it seems imminent that we could have an expectation failure. 5) Thus we got that expectation failure. 6) Now looking for short. Do not expect price to correct very far as the last swing down was forceful. (Normally after expectation failure we will get a deep correction). EURUSD.JPG;2173879...
I was there and related to the situation I have a question. I've been pondering this all day long, way before the price actually broke down.
Attached Image (click to enlarge)
Click to Enlarge Name: NSL or HL.png Size: 32 KB


Is the NSL marked in red a NSL or HL? Some others seem to be struggling with the same question.

Thanks in advance!
  • #24,750
  • Feb 6, 2017 9:01am Feb 6, 2017 9:01am
Let's get that follow through. let's go bears.
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If you fail to plan, you plan to fail.
  • #24,751
  • Feb 6, 2017 9:02am Feb 6, 2017 9:02am
I averaged i 13 points better and gave myself more options from a trade management perspective.
If you fail to plan, you plan to fail.
  • #24,752
  • Feb 6, 2017 9:05am Feb 6, 2017 9:05am
The stupid bulls are trying to come in again the sellers need to fight them now and hold this area 2004
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If you fail to plan, you plan to fail.
  • #24,753
  • Feb 6, 2017 9:06am Feb 6, 2017 9:06am
Quoting Happy_Sniper
{quote} I was there and related to the situation I have a question. I've been pondering this all day long, way before the price actually broke down.NSL or HL.png;2174710 Is the NSL marked in red a NSL or HL? Some others seem to be struggling with the same question. Thanks in advance! {image}
Yes
If you fail to plan, you plan to fail.
  • #24,754
  • Feb 6, 2017 9:08am Feb 6, 2017 9:08am
They heard me now they need to hear my SELL, SELL, SELL!
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If you fail to plan, you plan to fail.
  • #24,755
  • Feb 6, 2017 9:15am Feb 6, 2017 9:15am
No changes the bulls are still trying and so are the bears. Since I am averaged in and there is weakness in my trade, I will look to get aggressive with the trade management and treat this somewhat as a rescue mission trying to get to a BE as quickly as possible.
Attached Image (click to enlarge)
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If you fail to plan, you plan to fail.
  • #24,756
  • Feb 6, 2017 9:20am Feb 6, 2017 9:20am
Hanging on by a thread let's see if I can survive the attack.
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If you fail to plan, you plan to fail.
  • #24,757
  • Feb 6, 2017 9:22am Feb 6, 2017 9:22am
Looks like I will probably not survive the attack. It's not over till it's over but it looks bad right now.
If you fail to plan, you plan to fail.
  • #24,758
  • Feb 6, 2017 9:25am Feb 6, 2017 9:25am
Quoting kelvinyun
Potential entry to short EURUSD. 1) Price was going up. The expectation was a NSH. 2) However, price entered into a complex correction. 3) And the corrective depth was nearly 100% before it rebounded up. 4) Further, the last swing (down) came in such force that it seems imminent that we could have an expectation failure. 5) Thus we got that expectation failure. 6) Now looking for short. Do not expect price to correct very far as the last swing down was forceful. (Normally after expectation failure we will get a deep correction). EURUSD.JPG;2173879...
 
And forgot the most important. Did you take the short?
 
  • #24,759
  • Feb 6, 2017 9:25am Feb 6, 2017 9:25am
Stopped out two bad back to back days I did not trade on Friday but Thursday was a losing day with two losing positions and today one. This means nothing and I mention it so you all can see that the answer is next. Nothing else.
If you fail to plan, you plan to fail.
  • #24,760
  • Feb 6, 2017 9:31am Feb 6, 2017 9:31am
Quoting Mr. Pip
{quote} Yes
 
Thanks for your reply! Makes everything a lot clearer.
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