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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

  • #24,841
  • Feb 7, 2017 9:13am Feb 7, 2017 9:13am
The expectation is clear. The news affected it slightly and there is buying pressure entering the area. This is market high territory and price action may get funky here. Some are thinking false breakout others not sure and so one. The whole correction was full of buying pressure that the sellers were able to fight off so this tells us that there is interest in buying and that the buyers do not feel prices here are too expensive to keep buying. We will see!
Attached Image (click to enlarge)
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If you fail to plan, you plan to fail.
  • #24,842
  • Feb 7, 2017 9:20am Feb 7, 2017 9:20am
Reduced risk a bit there is structure here and the bears may turn it on here.
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If you fail to plan, you plan to fail.
  • #24,843
  • Feb 7, 2017 9:22am Feb 7, 2017 9:22am
interesting price action here

we just about printed new lows then bulls took over with strength

I'm looking for a pullback to around 7612 to get long then short 7624 on completion of 1:1

Bias still bearish overall but immediate term has turned bullish given the nature of the NSL was so weak
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Bulls nor Bears may hide their intent.
  • #24,844
  • Feb 7, 2017 9:22am Feb 7, 2017 9:22am
The bulls need to defend here and now.
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If you fail to plan, you plan to fail.
  • #24,845
  • Feb 7, 2017 9:26am Feb 7, 2017 9:26am
Quoting Mr. Pip
The bulls need to defend here and now. {image}
the bear are comming with strength, and i don't like. but i'm not moving my SL yet. i think that 45 lvl can offer some better support.
  • #24,846
  • Feb 7, 2017 9:26am Feb 7, 2017 9:26am
They are trying but weak at the moment. I will not give it more room this area could bring in strong selling
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If you fail to plan, you plan to fail.
  • #24,847
  • Feb 7, 2017 9:34am Feb 7, 2017 9:34am
Stopped out. Next
If you fail to plan, you plan to fail.
  • #24,848
  • Feb 7, 2017 9:36am Feb 7, 2017 9:36am
I want to share one trade here I took today and loss was -24 pips ,

What Ived noticed that I took the trade in gray rectangle area which I thought its supply / demand area . will I believe lot of traders will consider the same area as supply/demand but I figure out its not , as its resistance area yes but not any support / resistance area is also supply / demand area . I was reviewing this trade and I want to know why I lost it , so I found out that we can trade in supply /demand area and not just support / resistance,
Now how to differentiate is very important , for me this area the buyer defend it in past and not seller , so to take short I need to have area that seller defend it in past and vis versa for buy

Any comments apricated in how to select the best area to enter the trade same what I found here
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  • #24,849
  • Feb 7, 2017 9:43am Feb 7, 2017 9:43am
another example
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  • #24,850
  • Feb 7, 2017 9:46am Feb 7, 2017 9:46am
YM +26

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  • #24,851
  • Feb 7, 2017 9:49am Feb 7, 2017 9:49am
Quoting marwan71
I want to share one trade here I took today and loss was -24 pips , What Ived noticed that I took the trade in gray rectangle area which I thought its supply / demand area . will I believe lot of traders will consider the same area as supply/demand but I figure out its not , as its resistance area yes but not any support / resistance area is also supply / demand area . I was reviewing this trade and I want to know why I lost it , so I found out that we can trade in supply /demand area and not just support / resistance, Now how to differentiate is...
one reason support often becomes resistance in my opinion is underwater traders getting out as close to breakeven as possible, see chart for one possible explanation
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  • #24,852
  • Feb 7, 2017 9:53am Feb 7, 2017 9:53am
Short the market
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If you fail to plan, you plan to fail.
  • #24,853
  • Feb 7, 2017 9:54am Feb 7, 2017 9:54am
Quoting jmezz
YM +26 Screenshot1.png;2176723 {image}
Nice work!
If you fail to plan, you plan to fail.
  • #24,854
  • Feb 7, 2017 9:56am Feb 7, 2017 9:56am
I do agree with you that order flow was against me , also im not sure how i place the stop loss this close in wrong place , good reply , i will keep studying those areas if i can avaoid risk in future . thanks
  • #24,855
  • Feb 7, 2017 10:01am Feb 7, 2017 10:01am
Quoting Mr. Pip
{quote} Nice work!
he got our money and u tell him nice work? bad job Jmezz..too bad. don't ever do it again.
  • #24,856
  • Feb 7, 2017 10:02am Feb 7, 2017 10:02am
I went short because the one to one did not offer a good long for me as the second leg had greater strength. The buyers had plenty of opportunities to take price higher and were unsuccessful. Price looks more incline to sell off the high at this point then to buy through. I am trading the short term expectation which at the moment goes again the longer term. I stated that I was going to trade this order flow and that is what I'm doing.
If you fail to plan, you plan to fail.
  • #24,857
  • Feb 7, 2017 10:03am Feb 7, 2017 10:03am
Quoting ujku80
{quote} he got our money and u tell him nice work? bad job Jmezz..too bad. don't ever do it again.
  • #24,858
  • Feb 7, 2017 10:03am Feb 7, 2017 10:03am
Quoting marwan71
I do agree with you that order flow was against me , also im not sure how i place the stop loss this close in wrong place , good reply , i will keep studying those areas if i can avaoid risk in future . thanks
just my opinion, I find it far easier to objectively analyse someone elses charts than my own! more work required here
Bulls nor Bears may hide their intent.
  • #24,859
  • Feb 7, 2017 10:07am Feb 7, 2017 10:07am
Quoting ujku80
{quote} he got our money and u tell him nice work? bad job Jmezz..too bad. don't ever do it again.
If you fail to plan, you plan to fail.
  • #24,860
  • Feb 7, 2017 10:13am Feb 7, 2017 10:13am
Wow I have not been doing well at all these last few sessions. Like winning comes is streaks so do losses some times. I will look at it closer to make sure I am not against context.
Attached Image (click to enlarge)
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If you fail to plan, you plan to fail.
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