Ratios & Harmonics: a Different Way to Trade

Looking forward to follow along

Hey guys. Practicing with structure analysis and order flow here. Here is a chart of the EUR/USD 15M. This trade fit within my RR rules, once price gets to ~1.0572, I will move my stop to BE. Heres what I saw: Every correction on this uptrend came past the 50% of the previous swing, some coming MUCH deeper indicating weakness. Projection does not show much strength throughout the NSH's, even though the last projection has grown from the previous. Each blue oval shows a 100% correction of the previous swing, the second one is where I entered the trade in a short position. I am a bit nervous about this trade because I don't usually trade against the main trend but this setup spoke to me. I would love any feedback here and don't go easy on me .
Mr. Pip, I have a few specific questions if you don't mind.

In the order flow video from post #16,431, at about the 1:36 mark you mentioned you like using crosshair because it allows you to set the angle of the trend line to whatever you want it to be (not flat for example) while keeping the top even with the top of the swing. I thought the angle of the trend line is what we use to identify momentum, is that not correct? Is it the DISTANCE of the trend line instead that identifies momentum?

And a few questions about fib tools: Mine didn't have a default 127% line so I added one from settings but not sure if there is a decimal or if it should be an even 127? And can you clarify the difference between fib retracement and fib extension and when each should be used? Thanks! I will post the results of this trade in the next few hours when it plays out.



[EDIT] Got to BE +2...

Eye opener thread, so thankful to Mr Pip.

This mornings trade on UJ

Try to square root the golden ratio (1.618) and you Will Find your fib answer

Hi Guys what I'm looking at on AU and EG today

Looking for shorts(770-Area of interest) will look for longs above 784

light scheduled volatility at 10

Long term -up
Short term and Intraday(agree)-down

update- longterm-down(all agree)
AOI-754
Agressive short-723

was going to protect the trade (BE SL) but since there are red CAD news on the way and price was at a 1:1 harmonic move I closed out to avoid a retracement which could keep me in this trade over the weekend.
So happy to take little more than 1R, have a nice weekend!

Had to be very agressive coming into an area of structure. All of my rules worked out only had to tighten abit because I have 7ticks room to protect so had to get to BE quickly. have a good week. 770 AOI

Plus 2 on AC and minus 1 on EU. Nice ending to the Week.

I think u traded angst expectations EUR/USD.

EG update, in short here on 2x 1:1 completion into supres and bear rotation

NQ +6.5
YM +20

EG update stopped out -17, spiked out and entered short again on strong bear rotation

Dax runs in my favour

NQ +5.5 = +12 total

YM
L/t OF was finally down but I got too stuck in that mentality and missed the long that Jmezz took on the short term. I tried shorting two times. Once with the immediate OF and once with intermediate. The result is BE+2 and BE+7 ....

Hello Traders, Sorry I was not able to post my trades live today as I was multitasking today and did not have the extra hand to interact with you all. But here is my session +21 points. Monday I'll be back as usual.

Little quiz ... on 6J 144 tick chart

L/t OF is bullish (chart 1- brown bullish leg) and the s/t OF became bearish when the red leg broke previous HL (chart 2 - lime green line). On the l/t we would be looking for a long but on the s/t we are looking for a short. We did not get a nice correction on the s/t (arrow 1 ) but we continued on to complete the 1:1 correction (brown bearish leg) from the l/t OF. After that we produced a questionable NSH on the s/t OF (arrow 2). Now the short term is aligned with the long term ... and here comes my question:

-Would you consider arrow 1 as a NSL on the short term orderflow?
-Would you consider the entry in the red circle?

One side of me wanted to take that long today but another couldn't justify it because I wasn't seeing the first arrow as a clear low or as a NSL.

Out at 127 ext for 26 +

Hello X3m,

Nice charts. I would have considered entry around 89010 with stops around 8893 expecting 8925 to be broken for a NSH and approximately a 1 to 1 R:R. Adding a snip, excuse the MS Paint markings.