Ratios & Harmonics: a Different Way to Trade

got taken out at BE+1. very challenging price action.

Even though I was stopped, price is now playing out beautifully towards 20850 target.

Long on E7. Long term expectation is a NSH to develop but short term order flow has just formed a very weak NSL. My expectation is for a deep correction (if not a NSH) since momentum and projection were strong to the upside just before the current swing. When price gets to the 1.0600 area, I will watch closely and move my stop to BE. Concerns: Did I enter too early? Should I have waited a bit to see what the next bar or 2 tell me? Did I miss anything in my analysis? I will post the results as it plays out. Feeling pretty good about this trade.

Long USDJPY 113:.56 ,stop 113.34 .....target 113.76

weak NSL because correction was too deep?

yes, based on the expectation of the 5m (Turquoise line).
had corrected to about .7

Entered short after the close of the bar I circled with an expectation of a NSL. Whilst the previous bar was a really good rotation bar, I wanted to see price get back into the area of structure, in case the bulls reacted off it. Got stopped out for almost a full position.

Riding the pain train, adjusted my stop to 113.40 , target 113,76

GM,
Looking for longs today.
AOI-863
Light Scheduled Volatility 8:30

Improving from day to day.
I find it much easier to trade swings that have good projection and weakness on retrace to structure, ideally I look for a lower scale ABCD completion into structure with rotation or 3 drives. Those work really good.
It gets a bit complicated in ranging market condition because often a NSH/NSL is weak (no projection) or just a retest, so here patience is required and good OF reading to make sure to go with strength.

I have a doubt about expectation changes, my interpretation is as follows:

When there's an inner swing after an expectation change do we consider the point of failure the previous NSL (in the example above) or the inner LH?

Thanks for your consistent teaching

EU 4H Trade. Update#1
Moved Stop Loss to Break Even

stop moved to 113.57 locking B/E

Entered long after solid rotation on UJ with an expectation of a NSH.

After reached the weak NSH, I became agressive with my stop, and made 5 pips or 0.4 of my risk

Profit target (NSH +10 ) achieved +20

Hi guys, I have some doubts:

long

updated: closed. heading to work. See everyone tomorrow

Post# 15,756 (http://www.forexfactory.com/showthread.php?p=8725295#post8725295)has the answer to your question. Basically as long as the main swing high and low remain unbroken the only thing that could be present are complex corrections.

GU SL from earlier (London Open, M5 Chart) - Fibs left off for clarity
Green and Yellow lines show my attempt to read the shorter term/immediate term order flow.
Pink shows longer term



I think this was a classic case of getting mixed up in order flows.
I market up the chart afterwards to see where I went wrong.
Entry was based on the immediate term order flow off a rotation on an M1 chart (too keen to participate).
Pretty much ended up trading the correction in the wrong direction.

Notes:
- After the Longer Term NSL, I should have expected a deeper pullback.
- Proper entry would have been the rotation candle at the yellow triangle, at approx the 61.8 fib off the longer term LH to NSL swing
- Got too caught up in immediate term order flow.
- Need to decide which order flow to trade. Make sure my trading plan stipulates this and stick by it.

Does anyone see anything different?

Here is the trade
Reasons for entry: NSH achieved...my expectations were for price to achieve HL and then NSH. There was some good confluence at expected HL... ABCD retracement to .618, .786 fib levels and small demand zone. The bad stuff was the weak NSH, and the initial 22 pips stop level. Profit target was just under 1.618 extention.