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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

  • #26,261
  • Mar 2, 2017 5:17pm Mar 2, 2017 5:17pm
Quoting tmiddled
{quote} EURUSD - 1 min chart - 1 Mar, 10:20am UTC +2 time (MT4 default time) Thanks!
Here you go my friend. I thought that a short video would be way easier then adding a chart with a bunch of notes. I hope this clarifies your thoughts.

https://youtu.be/AWA6oc3QZ_I
If you fail to plan, you plan to fail.
  • #26,262
  • Mar 2, 2017 5:28pm Mar 2, 2017 5:28pm
Hello Traders,

Here is the post session video for today. I hope it has value like everything else I do for you all. See you on the battlefield tomorrow.

https://youtu.be/DgpetMV2eSA
If you fail to plan, you plan to fail.
  • #26,263
  • Mar 2, 2017 6:35pm Mar 2, 2017 6:35pm
Quoting Mr. Pip
{quote} In looking for trades consider the order flow analysis a critical component to the case building and decision making. Momentum and volume was very strong. You already had significant breakdown in the order flow. Strength was building on the selling side. Keeping these facts in mind, I would have passed on a long.
Thanks for the analysis, although I'd like some clarity about the order flow break down you are talking about if you don't mind. I understand what you mean by momentum and volume but I'm a little shaky on the order flow breakdown. I realize (with your help) looking back that I made a few mistakes here - if it were a live trade I would consider myself lucky it came back to BE. Didn't deserve it . Thanks.
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  • #26,264
  • Mar 2, 2017 7:43pm Mar 2, 2017 7:43pm
Quoting Mr. Pip
{quote} Good luck on your trade it does look like a good old slug fest. I hope the bears can come back for you!
GJ

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Bears slowly getting into it.

Plenty of patience shown on my part though.

Little bit further down and I'll lock in at a BE + a few pips.

Somewhwre down near the 140 handle would be super nice ... lets see.

Masterrmind............
Master your Mind then Master your Trades
  • #26,265
  • Mar 2, 2017 7:53pm Mar 2, 2017 7:53pm
Quoting Masterrmind
{quote} GJ {image} Bears slowly getting into it. Plenty of patience shown on my part though. Little bit further down and I'll lock in at a BE + a few pips. Somewhwre down near the 140 handle would be super nice ... lets see. Masterrmind............
GJ

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Down we go.

Masterrmind..........
Master your Mind then Master your Trades
  • #26,266
  • Mar 2, 2017 7:57pm Mar 2, 2017 7:57pm
Quoting Masterrmind
{quote} GJ {image} Down we go. Masterrmind..........
GJ

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Locked in at BE + a few pips .... free ride now.

Masterrmind...........
Master your Mind then Master your Trades
  • #26,267
  • Mar 2, 2017 8:04pm Mar 2, 2017 8:04pm
Quoting Masterrmind
{quote} GJ {image} Locked in at BE + a few pips .... free ride now. Masterrmind...........
GJ

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Go Gj go you good thing.

Masterrmind...........
Master your Mind then Master your Trades
  • #26,268
  • Mar 2, 2017 8:07pm Mar 2, 2017 8:07pm
Quoting Masterrmind
{quote} GJ {image} Go Gj go you good thing. Masterrmind...........
GJ

PA closer to the 140 handle

Look across to chart structure and notice was happened previously at yesterdays open (indecision then a boost in bull strength)

Therefore I am keeping a very close watch on the trade now with the intention to close it out if it hints of making a move back up the chart.

SL may be tightened up a little.

Masterrmind...........
Master your Mind then Master your Trades
  • #26,269
  • Mar 2, 2017 8:13pm Mar 2, 2017 8:13pm
Quoting Masterrmind
{quote} GJ PA closer to the 140 handle Look across to chart structure and notice was happened previously at yesterdays open (indecision then a boost in bull strength) Therefore I am keeping a very close watch on the trade now with the intention to close it out if it hints of making a move back up the chart. SL may be tightened up a little. Masterrmind...........
GJ

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Closed out for +21.3 pips

Heavy chart structural zone on top of the 140 handle so I decided to get out of the trade.

Onto the next setup.

Masterrmind...........
Master your Mind then Master your Trades
  • #26,270
  • Mar 2, 2017 8:22pm Mar 2, 2017 8:22pm
GJ

Now long

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If price looks to test the 140 handle to the downside with strength I will simply exit the trade for a small loss.

Masterrmind...........
Master your Mind then Master your Trades
  • #26,271
  • Mar 2, 2017 8:28pm Mar 2, 2017 8:28pm
Quoting Masterrmind
GJ Now long {image} If price looks to test the 140 handle to the downside with strength I will simply exit the trade for a small loss. Masterrmind...........
GJ

Trade headed in the correct direction.

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Lets see if price can drive up higher and allow me to take all the risk off the trade.

Masterrmind............
Master your Mind then Master your Trades
  • #26,272
  • Mar 2, 2017 8:31pm Mar 2, 2017 8:31pm
Quoting Masterrmind
{quote} GJ Trade headed in the correct direction. {image} Lets see if price can drive up higher and allow me to take all the risk off the trade. Masterrmind............
GJ

As price edges up higher I'll keep tighening up my stop.

SL now just under the most recent low.

Masterrmind.............
Master your Mind then Master your Trades
  • #26,273
  • Mar 2, 2017 8:34pm Mar 2, 2017 8:34pm
Quoting Masterrmind
{quote} GJ As price edges up higher I'll keep tighening up my stop. SL now just under the most recent low. Masterrmind.............
GJ

Closed out for +4.6 pips

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Bulls took a nice charge on the last M5 candle and then stalled in their tracks.

I didn't like the look of it so I got out for +4.6 pips.

ps. far too early an exit on my part but that's ok plenty of other trades waiting to be had.

Next setup.

Masterrmind...........
Master your Mind then Master your Trades
  • #26,274
  • Mar 2, 2017 8:53pm Mar 2, 2017 8:53pm
Quoting Maule
NJ 4 hour Chart Entered Short. Short Term Order Flow (White Lines) in Line with Long Term (Yellow Lines) {image}
NJ 4 hour Chart. Update #1

Moved TP lower and SL to BE. Trailing aggressively as price close to past Demand Zone.
53 Pips+ Locked In. Risk Free Trade. Will sleep well tonight.
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Play the hand you were dealt.
  • #26,275
  • Mar 2, 2017 9:01pm Mar 2, 2017 9:01pm
GJ

Now short

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A slightly dangerous trade because I have nowhere close to protect my trade however my stop is only about 20 pips away from entry so I can live with that.

Once again SL will be moved to BE + a few as price nears the 140 handle and chart structural zone (if it does).

Masterrmind............
Master your Mind then Master your Trades
  • #26,276
  • Mar 2, 2017 9:06pm Mar 2, 2017 9:06pm
Quoting Maule
{quote} NJ 4 hour Chart. Update #1 Moved TP lower and SL to BE. Trailing aggressively as price close to past Demand Zone. 53 Pips+ Locked In. Risk Free Trade. Will sleep well tonight. {image}
Great protectionism of your trade.

Very likely you'll get taken out but in that situation you had no choice due to chart structure.

Good trade in my view.

Masterrmind............
Master your Mind then Master your Trades
  • #26,277
  • Mar 2, 2017 9:21pm Mar 2, 2017 9:21pm
Extremely helpful videos Damian....Thank you !!!!!
  • #26,278
  • Mar 2, 2017 9:48pm Mar 2, 2017 9:48pm
Quoting Masterrmind
GJ Now short {image} A slightly dangerous trade because I have nowhere close to protect my trade however my stop is only about 20 pips away from entry so I can live with that. Once again SL will be moved to BE + a few as price nears the 140 handle and chart structural zone (if it does). Masterrmind............
GJ

SL moved to lock in at BE + some

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Looking good this trade .... go the bears!

Masterrmind...........
Master your Mind then Master your Trades
  • #26,279
  • Mar 2, 2017 9:50pm Mar 2, 2017 9:50pm
Quoting Mr. Pip
Hello Traders, Here is the post session video for today. I hope it has value like everything else I do for you all. See you on the battlefield tomorrow. https://youtu.be/DgpetMV2eSA
Thank you Damian for the detailed explanation on yesterday's PA on YM. I am extremely happy to know that I am beginning to identify the SD areas as well as the Fib levels like you identified them in your charts. At least it confirms that I am moving in the correct direction. Looking forward to your live session this coming 8th. Happy trading and God bless!
  • #26,280
  • Mar 2, 2017 9:52pm Mar 2, 2017 9:52pm
Quoting Masterrmind
{quote} GJ SL moved to lock in at BE + some {image} Looking good this trade .... go the bears! Masterrmind...........
GJ

As price nears the 140 handle I've tightened up the stop to lock in 10 pips.

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Masterrmind...........
Master your Mind then Master your Trades
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