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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

  • #26,421
  • Mar 6, 2017 1:41am Mar 6, 2017 1:41am
Stopped for +5, will post a chart later.
  • #26,422
  • Mar 6, 2017 3:13am Mar 6, 2017 3:13am
Quoting Maule
UJ 4H wide range of consolidation. Entered Short at Bearish rotation on Correction to the 78.6% {image}
Could work, personally I think I would pass though because of the many warning signs in the order flow
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CADJPY 3m, was looking for a short in the zone, price did rotate but I'm not sure, not the best rotation, need more info, will wait for a retest and a failed NSH on the immediate to make sure it's weakness and not just profit taking, could miss it though
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the 3rd wave is the crowd's wave
  • #26,423
  • Mar 6, 2017 4:31am Mar 6, 2017 4:31am
EU 4H Trade
I know Mr Pip wouldn't approve of this Bar by Bar Rotation Candle but Entered Short on a Pin Bar.
TP at the 127%
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Play the hand you were dealt.
  • #26,424
  • Mar 6, 2017 4:32am Mar 6, 2017 4:32am
Quoting juriFX
{quote} Could work, personally I think I would pass though because of the many warning signs in the order flow {image} CADJPY 3m, was looking for a short in the zone, price did rotate but I'm not sure, not the best rotation, need more info, will wait for a retest and a failed NSH on the immediate to make sure it's weakness and not just profit taking, could miss it though {image}
Thanks for the added analysis.
Oh well. the Expectation is the expectation. Will keep expecting a NSL till that high gets taken out.
Play the hand you were dealt.
  • #26,425
  • Mar 6, 2017 7:06am Mar 6, 2017 7:06am
Quoting Velikov
Stopped for +5, will post a chart later.
so far +5 , -8....looking for Long
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  • #26,426
  • Mar 6, 2017 7:26am Mar 6, 2017 7:26am
Quoting Velikov
{quote} so far +5 , -8....looking for Long {image}
now is bar by bar time
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  • #26,427
  • Mar 6, 2017 7:41am Mar 6, 2017 7:41am
long
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  • #26,428
  • Edited 7:58am Mar 6, 2017 7:48am | Edited 7:58am
AJ Long (M5 Chart) from London Open.
In two minds about this one. I ended up closing it for a small profit, partly because I had to leave the computer.
Long Term Order Flow was Bearish.

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Price made a short term NSH, so I entered long on a rather large rotation candle at the 38.2 of the previous short term bullish swing.
My immediate expectations were for a 1:1 harmonic competion, which was part of the reason I exited the trade early, as I hadn't realized that the R:R wasn't even 1:1.
I also, however, expected a mid to large pullback, at least to the 61.8 fib, due to the prior bearish swing creating a very weak projection with less momentum.
By leaving my profit target at the 61.8 of the previous swing, the trade would have worked out fine.
  • #26,429
  • Mar 6, 2017 7:49am Mar 6, 2017 7:49am
Quoting Velikov
long {image}
I would not have taken that trade due to the huge increase in bearish momentum in that past candle and no decent rotation candle, although you are trading with the expectation of a nsh, it was a very weak one with not too much momentum from the bulls, good luck!
  • #26,430
  • Mar 6, 2017 7:57am Mar 6, 2017 7:57am
Quoting Hazza88
{quote} I would not have taken that trade due to the huge increase in bearish momentum in that past candle and no decent rotation candle, although you are trading with the expectation of a nsh, good luck!
Price was in the decent demand zone, .618 fib., made abcd correction to the zone , expectation is for NSH ,the bar after the doji was decent and the R/R is good....
  • #26,431
  • Mar 6, 2017 8:02am Mar 6, 2017 8:02am
Quoting Velikov
{quote} Price was in the decent demand zone, .618 fib., made abcd correction to the zone , expectation is for NSH ,the bar after the doji was decent and the R/R is good....
Well theres not enough information for me on the chart you posted, did you draw the zone from looking a bit further back too? what is the market your trading? yea you do have the expectation on your side and decent RR, hope it works out for you
  • #26,432
  • Mar 6, 2017 8:06am Mar 6, 2017 8:06am
Quoting Hazza88
{quote} Well theres not enough information for me on the chart you posted, did you draw the zone from looking a bit further back too? what is the market your trading? yea you do have the expectation on your side and decent RR, hope it works out for you
USDJPY ....This is how the prefect bear trap looks like !!!
  • #26,433
  • Mar 6, 2017 8:08am Mar 6, 2017 8:08am
GM Traders,

I hope everyone had a great weekend. The live stream is almost here on Wednesday the 8 just a couple of days away. I'm doing it early in the month because my wife is scheduled to have our son on the 15 so I'm not sure if he will come early or how busy I will be once he is here. I will be missing a few days once he is born but I won't be gone very long. I'm very excited to meet my son and keep what we have here going.

I wanted to say that a VSA (Volume Spread Analysis) PDF was posted in here as I gave the go ahead which I really appreciate the respect. I finally got a chance to read it over the weekend and there are things I agree with and other things I don't agree with. We must also understand that the author is pushing a product and therefore the information will be subjective and manipulated. I will be incorporating my own way of conducting VSA without indicators like everything else I do. We will be jumping into this in a couple of weeks. We have made great progress and I would like to give you some extra time to get more comfortable with Order Flow and setups.
If you fail to plan, you plan to fail.
  • #26,434
  • Mar 6, 2017 8:14am Mar 6, 2017 8:14am
VSA is something I will incorporate because it is important to understand when imbalance will be a factor in trading and who should benefit from it. I am starting to put it together for you all and it will take me a couple of weeks before I have something I can present as I don't like to put out shit.
If you fail to plan, you plan to fail.
  • #26,435
  • Mar 6, 2017 8:15am Mar 6, 2017 8:15am
I will be catching up later on the posts and will be posting my trades in real time as usual.
If you fail to plan, you plan to fail.
  • #26,436
  • Mar 6, 2017 8:18am Mar 6, 2017 8:18am
Quoting Mr. Pip
GM Traders, I hope everyone had a great weekend. The live stream is almost here on Wednesday the 8 just a couple of days away. I'm doing it early in the month because my wife is scheduled to have our son on the 15 so I'm not sure if he will come early or how busy I will be once he is here. I will be missing a few days once he is born but I won't be gone very long. I'm very excited to meet my son and keep what we have here going. I wanted to say that a VSA (Volume Spread Analysis) PDF was posted in here as I gave the go ahead which I really appreciate...
Morning damian, wishing you all the best this week with your trading and the birth of your son!
  • #26,437
  • Mar 6, 2017 8:19am Mar 6, 2017 8:19am
Quoting Hazza88
{quote} Morning damian, wishing you all the best this week with your trading and the birth of your son!
Thank you my friend 9 days left. We have been looking for this for a long time.
If you fail to plan, you plan to fail.
  • #26,438
  • Mar 6, 2017 8:25am Mar 6, 2017 8:25am
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Long the 6E, im trading with the bullish momentum, I would have a preferred a deeper pullback from the that weak nsh but the reaction is from a decent zone that i drew on my chart earlier. One thing i messed up on is the entry candle, i opened the trade before the candle close and in the final ticks it dropped down which would have stopped me from entering.
  • #26,439
  • Mar 6, 2017 8:32am Mar 6, 2017 8:32am
Quoting Velikov
stop on b/e I am going out for work ....will try to manage this from my mobile app {image}
Really good trade management under the conditions of having to go to your dead end job .... hearing those words made my day.

Keep that thought while you push yourself to learn this art.

It is truly worth the effort and you'll know that when you start hitting winners in a sequence and the losers start becoming insignificant.

Good trading,

Masterrmind.........
Master your Mind then Master your Trades
  • #26,440
  • Mar 6, 2017 8:32am Mar 6, 2017 8:32am
Attached Image (click to enlarge)
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Stopped out breakeven +1
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