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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

  • #26,941
  • Mar 15, 2017 5:09pm Mar 15, 2017 5:09pm
Quoting Maule
EU 4Hr Entered Long on Bullish Rotation between the 50% and 61.8% Targets set between the 127% to 138% {image}
EU 4Hr Update#1
Moved SL to Lock in +81 pips. Trailing aggressively as price nears the 127%
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Play the hand you were dealt.
  • #26,942
  • Mar 15, 2017 5:17pm Mar 15, 2017 5:17pm
Quoting Maule
{quote} GA 4Hr Update# 1. Price trapped in a Wedge/Pendant. Bears loosing Strength. {image}
GA 4Hr Trade. Update#2
Moved SL to lock in more profit (+21 pips)
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Play the hand you were dealt.
  • #26,943
  • Mar 15, 2017 5:53pm Mar 15, 2017 5:53pm
Quoting Ockham
{quote} Nice pips catched DizzleFX Are you trading from tradingview or was just because you re far from your PC ? it's a really nice platform and mac friendly ! but i tried some months ago and it was not possible to set SL in same time you entered, was also not possible to take partial profit... Actually on MT4 but zooming unzooming is not really user friendly looking for something else !
Hello Ockham. Yes, I am using Tradingview just because I am away from my computer. I much more prefer Ninjatrader and that is what I use when at home. As for setting a SL when using Tradingview from a windows computer, the option for SL is available as soon as you place the order. You can set it either by a certain amount of pips for specific price. I'm not to sure of any other options for MAC, sorry.
Damn The Torpedoes, Full Speed Ahead!
  • #26,944
  • Mar 15, 2017 6:21pm Mar 15, 2017 6:21pm
Quoting Maule
{quote} Here's the spreadsheet that tells which currency pairs correlate with one another. Usefull tool to prevent over trading and doubling one's risk. http://www.currensys.com/correlation.php Instruction manual http://www.currensys.com/resources/C...0Explained.pdf (http://www.currensys.com/resources/Correlation%20Explained.pdf) Page 7-9.
Another site to help identify currency pairs that move in correlation.
This one would cater to the 5min chart users i.e intraday traders.
https://www.mataf.net/en/forex/tools/correlation and it's pretty simpler to operate imo
Play the hand you were dealt.
  • #26,945
  • Mar 15, 2017 8:32pm Mar 15, 2017 8:32pm
Quoting Maule
{quote} GA 4Hr Trade. Update#2 Moved SL to lock in more profit (+21 pips) {image}
BE SL hit for +21 Pips. Next Trade
Play the hand you were dealt.
  • #26,946
  • Mar 15, 2017 11:39pm Mar 15, 2017 11:39pm
Hello everyone. Just looking for a critique of my analysis here. Still practicing. Thanks!
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  • #26,947
  • Mar 16, 2017 12:05am Mar 16, 2017 12:05am
Quoting Lundies10
Hello everyone. Just looking for a critique of my analysis here. Still practicing. Thanks! {image}
Hi Lundies10, i did this analyse too and entered in this trade some times ago after bearish momentum, i noticed that the retracement was deep but show weakness reason why i enter short for trying to take some profit on the retest of the NSL.
But as you saw momentum is really low at this time on each currency, not sure Asia session will give us something..as usual !

Also interested in other opinion for LT but since Yellen seems USD will need something to go stronger, not sure this will arrives soon, will still continue trading ST following the momentum.
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There is no way to happiness , happiness is the way.
  • #26,948
  • Mar 16, 2017 1:30am Mar 16, 2017 1:30am
UJ m1 +19.4

Result of UJ Explanation on chart, may be we will re test the NSL as i was thinking but m1 give a lot of information of ST structure, may be too much ? i don't know yet, i'm used to trade m1 and Mr.Pip said trade what you have in front of you, some of you have experienced m1 or 34 tick ? did not see so much m1 on this thread any advice..?
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There is no way to happiness , happiness is the way.
  • #26,949
  • Mar 16, 2017 1:45am Mar 16, 2017 1:45am
EU m1 +3.2 + locked in profited +8.3
Just following m1 momentum and ab=cd

AU m1 -7.7

did not take imho in consideration that the previous bear trend was with weak momentum and weak projectio, so i expected huge retracement around 61.8% 78.6% and i entered in this area after a nice bearish engulfing with volume but PA did not follow and i was stopped, notice that with Mr.Pip system R:R is good enough to not worry to much by losses
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There is no way to happiness , happiness is the way.
  • #26,950
  • Mar 16, 2017 3:08am Mar 16, 2017 3:08am
Quoting crixus
{quote} What tool did you use to download these youtube videos?
4k downloader
I follow only one person and his strategies...
  • #26,951
  • Mar 16, 2017 4:54am Mar 16, 2017 4:54am
Quoting chotabheem
{quote} 4k downloader
keepvid.com is good as well
  • #26,952
  • Mar 16, 2017 4:55am Mar 16, 2017 4:55am
Quoting Maule
{quote} EU 4Hr Update#1 Moved SL to Lock in +81 pips. Trailing aggressively as price nears the 127% {image}
EU 4Hr trade.
Update#2
SL hit for +81 pips.

Edit: Plan on including 'Correspondence' in my trade plan. That is to say "Avoid Trading pairs that go in the same direction". Helps to stop the over exposure to risk.
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Play the hand you were dealt.
  • #26,953
  • Mar 16, 2017 8:54am Mar 16, 2017 8:54am
Today' UJ trades and longer terms expectation..
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  • #26,954
  • Mar 16, 2017 9:46am Mar 16, 2017 9:46am
UJ expectation in little more detail..
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  • #26,955
  • Mar 16, 2017 10:15am Mar 16, 2017 10:15am
Quoting sdatta
UJ expectation in little more detail.. {image}

First expectation met
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  • #26,956
  • Edited 11:44am Mar 16, 2017 10:32am | Edited 11:44am
My view on YM 06-17, 233 tick,

A NSL is just created when price tanked below 20880.
Momentum was good to the downside from 20950 to 20895, then a bit paced as it was taking out the 20880 lows and once again steep as it approached 20850.
Next structure on the downside is around 20820-20812.
I expect a pullback to the structure around 20890-20900 but could be shallower than that as the momentum is good till now.
The last good n decent high here, for me personally, is at 20953, then it was a straight dip to 20850 if we ignore the mini pullbacks.
So am taking the 20953 to 20850 as the main wave for now. This could change in minutes if the bleeding continues.
Good projection from the 20923 low, so shallow depth I suppose. Waiting on.

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Another perspective on this would be awesome.

update,

so, it pulled back to the structure around 20890-20900 as expected, but what now,

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I follow only one person and his strategies...
  • #26,957
  • Mar 16, 2017 10:36am Mar 16, 2017 10:36am
Quoting sdatta
Today' UJ trades and longer terms expectation.. {image}
Hey Sdatta. Nice analysis here though I had the opposite expectation. There are 2 crucial points in my analysis that cause my result to differ from yours. The first labeled point "NSL OR RETEST" - did you count it as a NSL or a retest? This is significant because it may change "POINT B" from a retest to a NSH, ultimately changing our expectation. The "NSL OR RETEST" point DID close below the previous NSL but only barely. Based on your expectation, I am assuming you called it a retest - allowing POINT B to be a retest of the previous LH.
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  • #26,958
  • Edited 11:02am Mar 16, 2017 10:44am | Edited 11:02am
Quoting Lundies10
{quote} Hey Sdatta. Nice analysis here though I had the opposite expectation. There are 2 crucial points in my analysis that cause my result to differ from yours. The first labeled point "NSL OR RETEST" - did you count it as a NSL or a retest? This is significant because it may change "POINT B" from a retest to a NSH, ultimately changing our expectation. The "NSL OR RETEST" point DID close below the previous NSL but only barely. Based on your expectation, I am assuming you called it a retest - allowing POINT B to be a retest of the previous LH....
That 550 level is a brickwall and hence its taking time to make a NSH on short term.. but if you zoom out to longer term.. there is a retracement due.. but needs to close above that 61.8..
  • #26,959
  • Mar 16, 2017 11:12am Mar 16, 2017 11:12am
I have no time to trade, because of work and a birthday
  • #26,960
  • Mar 16, 2017 11:22am Mar 16, 2017 11:22am
Sdatta,

I'm thinking the same thing as you. It seems this low area is a very strong area of structure LT and it just made a NSH. So I'm thinking it should start moving back upwards soon.

I'm currently long on UJ for a longer term trade.
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