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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

  • #27,241
  • Mar 28, 2017 5:27am Mar 28, 2017 5:27am
My two trades for this evening:
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 2017-03-28 19_28_21-AUDUSD,M1_loss 0.4 position.png Size: 61 KB
  • #27,242
  • Mar 28, 2017 8:06am Mar 28, 2017 8:06am
Quoting tmiddled
My two trades for this evening: {image} {image}
Hi tmiddled, just my 2cents on your EU m1 chart, you will found explanation on chart, in conclusion to my explanation i would more expect after price failed to make a NSL a retracement between the 61.8% and 78.6% fibo of course it will be a better R:R but a more risky trade, any way according to my though process the rotation will not happened in this pink rectangle area so no trade to took. Of course according to my analysis your trade was also too early, may be not taking enough in consideration the first retracement to 38.2%.

Of course this is not a live analysis as yours, so much more easy to do after !
Regards
Ockham
Attached Image (click to enlarge)
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There is no way to happiness , happiness is the way.
  • #27,243
  • Mar 28, 2017 8:21am Mar 28, 2017 8:21am
Quoting Ockham
{quote} Hi tmiddled, just my 2cents on your EU m1 chart, you will found explanation on chart, in conclusion to my explanation i would more expect after price failed to make a NSL a retracement between the 61.8% and 78.6% fibo of course it will be a better R:R but a more risky trade, any way according to my though process the rotation will not happened in this pink rectangle area so no trade to took. Of course according to my analysis your trade was also too early, may be not taking enough in consideration the first retracement to 38.2%. Of course...
"PA failed to make a NSL so now I expect a deep retracement...", but it can be a small pullback and then price makes a NSL. I did not see Mr.Pip to close trades at that point... Or I mistake??
  • #27,244
  • Mar 28, 2017 8:26am Mar 28, 2017 8:26am
can i ask if anyone trading the YM looks at the es at all for either conformation or use's it to help influence a trade decision on the ym
  • #27,245
  • Mar 28, 2017 8:33am Mar 28, 2017 8:33am
Hi all,

It is a nightmare at work, I cannot trade. I wish you all good profits!
  • #27,246
  • Mar 28, 2017 9:08am Mar 28, 2017 9:08am
Quoting BroX
{quote} is it ok that SL>TP?
No it's not. Risk is greater than Reward in this case. But moving the SL closer would put it in danger of getting hit.
Play the hand you were dealt.
  • #27,247
  • Mar 28, 2017 10:40am Mar 28, 2017 10:40am
Quoting BroX
{quote} "PA failed to make a NSL so now I expect a deep retracement...", but it can be a small pullback and then price makes a NSL. I did not see Mr.Pip to close trades at that point... Or I mistake??
The retracement at 38%, first blue circle, and pa failed to make a NSL,red circle, was before his entry as you can see on his chart, so this NSL failure was "just" an information, imho, to found an entry on a deeper retracement, which never happened in the pink rectangle area and could probably avoid a fake rotation entry.
There is no way to happiness , happiness is the way.
  • #27,248
  • Mar 28, 2017 11:03am Mar 28, 2017 11:03am
Short 6J and got stopped out on the tick ...and then price dropped. This trade made me pretty frustrated.
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  • #27,249
  • Mar 28, 2017 11:16am Mar 28, 2017 11:16am
Quoting Ockham
{quote} The retracement at 38%, first blue circle, and pa failed to make a NSL,red circle, was before his entry as you can see on his chart, so this NSL failure was "just" an information, imho, to found an entry on a deeper retracement, which never happened in the pink rectangle area and could probably avoid a fake rotation entry.
My bad, sorry
  • #27,250
  • Edited 5:17pm Mar 28, 2017 5:00pm | Edited 5:17pm
Quoting smarajit1
{quote} thats fine. but can you please answer the correctness of my shark and expectation of fall?
Looks like your Shark analysis for the GU 4Hr was on point. Hope you took the trade cause it turned from the PRZ with strong momentum.
I plan on entering Long at the 38.2% or the 68.1%
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Edit: Same thing for the EU.
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Play the hand you were dealt.
  • #27,251
  • Mar 29, 2017 1:48am Mar 29, 2017 1:48am
Hello to everyone. Sometimes it's really difficult to do order flow analysis because price movement is very bad. Could you please
check my screenshots and say if I did everything right or not.
Attached Image(s) (click to enlarge)
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  • #27,252
  • Mar 29, 2017 3:37am Mar 29, 2017 3:37am
Quoting Ockham
{quote} Hi tmiddled, just my 2cents on your EU m1 chart, you will found explanation on chart, in conclusion to my explanation i would more expect after price failed to make a NSL a retracement between the 61.8% and 78.6% fibo of course it will be a better R:R but a more risky trade, any way according to my though process the rotation will not happened in this pink rectangle area so no trade to took. Of course according to my analysis your trade was also too early, may be not taking enough in consideration the first retracement to 38.2%. Of course...
Thanks for taking the time to analyse. Very informative and hopefully improves my trading :-)
  • #27,253
  • Mar 29, 2017 5:46am Mar 29, 2017 5:46am
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  • #27,254
  • Mar 29, 2017 6:10am Mar 29, 2017 6:10am
Quoting BroX
{image}
If you keep doing it this way eventually you will start to see structure and anticipate where price is likely to go. the lines will slowly decrease as eyes sharpen then you can scale in on short term. good job
Empower Your Mind
  • #27,255
  • Mar 29, 2017 7:21am Mar 29, 2017 7:21am
Today I traded in forextester and got 9 minus almost in a row.... I did not break any rule, if expectation was deep correction, I waited for rotation near 60-80 fibo levels, but price always was against me...
Do you guys analyse higher timeframes?
  • #27,256
  • Mar 29, 2017 7:39am Mar 29, 2017 7:39am
Quoting BroX
Today I traded in forextester and got 9 minus almost in a row.... I did not break any rule, if expectation was deep correction, I waited for rotation near 60-80 fibo levels, but price always was against me... Do you guys analyse higher timeframes?
Mr Pip advised to trade with only 1 timeframe of our own choosing. Are you trading with normal MT4 charts or with future's tick chart?
  • #27,257
  • Mar 29, 2017 7:45am Mar 29, 2017 7:45am
Quoting Milfortra
{quote} Mr Pip advised to trade with only 1 timeframe of our own choosing. Are you trading with normal MT4 charts or with future's tick chart?
I trade 5 minute timeframe. i did not analysed any other timeframe.
  • #27,258
  • Mar 29, 2017 8:00am Mar 29, 2017 8:00am
Quoting BroX
{quote} I trade 5 minute timeframe. i did not analysed any other timeframe.
I personally do not trade time frames UNLESS I have a volume indicator added. If you are trading tick charts or volume charts this is not needed, but keep in mind a time based bar can look one way, but depending on the volume behind the bar and leading up to the bar, it could mean a dozen different things. Nothing wrong with 5 minute charts for intraday trading, but you should consider adding volume up down to your chart and doing a little research on VSA; it's really pretty simple to understand once you start researching it.
  • #27,259
  • Mar 29, 2017 8:13am Mar 29, 2017 8:13am
Quoting ujku80
{quote} And i wanted to aswer to this comment but i hadn't had time before. So. im doing it now. to tell u the truth i have been having difficulties these last two months too. Feb was a tough but i managed to get 20pips + enough to call it BE. March I'm 40 pips minus, for which in principle I just need one trade to delete the loss, but the point is that it has been a really tough month for me too. The question is, does it matter so much if I loose the trade which I'm in right now, or if march becomes a loosing month? No. Because i know that i'll...
Hey pal, that's great advice, to be honest I'm over that wretched feeling I had before the weekend, just have to move on and not let these losses dictate my future trades, it's been a great reminder from yours and others comments about this. I'm not live trading this week just to get my head completely clear but I'll be back at it next week. Cheers mate, have a profitable one
  • #27,260
  • Mar 29, 2017 8:48am Mar 29, 2017 8:48am
Wanted to short at 605 but PA looked like it was heading into support area and did not have a chance to protect my trade. Will have to wait further...
Attached Image (click to enlarge)
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