Ratios & Harmonics: a Different Way to Trade

Quoting Milfortra

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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... {image}

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Quoting Milfortra

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{quote} Projection decreased, depth increased, bears seems to be losing strength. Will wait and see if the bulls will take over.....High volatility in about half an hours time. {image}

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Quoting Milfortra

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{quote} Traded in a complex correction. {image}

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Quoting Milfortra

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{quote} BE {image}

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Quoting Milfortra

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Senior traders - would greatly appreciate to hear your views and comments. Has been pretty quiet here although there are like 25 traders viewing this thread at the moment.

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Quoting trader1969

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{quote} The market is very poor at the moment. I am in a long trade at the moment but I am not going to give it much room because of the range it is stuck in. I am long because the bar by bar is more in favour of the bulls. Lets see what happens.

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Quoting Milfortra

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{quote} Great to hear your views. Thanks. Let's see what happens next....

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Quoting Forthebulls

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{quote} 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.

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Quoting trader1969

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{quote} I am hoping that 20600 holds, if not I will close my trade for a small loss. Come on bulls

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Quoting BroX

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{quote} so as I understand enter should be on high volume

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Quoting Forthebulls

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{quote} You would really have to compare volume to price and see how they interact. High Volume could indicate the beginning of a big move leg, but it could also indicate a point of reversal. I learned a lot about VSA from Rocky's thread (https://www.forexfactory.com/showthread.php?t=309766&page=42), page 42 is where he began implementing VSA if you want to study some charts for ideas.

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Quoting BroX

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{image}

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Quoting trader1969

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{quote} I'm out for a small loss

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Quoting Milfortra

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{quote} Sorry to hear about your small loss. PA is still in a range and it seems that the bears are gaining strength based on the bar by bar analysis. Expectation is still for a NSL. Will probably call it a day without any further trades for today. Good luck and all the best for those still hunting.... {image}

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Quoting Ockham

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{quote} may i ask why did you expect a deep retracement like this after this strong bullish momentum ? Don't you think price could react according to order flow around 38.2% fibo instead ? {image}

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Quoting trader1969

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This market is absolutely shocking at the moment. Lets hope it gets better soon or I will have to start looking at other markets.

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Quoting Mr. Pip

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{quote} I don't need much these days to put me to sleep and the market is doing what it can now to put me out.

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