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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

  • #27,321
  • Mar 30, 2017 9:13am Mar 30, 2017 9:13am
Looking for longs now at 20620 area.
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  • #27,322
  • Mar 30, 2017 9:15am Mar 30, 2017 9:15am
Quoting Milfortra
Looking for longs now at 20620 area. {image}
And there it goes.......may just be a watching session today.
  • #27,323
  • Mar 30, 2017 9:32am Mar 30, 2017 9:32am
Quoting Milfortra
{quote} And there it goes.......may just be a watching session today.
Yes, I have not been able to see anything else today. Let's see if it gets better.
If you fail to plan, you plan to fail.
  • #27,324
  • Mar 30, 2017 9:41am Mar 30, 2017 9:41am
Quoting kelvinyun
First trade today. Navigating complex corrections used to be so difficult. Now its just another trade. What do you guys do while trading? I cannot really stay in front of the PC whole time.. driving me crazy. Need something else to do while sitting here for a few hours. {image}
I usually watch Mr. Pips videos within that time as i wait for a perfect area of entry..... @Kelvin.. i would like to have a private conversation with you if you don't mind... ([email protected])
  • #27,325
  • Mar 30, 2017 9:42am Mar 30, 2017 9:42am
Longuing EUR/USD at horizontal line:
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  • #27,326
  • Mar 30, 2017 9:53am Mar 30, 2017 9:53am
Trade protected at horizontal line:
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  • #27,327
  • Mar 30, 2017 9:56am Mar 30, 2017 9:56am
And died already !
  • #27,328
  • Mar 30, 2017 9:58am Mar 30, 2017 9:58am
Quoting Mr. Pip
{quote} Yes, I have not been able to see anything else today. Let's see if it gets better.
Calling it a day without a trade today. Best of luck if you are still hunting. Happy trading...
  • #27,329
  • Mar 30, 2017 10:00am Mar 30, 2017 10:00am
Quoting Milfortra
{quote} Calling it a day without a trade today. Best of luck if you are still hunting. Happy trading...
I am calling a day to except with a 43 point loss.
Never mind, rubbish month again.
  • #27,330
  • Mar 30, 2017 11:22am Mar 30, 2017 11:22am
Just got more respect for my broker! Stoploss didn't trigger and managed to get out at breakeven (because it made a new high, think its better to exit)!
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  • #27,331
  • Mar 30, 2017 11:31am Mar 30, 2017 11:31am
US30 -62 T

These were my thought so far. I'll try to update when things get alittle bit more interesting.

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  • #27,332
  • Mar 30, 2017 11:32am Mar 30, 2017 11:32am
Quoting trader1969
{quote} I am calling a day to except with a 43 point loss. Never mind, rubbish month again.
Sorry to hear that. I know how you feel. Do you mind posting a few charts that I can dissect..... if you dont mind.
  • #27,333
  • Mar 30, 2017 11:33am Mar 30, 2017 11:33am
Quoting Mack2013
US30 -62 T These were my thought so far. I'll try to update when things get alittle bit more interesting. {image}

May I ask, you have any special ratio for being a weak or strong NSH ?
  • #27,334
  • Mar 30, 2017 11:57am Mar 30, 2017 11:57am
Quoting BroX
{quote} But why you did not enter earlier? {image}
Will need to show you what happened prior to that trade.

Price was coming down, then it went up and broke structure--> so I expected a deep correction.

Remember that a lot of money is needed to make price reverse.. so naturally I looked for the strongest SR zones.

Expectations are very very powerful. However, please bear in mind Mr Pip's final lesson - bar by bar analysis.

Expectations are derived from a longer history of price action.

However, recent candle bars represent the current price action. What is that final swing telling you, right before you want to press the "buy/sell" button?

Months ago, Damian told me one thing... "Who is relatively stronger?" Now I finally understood. Trading is simple. Just find out who is stronger... now.

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  • #27,335
  • Mar 30, 2017 12:24pm Mar 30, 2017 12:24pm
Quoting pereiraalex
{quote} May I ask, you have any special ratio for being a weak or strong NSH ?
I consider the 113 and less as a weak projection. with such strength in momentum the 127 at least should be achieved
  • #27,336
  • Mar 30, 2017 8:38pm Mar 30, 2017 8:38pm
Quoting Maule
{quote} AJ Update#1 Price Corrected Deep against me So i entered Short a 2nd and 3rd time at better Price. 1st (original) Entry SL Hit for -106 Pips. {image}
AJ 4Hr Upate#2
SL hit on 2nd and 3rd trades. --57 and -39 pips.
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Play the hand you were dealt.
  • #27,337
  • Mar 30, 2017 8:39pm Mar 30, 2017 8:39pm
Quoting Maule
{quote} EG 4 hr trade Update#1 Price heading south in my favor. +53 so far. Not moving SL to BE. It is All or Nothing. {image}
EG 4hr Update#2
TP hit for +87 Pips
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Play the hand you were dealt.
  • #27,338
  • Mar 30, 2017 10:23pm Mar 30, 2017 10:23pm
Quoting Mack2013
US30 -62 T These were my thought so far. I'll try to update when things get alittle bit more interesting. {image}
Nice looking chart....the black candles really pop up off the grey background.

Easy on the eyes too....when you're sitting there watching a screen for hours, it helps a lot if it strains your eyes as least as possible.

This is why I personally only use charts with very dark background....with white bars for price.

Plus they have a kind of a nice old school DOS command prompt look about them...which I like as well.

But regarding the price action in this particularly chart you posted, if you look closely, after making a NSH price stalls out twice after head and shoulders patterns appear.

They're definitely (no pun intended) a "heads up" that sentiment has changed.....and price is bound to reverse.

In my view patterns (including pennants/flags, w bottoms, m tops etc.) are in fact another form of confluence....one which is frequently overlooked by the majority of traders.
  • #27,339
  • Mar 31, 2017 12:56am Mar 31, 2017 12:56am
EJ m1 +12.9

Took this trade and exited the first entry @ the retest of NSL and the second trade with my tight trailing stop according to my MM even was high probability to a NSL @ 141% fibo expansion.
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There is no way to happiness , happiness is the way.
  • #27,340
  • Mar 31, 2017 5:30am Mar 31, 2017 5:30am
Hello, traders. I have a question. Everythng is on screenshot
P.S Expectation is NSH, made mistake
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