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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

  • #28,441
  • May 5, 2017 12:53am May 5, 2017 12:53am
Quoting Ockham
6E 144t what do you think about this scenario ? could be interesting {image}
Looks like a nice ABCD pattern completion. Would even be better if there is 1 to 1 completion on the last leg of CD with momentum of the bulls slowing down towards the PRZ. If I have that on the YM, I would definately take it but this is 6E so I cannot really comment much as I don't know how this fella moves.....
  • #28,442
  • May 5, 2017 2:10am May 5, 2017 2:10am
Looking for short in the blue area if price can get there.
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  • #28,443
  • May 5, 2017 2:50am May 5, 2017 2:50am
Quoting Milfortra
{quote} Looks like a nice ABCD pattern completion. Would even be better if there is 1 to 1 completion on the last leg of CD with momentum of the bulls slowing down towards the PRZ. If I have that on the YM, I would definately take it but this is 6E so I cannot really comment much as I don't know how this fella moves.....
Yes exactly Milforta, i enter first time according to my initial plan with bull engulfing in my zone, but bears came back so i have a little bit time to try to understand and i also remark that if i report the first BC price will arrive in my 2nde entry where there was also a nice bull engulfing, usually i stop trading at this point and wait for SL or TP but price came down again and i enter a third times, why ? this is just on my long observation of EU fx i noted that in a bull trend before the close of the hour candle one part push and more often the bears because at 9 am London when market open price retrace quickly in the direction of the trend, of course this is just my observations and my conclusion... so i did the last entry when at 9 am i have confirmation of my theory on the 78.6% of the main swing and with a strong bull rotation and as i was over exposed i exited @my daily ticks target even if PA was still pushing up.
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There is no way to happiness , happiness is the way.
  • #28,444
  • May 5, 2017 5:48am May 5, 2017 5:48am
short usd/jpy
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  • #28,445
  • May 5, 2017 6:00am May 5, 2017 6:00am
Quoting Ockham
{quote} Yes exactly Milforta, i enter first time according to my initial plan with bull engulfing in my zone, but bears came back so i have a little bit time to try to understand and i also remark that if i report the first BC price will arrive in my 2nde entry where there was also a nice bull engulfing, usually i stop trading at this point and wait for SL or TP but price came down again and i enter a third times, why ? this is just on my long observation of EU fx i noted that in a bull trend before the close of the hour candle one part push and...
Amazing! Very good trade management on your part
  • #28,446
  • May 5, 2017 6:13am May 5, 2017 6:13am
doesn't look good the bulls are getting stronger maybe i should get out with a small loss
let see what happens
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  • #28,447
  • May 5, 2017 6:52am May 5, 2017 6:52am
Quoting x3m-PippiN
{quote} Amazing! Very good trade management on your part
Thank you but as everyone i prefer when price push strong after the rotation but of course trades are not all like this and sometimes we need to put more efforts for win some ticks
There is no way to happiness , happiness is the way.
  • #28,448
  • May 5, 2017 6:56am May 5, 2017 6:56am
Quoting civo
doesn't look good the bulls are getting stronger maybe i should get out with a small loss let see what happens {image}
seems you are arriving at the completion of the ab=cd which could give you a PRZ in your direction, and also a nice fibo from the main swing and if price failed to break the 78,6% this could be good for bears, good luck for your trade.
There is no way to happiness , happiness is the way.
  • #28,449
  • May 5, 2017 7:10am May 5, 2017 7:10am
Quoting Ockham
{quote} seems you are arriving at the completion of the ab=cd which could give you a PRZ in your direction, and also a nice fibo from the main swing and if price failed to break the 78,6% this could be good for bears, good luck for your trade.
thanks for your comment !
i'm only worried about the momentum on the second leg
  • #28,450
  • May 5, 2017 7:40am May 5, 2017 7:40am
s/l hit lycky its only demo
got still a lot to learn

have a nice weekend all
  • #28,451
  • May 5, 2017 7:57am May 5, 2017 7:57am
Quoting civo
s/l hit lycky its only demo got still a lot to learn have a nice weekend all
News got you. Nothing you could have done except manage the trade tightly when news arrival approached. Next!
  • #28,452
  • Edited 9:07am May 5, 2017 8:18am | Edited 9:07am
EURUSD long
thumbs up

grtz Peter

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EDIT:
Moved SL to BE+3.
Strong resistance level, hope I survive :-)

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  • #28,453
  • May 5, 2017 8:28am May 5, 2017 8:28am
Quoting Lundies10
{quote} News got you. Nothing you could have done except manage the trade tightly when news arrival approached. Next!
exactly
oh well thats why we are here to learn
  • #28,454
  • May 5, 2017 8:57am May 5, 2017 8:57am
short
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  • #28,455
  • May 5, 2017 9:02am May 5, 2017 9:02am
Quoting Velikov
short {image}
I do not like the price action in this area. I wait for more information.
  • #28,456
  • May 5, 2017 9:08am May 5, 2017 9:08am
Quoting evocpr19
{quote} I do not like the price action in this area. I wait for more information.
I believe PA is still in a complex correction in both the immediate and shorter TF. I still need to see what PA does outside of the current range.
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  • #28,457
  • May 5, 2017 9:19am May 5, 2017 9:19am
What are your views on YM guys?
  • #28,458
  • May 5, 2017 9:20am May 5, 2017 9:20am
Quoting Milfortra
What are your views on YM guys?
I'm on the sides on YM but my l/t outlook is long.
  • #28,459
  • May 5, 2017 9:21am May 5, 2017 9:21am
Quoting Milfortra
What are your views on YM guys?
a mess
  • #28,460
  • May 5, 2017 9:24am May 5, 2017 9:24am
Quoting Milfortra
What are your views on YM guys?
Maybe looking for short as long as the price go to around 880 with weak bar.
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