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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

  • #28,681
  • May 10, 2017 9:45am May 10, 2017 9:45am
Quoting Victor_Lin
{quote} Well done, I was considering to take the trade.
Not really a good one cos I freaking long into structure!
  • #28,682
  • May 10, 2017 9:46am May 10, 2017 9:46am
Quoting Milfortra
{quote} Not really a good one cos I freaking long into structure!
Lucky me. Moved SL to BE +2
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  • #28,683
  • May 10, 2017 9:47am May 10, 2017 9:47am
finally survive BE+2
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  • #28,684
  • May 10, 2017 9:52am May 10, 2017 9:52am
Quoting Victor_Lin
finally survive BE+2 {image}
Wonderful! We can both cheer on for the bulls then... Come on bulls!
  • #28,685
  • May 10, 2017 9:57am May 10, 2017 9:57am
Moved TP but got stopped out....+ 27 PIPs
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  • #28,686
  • May 10, 2017 10:06am May 10, 2017 10:06am
Price might take off without me again. Hoping that PA will come back down to my AOI.....
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  • #28,687
  • May 10, 2017 10:23am May 10, 2017 10:23am
Quoting Milfortra
Moved TP but got stopped out....+ 27 PIPs {image}
Congrats. Nice trade.
  • #28,688
  • May 10, 2017 10:29am May 10, 2017 10:29am
Quoting evocpr19
{quote} Congrats. Nice trade.

Thanks but still learning alot from you senior guys....
  • #28,689
  • Edited 1:37pm May 10, 2017 12:41pm | Edited 1:37pm
Looking for long entries but waiting for a deeper correction

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Edit: Price accelerated so on the sidelines, looks like bias may have changed.
  • #28,690
  • May 10, 2017 1:16pm May 10, 2017 1:16pm
the 3rd trade went long, and move to BE +2, cos it's time to sleep.
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  • #28,691
  • May 10, 2017 1:24pm May 10, 2017 1:24pm
The price down through quickly, but there's no any slippage.
SL at BE+2, I am BE-man today.
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  • #28,692
  • May 10, 2017 2:46pm May 10, 2017 2:46pm
NDX, +11 in total (+3, +8)

I think that the second trade is a 3A set up, a 9/10 winner.
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  • #28,693
  • May 10, 2017 6:25pm May 10, 2017 6:25pm
Quoting Milfortra
Long. {image}
Nice trade! But bro did you skip confluence here?

1. The order flow momentum of the swing coming down seems stronger than the previous up swing.

2. Your stop loss was place very far away, because of the long term structure?
  • #28,694
  • May 10, 2017 7:11pm May 10, 2017 7:11pm
Quoting lithium1
{quote} Nice trade! But bro did you skip confluence here? 1. The order flow momentum of the swing coming down seems stronger than the previous up swing. 2. Your stop loss was place very far away, because of the long term structure?
While looking for my area of interest, I had noticed that the bulls were accumulating and the bears were consuming on the way down to my AOI.
  • #28,695
  • May 10, 2017 7:14pm May 10, 2017 7:14pm
Quoting lithium1
{quote} Nice trade! But bro did you skip confluence here? 1. The order flow momentum of the swing coming down seems stronger than the previous up swing. 2. Your stop loss was place very far away, because of the long term structure?
Momemtum was also slowing down. SL was placed 10 Pips below last swing low.
  • #28,696
  • May 10, 2017 8:23pm May 10, 2017 8:23pm
Quoting lithium1
{quote} Nice trade! But bro did you skip confluence here? 1. The order flow momentum of the swing coming down seems stronger than the previous up swing. 2. Your stop loss was place very far away, because of the long term structure?
There was so much confluence for that long, I'll post a chart tomorrow.
  • #28,697
  • May 11, 2017 12:41am May 11, 2017 12:41am
Quoting lithium1
{quote} Nice trade! But bro did you skip confluence here? 1. The order flow momentum of the swing coming down seems stronger than the previous up swing. 2. Your stop loss was place very far away, because of the long term structure?
I also thought that the bullish swing was pretty weak and I skipped the trade. I'm noticing lately that I'm paying too much attention to momentum and I shouldn't base my entry on the momentum but rather base my expectation for how strongly price should react to my area. Does this make sense ?
  • #28,698
  • Edited 4:02am May 11, 2017 3:09am | Edited 4:02am
USDJPY, 58tick chart
expectation NSL
Entered short between 61.8 and 78.6 correction
Bears seemed to be accumulating a bit
Entry on nice rotation but bulls came up with too much strength.
The third leg up was much weaker and also showed nice rotation candles.
Next time: don't enter after increase of strength.
SL above lower high
TP in a 1:1 completion area+area of 127-138.2 extension
If somethings wrong or inaccurate please comment, I want to learn thanks!

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  • #28,699
  • May 11, 2017 5:16am May 11, 2017 5:16am
Quoting PeterT
USDJPY, 58tick chart expectation NSL Entered short between 61.8 and 78.6 correction Bears seemed to be accumulating a bit Entry on nice rotation but bulls came up with too much strength. The third leg up was much weaker and also showed nice rotation candles. Next time: don't enter after increase of strength. SL above lower high TP in a 1:1 completion area+area of 127-138.2 extension If somethings wrong or inaccurate please comment, I want to learn thanks! {image}
Moving veeeeeery slowly
Now protected at BE in case price starts to do crazy things
  • #28,700
  • May 11, 2017 5:38am May 11, 2017 5:38am
Quoting PeterT
USDJPY, 58tick chart expectation NSL Entered short between 61.8 and 78.6 correction Bears seemed to be accumulating a bit Entry on nice rotation but bulls came up with too much strength. The third leg up was much weaker and also showed nice rotation candles. Next time: don't enter after increase of strength. SL above lower high TP in a 1:1 completion area+area of 127-138.2 extension If somethings wrong or inaccurate please comment, I want to learn thanks! {image}
Moved SL aggressively when price reached 127 exhaustion.
SL hit +13.5 pips

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