Ratios & Harmonics: a Different Way to Trade | Page 1439 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

"Ratios & Harmonics: a Different Way to Trade." Summary 37 replies

Learning to trade with harmonics 11 replies

Time for Change - Pivots & Harmonics to freedom 67 replies

180 reasons to trade Harmonics and Patterns 13 replies

Group Trading based on Elliott wave and Harmonics 0 replies

Attachments: Ratios & Harmonics: a Different Way to Trade
Exit Attachments

Ratios & Harmonics: a Different Way to Trade

  • #28,761
  • May 12, 2017 9:36am May 12, 2017 9:36am
Quoting Victor_Lin
risky short, TP around 8 {image}
Same short but got taken out at BE+2
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 74 KB
  • #28,762
  • May 12, 2017 9:39am May 12, 2017 9:39am
Quoting Velikov
{quote} Not so risky.....the market is in range maybe 10 , 15 points are possible!!!!
because the bar is -10, the potential profit was decreased. In other words, IMO the risk was increased.
  • #28,763
  • May 12, 2017 9:45am May 12, 2017 9:45am
Quoting Victor_Lin
{quote} because the bar is -10, the potential profit was decreased. In other words, IMO the risk was increased.
I'm watching for BO in small range like this to make some profiit you should probably trade the edges !!!
  • #28,764
  • May 12, 2017 9:58am May 12, 2017 9:58am
NQ +14.25
YM +16

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 116 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 83 KB
  • #28,765
  • May 12, 2017 10:05am May 12, 2017 10:05am
Great work guys! You all still managed to produce nice green PIPs on YM with today's PA. I am still watching and waiting for the right moment....
  • #28,766
  • May 12, 2017 10:08am May 12, 2017 10:08am
Maybe long play.....waiting for PB !!!!
  • #28,767
  • May 12, 2017 10:34am May 12, 2017 10:34am
Quoting Velikov
Maybe long play.....waiting for PB !!!!
2 long scalps -11 and +17
  • #28,768
  • Edited 11:36am May 12, 2017 11:12am | Edited 11:36am
Something like this is on my mind...

Edit: The projection for the correction isn't the same length as the previous two downward lines. It's the previous downward leg. (not drawn) My default colour is red for the lines so.. I forgot to change it.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 69 KB


Edit 2 : With that bearish candle I'm not planning on entering.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 69 KB


Overall for today:
6J- on the sides
YM- BE+2
  • #28,769
  • May 12, 2017 12:59pm May 12, 2017 12:59pm
2nd long BE +2
Price looks like going up again without me.
Attached Image (click to enlarge)
Click to Enlarge Name: 20170512_2.PNG Size: 82 KB
  • #28,770
  • May 12, 2017 2:50pm May 12, 2017 2:50pm
5 scalps 3W, 2L P/L +21
Attached Image (click to enlarge)
Click to Enlarge Name: 05_12.png Size: 56 KB
  • #28,771
  • May 12, 2017 10:01pm May 12, 2017 10:01pm
Quoting x3m-PippiN
Something like this is on my mind... Edit: The projection for the correction isn't the same length as the previous two downward lines. It's the previous downward leg. (not drawn) My default colour is red for the lines so.. I forgot to change it. {image} Edit 2 : With that bearish candle I'm not planning on entering. {image} Overall for today: 6J- on the sides YM- BE+2
Congrates on another successful day! Damian still takes BE as a successful trade....

I had the same lines drawn on my charts and could not find any confluence of the harmonics and fib levels. Moreover PA was just drifting sideways and I could not differentiate the strength of neither the bulls nor the bears until I saw the 2nd leg move to the up side. It did make a 1 to 1 completion with very little projection so I expected a very deep correction. By that time PA retraced to about 38.2%, it was already my bedtime. Therefore, another watching day last night.....

Was thinking of monitoring another Futures chart after having days like last night where price did not move the way I wanted. But after listening to Damian in his 21st Feb live session recording, I will stick to YM as advised by him. Have a great and restful weekend guys!
  • #28,772
  • May 13, 2017 2:47am May 13, 2017 2:47am
Quoting Victor_Lin
2nd long BE +2 Price looks like going up again without me. {image}
Hey Victor_Lin may I ask why you protected so early?
Is it because price was ranging?

Grtz Peter
  • #28,773
  • May 13, 2017 3:00am May 13, 2017 3:00am
Quoting Milfortra
{quote} Congrates on another successful day! Damian still takes BE as a successful trade.... I had the same lines drawn on my charts and could not find any confluence of the harmonics and fib levels. Moreover PA was just drifting sideways and I could not differentiate the strength of neither the bulls nor the bears until I saw the 2nd leg move to the up side. It did make a 1 to 1 completion with very little projection so I expected a very deep correction. By that time PA retraced to about 38.2%, it was already my bedtime. Therefore, another watching...

Hey Milfortra

Do you always expect a deep correction after a weak NSH like this one?
I'm asking because I see the bulls had to come from deep, that's why they could only make a weak NSH, but they did it with strength, so after that I would actually expect a weak pullbask into the 38.2-50% zone, where there is also structure.
Am I wrong to assume that? Should we always expect deep correction after a weak NSH?

Grtz Peter
  • #28,774
  • May 13, 2017 3:22am May 13, 2017 3:22am
Quoting PeterT
{quote} Hey Victor_Lin may I ask why you protected so early? Is it because price was ranging? Grtz Peter
It's a sideways market, and mid-night in my time zone. So, I move SL to BE after +10.
  • #28,775
  • May 13, 2017 4:11am May 13, 2017 4:11am
Quoting Victor_Lin
{quote} It's a sideways market, and mid-night in my time zone. So, I move SL to BE after +10.
Ohww okay had not noticed the time
  • #28,776
  • May 13, 2017 4:53am May 13, 2017 4:53am
Quoting PeterT
{quote} Hey Milfortra Do you always expect a deep correction after a weak NSH like this one? I'm asking because I see the bulls had to come from deep, that's why they could only make a weak NSH, but they did it with strength, so after that I would actually expect a weak pullbask into the 38.2-50% zone, where there is also structure. Am I wrong to assume that? Should we always expect deep correction after a weak NSH? Grtz Peter
Hi Peter. Yes, we always expect a deep correction after a weak projection and a shallow correction after a strong projection. it also shows that the order flow is weakening in that direction once you see a weak projection. Take a look at this video again...https://www.youtube.com/watch?v=6SvcmyIkmtM
  • #28,777
  • May 13, 2017 4:56am May 13, 2017 4:56am
Quoting Victor_Lin
{quote} It's a sideways market, and mid-night in my time zone. So, I move SL to BE after +10.
Hi Victor. Do you drink essence of chicken everyday to keep yourself up till 2am to 3am in the morning?
Attached Image (click to enlarge)
Click to Enlarge Name: Essence of chicken.jpg Size: 85 KB
  • #28,778
  • May 13, 2017 5:06am May 13, 2017 5:06am
Quoting Milfortra
{quote} Hi Victor. Do you drink essence of chicken everyday to keep yourself up till 2am to 3am in the morning? {image}

ah ah you know this also in south !! Aroy
There is no way to happiness , happiness is the way.
  • #28,779
  • May 13, 2017 5:24am May 13, 2017 5:24am
Quoting Milfortra
{quote} Hi Peter. Yes, we always expect a deep correction after a weak projection and a shallow correction after a strong projection. it also shows that the order flow is weakening in that direction once you see a weak projection. Take a look at this video again...https://www.youtube.com/watch?v=6SvcmyIkmtM
Ok thanks! I'll have to work on that subject some more. Obviously I was wrong, the chart proofed it
I've never seen this video before, I started with the newer ones.
This one actually has historical value, it's Mr. Pip's first video!
Thanks for sharing and have a great weekend
  • #28,780
  • May 13, 2017 5:33am May 13, 2017 5:33am
Quoting Ockham
{quote} ah ah you know this also in south !! Aroy
Chai Krap. Aroi tii sut!
6 traders viewing now