Congrats Jmezz and Milfortra.
Ended also positive on YM, but my trade management was not good.
Ended also positive on YM, but my trade management was not good.
2
"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
DislikedNQ +14.25 Took trigger off 512tk chart after we held pivot and reclaimed the open. Large sell bar / momentum was negated right away by buying.Ignored
Disliked{quote} Nice trade. There was a good level there to play, 6pts of risk for max 24pts profit on that move: {image}Ignored
Disliked{quote} Nice! My turn to reach to my PC late today. Had some unfinished work earlier on. Now let's see what do we have....Ignored
DislikedHi Mr. Pip, First of all, i'd like to thank you for this thread. it's been amazing learning from your youtube videos and thread..i spent 3 hours everyday looking at how you trade and how you place your trades and exit them. I've been making more losses than profits, however, i'm trading currency pairs and only look at 2 at the moment on a MT4 platform- EURGBP and USDJPY both on the 5 min chart. Needed to understand what you see in this situation and plz do correct me wherever necessary. This is my outlook: Long term: I go to a H1 chart and it is...Ignored
Disliked{quote} Hey RajD, Mr Pip has been a little absent of late so thought I would chime in with my thoughts Your question depends on the type of trader you are? Are you intra day trading (getting in and out of trades in the same day, mostly within an hour or 2, or are you a swing trader, trading over a few days. The later means you trade with larger stops but the gains on the winning trades are bigger. Most of people on here are intra day traders. So the first chart you showed should be used to help you mark levels of support/resistance, these assist...Ignored
DislikedIt was a nice day for harmonic patterns on the USDJPY. There was an ABCD (orange) completion this morning (my time), at 78.6% correction of longer term swing. Unfortunately I didn't have time to manage the trade so I didn't take it. It hit the 61.8% target. Now hoping to complete 61.8% target of a three drives pattern or maybe a 1:1 of the previous swing down. Entry was taken after the 61.8% correction (a bit more) of an ABCD pattern completion, at structure. Moved SL to BE, riskfree trade. {image}Ignored
Disliked{quote} Bears started to weaken a little bit, couldn't make a NSL and price worked towards my protective stop. I could have taken profit when I saw the first sign of weakness of the bears but I decided to let the trade run and go to sleep. PS was hit somewhere in Asian session. Out at BE. Right now we're in a long complex correction. Waiting for another opportunity.. {image}Ignored
Disliked{quote} Hi PeterT, When do you start trading on the USDJPY??.if you dont mind i would like to go thru my analysis with you...I'm currently trading EURGBP and USDJPY...Do let me know your thoughts. Thanks, RajIgnored
DislikedHi Traders, Looking at the GBPAUD 5 min chart. My analysis for this trade Long Term: Bearish Intraday: Bearish Short term: Bearish The red line is the expectation failure to a NSL as the intraday expectation was a NSH and it failed because of the GBP Avg Earning news that took place 45 min ago. In order for me to take this trade on a R/R standpoint, price needs to come to my AOI near the 61.8 Fib area. Will update on any developments If anyone looking at this chart differently or see better entries, do let me know {image}Ignored
Disliked{quote} My first thought is that looking at the momentum of the move, it might not correct back to the 61.8? I think you should expect a shallower correction. Find one with structure to the left and fib ratio confluence and see if bulls weaken into your area of interest. I find such large moves hard to trade when you don't get a decent correction. I might be wrong. Just my thoughts grtz PeterIgnored