I trailed aggressively...out for +44

Ratios & Harmonics: a Different Way to Trade

I had 2 losing trades today... -30 -30 Then a winner +50 And now in this long trade. I plan to short if/when it hits my target.

Ratios & Harmonics: a Different Way to Trade

Yes, they are based on pure structure analysis. Harmonics and ratios are ways to measure the strength/weakness of price as it approaches different areas of price on the charts. Also known as PRZ =potential reversal zones.

Ratios & Harmonics: a Different Way to Trade

Yes.... I use Mr.Pips harmonics and ratios, which are a different way to trade.. ha ha ha And yes, I pay attention to some candle stick patterns that I fancy. What trades do I take that nobody takes?

Ratios & Harmonics: a Different Way to Trade

O.k. I am currently short. I recovered my -30 loss from earlier today. Starting to look good for a Monday. However, I am not gonna count my chickens before they hatch.

Ratios & Harmonics: a Different Way to Trade

It looks like it stopped you out above the price some how. That is strange!

Ratios & Harmonics: a Different Way to Trade

I can't speak for others. Nevertheless, you are correct that there are people that use (rotation candles) for confirmation in the PRZ(s) that they see on their screen. I do agree that as long as your risk management is good, then it shouldn't really ...

Ratios & Harmonics: a Different Way to Trade

Thanks Offujimori! Skoshii zutsu yoku natte imasu. What candle signal or place limit order(s) are you referring to? As far as psychological confirmation....are you talking about round numbers? I think money management is a key point in this ...

Ratios & Harmonics: a Different Way to Trade

O.k. I waited for price to retrace a bit. I entered short but price wasn't finished retracing. -> -30 I then analysed my mistake and saw that I was over eager and didn't wait for price to entered a proper area of structure. However, I did reenter ...

Ratios & Harmonics: a Different Way to Trade

I readjusted my stop to try and give it some breathing room. Got stopped out for +101 That is my first trade of the week.

Ratios & Harmonics: a Different Way to Trade

Moved my stop. Initial target has been achieved according to my expectations of price action. Although I still have a lot to learn from Mr.Pip. Mr.Pip is totally correct that MACD, EMAs, etc kind of lagging indicators are not necessarily and that ...

Ratios & Harmonics: a Different Way to Trade

O.k. I told myself that I wouldn't trade the Asian session, but I am working on some strategies and this one looked like it would follow the price action according to my expectation. It missed my target by just a little bit before bouncing back up.

Ratios & Harmonics: a Different Way to Trade

You found it.

Ratios & Harmonics: a Different Way to Trade

Thanks mtzimmer! It is nice to be back. I took that counter trend trade because I had some good buffer from my first trade. (My goal is 20 points per day.) Also, price came to one of the termination points that I marked on my charts. Mr.Pip has a ...

Ratios & Harmonics: a Different Way to Trade

This week I only traded for 3 days. After subtracting my losing trades from my total trades.. My net positive points = +549 That was without any holy grail indicators. All my trades this week have been based on structure created by price and ...

Ratios & Harmonics: a Different Way to Trade

Stopped out on the red line for +64. Alright.. I am going to sleep. Have a nice weekend all.

Ratios & Harmonics: a Different Way to Trade

Locked in a bit more.

Ratios & Harmonics: a Different Way to Trade

Entered long again. I did enter a bit early. Anyways.. locked in my break even.

Ratios & Harmonics: a Different Way to Trade

out for +5

Ratios & Harmonics: a Different Way to Trade

Because this is a counter trend trade.. I know I must follow the rules of aggressive risk management. This might be a break even trade.

Ratios & Harmonics: a Different Way to Trade