SL to BE, bulls seem to be pretty weak and can't seem to produce a NSH on the IF. #1 is to not go broke AKA protect capital.

Ratios & Harmonics: a Different Way to Trade

Needed for price to put up a little higher, almost a retest of the high, so SL stil in the same place.. Need to follow my rules, altough the bears are coming in quite strong now, so sitting on my hands with this one. Patient is half the battle ...

Ratios & Harmonics: a Different Way to Trade

update: went long

Ratios & Harmonics: a Different Way to Trade

completed a AB=CD, see left one. targets are most likely 61.8% fib. There is very good structure at this area + 1,618% ext and 200% inversion aswell. Very good area to look for longs in my opinion.

Ratios & Harmonics: a Different Way to Trade

I also used fib extension and fib inversions to create these red boxes.

Ratios & Harmonics: a Different Way to Trade

Possible area for longs:

Ratios & Harmonics: a Different Way to Trade

Projection was increasing; Momentum was increasing; Depth was decreasing. So I didn't expect a deep retracement. Around the 50% level. At this level there was really good structure. Also a harmonic of previous upswing aswell and a deeper AB=CD ...

Ratios & Harmonics: a Different Way to Trade

analysis EDIT: went short

Ratios & Harmonics: a Different Way to Trade

it is f*cking money mondaaaaaaaaaaaaaaayyyyy, lets get it guys and girls! Lets make some Benjamins!

Ratios & Harmonics: a Different Way to Trade

Haha thanks Mr Pip, I wouldn't mind either losing to you . That sounds sick mate, any idea where you are going?

Ratios & Harmonics: a Different Way to Trade

I know, I would normally not trail this aggressive, but given it is Friday and the market was kinda wacked, I didn;t want to give back that much..

Ratios & Harmonics: a Different Way to Trade

Talking about patience. Thank god this ride is over.. Will call it a week, see everyone on Monday!

Ratios & Harmonics: a Different Way to Trade

trailling stop took me out, +21

Ratios & Harmonics: a Different Way to Trade

WHat is going on, one day the market rises 100+ points and now it can;t even move a 10'ner..

Ratios & Harmonics: a Different Way to Trade

Haha, we will see Are you trading live on or sim, if I may ask?

Ratios & Harmonics: a Different Way to Trade

May I ask, just for educational prurpose, why did you place your stop there? update: locked in 10

Ratios & Harmonics: a Different Way to Trade

Itopower, better put some steak at the top of my screen, for the bulls

Ratios & Harmonics: a Different Way to Trade

Mr Pip, in this YM kind of setup.. Where do you fib from?

Ratios & Harmonics: a Different Way to Trade

AHAHAHA, creative, creative.

Ratios & Harmonics: a Different Way to Trade

EURJPY, 2 winners. Last trade was AB=CD completion, went against the expectation. EU is a bit flat and going nowhere atm..

Ratios & Harmonics: a Different Way to Trade