looking for a possible short up here. woops that was a pattenr right there before image

Ratios & Harmonics: a Different Way to Trade

2/7/2013 Didnt trade today. But I have some new notation im going to use in order to document my thought process and biases. image Blue rectangles are supply/demand zones (defined via the method described here url ). Blue lines at the top or ...

Harmonic Dance

getting late over here too, need to get some sleep and relax. night

Ratios & Harmonics: a Different Way to Trade

thanks! i really think they mesh. Ill just write down my case for each trade, in terms of price action, confluence, harmonic elliot waves, and structure (or could just be one of the 4), and see how it goes. That way i can master eventually 4 basic ...

Ratios & Harmonics: a Different Way to Trade

makes sense, he also in his chart entered after the first bear candle closed more than halfway down.

Ratios & Harmonics: a Different Way to Trade

thats what i plan to do, starting tomorrow. except im going to make it more complicated elliot and price action drills along with normal trading hours. hey, its interesting, and harmonic elliot isnt very subjective, its based on confluence of ...

Ratios & Harmonics: a Different Way to Trade

I dont think so, since i started looking at larger swings ive been trading much less often. i mean, confluence is confluence, i need to learn which situations are less than ideal, i dont think im trading just to trade. i do have a case for every ...

Ratios & Harmonics: a Different Way to Trade

my guess in thise case is that price was rejecting the upward movement while still going up. there was little resistance below, so you wouldnt wait for a second 'bump', if it did happen it would actually be less probable, because it was a strong ...

Ratios & Harmonics: a Different Way to Trade

for example this zone highlighted that mr pip traded, price went down quite quickly. what do i do , use 3 candles for price action? i do see alot of rejection before it reached the prz, maybe that counts. or maybe i should wait for a second bump ...

Ratios & Harmonics: a Different Way to Trade

I dont know, from some przs price seems to reverse within 3 bars, and then you're too late.. not much time for PA.. others give a push up, then a second touch, and then go up from there.

Ratios & Harmonics: a Different Way to Trade

yep, already read first book and have the second. good read. ive narrowed my focus to confluence and structure , but im trying to get an ideal of what confluence and structure to trade. i dont think trading every abc @61.8 is a good ideal , but i ...

Ratios & Harmonics: a Different Way to Trade

i guess i meant determining which prz to trade is subjective. each prz is defined by confluence, and how do you determine which confluence is most important ( i mean its only a potential reversal)?i know you said price action, and by utilizing large ...

Ratios & Harmonics: a Different Way to Trade

definitely, i need to start price action practicing. ive already started harmonic elliot wave practice. i think harmonic elliot will produce a more accurate view of structure than simple orderflow, but that just my opinion right now. basicaly all it ...

Ratios & Harmonics: a Different Way to Trade

yep practice practice never ever give up!

Ratios & Harmonics: a Different Way to Trade

2/6/2013 Summary: # of trades: 6 # of be: 3 # winners: 2 (but they were small, should really be 1) # losses: 1 Net gain: 0 % Synopsis: I'm doing something really wrong if I get so many BE trades. Its like im letting my losses run (i.e. hit sl) while ...

Harmonic Dance

Trades for today Net breakeven. image

Ratios & Harmonics: a Different Way to Trade

One thing i need to learn how to do is stick to the plan i made before i entered the trade, and not change the plan based on whatever is happenning, because at my skill level that often results in break even trades. i have lots of them... moved to ...

Ratios & Harmonics: a Different Way to Trade

cant move to BE yet, cause i gotta go, will see how it does.... later

Ratios & Harmonics: a Different Way to Trade

true, i guess im considering too big a swing on the 100 tick chart, when i got burned the big swing was right next to price action.... and i shorted with a very small abcd into the 50% retracement of that swing, so this is different.

Ratios & Harmonics: a Different Way to Trade

I think there was a good reason to take the trade, even if it was only the 50%, though ive been burned before at the 50%! image

Ratios & Harmonics: a Different Way to Trade