News.

Ratios & Harmonics: a Different Way to Trade

Aj1 - good analysis. Like Chalky, not familiar with the 141.4% FIB extension.

Ratios & Harmonics: a Different Way to Trade

In all honesty, I forced this trade. The R:R ratio wasn't favorable. Taking a look back, there was structure around the area I entered. I didn't take it into consideration though. I was fully expecting with the bearish main swing, that price would ...

Ratios & Harmonics: a Different Way to Trade

Without having my own chart to reference, it looks like the impulse leg you entered your trade on achieved close to a 161.8% extension of its preceding harmonic leg. True? If price is able to achieve that level, I've generally noticed that it will ...

Ratios & Harmonics: a Different Way to Trade

Looking good. Keep up the excellent work!

Ratios & Harmonics: a Different Way to Trade

Took me a month to get through all of the pages! Good luck.

Ratios & Harmonics: a Different Way to Trade

Crushbeat and Devontrader...not sure if you have noticed as you've read the prior posts; however, I'm confident that Mr Pip would encourage you both to direct your focus towards reading price action rather than using indicators. So, let's maintain ...

Ratios & Harmonics: a Different Way to Trade

Entered short on the GBPJPY pair. Reasons for entering: 1) 61.8% retracement of the main swing; 2) lack of bullish conviction around this level. *Update 1: After several minutes worth of consolidation, price advanced to the 78.6% level. Seems to be ...

Ratios & Harmonics: a Different Way to Trade

That's what is so beautiful about Harmonics...it works on every TF. More importantly for you; however, is to determine what type of trader you are - scalper, day trader, swing trader, or long term.

Ratios & Harmonics: a Different Way to Trade

Don't be too hard on yourself. You always have to consider the R:R ratio. If you're upside down on your R:R, that's a bad way to trade.

Ratios & Harmonics: a Different Way to Trade

I share those goals!

Ratios & Harmonics: a Different Way to Trade

Congrats on 35 green pips! I'm thinking your overnight TP projections are spot on. At least, they match what I'm thinking. Expecting price to run into a PRZ area ranging from 1.2435 to 1.2410 (large range, I know). image

Ratios & Harmonics: a Different Way to Trade

I'm watching the same thing, only on the 1M TF instead of the tick chart. Looks like there is some pressure building up to the upside; however, I'm reluctant to do anything until after the news announcement at 9.

Ratios & Harmonics: a Different Way to Trade

I think a side bar on expectation failures is well worth the effort. I could have benefited from that this morning. In hindsight, the fact that I was against the main order flow and the formation of a lower high should have been my confirmation to ...

Ratios & Harmonics: a Different Way to Trade

A failed EU trade I took this morning. Context of the trade: 1) Main swing is bearish; 2) Retracement of the main swing reached 61.8%, forming possible AB leg; 3) Retracement of AB leg also reached 61.8%; 4) had a nice reaction; 5) then a retest of ...

Ratios & Harmonics: a Different Way to Trade

Harmonics in action (edit: EU 1M). Still learning to trust what I'm seeing... image

Ratios & Harmonics: a Different Way to Trade

No worries, Marillionpip. I appreciate your insight. And, I think you make some interesting points. Apologies if it sounded like I was coming at you. I oversimplified the dynamics of the market.

Ratios & Harmonics: a Different Way to Trade

Nailed it.

Ratios & Harmonics: a Different Way to Trade

A thing of beauty...

Ratios & Harmonics: a Different Way to Trade

Semantics. We're still talking econ 101. If there are more buyers buying "units" than there are sellers selling "units", price will go up and vice versa. What do you mean about price manipulation?

Ratios & Harmonics: a Different Way to Trade