It was the convergence of two 38.2% fibonacci numbers, see chart. image

Ratios & Harmonics: a Different Way to Trade

True, 10 pips below X give you a worse RR ratio. As long as you follow your rules youre good.

Ratios & Harmonics: a Different Way to Trade

mr pip, do you ever take profit early based on harmonic expectation that the price will not go to your take profit? or change your take profit based on harmonic expectation. is any such rules in your rules?

Ratios & Harmonics: a Different Way to Trade

I think you're supposed to put the sl 10 pips below the X, according to the rules. i really like your profile pic btw, very artsy

Ratios & Harmonics: a Different Way to Trade

thanks! enjoyed it alot, night

Ratios & Harmonics: a Different Way to Trade

or maybe using the larger swings, this prz. image

Ratios & Harmonics: a Different Way to Trade

is this a valid prz? image

Ratios & Harmonics: a Different Way to Trade

I think it might be important to wait for the price to test all points of the PRZ, or at least stall near the bottom. that way, you know all the harmonic impulses that you used to define the PRZ have completed. Thats what it suggested in the ...

Ratios & Harmonics: a Different Way to Trade

There was some nice confluence there where it turned around, using the main swing and current dominant swing. image

Ratios & Harmonics: a Different Way to Trade

In this trade, what is long term order flow vs short term order flow? It looks like long term (really long term) order flow is down because it goes from 142.62 (yesterday) to a low of 142. But, it did make one higher low recently, so is long term ...

Ratios & Harmonics: a Different Way to Trade

definitely, i hope im close. ive analyzed my trades today and i do believe tomorrow will be better, i defined przs using non main or dominant swings, so ill need some practice to fix that.

Ratios & Harmonics: a Different Way to Trade

very encouraging, good job!

Ratios & Harmonics: a Different Way to Trade

So it was against orderflow so you updated stop to be soon and are taking profit at the 61.8 line instead of at the completion of the ab = cd.

Ratios & Harmonics: a Different Way to Trade

Excellent! I can see the convergence. There seems to be alot of resistance it has to pierce to reach your target though. That would probably concern me, but hey your at break even. I guess the target was based on the 61.8% line of the large impulse.

Ratios & Harmonics: a Different Way to Trade

makes sense, thats what i do. wouldnt that be 0.005 lots though? You got to multiple it by 0.1, since 0.1 == 1 dollar per pip. im moving to oanda and eurusd, its low enough. i dont trust traders way anyways. that way i can trave live with little ...

Ratios & Harmonics: a Different Way to Trade

On gbpjpy, the spread is pretty low on traders way, about 2.6 with commission. it moves alot during my hour period (40 pips up, 40 pips down!), so i figure it offers good potential. However, i might move to just using a demo account so i can ...

Ratios & Harmonics: a Different Way to Trade

hmm, i was trying to risk 1% per trade. But it didnt work out at all, because i can only trade 0.01 on my small account. im actually thinking of moving to oanda, because i would like to risk 1% per trade and i would've been down 4% instead of 2%, i ...

Ratios & Harmonics: a Different Way to Trade

Oh wait, i forgot to post the most important thing. my first winning trade with harmonics my next goal is net gain for a day. im on my way to be a harmonic ninja, milking gbpjpy for all its worth! edit: oh yeah, and goal (my most important ...

Ratios & Harmonics: a Different Way to Trade

1/22/2013 And my favorite part. PRZs that would've worked. image image

Harmonic Dance

Mr pip, Can you please give me you opinion on the przs i drew for this session when you have the time? I have an entry under 1/22/2013 under my trading journal describing the przs.the one i marked invalid i understand. thanks! url image

Ratios & Harmonics: a Different Way to Trade