1/22/2013 Trades Smaller harmonic going into 61.8% zone. Buy. Loss. The interesting thing is that even though there was a smaller ab= cd going into the 61.8 zone, there was a larger abcd going down below that zone. image A bunch of fib extensions ...

Harmonic Dance

1/22/2013 Summary: Pips gained: -21 Net Gain: -2.2% Trades: 5 Winning Trades: 1 Losing Trades: 4 Trading Time: 10:30 - 11:30 CST Synopsis: Not all PRZs are valid! And I missed some, of course the ones that were profitable

Harmonic Dance

k thx.

Ratios & Harmonics: a Different Way to Trade

I really like how even news shows harmonics. Anyways possible reversal to 127.2 extension. image edit: woops i drew the offset leg wrong. it went off the screen and actually goes far below.

Ratios & Harmonics: a Different Way to Trade

wow, it bounced right off the 127. nice ! magic

Ratios & Harmonics: a Different Way to Trade

hey ya! got that humongous spike up nice! i want to know why the market shows the phi ratio, but there are no papers on it. weird

Ratios & Harmonics: a Different Way to Trade

i like your journal btw. may the pips be with you! night

Ratios & Harmonics: a Different Way to Trade

I dont know, i think harmonics works on any timeframe. a larger timeframe prz will definitely move more if it succeeds though. yep . thanks! good luck to you too

Ratios & Harmonics: a Different Way to Trade

Also, do you wait for a candle to close in the prz before closing. for example, in this picture, the price candle blew through the ABCD pattern with one candle. But i didn't offset that impulse wave, so maybe that would have invalidated the abcd ...

Ratios & Harmonics: a Different Way to Trade

k, cool. i got some questions. How do you handle the situation where there are multiple przs close together (or did i define these przs wrong?) . Also, in order to buy from the bottom prz, what would you look for? Since this is not an ABCD, but ...

Ratios & Harmonics: a Different Way to Trade

ah, so 10 pips below the 161.8 that lies in our prz, and then when the low is established, we can move the sl to 2 pips below that low. small minor corrections, makes sense.

Ratios & Harmonics: a Different Way to Trade

right, i was talking about the 78.6 @ 141.96 (the previous swing, not the ab=cd were trading). Since its a correction of point D, it should go to the 61.8% of AD., break even at 38.2. If it isn't a correction, it will probably go below the 78.6 line ...

Ratios & Harmonics: a Different Way to Trade

yeah, but i really like how traders way has hihgh leverage and ability to hedge, even if its not regulated right now, if i trade 1 minute, i can trade with the min lot size, 0.01, with a risk of 1% per trade. 2% per trade is also fine. so as long ...

Ratios & Harmonics: a Different Way to Trade

k. i guess is till need to learn where the path of least resistance from the prz is, price action as price approaches and enteres prz will help, though in the case where it plunges to the PRZ and bounces off sharply , you would have to probably use ...

Ratios & Harmonics: a Different Way to Trade

I see an area of confluence based on the 138 extension of AB, the displaced AB leg, and the 161.8% exhaustion of the previous swing before it went down. Since it broke the support, the orderflow was down. then it bounced off of it, so move to ...

Ratios & Harmonics: a Different Way to Trade

K, so the analysis was based on the completion of an AB = CD into the 61.8% zone. The analysis would be wrong if it went to the 78.6% line, because that would mean the AB = CD wasnt the reversal signal. 2 pips below the 78.6 is 141.94. The 78.6 line ...

Ratios & Harmonics: a Different Way to Trade

Yeah, the RR was large, so it wasn't a 1 minute pattern. Ive noticed that all the RR ratios are generally a little above 1, so if its 3 or 2 you need to update the sl til lit gets to an rr of 1.13 or so. thanks for the analysis btw. maybe not, or ...

Ratios & Harmonics: a Different Way to Trade

Ive attached a chart. It seems i didn't extend the 100% down to the low of the swing that didn't reach 38%. Also, i placed the equal distant swing at the very top, while you placed it at the doji. In addition, it also closed below the 61.8% ...

Ratios & Harmonics: a Different Way to Trade

For example, would this ABCD be invalid because it found support before it reached D? And if you had placed the sl 10 pips below 161.8 , you wouldnt have gotten stopped out (i guess this is a spike on a larger timeframe), but would you need to ...

Ratios & Harmonics: a Different Way to Trade

I thought on 1 minute it was 2 pips. though this is a large gartley

Ratios & Harmonics: a Different Way to Trade