heres an example where it breaks a prz zone, then pierces the 88.6 line (change of orderflow), then it retests the broken prz zone and then goes up. edit: woops i think the prz is wrong. it didnt quite retrace to 0.382 so it would be a longer bc ...

Ratios & Harmonics: a Different Way to Trade

Lets see, heres a case for entering a GBPJPY trade that would have presented itself during my trading hours. This is after the fact, but i dont think im pattern fitting in this case based on future data. What do you think? I dont know how i would ...

Ratios & Harmonics: a Different Way to Trade

Mr pip, Have you found that you can achieve tighter stop losses if you wait for price rejection? I was reading the book, for example, and it says that for AB = CD patterns that retrace to 0.618, you should look for price action in the 1.618 BC ...

Ratios & Harmonics: a Different Way to Trade

Im going to start tuesday trading gbpjpy and i think price action analysis would complement the ABCD trades weve already learned. So would learning the graceful way of exiting. Any way, well eventually get to it all so im not too worried either way.

Ratios & Harmonics: a Different Way to Trade

I swear that these systems require some discretion to be profitable, cause otherwise you could just program it! am i wrong?

Symphonie Trader System

Yeah i guess price jumps around too much for indicators and such!

Symphonie Trader System

I haven't traded symphony, but im planning on trading 2 hours a day on gbpjpy 1 minute, 5 minute frames. Thats another option if you dont have alot of time, since gbpjpy moves a nice bit at pretty much every hour.

Symphonie Trader System

Mr pip, Are there certain reversal patterns that you look for in the PRZ before entering? Or do you just enter? For example, heres GBJPY on the 1 minute timeframe. It spiked down and had long wicks up, then it went up and had one bar which had a ...

Ratios & Harmonics: a Different Way to Trade

I enjoy reading about you guys trades~ ! Keep it up

The Student Handbook

Does anyone trade GBPJPY on the 1 minute timeframe using harmonics? It seems like a good timeframe and currency if you have limited time to trade (like 2 hours or so)

Ratios & Harmonics: a Different Way to Trade

cool!

The Student Handbook

Then again, i might focus on gbpjpy on the 1 minute timeframe, since i have only 2 hours or so to trade right now and thats the only currency that moves enough pips on such small timeframe.

CHOROS System

It typically moves alot when mr draghi speaks (i learned that today)

CHOROS System

Hey, what made you switch to a long position? Just the green candle? Good job btw!

The Student Handbook

I wonder if this is going to break up or down. We have a concave down curve and a spinning top + shooting star, but its still rather flat. Probably should wait for a lower high. It also sort of looks like a constrainment up for eurusd, but i wouldnt ...

CHOROS System

Haha, im not sure why theyre open! I actually dont look at them, and am currently taking you guys advice and sticking to the euro! Ive even eliminated my attempt to study the eurjpy for now (i love how much it moves)

CHOROS System

And when its about to go down, it sometimes forms a hammer and a spinning top or often a shooting star. Again , the hammer is testing resistance, rather than saying it will go up, you have to look at the surrounding curves to determine what should ...

CHOROS System

This would be a dangerous short. Theres a concave up curve, plus long wicks to the upside mean its repeatedly testing resistance and it could be about to break. For a short i would wait for another retrace with a lower high or equal high in my ...

CHOROS System

Im trying to combine harmonics with dance. For example, on december 17 , it traded within a 20 pip range and there was tons of ABCD patterns. I dont think dance wouldve worked here, you wouldve probably have stayed out cause of the porcupine. Maybe ...

CHOROS System

Mr pip, What stoploss amount above the 161.8 line do you use when you trade the tick chart? Since the 10 pip above the 161.8 for the ABCD pattern is for the 1 hour timeframe.

Ratios & Harmonics: a Different Way to Trade