Well, things didn't go quite to plan! Out at +27 pips, with more left on the table. I underestimated the significance of the yellow area mainly because I missed marking an important fib (green 38.2) which was just plain sloppy. I noticed but didn't ...

Ratios & Harmonics: a Different Way to Trade

Thanks Matts Micro, Nice trading on EU! I've only taken a couple of scalps today until this trade. There is a lot of confluence marked up in the lower blue box, so predictably we're currently running a retracement. I'm not convinced the retracement ...

Ratios & Harmonics: a Different Way to Trade

Thank you Jamos, that's very kind Nevertheless, I will try to keep my posts as educational as possible from now on. This is a short trade I'm currently in on EU. Long term orderflow had been bullish, however their strength started to break down. ...

Ratios & Harmonics: a Different Way to Trade

Hello Jamos, Thanks for your feedback - you do raise some valid points. I didn't really post charts for quite a while... until Mr. Pip requested everybody post more. I also know it's better for people to see live trades in action, but like many ...

Ratios & Harmonics: a Different Way to Trade

Hi PipTrendz, I'm really sorry to read that One of your previous posts mentioned trying to trade the news. I think that is a really difficult skill set all by itself. For me on the time frame that I trade, I know I can't ignore fundamentals so I ...

Ratios & Harmonics: a Different Way to Trade

Well I guess there must have been a lot of orders the other side of that structure. Price moved too quickly for me to move the TP, but I'm happy with the positive slippage +36 pips image

Ratios & Harmonics: a Different Way to Trade

Update... 1:1 completed at structure (plus daily resistance) as expected. TP readjusted to gauge the strength of the expected retest of structure. I would like to see a push through into the golden zone, which would coincide with a harmonic move ...

Ratios & Harmonics: a Different Way to Trade

Currently short on EU Reasoning: over-extension on AB=CD into an area of prior structure. Price has shown no interest in direction for a long time, and the lacklustre retest of level triggered the entry on the expectation that price will return to ...

Ratios & Harmonics: a Different Way to Trade

Yeah... you can't really ignore H.M Gartley or indeed R.N Elliott! Nevertheless, Carney has done a great job advancing the concepts.

Ratios & Harmonics: a Different Way to Trade

Bonne chance! Any thoughts on your exit point?

Ratios & Harmonics: a Different Way to Trade

I was pretty sure you would take it with a pinch of salt, but I didn't want my flippant comment to be taken as advice by anyone else reading the thread!

Ratios & Harmonics: a Different Way to Trade

You've also got a nice TL to add confluence too (just an observation about what I saw, not to be construed as advice about the setup because I haven't evaluated it!)

Ratios & Harmonics: a Different Way to Trade

I'm bored (still nothing on fibre) so I pulled up cable to take a look because it's unusual not to see some form of knock-on reaction on fibre. There is a school of thought about gaps that says, amongst other things, they form very good S/R levels. ...

Ratios & Harmonics: a Different Way to Trade

But you're honest! Joking aside, I think it is very common... probably more so than people let on. The emotional aspect is heightened during a trade (when money is actually at stake) compared to the entry (when money is prospectively at stake). ...

Ratios & Harmonics: a Different Way to Trade

Sounds like you have a good handle on things I always maintain that it's OK to exit early if you have logical and objective reasoning for it, because a lesson can still be learnt. It helps us to refine our exit skills, which many will ...

Ratios & Harmonics: a Different Way to Trade

Should have had a little more faith in my 1:1 Manually closed trade at +23 pips, which cut me short by 8 pips. Why did I do it? Price moved strongly through the round number, which is a great sign for a breakout. The hesitation occurred with AB=CD, ...

Ratios & Harmonics: a Different Way to Trade

Rode a long up on the back of weakness post breakout (expectation was another failure) + 16 pips. Now riding the golden zone + AB=CD down. Staggered resistance above entry in the shape of 2 fibs of significant prior swings (swings not seen on the ...

Ratios & Harmonics: a Different Way to Trade

It's a good result PipTrendz - 10 pips is still way ahead of my production for today! Nice run down on the trade management

Ratios & Harmonics: a Different Way to Trade