Nice job! So what influenced your decision to make the trades on the short side - the breakdown of the PRZ?

Ratios & Harmonics: a Different Way to Trade

You're welcome! Even though pattern recognition is an important skill to hone; developing expectations for price action is even more important. We can use patterns to assist with our expectations; however, we have to be cautious not to get those two ...

Ratios & Harmonics: a Different Way to Trade

Apologies for the confusion. Box 1.

Ratios & Harmonics: a Different Way to Trade

You really don't know whether you have an X or an A until the C point forms. So, ignoring the latest bullish impulse, see my chart below. Your point 1 is either X or A. image

Ratios & Harmonics: a Different Way to Trade

Good job! I would add that the new bullish swing nullifies the previous two swings. We have to wait and see what kind of retracement will occur from this bullish swing now. But, overall, you're right, there isn't an "X" yet.

Ratios & Harmonics: a Different Way to Trade

Remember, to identify the main swing, find the lowest low and the highest high of the move. I would say that this new bullish uptrend is the leg you want to focus on.

Ratios & Harmonics: a Different Way to Trade

Sweet!

Ratios & Harmonics: a Different Way to Trade

Darn! Mind posting a chart? I'm at work and don't have access to any trading software. Otherwise, I would take a look myself.

Ratios & Harmonics: a Different Way to Trade

No worries. Just trying to maintain the integrity of the thread. Congrats on the good trades. Are you trading real money or demo (just curious)?

Ratios & Harmonics: a Different Way to Trade

Was the BC leg at least a 61.8% retracement of AB? If so, then you've got yourself a Gartley. Either way, looks like you may get another 1 to 1 move on the XA leg. I say that because the XA leg looks like it was a 1 to 1 of the previous swing. Also, ...

Ratios & Harmonics: a Different Way to Trade

Awesome, pampaq! I like how you aggressively managed your trade. The long wick on the candle that finalized the AB leg concerned me - indicative of the bears' presence at that level!

Ratios & Harmonics: a Different Way to Trade

Take the trade?

Ratios & Harmonics: a Different Way to Trade

How's that trade working out for you?

Ratios & Harmonics: a Different Way to Trade

After closer inspection, a Gartley if the candle on the BC leg that pierced the 78.6% fib failed to close above. So, where do you expect price to go? Oh, one more thing...per Mr Pip's rules for the thread, would you be so kind as to remove your ...

Ratios & Harmonics: a Different Way to Trade

Well, sorry to hear about your circumstances. If I recall correctly, Jesse Livermore blew his account 3 times. And, in case you aren't familiar with him, he was one of the most successful traders ever (around 1920's timeframe). Anyway, you sound ...

Ratios & Harmonics: a Different Way to Trade

Looks like there's a good chance for an AB=CD completion on that chart. The LH indicates a deeper retracement is in store. Tell me what you see?

Ratios & Harmonics: a Different Way to Trade

Took the short side of the AUD/JPY pair on the 1HR TF. I was a little impulsive on this trade. Saw the significant bearish momentum, with what seemed to be a failed 38.2% fib retracement ofthe main swing in a supply zone. I ignored the fact that the ...

Ratios & Harmonics: a Different Way to Trade

Hey pampaq! I'm a bit confused by your chart. I see that you're expecting price to continue downwards with the confluence of the 61.8% fib & the supply zone. Where is your D completion?

Ratios & Harmonics: a Different Way to Trade

One step at a time, right? As long as you stay persistent, you will achieve your dream. Have you set a goal timeframe as to when you would like to start trading as a pro? For me, March 1, 2015, is my goal.

Ratios & Harmonics: a Different Way to Trade

Went long on the EU earlier today (5M TF). My reasons for entering: 1) Even though the bears had gained momentum, they failed to break through the RN 1.2900...this was accompanied by a strong reaction from the bulls (the retracement almost reached ...

Ratios & Harmonics: a Different Way to Trade