Looks like the EU is fighting to hang on at the RN of 1.2900. Wonder what kind of set up we'll get from this?

Ratios & Harmonics: a Different Way to Trade

Thanks, Mack. Didn't do so well with the EU. Set a sell limit in the PRZ. Took my eyes off of it momentarily and the price blew right through it. So, in a matter of seconds, I entered and exited the trade. Overall, lost 20 pips. How about you? ...

Ratios & Harmonics: a Different Way to Trade

Whew...finally made it through all 518 pages of this thread. A ton of reading, but I am very grateful for the time and effort exhibited by all. The education, alone, has been worth it. Thanks, again, to all and, especially, to Mr. Pip. ...

Ratios & Harmonics: a Different Way to Trade

EUR/USD 5M TF back into the PRZ... *Update* Chart looked horrible...oh, and PRZ was blown out of the water. Had a sell limit placed, entered and exited rather quickly on that up move. Ouch. image

Ratios & Harmonics: a Different Way to Trade

EUR/USD 5M TF is getting interesting...

Ratios & Harmonics: a Different Way to Trade

Well, based on PA, I expect to see a deeper retracement from current levels. The last projection was weak. Right now, we've got some consolidation going on. It will be interesting to see which side is going to win out!

Ratios & Harmonics: a Different Way to Trade

I guess it pays to zoom out, huh? I think your analysis is accurate. A larger ABCD could be potentially forming. Right now, we have the completion of a minor abcd pattern between the 61-78% retracement of the larger AB leg. This may be a good ...

Ratios & Harmonics: a Different Way to Trade

I think I might have missed my opportunity on the EUR/USD. I was waiting for the price to reach the 161 ext of BC, which coincides with structure; however, looks like price turned at the 138 ext of AB, which was also the completion point of a minor ...

Ratios & Harmonics: a Different Way to Trade

**Correction** EUR/USD update. Honing in on an entry in the PRZ. Looks like the completion of the minor ab=cd not abcd coincides with the 161 ext of BC and a supply zone. That's what I'm keeping my eye out for. Getting a good pullback on weaker ...

Ratios & Harmonics: a Different Way to Trade

Update on EUR/USD...into the PRZ. Now to see how price reacts. I am expecting a 61-78% pullback on the most recent impulse leg and then for price to advance, once again, into the PRZ. If it reaches the PRZ a second time, I will probably enter the ...

Ratios & Harmonics: a Different Way to Trade

On the EUR/USD 5M TF chart, a lot of bullish momentum heading into the PRZ. Some confluence there: 1) completion of ABCD; 2) 127 ext of AB; 3) 138 ext of BC. However, caution is advised if considering this trade. I would like to see the bullish ...

Ratios & Harmonics: a Different Way to Trade

Currently trading the EUR/USD 5M TF right now. Long term order flow is bearish; however, the bulls have asserted themselves in the short term. Saw significant bearish momentum and decided enter the trade once I saw a few candles fail to surpass the ...

Ratios & Harmonics: a Different Way to Trade

Update on the AUD/JPY. Based on the bearish momentum, I moved my TP from the completion of the AB=CD, to the 127 ext of AB. Switched to my other trade and got busy doing a couple of other things. Long story short, bearish momentum is strong and I ...

Ratios & Harmonics: a Different Way to Trade

Another update on the AUD/JPY trade: image Overnight (for me), the bulls made their presence known by pushing price up to structure (98.67); however, it was promptly enforced by the bears. The bullish momentum leading into this area has me ...

Ratios & Harmonics: a Different Way to Trade

Here's an update on my trade (getting ready to go to bed). Price hasn't really gone anywhere.

Ratios & Harmonics: a Different Way to Trade

Entered a trade on the short side of the AUD/JPY pair (1hr TF). Got a nice ABCD pattern forming. Took an Agg C sell, against order flow mind you, expecting price to drop to the completion of the ABCD; 127 projection of AB; and 138 projection of BC. ...

Ratios & Harmonics: a Different Way to Trade

Besides Mr. Pip, are there any traders on here that make their living from trading? I would like to speak with you. I'm considering making a career change from my current career to full time trading. I would just like to get some feedback on the ...

Ratios & Harmonics: a Different Way to Trade

Headfake, I appreciate the response. I will keep that in mind as I'm trading moving forward. Respectfully, Jon

Ratios & Harmonics: a Different Way to Trade

Sold the AUD/JPY pair on the 5M TF. Saw the completion of an AB=CD pattern and 161 ext of AB. Even though it was against the bullish order flow, thought it might be a good opportunity to jump in on a short term reversal. Plan was to manage the trade ...

Ratios & Harmonics: a Different Way to Trade

I haven't seen Scott Carney's "Harmonic Analyzer;" however, I would be inclined to say that purchasing that tool will be short-changing yourself. If you want to make it as a market professional, you really need to pay the price of admission. And, ...

Ratios & Harmonics: a Different Way to Trade