If you are looking for long because of that huge leg up to the left.... it would be smarter to wait for the order flow to make a new structure high (above the pink "downtrend" ) and then you can look for an entry and your stop would be smaller. ...

Ratios & Harmonics: a Different Way to Trade

Thanks for the info crixus

Ratios & Harmonics: a Different Way to Trade

Question about futures forex trading vs. spot trading.... can you trade the futures forex pairs 24hrs a day? What are the advantages over spot? Also what time frames do you all trade? 233T, 5m, 15m, 1h, 4h, Daily, ETC.

Ratios & Harmonics: a Different Way to Trade

Bar by bar analysis... with the strong downward momentum from the blue line... I didn't think it was going to retrace much since it had a very strong downward projection and momentum....The red bar I entered on at close showed rejection to the ...

Ratios & Harmonics: a Different Way to Trade

What a roller coaster of a week but finished it off with positive pips by sticking to the system!! E2 was placed just in case price pulled back to resistance area which it did.... and quickly was rejected. Ended with a sweet textbook trade.

Ratios & Harmonics: a Different Way to Trade

This will be interesting to see and if price goes to this area and shows a bar-by-bar reversal then I will enter. Kind of did a reverse analysis to figure out where price will go by placing the 1:1 upward harmonic in an area of resistance and ...

Ratios & Harmonics: a Different Way to Trade

Nice trades!

Ratios & Harmonics: a Different Way to Trade

Good point for USDJPY, it did go a bit lower... and now is doing some choppy consolidation... probably best to avoid until swing is more clear.

Ratios & Harmonics: a Different Way to Trade

Looking for opportunity to go short USDJPY

Ratios & Harmonics: a Different Way to Trade

Just took an EU trade, feedback welcome Update: Stop moved to right under the swing to 1.1095

Ratios & Harmonics: a Different Way to Trade

I was hit too at first but then reversed but got out at break even with the previous loss. Letting it ride would have been an additional 150pips but there is no way to know that. Usually with high impact news you'll find this same behavior over and ...

Ratios & Harmonics: a Different Way to Trade

Well the good news is that you can go down all the way to .01 lot ... so even if the stop was 100 pips that would only be about 10 bucks risk. Say you're risking 2% of a 10,000 acount.... so 10,000 x .02 = $200. Take $ / Pips to get your risk per ...

Ratios & Harmonics: a Different Way to Trade

I think harmonics are just the instruments breath in and out at it's current cycle. Think of it like your breathing, you can only breath in and out so much. But you can't breath out all the time without breathing in some to continue. If the market ...

Ratios & Harmonics: a Different Way to Trade

Look at your swing of the right side of the butterfly though..... price is still even at this moment within that swing.... so had your stop been below structure there (the right side of the wing) then you would probably still be around break even ...

Ratios & Harmonics: a Different Way to Trade

Started off the week rough by misreading strength... the volume in the candles (strength) when increasing against expectation seems to be a good warning sign to look for a graceful exit. That's looking at what price is telling us regardless of ...

Ratios & Harmonics: a Different Way to Trade

Good Morning Traders, This could be useful to those who use tradingview as their charting package. I just figured out that you can turn on # of Bars, Distance (pips), and Angle of lines that you draw. You can also have the stats always shown or just ...

Ratios & Harmonics: a Different Way to Trade

Thanks Man, Is the demo permanently free (with FXCM demo)?? I recently started trying out NinjaTrader the same way and I like it... wish it wasn't so expensive outright and I don't want to pay higher commissions to use it. One day

Ratios & Harmonics: a Different Way to Trade

We took the same trade and got out about the same time, nice!! I was using the 5min and it looks similar

Ratios & Harmonics: a Different Way to Trade

Very well put together video Mr. Pip, the pieces fit nicely together!

Ratios & Harmonics: a Different Way to Trade

Congrats man! You should be proud of yourself!!

Ratios & Harmonics: a Different Way to Trade