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- foxybunny replied Feb 27, 2013
Now that the main news are over, waiting to see if we can get a clear break up above 1.3120. Whole day today and yesterday price just in range around 3060 - 3120, where my earlier longs 1.306x have exit at BE just before the USD red news.. ...
Spider's Den
- foxybunny replied Feb 25, 2013
E/U 25-Feb H1 chart, have earlier Short entries that hit SL. All entries based on M15 or M5, not H1. Then saw the bigger Main Swing Down from 20-Feb till 22-Feb, and price retrace up on 25-Feb to around 62%, and took another Short that covered all ...
Ratios & Harmonics: a Different Way to Trade
- foxybunny replied Feb 22, 2013
[quote=cuchuflito;6466935] It is just a consideration based on my own experience that I do better exit half first and half later, versus exit all at my "perceived maximum target". Other people may have better experiences exiting all trades in one ...
Ratios & Harmonics: a Different Way to Trade
- foxybunny replied Feb 22, 2013
[quote=Seneca pilot;6467665] I saw the breakout long for 25-Jan, just that you did not show it on your chart, and was wondering why you did not show it on your chart.
Ramblings of a Forex Junkie
- foxybunny replied Feb 22, 2013
[quote=Seneca pilot;6467554] For 25-Jan, there were 3 strong up bars. What would you have done for 25-Jan as nothing was indicated in your chart for that date? Thanks.
Ramblings of a Forex Junkie
- foxybunny replied Feb 22, 2013
BroncoCap, unsure when is 8-9AM EST. Assuming it is near end of London session or after the London session ?? Agreed you need to find a trading session time that is suitable for you, and also find a currency that move a bit more during your trading ...
Ratios & Harmonics: a Different Way to Trade
- foxybunny replied Feb 22, 2013
Yes to good books. Access to my library also.
Ratios & Harmonics: a Different Way to TradeLarry Pesavento ( and Leslie Jouflas) : "Trade What You See". Page 151-152, and all over the book. Warning Signs: These are the primary warning signs that we use to either prevent us from entering a ...
- foxybunny replied Feb 21, 2013
BroncoCap, I just went through all the 3 pages and charts in your journal. It is terrific that you are doing a journal and posting those charts. Are you drawing those fib manually or via the EA? I noticed basically for majority of your charts that ...
Ratios & Harmonics: a Different Way to Trade
- foxybunny replied Feb 21, 2013
Starry, I guessing Mr Scot got those criteria from a book. And those gaps mentioned in the book is based on longer time, so those price gaps are bigger gaps in prices which are significant, especially in other instruments (not much on Forex) where ...
Ratios & Harmonics: a Different Way to Trade
- foxybunny replied Feb 21, 2013
Hi T, Again you spot on with your level of 3226 for a Short. Would you please show on a Chart how you come up with those levels of 3226 and 3167 before price reached there?
Spider's Den
- foxybunny replied Feb 20, 2013
Following up my A/U H1 Aggressive ABC-Short chart posted earlier. Below is what the price action on 20-Feb, end up been a downtrend of around 100-pips for a Short. You can see now why I prefer the PRZ-2 over PRZ-1 in this scenario. Also here happen ...
Ratios & Harmonics: a Different Way to Trade
- foxybunny replied Feb 19, 2013
Now you can add another Fib line on BC for your EUR/GBP. You will then see if the BC fib of 127% or 162% or something else, that will also be close to your original PRZ(AB's 127% - 138%) that you have drawn. This is the confluence factor of how BC's ...
Ratios & Harmonics: a Different Way to Trade
- foxybunny replied Feb 19, 2013
Also I thought the PRZ was between the 127.2 and 161.8 - not the 127.2 and 138.2. Was just looking for something to back that up in the ROE but no luck. If anyone could confirm that would be great. Print out the 2 documents so it is easier to read. ...
Ratios & Harmonics: a Different Way to Trade
- foxybunny replied Feb 19, 2013
Do refer to the "Rules of Engagement" under "Aggressive C Buys/Sells". If you choose to follow it, it shows "Simple Rules" for Aggressive-C where Stop Placement is +/-10pips from point-A. To put 10-pips from 78.6 as a SL, I believe that would be too ...
Ratios & Harmonics: a Different Way to Trade
- foxybunny replied Feb 19, 2013
For A/U H1, this is how I would see it for an Aggressive ABC-Short. I will not be trading in A/U, this is just an example to show how I may see it as a different pattern using just ABC with the Main Swing, instead of ABCD. image
Ratios & Harmonics: a Different Way to Trade
- foxybunny replied Feb 19, 2013
Nomadic, my A/U H1 chart showing the potential ABCD based on my understanding of the"Advance Pattern Reference Guide" and the "Rules Of Engagement". Hope you also refer to those documents before and after you put on your fib lines. PRZ is between ...
Ratios & Harmonics: a Different Way to Trade
- foxybunny replied Feb 19, 2013
Starry, looks like you are getting confused. Better to go back to the basic structure of harmonics. Print out the "Advance Pattern Reference Guide", and look at it each day in the morning and night time and refer to it before and after you put in ...
Ratios & Harmonics: a Different Way to Trade
- foxybunny replied Feb 18, 2013
You often do? Based on your previous posts it seem you mentioned you take Earlier Exits rather than waiting for price levels to exit. Good if you also exit on touch of price level.
Ramblings of a Forex Junkie
- foxybunny replied Feb 18, 2013
Agreed that the "touch" on a price level can reduce the risks, the big IF here is the confidence a person has with their price levels. For you are already confident with your price levels as been good support/resistance levels, that helps to be a ...
Ramblings of a Forex Junkie
- foxybunny replied Feb 17, 2013
hanover, you said the key is basically getting a good R/R. I agreed with this Reward/Risk. I also believe the other real keys are: (1) knowing where to place key Price Levels (2) Willing to enter at those bounces off those Price Levels Some traders ...
Ramblings of a Forex Junkie