DislikedTough trading. She was teaching me a lesson today! {image} {image} {image}Ignored
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"Ratios & Harmonics: a Different Way to Trade." Summary 37 replies
Learning to trade with harmonics 11 replies
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180 reasons to trade Harmonics and Patterns 13 replies
DislikedTough trading. She was teaching me a lesson today! {image} {image} {image}Ignored
Disliked{quote} Hello my friend, Forex intraday can move pretty fast from time to time. I would stick to the major but away fro chf crosses even on the majors seriouse games are played at the retail traders expense. Intraday up to 5 min that being the favorite intraday. 10 min can work but from an intraday standpoint you want to get well priced entries to have a good RR. Anything beyond the 10 min and you might be holding onto those trades on occasion into the next day as the order flow for those time frames benefits the the longer term order flow. That...Ignored
DislikedShorted at the arrow, lets see if it can come down a bit. {image}Ignored
DislikedShorted at the arrow, lets see if it can come down a bit. {image}Ignored
Disliked{quote} Hey rocky, can you maybe show the footprint imbalance for the YM? Should be similar, no?Ignored
DislikedHi all I'd appreciate any feedback on the below setup the large bluezone below is the 61-78 fib of a longer term upleg which we have pulled back to and printed a new structure high, which is the swing we are currently trading within. We are close to completing 2x 1:1 harmonic legs down into previous low with bears losing momentum, I'm looking for a long rotation here with a stop below the 78fib of the major upleg. thoughts on this setup and approach? Many thanks Wig {image}Ignored
Disliked{quote} You know I'm on the fence on this one. The trade does offer good RR. Order flow is breaking down for the bears and there is good support as price recently reacted very nicely to the level. The expectation is for a NSH. I don't like how the bears have been allowed almost a 100% correction. It's unreasonable to expect the bulls to carry price into the expectation. I always hold price to the expectation until it has failed. In this particular situation what you end up with is a structure support area trade. The area is expected to hold and...Ignored
Disliked{quote} Thank you, would you tend to pass up on this type of opportunity due to the deep retrace by the bears? If so at what point would you then continue to look for longs? When entering this type of trade I want to see a HH then look to enter on a pullback and rotation around the 61-78 of the upleg that produced the HH.Ignored
Disliked{quote} Getting the shorter term or immediate order flow NSH is not a bad thing but it negatively affects the RR. I would either take the trade with a smaller position size and reduce risk as soon as possible. It's not a trade that I would not take. But my priority would be to secure a risk free position.Ignored
Disliked{quote} interesting thanks. I've entered long on a pullback to the 61 and rotation on the M1 to optimise RR, because of the potential upside I can afford to close half at 1:1 RR for a risk free trade if we print new highs {image}Ignored
Disliked{quote} Good luck man I do like that short term order flow looks like the bulls are there. Let us know how it works outIgnored
Disliked{quote} I've closed half and tightened stop, risk free trade from here! {image}Ignored
Disliked{quote} Rocky have you ever made a post on how you choose which swings to use for your pitchforks and how you use them in general? I don't recall seeing one when I've gone through your thread. If you've made one before then I'll do a better search but if you have some spare time, a quick chart and explanation of how you use them would be cool. Can keep that in your thread too if you like. {quote} I think that original is all you need, gives people the foundation which can serve as standalone or they can fine tune it if needed as they put it into...Ignored