stop to entry no follow through at new PRZ

Ratios & Harmonics: a Different Way to Trade

Switched to short, reversal at PRZ target 1.27 ext

Ratios & Harmonics: a Different Way to Trade

Same again, like shooting fish in a barrel

Ratios & Harmonics: a Different Way to Trade

This has also turned out to be the change of trend pattern I mentioned a few posts ago(see annotation) good luck

Ratios & Harmonics: a Different Way to Trade

I dont really think in those terms (NSH NSL etc) but more in 'legs' as most moves have 2 legs, its just something to be aware of when you see a 2 legged pullback just watch out for the bear trap, we just had another in eurusd 5min. best of luck:

Ratios & Harmonics: a Different Way to Trade

And sitting at my comp watching the eurusd we just had the same Not trading as spread too wide.

Ratios & Harmonics: a Different Way to Trade

and reading further into your post you got hit by that again. Here the original leg that broke the channel is marked as the first leg, this happens when the first pullback is very deep, expect another leg then resumption, retest of the high and then ...

Ratios & Harmonics: a Different Way to Trade

The pattern is a common major reversal pattern we had a classic in the eurusd on friday

Ratios & Harmonics: a Different Way to Trade

Sorry to hijack your chart Maxx but this was obvious to me If your interested in this common PA pattern google channel breaks and 2 leg pullbacks and 2 leg trap for more info

Ratios & Harmonics: a Different Way to Trade

For those using FXCMs trade station here is a link for range bars that you can simply upload into the indicators and use on the chart, works well url

Ratios & Harmonics: a Different Way to Trade

USDCAD Long at SP of Daily Fork, and Horizontal support. Trade was taken at the completion of the bullish engulfing candle on the 4H Target 1.3700 the ML

The One: Price Action and Reaction

Re entered long on XAU 1H at 76 Fib of AB Target this time $1189 fairly tight stop. A 'set and forget' trade

The One: Price Action and Reaction

NZDUSD Short Trade taken on the 4H Target is fib 1.21 ext completion of Wolfe wave setup (6) and SP of minor fork. Also gold trade closed manually for 90 pips due to PA and ML resistance

The One: Price Action and Reaction

and sometimes should means will

XAU/USD & XAG/USD - Gold & Silver Traders Thread

XAU Long trade I have decided on a target of 1214: the ML of the minor bearish purple Fork and the UP of the minor bullish blue fork

The One: Price Action and Reaction

Looks like you trade using the same formula I use, many of your forks are identical to mine, pity this is a journal otherwise i'd join you in posting, at the min I'm posting here http://www.forexfactory.com/showthread.php?t=565188&page=81

Swing trading with Andrew's pitchforks and volume analysis journal

Just a quick note on abbreviation for any new traders that find this type of analysis useful/interesting, Some of the abbreviations i use are: ML- Median line UP Upper parallel LP Lower parallel SP Sliding parallel TL Trigger line Fib- Fibonacci PRZ ...

The One: Price Action and Reaction

FTSE Weekly Possible H&S, Strong Bearish Weekly Engulfing, Horizontal support (neckline) around 6630 with poss Sliding parallel(SP) support. Daily: Speculative bearish fork with price constrainment and support(red lines) poss SP support from minor ...

The One: Price Action and Reaction

Long XAU I took this position at the close Friday based on the depth of Golds retracements(yellow lines) Horizontal Support and Fibs Golden ration on the Weekly Median line support on the Minor Daily (purple) Fork and the PA on the H4. Target around ...

The One: Price Action and Reaction

EUROBUND Weekly: Bullish falling wedge and Sliding parallel support Daily: Strong Bullish Daily Engulfing Candle with positive RSI Divergence 4H: Speculative minor fork entering the PRZ of BC Interesting PA: a close above the channel on H4 and I ...

The One: Price Action and Reaction