Thnks crixus...I use dual time frame analysis in my trading (987T-233T). I based my trading decisions on the HTF and execute the trades on 233T chart....As you see on the chart buyers were unable to push the market above the previous high, two ...

Ratios & Harmonics: a Different Way to Trade

Peter, I am probably the last person to talk about "expectation" method. I trade based on harmonic patterns approach thought by Scott Carney. For me is all about the pattern, ratio, time...I don't mix the strategies. ...I hope it clarifies.

Ratios & Harmonics: a Different Way to Trade

Honestly, I don't know what I would do but I believe I would try to stick to my plan.... another scenario how to deal with the situation...(choose one and be consistent)

Ratios & Harmonics: a Different Way to Trade

Peter, what would convince you to cover the shorts earlier? Personally, I would cover at 127.2% projection of the main swing X to A at @24723 if I have been in this trade. You see this on my charts. Targets: 1:1, or 127.2% projection..I don't like ...

Ratios & Harmonics: a Different Way to Trade

Sheep, I don't want you or others to have an impression I have discovered any of elements I use in my trading. I use the knowledge and lifetime work of others. I just composed my trading method with segments of their approach. The credit goes to ...

Ratios & Harmonics: a Different Way to Trade

[quote=Sheeep44;11104104] Great explanation. I believe every trader has to develop their 'own' way of trading. Thank you Sheeep and I agree with you 100%. You will never get into someone's head only your own. Trust your analysis and follow your ...

Ratios & Harmonics: a Different Way to Trade

for the sake of discussion.... let say you saw small reversal pattern (ABC) formed in PRZ3, you look at the bottom of the chart and you noticed the time 9:15-9:20 EST, NY is going to open any moment, you move your trailing stop just above B point ...

Ratios & Harmonics: a Different Way to Trade

for the sake of discussion.... Let say you watched the movie Wall Street a long time ago and you remember Gordon Gekko said: 'Greed is good' and you decided to hold on your short trade, why? PRZ2 broken and the low of main swing taken out...now you ...

Ratios & Harmonics: a Different Way to Trade

[quote=Coreg2004;11103927] for the sake of discussion.... Ouch..When the price got into your PRZ you recognized the market is weak (broken PRZ) and you decided to stay in the trade to grab a bigger chunk of the profit (a sound decision if you ask ...

Ratios & Harmonics: a Different Way to Trade

for the sake of discussion....let's say you are at point C and based on your technical analysis of the 233T chart (stay in a one-time frame) and the knowledge of your trading method you expect the market to trade below point B and creating point D ...

Ratios & Harmonics: a Different Way to Trade

[quote=PeterT;11101498] I may hope you mean you stop harassing us for now, for this week?? [quote=KensTrader;11101987] Your posts are so helpful Coreg. Thank you guys for a kind, appreciative words, it means a lot to me.

Ratios & Harmonics: a Different Way to Trade

Those who chose today to trade AB=CD (maroon color) are big winners............ My fellow traders with today's presentation how I trade harmonic patterns and how I apply dynamic trend analysis I concluded harassing you with it as well as with Dow ...

Ratios & Harmonics: a Different Way to Trade

Update

Ratios & Harmonics: a Different Way to Trade

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Ratios & Harmonics: a Different Way to Trade

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Ratios & Harmonics: a Different Way to Trade

Sorry Peter for confusion here is a clarification of the patterns.... When the market drops to PRZ you need to decide what trigger to use. Your maximum loss is one tick under the PRZ or whatever your risk tolerance is. If the trade is too costly you ...

Ratios & Harmonics: a Different Way to Trade

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Ratios & Harmonics: a Different Way to Trade

Very good, HH-HL uptrend and LH-LL downtrend. Now please examine attachments and remember them forever and you will be fine.

Ratios & Harmonics: a Different Way to Trade

My fellow traders, how many of you know the definition of the trend?

Ratios & Harmonics: a Different Way to Trade

Nice job bmdenton, be selective...Good luck...same here

Ratios & Harmonics: a Different Way to Trade