Because if you take one thing out of the tool set it won't work alone. Harmonic patterns and fibs work only in conjunction with market structure and expectation trading. Damian has been kindly teaching us mostly market structure and finding the ...

Ratios & Harmonics: a Different Way to Trade

I wish the best luck to all friends over at RTM and hope you all find success. The new RTM with an NDA and fee, but especially the fact that you can no longer teach who you want, looks very different from the initial spirit of "traders helping ...

ReadtheMarket - Supply and Demand with Price Action

if you are short your TP is a buy order, meaning it will execute at the ask price. MT4 charts are bid charts, so even if the bid price reaches your TP, depending on current spread at the time, it is likely that the ask price was still trading above ...

Ratios & Harmonics: a Different Way to Trade

Not sure but today I can't see it clearly, another one: image I'm short biased now because to me that HL which got broken was the important one and we made a NSL, but the one with the arrow makes me insure though. Sorry, hope I'm not confusing ...

Ratios & Harmonics: a Different Way to Trade

NZDUSD 5m possible long if price makes a good rotation in one of these zones: image HTF is up and price engulfed into free space, I think we can expect another leg up. image

Ratios & Harmonics: a Different Way to Trade

This is something coming up frequently where it's still not clear to me. In specific cases where price is approaching a HTF support/resistance demand/supply zone, it is key to detect early expectation changes. But in some cases it's not so clear, ...

Ratios & Harmonics: a Different Way to Trade

Looked at EU 1m today and this market state makes it really difficult so this was my initial thought: image Expectation failure after failure (range). So if we look at the different order flow scales, it becomes a bit clearer: image Complex ...

Ratios & Harmonics: a Different Way to Trade

IMHO OF is to the upside image

Ratios & Harmonics: a Different Way to Trade

GBPCHF 15m/30m Price engulfed into free space, meaning price had room to drop to the next demand, so I was looking for a short. image image

Ratios & Harmonics: a Different Way to Trade

I'm no expert but from the video lessons I understand rotation in the following way. When you want to enter on a retracement for a new expectation you want the timing to be as accurate as possible. The bar by bar video was really helpful here. ...

Ratios & Harmonics: a Different Way to Trade

EURUSD 5m range bound market? Expecting a NSL? image Not clear how I should read this market, any comment? I probably think it has still some upside potential because really price is just retesting the lower edge of this range. Or should we ...

Ratios & Harmonics: a Different Way to Trade

Interesting, so you are short biased on EU. Not saying this is wrong, more likely is that my read is wrong, just funny how subjective it is to define a trend. Still long EU, from previous post: But doesn't look too well now, bearish volume candles ...

Ratios & Harmonics: a Different Way to Trade

EURUSD 5m long image Was not expecting a deep RT after the good projection, so on decent buying sign I went long with stop below just the 0.786.

Ratios & Harmonics: a Different Way to Trade

Missing an entry or a take profit by just a few pips (HTF trading) or by <= 1 pip (LTF) really isn't that common but because we are so emotionally attached to these missed or failed (stopped out by a pip) setups we tend to remember those well, which ...

How to deal with missed trading opportunities

Yes I think it makes sense to enter 1/2 position at the first area with a smaller stop (below the level which we expect to hold) to get a favorable R:R ratio. From what I've see recently, you would put your stop still below the main swing? To me it ...

Ratios & Harmonics: a Different Way to Trade

Short term fulfilled new expectation, now it's open if price wants to continue with the longer term expectation: image Still long as I'm playing the longer term order flow.

Ratios & Harmonics: a Different Way to Trade

(USDJPY continued) Short term aligning with longer term expectation? image Bears have still some volume but weakening, I'm long now. EDIT: and now this rotation candle showed up image

Ratios & Harmonics: a Different Way to Trade

USDJPY 5m I think the sellers start to show some weakness, I would like to see a NSH in the short term OF for additional confirmation. Only concern is that the sellers were quite strong on approach... But I think the buyers at demand could attack ...

Ratios & Harmonics: a Different Way to Trade