Congratulation, Nice trade. It is said that targets are good for archers only.

Ratios & Harmonics: a Different Way to Trade

The long there looks perfect. Except my target would have been at 2059.75 (1 tick in front of the overnight support turned resistance @ 2060). Price had given signs it wanted to reverse the downtrend making a HL and HH and was in a pullback to the ...

Ratios & Harmonics: a Different Way to Trade

What do you mean by price went down? You have had a trend day up today on all indices and Crude.

Ratios & Harmonics: a Different Way to Trade

i would have expected continuation to the downside given that price had just tested what appears to be a strong level of resistance (your cyan zone) and the rotation upthere right within the zone of resistance appears heavy and should act as a ...

Ratios & Harmonics: a Different Way to Trade

Nice trades and well played. Congrats.

Ratios & Harmonics: a Different Way to Trade

The breakout failure at your supply zone is a good illustration of trapped traders trying to reverse the longer term downtrend. You want to fade these guys. I know you don't look at horizontal volume but 2053.50 was the most transacted price level ...

Ratios & Harmonics: a Different Way to Trade

The ES retraced up to 2053.50 just above the 61.8% of the last significant swing (2059.25..2040.75). Is it not your ideal pullback ratio?

Ratios & Harmonics: a Different Way to Trade

In your first sample, the bar in black is showing a HH and HL so the trend is still up. In the second sample, the white bar is showing a LL and equal Hi, i would assume the move to the downside intact.

Ratios & Harmonics: a Different Way to Trade

I was bullish starting the day session given the overnight price action: 2 potential entries just after the opening at 9:30 image

Ratios & Harmonics: a Different Way to Trade

Hi jmezz, When it is not clear i often look at another timeframe or interval representation to get a new perspective. Here is what i am trying to do when i do my analysis on the US indices. I look at it using the Point_-O-Chart representation and ...

Ratios & Harmonics: a Different Way to Trade

The deal between Saudi Arabia, Russia to Freeze Oil Output Near Record Levels helped pushed the markets higher today. This news took many traders by surprise. url

Ratios & Harmonics: a Different Way to Trade

@jmezz In that sequence, price on the YM retraced to Yesterday's RTH open to the tick. The open is seen by more people than any mathematical level derived from any particular swing leg on a 233 tick chart.

Ratios & Harmonics: a Different Way to Trade

price structure with key retracements for Friday (Dow/YM) : Broker feed Oanda image

Ratios & Harmonics: a Different Way to Trade

If you are in a state of confusion then make your heuristic rule simple: If price trades above the open then your market is bullish else it is bearish ;-)

Ratios & Harmonics: a Different Way to Trade

Your english is very good and you have asked good questions. I do not trade the EUR/USD and consequently all i can share is my understanding with the benefits of hindsight so take it with a grain of salt as it is much easier to trade after the fact ...

Ratios & Harmonics: a Different Way to Trade

I understand your bearish bias at the time of your entry but there were some obstacles in the path of your trade. First, the area of support as shown by the horizontal lines as well as the ascending trend line and next the opening range. In theory, ...

Ratios & Harmonics: a Different Way to Trade

I basically see the samething as you and Mr. Pips. Here is my take using 1600 Tick interval to get a different perspective. I see 3 big ranges. We are presently in the middle range and current order flow is going down in search of buyers. We can see ...

Ratios & Harmonics: a Different Way to Trade

I use both platforms Ninjatrader and MT4 and yes there is a way to display tick chart interval on MT4. I bought this package collection a while ago and it works perfectly: There is a free trial if you want to test them. url image

Ratios & Harmonics: a Different Way to Trade

Such momentum burst can mean that price went too far too quick but in your example the number of bars that formed the retracement is made of many bars . The burst contains 4 bars while the retracement contains 14 bars. The only conlusion is that it ...

Ratios & Harmonics: a Different Way to Trade