The plan at this moment continues to be the same with the EURUSD. We have not observed a significative retracement from yesterday's FOMC 160 pips bearish move. The double (tripple) bottom is being very supportive to a long move, however I have ...

Horuxito's Journal

Nice to see around one of my good friends! You are right about your statement. I'll tell you a little of what I do. The plan is to deattach myself as much possible as I possibly can from the typical harmonic patterns. I'm looking instead for ...

Horuxito's Journal

You are using the best simu. Mine is more humble running in strategy tester, but is cool.

Ratios & Harmonics: a Different Way to Trade

Price is always contained within a range, that's the funny thing. Even when you are going from the roof to the floor of the range, during that micro trend price is contained within a range. This is called the fractal nature of the markets. When you ...

Ratios & Harmonics: a Different Way to Trade

Exactly.

Ratios & Harmonics: a Different Way to Trade

I haven't seen the JPY pairs for a while. Never have traded the Geppy but the Ninja hurt my feelings more than once lol. (Btw, here is a link to know the most common forex pairs nicknames: url I know you've been practicing price action and ...

Ratios & Harmonics: a Different Way to Trade

Nope. That is London close calmed period of time in a choppy day after a big FOMC storm the previous day. Besides decreasing momentum needs to be observed in swing impulses going towards a price level. You cannot talk of momenum contained in the ...

Ratios & Harmonics: a Different Way to Trade

Bears are exhausted in the EURUSD, but careful. There is a huge amount of empty space below that double bottom. I want to jump in long, waiting my momenth though.

Ratios & Harmonics: a Different Way to Trade

EURUSD is still trading in the downside without providing any significative retracement. I closed my previous long trade at BE+5, and continue to wait for my moment to jump in long. I see a lot of signs of exhaustion by the bears. But this always ...

Horuxito's Journal

I'm enjoying your progress, keep it up!

Ratios & Harmonics: a Different Way to Trade

Alright, big mess yesterday with the FOMC. It ended up being great for my GU trade. Ok, EURUSD. HUGE downtrend of 160 pips without any significant retracement so far. I call significative at leat 38.2% of the whole move. Price started to show signs ...

Horuxito's Journal

Swings should be visible to the naked eye although I understand sometimes that's difficult. For that reason I don't use time based charts, I prefer range bars charts, I talk about them in my journal. Semaphor is supposed to help the Elliot Wave ...

Ratios & Harmonics: a Different Way to Trade

Hey, I'm still learning and trying too! But, we can help each other out during this process. We all will get there!

Ratios & Harmonics: a Different Way to Trade

Uhmm. I am sorry if I comment here but I see a couple of things, maybe three. 1. That is a forced Aggro C. The rules of the swings are: "100 out of 100 people agree this is the high and this is the low". And in your picture you are not taking what ...

Ratios & Harmonics: a Different Way to Trade

Very nice trade man. I can see the bearish momentum and a nice opportunity to reload positions where you took your trade. My only observation is about the white fibonacci. It's backwards. You should have the 0% where you have the 100% and viceversa, ...

Ratios & Harmonics: a Different Way to Trade

I like 61.8% retracements, even some 50% when you are measuring them from a bigger window of time. But I think many of the pros here will agree that you want to see some harmonics within that retracement. That's the way I consider "aggressive" C ...

Ratios & Harmonics: a Different Way to Trade

I'm still working on it but I promise I will share it in my journal. Need to catch up with the tools over the weekend. Please, stay tuned.

Ratios & Harmonics: a Different Way to Trade

European trade went wrong for me in the GU: -20 pips. I grabed some popcorn and saw the FOMC created a nice first swing. Time to project exhaustion areas! To the pip, 161.8% working again. There were other considerations of course that I can quote ...

Horuxito's Journal

Alright guys. I am filled in GU. Price reached 161.8% extension of the first news swing. Additional reasons: - Price broke a mini consolidation area after the news, killing multiple stops - Price is 82 pips above the ultimate resistance and kissing ...

Ratios & Harmonics: a Different Way to Trade

Look for exhaustion. News make old plans fail as well since the market enters in some sort of consolidation during the day before FOMC events. Remember this: Every time Bernanke opens his mouth there will be a guaranteed earthquake.

Ratios & Harmonics: a Different Way to Trade