I do a lot of higher TF analysis in conjuction with VSA (beyond the scope of this thread) and I like to look at long-term support and resistance. I noticed that in the H1 there was resistance turning into potential support (see yellow rectangle in ...

The 5 minute TF S&R trading system

Price respected 1.3265 twice but a re-entry like that is too risky, IMO especially considering the UoM news coming out

The 5 minute TF S&R trading system

here come the bulls

The 5 minute TF S&R trading system

That's why I included "+spread" Spread for me was like 2 pips so 1.3265 if you wanna get technical

The 5 minute TF S&R trading system

Looks like 1.3263 + spread was a winner

The 5 minute TF S&R trading system

Thanks a lot, Mr. Pip. Couldn't have done it without all the time you, Bary and everyone else involved have dedicated... Truly some amazing stuff!

Ratios & Harmonics: a Different Way to Trade

Yeah, it could have been a little cleaner but I just couldn't resist after I saw how fast PA rejected the 78.6. And that pinbar in the 1hr added further confirmation!

Ratios & Harmonics: a Different Way to Trade

83 pips

Ratios & Harmonics: a Different Way to Trade

Sure pays to be patient. EU 1 HR

Ratios & Harmonics: a Different Way to Trade

no entry, 30 mins until philly fed

The 5 minute TF S&R trading system

I'm out for a small gain at the 38.2%. Could there be a possible bearish butterfly forming? EU 5 min:

Ratios & Harmonics: a Different Way to Trade

Good luck!

Ratios & Harmonics: a Different Way to Trade

Yeah, price was hanging around the PRZ for a while

Ratios & Harmonics: a Different Way to Trade

Stop moved to B/E!

Ratios & Harmonics: a Different Way to Trade

EU 5 minute chart How does this aggressive C sell look? Price has repeatedly failed to close above the 78.6% retracement of the AB leg.

Ratios & Harmonics: a Different Way to Trade

Stops moved to B/E after it penetrated 38.2% retracement of B/C move. Let's see if it keeps going...it could also form a Gartley/Butterfly formation depending where it retraces. Best regards, Sho

Ratios & Harmonics: a Different Way to Trade

Anyone watching EU 1 hr? This looks like a possible aggressive C buy (PA closed between 61.8 and 78.6 and could not close beyond 78.6). There is also prior market structure at C. What do you guys think?

Ratios & Harmonics: a Different Way to Trade

EU is dead this morning, probably waiting for Bernanke later at 4 pm EST Also having an Obama press conference at 11:30 EST

The 5 minute TF S&R trading system

PO long @ 56? edit: PO modified to 58 with new close

The 5 minute TF S&R trading system

video

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