At the start of the week, I plot out all the high impact news relating to the pair I'm trading as vertical lines. That works well for shorter time frames, but visually it won't work well on the longer time frames. For the longer TF, you need to code ...

Ratios & Harmonics: a Different Way to Trade

IMHO high impact news can definitely burn you on the short TF (1 min, 5 min)

Ratios & Harmonics: a Different Way to Trade

If I may add my experience: I wrote an EA a year ago when this thread first started. The EA would trade ABCD, Gartley, Bat, Butterfly and Crab patterns as per Mr. Pip's ratios. They could be traded as either complete patterns, or on the turning ...

Ratios & Harmonics: a Different Way to Trade

There are a few out there, for example ZUP. A google search should point you in the appropriate direction. Or send a message to poruchik who has occasionally posted here.

Ratios & Harmonics: a Different Way to Trade

I use 5M charts. I prefer tick charts, but I have to use MT4 for my broker so My TP is dependent upon what I'm trading, but if you need some guidance to get started Mr. Pip's 38.2 / 61.8 work OK on ABCD patterns. My humble $0.02... the EA ...

Ratios & Harmonics: a Different Way to Trade

Running out of space! FOMC statement made for an interesting day... (dotted vertical line was FOMC)

Ratios & Harmonics: a Different Way to Trade

Good luck!

Ratios & Harmonics: a Different Way to Trade

That is interesting... it does open up some further debate regarding how different time/tick frames can generate different perceptions. But as always, the best course of action is to apply consistent methodology to the TF you trade

Ratios & Harmonics: a Different Way to Trade

Thanks Barry So NSH and NSL aren't necessarily swings... just a bar close beyond?

Ratios & Harmonics: a Different Way to Trade

I think some valid points got raised recently about terminology ("order flow"). I have one of my own: when people talk about "new structure high" and "new structure low" are they just referring to a new swing high or low? So a "new structure high" ...

Ratios & Harmonics: a Different Way to Trade

Thanks for the pointers

Ratios & Harmonics: a Different Way to Trade

For me and my personality, the challenge is accepting imperfection and uncertainty. The psychological aspect of the game is one of the most difficult things, I think.

Ratios & Harmonics: a Different Way to Trade

Thanks for the suggestion. I'll certainly give it a look, but I've played around with a lot of different colour schemes and I've very settled with this one.

Ratios & Harmonics: a Different Way to Trade

This pretty much sums up what most of today has played out like... Nevertheless, some good lessons to learn, to apply tomorrow

Ratios & Harmonics: a Different Way to Trade

I've been having a bad day too... just not judging the price well today I guess we all just have to take the good days with the bad days, and when things aren't going right simply walk away for a while and come back with a fresh mind. I hope ...

Ratios & Harmonics: a Different Way to Trade

Good luck! I don't know the significant RN on USDJPY... is 104.500 significant? If so, that might create some resistance?

Ratios & Harmonics: a Different Way to Trade

You know, I actually had "expect second retest" written above the first test of the RN at the time I entered. With retrospect, I feel it would have been better to wait a bit longer, maybe for the second test (which could have turned out to be a ...

Ratios & Harmonics: a Different Way to Trade

I'm glad it was helpful for you

Ratios & Harmonics: a Different Way to Trade

That sucks! I know the various arguments... news just accelerates price to where it was going anyway, or otherwise prices corrects itself quickly afterwards, but I just stay away from high impact news events.

Ratios & Harmonics: a Different Way to Trade