And for forecasting the extension of the AB= CD it stopped exactly at 168% extension Just wish I could see them better in advance rather than hindsight,

Ratios & Harmonics: a Different Way to Trade

Looks like an AB=CD was the way to go

Ratios & Harmonics: a Different Way to Trade

I was thinking of the round number resistance at 9300 if it gets there should make a decent low risk short entry Time will tell I guess

Ratios & Harmonics: a Different Way to Trade

Don't know if any of you trade the German DAX But heres my analysis of todays price action, with an uncompleted potential pattern heres hoping that im not upside down on anything Regards Chalky

Ratios & Harmonics: a Different Way to Trade

OOPS Thanks for that, Must have a dodgy software package LOL ........

Ratios & Harmonics: a Different Way to Trade

Hmm Im confused now This was what I saw and it did seem to me to fit the profile of a bat

Ratios & Harmonics: a Different Way to Trade

Thanks Making me think about the answer was definitely the correct thing to do. Your help here is invaluable Regards Chalky

Ratios & Harmonics: a Different Way to Trade

Its so much easier in hindsight, does anyone else wait for weakness, I know I do, and it doesn't usually give the best entry. Entering with confidence in the PRZ seems too risky.. Hopefully with enough practice, and of course some help from Mr Pip ...

Ratios & Harmonics: a Different Way to Trade

Please shoot me down in flames if I am wrong, because I probably am... but The downleg that you refer to as the AB looks like a dominant swing of the XA leg from the 1.2475 level (ish) so an AB=CD to (using what I called the XA leg) the Upside of ...

Ratios & Harmonics: a Different Way to Trade

I am no expert, but would like to join in this discussion as part of my learning curve. Ive looked at the pattern and it does qualify as a bat from what I can see, it retraced past 38% so moving stop to breakeven assuming that your entry was in the ...

Ratios & Harmonics: a Different Way to Trade

Hi Mr Pip In response to your reply to me about your GBP NZD Trade OK.. I think i see it now, the momentum in the down swing prior to your entry was greater than its own main swing. Thus indicating a change in order flow. I guess that makes for a ...

Ratios & Harmonics: a Different Way to Trade

Hi Mr Pip that's a really interesting trade that you completed today. May I ask what gave you the confidence to go short at the 50% level when the preceding order flow from the 30 mins prior to what is shown on your chart was up? Unless im not ...

Ratios & Harmonics: a Different Way to Trade

Hi Mr Pip I only discovered this thread a few days ago, I've been trading on and off for a good while and have had reasonable successes and failures in the past. I guess inconsistent describes my trading historically. Reading your posts and watching ...

Ratios & Harmonics: a Different Way to Trade