Nice trades. Did you notice that price was able to hit the 38.2% retracement of the whole swing as you described last week. That's a tactic i added to my toolbox following your comment.

Ratios & Harmonics: a Different Way to Trade

Thanks for your analysis. I was thinking about you when i drew my Fib extention at the bottom. And i thought that point A on my chart would provide a BreakOut Failure (BOF) setup and trap buyers just above the resistance you drew in Yellow but at ...

Ratios & Harmonics: a Different Way to Trade

Hi Rocky thanks for your feedbacks. I would agree with Trappist, the pull back to the trapped zone (olive color on your chart) it is also a logical area on the tick chart. Prior to this is see a good setup on the tick chart where price action forms ...

Ratios & Harmonics: a Different Way to Trade

By context do you mean considering what the other sectors are doing along with the USD and Gold? Or just considering price action within the developing chart structure? Most of time when i read the word context people are mixing both concepts.

Ratios & Harmonics: a Different Way to Trade

I visited your thread but i can't see any images. I get an error. Howvever, i do not think Damian would be offended if you reply here. On the chart i posted there are a few reasons why the shorts would be short lived. Price was over extended to the ...

Ratios & Harmonics: a Different Way to Trade

Question for you Fibs' users. Would any of you consider a short at A or B? Thanks This is the ES on a 1597 tick chart. I never use this TF but would appreciate your perspective. image

Ratios & Harmonics: a Different Way to Trade

Your Fib. analysis appears to be spot on but what about if you had to replay it bar per bar after the huge spike up? Where would you go long or short and would your Fib's and measured moves be placed as they are currently?

Ratios & Harmonics: a Different Way to Trade

I have looked at the chart now that we know the instrument. Here is how i would have marked the chart using range analysis. The idea is to use the edge or boundaries of a range to stalk a trade where the RR is optimal. image What followed and my ...

Ratios & Harmonics: a Different Way to Trade

This is my take on your quiz... I see two areas of balance where the zone at the bottom was quickly rejected. We have not found selllers yet. Price could just as well reject the higher area of balance right at the bottom edge where it is right now ...

Ratios & Harmonics: a Different Way to Trade

Hi guys, me too i'd like to join the rest of you and wish you all joy and peace at the Holidays and throughout the New Year. This thread has been interesting to follow. I have learned a few things about Fibonacci as a way to trade. Where i come from ...

Ratios & Harmonics: a Different Way to Trade

How did your trade end? I took a look on my MT4 platform after your post to better understand your train of thoughts and was curious to see how you would manage it. Not sure a rescue mission "a la Damian" would have worked on this setup. Anyway, ...

Ratios & Harmonics: a Different Way to Trade

An easy solution that comes to mind is to place an alert near an area you have identified and do something else until you hear the alarm.

Ratios & Harmonics: a Different Way to Trade

Your comment implies my question was a negative criticism. It was not. if you read it again you'll see i asked if you considered a re-entry which you did not answer. I pointed out why i considered your entry a low probability by considering what was ...

Ratios & Harmonics: a Different Way to Trade

Nice short and long. I admire your courage to trade the RUSSELL i find it too nervous and impulsive to my taste.

Ratios & Harmonics: a Different Way to Trade

@Masterrmind You did manage it well. I was wondering as it is rare you post such a trade with poor odds did you consider a re-entry (see red arrow just after a LL) ? image

Ratios & Harmonics: a Different Way to Trade

Yea! i did notice. Jmezz took a long, that's a sign maybe the indices are topping out and it's time to look for shorts. ;-)

Ratios & Harmonics: a Different Way to Trade

LOL - you're right... that's his nickname.

Ratios & Harmonics: a Different Way to Trade

You're really a contrarian trader. Most if not all of your trades have been on the short side despite the strength of this bullish sequence since the election. Did you notice it?

Ratios & Harmonics: a Different Way to Trade

I'll repeat again as i think it needs to be repeated... you'll be subject to the same risk on the Future markets. Liquidity is dying during news, that's why it is recommended to not trade during news. Most brokers on Forex or Futures will tell you ...

Ratios & Harmonics: a Different Way to Trade

But here we are talking about a problem of liquidity during news time. Same thing can occur on Futures, i have seen it before.

Ratios & Harmonics: a Different Way to Trade