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-   -   Ratios & Harmonics: a Different Way to Trade (https://www.forexfactory.com/showthread.php?t=402253)

Kayjay2011 Sep 20, 2019 9:47am | Post# 48241

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Good day traders!

Early first trade. Took this long with my SL right below the area. I went to a BE at the 38 of the correction and started trailing decision candles after price went through the 61 retracement level.
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Jaytrades Sep 20, 2019 9:51am | Post# 48242

Sideways Friday

Mr. Pip Sep 20, 2019 9:52am | Post# 48243

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Trading against the expectation unintentionally. long

Over looked that price had made a NSL
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Pair-me-up Sep 20, 2019 9:56am | Post# 48244

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Looking at the 233 tick chart on the YM... If this one to one plays out, it would have some structural confluence to the left.
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Rush2112 Sep 20, 2019 9:57am | Post# 48245

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Price corrected 100% and trailed aggressively at the top. Going to hold until this breaks unless we get to the bottom again for a good RR entry.

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Mr. Pip Sep 20, 2019 10:03am | Post# 48246

Ok I got out oat a breakeven since I had no reason to be in a long and got taken out +2 points on the day. Not great trading today

brrand Sep 20, 2019 10:05am | Post# 48247

{quote} after ~24 hours, got a breakout of the flag. hoping to follow through the trade to its expected position. {image}
Out +46

Rush2112 Sep 20, 2019 10:10am | Post# 48248

Trading against the expectation unintentionally. long Over looked that price had made a NSL {image}
In my analysis, I considered it a retest (100% correction) since it was so close and maintained the NSH expectation.

steos Sep 20, 2019 10:13am | Post# 48249

Ok I got out oat a breakeven since I had no reason to be in a long and got taken out +2 points on the day. Not great trading today
Mr Pip just for your info in my YM chart it didn't make a NSL since the candle closed above the low of the main swing.

HomerSim Sep 20, 2019 10:16am | Post# 48250

I think Damian was using the low of 27103 on the 144 tick

steos Sep 20, 2019 10:23am | Post# 48251

I think Damian was using the low of 27103 on the 144 tick
I was using the exact same low on the 144t

Jaytrades Sep 20, 2019 10:29am | Post# 48252

Me too. And took the good RR sell. Didn't workout. Sloppy Friday market.

Pair-me-up Sep 20, 2019 10:43am | Post# 48253

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Looking at the 233 tick chart on the YM... If this one to one plays out, it would have some structural confluence to the left. {image}
Short
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Jaytrades Sep 20, 2019 10:49am | Post# 48254

It occurs to me - the enemy of my trade plan (besides myself sometimes) is the megaphone pattern. Or as I now like to call it the "expectation failure pattern".

Pair-me-up Sep 20, 2019 11:45am | Post# 48255

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{quote} Short {image}
Locked in a few more points.

Also trading the MYM
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standrdtrde Sep 20, 2019 11:52am | Post# 48256

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5 trades today. -22.
1. BE after test of high. +2
2. Loss on Short hit stop. -22
3. Loss on Long hit stop. -16
4. BE on Short. +1
5. Win on Short got taken on trail. +13.
That weak NSL/retest area at the start of the session had a good rotation and per the trade plan should have been taken long. Shame on me.
I literally could not decide if the market was still long or had turned short due to such a weak close and THATS why I should have just treated it as a retest instead of a NSL. shame on me.
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Pair-me-up Sep 20, 2019 11:54am | Post# 48257

{quote} Locked in a few more points. Also trading the MYM {image} {image}
Out

YM +47 -> 2 point draw down on entry
MYM +50 -> 0 point draw down on entry

I don't always get such a miraculous entry, but when I do, I am very grateful to say the least.

Mr. Pip Sep 20, 2019 12:54pm | Post# 48258

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Very tough day today but came out on top. Some blunders but got my shit together and got back on my trade plan. +22 points for the day

Post session review later today!
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Rush2112 Sep 20, 2019 1:16pm | Post# 48259

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1 trade today on YM...

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alphabear Sep 20, 2019 1:29pm | Post# 48260

Very tough day today but came out on top. Some blunders but got my shit together and got back on my trade plan. +22 points for the day Post session review later today! {image}
Hi Mr Pip, what pair and time is this?


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