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Attachments: Ratio and Harmonics Study Journal
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Ratio and Harmonics Study Journal

  • Post #1
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  • First Post: Jul 26, 2017 4:26pm Jul 26, 2017 4:26pm
  •  josid
  • | Joined Jan 2010 | Status: Member | 62 Posts
This thread is solely to journal my personal study based on Mr Pip's thread: Ratios & Harmonics: a Different Way to Trade
and to provide platform for mentors to review my study and provide feed back.
  • Post #2
  • Quote
  • Edited at 4:59pm Jul 26, 2017 4:32pm | Edited at 4:59pm
  •  josid
  • | Joined Jan 2010 | Status: Member | 62 Posts
Order flow generally bearish.
Structure at the 61.8% Fib level
AB=CD completing at the same level
Selling with stop above the high. TP is 1 to 1 or 127fib level which was never reached.
Please let me know if I'm seeing things right and managing the trade appropriately.
Chart is YM futures on June 27, 2017
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  • Post #3
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  • Jul 26, 2017 4:56pm Jul 26, 2017 4:56pm
  •  josid
  • | Joined Jan 2010 | Status: Member | 62 Posts
The low I picked for the main swing is not the clear low but I think it is a distinct swing non the less. Let me know if this is right.
SOS 3. Price broke structure to a bit before the rotation candle. Should I have entered? Chart is YM on June 28, 2017.
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  • Post #4
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  • Jul 26, 2017 5:17pm Jul 26, 2017 5:17pm
  •  josid
  • | Joined Jan 2010 | Status: Member | 62 Posts
SOS 2. Took rotation candle that bounced off 50% fib level because projection and momentum was strong and I was expecting a shallow to mid range correction.
Price corrected to 61.8% before continuing up. Stopped out at BE.
Apparently, I wouldn't be stopped out if I entered at 61.8% retracement but was my expectation and entry correct?
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  • Post #5
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  • Jul 27, 2017 9:44am Jul 27, 2017 9:44am
  •  josid
  • | Joined Jan 2010 | Status: Member | 62 Posts
This is SOS 2.
I usually wait till price gets above the previous NSH to move to BE.
Price never got there so this was a loser.
Should I have moved to BE earlier?
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  • Post #6
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  • Jul 27, 2017 11:52am Jul 27, 2017 11:52am
  •  josid
  • | Joined Jan 2010 | Status: Member | 62 Posts
SOS 2 Entry @ 50% Fib level and structure
Moved to BE when price broke the last NSL (Is this correct?)
Aggressive trail once 1 to 1 is completed
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  • Post #7
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  • Jul 27, 2017 5:56pm Jul 27, 2017 5:56pm
  •  josid
  • | Joined Jan 2010 | Status: Member | 62 Posts
SOS 2 @ 50% Fib level.
Price moved into the Golden zone before heading back down
Moved to BE as price tested the previous structure low and trail aggressively at 127 extension.
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  • Post #8
  • Quote
  • Edited at 10:19am Jul 28, 2017 10:03am | Edited at 10:19am
  •  josid
  • | Joined Jan 2010 | Status: Member | 62 Posts
SOS 2 @ 50% Fib level
Stop Loss hit
June 29, YM
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  • Post #9
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  • Jul 28, 2017 10:35am Jul 28, 2017 10:35am
  •  josid
  • | Joined Jan 2010 | Status: Member | 62 Posts
SOS 2 @ 50% Fib level.
June 30, YM
Stopped out at BE
Looks like I would have done better if i waited for a deeper correction.
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  • Post #10
  • Quote
  • Jul 28, 2017 11:04am Jul 28, 2017 11:04am
  •  josid
  • | Joined Jan 2010 | Status: Member | 62 Posts
SOS 3 @ 50% Fib level
Stop Loss hit.
July 2, YM
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  • Post #11
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  • Jul 30, 2017 10:01pm Jul 30, 2017 10:01pm
  •  josid
  • | Joined Jan 2010 | Status: Member | 62 Posts
SOS 1 @ 50% Fib level
July 3, YM
Stopped out at BE
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  • Post #12
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  • Jul 30, 2017 10:19pm Jul 30, 2017 10:19pm
  •  josid
  • | Joined Jan 2010 | Status: Member | 62 Posts
SOS 3 @ 50% Fib level
July 3, YM
Stopped out at BE
I wont be trading these odd hours but I guess it's till good for practice
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  • Post #13
  • Quote
  • Jul 31, 2017 2:55pm Jul 31, 2017 2:55pm
  •  josid
  • | Joined Jan 2010 | Status: Member | 62 Posts
SOS 2 @ 50
SOS 2 @ 50% Fib
Jul 3, YM
Stopped out at BE
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  • Post #14
  • Quote
  • Aug 18, 2017 7:59am Aug 18, 2017 7:59am
  •  josid
  • | Joined Jan 2010 | Status: Member | 62 Posts
Main swing marked with blue lines and Fib.
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  • Post #15
  • Quote
  • Aug 18, 2017 8:21am Aug 18, 2017 8:21am
  •  josid
  • | Joined Jan 2010 | Status: Member | 62 Posts
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  • Post #16
  • Quote
  • Aug 21, 2017 11:52am Aug 21, 2017 11:52am
  •  josid
  • | Joined Jan 2010 | Status: Member | 62 Posts
I just got off a skype call with Mr Pip. The diagnosis is mainly OF mix up and getting in OF's that are way too large for and intraday trader. While focusing on those long swings (over 40 points) going into loss, many short term opportunities for profitable trades pass by.
Focusing on the short term/ immediate OF will also help keep stops small.
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  • Post #17
  • Quote
  • Aug 21, 2017 7:56pm Aug 21, 2017 7:56pm
  •  josid
  • | Joined Jan 2010 | Status: Member | 62 Posts
I worked on the two trading days to see how I would trade the immediate OF based on the tutorial I got today. The trendy day(June29) yielded a very positive result. The second day was red but not as bad as previous trades with huge main swings
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  • Post #18
  • Quote
  • Last Post: Edited Aug 25, 2017 12:15am Aug 24, 2017 12:35am | Edited Aug 25, 2017 12:15am
  •  josid
  • | Joined Jan 2010 | Status: Member | 62 Posts
I figured that it is fairly easy to make money on a very trendy day with YM but choppy days could be disastrous. I'll use this post to keep track of choppy days I come across so I can return to them and practice with them when I need to

Choppy/Range
May 26, 2017
May 30, 2017
June 30, 2017
July 13, 2017

Trendy
June 29, 2017
 
 
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