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"Ratios & Harmonics: a Different Way to Trade." Summary 37 replies

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Ratios & Harmonics: a Different Way to Trade

  • #29,481
  • Jun 28, 2017 8:39am Jun 28, 2017 8:39am
Quoting johny8984
{quote} i tend to trade the immediate P/A so my chart looks like this at open {image}
Mine as well.
  • #29,482
  • Jun 28, 2017 8:42am Jun 28, 2017 8:42am
Quoting johny8984
{quote} i tend to trade the immediate P/A so my chart looks like this at open {image}
Nice
Im looking at the same see my other post, i just always also look at the longer term order flow
  • #29,483
  • Jun 28, 2017 8:52am Jun 28, 2017 8:52am
YM +16 in average.
Attached Image (click to enlarge)
Click to Enlarge Name: 20170628.PNG Size: 87 KB
  • #29,484
  • Jun 28, 2017 8:53am Jun 28, 2017 8:53am
long ym
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-17 (233 Tick) 2017_06_26.png Size: 85 KB
  • #29,485
  • Jun 28, 2017 8:54am Jun 28, 2017 8:54am
Quoting Coreg2004
{quote} News Peter https://www.forexfactory.com/news.php?do=news&id=678990
Ok thanks Coreg. I guess I'll have to watch more than just the FF calendar.
Is there any news feed that you can recommend?
Is this kind of volatility avoidable by watching news feeds? Or does the news break always come after the spike?
  • #29,486
  • Jun 28, 2017 9:05am Jun 28, 2017 9:05am
Quoting civo
{quote} on ym no such thing, see chart below Can't find anything on the news sites, there is some high impact news going on right now Edit: Also waiting for a correction to go long {image}
I'm testing YM trading on demo. Seriously considering futures and leaving forex..

You are waiting for a correction, I'm already in early. Thought the correction would not be very deep with the momentum coming up.
So I was already in at 38.2% correction, at structure 21357
  • #29,487
  • Jun 28, 2017 9:07am Jun 28, 2017 9:07am
set to B/E
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-17 (233 Tick) 2017_06_26.png Size: 94 KB
  • #29,488
  • Jun 28, 2017 9:07am Jun 28, 2017 9:07am
Quoting PeterT
{quote} I'm testing YM trading on demo. Seriously considering futures and leaving forex.. You are waiting for a correction, I'm already in early. Thought the correction would not be very deep with the momentum coming up. So I was already in at 38.2% correction, at structure 21357
I did the same thing. Thought the 38.2 was good. Still got +10. Closed because going into a potential 2 hour meeting.

Had I done a better entry, I could have trailed the stop to lock in profit and set a TP.
  • #29,489
  • Jun 28, 2017 9:09am Jun 28, 2017 9:09am
Quoting csternfx
{quote} I did the same thing. Thought the 38.2 was good. Still got +10. Closed because going into a potential 2 hour meeting. Had I done a better entry, I could have trailed the stop to lock in profit and set a TP.
Set to BE now..
  • #29,490
  • Jun 28, 2017 9:12am Jun 28, 2017 9:12am
not liking how this is pushing back against me a bit of force still 3 points locked it
  • #29,491
  • Jun 28, 2017 9:13am Jun 28, 2017 9:13am
Quoting PeterT
{quote} I'm testing YM trading on demo. Seriously considering futures and leaving forex.. You are waiting for a correction, I'm already in early. Thought the correction would not be very deep with the momentum coming up. So I was already in at 38.2% correction, at structure 21357
yeah i also left forex
trading for couple of weeks futures

waited for a better RR but mist the entry because i was on my way home
  • #29,492
  • Jun 28, 2017 9:17am Jun 28, 2017 9:17am
Quoting johny8984
long ym {image}
Great entry
  • #29,493
  • Jun 28, 2017 9:20am Jun 28, 2017 9:20am
closed at plus 30 manually as need to deal with some other distractions back in 20 mins
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-17 (233 Tick) 2017_06_26.png Size: 106 KB
  • #29,494
  • Jun 28, 2017 9:25am Jun 28, 2017 9:25am
Quoting johny8984
closed at plus 30 manually as need to deal with some other distractions back in 20 mins {image}
Nice catch Johny8984.
  • #29,495
  • Jun 28, 2017 9:30am Jun 28, 2017 9:30am
Moved stop to +6 points and got taken out
  • #29,496
  • Jun 28, 2017 9:30am Jun 28, 2017 9:30am
back didnt take that long

anyone in a position
  • #29,497
  • Jun 28, 2017 9:35am Jun 28, 2017 9:35am
Quoting johny8984
back didnt take that long anyone in a position
No it seems the bears are getting stronger so im gonna wait for now
  • #29,498
  • Jun 28, 2017 9:36am Jun 28, 2017 9:36am
Quoting PeterT
Moved stop to +6 points and got taken out
I locked in some points because a slightly more than 1:1 bearish move to the downside would possibly take me out at BE.
If my entry had been lower that would not have been necessary and I'd still be in.

Moral of the story is: don't get in early
  • #29,499
  • Jun 28, 2017 9:43am Jun 28, 2017 9:43am
Quoting johny8984
back didnt take that long anyone in a position
Still sitting on my hands. Extremely hard to read PA now.
  • #29,500
  • Jun 28, 2017 9:44am Jun 28, 2017 9:44am
Quoting civo
{quote} No it seems the bears are getting stronger so im gonna wait for now
Yes. I was waiting for price to correct for a long but bearish candles got me worried. Now PA is moving to our expectation for a NSH.
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