Ratios & Harmonics: a Different Way to Trade | Page 1483 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

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

Learning to trade with harmonics 11 replies

Time for Change - Pivots & Harmonics to freedom 67 replies

180 reasons to trade Harmonics and Patterns 13 replies

Group Trading based on Elliott wave and Harmonics 0 replies

Attachments: Ratios & Harmonics: a Different Way to Trade
Exit Attachments

Ratios & Harmonics: a Different Way to Trade

  • #29,641
  • Jun 30, 2017 8:14am Jun 30, 2017 8:14am
Quoting PeterT
Anybody got something on YM? Was thinking of going long after a correction. I'd like to see a deep correction but it might stop at 21280, which is 100% of the short term swing and 38.2% of the main intraday swing. Then my risk would be too big. I'm only trading one contract and I cannot divide it in two like with forex
Yup watching the same the RR would suck so im gonna skip this trade if it only corrects to 38,2%
let see what friday brings
  • #29,642
  • Jun 30, 2017 8:18am Jun 30, 2017 8:18am
Quoting PeterT
Anybody got something on YM? Was thinking of going long after a correction. I'd like to see a deep correction but it might stop at 21280, which is 100% of the short term swing and 38.2% of the main intraday swing. Then my risk would be too big. I'm only trading one contract and I cannot divide it in two like with forex
my first thoughts on ym after opening the chart is for a long but i would be more interested in the 60 area rather than the 80 that makes it a 30 tick stop loss but i will wait for the open and let at least a few minutes pass to allow the floor traders resting orders to pass through

i will be paying particular attention to the momentum as it approaches my area of interest
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-17 (233 Tick) 2017_06_26.png Size: 93 KB
  • #29,643
  • Jun 30, 2017 8:27am Jun 30, 2017 8:27am
anyone trading NQ had the chart open for a few days looks like it provides quite a few good trades
  • #29,644
  • Jun 30, 2017 8:44am Jun 30, 2017 8:44am
Quoting johny8984
anyone trading NQ had the chart open for a few days looks like it provides quite a few good trades
I only have YM charts open. Are you doing both YM and NQ now?
  • #29,645
  • Jun 30, 2017 8:45am Jun 30, 2017 8:45am
Quoting johny8984
anyone trading NQ had the chart open for a few days looks like it provides quite a few good trades
i have the NQ open too but im not monitoring it actively
  • #29,646
  • Jun 30, 2017 8:45am Jun 30, 2017 8:45am
Quoting Milfortra
{quote} I only have YM charts open. Are you doing both YM and NQ now?
now ive not traded NQ but i have the chart open on another screen and just monitoring it for now
  • #29,647
  • Jun 30, 2017 8:48am Jun 30, 2017 8:48am
beginning Monday though i will be actively trading CL again though and possibly 6j for one contract a piece and ym ill move back to 2-3 contracts per trade
  • #29,648
  • Jun 30, 2017 8:49am Jun 30, 2017 8:49am
watching the 320 level for a NSH
  • #29,649
  • Jun 30, 2017 8:59am Jun 30, 2017 8:59am
anyone taken a position on ym yet?
  • #29,650
  • Jun 30, 2017 9:03am Jun 30, 2017 9:03am
Quoting johny8984
anyone taken a position on ym yet?
no it corrected 100% so im gonna wait and see what it does
you ?
  • #29,651
  • Jun 30, 2017 9:06am Jun 30, 2017 9:06am
Quoting civo
{quote} no it corrected 100% so im gonna wait and see what it does you ?
no postions yet but the recent new structure high is at the 61%fib level of yesterdays down move so could be a significant turning point
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-17 (233 Tick) 2017_06_26.png Size: 88 KB
  • #29,652
  • Jun 30, 2017 9:10am Jun 30, 2017 9:10am
Quoting johny8984
{quote} no postions yet but the recent new structure high is at the 61%fib level of yesterdays down move so could be a significant turning point {image}
it was as it seems IMHO it made a NSL so im waiting for a correction and then for a new NSL
  • #29,653
  • Jun 30, 2017 9:12am Jun 30, 2017 9:12am
Quoting johny8984
{quote} no postions yet but the recent new structure high is at the 61%fib level of yesterdays down move so could be a significant turning point {image}
I think so too. Important structure area and 61.8.
I went short at 21328 at break of immediate expectation.
But I realized I was trading a correction again and I exited, when price got back to 21328.
Now I regret that
  • #29,654
  • Jun 30, 2017 9:16am Jun 30, 2017 9:16am
Still waiting for a better RR before going short
  • #29,655
  • Jun 30, 2017 9:22am Jun 30, 2017 9:22am
21325 to go short?
  • #29,656
  • Jun 30, 2017 9:23am Jun 30, 2017 9:23am
Quoting PeterT
21325 to go short?
thats my area im looking at
  • #29,657
  • Jun 30, 2017 9:24am Jun 30, 2017 9:24am
Quoting PeterT
21325 to go short?
yeah 320 - 325
  • #29,658
  • Jun 30, 2017 9:26am Jun 30, 2017 9:26am
I'm in. A bit early possibly..
  • #29,659
  • Jun 30, 2017 9:28am Jun 30, 2017 9:28am
Quoting PeterT
I'm in. A bit early possibly..
Waiting for the rotation candle
  • #29,660
  • Jun 30, 2017 9:30am Jun 30, 2017 9:30am
Quoting civo
{quote} Waiting for the rotation candle
You might get a better one :-)
8 traders viewing now