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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

  • #29,761
  • Jul 4, 2017 12:02pm Jul 4, 2017 12:02pm
Quoting PeterT
{quote} I was also thinking about something like that. But I'm afraid Mr. Pip's thread would be very quiet then. The daily discussions is what's keeping the thread alive and kicking is it not? EDIT: I wish to withdraw my comment, or add to it. Because on the other hand, I remember when I started reading this thread, that I thought there was a lot of useless conversation, like this one . Maybe it is a good idea to concentrate on education on the thread and leave the chatting in another place. Maybe we should ask Mr. Pip's...
This type of discussion was already in the past. Mr. Pip prefered it to have it on the thread.

PS: I cannot join, since I am trading at NY open with a mobile phone connection (at the time, I am not at home).
  • #29,762
  • Jul 4, 2017 12:25pm Jul 4, 2017 12:25pm
Very slow day today. I hate bank holidays.
Tried to scalp a ranging GBPJPY.
Had a little bit of profit until one small whipsaw took everything away and left me with -10 pips.
After that I called it a day.
  • #29,763
  • Jul 4, 2017 9:42pm Jul 4, 2017 9:42pm
Quoting PeterT
{quote} Congrats on the good start Good luck in your future trades
Thanks Peter and Johny i sure hope i can keep doing it and hopefully everyday is as profitable as the first.
  • #29,764
  • Jul 5, 2017 4:48am Jul 5, 2017 4:48am
first trade of the day on cl

-19 points

EDIT: for those that are fairly observant you may have noticed that i have moved from a 618 tick to a 233 felt like a more zoomed in look at the market if i stick to the new tick size is yet to be confirmed
Attached Image (click to enlarge)
Click to Enlarge Name: CL 08-17 (233 Tick) 2017_07_05.png Size: 67 KB
  • #29,765
  • Jul 5, 2017 5:11am Jul 5, 2017 5:11am
Quoting johny8984
first trade of the day on cl -19 points EDIT: for those that are fairly observant you may have noticed that i have moved from a 618 tick to a 233 felt like a more zoomed in look at the market if i stick to the new tick size is yet to be confirmed {image}
Do you have an idea of what happened and why it went wrong?
  • #29,766
  • Jul 5, 2017 5:16am Jul 5, 2017 5:16am
Quoting PeterT
{quote} Do you have an idea of what happened and why it went wrong?
thinking just expectation failure had structure was at 50% fib right it my aoi

please feel free to mention anything i may have missed i always appreciate any feedback to see opposing arguments
  • #29,767
  • Jul 5, 2017 5:26am Jul 5, 2017 5:26am
Quoting johny8984
{quote} thinking just expectation failure had structure was at 50% fib right it my aoi please feel free to mention anything i may have missed i always appreciate any feedback to see opposing arguments

I don't see anything wrong with the entry.
Just expectation failure on smaller orderflow.
The clear larger swing expectaion is still intact, although almost 100% correction.

The bounce up at 46.13 was in the 78.6% correction zone of a clear swing on the 30M timeframe.
Other than that I don't see any reason.
  • #29,768
  • Jul 5, 2017 5:36am Jul 5, 2017 5:36am
2nd trade on cl

-15 chart below (bit of a mess still working with it
Attached Image (click to enlarge)
Click to Enlarge Name: CL 08-17 (233 Tick) 2017_07_05.png Size: 145 KB
  • #29,769
  • Jul 5, 2017 5:46am Jul 5, 2017 5:46am
USDJPY short
Expectation failure
Price made a very weak NSL, followed by a deep correction.
Rotation candle at 78.6%
There was a 1:1 completion (yellow lines) with weaker second leg.
So a deeper correction seems possible.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 152 KB
  • #29,770
  • Jul 5, 2017 5:57am Jul 5, 2017 5:57am
Quoting PeterT
USDJPY short Expectation failure Price made a very weak NSL, followed by a deep correction. Rotation candle at 78.6% There was a 1:1 completion (yellow lines) with weaker second leg. So a deeper correction seems possible. {image}
Bears struggling to take price down..... Was waiting for price to get to 113.43 and go long
  • #29,771
  • Jul 5, 2017 6:08am Jul 5, 2017 6:08am
its been a bit of a grim day so far

might be trading with over confidence from last week getting a butt whooping so far today



3 for 3 on cl losses

its only 44 ticks so easy recovery is possible
Attached Image (click to enlarge)
Click to Enlarge Name: CL 08-17 (233 Tick) 2017_07_05.png Size: 129 KB
  • #29,772
  • Jul 5, 2017 6:09am Jul 5, 2017 6:09am
Quoting KensTrader
{quote} Bears struggling to take price down..... Was waiting for price to get to 113.43 and go long
Yeah not a good continuation downwards..
  • #29,773
  • Jul 5, 2017 6:10am Jul 5, 2017 6:10am
did also take a trade on 6j for a scratch
Attached Image (click to enlarge)
Click to Enlarge Name: 6J 09-17 (144 Tick) 2017_07_05.png Size: 73 KB
  • #29,774
  • Jul 5, 2017 6:18am Jul 5, 2017 6:18am
Quoting johny8984
its been a bit of a grim day so far might be trading with over confidence from last week getting a butt whooping so far today 3 for 3 on cl losses its only 44 ticks so easy recovery is possible {image}
That sucks.
You are showing too many emoticons, take a deep breath
  • #29,775
  • Jul 5, 2017 6:22am Jul 5, 2017 6:22am
Quoting PeterT
{quote} That sucks. You are showing too many emoticons, take a deep breath
lol maybe but reality is im still fairly chilled out got some music on now and looking for the next trade im -44 ticks for the day so can still recover in a single trade and if not then there is always tomorrow markets not going any where
  • #29,776
  • Jul 5, 2017 6:28am Jul 5, 2017 6:28am
everyone ready for open of ym then
  • #29,777
  • Jul 5, 2017 6:28am Jul 5, 2017 6:28am
hello all
ready for a new trading day
YM is trading sideways let see what happen when the market opens.
  • #29,778
  • Jul 5, 2017 6:30am Jul 5, 2017 6:30am
Quoting johny8984
{quote} lol maybe but reality is im still fairly chilled out got some music on now and looking for the next trade im -44 ticks for the day so can still recover in a single trade and if not then there is always tomorrow markets not going any where
Sorry to hear about your loss. Let's see if we can catch something on YM today.
  • #29,779
  • Jul 5, 2017 6:31am Jul 5, 2017 6:31am
Quoting Milfortra
{quote} Sorry to hear about your loss. Let's see if we can catch something on YM today.
cant win them all
  • #29,780
  • Jul 5, 2017 6:31am Jul 5, 2017 6:31am
Quoting civo
hello all ready for a new trading day YM is trading sideways let see what happen when the market opens.
Yup. Giving it some time to see what PA tells us.
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