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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

  • #30,221
  • Jul 11, 2017 4:28am Jul 11, 2017 4:28am
Quoting PeterT
USDJPY long Intraday expectation is a NSH. The shorter term produced a weak NSH and a deep pullback, leading to short term expectaion failure. {image}
Woow... Starting to believe that i have so far learnt something.....
In the same trade... Expectation is NSH...
We need to scare off the bears
Good morning Peter
  • #30,222
  • Jul 11, 2017 4:35am Jul 11, 2017 4:35am
Quoting PeterT
USDJPY long Intraday expectation is a NSH. The shorter term produced a weak NSH and a deep pullback, leading to short term expectaion failure. Drew my AOI at structure and 61.8 correction. Price reached AOI, tested few times. After rejection of the last test a rotation candle. I entered long but knew I might be in early and I'm already at the level of 38.2. So entered with half the normal position. If price corrects deeper into my second AOI I might add the other half. SL below swing we're correcting from. {image}
great observation PeterT...and my analysis is spot on similar to yours, however, the london market opened with the bears trying to push lower. I'm waiting for price to come back to the 61.8 zone but with weakness bcoz the bears are consuming everything that the bulls are throwing at him...so if i see the weakness in the bears coming to my AOI along with a strong bull candle then that shall be my entry. Also the 78.6 zone could be met as there is structure to the left
  • #30,223
  • Jul 11, 2017 4:39am Jul 11, 2017 4:39am
Quoting KensTrader
{quote} Woow... Starting to believe that i have so far learnt something..... In the same trade... Expectation is NSH... We need to scare off the bears Good morning Peter
Good morning KensTrader! Let's hope we are right then
  • #30,224
  • Jul 11, 2017 4:42am Jul 11, 2017 4:42am
Quoting RajD
{quote} great observation PeterT...and my analysis is spot on similar to yours, however, the london market opened with the bears trying to push lower. I'm waiting for price to come back to the 61.8 zone but with weakness bcoz the bears are consuming everything that the bulls are throwing at him...so if i see the weakness in the bears coming to my AOI along with a strong bull candle then that shall be my entry. Also the 78.6 zone could be met as there is structure to the left
Hey RajD yes we might be on for a retest of the zone or even a deeper correction.
As long as price doesn't hit my SL I'm ok with it
  • #30,225
  • Jul 11, 2017 8:51am Jul 11, 2017 8:51am
Wanted to short YM at open around 360, but seems to have support in 345 to 350 area. Sideline for now.

Yesterday I would have taken the trade, but after watching a livestream from a year ago, I see where the mistake would have been.
  • #30,226
  • Jul 11, 2017 8:53am Jul 11, 2017 8:53am
Seems like a watching day for me so far
  • #30,227
  • Jul 11, 2017 8:53am Jul 11, 2017 8:53am
Hello guys.
Looking at YM and NQ while my USDJPY trade is sleeping.
This is what I see:
YM intraday we are in some sort of complex corrective process? shorter term expectation is NSL. Bears seems to be accumulating a little bit?
NQ intraday NSH expectation and shorter term just broke expectation and produced a NSH. Waiting for correction to go long?
  • #30,228
  • Jul 11, 2017 8:56am Jul 11, 2017 8:56am
Quoting PeterT
Hello guys. Looking at YM and NQ while my USDJPY trade is sleeping. This is what I see: YM intraday we are in some sort of complex corrective process? shorter term expectation is NSL. Bears seems to be accumulating a little bit? NQ intraday NSH expectation and shorter term just broke expectation and produced a NSH. Waiting for correction to go long?
NQ: It's actually the immediate that made a NSH. Short term corrected to 78.6 now. No NSH there yet. Bulls look strong..
  • #30,229
  • Jul 11, 2017 9:00am Jul 11, 2017 9:00am
Quoting Aluunatic
Seems like a watching day for me so far
I watch with you.
  • #30,230
  • Jul 11, 2017 9:01am Jul 11, 2017 9:01am
Shorted NQ

edit: and out with a -24 - time to take a break
Attached Image (click to enlarge)
Click to Enlarge Name: NQ 09-17 (377 Tick) 2017_07_11.png Size: 97 KB
  • #30,231
  • Jul 11, 2017 9:35am Jul 11, 2017 9:35am
im watching the short term order flow.
let see if we can get a nice correction with a rotation to the upside.
Attached Image (click to enlarge)
Click to Enlarge Name: dow5.png Size: 36 KB
  • #30,232
  • Jul 11, 2017 9:39am Jul 11, 2017 9:39am
Pullback to the 38.2 would be a pullback into structure around 21367
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-17 (233 Tick) 2017_07_11.png Size: 48 KB
  • #30,233
  • Jul 11, 2017 10:02am Jul 11, 2017 10:02am
Quoting csternfx
Pullback to the 38.2 would be a pullback into structure around 21367 {image}
Still waiting on an actionable pullback on YM
  • #30,234
  • Jul 11, 2017 10:19am Jul 11, 2017 10:19am
YM Short
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-17 (233 Tick) 2017_07_11.png Size: 96 KB
  • #30,235
  • Jul 11, 2017 10:21am Jul 11, 2017 10:21am
Guess I'm looking for a pullback and a NSL now.
  • #30,236
  • Jul 11, 2017 10:26am Jul 11, 2017 10:26am
YM what a move
  • #30,237
  • Jul 11, 2017 10:28am Jul 11, 2017 10:28am
Quoting Aluunatic
YM Short {image}
nice short
  • #30,238
  • Jul 11, 2017 10:28am Jul 11, 2017 10:28am
Quoting Aluunatic
YM Short {image}
Great
Did you catch the whole move ?
  • #30,239
  • Jul 11, 2017 10:30am Jul 11, 2017 10:30am
Quoting Victor_Lin
{quote} nice short
Hehe thanks got stopped out and took 124 points today

Time to stop for the day

Result:
NQ: -24
YM: +124
Result: +100
Attached Image(s) (click to enlarge)
Click to Enlarge Name: YM 09-17 (233 Tick) 2017_07_11.png Size: 98 KB
Click to Enlarge Name: NQ 09-17 (377 Tick) 2017_07_11.png Size: 97 KB
  • #30,240
  • Jul 11, 2017 10:31am Jul 11, 2017 10:31am
Quoting civo
{quote} Great Did you catch the whole move ?
Yup caught 124 out of the 148 points
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