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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

  • #30,941
  • Aug 15, 2017 7:17am Aug 15, 2017 7:17am
+29 on the first trade
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-17 (233 Tick) 2017_08_15.png Size: 63 KB
If you fail to plan, you plan to fail.
  • #30,942
  • Aug 15, 2017 7:20am Aug 15, 2017 7:20am
Quoting Mr. Pip
+29 on the first trade {image}
Took the exact same trade but did not let it run. Was still expecting the medium to longer order flow to rotate to the upside..... out with only +10PIPs
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Click to Enlarge Name: YM 09-17 (233 Tick) 2017_08_15 10.19pm.png Size: 82 KB
  • #30,943
  • Aug 15, 2017 7:31am Aug 15, 2017 7:31am
Quoting Milfortra
{quote} Took the exact same trade but did not let it run. Was still expecting the medium to longer order flow to rotate to the upside..... out with only +10PIPs {image}
I hear you but if you look at the immediate order flow you can see momentum and projection increasing on the bears indicating strengthening on the selling side. This means patience and room must be given to your trade. Get to a breakeven when your rules call for it and trail on the shorter term order flow completion of the ABCD which is what I did.
If you fail to plan, you plan to fail.
  • #30,944
  • Aug 15, 2017 7:35am Aug 15, 2017 7:35am
Forgot to mention look at how weak the defense was on the buying side. This screams out of gas
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Click to Enlarge Name: YM 09-17 (233 Tick) 2017_08_15.png Size: 49 KB
If you fail to plan, you plan to fail.
  • #30,945
  • Aug 15, 2017 7:39am Aug 15, 2017 7:39am
Quoting Mr. Pip
{quote} I hear you but if you look at the immediate order flow you can see momentum and projection increasing on the bears indicating strengthening on the selling side. This means patience and room must be given to your trade. Get to a breakeven when your rules call for it and trail on the shorter term order flow completion of the ABCD which is what I did.
I was looking at the completion of the 1 to 1 for the medium term order flow completion which had the confluence of the 78.6% of the longer term order flow. The immediate order flow had made a NSH and was expecting PA to rotate to the upside at the golden ratio of the immediate order flow which was exactly at my TP.
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Click to Enlarge Name: YM 09-17 (233 Tick) 2017_08_15 9.42pm.png Size: 79 KB
  • #30,946
  • Aug 15, 2017 7:41am Aug 15, 2017 7:41am
Quoting Milfortra
{quote} I was looking at the completion of the 1 to 1 for the medium term order flow completion which had the confluence of the 78.6% of the longer term order flow. The immediate order flow had made a NSH and was expecting PA to rotate to the upside at the golden ratio of the immediate order flow which was exactly at my TP. {image}
I tend to follow the medium to longer term order flow and end up on the wrong side of expectation. I must start to concentrate on trading the immediate to shorter term order flow.
  • #30,947
  • Aug 15, 2017 7:44am Aug 15, 2017 7:44am
Quoting Milfortra
{quote} I tend to follow the medium to longer term order flow and end up on the wrong side of expectation. I must start to concentrate on trading the immediate to shorter term order flow.
It is a great indicator of who is gaining strength and who is losing it. Align yourself with you who is gaining strength
If you fail to plan, you plan to fail.
  • #30,948
  • Aug 15, 2017 7:47am Aug 15, 2017 7:47am
Quoting Mr. Pip
{quote} It is a great indicator of who is gaining strength and who is losing it. Align yourself with you who is gaining strength
Thanks for the reminder Mr Pip. Will take note.
  • #30,949
  • Aug 15, 2017 7:56am Aug 15, 2017 7:56am
Tempted to take a short but I would like a better price around 980
If you fail to plan, you plan to fail.
  • #30,950
  • Aug 15, 2017 7:58am Aug 15, 2017 7:58am
965 was defended by the bulls look at the short term structure blue line.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-17 (233 Tick) 2017_08_15.png Size: 46 KB
If you fail to plan, you plan to fail.
  • #30,951
  • Aug 15, 2017 7:59am Aug 15, 2017 7:59am
Quoting Mr. Pip
Tempted to take a short but I would like a better price around 980
My closest structure is at 983 to 987 with the 78.6%
  • #30,952
  • Aug 15, 2017 8:06am Aug 15, 2017 8:06am
Quoting Milfortra
{quote} My closest structure is at 983 to 987 with the 78.6%
Agree but I would not expect price to get there. Maybe it will but around here is where the bears to say enough and continue to try and push down.
If you fail to plan, you plan to fail.
  • #30,953
  • Aug 15, 2017 8:15am Aug 15, 2017 8:15am
Quoting Mr. Pip
{quote} Agree but I would not expect price to get there. Maybe it will but around here is where the bears to say enough and continue to try and push down.
Ok. Good luck and was nice to have your presence while we traded today. Calling it a day to recharge for another battle tmrw. Take care!
  • #30,954
  • Aug 15, 2017 8:15am Aug 15, 2017 8:15am
Quoting Milfortra
{quote} Ok. Good luck and was nice to have your presence while we traded today. Calling it a day to recharge for another battle tmrw. Take care!
Take care!
If you fail to plan, you plan to fail.
  • #30,955
  • Aug 15, 2017 8:27am Aug 15, 2017 8:27am
Quoting Mr. Pip
Tempted to take a short but I would like a better price around 980
Hi Mr. Pip,
Did you take 2nd short?
  • #30,956
  • Aug 15, 2017 8:31am Aug 15, 2017 8:31am
Quoting Victor_Lin
{quote} Hi Mr. Pip, Did you take 2nd short?
Not yet did not get the rotation but I'm looking at it closely. Bears seem to be non-committed. The buyers are able to defend 965 and that concerns me on the short.
If you fail to plan, you plan to fail.
  • #30,957
  • Aug 15, 2017 8:55am Aug 15, 2017 8:55am
I'll catch you all tomorrow.
If you fail to plan, you plan to fail.
  • #30,958
  • Aug 15, 2017 9:04am Aug 15, 2017 9:04am
Quoting Mr. Pip
I'll catch you all tomorrow.
see you
  • #30,959
  • Aug 15, 2017 9:24am Aug 15, 2017 9:24am
Quoting Mr. Pip
I'll catch you all tomorrow.
See you too tomorrow.
  • #30,960
  • Aug 15, 2017 3:09pm Aug 15, 2017 3:09pm
Quoting Mr. Pip
+29 on the first trade {image}
Nice start after your holidays. I could catch +14 on YM and +2 on NQ.

Do you have any problems to start again trading after a period of break (e.g. 2 weeks)? I see that I need some time to come back into the train after the week-end, which is only a small break. Hence on mondays, I am bit more carefull on my entries.
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