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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

  • #30,981
  • Aug 16, 2017 10:17am Aug 16, 2017 10:17am
Quoting evocpr19
{quote} I tried to short YM. Results +1; +8; +2. Now I stop for today.
Green is green. Nice job
  • #30,982
  • Aug 16, 2017 10:24am Aug 16, 2017 10:24am
Quoting Lundies10
{quote} Green is green. Nice job
Yup. Agreed, green is always good. Nice work evocpr!
  • #30,983
  • Aug 16, 2017 12:35pm Aug 16, 2017 12:35pm
Ok found an entry after watching for 3 hours. I'll admit I was getting a bit anxious just waiting and I was ready for action. The expectation changed to the downside with the leg from 066 to 032 so I was looking for a short. I expected a deep correction after an expectation shift. I did not like the strength of the bulls as they made a 100% correction but risk was very low so I entered when I saw a rotation bar. The very next bar scared the crap out of me. All I was looking for 10 pips since that was my risk. Ended up with +46 . Done for today, happy trading everyone.

EDIT: I thought about getting out as soon as the trade hit 10 pips so I could match my risk and take something from the market. I ended up moving my stop to BE at the first structure (049), then using the 38.2 fib trailing method. Worked out very well.
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  • #30,984
  • Edited 2:20pm Aug 16, 2017 2:09pm | Edited 2:20pm
Expectation is a new structure low. Confluence with a one-to-one (fell a little short), as well as a short-term one-to-one. In area of short-term structure and long-term structure. Breakdown in price. Waiting for rotation.

Looks OK?

I`m short now @ 22008.

Edit: Price is now finding som support on the round number (22000) as it has done quite a few times already.

Attachment G
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  • #30,985
  • Aug 17, 2017 8:53am Aug 17, 2017 8:53am
GM Traders,

What's going on? I hear crickets lately.
If you fail to plan, you plan to fail.
  • #30,986
  • Aug 17, 2017 8:58am Aug 17, 2017 8:58am
Quoting Mr. Pip
GM Traders, What's going on? I hear crickets lately.
Waiting for an opportunity to enter
  • #30,987
  • Aug 17, 2017 9:01am Aug 17, 2017 9:01am
Quoting Mr. Pip
GM Traders, What's going on? I hear crickets lately.
  • #30,988
  • Aug 17, 2017 9:11am Aug 17, 2017 9:11am
Haven't seen much good lately.

Also, I can't really post accurate chart screenshots right now. I haven't paid for NT8 yet so I don't have chart trader and I hate the trade mechanism without it. I have been chart watching and logging trades to excel right now. I guess I could draw my entries manually on the charts.

I have a live account ready to go and paying for data feed. Waiting to go live probably til September. My expectancy is currently positive. At least over the past 3 weeks.
  • #30,989
  • Aug 17, 2017 9:19am Aug 17, 2017 9:19am
Short from 895
If you fail to plan, you plan to fail.
  • #30,990
  • Aug 17, 2017 9:21am Aug 17, 2017 9:21am
BE
If you fail to plan, you plan to fail.
  • #30,991
  • Aug 17, 2017 9:21am Aug 17, 2017 9:21am
Projection of the last swing was so good that I failed to bear in mind that the correction would be shallower.
  • #30,992
  • Aug 17, 2017 9:26am Aug 17, 2017 9:26am
Out at +12
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If you fail to plan, you plan to fail.
  • #30,993
  • Aug 17, 2017 9:29am Aug 17, 2017 9:29am
Quoting Mr. Pip
Out at +12 {image}
Nice .. I have to take notes on managing... I got BE+2
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  • #30,994
  • Aug 17, 2017 9:32am Aug 17, 2017 9:32am
Quoting Mr. Pip
Out at +12 {image}
Very nice!
  • #30,995
  • Aug 17, 2017 9:37am Aug 17, 2017 9:37am
Quoting x3m-PippiN
{quote} Nice .. I have to take notes on managing... I got BE+2 {image}
I broke my rules, should have been a BE for me as well but there was good longer term structure there and I felt the buyers would try to come in harder there. Looks like I was right but should have also followed my rules. Sometimes this becomes a problem we break rules and we end up with a better outcome then if we had followed the rules and is becomes justification to do it again. Slippery slopes!
If you fail to plan, you plan to fail.
  • #30,996
  • Aug 17, 2017 10:13am Aug 17, 2017 10:13am
+14 on NQ
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  • #30,997
  • Aug 17, 2017 10:18am Aug 17, 2017 10:18am
Sorry ive read the first post and jumped straight to the end here, maybe this question has already been answered. How do you guys confirm your harmonics i cant seem to find anything on this? id be most greatful if anyone has any techniques that they use to do this.

Kindest regards
Neil Uddin
  • #30,998
  • Aug 17, 2017 10:20am Aug 17, 2017 10:20am
Quoting Neil0163
Sorry ive read the first post and jumped straight to the end here, maybe this question has already been answered. How do you guys confirm your harmonics i cant seem to find anything on this? id be most greatful if anyone has any techniques that they use to do this. Kindest regards Neil Uddin
It is hard to summarise this in one line. If you have for example increased momentum in the candles, it is not a good sign that the end of your harmonic move will stop and retrace. It is more likely that it will go beyond.

Moreover, in the overall chart: you have to look for the momentum, projection and depth of the harmonics legs. Is it increasing => look for an "cheap entry" and .go with this trend.
Please have a look to the videos of Mr. Pip.

PS: Maybe someone else can resume it better. I am still on vacation and I have drunk. Sorry.
  • #30,999
  • Aug 17, 2017 10:32am Aug 17, 2017 10:32am
Quoting evocpr19
{quote} It is hard to summarise this in one line. If you have for example increased momentum in the candles, it is not a good sign that the end of your harmonic move will stop and retrace. It is more likely that it will go beyond. Moreover, in the overall chart: you have to look for the momentum, projection and depth of the harmonics legs. Is it increasing => look for an "cheap entry" and .go with this trend. Please have a look to the videos of Mr. Pip. PS: Maybe someone else can resume it better. I am still on vacation and I have drunk. Sorry.
  • #31,000
  • Aug 17, 2017 10:36am Aug 17, 2017 10:36am
Quoting Milfortra
{quote}
I am in South of France in Valbonne, so it is afternoon (I do not drink in the morning).
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