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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

  • #31,321
  • Aug 31, 2017 8:13am Aug 31, 2017 8:13am
Quoting RajD
Long at 110.568 Stop loss at 110.265
USDJPY Update

- Price made a weak NSH and is at its deep correction i.e. 78.6 Fib. Opportunity to go long
  • #31,322
  • Aug 31, 2017 8:33am Aug 31, 2017 8:33am
Quoting PeterT
USDJPY Went short at 110.61 Reason: intraday ABCD pattern completion, second leg extremely weak Overall bulls losing strength, less projection, more depth, impulse weak Last NSH was very weak edit: forgot to mention: pattern completion was also at 88.6% correction of longer term swing Risk is small, SL just above last NSH Profit target in 110.15 region (61.8% correction of AD of pattern) We'll see how it plays out..
Set stop to BE+2 at 38.2% retrace of AD.
  • #31,323
  • Aug 31, 2017 8:38am Aug 31, 2017 8:38am
Quoting PeterT
{quote} You too although it can't be both
Your analysis was spot on...i see where i went wrong. Good job
  • #31,324
  • Aug 31, 2017 8:40am Aug 31, 2017 8:40am
Good morning Traders, How is everyone doing?
If you fail to plan, you plan to fail.
  • #31,325
  • Aug 31, 2017 8:43am Aug 31, 2017 8:43am
Quoting Mr. Pip
Good morning Traders, How is everyone doing?
I am contemplating the YM chart and I am admiring the strength of the bulls.
  • #31,326
  • Aug 31, 2017 8:45am Aug 31, 2017 8:45am
Quoting evocpr19
{quote} I am contemplating the YM chart and I am admiring the strength of the bulls.
Looking for longs around 48-50
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-17 (144 Tick) 2017_08_31.png Size: 52 KB
If you fail to plan, you plan to fail.
  • #31,327
  • Aug 31, 2017 8:54am Aug 31, 2017 8:54am
Quoting Mr. Pip
Good morning Traders, How is everyone doing?
good morning every one, YM is that the dow?
  • #31,328
  • Aug 31, 2017 8:55am Aug 31, 2017 8:55am
Quoting dogdays713
{quote} good morning every one, YM is that the dow?
Yes Emini Futures
If you fail to plan, you plan to fail.
  • #31,329
  • Aug 31, 2017 8:56am Aug 31, 2017 8:56am
I did not get long the bears picked up some juice the bulls are up against the fence
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-17 (144 Tick) 2017_08_31.png Size: 45 KB
If you fail to plan, you plan to fail.
  • #31,330
  • Aug 31, 2017 8:56am Aug 31, 2017 8:56am
Quoting Mr. Pip
{quote} Looking for longs around 48-50 {image}
PA not inviting to go long
  • #31,331
  • Aug 31, 2017 8:56am Aug 31, 2017 8:56am
Quoting PeterT
USDJPY Went short at 110.61 Reason: intraday ABCD pattern completion, second leg extremely weak Overall bulls losing strength, less projection, more depth, impulse weak Last NSH was very weak edit: forgot to mention: pattern completion was also at 88.6% correction of longer term swing Risk is small, SL just above last NSH Profit target in 110.15 region (61.8% correction of AD of pattern) We'll see how it plays out..
Nice Entry point
  • #31,332
  • Aug 31, 2017 9:01am Aug 31, 2017 9:01am
I went short on the rotation on immediate structure but got a horrible fill in at 947 Only with 2 contract since I forgot to change my setup from the live stream
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-17 (144 Tick) 2017_08_31.png Size: 59 KB
If you fail to plan, you plan to fail.
  • #31,333
  • Aug 31, 2017 9:02am Aug 31, 2017 9:02am
This one can go against me since I have one foot out of my trade plan and another inside of it.
If you fail to plan, you plan to fail.
  • #31,334
  • Aug 31, 2017 9:05am Aug 31, 2017 9:05am
The issue is however weak the expectation is, it is still for a NSH and I am against that. I traded on the immediate since strength was coming in on the bear side but trade against the expectation and you are the gambler and so I just got taken out.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-17 (144 Tick) 2017_08_31.png Size: 55 KB
If you fail to plan, you plan to fail.
  • #31,335
  • Aug 31, 2017 9:07am Aug 31, 2017 9:07am
That was a stupid trade. Even I have stupid trades. Smack myself with my trade plan and move to the next one.
If you fail to plan, you plan to fail.
  • #31,336
  • Aug 31, 2017 9:10am Aug 31, 2017 9:10am
Quoting Mr. Pip
That was a stupid trade. Even I have stupid trades. Smack myself with my trade plan and move to the next one.
I did not take this short, because I want first a deep correction. Then I saw how price went again up, I decided to skip.
  • #31,337
  • Aug 31, 2017 9:11am Aug 31, 2017 9:11am
The expectation is the expectation we have to give it the benefit of the doubt 70% is no joke! I had a 70%+ chance of losing that trade before I even got into it how stupid is that? Think about this comment before going against an expectation.
If you fail to plan, you plan to fail.
  • #31,338
  • Aug 31, 2017 9:12am Aug 31, 2017 9:12am
Quoting evocpr19
{quote} I did not take this short, because I want first a deep correction. Then I saw how price went again up, I decided to skip.
You were smarter then me.
If you fail to plan, you plan to fail.
  • #31,339
  • Aug 31, 2017 9:18am Aug 31, 2017 9:18am
Quoting Mr. Pip
{quote} You were smarter then me.
To do nothing does not bring money, but at least it does not cost anything.
  • #31,340
  • Aug 31, 2017 9:19am Aug 31, 2017 9:19am
Expect a retrace to 50% or 61% for a buy on YM
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