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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

  • #31,741
  • Sep 25, 2017 10:17am Sep 25, 2017 10:17am
Quoting evocpr19
{quote} Congrats. Theoretical question: there any other limitation on lot size beside the margin requirements? Could you trade like 200 lots (if the account is big enough)
Yes you may if your account can handle it.
If you fail to plan, you plan to fail.
  • #31,742
  • Sep 25, 2017 10:22am Sep 25, 2017 10:22am
If there are no more pressing questions, I think I will come back tomorrow and try it again. I'll hang out for a few more minutes just in case there are questions or comments.
If you fail to plan, you plan to fail.
  • #31,743
  • Sep 25, 2017 10:23am Sep 25, 2017 10:23am
Quoting Mr. Pip
If there are no more pressing questions, I think I will come back tomorrow and try it again. I'll hang out for a few more minutes just in case there are questions or comments.
See you tmrw Mr Pip and thanks for being around today.
  • #31,744
  • Sep 25, 2017 11:07am Sep 25, 2017 11:07am
Talk to you guys tomorrow.
If you fail to plan, you plan to fail.
  • #31,745
  • Sep 25, 2017 11:42am Sep 25, 2017 11:42am
Quoting evocpr19
{quote} Congrats. Theoretical question: there any other limitation on lot size beside the margin requirements? Could you trade like 200 lots (if the account is big enough)
Just to give you an order of magnitude of what you can expect. a 200 Lots would have slippage on YM. Here is the number of lots traded at around 10:25 EDT.

Attached Image
  • #31,746
  • Sep 25, 2017 12:42pm Sep 25, 2017 12:42pm
Quoting Mr. Pip
{quote} Your structure high had not been tested yet that was 309 if I'm not mistaken.
OK, thank you, structure high, not highlighted area of structure, got it!

Coming up, I will have a good bit more time to practice live.

I'll figure out how to post screenshots asap also.
Wow! I've got some experience to gain.
  • #31,747
  • Sep 25, 2017 1:10pm Sep 25, 2017 1:10pm
Quoting crixus
{quote} Just to give you an order of magnitude of what you can expect. a 200 Lots would have slippage on YM. Here is the number of lots traded at around 10:25 EDT. {image}
Thank you Crixus fo showing. It was more a theoretical question.

Do you have good results with this type of trading (do not remember the name of it)?
  • #31,748
  • Sep 25, 2017 1:19pm Sep 25, 2017 1:19pm
Quoting evocpr19
{quote} Thank you Crixus fo showing. It was more a theoretical question. Do you have good results with this type of trading (do not remember the name of it)?
There will always be slippages in trading but when you get up there in contract you have to plan you entries in blocks. The entries get averaged in.
If you fail to plan, you plan to fail.
  • #31,749
  • Sep 25, 2017 1:27pm Sep 25, 2017 1:27pm
I've had 2 contract fills both at different prices. I can only imagine when the blocks get big.
  • #31,750
  • Sep 25, 2017 3:48pm Sep 25, 2017 3:48pm
Quoting Mr. Pip
Take profit reached on the longer term and the trail got me out on the short one. 82 points on the longer term and 90 on the shorted term amazing trades. $23,400 not bad for 1.5 hours of work.
Nice trading Mr. Pip. You always make it look so easy!
Damn The Torpedoes, Full Speed Ahead!
  • #31,751
  • Sep 25, 2017 3:53pm Sep 25, 2017 3:53pm
Quoting DizzleFX
{quote} Nice trading Mr. Pip. You always make it look so easy!
Beginners luck.
If you fail to plan, you plan to fail.
  • #31,752
  • Sep 25, 2017 5:35pm Sep 25, 2017 5:35pm
Quoting Mr. Pip
{quote} GM Traders, An exciting week of trading and the live stream on Friday can't wait myself I really enjoy the live streams. I don't advocate doing top down analysis as this often leads to information that is not comparable. What I mean by this is that the order flow on the higher time frames are completely different and not relevant to each other for the most part. It does not matter what time interval or tick interval you choose. Choose one you can keep up with and compliments your personality and master the chart reading. That is all you...
Would it be possible to live stream on FX market for the change?
  • #31,753
  • Edited 8:42pm Sep 25, 2017 7:05pm | Edited 8:42pm
Quoting cititon
{quote} Would it be possible to live stream on FX market for the change?
A chart is a chart my friend. I also no longer have an FX account.
If you fail to plan, you plan to fail.
  • #31,754
  • Sep 26, 2017 2:23am Sep 26, 2017 2:23am
https://www.youtube.com/watch?v=eM2IXmfFWEM
  • #31,755
  • Sep 26, 2017 2:58am Sep 26, 2017 2:58am
USDJPY Analysis

Intraday: NSL

- Price had a beautiful drop yesterday (77 pips)
- Price made a NSL at 1615 GMT yesterday and has been correcting since then

Expectation: Would like price to correct deeper. Will see what the bulls do. So far the bulls have protected the blue structure quite well.

Longterm: NSH

- Market is overall bullish
- 2 large harmonics on the bearish side. Price did have a great run last week so could still be in correction mode. Going with intraday expectations
Attached Image(s) (click to enlarge)
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  • #31,756
  • Sep 26, 2017 4:12am Sep 26, 2017 4:12am
https://www.youtube.com/watch?v=kquBS_VpRZ4&t=364s
  • #31,757
  • Sep 26, 2017 8:30am Sep 26, 2017 8:30am
GM Traders, I've been getting lots of PM and emails that there is still some confusion between order flow and how to not get mixed up between the short and the trading order flow. So this will be something that we will continue to highlight in the live stream, There has also been some resurfacing questions about Support and Resistance zones and how much value they hold so I will do a refresher on this as well.

I'm trying to put the lesson plan together so if there is anything else we need to revisit or discuss further let me know so I can make the time. as always you can ask it live and I will answer it with live examples. There is amazing value when it is live as there is no way to hide behind a cherry picked chart. For those of you that have not had the opportunity to join a live stream. It is real trading on a live account with real time trades and real time Q&A. All for free and it last for my whole trading session.

Lets get everyone there and take part of something that no one does on the net. The event is Friday the 29 of September. 0900 EST
If you fail to plan, you plan to fail.
  • #31,758
  • Sep 26, 2017 8:40am Sep 26, 2017 8:40am
The market is at the moment on heavy buying and the expectation is for a NSH so lets see if we can find a nicely priced long.
If you fail to plan, you plan to fail.
  • #31,759
  • Sep 26, 2017 8:56am Sep 26, 2017 8:56am
I did not get long, I did not like the RR
Attached Image (click to enlarge)
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If you fail to plan, you plan to fail.
  • #31,760
  • Sep 26, 2017 8:56am Sep 26, 2017 8:56am
Got my points with NQ (+3,75)
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