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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

  • #31,761
  • Sep 26, 2017 8:59am Sep 26, 2017 8:59am
This is where i'm looking for long
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  • #31,762
  • Sep 26, 2017 9:09am Sep 26, 2017 9:09am
I have the same are identified. Buyers look like shit right now. This area could sell off good this is where I got short yesterday for the nice run.
If you fail to plan, you plan to fail.
  • #31,763
  • Sep 26, 2017 9:11am Sep 26, 2017 9:11am
Let me be clear that does not mean that I am in the market for a short.
If you fail to plan, you plan to fail.
  • #31,764
  • Sep 26, 2017 9:14am Sep 26, 2017 9:14am
Quoting Mr. Pip
Let me be clear that does not mean that I am in the market for a short.
Expectation is still for a NSH but the momentum of the bulls are looking very doubtful. I am still waiting for more clues to build my case for a trade.
  • #31,765
  • Sep 26, 2017 9:15am Sep 26, 2017 9:15am
Quoting Mr. Pip
I did not get long, I did not like the RR {image}
Bulls might be looking to complete that third harmonic

Or price might break down for that short as you expected. bulls look weak near the structure
  • #31,766
  • Sep 26, 2017 9:21am Sep 26, 2017 9:21am
Quoting Milfortra
{quote} Expectation is still for a NSH but the momentum of the bulls are looking very doubtful. I am still waiting for more clues to build my case for a trade.
The issue is that this area has good structure and a very nice sell off yesterday. The expectation is the expectation and can't go against that.
If you fail to plan, you plan to fail.
  • #31,767
  • Sep 26, 2017 9:25am Sep 26, 2017 9:25am
Harmonic exhaustion lies at around 329 -350
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If you fail to plan, you plan to fail.
  • #31,768
  • Sep 26, 2017 9:26am Sep 26, 2017 9:26am
I also got short on the longer term. We should expect a deep correction.
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If you fail to plan, you plan to fail.
  • #31,769
  • Sep 26, 2017 9:27am Sep 26, 2017 9:27am
Quoting Mr. Pip
{quote} The issue is that this area has good structure and a very nice sell off yesterday. The expectation is the expectation and can't go against that.
Yes. I have learnt to stick to this rule all the time : The expectation is the expectation and never trade against it unless it fails!
  • #31,770
  • Sep 26, 2017 9:27am Sep 26, 2017 9:27am
I want to remind you all of the live stream on Friday. I want to see everyone there.
If you fail to plan, you plan to fail.
  • #31,771
  • Sep 26, 2017 9:28am Sep 26, 2017 9:28am
Quoting Mr. Pip
Harmonic exhaustion lies at around 329 -350 {image}
Price breaking down. It's a short. It is confirmed when it breaks the 50 fib that you drew
  • #31,772
  • Sep 26, 2017 9:29am Sep 26, 2017 9:29am
Quoting Milfortra
{quote} Yes. I have learnt to stick to this rule all the time : The expectation is the expectation and never trade against it unless it fails!
Going against that puts you at a 70% disadvantage and you are the gambler.
If you fail to plan, you plan to fail.
  • #31,773
  • Sep 26, 2017 9:30am Sep 26, 2017 9:30am
Quoting RajD
{quote} Price breaking down. It's a short. It is confirmed when it breaks the 50 fib that you drew
282 for me that is the main swing
If you fail to plan, you plan to fail.
  • #31,774
  • Sep 26, 2017 9:32am Sep 26, 2017 9:32am
An update on the longer term short BE is the 38.2%
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If you fail to plan, you plan to fail.
  • #31,775
  • Sep 26, 2017 9:36am Sep 26, 2017 9:36am
P/L Update
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If you fail to plan, you plan to fail.
  • #31,776
  • Sep 26, 2017 9:46am Sep 26, 2017 9:46am
As I mentioned earlier I would like to see a break of 382 however I do expect the buyers to defend this area and I would consider a short near the highs in the area of interest if the bulls look like shit which they do right now.
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If you fail to plan, you plan to fail.
  • #31,777
  • Sep 26, 2017 9:50am Sep 26, 2017 9:50am
An update
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If you fail to plan, you plan to fail.
  • #31,778
  • Sep 26, 2017 9:54am Sep 26, 2017 9:54am
Quoting Mr. Pip
As I mentioned earlier I would like to see a break of 382 however I do expect the buyers to defend this area and I would consider a short near the highs in the area of interest if the bulls look like shit which they do right now. {image}
Rotation for the correction of the immediate order flow for a NSL came so early at around the 38.2 Fib level! Should have expected it considering the good projection.
  • #31,779
  • Sep 26, 2017 9:56am Sep 26, 2017 9:56am
Are you all enjoying the trades I post or is it kind of boring?
If you fail to plan, you plan to fail.
  • #31,780
  • Sep 26, 2017 9:57am Sep 26, 2017 9:57am
Quoting Milfortra
{quote} Rotation for the correction of the immediate order flow for a NSL came so early at around the 38.2 Fib level! Should have expected it considering the good projection.
I'm looking for a short in the intraday but closer to 300
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If you fail to plan, you plan to fail.
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