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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

  • #31,841
  • Sep 27, 2017 4:49am Sep 27, 2017 4:49am
Quoting RajD
{quote} Nice trade Your clear swing is from 1.7807 to 1.71410 Draw the harmonic forward and that is where you can potentially put your profit target Also look for the structure to the left to see if the harmonic and structure have confluence so you know that price will end there
Haha thanks mate!

Yea I am already doing that , but thanks for the info!
Currently working with tighter stops and larger T/P..
How has your trading been as of late?
"Luck is when opportunity meets preparation"
  • #31,842
  • Sep 27, 2017 5:59am Sep 27, 2017 5:59am
Quoting Sheeep44
{quote} Haha thanks mate! Yea I am already doing that , but thanks for the info! Currently working with tighter stops and larger T/P.. How has your trading been as of late?
trying to make this a perfect week.
  • #31,843
  • Sep 27, 2017 6:03am Sep 27, 2017 6:03am
Hello everyone,

Here is my view of yesterday swings. Please correct me if i read something wrong.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD (233 Tick).png Size: 55 KB
  • #31,844
  • Edited 7:31am Sep 27, 2017 6:59am | Edited 7:31am
Quoting ltupower
Hello everyone, Here is my view of yesterday swings. Please correct me if i read something wrong. {image}
NSL to NSH at the same swing means complex correction...price would be moving sideways

Expectation however is still a NSH in the intraday

In the long term, it looks like a NSL..check on the 1597 chart to see what the long term expectations are
  • #31,845
  • Sep 27, 2017 7:26am Sep 27, 2017 7:26am
https://www.youtube.com/watch?v=gr0fLPPc6JY&t=2807s
  • #31,846
  • Sep 27, 2017 7:43am Sep 27, 2017 7:43am
Quoting RajD
{quote} NSL to NSH at the same swing means complex correction...price would be moving sideways Expectation however is still a NSH in the intraday In the long term, it looks like a NSL..check on the 1597 chart to see what the long term expectations are
That's my "Achiles heel" how to trade intraday.. Jumping from one time frame to another is confusing me.. But have to learn that
  • #31,847
  • Sep 27, 2017 7:59am Sep 27, 2017 7:59am
Quoting ltupower
{quote} That's my "Achiles heel" how to trade intraday.. Jumping from one time frame to another is confusing me.. But have to learn that
Why you doing that bro?? There is no video done by Mr. Pip where he is jumping from one time frame to another

233 chart intraday and 1597 for long term...thats it

Stick to one chart and follow the plan...no matter even if you have 15 losses in a row..you'll figure it out but you need to stick to your plan
  • #31,848
  • Sep 27, 2017 8:25am Sep 27, 2017 8:25am
Quoting ltupower
{quote} That's my "Achiles heel" how to trade intraday.. Jumping from one time frame to another is confusing me.. But have to learn that
He even said that the only reason for him to use the 1597 tick is because he could see more PA to draw his supply and demand zones better since on a 233 tick chart he could get 2-3 days of historical data only.
He also mentioned before the storm that he was trading the expectations on the 1597 chart because he didn't have time for intraday trading on the 233 tick chart.

But like RajD said ... he never switches between timeframes. He even traded opposite expectations yesterday. He was looking for a long on the 233 tick but at the same time was short on the 1597 tick.

Learn to trade one timeframe. When you've developed an understanding of what is happening and you can distinguish between long, short and immediate orderflow than you can afford to switch a timeframe up/down if the volume is very high/low for that given day. But for 95% of the days stick to your normal timeframe (in this case 233 tick charts)
  • #31,849
  • Sep 27, 2017 8:42am Sep 27, 2017 8:42am
27.09

Ok this is what i had for today:

Trade1 - Was expecting for NSH so after red one ABCD (Yeah not fully completed..) decided to jump in for Long. After RajD comments i know now that NSH it was only a correction of the long term. -24 pips
Trade2 - After green ABCD jump in for a NSL. Was getting good RR, after reached "a" went to BE and start aggressive trailing after 1:1 harmonic of the swing. +24

Please tell me if i miss read chart. Also where i miss entries was trading from 08:00 till 16:00 local saw only these two opportunities.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD (233 Tick) 2017_09_27.png Size: 79 KB
  • #31,850
  • Sep 27, 2017 8:43am Sep 27, 2017 8:43am
GM Traders, A bit late here had to put my son to sleep mom had an early day appointment and I got stuck with the tiny. I was going to comment on the posts and questions but you all have done a fine job taking care of it. there is not much for me to add. In the market for longs today on both longer term and short term. So we will see if I can find some entries.
If you fail to plan, you plan to fail.
  • #31,851
  • Sep 27, 2017 8:44am Sep 27, 2017 8:44am
Remember the live stream on Friday the link will be posted here.
If you fail to plan, you plan to fail.
  • #31,852
  • Sep 27, 2017 8:56am Sep 27, 2017 8:56am
Gigantic rotation however I don't believe it will sell off. I will be patient and look for a long in the area of the green oval.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-17 (1597 Tick) 2017_09_27.png Size: 51 KB
If you fail to plan, you plan to fail.
  • #31,853
  • Sep 27, 2017 8:56am Sep 27, 2017 8:56am
Same general target on 233 for me
  • #31,854
  • Sep 27, 2017 8:59am Sep 27, 2017 8:59am
Quoting csternfx
Same general target on 233 for me
Same area of interest for me on both as well
If you fail to plan, you plan to fail.
  • #31,855
  • Sep 27, 2017 9:03am Sep 27, 2017 9:03am
Not the best RR yet stop need to be below 260 so I don't want to take on risk here let's see if we can get the bears to come to 280 which is also the golden zone and better structure.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-17 (233 Tick) 2017_09_27.png Size: 45 KB
If you fail to plan, you plan to fail.
  • #31,856
  • Sep 27, 2017 9:05am Sep 27, 2017 9:05am
Quoting Mr. Pip
Not the best RR yet stop need to be below 260 so I don't want to take on risk here let's see if we can get the bears to come to 280 which is also the golden zone and better structure. {image}
Had weak structure and only the 38.2% Fib. Waiting for a deeper correction for a long.
  • #31,857
  • Sep 27, 2017 9:10am Sep 27, 2017 9:10am
Quoting Milfortra
{quote} Had weak structure and only the 38.2% Fib. Waiting for a deeper correction for a long.
Damn. PA went through my structure like it was not there. Bears are pretty strong now.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-17 (233 Tick) 2017_09_27 10.09pm.png Size: 80 KB
  • #31,858
  • Sep 27, 2017 9:13am Sep 27, 2017 9:13am
Well the sellers have picked up some strength here in the last 20 min. This was unexpected for me. I still don't feel like a sell off and the bulls must be working on a defense soon.
If you fail to plan, you plan to fail.
  • #31,859
  • Sep 27, 2017 9:22am Sep 27, 2017 9:22am
Traders, I have to step away the adjusters came to review hurricane damage so I'll catch you guys tomorrow.
If you fail to plan, you plan to fail.
  • #31,860
  • Sep 27, 2017 9:22am Sep 27, 2017 9:22am
Quoting Mr. Pip
Well the sellers have picked up some strength here in the last 20 min. This was unexpected for me. I still don't feel like a sell off and the bulls must be working on a defense soon.
Do you not use volume or a footprint chart for an insight into who has the strength etc?
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