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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

  • #32,041
  • Oct 2, 2017 11:58am Oct 2, 2017 11:58am
Stopped out next!
If you fail to plan, you plan to fail.
  • #32,042
  • Oct 2, 2017 11:58am Oct 2, 2017 11:58am
I'll catch you guys on Wednesday
If you fail to plan, you plan to fail.
  • #32,043
  • Oct 2, 2017 6:31pm Oct 2, 2017 6:31pm
Quoting Mr. Pip
I will be more avail on Wednesday. I just have a big flight exam tomorrow. I have a private pilot license and have some requirements to complete.
I wish good luck for your exams!
  • #32,044
  • Oct 2, 2017 7:02pm Oct 2, 2017 7:02pm
Funny things can happen in low liquidity with the micro-contracts. Here's what looks like a fat finger error... going through the playback, someone traded 2 contracts, and instantly lost about 20 pips.

GMCD is micro-cad, CA6 is the full contract.
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  • #32,045
  • Oct 3, 2017 12:40am Oct 3, 2017 12:40am
Quoting ckh626
Funny things can happen in low liquidity with the micro-contracts. Here's what looks like a fat finger error... going through the playback, someone traded 2 contracts, and instantly lost about 20 pips. GMCD is micro-cad, CA6 is the full contract. {image} {image}
If your fund size is less than 10k. It's better to trade spot market rather than micro futures. There are good STP or ECN brokers out there.
  • #32,046
  • Oct 3, 2017 2:22am Oct 3, 2017 2:22am
Quoting Mr. Pip
I will be more avail on Wednesday. I just have a big flight exam tomorrow. I have a private pilot license and have some requirements to complete.
Cool! Good luck!
So a private plane is ALSO one of the possibilities when being a professional trader
  • #32,047
  • Edited 6:14am Oct 3, 2017 5:35am | Edited 6:14am
I'm in the learning process and trying to apply the same methodology Damian uses for the YM to 1H FX. Just using microlots to start off.
This is usdjpy long 1H, target was 1:1, stop was around 112.085 (-45), target was hit pretty quick. Didn't wait for NSH.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy Oct 2 long.png Size: 71 KB
  • #32,048
  • Oct 3, 2017 8:48am Oct 3, 2017 8:48am
Quoting lithium1
{quote} If your fund size is less than 10k. It's better to trade spot market rather than micro futures. There are good STP or ECN brokers out there.
perhaps. i am fine where i am, thank you.
  • #32,049
  • Oct 3, 2017 10:32am Oct 3, 2017 10:32am
Pip,

Just started going through your course. Please advise if this is how you would have marked the chart up?

Attached Image (click to enlarge)
Click to Enlarge Name: nslnslmarkup.png Size: 26 KB
Blessed is the one who takes refuge in Him.
  • #32,050
  • Oct 3, 2017 2:01pm Oct 3, 2017 2:01pm
Quoting reo4ua
Pip, Just started going through your course. Please advise if this is how you would have marked the chart up? {image}
I do not know what you mean with "SH" and "SL".
  • #32,051
  • Oct 3, 2017 2:07pm Oct 3, 2017 2:07pm
Quoting evocpr19
{quote} I do not know what you mean with "SH" and "SL".

See here:
Blessed is the one who takes refuge in Him.
  • #32,052
  • Oct 3, 2017 11:11pm Oct 3, 2017 11:11pm
Just wondering, does the following observation applies to your trading as well?

In shorter timeframes, momentum is extremely important. If price moves up aggressively, meets structure (resistance), then have high probability of breaking structure.

In longer timeframes, however, if price moves up aggressively, meets structure (resistance), then have high probability of retracing.
  • #32,053
  • Oct 4, 2017 1:40am Oct 4, 2017 1:40am
https://www.youtube.com/watch?v=6zfJmn--jJs
  • #32,054
  • Oct 4, 2017 2:46am Oct 4, 2017 2:46am
USDJPY Analysis

Intraday: NSL

- Price made a NSL at 6am GMT
- 2 and a half harmonics completed

Expectation: Bears would be interested in completing that 3rd harmonic. Bulls haven’t been doing much. Will look to see what happens. Too early to make a decision

Longterm: NSH

- Market is overall bullish
- Price has been correcting sideways in the long term and quite deep
- There is a long bear harmonic that the bears might look to achieve before price decides to go with the long term expectancy
- Will go with intraday expectations
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdjpy 041017 5m.JPG Size: 96 KB
Click to Enlarge Name: usdjpy 041017 15m.JPG Size: 108 KB
  • #32,055
  • Oct 4, 2017 8:53am Oct 4, 2017 8:53am
It's quiet in here today. I have been lurking on this thread for quite a while now and I'd like to make a contribution of some sort so let me post a trade I did this morning (my timezone). I will not elaborate on it and let anyone who wants to analyze it see for themselves. It's a very easy to spot short-term trade at 5M timeframe.
Attached Image (click to enlarge)
Click to Enlarge Name: EURJPYmicroM5.png Size: 58 KB
  • #32,056
  • Oct 4, 2017 10:30am Oct 4, 2017 10:30am
Mr. Pip: how went the exams?
  • #32,057
  • Oct 4, 2017 1:42pm Oct 4, 2017 1:42pm
Hello guys, how are you? I was wondering if heikin-ashi may fits good with this strategy, what do you think?
  • #32,058
  • Oct 4, 2017 2:56pm Oct 4, 2017 2:56pm
Quoting evocpr19
Mr. Pip: how went the exams?
It went well thanks got a 87% only missed 9 questions. Tomorrow I will trade with you guys.
If you fail to plan, you plan to fail.
  • #32,059
  • Oct 4, 2017 2:58pm Oct 4, 2017 2:58pm
Quoting Karmel33
Hello guys, how are you? I was wondering if heikin-ashi may fits good with this strategy, what do you think?
Tell me what you know about Heikin-Ashi and what you feel about it?
If you fail to plan, you plan to fail.
  • #32,060
  • Oct 4, 2017 3:11pm Oct 4, 2017 3:11pm
Quoting Mr. Pip
{quote} Tell me what you know about Heikin-Ashi and what you feel about it?
What I know is that Heikin-Ashi chart is composed by "candles" that are calculated in a different way then the classic japanese candlestick. For example the HA close is:
HAClose = (Open + Top High + Lower Low + Close) / 4 of the current candle.

I honestly didn't used it yet in my trades, but this afternoon I tried to apply that to my chart and it looked much clearer to recognize order flow and structure then the classic chart. I think I'm gonna try that during tomorrow session.

Edit: I just don't know if and eventually how can I apply the classic bar by bar analysis to that chart
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