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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

  • #32,501
  • Oct 16, 2017 9:04am Oct 16, 2017 9:04am
Bears are trying to put in the effort now a bit better
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If you fail to plan, you plan to fail.
  • #32,502
  • Oct 16, 2017 9:05am Oct 16, 2017 9:05am
I took the chance on the longer term and took the short. I did not like the strength of the bulls but the R/R is worth it
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If you fail to plan, you plan to fail.
  • #32,503
  • Oct 16, 2017 9:09am Oct 16, 2017 9:09am
Update on the trade
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If you fail to plan, you plan to fail.
  • #32,504
  • Oct 16, 2017 9:11am Oct 16, 2017 9:11am
Holding off on the shorter term at the moment. No rotation and price is trying to break structure.
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If you fail to plan, you plan to fail.
  • #32,505
  • Oct 16, 2017 9:12am Oct 16, 2017 9:12am
Quoting ujku80
{quote} Hello Milforta, thx for the nice words. I've too busy with work to keep up with the thread. plus I haven't been doing so great so i thought i'd stay quiet and not mess up here too. Anyway, my first trade today: image below.{image} i wish i had stayed longer . I simply thought market was going to test lows again and so I was hoping to enter at a better price. let's see if i get that chance later today
Well, really hope to see you here more often but I guess you have your priorities. Would be nice to be trading together again and having your views on the PA and OF. Oh and congrates on your trade today!
  • #32,506
  • Oct 16, 2017 9:14am Oct 16, 2017 9:14am
Quoting Mr. Pip
Update on the trade {image}
so, it is you pushing the market down now huh
  • #32,507
  • Oct 16, 2017 9:14am Oct 16, 2017 9:14am
Quoting Mr. Pip
Holding off on the shorter term at the moment. No rotation and price is trying to break structure. {image}
Yup. Me too. Cos it took freaking 3 to 4 candles for the rotation to kick in(I could be wrong). Bulls are weak and it is definately a good sign for your longer term short!
  • #32,508
  • Oct 16, 2017 9:14am Oct 16, 2017 9:14am
Quoting ujku80
{quote} so, it is you pushing the market down now huh
  • #32,509
  • Oct 16, 2017 9:16am Oct 16, 2017 9:16am
What we have here is two completions and harmonic exhaustion of two patterns here price needs to correct here and this may take price into the mid to low 800s. Caution with longs at the moment.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-17 (233 Tick) 2017_10_16.png Size: 66 KB
If you fail to plan, you plan to fail.
  • #32,510
  • Oct 16, 2017 9:17am Oct 16, 2017 9:17am
Quoting ujku80
{quote} so, it is you pushing the market down now huh
I wish I had that kind of power,
If you fail to plan, you plan to fail.
  • #32,511
  • Oct 16, 2017 9:18am Oct 16, 2017 9:18am
BE as price hit the 38% per rules.
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If you fail to plan, you plan to fail.
  • #32,512
  • Oct 16, 2017 9:19am Oct 16, 2017 9:19am
Quoting Milfortra
{quote} Well, really hope to see you here more often but I guess you have your priorities. Would be nice to be trading together again and having your views on the PA and OF. Oh and congrates on your trade today!
thx again mate. here is what I think could happen, but with this strength to the downside, i'd be careful going long right away.
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  • #32,513
  • Oct 16, 2017 9:20am Oct 16, 2017 9:20am
An update
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If you fail to plan, you plan to fail.
  • #32,514
  • Oct 16, 2017 9:21am Oct 16, 2017 9:21am
Quoting Milfortra
{quote} Yup. Me too. Cos it took freaking 3 to 4 candles for the rotation to kick in(I could be wrong). Bulls are weak and it is definately a good sign for your longer term short!
Looking for shorts now.
  • #32,515
  • Oct 16, 2017 9:22am Oct 16, 2017 9:22am
Extended my target just in case and locked in 10 points. I will lock in some more soon
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-17 (1597 Tick) 2017_10_16.png Size: 66 KB
If you fail to plan, you plan to fail.
  • #32,516
  • Oct 16, 2017 9:23am Oct 16, 2017 9:23am
Quoting Milfortra
{quote} Looking for shorts now.
Me too. smelled it coming.
If you fail to plan, you plan to fail.
  • #32,517
  • Oct 16, 2017 9:25am Oct 16, 2017 9:25am
Quoting Milfortra
{quote} Looking for shorts now.
nope . dont bite that bate mate...
  • #32,518
  • Oct 16, 2017 9:25am Oct 16, 2017 9:25am
Locked in 20 just in case at the end of the day the expectation is for a NSH locked in 50% of the profit
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-17 (1597 Tick) 2017_10_16.png Size: 66 KB
If you fail to plan, you plan to fail.
  • #32,519
  • Oct 16, 2017 9:28am Oct 16, 2017 9:28am
Hi Mr. Pip,
Todays trade confused me. It seemed there was good strength with the bulls this morning. You were even looking for longs. I understand that the market corrects and does what it wants sometimes. However you were able to quickly see it and go short when I was still thinking 'where is the entry for long?'. I saw your chart with the double 1:1 completion and market exhaustion. I guess I'm asking how you can identify this so quickly when you were thinking long already. I had long in my head all along and couldn't see price reversing when the market opened so strong. Is there something I'm missing or do I just need to be re-analyzing every moment?

This is where my expectations get confused and I'm not sure what to look for now. Short, long, complex correction?
Thanks.
  • #32,520
  • Oct 16, 2017 9:28am Oct 16, 2017 9:28am
How are we doing Traders? Enjoying this?
If you fail to plan, you plan to fail.
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