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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

  • #32,521
  • Oct 16, 2017 9:32am Oct 16, 2017 9:32am
Quoting Mr. Pip
How are we doing Traders? Enjoying this?
  • #32,522
  • Oct 16, 2017 9:34am Oct 16, 2017 9:34am
Quoting PipJr
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...
Situational awareness is a very important part of understanding what is happening. The expectation is still for a NSH and so the intent was and is for longs still. Butt being able to see two 1:1 completions a bigger and a smaller one offered amazing confluence and also offered and area where price needed to take a break and correct. The RR was there so I got aggressive and took the trade. I might end up with 20 points here and maybe I will keep dropping and offer more. I must understand that I am trading a correction here and not a reversal or an expectation failure. I will keep my guard up and protect profit while giving this room in case the bears continue.
If you fail to plan, you plan to fail.
  • #32,523
  • Oct 16, 2017 9:35am Oct 16, 2017 9:35am
Quoting Mr. Pip
How are we doing Traders? Enjoying this?
This is nice. Was a bit busy. Had to recover (worked out).
  • #32,524
  • Oct 16, 2017 9:37am Oct 16, 2017 9:37am
Quoting ujku80
{quote} nope . dont bite that bate mate...
The rotation also looks like a correction completion or an aggressive C entry to the long side on the longer term order flow. A perfect aggressive C entry on an ABCD pattern cos it corrected between the 61.8 and 78.2

However I have learnt to just trade the shorter term order flow where the optimum(for me) is about 40-50 PIPs in length.
  • #32,525
  • Oct 16, 2017 9:39am Oct 16, 2017 9:39am
The support is trying to hold but hopefully the sellers continue and offer a much better priced long in the low 800s
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-17 (1597 Tick) 2017_10_16.png Size: 71 KB
If you fail to plan, you plan to fail.
  • #32,526
  • Oct 16, 2017 9:40am Oct 16, 2017 9:40am
Quote
Situational awareness is a very important part of understanding what is happening. The expectation is still for a NSH and so the intent was and is for longs still. Butt being able to see two 1:1 completions a bigger and a smaller one offered amazing confluence and also offered and area where price needed to take a break and correct. The RR was there so I got aggressive and took the trade. I might end up with 20 points here and maybe I will keep dropping and offer more. I must understand that I am trading a correction here and not a reversal or an...

Thanks,
So the expectation is still currently a NSH. Could be looking for entry where there is a nice rotation and weaker bears?
  • #32,527
  • Oct 16, 2017 9:43am Oct 16, 2017 9:43am
Quoting Mr. Pip
How are we doing Traders? Enjoying this?
out with 41 on short today
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-17 (233 Tick) 2017_10_16.png Size: 101 KB
  • #32,528
  • Oct 16, 2017 9:44am Oct 16, 2017 9:44am
Quoting Aluunatic
{quote} out with 41 on short today {image}
Very nice!
If you fail to plan, you plan to fail.
  • #32,529
  • Oct 16, 2017 9:46am Oct 16, 2017 9:46am
Quoting PipJr
{quote} Thanks, So the expectation is still currently a NSH. Could be looking for entry where there is a nice rotation and weaker bears?
This area could hold but the better RR entry is around 820
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-17 (1597 Tick) 2017_10_16.png Size: 65 KB
If you fail to plan, you plan to fail.
  • #32,530
  • Oct 16, 2017 9:49am Oct 16, 2017 9:49am
Quoting Mr. Pip
{quote} This area could hold but the better RR entry is around 820 {image}
i'm watching for that area too but i'm afraid market wont make it there.
  • #32,531
  • Oct 16, 2017 9:50am Oct 16, 2017 9:50am
Quote
This area could hold but the better RR entry is around 820

Ahhh now I'm seeing it clearer. Thanks
  • #32,532
  • Oct 16, 2017 9:53am Oct 16, 2017 9:53am
Quoting ujku80
{quote} i'm watching for that area too but i'm afraid market wont make it there.
They are coming in let's see if it rotates don't want to take the long here though maybe on the short term I will. We will see what the chart shows.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-17 (1597 Tick) 2017_10_16.png Size: 68 KB
If you fail to plan, you plan to fail.
  • #32,533
  • Oct 16, 2017 9:57am Oct 16, 2017 9:57am
Quoting ujku80
{quote} i'm watching for that area too but i'm afraid market wont make it there.
I hope it does. The sellers are starting to push back now.
If you fail to plan, you plan to fail.
  • #32,534
  • Oct 16, 2017 9:58am Oct 16, 2017 9:58am
Quoting Mr. Pip
{quote} I hope it does. The sellers are starting to push back now.
i'm waiting three more minutes and prob going long ...
  • #32,535
  • Oct 16, 2017 9:58am Oct 16, 2017 9:58am
P/L update
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-17 (1597 Tick) 2017_10_16.png Size: 48 KB
If you fail to plan, you plan to fail.
  • #32,536
  • Oct 16, 2017 10:00am Oct 16, 2017 10:00am
Quoting ujku80
{quote} i'm waiting three more minutes and prob going long ...
Good luck stops have to be below 800 ideally 817 is vulnerable.
If you fail to plan, you plan to fail.
  • #32,537
  • Oct 16, 2017 10:02am Oct 16, 2017 10:02am
Quoting ujku80
{quote} i'm waiting three more minutes and prob going long ...
PA is still stuck between my 2 area of supply and demand zone so I won't be doing anything soon.
  • #32,538
  • Oct 16, 2017 10:03am Oct 16, 2017 10:03am
Quoting Mr. Pip
{quote} Good luck stops have to be below 800 ideally 817 is vulnerable.
yes, that is the plan. stops definitely below 800. waiting a bit longer though
  • #32,539
  • Oct 16, 2017 10:12am Oct 16, 2017 10:12am
I might be taken here price seems to be finding support at the profit target of the of the shorter term 1:1
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.
  • #32,540
  • Oct 16, 2017 10:22am Oct 16, 2017 10:22am
Got taken at +20 pints $2,810 not bad for a Monday. Let's see if anything else pops up.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-17 (1597 Tick) 2017_10_16.png Size: 67 KB
If you fail to plan, you plan to fail.
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