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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

  • #33,121
  • Oct 24, 2017 7:46am Oct 24, 2017 7:46am
Quoting RajD
{quote} Price made a NSH at 0930 GMT. So expectation is a NSH...Thats why i took the long.
Thanks for the feedback.seems like you are correct my friend. I didn't see that. Thought when it came to previous structure & 61.8 fib thought it would go down before go up. it almost stop me out but still in play.

Anyway this is part of game. will move on to next one if I hit stop loss on this one.
  • #33,122
  • Oct 24, 2017 7:54am Oct 24, 2017 7:54am
Quoting Sheeep44
{quote} Just follow the trading plan mate, than you don't have anything to wonder about. Not being harsh, but I learned that the hard way. And if you don't have rules, backtest and create them. green pips to you sir. edit: we are still in a complex correction on the 144 and 233 tick charts
Thanks for the tips. Well sharing my thoughts and trying to get more experience from others how they adapt trailing
  • #33,123
  • Oct 24, 2017 7:58am Oct 24, 2017 7:58am
USDJPY Update

So i have three possible outcomes to where price could end. would like to lock some profits

+37 pips profit target hopefully
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  • #33,124
  • Oct 24, 2017 7:59am Oct 24, 2017 7:59am
Longer term is also up, which is good for confluence.
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"Luck is when opportunity meets preparation"
  • #33,125
  • Oct 24, 2017 8:37am Oct 24, 2017 8:37am
Quoting RajD
USDJPY Update So i have three possible outcomes to where price could end. would like to lock some profits +37 pips profit target hopefully {image}
Breakeven +6
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  • #33,126
  • Oct 24, 2017 8:41am Oct 24, 2017 8:41am
Good Morning Traders, Just wanted to stop in and say I'm super excited about the live stream tomorrow. I will not be around today but will be here in the morning to chat before the stream.
If you fail to plan, you plan to fail.
  • #33,127
  • Oct 24, 2017 8:50am Oct 24, 2017 8:50am
Let it be a breakout to the upside, someone put some beef on the top right of everyone's screen.
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"Luck is when opportunity meets preparation"
  • #33,128
  • Oct 24, 2017 9:13am Oct 24, 2017 9:13am
Second trade on NQ. Equivalent to +32 ym points.
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  • #33,129
  • Oct 24, 2017 9:14am Oct 24, 2017 9:14am
THEY DID HEAR ME!
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"Luck is when opportunity meets preparation"
  • #33,130
  • Oct 24, 2017 9:22am Oct 24, 2017 9:22am
eurusd my view...
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  • #33,131
  • Oct 24, 2017 10:06am Oct 24, 2017 10:06am
aggressive trade UC 15 min but it had given pin point accuracy

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  • #33,132
  • Oct 24, 2017 10:29am Oct 24, 2017 10:29am
Quoting arvindeept
eurusd my view... {image}
Expectation out of a harmonic stand-point still validates for a NSH right? Intraday
// Jim Ęgirson https://discord.gg/Dkm3demYsx
  • #33,133
  • Oct 24, 2017 12:42pm Oct 24, 2017 12:42pm
Only one trade today. Slow market.
USDJPY long
Expectation short term NSH.
In a first attempt price bounced off the longer term resistance area and went for a deeper correction.
Took the long after correction into golden zone and nice rotation candle, with good structure to the left.
Entry was at 50% so had room to protect.
Protected to BE a bit before price reached the swing structure and shortly after locked in some profit, because the bulls didn't look too convincing and there was this resistance area, at a round number.
Was the best I could do with the movement today.
+8 pips

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  • #33,134
  • Oct 24, 2017 7:40pm Oct 24, 2017 7:40pm
Quoting Mr. Pip
{quote} We are going to discuss corrections, order flow again, proper stop placements, trade management. What else do you all need?
can we cover when we do and don't have enough room to protect on a trade and when to just reduce risk as this seems to be a grey area for me and could probably do with some polish
  • #33,135
  • Oct 25, 2017 12:26am Oct 25, 2017 12:26am
Good morning,

So yesterday eventually was made ABCD completion. Unfortunately was stop out +12 and miss it. Now we have deep correction in to 76,4 zone as expected. Waiting now for the third bounce to get better price for long, hope i get it.
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  • #33,136
  • Oct 25, 2017 1:38am Oct 25, 2017 1:38am
Quoting ltupower
Good morning, So yesterday eventually was made ABCD completion. Unfortunately was stop out +12 and miss it. Now we have deep correction in to 76,4 zone as expected. Waiting now for the third bounce to get better price for long, hope i get it. {image}
Maybe will get something like this.. I'm bit confused now what to look for, how you see guys Eur/Usd today?
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  • #33,137
  • Oct 25, 2017 1:42am Oct 25, 2017 1:42am
Quoting ltupower
Good morning, So yesterday eventually was made ABCD completion. Unfortunately was stop out +12 and miss it. Now we have deep correction in to 76,4 zone as expected. Waiting now for the third bounce to get better price for long, hope i get it. {image}
Yesterday: I also took that ABCD completion. But had some issues with the order not being closed, stop loss not triggered, NT generating errors..
Not sure what happened. I emailed support. Anyway after the hassle I finished on zero profit.

Today: There was an expectation failure in the short term OF, so expecting NSL there technically.
But If we use the more 'clear' swing, then we're still in a correction and expecting a NSH.
So I'm waiting for either side to show something.
  • #33,138
  • Oct 25, 2017 1:51am Oct 25, 2017 1:51am
Quoting PeterT
{quote} I also took that ABCD completion. But had some issues with the order not being closed, stop loss not triggered, NT generating errors.. Not sure what happened. I emailed support. Anyway after the hassle I finished on zero profit. There was an expectation failure in the short term OF, so expecting NSL there technically. But If we use the more 'clear' swing, then we're still in a correction and expecting a NSH. So I'm waiting for either side to show something.
Sorry to hear about that. I hope they will give some compensation.
And how about Ninja, if platform is closed SL/TP also doesn't work right? I mean like in MT4 if you put SL/TP it doesn't matter if platform is closed they still trigger.
  • #33,139
  • Oct 25, 2017 2:06am Oct 25, 2017 2:06am
Quoting ltupower
{quote} Sorry to hear about that. I hope they will give some compensation. And how about Ninja, if platform is closed SL/TP also doesn't work right? I mean like in MT4 if you put SL/TP it doesn't matter if platform is closed they still trigger.
I haven't tested that yet.
I don't know that much about it, but I think the SL and TP should be executed even when the platform is closed.
My broker is FXCM and as I understand they support server side OCO with Ninjatrader.
Make sure your settings are correct. In the configuration window of your account connection, you should uncheck 'local OCO simulation'. Otherwise the SL/TP is handled by your platform and will not not be executed when the platform is closed.
  • #33,140
  • Oct 25, 2017 2:11am Oct 25, 2017 2:11am
BOOM, patient does pay off. Target was eventually hit. Giving me a nice return, this one trade did whipe out the 4 previous losses AND put me in profit. The power of good money management. Risked only about 9 pips, so a good 4:1 R;R on the table.
Second pain-free trade of the week.
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"Luck is when opportunity meets preparation"
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