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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

  • #33,141
  • Oct 25, 2017 2:16am Oct 25, 2017 2:16am
Quoting Sheeep44
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. {image}
Nicely Done! Easy Money
Damn The Torpedoes, Full Speed Ahead!
  • #33,142
  • Oct 25, 2017 2:17am Oct 25, 2017 2:17am
Quoting PeterT
{quote} 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.
Thanks i will uncheck it. In case of internet disconnection or something like that..
  • #33,143
  • Oct 25, 2017 2:18am Oct 25, 2017 2:18am
Quoting Sheeep44
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. {image}
Good job!
  • #33,144
  • Oct 25, 2017 2:25am Oct 25, 2017 2:25am
Pulled the trigger on a short on EURUSD. Thought process is on the chart. Not a lot of strength in the correction either.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 142 KB
Damn The Torpedoes, Full Speed Ahead!
  • #33,145
  • Oct 25, 2017 3:10am Oct 25, 2017 3:10am
Bulls came out to play. Bears, where you at? Lets go!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD.png Size: 89 KB
Damn The Torpedoes, Full Speed Ahead!
  • #33,146
  • Oct 25, 2017 3:33am Oct 25, 2017 3:33am
Quoting DizzleFX
Bulls came out to play. Bears, where you at? Lets go! {image}
I'm looking for longs Eur/USD :| Actualy was trigged Buy limit order but got affraid after your trade so closed it..
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD (233 Tick) 3.png Size: 49 KB
  • #33,147
  • Oct 25, 2017 3:34am Oct 25, 2017 3:34am
Quoting ltupower
{quote} I'm looking for longs Eur/USD :| Actualy was trigged Buy limit order but got affraid after your trade so closed it.. {image}
Yeah, being long right about now, would be nice. The bulls definitely want to play.
Damn The Torpedoes, Full Speed Ahead!
  • #33,148
  • Oct 25, 2017 3:39am Oct 25, 2017 3:39am
Quoting DizzleFX
{quote} Yeah, being long right about now, would be nice. The bulls definitely want to play.
Market is very complex since yesterday.. Hard to predict but in my view that we had deep correction of the NSH in to 76,4 so will be looking in to intraday swings for long.
  • #33,149
  • Edited 5:07am Oct 25, 2017 3:49am | Edited 5:07am
Intraday: NSH

- Price made a NSL last night at 1855 GMT and then corrected 100% to the LH
- 2 harmonics completed sideways

Expectation: With price correcting 100%, it is unreasonable for price to make a NSL. Price retraced to the 50% fib however the bulls failed to push further the first time. Will see what price does

Longterm: NSH

- Market is overall bullish and going through a complex correction
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdjpy 251017 5m.JPG Size: 111 KB
Click to Enlarge Name: usdjpy 251017 15m.JPG Size: 94 KB
  • #33,150
  • Oct 25, 2017 3:49am Oct 25, 2017 3:49am
https://www.youtube.com/watch?v=UzGLnHoUR-8
  • #33,151
  • Oct 25, 2017 3:52am Oct 25, 2017 3:52am
Stopped out for -10 pips. Gonna wait on a correction for a long.
Damn The Torpedoes, Full Speed Ahead!
  • #33,152
  • Oct 25, 2017 4:11am Oct 25, 2017 4:11am
Quoting RajD
Intraday: NSH - Price made a NSL last night at 1855 GMT and then corrected 100% to the LH - 2 harmonics completed sideways Expectation: With price correcting 100%, it is reasonable for price to make a NSL. Price retraced to the 50% fib however the bulls failed to push further the first time. Will see what price does Longterm: NSH - Market is overall bullish and going through a complex correction {image} {image}
USDJPY Update 1

- Price completed harmonic

Expectation: Will wait for price to come to my AOI for a potential long
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy 251017 Upd1.JPG Size: 100 KB
  • #33,153
  • Oct 25, 2017 4:15am Oct 25, 2017 4:15am
AUDJPY 5M looking for sell
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY 5M looking for sell.PNG Size: 31 KB
  • #33,154
  • Oct 25, 2017 4:16am Oct 25, 2017 4:16am
Quoting DizzleFX
{quote} Yeah, being long right about now, would be nice. The bulls definitely want to play.
Aren't we still in a complex correction? :o
"Luck is when opportunity meets preparation"
  • #33,155
  • Oct 25, 2017 4:21am Oct 25, 2017 4:21am
made a huge noob mistake, was doubting if this thing was going higher, then I entered and closed it because there was a huge spike up, before missing the original move, then re-entered on the second swing, with a much worse R;R, but still according to my rules, should of stayed with my original entery, according to my rules.. But hey, always a lesson.
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD (144 Tick) 2017_10_25.png Size: 64 KB
"Luck is when opportunity meets preparation"
  • #33,156
  • Oct 25, 2017 4:23am Oct 25, 2017 4:23am
Quoting Sheeep44
{quote} Aren't we still in a complex correction? :o
Yes. I don't think I am comfortable taking a long yet. I might just sit on the sidelines for a bit.
Damn The Torpedoes, Full Speed Ahead!
  • #33,157
  • Oct 25, 2017 4:30am Oct 25, 2017 4:30am
Quoting DizzleFX
{quote} Yes. I don't think I am comfortable taking a long yet. I might just sit on the sidelines for a bit.
This swing kinda messed with my head aswel haha. Are you trading live or still on demo?
"Luck is when opportunity meets preparation"
  • #33,158
  • Oct 25, 2017 4:31am Oct 25, 2017 4:31am
Quoting Sheeep44
{quote} This swing kinda messed with my head aswel haha. Are you trading live or still on demo?
I'm trading live. Its a small account.
Damn The Torpedoes, Full Speed Ahead!
  • #33,159
  • Oct 25, 2017 4:33am Oct 25, 2017 4:33am
Quoting DizzleFX
{quote} I'm trading live. Its a small account.
Yea, same for me.. Really better in my opinion, you have to deal with real emotions. Going to gradually make the account bigger as we stay consistently profitable, over a longer period. I think taking small steps instead of bumping the account up with 1000$'s at a time, is better psychology wise.
"Luck is when opportunity meets preparation"
  • #33,160
  • Oct 25, 2017 4:38am Oct 25, 2017 4:38am
Quoting Sheeep44
{quote} Yea, same for me.. Really better in my opinion, you have to deal with real emotions. Going to gradually make the account bigger as we stay consistently profitable, over a longer period. I think taking small steps instead of bumping the account up with 1000$'s at a time, is better psychology wise.
I agree. Your emotions have to get use to the position size you trade.
Damn The Torpedoes, Full Speed Ahead!
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