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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

  • #33,741
  • Nov 1, 2017 7:17am Nov 1, 2017 7:17am
SL hit on news event. -10 pips on 0.3 lot. Next..
  • #33,742
  • Nov 1, 2017 7:20am Nov 1, 2017 7:20am
Quoting lithium1
GOLD, LONG setup, Order flow weakening. Entered at 61.8% fibo with structure. {image}
SL Hit. Next!
  • #33,743
  • Nov 1, 2017 7:23am Nov 1, 2017 7:23am
Quoting piphunter123
Risky enter just before news. but it paid well. {image}

Expectation failure.Taken out.move on to next.

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  • #33,744
  • Nov 1, 2017 7:31am Nov 1, 2017 7:31am
Quoting PeterT
SL hit on news event. -10 pips on 0.3 lot. Next..
Sorry you got took out Peter.
Attached Image
  • #33,745
  • Nov 1, 2017 7:38am Nov 1, 2017 7:38am
Quoting Pipradar
{quote} Sorry you got took out Peter. {image}
Part of the game
  • #33,746
  • Nov 1, 2017 8:13am Nov 1, 2017 8:13am
Quoting RajD
{quote} stick to the 244 tick or 5 min chart. Don't change timeframes Study the videos everyday and go thru the live trading video and do the exact same thing Keep a time limit for your trade . Fore example. no trading after 4 pm GMT Stick to your rules Don't trade corrections. they are unreliable. Always trade the expectation
Hey RajD (or any one else),
This is good advice. I just don't understand the one point in bold. Why not trade when you are available and able? Why is it helpful to have a rule around when you will and won't trade? Is it for discipline?
Thanks in advance
  • #33,747
  • Nov 1, 2017 8:24am Nov 1, 2017 8:24am
Taking long, trading correction. Expecting deep correction somewhere to 61,8 after NSL formation.
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  • #33,748
  • Nov 1, 2017 9:04am Nov 1, 2017 9:04am
AU 15 min. Running well so far.

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  • #33,749
  • Nov 1, 2017 9:34am Nov 1, 2017 9:34am
My YM trades:
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  • #33,750
  • Nov 1, 2017 10:33am Nov 1, 2017 10:33am
Hello Traders, I'm having some work done at my house and could not join you all here is the final numbers for October. Looking forward to an even better November.

There were some questions I remember Nikster asking about corrections into the 61.8 of the longer term and I believe there was something else about ABCD completions if my memory is not correct remind me also let me know what other pressing issues you all are having and we can do an early live stream to address these topics next week.
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If you fail to plan, you plan to fail.
  • #33,751
  • Nov 1, 2017 10:39am Nov 1, 2017 10:39am
Quoting parviz1953
{quote} By high probability ,i meant what i have written in the 3rd paragraph , and it is part of my trade plan....!! Indeed what i mean is that, when we are talking about SOS, i put higher stress on strong supply and resistance ,and then on R:R and then the other criteria...
I want to share my results during one week of using the previously mentioned strategy and i am also sharing rules , i learned from this thread ,mostly Damian lessons , it is in the form of a checklist, that i check before taking any new trade, i really appreciate any comments to correct my mistakes. and my be somebody else may use it if they think it might be of any help....
Attached File(s)
File Type: pdf Trading check list.pdf   197 KB | 607 downloads

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  • #33,752
  • Nov 1, 2017 10:52am Nov 1, 2017 10:52am
Quoting parviz1953
{quote} I want to share my results during one week of using the previously mentioned strategy and i am also sharing rules , i learned from this thread ,mostly Damian lessons , it is in the form of a checklist, that i check before taking any new trade, i really appreciate any comments to correct my mistakes. and my be somebody else may use it if they think it might be of any help.... {image} {image}
Great results. Keep it up.
If you fail to plan, you plan to fail.
  • #33,753
  • Nov 1, 2017 10:58am Nov 1, 2017 10:58am
Quoting parviz1953
{quote} I want to share my results during one week of using the previously mentioned strategy and i am also sharing rules , i learned from this thread ,mostly Damian lessons , it is in the form of a checklist, that i check before taking any new trade, i really appreciate any comments to correct my mistakes. and my be somebody else may use it if they think it might be of any help.... {image} {image}
Thanks Parviz,
Already trying your check list
Great results too!
  • #33,754
  • Nov 1, 2017 11:14am Nov 1, 2017 11:14am
Last trade on YM (+15). I made it shorter, since I have to go
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  • #33,755
  • Nov 1, 2017 11:43am Nov 1, 2017 11:43am
Question for live stream or anybody else for that matter....

Is ABCD different than AB=CD? I feel like I read somewhere that they are different, but I can't find anything concrete at the moment. I need to better understand some of these patterns. I look for 1:1 completions now, but miss other stuff.
  • #33,756
  • Nov 1, 2017 11:56am Nov 1, 2017 11:56am
Quoting csternfx
Question for live stream or anybody else for that matter.... Is ABCD different than AB=CD? I feel like I read somewhere that they are different, but I can't find anything concrete at the moment. I need to better understand some of these patterns. I look for 1:1 completions now, but miss other stuff.
Hi Csternfx,
I think this is the video you are looking for:
https://youtu.be/GrCdDmkJMuY
ABCD vs AB=CD
  • #33,757
  • Nov 1, 2017 12:03pm Nov 1, 2017 12:03pm
Thanks, I'll watch that tonight.
  • #33,758
  • Nov 1, 2017 12:04pm Nov 1, 2017 12:04pm
Quoting csternfx
Question for live stream or anybody else for that matter.... Is ABCD different than AB=CD? I feel like I read somewhere that they are different, but I can't find anything concrete at the moment. I need to better understand some of these patterns. I look for 1:1 completions now, but miss other stuff.

A 1:1 is the same as an AB = CD pattern. The A to B leg has to be the same as the C to D.

For an ABCD pattern the correction of the A to B leg has to be between the 61.8 and the 76.4 fib levels and the C to D leg has to achieve the 127 extension of the A to B.

Someone please correct me if I'm wrong.

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  • #33,759
  • Nov 1, 2017 12:36pm Nov 1, 2017 12:36pm
USDJPY +15
  • #33,760
  • Nov 1, 2017 2:04pm Nov 1, 2017 2:04pm
Last night I was trying to set Nt ready for live trading this morning and had a error with the connection between IB and Ninjatrader. It kept saying "connecting" instead of "connected". So after a lot of emailtraffic with NT the conclusion was that my IB account ( a join account of myself and a friend) cannot be connected to Ninjatrader. So I have to open a new account at IB on my personal title only and this will take a couple of days. So no live trading this week for me.
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