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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

  • #33,861
  • Nov 3, 2017 8:41am Nov 3, 2017 8:41am
Quoting Mr. Pip
Yesterday I posted the next live stream and asked for topics of discussion on things that have been issues. I do these for you to take advantage so please let me know what to discuss. Don't be shy. I will do two of these streams this month. Thursday's is more of a nuts and bolts where I can address your issues but if you don't tell me I can't help you. Provide me with topics that you want me to address anything goes.
Mr. Pip,
My main issue right now seems to be time management and choosing a timeframe to stick with. I keep bouncing from 5m to 1hr to 4h to daily...experiencing analysis paralysis pretty bad because of orderflow conflicts betweeb the TFs. Having a fulltime job and a little one at home has made it difficult if not impossible for me to sit and trade for 3-4 hrs straight during prime trading sessions. I have decided it might be best to focus mainly on higher timeframes and check the charts less frequently. Is this similar to what you experienced just starting out? I know you mentioned you eventually moved to 5 minute charts while trading forex, but was this when you had a day job? Any personal experience or guidance that you can offer would be greatly appreciated.

Looking forward to one day trading the YM 233 tick chart with you and not trading hours for dollars!

Thank you
Process over outcome.
  • #33,862
  • Nov 3, 2017 8:43am Nov 3, 2017 8:43am
Looking for shorts on the short term too.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-17 (233 Tick) 2017_11_03.png Size: 41 KB
If you fail to plan, you plan to fail.
  • #33,863
  • Nov 3, 2017 8:44am Nov 3, 2017 8:44am
Same here. looking for a retrace to get short
  • #33,864
  • Nov 3, 2017 8:46am Nov 3, 2017 8:46am
Quoting Chrysmere
{quote} Mr. Pip, My main issue right now seems to be time management and choosing a timeframe to stick with. I keep bouncing from 5m to 1hr to 4h to daily...experiencing analysis paralysis pretty bad because of orderflow conflicts betweeb the TFs. Having a fulltime job and a little one at home has made it difficult if not impossible for me to sit and trade for 3-4 hrs straight during prime trading sessions. I have decided it might be best to focus mainly on higher timeframes and check the charts less frequently. Is this similar to what you experienced...
Yes, I went through this as well I traded the 4 hour then moved to the 1hour I will add this to the list thank you.
If you fail to plan, you plan to fail.
  • #33,865
  • Nov 3, 2017 8:51am Nov 3, 2017 8:51am
Buyers trying to come in
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-17 (1597 Tick) 2017_11_03.png Size: 81 KB
If you fail to plan, you plan to fail.
  • #33,866
  • Nov 3, 2017 8:56am Nov 3, 2017 8:56am
Update
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-17 (1597 Tick) 2017_11_03.png Size: 80 KB
If you fail to plan, you plan to fail.
  • #33,867
  • Nov 3, 2017 8:59am Nov 3, 2017 8:59am
Longer term thinking YM 600t, looking for NSH.
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2017-11-03 at 10.57.51 PM.png Size: 77 KB
  • #33,868
  • Nov 3, 2017 9:00am Nov 3, 2017 9:00am
+17 ticks, let the games begin.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ES 12-17 (233 Tick) 2017_11_03.png Size: 43 KB
Click to Enlarge Name: ES 12-17 (233 Tick) 2017_11_032.png Size: 43 KB
"Luck is when opportunity meets preparation"
  • #33,869
  • Nov 3, 2017 9:01am Nov 3, 2017 9:01am
Buyers putting in a rotation maybe. We will see.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-17 (1597 Tick) 2017_11_03.png Size: 61 KB
If you fail to plan, you plan to fail.
  • #33,870
  • Nov 3, 2017 9:04am Nov 3, 2017 9:04am
Are we enjoying ourselves on this Friday. I love trading with you guys.
If you fail to plan, you plan to fail.
  • #33,871
  • Nov 3, 2017 9:04am Nov 3, 2017 9:04am
Quoting Mr. Pip
Yesterday I posted the next live stream and asked for topics of discussion on things that have been issues. I do these for you to take advantage so please let me know what to discuss. Don't be shy. I will do two of these streams this month. Thursday's is more of a nuts and bolts where I can address your issues but if you don't tell me I can't help you. Provide me with topics that you want me to address anything goes.
Damian, Perhaps you can answer my question about trading into the longer term 61,8 during the live session next week? Another point I found interesting is when you make a weak NSH/NSL you then trade the expected deep correction agressively, maybe another thing to talk about in the livestream?
  • #33,872
  • Nov 3, 2017 9:05am Nov 3, 2017 9:05am
Quoting Mr. Pip
Are we enjoying ourselves on this Friday. I love trading with you guys.
Its really great trading with you. Looking for short on YM as well. Need to be patient here.
  • #33,873
  • Nov 3, 2017 9:05am Nov 3, 2017 9:05am
Quoting Chrysmere
{quote} Mr. Pip, My main issue right now seems to be time management and choosing a timeframe to stick with. I keep bouncing from 5m to 1hr to 4h to daily...experiencing analysis paralysis pretty bad because of orderflow conflicts betweeb the TFs. Having a fulltime job and a little one at home has made it difficult if not impossible for me to sit and trade for 3-4 hrs straight during prime trading sessions. I have decided it might be best to focus mainly on higher timeframes and check the charts less frequently. Is this similar to what you experienced...
I had the same problem as you, you really got to focus on 1 trading TF otherwise you will go crazy haha.
What I am currently doing is trading futures, with high liquidity and trade them after 12/1 EST for around 1 hour / 1,5. In my time this is after dinner and I have no obligations, like work and college, and there is still enough liquidity to make some solid trades during those 1/2 hours of trading. I don't know if this works for out, but you got to find something you really feel comfortable with, otherwise you will end up quitting..
"Luck is when opportunity meets preparation"
  • #33,874
  • Nov 3, 2017 9:06am Nov 3, 2017 9:06am
Quoting Mr. Pip
Buyers putting in a rotation maybe. We will see. {image}
Damian, when you take a D setup like today, how far back do you place your stop above the D point? DO you use a specific fib extention as guide? And what is your expected profit target ? And when do you go at BE.
  • #33,875
  • Nov 3, 2017 9:06am Nov 3, 2017 9:06am
We should work on building a real trading room. But the issue with that is that it couldn't be free. And I don't want to charge but people would just come in to copy my trades and make tons of money. That would not be fair either but it sure would be nice to do something like that.
If you fail to plan, you plan to fail.
  • #33,876
  • Nov 3, 2017 9:07am Nov 3, 2017 9:07am
Quoting Nikster
{quote} Damian, Perhaps you can answer my question about trading into the longer term 61,8 during the live session next week? Another point I found interesting is when you make a weak NSH/NSL you then trade the expected deep correction agressively, maybe another thing to talk about in the livestream?
Nik it is already on my list and you are the one responsible for the early live stream so everyone should thank you!
If you fail to plan, you plan to fail.
  • #33,877
  • Nov 3, 2017 9:08am Nov 3, 2017 9:08am
Quoting steos
{quote} Its really great trading with you. Looking for short on YM as well. Need to be patient here.
I'm short just forgot to post it
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-17 (233 Tick) 2017_11_03.png Size: 46 KB
If you fail to plan, you plan to fail.
  • #33,878
  • Nov 3, 2017 9:09am Nov 3, 2017 9:09am
Quoting Mr. Pip
We should work on building a real trading room. But the issue with that is that it couldn't be free. And I don't want to charge but people would just come in to copy my trades and make tons of money. That would not be fair either but it sure would be nice to do something like that.
If people were making and learning, 140/month would be pretty fair and worth it, but maybe more so for us than you.
  • #33,879
  • Nov 3, 2017 9:10am Nov 3, 2017 9:10am
Quoting Mr. Pip
Are we enjoying ourselves on this Friday. I love trading with you guys.
me too. I took a long for +15
Attached Image (click to enlarge)
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  • #33,880
  • Nov 3, 2017 9:10am Nov 3, 2017 9:10am
Quoting Mr. Pip
{quote} Nik it is already on my list and you are the one responsible for the early live stream so everyone should thank you!
Oh really That's great
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