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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

  • #34,241
  • Nov 15, 2017 7:23pm Nov 15, 2017 7:23pm
Quoting Coreg2004
{quote} 6E is euro futures contract and is not the same as spot (forex). Sniper, you would have read here https://www.tradingacademy.com/lessons/article/spot-forex-vs-forex-futures-expanded/ to find out why is such a discrepancy in the price quoted and other differences.
What he forgot to mention though is "why" the futures price isn't the same as spot.
The reason is because of interest rates. Spot pays swap fees (interest) & futures doesn't. If futures & spot were priced the same it would be a risk-free trade to collect the swap fees on NU & AU by buying spot & shorting futures in the same quantities. The market is pricing swap fees into the futures market. As the futures approaches expiration, the futures price will eventually be equal to spot. The farther out in time from expiration, the greater the difference in price between spot & futures. The higher interest rate currencies will have a larger price difference between spot & futures.
  • #34,242
  • Nov 15, 2017 7:52pm Nov 15, 2017 7:52pm
Quoting Happy_Sniper
{quote} I see that the price of 6E isn't the same as spot E/U, why is that? (about 20 pips higher)
I believe that spread is based off of the interest rate differential. There is no rollover in futures market like you have in FX. The futures price would converge to the FX rate as the contract approaches expiration (Without the differential, the gap widens between the two rates everyday due to interest/rollover/carry in FX creating a price arbitrage opportunity). Doesn't make much difference to the short term trader.
  • #34,243
  • Nov 15, 2017 9:06pm Nov 15, 2017 9:06pm
E/U NSL Weak momenturn
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No one wants to be defeated~
  • #34,244
  • Nov 15, 2017 9:13pm Nov 15, 2017 9:13pm
Quoting Coreg2004
{quote} 6E is euro futures contract and is not the same as spot (forex). Sniper, you would have read here https://www.tradingacademy.com/lessons/article/spot-forex-vs-forex-futures-expanded/ to find out why is such a discrepancy in the price quoted and other differences.
Will do, thanks! I somehow thought the price of the futures was the same as spot, silly me.
  • #34,245
  • Nov 15, 2017 9:15pm Nov 15, 2017 9:15pm
Quoting srt
{quote} What he forgot to mention though is "why" the futures price isn't the same as spot. The reason is because of interest rates. Spot pays swap fees (interest) & futures doesn't. If futures & spot were priced the same it would be a risk-free trade to collect the swap fees on NU & AU by buying spot & shorting futures in the same quantities. The market is pricing swap fees into the futures market. As the futures approaches expiration, the futures price will eventually be equal to spot. The farther out in time from expiration, the greater the difference...
Ah, makes sense. Thanks!
  • #34,246
  • Nov 16, 2017 12:35am Nov 16, 2017 12:35am
GM,

After completion of harmonic ABCD shorted.
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  • #34,247
  • Nov 16, 2017 12:58am Nov 16, 2017 12:58am
https://www.youtube.com/watch?v=W87Rf4AtihQ
  • #34,248
  • Nov 16, 2017 1:38am Nov 16, 2017 1:38am
Quoting ltupower
GM, After completion of harmonic ABCD shorted. {image}
SL goes to BE
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  • #34,249
  • Nov 16, 2017 2:23am Nov 16, 2017 2:23am
USDJPY Analysis

Intraday: NSH

- Price made a NSH just a few minutes after market open

Expectation: Would like price to come to my AOI

Longterm: NSL

- Market is overall bearish
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  • #34,250
  • Nov 16, 2017 2:24am Nov 16, 2017 2:24am
Quoting ltupower
{quote} SL goes to BE {image}
Stoped out +8
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  • #34,251
  • Nov 16, 2017 5:02am Nov 16, 2017 5:02am
didn't trade for two weeks.busy with different stuff.try to get 1 trade in 2 weeks.

UJ 1 hr waiting to short. if price reach 113.500 level will short.but harmonic 1.1 is complete on 61.8 level and price start to reject.will see how price behaves & then enter short.

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  • #34,252
  • Nov 16, 2017 5:39am Nov 16, 2017 5:39am
Buenos Dias Traders!

Okay, trades for today on the DAX. Lot of rangebound movement, but a good day nonetheless.

Happy trading!
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  • #34,253
  • Nov 16, 2017 7:57am Nov 16, 2017 7:57am
Quoting pradlal
Buenos Dias Traders! Okay, trades for today on the DAX. Lot of rangebound movement, but a good day nonetheless. Happy trading! {image}
Yo Pradlal, great trading! I took my first trade at the same time as your thirdh trade and later I took a long after the test of the 61,8 but both ended at breakeven. At least no losses. Maybe I should be more agressive like you.
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  • #34,254
  • Nov 16, 2017 8:18am Nov 16, 2017 8:18am
Quoting Nikster
{quote} Yo Pradlal, great trading! I took my first trade at the same time as your thirdh trade and later I took a long after the test of the 61,8 but both ended at breakeven. At least no losses. Maybe I should be more agressive like you. {image}
Hey Nick! Yeah today the market's not moving much. Was expecting it to resume the downtrend at the 786 of the previous main swing, that's why the early shorts.

Any day ended in the black is a good day!

Where in Netherlands are you from ? I know only den Hague and Amsterdam...
  • #34,255
  • Nov 16, 2017 8:41am Nov 16, 2017 8:41am
My gold trade:
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  • #34,256
  • Nov 16, 2017 8:49am Nov 16, 2017 8:49am
Quoting piphunter123
didn't trade for two weeks.busy with different stuff.try to get 1 trade in 2 weeks. UJ 1 hr waiting to short. if price reach 113.500 level will short.but harmonic 1.1 is complete on 61.8 level and price start to reject.will see how price behaves & then enter short. {image}

was waiting for deeper price correction in to 113.5 area but felt it's not going to happen so enter short.now its running +35 pips & stop loss put below 0.762 to reduce risk.

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  • #34,257
  • Nov 16, 2017 8:56am Nov 16, 2017 8:56am
Quoting pradlal
{quote} Hey Nick! Yeah today the market's not moving much. Was expecting it to resume the downtrend at the 786 of the previous main swing, that's why the early shorts. Any day ended in the black is a good day! Where in Netherlands are you from ? I know only den Hague and Amsterdam...
I live near Amsterdam/ Haarlem. The Dax is very slow today. I almost fell asleep
  • #34,258
  • Nov 16, 2017 9:51am Nov 16, 2017 9:51am
recently started re-learning Mr Pip's method.. first trade today...welcome any feedback..got taken out by the Trailing stop
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  • #34,259
  • Nov 16, 2017 10:06am Nov 16, 2017 10:06am
eu short
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  • #34,260
  • Nov 16, 2017 10:36am Nov 16, 2017 10:36am
Quoting arc001
eu short {image}
covered at around flat as price was going nowhere and us tax news might be coming out.
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