Ratios & Harmonics: a Different Way to Trade | Page 1724 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

"Ratios & Harmonics: a Different Way to Trade." Summary 37 replies

Learning to trade with harmonics 11 replies

Time for Change - Pivots & Harmonics to freedom 67 replies

180 reasons to trade Harmonics and Patterns 13 replies

Group Trading based on Elliott wave and Harmonics 0 replies

Attachments: Ratios & Harmonics: a Different Way to Trade
Exit Attachments

Ratios & Harmonics: a Different Way to Trade

  • #34,461
  • Nov 27, 2017 9:44am Nov 27, 2017 9:44am
Quoting Mr. Pip
GM Traders, I may need to change the live stream to Wednesday Would that be a huge problem for you all?
its no problem but i won't be able to be there the whole stream
  • #34,462
  • Nov 27, 2017 9:46am Nov 27, 2017 9:46am
Quoting Milfortra
{quote} Try looking at the order flow from a 1597 tick chart and the picture will be clearer. {image}
Thank you, now I'm doubly confused. I easily get mixed up in order flows.
Wow! I've got some experience to gain.
  • #34,463
  • Nov 27, 2017 9:52am Nov 27, 2017 9:52am
Quoting RajD
{quote} Out at +5
short at 111.117

Locking in 45 pips
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy 271117 T2.JPG Size: 115 KB
  • #34,464
  • Nov 27, 2017 9:53am Nov 27, 2017 9:53am
Quoting Lawnman
{quote} Thank you, now I'm doubly confused. I easily get mixed up in order flows.
Just use the 233 tick chart to trade and if you are not clear, take a step back and look at the 1597 tick chart to have a bigger picture but use just 1 chart to trade. Choose the order flow from that 1 chart which you are clear of the expectation for either a NSH or a NSL. If still in doubt, just sit on your hands.
  • #34,465
  • Nov 27, 2017 9:56am Nov 27, 2017 9:56am
Quoting Lawnman
{quote} Thank you, now I'm doubly confused. I easily get mixed up in order flows.
I'm with you. What I use the long term (1597 tick) is to get an idea of where price is heading overall. i.e. Right now it's long, so i will then drill down to the shorter term (233 tick) to find a good place to get into that longer term trajectory. I stay away from trades that are opposing the longer term trend. When we go with the direction of the market, we have a 70% chance of being right. When we go against it, only a 30%.

Also note the 1:1 pattern completing in the longer term (1597) as shown in the photo. you wouldn't want to get long there, but rather wait for price to retrace somewhat into an expectation point before going long.
Markets can remain irrational longer than you can remain solvent - JMK
  • #34,466
  • Nov 27, 2017 10:00am Nov 27, 2017 10:00am
Quoting Timwelch
{quote} I'm with you. What I use the long term (1597 tick) is to get an idea of where price is heading overall. i.e. Right now it's long, so i will then drill down to the shorter term (233 tick) to find a good place to get into that longer term trajectory. I stay away from trades that are opposing the longer term trend. When we go with the direction of the market, we have a 70% chance of being right. When we go against it, only a 30%.
Very well said Tim. The problem with the 70% and 30% thingy is, it is extremely very true but we need to go through the motion of taking the trades to believe that it works. It is damn hell easy to say that it works 70% of the time but when you are trading it, your emotions tend to messed it all up.
  • #34,467
  • Nov 27, 2017 10:03am Nov 27, 2017 10:03am
Quoting RajD
{quote} short at 111.117 Locking in 45 pips {image}
I'm concerned with that huge bull candle, the bears shouldn't have allowed it.
Detach yourself from the value of money - Mr. Pip
  • #34,468
  • Nov 27, 2017 10:07am Nov 27, 2017 10:07am
Quoting Milfortra
{quote} Any day is always a good day. Let's see what the others say... How did your flight go?
Flight went great. Thank you! The issue is that I have to take care of something in the morning and might not get back by the market start time. I do not want to rush it and end up with a crappy stream. So we can start later in the day say around 10 am or do it on Wednesday at the usual time.
If you fail to plan, you plan to fail.
  • #34,469
  • Nov 27, 2017 10:09am Nov 27, 2017 10:09am
Quoting Timwelch
{quote} I'm with you. What I use the long term (1597 tick) is to get an idea of where price is heading overall. i.e. Right now it's long, so i will then drill down to the shorter term (233 tick) to find a good place to get into that longer term trajectory. I stay away from trades that are opposing the longer term trend. When we go with the direction of the market, we have a 70% chance of being right. When we go against it, only a 30%. Also note the 1:1 pattern completing in the longer term (1597) as shown in the photo. you wouldn't want to get long...
Did you went long on YM today since the start? or what did you take?
  • #34,470
  • Nov 27, 2017 10:09am Nov 27, 2017 10:09am
hey everyone.
please i need some help, on MT4 platform has the option to open 233 tick chart?, if yes, someone can show me how to do that?
thanks!
  • #34,471
  • Nov 27, 2017 10:09am Nov 27, 2017 10:09am
Long Market
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-17 (233 Tick) 2017_11_27.png Size: 62 KB
If you fail to plan, you plan to fail.
  • #34,472
  • Nov 27, 2017 10:10am Nov 27, 2017 10:10am
Quoting Eli3423
hey everyone. please i need some help, on MT4 platform has the option to open 233 tick chart?, if yes, someone can show me how to do that? thanks!
No. You can use an emulator which you have to buy, but I was not happy with it.
  • #34,473
  • Nov 27, 2017 10:12am Nov 27, 2017 10:12am
Quoting Mr. Pip
Long Market {image}
Are you not worried to take a long on or close to a major completion?
  • #34,474
  • Nov 27, 2017 10:15am Nov 27, 2017 10:15am
Not really but I should have LOL got stopped out I'm short on the longer term.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-17 (1597 Tick) 2017_11_27.png Size: 58 KB
If you fail to plan, you plan to fail.
  • #34,475
  • Nov 27, 2017 10:18am Nov 27, 2017 10:18am
Quoting Timwelch
{quote} I'm with you. What I use the long term (1597 tick) is to get an idea of where price is heading overall. i.e. Right now it's long, so i will then drill down to the shorter term (233 tick) to find a good place to get into that longer term trajectory. I stay away from trades that are opposing the longer term trend. When we go with the direction of the market, we have a 70% chance of being right. When we go against it, only a 30%. Also note the 1:1 pattern completing in the longer term (1597) as shown in the photo. you wouldn't want to get long...

Thanks Tim and Mil, I am trying to identify where the main swing starts on the 233, its a bit unclear due to what I see as a complex correction. I guess sitting on my hands is in order.
Wow! I've got some experience to gain.
  • #34,476
  • Nov 27, 2017 10:18am Nov 27, 2017 10:18am
An update
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-17 (1597 Tick) 2017_11_27.png Size: 59 KB
If you fail to plan, you plan to fail.
  • #34,477
  • Nov 27, 2017 10:21am Nov 27, 2017 10:21am
Update
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-17 (1597 Tick) 2017_11_27.png Size: 58 KB
If you fail to plan, you plan to fail.
  • #34,478
  • Nov 27, 2017 10:22am Nov 27, 2017 10:22am
P/L update BE 545
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-17 (1597 Tick) 2017_11_27.png Size: 60 KB
If you fail to plan, you plan to fail.
  • #34,479
  • Nov 27, 2017 10:22am Nov 27, 2017 10:22am
Quoting Mr. Pip
Update {image}
Nice. Congrats
  • #34,480
  • Nov 27, 2017 10:32am Nov 27, 2017 10:32am
Locked in at 570 as structure is trying to hold and I'm against the expectation.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-17 (1597 Tick) 2017_11_27.png Size: 60 KB
If you fail to plan, you plan to fail.
13 traders viewing now