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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

  • #34,681
  • Dec 4, 2017 1:31am Dec 4, 2017 1:31am
BUY @ 38.2

many surpport lines there
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No one wants to be defeated~
  • #34,682
  • Dec 4, 2017 7:09am Dec 4, 2017 7:09am
EURUSD M5, expectation NSL (failure)
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Detach yourself from the value of money - Mr. Pip
  • #34,683
  • Dec 4, 2017 7:30am Dec 4, 2017 7:30am
What are the odds that we'll have a GAP fill on the YM? Taking bets now! lol
Markets can remain irrational longer than you can remain solvent - JMK
  • #34,684
  • Dec 4, 2017 8:01am Dec 4, 2017 8:01am
Quoting Supreme1394
EURUSD M5, expectation NSL (failure) {image}
Got taken out, I must remind myself not to trade against expectation
Detach yourself from the value of money - Mr. Pip
  • #34,685
  • Dec 4, 2017 9:59am Dec 4, 2017 9:59am
Long YM
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  • #34,686
  • Dec 4, 2017 10:39am Dec 4, 2017 10:39am
Quoting arc001
Long YM {image}
arc001 how do you justify your stop-loss (90pts)? Is it based on your account size or technical analysis solely?
Always trade your own plan...I don't provide trading signals.
  • #34,687
  • Dec 4, 2017 11:09am Dec 4, 2017 11:09am
Quoting Coreg2004
{quote} arc001 how do you justify your stop-loss (90pts)? Is it based on your account size or technical analysis solely?
Hi Coreg. Its below the clear swing low (HL). As per my analysis, the expectation failure would only happen if that low is taken out. So the stop needs to be below that. A stop loss above that could result in my stop getting taken out while the expectation of higher highs and lows still holds (which i want to avoid as the primary stats behind this strategy is that the expectation holds 70% of the time). I know that Damien prefers a smaller maximum SL (around 40 pts). I am still live testing the strategy on cfds and reduce the trade size once the stop exceeds 40 pts. If I go live with futures, i would avoid trades like these with SL more than 40-50 pts initially. However, I am taking these on cfds as my backtesting shows that the expectancy of this strategy is positive even with higher stops. Thanks.
  • #34,688
  • Dec 4, 2017 11:57am Dec 4, 2017 11:57am
MY NQ trades today (equivalent to +71 YM points). Got impatient with the last trade ( initial TP would have been hit).
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  • #34,689
  • Dec 4, 2017 12:27pm Dec 4, 2017 12:27pm
Quoting arc001
Long YM {image}
Are you still in that trade?
  • #34,690
  • Dec 4, 2017 1:46pm Dec 4, 2017 1:46pm
Quoting evocpr19
MY NQ trades today (equivalent to +71 YM points). Got impatient with the last trade ( initial TP would have been hit). {image}
Evo nice job....and now let me show you impatience....
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Always trade your own plan...I don't provide trading signals.
  • #34,691
  • Dec 4, 2017 2:08pm Dec 4, 2017 2:08pm
Shorted the EURUSD, will leave it open for the night

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  • #34,692
  • Dec 4, 2017 2:24pm Dec 4, 2017 2:24pm
Quoting Coreg2004
{quote} Evo nice job....and now let me show you impatience.... {image} {image}
You left also profit on the table. However, profit is profit. Congrats

NB: Was a bit chasing price. My second trade was not smart, but could exit with small win.
  • #34,693
  • Dec 4, 2017 2:49pm Dec 4, 2017 2:49pm
Quoting evocpr19
{quote} You left also profit on the table. However, profit is profit. Congrats NB: Was a bit chasing price. My second trade was not smart, but could exit with small win.
Thanks, Evo, it seems that leaving money on the table is my specialty...but I am already used to it and don't complain. We can always enter the trade on the next setup.
Always trade your own plan...I don't provide trading signals.
  • #34,694
  • Dec 4, 2017 2:58pm Dec 4, 2017 2:58pm
The maximum for C point has been reached. If the market continues down move I will have to assess my labeling.
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Always trade your own plan...I don't provide trading signals.
  • #34,695
  • Dec 4, 2017 3:50pm Dec 4, 2017 3:50pm
Quoting Timwelch
What are the odds that we'll have a GAP fill on the YM? Taking bets now! lol
If you took it, you got a lot of points (approx. 200 points)
  • #34,696
  • Dec 4, 2017 9:43pm Dec 4, 2017 9:43pm
Hi everyone , GM here

How to determine when to enter a trade when a ( expectation change ) NSH / NSL occur , expectation were complex correction

does a Strong or Weak new structure determine the price to trade?
  • #34,697
  • Dec 4, 2017 10:47pm Dec 4, 2017 10:47pm
Quoting evocpr19
{quote} Are you still in that trade?
No got stopped out
  • #34,698
  • Dec 5, 2017 1:57am Dec 5, 2017 1:57am
Quoting 6288monkey
Hi everyone , GM here How to determine when to enter a trade when a ( expectation change ) NSH / NSL occur , expectation were complex correction does a Strong or Weak new structure determine the price to trade?
As I understand it, it depends on the timeframe/size of move you are looking to trade. Longer timeframe, bigger moves, bigger tp, bigger sl, slower confirmation, more time for entry. Check Mr. Pip's 11/9 video. Lots of really good information in there. I think the answer you're looking for is at about the 1:30 hr mark.

https://www.youtube.com/watch?v=LW3ga0rCYx4

There's another video quite a bit earlier this year or maybe late last year where he covered what to do if you get consecutive NSH/NSL. If I remember correctly, the basic answer is you wait for a confirmation, since those are usually news driven and can signal a change in expectation.
  • #34,699
  • Dec 5, 2017 7:09am Dec 5, 2017 7:09am
Quoting ckh626
{quote} As I understand it, it depends on the timeframe/size of move you are looking to trade. Longer timeframe, bigger moves, bigger tp, bigger sl, slower confirmation, more time for entry. Check Mr. Pip's 11/9 video. Lots of really good information in there. I think the answer you're looking for is at about the 1:30 hr mark. https://www.youtube.com/watch?v=LW3ga0rCYx4 There's another video quite a bit earlier this year or maybe late last year where he covered what to do if you get consecutive NSH/NSL. If I remember correctly, the basic...
Hi CKH626 , thanks alot , i dint not advance to there yet , but the live video were abit low in volume and i need to use a ear plug and concentrate to hear the sound .

yes , i found he mention that not to overlap timeframe and etc .

http://www.flipcoingame.com/

above were a coin toss game that i use to test out the smooth ratio on a 50% chance game.

my play were every 2 tail i change to head and vice versa ( because 50% x 50% x 50% = 12.5% )

i think this were very similar to trading where you should not think of winning or losing because you know overall you will win with the probability and just proceed without emotion . ( dont look at the money amount just focus on the process. )
  • #34,700
  • Dec 5, 2017 8:42am Dec 5, 2017 8:42am
My trades on NQ: (equivalent to +103 YM points). Left a lot of points on the table.
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