Ratios & Harmonics: a Different Way to Trade | Page 1739 | 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

  • #34,761
  • Dec 8, 2017 6:32am Dec 8, 2017 6:32am
My Gold trade. My entries were far too late, so I cannot protect. Hence, I decided to take profit and to wait for a better opportunity. (Equivalent to +41 YM points).
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot4a.jpg Size: 336 KB
  • #34,762
  • Dec 8, 2017 6:44am Dec 8, 2017 6:44am
Quoting Nikster
I had a terrible week this week, I took 6 trades and only 1 was BE where I was to agressive with placing my stop to BE because it had worked out very well. The other 5 were losses. It's very frustrating because besites the real trading I still backtest and with the testing the numbers are exactly the opposite. And after reviewing my trades I see what went wrong. I look for setups that appear at the 61,8 and prefer to see also a 1:1 that finishes arround the 61,8 and all of this in a area of structure. So it's at least a sos2 sos3 signal for entering...

I feel your pain. Had a very poor week too. I usually trade setups on gold, gbpjpy & gbpusd. Was on a good roll till fundamentals started to spike the charts up and end the week on a low. Sitting on sidelines today until after NFP settles down.
  • #34,763
  • Dec 8, 2017 6:54am Dec 8, 2017 6:54am
Question to the Ninja experts. When you define a strategy for TP and SL (e.g. TP =25 and SL = 20) and you enter with 20 lots. How can you for instance modify once entering a trade that e.g. 15 lots should be exit at the defined TP of 25 and 5 lots should be exit at 40.
When I try to modify the lot size on the predefined TP level, Ninja tells me that I cannot do since strategy defined. When I modify then strategy to "none", it still does not allow it.
Hope it is clear what I mean.

Thank you in advance for your help.
  • #34,764
  • Dec 8, 2017 7:18am Dec 8, 2017 7:18am
Quoting evocpr19
Question to the Ninja experts. When you define a strategy for TP and SL (e.g. TP =25 and SL = 20) and you enter with 20 lots. How can you for instance modify once entering a trade that e.g. 15 lots should be exit at the defined TP of 25 and 5 lots should be exit at 40. When I try to modify the lot size on the predefined TP level, Ninja tells me that I cannot do since strategy defined. When I modify then strategy to "none", it still does not allow it. Hope it is clear what I mean. Thank you in advance for your help.
I believe it is something like this. You have to add another level on your ATM strategy. I've used it for trading 2 contracts so I have 2 different TP levels. Only thing I want to figure out is how to move the SL on the second one to BE after the first hits TP.

You also have to make sure your contracts match the amount in the ATM. If I only enter 1 contract, it only does the first line, if I enter 2, it will do teh second. Not sure how it would act if you did 18 for example. Maybe 15 and 3 separated?
Attached Image
  • #34,765
  • Dec 8, 2017 7:30am Dec 8, 2017 7:30am
Quoting csternfx
{quote} I believe it is something like this. You have to add another level on your ATM strategy. I've used it for trading 2 contracts so I have 2 different TP levels. Only thing I want to figure out is how to move the SL on the second one to BE after the first hits TP. You also have to make sure your contracts match the amount in the ATM. If I only enter 1 contract, it only does the first line, if I enter 2, it will do teh second. Not sure how it would act if you did 18 for example. Maybe 15 and 3 separated? {image}
This I know, but if you want to change your "strategy", once the trade is already running ?
  • #34,766
  • Dec 8, 2017 7:33am Dec 8, 2017 7:33am
Quoting evocpr19
{quote} This I know, but if you want to change your "strategy", once the trade is already running ?
If I recall, you can right click on a TP or SL line and should have some options to increase or decrease price on part of it. I've only ever traded 2 so it gives me 2 TPs to choose from. If I say increase on 1, it will split it into 2 TP lines and I can drag it where I need it.
  • #34,767
  • Dec 8, 2017 7:38am Dec 8, 2017 7:38am
update: My TP area would have been hit and price, came back and would have taken me out if the entry would have been protected. Happy anyway.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot4a.jpg Size: 331 KB
  • #34,768
  • Dec 8, 2017 8:07am Dec 8, 2017 8:07am
Another Gold trade: Did not like how price behave (Equivalent to +43 YM points). Probably done for the day.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot4a.jpg Size: 337 KB
  • #34,769
  • Dec 8, 2017 8:39am Dec 8, 2017 8:39am
My last trade today: Saw an opportunity to re-enter and to trade my expectation. TP hit, equivalent to +38 YM points. Wish you all a nice WE.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot4a.jpg Size: 325 KB
  • #34,770
  • Dec 8, 2017 9:10am Dec 8, 2017 9:10am
Quoting Nikster
I had a terrible week this week, I took 6 trades and only 1 was BE where I was to agressive with placing my stop to BE because it had worked out very well. The other 5 were losses. It's very frustrating because besites the real trading I still backtest and with the testing the numbers are exactly the opposite. And after reviewing my trades I see what went wrong. I look for setups that appear at the 61,8 and prefer to see also a 1:1 that finishes arround the 61,8 and all of this in a area of structure. So it's at least a sos2 sos3 signal for entering...

Sorry to hear about your misfortune Nikster.Surely, something went wrong with your trading. I trade AB=CD pattern for a very long time and it's true that pattern is at least 70% of the time profitable even if you take under the consideration unfavorable win/loss distribution from time to time, five losses in six trades are too much. Hope you correct it soon. If you have any question don't hesitate to ask. Together on FF forum, we might find the solution.Traders help traders.Good luck.
Always trade your own plan...I don't provide trading signals.
  • #34,771
  • Dec 8, 2017 9:10am Dec 8, 2017 9:10am
Quoting evocpr19
My last trade today: Saw an opportunity to re-enter and to trade my expectation. TP hit, equivalent to +38 YM points. Wish you all a nice WE. {image}
Nice WE too...
  • #34,772
  • Edited 9:31am Dec 8, 2017 9:17am | Edited 9:31am
Quoting Nikster
I had a terrible week this week, I took 6 trades and only 1 was BE where I was to agressive with placing my stop to BE because it had worked out very well. The other 5 were losses. It's very frustrating because besites the real trading I still backtest and with the testing the numbers are exactly the opposite. And after reviewing my trades I see what went wrong. I look for setups that appear at the 61,8 and prefer to see also a 1:1 that finishes arround the 61,8 and all of this in a area of structure. So it's at least a sos2 sos3 signal for entering...
Sorry to hear, but apparently it is only an issue of protecting your trades too early (I have also this issue). Hence, no reason to panic, since you know the solution.

If I understood your post right, you have also often trades with strong setup sos2 and sos 3 signal which often fails. If you want to dig into this, please post some examples. I am sure that we will a do our best to help you.
PS: I guess that you traded YM. I have to say, if I were strictly apply my rules on YM this week, would have ended negative. However, I was suspecting that this would happen, so I took something else to trade, were I had not this bias. My bias was not strong enough to say, ok so go for short. I was simply a bit confused with the YM price action. In this situation, one of my rules says "look for something else to trade".
  • #34,773
  • Dec 8, 2017 9:50am Dec 8, 2017 9:50am
Quoting Coreg2004
{quote} Evo, change your chart to the front contract (Feb.2018)...you are still in dec, 2017 {image}
Thank you for pointing out. Ninja was initially set to change it automatically.
  • #34,774
  • Dec 8, 2017 9:59am Dec 8, 2017 9:59am
Quoting Coreg2004
{quote} Sorry to hear about your misfortune Nikster.Surely, something went wrong with your trading. I trade AB=CD pattern for a very long time and it's true that pattern is at least 70% of the time profitable even if you take under the consideration unfavorable win/loss distribution from time to time, five losses in six trades are too much. Hope you correct it soon. If you have any question don't hesitate to ask. Together on FF forum, we might find the solution.Traders help traders.Good luck.
Hey Coreg, thank you for your help. Here are my trades from wednesday on the minidax. I have to admit that this week price action was difficult to read since it was bouncing in a large range. See the screenshot for my trades on wednesday

Attached Image (click to enlarge)
Click to Enlarge Name: FDXM 12-17 (68 Tick) 2017_12_06.png Size: 68 KB
The first trade I was messed up with the OF since it was not a clear intraday swing but a immediate swing.

The second trade I was still looking for shorts (why??) and saw a low risk entry on the next swing. I also thought that a long at the 61,8 (yellow arrow) of the swing that took me out was a option but the long term was also down so instead of wait and look what price wants to do I took that short.

Trade 3 was also a misread of the OF and the last trade that day I read it ok and entered at the 61,8 of mainswing but was to agressive with my stop moving to BE.

Yesterday was 1 trade and an expectationfaillure, that can happen and todays trade was a little out of my tradeplan but I saw a longterm 1:1 completion plus 2 smaller 1:1 completions in a longterm structure zone and got stopped out because my stop was too close. I placed it 5 ticks above the 161,8 of the longterm swing.
  • #34,775
  • Dec 8, 2017 10:07am Dec 8, 2017 10:07am
Quoting evocpr19
{quote} Sorry to hear, but apparently it is only an issue of protecting your trades too early (I have also this issue). Hence, no reason to panic, since you know the solution. If I understood your post right, you have also often trades with strong setup sos2 and sos 3 signal which often fails. If you want to dig into this, please post some examples. I am sure that we will a do our best to help you. PS: I guess that you traded YM. I have to say, if I were strictly apply my rules on YM this week, would have ended negative. However, I was suspecting...
Hey Evocpr, I trade the minidax. I started with this account to build up confidence and because realtime with real money is different from testing or papertrading but I'm after 5 weeks of trading 12% down. I'm putting all my time in it to master and with the testing (which is of course without hindsight or cheating) I do great, so why having so many losses in real?
  • #34,776
  • Edited 10:52am Dec 8, 2017 10:32am | Edited 10:52am
Quoting Nikster
{quote} Hey Evocpr, I trade the minidax. I started with this account to build up confidence and because realtime with real money is different from testing or papertrading but I'm after 5 weeks of trading 12% down. I'm putting all my time in it to master and with the testing (which is of course without hindsight or cheating) I do great, so why having so many losses in real?
I see your problem. I will try to explain based on your chart (give some time; have to "paint" on your chart).

Your Main swing is 1. We are in down trend. On "2" we got an expection failure; now we believe that price wants to go up. We wait for deep retracement (your arrow shows the perfect entry) and look for long (your second entry was against the expectation); TP is 1:1 to the upside. However, you have to pay attention on which level we are in the bigger picture ( "1" is not broken and still applies). Level at "3" looks like 61.8 of the downswing. PA does simpy a re-test of the low and fails at "5". Your last entry was right, but it is a dangerous entry. At "6" price fails again when trying to go down, now you have the confirmation that price will go up. You were a bit offset with PA.

The described logic was applied by me today on gold.

Hope this helps.
Attached Image (click to enlarge)
Click to Enlarge Name: Nick.jpg Size: 264 KB
  • #34,777
  • Dec 8, 2017 11:18am Dec 8, 2017 11:18am
Quoting Nikster
{quote} Hey Coreg, thank you for your help. Here are my trades from wednesday on the minidax. I have to admit that this week price action was difficult to read since it was bouncing in a large range. See the screenshot for my trades on wednesday {image}The first trade I was messed up with the OF since it was not a clear intraday swing but a immediate swing. The second trade I was still looking for shorts (why??) and saw a low risk entry on the next swing. I also thought that a long at the 61,8 (yellow arrow) of the swing that took me out was a option...
Here how I see set up for the first trade.
Attached Image (click to enlarge)
Click to Enlarge Name: FDAX 12-17 (68 Tick) 12_6_2017.jpg Size: 212 KB
Always trade your own plan...I don't provide trading signals.
  • #34,778
  • Dec 8, 2017 11:21am Dec 8, 2017 11:21am
Quoting Coreg2004
{quote} Here how I see set up for the first trade. {image}
I like your chart and explanation.
  • #34,779
  • Dec 8, 2017 11:32am Dec 8, 2017 11:32am
Quoting evocpr19
{quote} I like your chart and explanation.
thanks for the hint on the gold trade. I took one today first time in years.
Always trade your own plan...I don't provide trading signals.
  • #34,780
  • Dec 8, 2017 11:37am Dec 8, 2017 11:37am
Hello friends, guys and gals,

This week was a bit of a struggle, can't deny it. Put 3 or 4 swing trades if I remember correctly. Which were all losers because I couldn't manage them during news and such.. Costly lesson to just stick with day trading what I love the most.
The proces is becoming better and better every week, filtering out bad trades and having more quality setups, and as A RESULT, the % gain will follow.
Currently trading 2 pairs after NYO session, unfortunately can't trade during the LO/NYO session..

Thanks everyone, have a nice weekend.
Hope you guys like me posting this, if anything is uncertain or something you don't understand or isn't clear, please tell me!
Week 1: 12,9%
week 2: 3,08%
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Schermafbeelding 2017-12-08 om 18.29.50.png Size: 49 KB
Click to Enlarge Name: Schermafbeelding 2017-12-08 om 18.30.36.png Size: 18 KB
Click to Enlarge Name: Schermafbeelding 2017-12-08 om 18.45.40.png Size: 125 KB
"Luck is when opportunity meets preparation"
61 traders viewing now