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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

  • #34,801
  • Dec 11, 2017 7:23am Dec 11, 2017 7:23am
MY Gold trade (equivalent to +30 YM points)
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  • #34,802
  • Dec 11, 2017 7:32am Dec 11, 2017 7:32am
Quoting Lawnman
{quote} ATM looks like that was a smart move to bag some points.
I could have left a big bag on the table too. I would have trailed regardless though and locked in probably 35, but after the blow to the account last week it made sense to me to protect my trading funds so I can continue.
  • #34,803
  • Edited 6:25pm Dec 11, 2017 7:53am | Edited 6:25pm
Took Long EURUSD in expectation of a NSH and AB=CD up...lets see how it pans...

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Update: Lost few pips on this trade
https://www.tradingview.com/chart/EURUSD/qwzVre9Y-EURUSD-Long/

Mr Pip, How could have I avoided this trade. The reasons I took the trade:

  1. Strong move up after a staggering for quite a while. Volume going up was strong.
  2. Because of the strength, I expected a 50-618 retracement and then a NSH.
  3. Good Projection, Great Momentum.

After I entered the trade, was there a way, I could have exited better instead of waiting for SL to hit...OR hitting the SL is the only way out.

Thanks a lot.

Brrand

  • #34,804
  • Dec 11, 2017 8:00am Dec 11, 2017 8:00am
Quoting arc001
{quote} moving to be at test of high. {image}
stopped at be
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  • #34,805
  • Dec 11, 2017 8:07am Dec 11, 2017 8:07am
Quoting arc001
{quote} stopped at be {image}
Did you quit your trade from last week (this trade was a new entry) ?
How did you manage your last trade, did you at lower price? (I am asking because I never trade such huge swings )
  • #34,806
  • Dec 11, 2017 8:11am Dec 11, 2017 8:11am
Quoting evocpr19
{quote} Did you quit your trade from last week (this trade was a new entry) ?
The T1597 (long term) trade is still running. The T233 trade got stopped on that day itself. Thanks.

I took a full loss of 90 pts on the T233 trade.
  • #34,807
  • Edited 11:13am Dec 11, 2017 8:22am | Edited 11:13am
Quoting arc001
{quote} The T1597 (long term) trade is still running. The T233 trade got stopped on that day itself. Thanks. I took a full loss of 90 pts on the T233 trade.
Was not aware of your 233 trade where you took the loss.

Thank you for the reply
  • #34,808
  • Dec 11, 2017 1:49pm Dec 11, 2017 1:49pm
Today I came to trade the market during the afternoon session and basically spent the time to play defense. Well, sometimes days like today happen.
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Always trade your own plan...I don't provide trading signals.
  • #34,809
  • Dec 11, 2017 4:16pm Dec 11, 2017 4:16pm
Looking for a NSH on YM 89tick chart, early Asia session.
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  • #34,810
  • Dec 11, 2017 5:18pm Dec 11, 2017 5:18pm
Quoting Mr. Pip
We are between contracts now. I think I will be trading the 03-18 expiration since it seems to have more data. it has shitty history though but I guess I can't be too picky.
I am having problems getting historical tick data. I use Ninja with IB and all I get is tick data from the time I start up a contract (no historical) so who is your broker that supplies your data.

I have been following this forum and YourTube channel for years now, and can only echo the sentiments of others with regards to your teaching ability, patience, and unselfish attitude.
  • #34,811
  • Dec 11, 2017 5:28pm Dec 11, 2017 5:28pm
Quoting HungryHound
{quote} I am having problems getting historical tick data. I use Ninja with IB and all I get is tick data from the time I start up a contract (no historical) so who is your broker that supplies your data. I have been following this forum and YourTube channel for years now, and can only echo the sentiments of others with regards to your teaching ability, patience, and unselfish attitude.
Need to pay extra to get a "tick data" package.

https://www.interactivebrokers.com/en/index.php?f=14193

https://ninjatrader.com/support/helpGuides/nt7/?historical_data.htm

https://ninjatrader.com/support/helpGuides/nt8/en-us/
  • #34,812
  • Dec 11, 2017 7:41pm Dec 11, 2017 7:41pm
Just ticked above to make a new structure high but not close to 127 so holding on at breakeven.
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  • #34,813
  • Edited 8:31pm Dec 11, 2017 8:01pm | Edited 8:31pm
Hi Traders:
As you might know, metatrader 4, does not have any option for thick chart, For the past month i have tried to find a indicator that can generate an on line tick bar chart, most of them were either drawing a line tick chart in a subwindow ,or form an offline chart, with none of them you can trade on the chart in real time ,and a very few which gives you this ability are not free, so i have tried to write one for myself, and it took about 2 weeks to develop and test it , i am not saying that it is perfect, and i am not claiming that it is totally bug free, but please those who love mt4 and are using it, try my indicator freely, and just pay me back with thier comments and ideas .

I would like to dedicate this work, as my share of contribution, to this thread and Damian who i have learned a lot from .

1)Open your Data folder in MT4 terminal and copy the indicator to indicator folder and the template to template one.
2)Open Navigator window(CTR-N), right click and press refresh.
3)Open a new chart, any time frame will work, but the larger Tick-per-bar that you choose you need a higher TF(my suggestion is M1 or M5 time frame for 233 thick chart).
4)Load the template into the chart, and enter tick-per-bar value in the input window of the indicator, now you enjoy an online thick chart.
Attached File(s)
File Type: tpl parviztick.tpl   10 KB | 349 downloads

Attached File(s)
File Type: ex4 parviztickchartv2.ex4   11 KB | 359 downloads


The picture showes what it look like when you let it run for sometimes, you may test it in tester too.
You may optionally turn off the background line chart by setting its color to "none", in properties window of the chart.
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  • #34,814
  • Dec 12, 2017 1:37am Dec 12, 2017 1:37am
Quoting parviz1953
Hi Traders: As you might know, metatrader 4, does not have any option for thick chart, For the past month i have tried to find a indicator that can generate an on line tick bar chart, most of them were either drawing a line tick chart in a subwindow ,or form an offline chart, with none of them you can trade on the chart in real time ,and a very few which gives you this ability are not free, so i have tried to write one for myself, and it took about 2 weeks to develop and test it , i am not saying that it is perfect, and i am not claiming that it...
Thanks alot mate, what happens once you switch off the metratrader and load it back? Will it print the missing candles based on historical data?
Detach yourself from the value of money - Mr. Pip
  • #34,815
  • Dec 12, 2017 2:45am Dec 12, 2017 2:45am
Quoting Supreme1394
{quote} Thanks alot mate, what happens once you switch off the metratrader and load it back? Will it print the missing candles based on historical data?
No not now , might add to it in future versions...
  • #34,816
  • Dec 12, 2017 4:58am Dec 12, 2017 4:58am
Quoting parviz1953
Hi Traders: As you might know, metatrader 4, does not have any option for thick chart, For the past month i have tried to find a indicator that can generate an on line tick bar chart, most of them were either drawing a line tick chart in a subwindow ,or form an offline chart, with none of them you can trade on the chart in real time ,and a very few which gives you this ability are not free, so i have tried to write one for myself, and it took about 2 weeks to develop and test it , i am not saying that it is perfect, and i am not claiming that it...
Thank you Parviz, will give it a go
  • #34,817
  • Dec 12, 2017 5:13am Dec 12, 2017 5:13am
Quoting arc001
Long YM on long term (T1597) {image}
Going to BE at test of structure and fomc tomm.
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  • #34,818
  • Dec 12, 2017 6:31am Dec 12, 2017 6:31am
Quoting HungryHound
{quote} I am having problems getting historical tick data. I use Ninja with IB and all I get is tick data from the time I start up a contract (no historical) so who is your broker that supplies your data. I have been following this forum and YourTube channel for years now, and can only echo the sentiments of others with regards to your teaching ability, patience, and unselfish attitude.
Hello, Thank you for your kind words. I use Dorman but believe the data comes from the same place. I use to have an IB account and often had problems. The interface between IB and Ninja is not the best IMHO every time I did a Java update it would screw things up and would have to get Ninja to remote in and fix it. Send platform support and email they will get you going again.
If you fail to plan, you plan to fail.
  • #34,819
  • Dec 12, 2017 6:57am Dec 12, 2017 6:57am
Long YM
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If you fail to plan, you plan to fail.
  • #34,820
  • Dec 12, 2017 7:01am Dec 12, 2017 7:01am
Update on trade.
Attached Image (click to enlarge)
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If you fail to plan, you plan to fail.
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