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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

  • #34,981
  • Dec 18, 2017 10:22am Dec 18, 2017 10:22am
Quoting evocpr19
{quote} Price is not moving much.
I'm setting up an ATM to capture a hard 10 points. Almost every entry gave 10 points. and only a flat out 2 losing entries
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (144 Tick) 2017_12_18.png Size: 73 KB
If you fail to plan, you plan to fail.
  • #34,982
  • Dec 18, 2017 10:29am Dec 18, 2017 10:29am
Quoting Mr. Pip
{quote} I'm setting up an ATM to capture a hard 10 points. Almost every entry gave 10 points. and only a flat out 2 losing entries {image}
wow
  • #34,983
  • Dec 18, 2017 10:32am Dec 18, 2017 10:32am
My first ever YM entry.

Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (233 Tick) 2017_12_18.png Size: 85 KB
  • #34,984
  • Dec 18, 2017 10:35am Dec 18, 2017 10:35am
Quoting Mr. Pip
{quote} I'm setting up an ATM to capture a hard 10 points. Almost every entry gave 10 points. and only a flat out 2 losing entries {image}
ATM is this what tells you what the average points range is in a day?
  • #34,985
  • Dec 18, 2017 10:36am Dec 18, 2017 10:36am
Quoting gazd
My first ever YM entry. {image}
Great area to joint the longer term expectation. There is strength on both sides. I don't think the sellers are done yet.
If you fail to plan, you plan to fail.
  • #34,986
  • Dec 18, 2017 10:37am Dec 18, 2017 10:37am
another scalp short
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (144 Tick) 2017_12_18.png Size: 47 KB
If you fail to plan, you plan to fail.
  • #34,987
  • Dec 18, 2017 10:52am Dec 18, 2017 10:52am
-10
If you fail to plan, you plan to fail.
  • #34,988
  • Dec 18, 2017 10:53am Dec 18, 2017 10:53am
Moving stop here to protect capital.

Attached Image (click to enlarge)
Click to Enlarge Name: YM Protecting Capital 2017_12_18.png Size: 113 KB
  • #34,989
  • Dec 18, 2017 10:55am Dec 18, 2017 10:55am
Well had some fun scalping but it wasn't profitable for me today. I'll give it another shot with better rules. to see how it plays out tomorrow. I'll keep you all posted.
If you fail to plan, you plan to fail.
  • #34,990
  • Dec 18, 2017 11:15am Dec 18, 2017 11:15am
Quoting Mr. Pip
another scalp short {image}
This is beautiful
  • #34,991
  • Dec 18, 2017 11:17am Dec 18, 2017 11:17am
Quoting RajD
{quote} This is beautiful
Not so pretty today but it will be. I enjoyed it but have to clean it up quite a bit. Hard set rules and hard targets is the way to go.
If you fail to plan, you plan to fail.
  • #34,992
  • Dec 18, 2017 11:34am Dec 18, 2017 11:34am
Quoting Mr. Pip
{quote} Not so pretty today but it will be. I enjoyed it but have to clean it up quite a bit. Hard set rules and hard targets is the way to go.
I've already started looking into it...structure is respected religiously...so much more control
  • #34,993
  • Dec 18, 2017 12:14pm Dec 18, 2017 12:14pm
Quoting RajD
{quote} Long at 24847 The rotation candle at the 233T wasn't there but there was a rotation candle at the 144 tick.. looked legit plus price at my golden zone so took the trade {image}
Got taken out

-15
  • #34,994
  • Dec 18, 2017 12:19pm Dec 18, 2017 12:19pm
Quoting gazd
Moving stop here to protect capital. {image}
Taken out for +4
  • #34,995
  • Dec 18, 2017 1:04pm Dec 18, 2017 1:04pm
1 trade = -53
Still pretty happy with the trade, fighting the urge to gracefully exit when my reasons for getting in the trade were still mostly valid.
I do recognize that I had a deeper than expected pullback but it didn't seem to have terribly strong momentum.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 113 KB
  • #34,996
  • Dec 18, 2017 2:37pm Dec 18, 2017 2:37pm
Second entry for the day.

Attached Image (click to enlarge)
Click to Enlarge Name: YM T2 2017_12_18.png Size: 103 KB
  • #34,997
  • Dec 18, 2017 4:05pm Dec 18, 2017 4:05pm
Quoting evocpr19
{quote} ATM is this what tells you what the average points range is in a day?
Automatic Trade Manager.
Wow! I've got some experience to gain.
  • #34,998
  • Dec 18, 2017 4:07pm Dec 18, 2017 4:07pm
Quoting Mr. Pip
Not doing too well in the scalping down 17 points. Having fun doing it though. the issues are on the trade management side. would be profitable overall but mismanaged all my trades. I'll make this work as an alternative to those days when the market just is not moving. Maybe I'll do this on the live stream. If you all want.
Def. excited about the live stream and would like to hear about scalping method!
Wow! I've got some experience to gain.
  • #34,999
  • Dec 18, 2017 6:53pm Dec 18, 2017 6:53pm
Damian I know you were busy scalping that YM range today but would you care to discuss what kept you out of a long position after the pullback from 24896?
  • #35,000
  • Dec 18, 2017 7:17pm Dec 18, 2017 7:17pm
Quoting evocpr19
{quote} ATM is this what tells you what the average points range is in a day?
ATM strategies are to do with automatic targets and stops (can become complex if required ie trailing stops auto breakeven settings etc)

to find the average movement for a pair or instrument you need to use an indicator called ATR (Average True Range) standard settings are 14 (ie it will look over the last 14 candles) to find the atr for a day you apply the indicator to a daily chart

i have attached an image with an atr of 14 and another with an atr of 100 over 100 days the average for YM to move per day is currently 142 ticks

Hope this helps if its not clear feel free to ask and ill try to explain it better
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 14dayatr.png Size: 51 KB
Click to Enlarge Name: atrday100.png Size: 50 KB
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