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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

  • #35,021
  • Dec 19, 2017 10:20am Dec 19, 2017 10:20am
Quoting Mr. Pip
{quote} impossible to do both but maybe I can try
ok.
Since it is Friday before Xmas it will probably be a quite session. So it would make more sense to scalp.
  • #35,022
  • Dec 19, 2017 10:24am Dec 19, 2017 10:24am
I would like to hear your thought process on what causes you to swap to a scalping system.
Tight ranges on the 233? Consistent bounces between ranges?
  • #35,023
  • Dec 19, 2017 10:31am Dec 19, 2017 10:31am
Quoting bmdenton23
I would like to hear your thought process on what causes you to swap to a scalping system. Tight ranges on the 233? Consistent bounces between ranges?
Not really a switch, just having some fun with the immediate order flow that's all. In times when the market is not moving it would be a good option. Still love the 233T that is my baby and the longer term 1597T. I have long and intraday covered why not the immediate as well?
If you fail to plan, you plan to fail.
  • #35,024
  • Dec 19, 2017 10:34am Dec 19, 2017 10:34am
Did I just miss when the session is Friday?

Cheers!
  • #35,025
  • Dec 19, 2017 10:42am Dec 19, 2017 10:42am
This is today immediate trades the ATM is entry with 2 contracts 10 sl 10 tp then price hits +8 stop goes to +1. Made $75 so 7.5 points positive much better than yesterday but needs to be much better. Tomorrow is another day.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (144 Tick) 2017_12_19.png Size: 74 KB
If you fail to plan, you plan to fail.
  • #35,026
  • Dec 19, 2017 10:43am Dec 19, 2017 10:43am
Quoting Flatirons Fx
Did I just miss when the session is Friday? Cheers!
Friday we play together.
If you fail to plan, you plan to fail.
  • #35,027
  • Dec 19, 2017 10:53am Dec 19, 2017 10:53am
2nd trade.

Price reached my golden zone. Harmonic completion in the zone and ratio confluence. SOS 3.

Taking profit a little above long term structure. Harmonic completes there as well
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (233 Tick) 2017_12_19v3.png Size: 43 KB
  • #35,028
  • Dec 19, 2017 11:36am Dec 19, 2017 11:36am
Quoting RajD
2nd trade. Price reached my golden zone. Harmonic completion in the zone and ratio confluence. SOS 3. Taking profit a little above long term structure. Harmonic completes there as well {image}
Looking better, need to break 24750, this short term flow is wearing on my patience.
  • #35,029
  • Dec 19, 2017 11:38am Dec 19, 2017 11:38am
I bailed out on the short at +5. Was flipping between positive negative too much and very sideways. Have a job to do for now to keep the bills paid so I got out.
  • #35,030
  • Dec 19, 2017 12:00pm Dec 19, 2017 12:00pm
Took a conservative trade on NQ: Equivalent to +16 YM points. Enough for today.
Attached Image (click to enlarge)
Click to Enlarge Name: aaa.jpg Size: 363 KB
  • #35,031
  • Dec 19, 2017 12:08pm Dec 19, 2017 12:08pm
Quoting RajD
2nd trade. Price reached my golden zone. Harmonic completion in the zone and ratio confluence. SOS 3. Taking profit a little above long term structure. Harmonic completes there as well {image}
Got taken out -40

Long term played out.

Will also try not to take a trade closer to 12pm EST
  • #35,032
  • Dec 19, 2017 12:18pm Dec 19, 2017 12:18pm
Ugly day for me, came out +15 but with different contract sizing on 6 trades, ended up being a red day.
2nd consecutive red day.
The only thing that saved the day was hoping onto the runaway bear train this morning.

I'm getting into the habit of losing my first trade of the day and having to play catchup.

6 Trades
-14
+18
+29
+1
+20
-39
Total = +15
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 99 KB
  • #35,033
  • Dec 19, 2017 5:42pm Dec 19, 2017 5:42pm
Hey.

I am trying to catch up with this tread but i want to take my time so i get this right. Just one question.. i only trade Forex for now and as i look at the charts for the last couple of weeks its full of failures. And i cant really wrap my head around the movement. Any suggestions what should i do? i usually look at m5 and m15 charts...

Thanks in advance!
  • #35,034
  • Edited 10:34am Dec 20, 2017 7:04am | Edited 10:34am
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...
Hello MT4 Lovers:
As i promised, i have fixed the bugs,(as far as was able to test), improved the online tickchart indicator, to save and use a kind of history chart, i have also included another tool which gives you fibo retracement and fibo projection and pips movement on any trend line that you draw over an order flow, and also a template to work with them. Now you have all the necessary tools to trade like Damian on MT4 and have no more excuse.....
1)Copy indicators to indicator folder and template file to template folder, right click and select refresh.
2)Open a new chart of any symbol and any time frame(suggestion: for 233 tick,1-5 MIN is best), and apply the template.
3) As the program run it is writing a history bin file to the folder mql4\files\parviz\. the longer the program run it grows, so that it reaches a point which you will have at least 2 weeks of tick data,then on every Sunday, it will update itself not to grow too big.
3) If you don't want to have interruption in your tick data, the program should not be stopped.
4)Please use them, they are free, and be kind enough to just let me have your ideas and comments. At least send me a private message. (previous version was downloaded more than 40 times and i only had 2 feedback).
Attached File(s)
File Type: ex4 parviz trendfibv3.ex4   15 KB | 367 downloads
Attached File(s)
File Type: ex4 parviztickchartv3.ex4   14 KB | 349 downloads
Attached File(s)
File Type: tpl parviztick.tpl   42 KB | 325 downloads

PS: Be advised, any other common indicator (e.g.:RSI,MA), in an online chart, will use the information of the underlying time based bars (open,close high,low), not the tick bar.
  • #35,035
  • Dec 20, 2017 8:55am Dec 20, 2017 8:55am
Quoting parviz1953
{quote} Hello MT4 Lover: As i promised, i have fixed the bugs,(as far as was able to test), improved the online tickchart indicator, to save and use a kind of history chart, i have also included another tool which gives you fibo retracement and fibo projection and pips movement on any trend line that you draw over an order flow, and also a template to work with them. Now you have all the necessary tools to trade like Damian on MT4 and have no more excuse..... 1)Copy indicators to indicator folder and template file to template folder,...
Any suggestions for mt5 tick/volume bar chart? Thanks for your suggestions/time ! Jason
  • #35,036
  • Dec 20, 2017 9:09am Dec 20, 2017 9:09am
Longer term
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (1597 Tick) 2017_12_20.png Size: 45 KB
If you fail to plan, you plan to fail.
  • #35,037
  • Dec 20, 2017 9:12am Dec 20, 2017 9:12am
BE
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (1597 Tick) 2017_12_20.png Size: 45 KB
If you fail to plan, you plan to fail.
  • #35,038
  • Dec 20, 2017 9:33am Dec 20, 2017 9:33am
Got taken out at BE
If you fail to plan, you plan to fail.
  • #35,039
  • Dec 20, 2017 9:50am Dec 20, 2017 9:50am
Follow up on EURUSD H4:
Price just passed AB<=CD 1:1 harmonic (and 127% of AB leg )the Garttely pattern D point arrived at classical 78.6% of XA leg. and respected Daily channel boundaries .
I am waiting for confirmation By a rotational bar, to go short SL @1.1950, Limit @1.1800, BE @ 1.1830.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 42 KB

EdITED:
We have confirmation bar on M15, I entered SHORT.
  • #35,040
  • Dec 20, 2017 9:55am Dec 20, 2017 9:55am
Quoting parviz1953
Follow up on EURUSD H4: Price just passed AB<=CD 1:1 harmonic (and 127% of AB leg )the Garttely pattern D point arrived at classical 78.6% of XA leg. and respected Daily channel boundaries . I am waiting for confirmation By a rotational bar, to go short SL @1.1965, Limit @1.1800, BE @ 1.18300. {image}
That was a beautiful trade, parviz! Well called. I've been watching EUR/USD H4 (as well as several other H4 pairs) lately too. The harmonics have been amazing.
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