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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

  • #35,081
  • Dec 21, 2017 9:34am Dec 21, 2017 9:34am
Quoting Mr. Pip
{quote} See it better now? {image}
So it also takes into account structure. Thats the part I missed.
  • #35,082
  • Dec 21, 2017 9:38am Dec 21, 2017 9:38am
I was looking more for this. However, I would have preferred it to get lower to get into the structure to the left.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (233 Tick) 2017_12_21.png Size: 38 KB
  • #35,083
  • Dec 21, 2017 9:41am Dec 21, 2017 9:41am
Quoting csternfx
{quote} So it also takes into account structure. Thats the part I missed.
It's the main component.
If you fail to plan, you plan to fail.
  • #35,084
  • Dec 21, 2017 9:43am Dec 21, 2017 9:43am
I've been focusing more on harmonic and fib alignment and neglecting structure because I often can't find it. Will work on it.
  • #35,085
  • Dec 21, 2017 9:44am Dec 21, 2017 9:44am
Damian, at this point do you quit looking for longs on YM? For instance the run on the YM doesn't have enough room to pullback, and then go another 1:1 before hitting 100% retracement of the longer term down swing?
  • #35,086
  • Dec 21, 2017 9:46am Dec 21, 2017 9:46am
Quoting csternfx
I was looking more for this. However, I would have preferred it to get lower to get into the structure to the left. {image}
There were some clues but impossible to get into in a post I will cover this in the stream.
If you fail to plan, you plan to fail.
  • #35,087
  • Dec 21, 2017 9:49am Dec 21, 2017 9:49am
Quoting bmdenton23
Damian, at this point do you quit looking for longs on YM? For instance the run on the YM doesn't have enough room to pullback, and then go another 1:1 before hitting 100% retracement of the longer term down swing?
I know our minds tell us the market has to be overbought and that the bears might be planning an attack but what is the expectation? How often does it play out? How long has this market been overbought and it keeps going and going and going. We must trade the expectation.
If you fail to plan, you plan to fail.
  • #35,088
  • Dec 21, 2017 9:53am Dec 21, 2017 9:53am
I can't wait till tomorrow. That live stream is going to be awesome I hope to get all of you there!!!
If you fail to plan, you plan to fail.
  • #35,089
  • Dec 21, 2017 9:56am Dec 21, 2017 9:56am
Long more expensive then I would have wanted but it's the area of interest and in line with my trade plan
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (233 Tick) 2017_12_21.png Size: 52 KB
If you fail to plan, you plan to fail.
  • #35,090
  • Dec 21, 2017 10:05am Dec 21, 2017 10:05am
This area should hold price should not fall below 27
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (233 Tick) 2017_12_21.png Size: 60 KB
If you fail to plan, you plan to fail.
  • #35,091
  • Dec 21, 2017 10:10am Dec 21, 2017 10:10am
Two good rotations in the area of interest. The bulls are defending but can they carry?
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (233 Tick) 2017_12_21.png Size: 59 KB
If you fail to plan, you plan to fail.
  • #35,092
  • Dec 21, 2017 10:15am Dec 21, 2017 10:15am
I got long at 841. see how we do
  • #35,093
  • Dec 21, 2017 10:19am Dec 21, 2017 10:19am
Quoting csternfx
I got long at 841. see how we do
Better price than me. Lets see the bears are trying. We must also understand that we are at a larger ratio exhaustion area and that will complicate thins as well ass give sellers a bit more confidence. It is a good area to buy. We just need to be patient. We have no control of what the market does. Rules are in play do nothing but wait.
If you fail to plan, you plan to fail.
  • #35,094
  • Dec 21, 2017 10:27am Dec 21, 2017 10:27am
Nice little trade yesterday:

Entry shot, before I took the trade, took the trade a couple of candles later
Attached Image (click to enlarge)
Click to Enlarge Name: GU 20-12-2017.png Size: 42 KB
"Luck is when opportunity meets preparation"
  • #35,095
  • Dec 21, 2017 10:31am Dec 21, 2017 10:31am
Quoting Sheeep44
Nice little trade yesterday: Entry shot, before I took the trade, took the trade a couple of candles later {image}
Nice!
If you fail to plan, you plan to fail.
  • #35,096
  • Dec 21, 2017 10:35am Dec 21, 2017 10:35am
Quoting parviz1953
Hello Traders: A potential Classical Gartley pattern at C point USDJPY H4 , B point at 61.8% of XA leg, C at 78.6 of AB leg ,expected extended AB<=CD ,for D to be at 127% of AB leg projection ,already have a good rotational Bar and now retesting , a very good opportunity with a perfect R/R ratio. Don't miss it, consider it as long term investment,even if you are a day trader, scale in with small lots gradually, so that, if it does not work out, you don't lose too much, and expect more than 150 pips of profit if it does . SL @10 pips above A point,...

I'm in. Just entered short @113.3890. Price was between the .886 and .786 of the AB leg, risk reward very attractive.

Do you find that ten pips above A is generally an adequate stop loss on the H4? I have been using larger stops.
  • #35,097
  • Dec 21, 2017 10:42am Dec 21, 2017 10:42am
I closed the trade at -4 so +29 points on the day see you all tomorrow at the stream!
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (233 Tick) 2017_12_21.png Size: 62 KB
If you fail to plan, you plan to fail.
  • #35,098
  • Dec 21, 2017 10:46am Dec 21, 2017 10:46am
Quoting Mr. Pip
I can't wait till tomorrow. That live stream is going to be awesome I hope to get all of you there!!!
Cant wait for the live...... Currently am reading price better. Thanks Damian
  • #35,099
  • Dec 21, 2017 11:11am Dec 21, 2017 11:11am
Quoting csternfx
I got long at 841. see how we do
Ended up closing out at +3. Just not going and late in my trading day. Back to real work
  • #35,100
  • Dec 21, 2017 11:14am Dec 21, 2017 11:14am
Quoting beepbop2015
{quote} I'm in. Just entered short @113.3890. Price was between the .886 and .786 of the AB leg, risk reward very attractive. Do you find that ten pips above A is generally an adequate stop loss on the H4? I have been using larger stops.
i just wanted to have some space above A, in case of a spike, and i don't want to risk more, you are doing fine, i believe it is not going to go higher than A. Some people uses Daily ATR(10 to 14 period), for range of price movement and put SL @ one ATR above and limit @ ATR*1.618 to 1.786 below price.
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