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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

  • #35,421
  • Jan 9, 2018 11:04am Jan 9, 2018 11:04am
Quoting bmdenton23
Done for the day. 1 Overnight trade = +54 3 IntraDay trades, +1, +25, +47 ------------------------------------------- Total: +127 {image}
Very nice!!!!!!!
If you fail to plan, you plan to fail.
  • #35,422
  • Jan 9, 2018 11:06am Jan 9, 2018 11:06am
Locked in 100 point since I have to leave and won't be here to manage the trade up 138 point at present
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (1597 Tick) 2018_01_09.png Size: 72 KB
If you fail to plan, you plan to fail.
  • #35,423
  • Jan 9, 2018 11:10am Jan 9, 2018 11:10am
Quoting SidE1
{quote} WOW. What were the reasons for your entry at that particular point Damian?
I entered the market off of an expectation of a shallow to mid correction so when I was looking at the 233 saw the buyers piling in and so I entered with the goal to scale in but price did not give me the chance to do that. Not complaining.
If you fail to plan, you plan to fail.
  • #35,424
  • Jan 9, 2018 11:12am Jan 9, 2018 11:12am
I'll update you all later on in the day have to step out. Today was fun! wish you all were a bit more active but it's fine.
If you fail to plan, you plan to fail.
  • #35,425
  • Jan 9, 2018 12:58pm Jan 9, 2018 12:58pm
Damian, I was very active on my charts. Traded the whole portofolio.
YM was +3, +24, +18
Took today also on NQ: +15, +9, +47, +5 ticks and a loss of -10 ticks on Gold.

My problem today was that my initial long setup was a move of 98 ticks. Target would have been achieved. However, price was very long ranging and testing the lows, so had to adapt somehow and to life with what I get. I cannot let and do not want to let the chart run without me in front of the screen.

However, profit curve is pointing in the right direction:
Attached Image (click to enlarge)
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  • #35,426
  • Jan 9, 2018 12:59pm Jan 9, 2018 12:59pm
The last couple of weeks I didn't have much time to day trade, so also decided to put some time into swing trading, mostly 15m/30m and 1h charts.
If any1 want to get some ideas for swing trades, be my guest and check it out here: https://www.tradingview.com/u/xMatty44/
Don't want to post them all up here haha.

Thanks!
"Luck is when opportunity meets preparation"
  • #35,427
  • Jan 9, 2018 1:12pm Jan 9, 2018 1:12pm
Quoting evocpr19
Damian, I was very active on my charts. Traded the whole portofolio. YM was +3, +24, +18 Took today also on NQ: +15, +9, +47, +5 ticks and a loss of -10 ticks on Gold. My problem today was that my initial long setup was a move of 98 ticks. Target would have been achieved. However, price was very long ranging and testing the lows, so had to adapt somehow and to life with what I get. I cannot let and do not want to let the chart run without me in front of the screen. However, profit curve is pointing in the right direction: {image}
Nice one!
"Luck is when opportunity meets preparation"
  • #35,428
  • Jan 9, 2018 1:36pm Jan 9, 2018 1:36pm
Quoting Mr. Pip
Locked in 100 point since I have to leave and won't be here to manage the trade up 138 point at present {image}
Nice trade Damian,
Watched most of your videos on youtube and this is the classic setup. The market is trending upward, so you develop an area of interest with a confluence of immediate structure and fibonacci retracement ratios from the main swing. You then develop expectation from structure, order flow analysis, supply/demand and bar by bar. you entered on a rotation candle on the 50% fib. ret. Stop lost plat 10 points below the main swing low, then move stop loss to B.E + 5 points then trail at structure. did a fib extension and expectation of exhaustion is 127% level. correct me if i'm wrong.
Patrick
  • #35,429
  • Jan 9, 2018 1:39pm Jan 9, 2018 1:39pm
Quoting Sheeep44
{quote} Nice one!
Thank you
  • #35,430
  • Jan 9, 2018 2:41pm Jan 9, 2018 2:41pm
An update on the trade
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (1597 Tick) 2018_01_09.png Size: 71 KB
If you fail to plan, you plan to fail.
  • #35,431
  • Jan 9, 2018 2:57pm Jan 9, 2018 2:57pm
Man.....that's impressive, Mr. Pip !
70% expectancy rate with proper SL placement.
  • #35,432
  • Jan 9, 2018 3:01pm Jan 9, 2018 3:01pm
Today's trades. Don't have time to add a lot of comment.

EURUSD was trading a correction from a zone with a lot of confluence of fib extensions and harmonics and long term 38.2% fib level.
Didn't work out. -28 euro
Attached Image (click to enlarge)
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USDJPY
-10 euro, +33 euro, +16 euro
Attached Image (click to enlarge)
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Today's balance is +11 euro, +1.1% account
Better than nothing
  • #35,433
  • Jan 9, 2018 3:11pm Jan 9, 2018 3:11pm
Quoting Mr. Pip
An update on the trade {image}
Fantastic Damian and inspiring!
I got 11 euro today!
  • #35,434
  • Jan 9, 2018 9:22pm Jan 9, 2018 9:22pm
Quoting evocpr19
Damian, I was very active on my charts. Traded the whole portofolio. YM was +3, +24, +18 Took today also on NQ: +15, +9, +47, +5 ticks and a loss of -10 ticks on Gold. My problem today was that my initial long setup was a move of 98 ticks. Target would have been achieved. However, price was very long ranging and testing the lows, so had to adapt somehow and to life with what I get. I cannot let and do not want to let the chart run without me in front of the screen. However, profit curve is pointing in the right direction: {image}

Congrats Congrats
  • #35,435
  • Jan 10, 2018 8:15am Jan 10, 2018 8:15am
My trades today: YM +42, NQ +27 ticks
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  • #35,436
  • Jan 10, 2018 8:21am Jan 10, 2018 8:21am
Intraday is down
Short term is up
What i like to see is the short term align itself with intraday then ill be looking for shorts
Lets see what the market opening brings
Attached Image (click to enlarge)
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  • #35,437
  • Jan 10, 2018 9:07am Jan 10, 2018 9:07am
short
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  • #35,438
  • Jan 10, 2018 9:12am Jan 10, 2018 9:12am
Quoting civo
short {image}
SL hit -35
  • #35,439
  • Jan 10, 2018 9:43am Jan 10, 2018 9:43am
A took another trade. I reduced risk by scaling in and out. Then I let price run with 1 lot.
Attached Image (click to enlarge)
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  • #35,440
  • Edited 10:28am Jan 10, 2018 10:08am | Edited 10:28am
Last trade on YM for today (1:1) +33
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