Ratios & Harmonics: a Different Way to Trade | Page 1780 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

"Ratios & Harmonics: a Different Way to Trade." Summary 37 replies

Learning to trade with harmonics 11 replies

Time for Change - Pivots & Harmonics to freedom 67 replies

180 reasons to trade Harmonics and Patterns 13 replies

Group Trading based on Elliott wave and Harmonics 0 replies

Attachments: Ratios & Harmonics: a Different Way to Trade
Exit Attachments

Ratios & Harmonics: a Different Way to Trade

  • #35,581
  • Jan 17, 2018 10:35am Jan 17, 2018 10:35am
Quoting csternfx
I captured YM +26 on a short earlier. Triple bottom at 853 and NSH made the 870s entries off the 78.6 seem very safe. Too bad I was in a meeting and missed it. I probably would have been taken out at +3 anyway with how many times it pulled back.
Have rules and step out of the retail mentality of triple and double this or that. They are areas of structure.
If you fail to plan, you plan to fail.
  • #35,582
  • Jan 17, 2018 10:39am Jan 17, 2018 10:39am
Hello all,
I discovered this thread over the holiday period and spent some time going through all the posts and videos. Thank you very much Damian for sharing your knowledge and time.

Just installed Ninja Trader and had my first session of (demo) trading today.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (1).png Size: 62 KB


1. +29
2. +27
3. +14
4. -19
5. +47

My main 'indecision area' - where I felt like I was making a judgement vs trading mechanically - has been when to move to BE. I will review the videos on this but wondered whether any of you have the urge to move to BE too soon, and what strategies you use to fight this.

It is only demo but encouraging nonetheless. I know not all days will be like this!

Cheers!
  • #35,583
  • Jan 17, 2018 10:40am Jan 17, 2018 10:40am
Quoting Mr. Pip
crickets
I here crickets from YM now, I guess it's lunchtime, catch y'all later.
Wow! I've got some experience to gain.
  • #35,584
  • Jan 17, 2018 10:54am Jan 17, 2018 10:54am
Quoting SueLowe
Hello all, I discovered this thread over the holiday period and spent some time going through all the posts and videos. Thank you very much Damian for sharing your knowledge and time. Just installed Ninja Trader and had my first session of (demo) trading today. {image} 1. +29 2. +27 3. +14 4. -19 5. +47 My main 'indecision area' - where I felt like I was making a judgement vs trading mechanically - has been when to move to BE. I will review the videos on this but wondered whether any of you have the urge to move to BE too soon, and what strategies...
Kick ass!
If you fail to plan, you plan to fail.
  • #35,585
  • Jan 17, 2018 11:12am Jan 17, 2018 11:12am
Quoting Mr. Pip
{quote} Have rules and step out of the retail mentality of triple and double this or that. They are areas of structure.
Thanks. I suppose I worded that incorrectly. In my mind, its an area buyers were defending. Since they kept defending at that point and produced a NSH, the expectation became we were heading higher.

My short trade was into the area the buyers were defending so I placed a TP at structure knowing I couldn't watch it due to work.
  • #35,586
  • Jan 17, 2018 11:17am Jan 17, 2018 11:17am
Could some one help me.I download demo account & try to log in.But there is no feed either forex or YM charts.Could some one help me to get the connection please.


Attached Image (click to enlarge)
Click to Enlarge Name: nin.png Size: 46 KB
  • #35,587
  • Jan 17, 2018 11:25am Jan 17, 2018 11:25am
Quoting piphunter123
Could some one help me.I download demo account & try to log in.But there is no feed either forex or YM charts.Could some one help me to get the connection please. {image}
I don't think you get forex data with the continuum demo.
And for YM, I think you need to update your database.
Go to Tools --> Database Management
There you can update YM data

Hope this helps
  • #35,588
  • Jan 17, 2018 11:31am Jan 17, 2018 11:31am
+53 for the morning.

I'm finding I'm a little skiddish and quick to move to BE +5. I think much of this has to do with being a bit underfunded and not wanting to go in the red if at all possible to avoid it. Second trade had me taken out on a tail to the previous HL where I had my stop. I jumped back on what seemed a really good rotation candle with the risk level still within my comfort zone and an expectation still intact for 1:1. So I ended up doubling up unnecessarily on broker fees but it all worked out.

This morning was tough as lots of activity at our house. In laws are visiting as their house is being painted and our 8 year old was home from school due to snow. I'm finding I better set up my own little cubby hole and time frame in which to trade without distractions or just skip trading all together that day for the sake of keeping peace in the valley.

Brent
Attached Image (click to enlarge)
Click to Enlarge Name: 1 17 Morning.png Size: 48 KB
  • #35,589
  • Jan 17, 2018 11:36am Jan 17, 2018 11:36am
Got tired of constantly having to refresh this page, found a Chrome extension: https://chrome.google.com/webstore/detail/easy-auto-refresh/aabcgdmkeabbnleenpncegpcngjpnjkc?utm_source=chrome-app-launcher-info-dialog

Automatically refreshes the page at set interval, and doesn't refresh while I'm posting.
  • #35,590
  • Jan 17, 2018 11:44am Jan 17, 2018 11:44am
5 Trades
3 Winners: +24, +32, +22
1 Loser: -23
1 B/E: +1
--------------------------------------
Total: +56
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 114 KB
  • #35,591
  • Jan 17, 2018 11:54am Jan 17, 2018 11:54am
Quoting PeterT
{quote} I don't think you get forex data with the continuum demo. And for YM, I think you need to update your database. Go to Tools --> Database Management There you can update YM data Hope this helps

Thanks peter.Finally it start to work I guess.Really appreciate it.

Cheers.
  • #35,592
  • Jan 17, 2018 12:04pm Jan 17, 2018 12:04pm
Probably last trade for today: NQ +41 ticks Could not enter earlier, since I was driving home.
Attached Image (click to enlarge)
Click to Enlarge Name: aaab.jpg Size: 370 KB
  • #35,593
  • Jan 17, 2018 12:21pm Jan 17, 2018 12:21pm
I did some testing today on the Minidax 13tick, really fast so a great test to decide under pressure of time. I should haved used the papertrade function instead but I will do that tomorrow. 8 trades 2 losers and total of 132 points.
Attached Image (click to enlarge)
Click to Enlarge Name: FDXM 03-18 (13 Tick) 2018_01_17.png Size: 111 KB
  • #35,594
  • Jan 17, 2018 12:32pm Jan 17, 2018 12:32pm
I see a lot of profitable trading. Happy to see you all owning the process. Well done!
If you fail to plan, you plan to fail.
  • #35,595
  • Jan 17, 2018 2:37pm Jan 17, 2018 2:37pm


Did +42 on Ym though.
Attached Image (click to enlarge)
Click to Enlarge Name: Schermafbeelding 2018-01-17 om 21.32.20.png Size: 105 KB
"Luck is when opportunity meets preparation"
  • #35,596
  • Jan 17, 2018 2:44pm Jan 17, 2018 2:44pm
Quoting Sheeep44
{image}
Sheeep I also had my finger on the trigger for this one but I hesitated.
Afterwards I saw this HAHA
It's hard to not feel some frustration about it

But I comfort myself with the thought that I COULD have had it, and similar opportunities will come in the near future

EDIT: I think I realize now that your stop was hit by a pip or so? I thought you missed the trade like me. Your emotions are probably even worse then
  • #35,597
  • Jan 17, 2018 2:53pm Jan 17, 2018 2:53pm
Quoting SueLowe
Hello all, I discovered this thread over the holiday period and spent some time going through all the posts and videos. Thank you very much Damian for sharing your knowledge and time. Just installed Ninja Trader and had my first session of (demo) trading today. {image} 1. +29 2. +27 3. +14 4. -19 5. +47 My main 'indecision area' - where I felt like I was making a judgement vs trading mechanically - has been when to move to BE. I will review the videos on this but wondered whether any of you have the urge to move to BE too soon, and what strategies...
Congrats. Very nice results.

Could you please highlight were you SL for each trade was approximately?
  • #35,598
  • Jan 17, 2018 2:53pm Jan 17, 2018 2:53pm
Quoting PeterT
{quote} Sheeep I also had my finger on the trigger for this one but I hesitated. Afterwards I saw this HAHA It's hard to not feel some frustration about it But I comfort myself with the thought that I COULD have had it, and similar opportunities will come in the near future
Haha I know buddy, it is hard sometimes. Thinking about trading YM CFD's for a while, see how that pans out. The trades I take are all 'good' and shouldn't of allowed to get this kind of drawdown, again, same as last week..
"Luck is when opportunity meets preparation"
  • #35,599
  • Jan 17, 2018 4:38pm Jan 17, 2018 4:38pm
Quoting evocpr19
{quote} Congrats. Very nice results. Could you please highlight were you SL for each trade was approximately?
Sure.

1 & 2 were corrections into structure / the golden zone of the previous swing, so stops were placed above the high of previous swing.

3 & 4 were entered based on my continued expectation for a new structure low, even though the retracement was nearly 100%. In these case I placed the stop 20 points above entry as Damian does (which stopped me out on 4).

5 was entered on the basis that it was a correction from the powerful expectation failure / new structure high that stopped me out of 4, so my stop was placed below that previous swing low (about 25850 I think).
  • #35,600
  • Jan 17, 2018 5:00pm Jan 17, 2018 5:00pm
Quoting SueLowe
{quote} Sure. 1 & 2 were corrections into structure / the golden zone of the previous swing, so stops were placed above the high of previous swing. 3 & 4 were entered based on my continued expectation for a new structure low, even though the retracement was nearly 100%. In these case I placed the stop 20 points above entry as Damian does (which stopped me out on 4). 5 was entered on the basis that it was a correction from the powerful expectation failure / new structure high that stopped me out of 4, so my stop was placed below that previous swing...
Thank you
7 traders viewing now