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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

  • #36,021
  • Jan 26, 2018 6:46am Jan 26, 2018 6:46am
Quoting AzizLight
Hindsight shows I need to check the longer term harmonics before trading everyday. On that note I wanted to know if any of you have a rule of thumb about entering at a particular point in a long term swing. On the chart, I entered the trade this morning in what was essentially the last 25% of the 1:1 completion to the upside on the longer swing. Do any of you have a percentage, etc, cutoff rule for when one should avoid entering a trade on the latter part of a longer term 1:1? Basically, looking back, even it this trade went in my favor if I took...
I had these same questions. the only reasons I entered long were, expectation and there was a little room to go before the 1:1.
Wow! I've got some experience to gain.
  • #36,022
  • Jan 26, 2018 6:47am Jan 26, 2018 6:47am
Aziz, my 2 cents, when I'm approaching 1:1 completions of the larger swing, or other areas of resistance, I'm only going to take A+ setups on the immediate swings instead of considering taking maybe B+ setups. I'm long right now on the YM, as we approach the top of a channel that's held on the last 3 attempts, but I felt like it was still a good setup, so I'm long. Will the channel hold, who knows, they fail all the time, but I felt like it was a good enough setup to take.
  • #36,023
  • Jan 26, 2018 6:49am Jan 26, 2018 6:49am
Quoting Lawnman
{quote} Copy that... over. {image}
Stopped +4
Wow! I've got some experience to gain.
  • #36,024
  • Jan 26, 2018 6:53am Jan 26, 2018 6:53am
+23. Got out to attend to work matters and leave my desk
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (233 Tick) 2018_01_26.png Size: 91 KB
  • #36,025
  • Jan 26, 2018 6:54am Jan 26, 2018 6:54am
Missed my entry on the first signal. Looking for another opp at around 413 if price can get there.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (233 Tick) 2018_01_26.png Size: 50 KB
If you fail to plan, you plan to fail.
  • #36,026
  • Jan 26, 2018 6:54am Jan 26, 2018 6:54am
Quoting csternfx
+23. Got out to attend to work matters and leave my desk {image}
The entry I missed talking to my group good job!
If you fail to plan, you plan to fail.
  • #36,027
  • Jan 26, 2018 6:55am Jan 26, 2018 6:55am
Damm, Being so occupied with USDJPY ...missed the setup on EURAUD
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 91 KB
veni vidi vici
  • #36,028
  • Jan 26, 2018 6:57am Jan 26, 2018 6:57am
Quoting Mr. Pip
{quote} The entry I missed talking to my group good job!
Thank you. Best month I've had so far. Didn't want to cut it early but can't babysit. Love this thread and the teachings within.
  • #36,029
  • Jan 26, 2018 7:11am Jan 26, 2018 7:11am
Short on the longer term on the ABCD
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (1597 Tick) 2018_01_26.png Size: 59 KB
If you fail to plan, you plan to fail.
  • #36,030
  • Jan 26, 2018 7:11am Jan 26, 2018 7:11am
Quoting csternfx
{quote} Thank you. Best month I've had so far. Didn't want to cut it early but can't babysit. Love this thread and the teachings within.
Awesome keep it up!
If you fail to plan, you plan to fail.
  • #36,031
  • Jan 26, 2018 7:14am Jan 26, 2018 7:14am
Quoting Mr. Pip
Short on the longer term on the ABCD {image}
I am also short
  • #36,032
  • Jan 26, 2018 7:15am Jan 26, 2018 7:15am
I did not realize it was Friday and I don't like to open longer term trades on Friday. I don't like holding entries over the weekend. I will see what I do with it. I might get out of it later on today.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (1597 Tick) 2018_01_26.png Size: 67 KB
If you fail to plan, you plan to fail.
  • #36,033
  • Jan 26, 2018 7:17am Jan 26, 2018 7:17am
Quoting csternfx
I would like to note I finally got my futures account to positive points. Started last September so almost 5 months in. September was a loser, October ended at 0 points exactly, November was a loser, December was positive, and January is even better then December. My demo activity from July and August 2017 was positive and not all surprised to stumble in live trading. November, however was a turning point. I went downhill quickly with mistake after mistake. It was like nothing I chose was right. It was as if I lost what I had learned so far and...
Where did you find a demo futures account with Ninja Trader that let you practice for so many months??? Most of the demo accounts that I have seen with Ninja Trader are for about two weeks.
Luck has no place in trading. Leave that for the poker table.
  • #36,034
  • Jan 26, 2018 7:20am Jan 26, 2018 7:20am
YM - long at 26425, didn't even hesitate in the face of massive bearish momentum.....
  • #36,035
  • Jan 26, 2018 7:23am Jan 26, 2018 7:23am
Quoting bmdenton23
YM - long at 26425, didn't even hesitate in the face of massive bearish momentum.....
Sorry, but hope that you are wrong (but anyway, my entry is now protected)
  • #36,036
  • Jan 26, 2018 7:24am Jan 26, 2018 7:24am
Quoting evocpr19
{quote} Sorry, but hope that you are wrong (but anyway, my entry is now protected)
Well that was a quick BE+1, I won't hesitate to go long again at the same spot if I get a good rotation.
  • #36,037
  • Jan 26, 2018 7:24am Jan 26, 2018 7:24am
Short YM at 440
Wow! I've got some experience to gain.
  • #36,038
  • Jan 26, 2018 7:25am Jan 26, 2018 7:25am
Quoting Pair-me-up
{quote} Where did you find a demo futures account with Ninja Trader that let you practice for so many months??? Most of the demo accounts that I have seen with Ninja Trader are for about two weeks.

he is on live
  • #36,039
  • Jan 26, 2018 7:25am Jan 26, 2018 7:25am
Quoting Mr. Pip
I did not realize it was Friday and I don't like to open longer term trades on Friday. I don't like holding entries over the weekend. I will see what I do with it. I might get out of it later on today. {image}
Not knowing it is Friday, that's only possible when you're a professional trader and you don't have a 9 to 5 job
I hope to also experience that one day
  • #36,040
  • Jan 26, 2018 7:26am Jan 26, 2018 7:26am
With all the news at the moment its to risky for me to trade forex, so early weekend for me,
Good luck to all who are in a trade.
veni vidi vici
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