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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

  • #36,161
  • Jan 29, 2018 7:51am Jan 29, 2018 7:51am
Quoting civo
{quote} i took the trade but got taken out by a couple of points
Same. Feels good to lose on such a great winner. Needed 2 more points on my stop
  • #36,162
  • Jan 29, 2018 7:52am Jan 29, 2018 7:52am
Quoting Mr. Pip
Short not the best area but the RR is there {image}
So it pays of to take these kind of trades if R:R is good.
veni vidi vici
  • #36,163
  • Jan 29, 2018 7:55am Jan 29, 2018 7:55am
Quoting csternfx
{quote} Same. Feels good to lose on such a great winner. Needed 2 more points on my stop
At least you guys pulled the trigger. My earlier mistake combined with the three bull candles scared me off.
Wow! I've got some experience to gain.
  • #36,164
  • Jan 29, 2018 8:05am Jan 29, 2018 8:05am
Out of the longer term as well. Got out with 44 points on the averaged in with 90 contracts for $19,700. Very nice Monday
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (1597 Tick) 2018_01_29.png Size: 115 KB
If you fail to plan, you plan to fail.
  • #36,165
  • Jan 29, 2018 8:05am Jan 29, 2018 8:05am
Quoting mansan
{quote} So it pays of to take these kind of trades if R:R is good.
most definitely. we know that from Mr. Pip's previous comments that expectations of NSL/NSH play out about 70% of the time. A R:R of 1:3 (which is what was taken on this trade) only needs to work 25% of the time to BREAKEVEN. Anything above 25% calculates to having an "edge"/being profitable. Just looking at these two percentages alone clearly demonstrates the profitable nature of a system like this.

Obviously this is somewhat of a simplification as I'm not taking into account as to expectation failure upon deep retracements but you get the general idea
  • #36,166
  • Jan 29, 2018 8:11am Jan 29, 2018 8:11am
Quoting mansan
{quote} So it pays of to take these kind of trades if R:R is good.
Yes
If you fail to plan, you plan to fail.
  • #36,167
  • Jan 29, 2018 8:14am Jan 29, 2018 8:14am
Quoting waqz12345
{quote} most definitely. we know that from Mr. Pip's previous comments that expectations of NSL/NSH play out about 70% of the time. A R:R of 1:3 (which is what was taken on this trade) only needs to work 25% of the time to BREAKEVEN. Anything above 25% calculates to having an "edge"/being profitable. Just looking at these two percentages alone clearly demonstrates the profitable nature of a system like this. Obviously this is somewhat of a simplification as I'm not taking into account as to expectation failure upon deep retracements but you get...
Bread and butter
If you fail to plan, you plan to fail.
  • #36,168
  • Jan 29, 2018 8:16am Jan 29, 2018 8:16am
My trade today on YM.

Usually I don't split my positions but I saw a great opportunity on the 1597t chart for a 1:1 at the 61.8 fib so letting the second contract hit TP there.

Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (233 Tick) 2018_01_29.png Size: 100 KB
  • #36,169
  • Jan 29, 2018 8:17am Jan 29, 2018 8:17am
Quoting Mr. Pip
{quote} Bread and butter
I worked this weekend on the R:R and was looking for entries with at least 1:2 r:r and Then I noticed you've taken the same entry which was a nice confirmation for that I read the OF good. The hard work of this weekend is paying of imidiatly
  • #36,170
  • Jan 29, 2018 8:19am Jan 29, 2018 8:19am
Traders, Remember the live stream on the 6 of Feb. I can't wait!!!
If you fail to plan, you plan to fail.
  • #36,171
  • Jan 29, 2018 8:21am Jan 29, 2018 8:21am
Short YM at 466
Wow! I've got some experience to gain.
  • #36,172
  • Jan 29, 2018 8:23am Jan 29, 2018 8:23am
Quoting Lawnman
Short YM at 466
Not my day, SL hit.
Wow! I've got some experience to gain.
  • #36,173
  • Jan 29, 2018 8:25am Jan 29, 2018 8:25am
Quoting Lawnman
Short YM at 466
I had one of those day a few times last week. No big deal. Clean it up and move on. That was a good traded that failed. I almost took it myself.
If you fail to plan, you plan to fail.
  • #36,174
  • Jan 29, 2018 8:26am Jan 29, 2018 8:26am
Out with +134 today on the 233t
Currently long on the 1597t.


Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (1597 Tick) 2018_01_29.png Size: 118 KB
  • #36,175
  • Jan 29, 2018 8:28am Jan 29, 2018 8:28am
Quoting Mr. Pip
{quote} I had one of those day a few times last week. No big deal. Clean it up and move on. That was a good traded that failed. I almost took it myself.
I almost took it too, but I had just drawn my box above it and told myself I wasn't going to draw my box above it, and then turn around 2 seconds later and take the trade.
  • #36,176
  • Jan 29, 2018 8:28am Jan 29, 2018 8:28am
Quoting Mr. Pip
{quote} I had one of those day a few times last week. No big deal. Clean it up and move on. That was a good traded that failed. I almost took it myself.
Thank you, def. good to here!
Edit: hear
Wow! I've got some experience to gain.
  • #36,177
  • Jan 29, 2018 8:34am Jan 29, 2018 8:34am
Quoting Lawnman
{quote} Not my day, SL hit.
It's a good place to get into a long for the longer term expectation we practically had a 1:1 completing into the 61.8 and structure. Many buyers would feel more comfortable getting long here.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (1597 Tick) 2018_01_29.png Size: 56 KB
If you fail to plan, you plan to fail.
  • #36,178
  • Jan 29, 2018 8:43am Jan 29, 2018 8:43am
Had a pretty good morning.

-35, +40, +44
Total = +49

I was a bonehead on my first trade and failed to wait for price to get up into the pretty little box I had drawn. Got stopped out but still looking for shorts.

Second worked out better. It got to structure and I locked in BE +10. The retracement after it made the NSL freaked me out a little and I just couldn't bear to leave points on the table in case it wasn't going to push down to the 127 (I think it got within 10 pts or so) so I moved the stop above structure and got taken out.

Third trade off a retest with what appeared to me to be weak bulls (little candles, upper wicks). Yes, it broke a little above the last NSH but with the good rotation and great R:R with a small stop and I jumped in to ride it down. Aggressively trailed at 127, got stopped, and went to an early lunch with wife.
Attached Image (click to enlarge)
Click to Enlarge Name: Today.png Size: 52 KB
  • #36,179
  • Jan 29, 2018 8:44am Jan 29, 2018 8:44am
Quoting Prock
Out with +134 today on the 233t Currently long on the 1597t. {image}
Very Nice Prock!
If you fail to plan, you plan to fail.
  • #36,180
  • Jan 29, 2018 8:46am Jan 29, 2018 8:46am
Quoting AzizLight
Had a pretty good morning. -35, +40, +44 Total = +49 I was a bonehead on my first trade and failed to wait for price to get up into the pretty little box I had drawn. Got stopped out but still looking for shorts. Second worked out better. It got to structure and I locked in BE +10. The retracement after it made the NSL freaked me out a little and I just couldn't bear to leave points on the table in case it wasn't going to push down to the 127 (I think it got within 10 pts or so) so I moved the stop above structure and got taken out. Third trade...
Nice! Great trading and reading.
If you fail to plan, you plan to fail.
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