Ratios & Harmonics: a Different Way to Trade | Page 1810 | 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

  • #36,181
  • Jan 29, 2018 10:55am Jan 29, 2018 10:55am
Quoting Mr. Pip
{quote} Very Nice Prock!

Thank you! That means a lot.
  • #36,182
  • Jan 29, 2018 11:07am Jan 29, 2018 11:07am
Quoting Mr. Pip
{quote} Nice! Great trading and reading.
Thanks!
  • #36,183
  • Jan 29, 2018 11:08am Jan 29, 2018 11:08am
Oh well, crappy day -21,-20, but I'll be back! Muahahaha

Good luck whoever is sticking around.
Wow! I've got some experience to gain.
  • #36,184
  • Edited 1:05pm Jan 29, 2018 12:30pm | Edited 1:05pm
Quoting Mr. Pip
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 {image}
I am very surprised in terms of money management, that you moved your initial SL (initial stop was 26535) and let price run over 200 points with respect to your entry on 30 lots against you. Then you added 60 lots in nomans land with the hope that price would turn at the 5th. harmonic wave.

Maybe, I miss something.
  • #36,185
  • Jan 29, 2018 1:10pm Jan 29, 2018 1:10pm
Quoting evocpr19
My YM trade: +34 {image}
Evo you did superb, I was sitting and sweating on the pain train for a while
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (233 Tick) 1_29_2018.jpg Size: 200 KB
Always trade your own plan...I don't provide trading signals.
  • #36,186
  • Jan 29, 2018 1:15pm Jan 29, 2018 1:15pm
Quoting Coreg2004
{quote} Evo you did superb, I was sitting and sweating on the pain train for a while {image}
Thank you.

Nice to read something from you.
  • #36,187
  • Jan 29, 2018 1:49pm Jan 29, 2018 1:49pm
Quoting evocpr19
{quote} I am very surprised in terms of money management, that you moved your initial SL (initial stop was 26535) and let price run over 200 points with respect to your entry on 30 lots against you. Then you added 60 lots in nomans land with the hope that price would turn at the 5th. harmonic wave. Maybe, I miss something.
The market had been very harmonically balanced on the short term order flow on the 1597 T chart that is the order flow I use to scale into my entries. Lately I have not had the opportunity to scale in because the market has not given me opportunities to do so moving in favor on my first entry.

The market was working towards longer term harmonic and ratio exhaustion but it was quite a ways away from my initial entry. Since the market was balanced on the shorter term I took the entry looking for some points prior to that area I was targeting. I overlooked the fact that it was Friday and entered short. My stop was initially placed in the correct place and the markets kept climbing against my position. I knew I would have to take on the pain train and suck on it until price got to where that longer term AOI was. By adding in there and with 60 contracts offered a much better average in price considering where my first entry was. The only shitty part was that this happened Friday afternoon and now I had to pull that trigger and hold 90 contracts over the weekend. This was not fun but it was what it was.

My stop was where it should be above the 161 of that longer term ABCD and the market responded. Price kept messing with me all morning until it finally sold off.

I managed my trade very very carefully as projection was excellent and I wasn’t sure price was going to go to the 61.8 of the pattern. I got to a BE on the 38 of the main swing and got aggressive on the trail once price got to the 61.8 of the same swing. In the end it worked out well and I was able to not take as much as I want but almost 20K is a nice payday. If I need to show you a chart let me know. Will be happy to do so.
If you fail to plan, you plan to fail.
  • #36,188
  • Jan 29, 2018 1:58pm Jan 29, 2018 1:58pm
Quoting Mr. Pip
{quote} The market had been very harmonically balanced on the short term order flow on the 1597 T chart that is the order flow I use to scale into my entries. Lately I have not had the opportunity to scale in because the market has not given me opportunities to do so moving in favor on my first entry. The market was working towards longer term harmonic and ratio exhaustion but it was quite a ways away from my initial entry. Since the market was balanced on the shorter term I took the entry looking for some points prior to that area I was targeting....
Thank you for the explanation.
  • #36,189
  • Jan 29, 2018 3:21pm Jan 29, 2018 3:21pm
Quoting evocpr19
{quote} Thank you for the explanation.
No problem would be happy to provide a chart if anyone needs a visual. I just don’t want anyone taking on excess risk. We have not discussed these kinds of trades and would not want anyone over extending or over leveraging themselves.
If you fail to plan, you plan to fail.
  • #36,190
  • Jan 29, 2018 6:15pm Jan 29, 2018 6:15pm
For the sake of transparency and for no one to think I went ape shit crazy on the risk train here is the chart. AGAIN I don't want anyone taking on risk on things that they don't understand yet but I did want you all to understand that my risk is carefully assessed and I don't gamble. Neither should you. I never took on nor should anyone ever take on risk they cannot afford or be in a trade that they don't know how to handle.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (1597 Tick) 2018_01_29.png Size: 129 KB
If you fail to plan, you plan to fail.
  • #36,191
  • Jan 29, 2018 9:59pm Jan 29, 2018 9:59pm
Darn! Looks like my long term trade on 1597t hit SL by 1 tick... oh well, tomorrow is a new day.
  • #36,192
  • Jan 30, 2018 5:09am Jan 30, 2018 5:09am
don't typically post set-ups here but eh. will help me reflect at the least

EURUSD (1min) - long entry

Completion of ABCD pattern
retracement into previous structure
61.8% fib
very much going in line with expectations
roughly > 1:2 R:R
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 50 KB
  • #36,193
  • Jan 30, 2018 5:20am Jan 30, 2018 5:20am
Quoting waqz12345
don't typically post set-ups here but eh. will help me reflect at the least EURUSD (1min) - long entry Completion of ABCD pattern retracement into previous structure 61.8% fib very much going in line with expectations roughly > 1:2 R:R {image}
unfortunately left without me but right idea
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM1.png Size: 44 KB
  • #36,194
  • Jan 30, 2018 6:48am Jan 30, 2018 6:48am
Still have a small account for forex trading.

Opened a short on NZD/USD this morning on daily time frame. I'll let you know how it turns out in April or so.
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_18 Jan. 30 07.45.jpg Size: 70 KB
  • #36,195
  • Jan 30, 2018 8:31am Jan 30, 2018 8:31am
Good evening guys,

Let's trade!!!!
  • #36,196
  • Jan 30, 2018 8:38am Jan 30, 2018 8:38am
YM Short at 218
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (233 Tick) 2018_01_30.png Size: 60 KB
  • #36,197
  • Jan 30, 2018 8:40am Jan 30, 2018 8:40am
Quoting AzizLight
YM Short at 218 {image}
Right there with you, I waited to see some breakdown. Short 220
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (233 Tick) 2018_01_30.png Size: 67 KB
Wow! I've got some experience to gain.
  • #36,198
  • Jan 30, 2018 8:41am Jan 30, 2018 8:41am
Quoting AzizLight
YM Short at 218 {image}
Just missed that one ...
veni vidi vici
  • #36,199
  • Jan 30, 2018 8:46am Jan 30, 2018 8:46am
B/E +6
Attached Image (click to enlarge)
Click to Enlarge Name: Break even 1 30.png Size: 49 KB
  • #36,200
  • Jan 30, 2018 8:54am Jan 30, 2018 8:54am
Out at +70
Attached Image (click to enlarge)
Click to Enlarge Name: Out.png Size: 57 KB
8 traders viewing now