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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

  • #36,361
  • Feb 1, 2018 7:09am Feb 1, 2018 7:09am
Quoting mansan
{quote} Think i`m going to save that picture ... have a feeling I will need it a couple of times
Think positive. Do not start trading with such an idea in your head.
  • #36,362
  • Feb 1, 2018 7:10am Feb 1, 2018 7:10am
Short long term
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (1597 Tick) 2018_02_01.png Size: 46 KB
If you fail to plan, you plan to fail.
  • #36,363
  • Feb 1, 2018 7:11am Feb 1, 2018 7:11am
Quoting mansan
{quote} Think i`m going to save that picture ... have a feeling I will need it a couple of times
ME TOO
If you fail to plan, you plan to fail.
  • #36,364
  • Feb 1, 2018 7:11am Feb 1, 2018 7:11am
Quoting Mr. Pip
Short long term {image}
I suspected this was coming. At least i recognized it even if I don't trade it
  • #36,365
  • Feb 1, 2018 7:16am Feb 1, 2018 7:16am
Long on the short term
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (233 Tick) 2018_02_01.png Size: 61 KB
If you fail to plan, you plan to fail.
  • #36,366
  • Feb 1, 2018 7:18am Feb 1, 2018 7:18am
Update on the longer term
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (1597 Tick) 2018_02_01.png Size: 47 KB
If you fail to plan, you plan to fail.
  • #36,367
  • Feb 1, 2018 7:19am Feb 1, 2018 7:19am
Quoting evocpr19
My YM trades: I did not like how price reacted when I tried to short, so prefered to bail out. {image}
Does your trade plan say to bail if you don't like what you see? Than is how emotion based decisions sneak into you trading. Careful you must be as Master Yoda would say.
If you fail to plan, you plan to fail.
  • #36,368
  • Feb 1, 2018 7:20am Feb 1, 2018 7:20am
Quoting Mr. Pip
Update on the longer term {image}
Looks funny, that you are trading against yourself (Long term short; "short term" long).
  • #36,369
  • Feb 1, 2018 7:21am Feb 1, 2018 7:21am
Short term update
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (233 Tick) 2018_02_01.png Size: 62 KB
If you fail to plan, you plan to fail.
  • #36,370
  • Feb 1, 2018 7:22am Feb 1, 2018 7:22am
Quoting evocpr19
{quote} Looks funny, that you are trading against yourself (Long term short; "short term" long).
It took a lot of getting use to but different order flow different expectations.
If you fail to plan, you plan to fail.
  • #36,371
  • Feb 1, 2018 7:22am Feb 1, 2018 7:22am
Very proud of myself for not taking this trade. Normally I want to be in trades all too often, but things are changing in the right direction. Now I see that the bulls are really strong, after that big bullish candle, and then another bullish conformation with the candle before the arrow, indicating bullish momentum. Probably prevented a loss.
not taking trades is as important as taking trades.

Always learning!
Attached Image (click to enlarge)
Click to Enlarge Name: Schermafbeelding 2018-02-01 om 16.20.08.png Size: 58 KB
"Luck is when opportunity meets preparation"
  • #36,372
  • Feb 1, 2018 7:25am Feb 1, 2018 7:25am
Quoting Mr. Pip
Long on the short term {image}
Took the same trade
veni vidi vici
  • #36,373
  • Feb 1, 2018 7:27am Feb 1, 2018 7:27am
BE
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (233 Tick) 2018_02_01.png Size: 62 KB
If you fail to plan, you plan to fail.
  • #36,374
  • Feb 1, 2018 7:30am Feb 1, 2018 7:30am
YM -short at 26123
Out with +44
  • #36,375
  • Feb 1, 2018 7:30am Feb 1, 2018 7:30am
Out with BE 5
If you fail to plan, you plan to fail.
  • #36,376
  • Feb 1, 2018 7:34am Feb 1, 2018 7:34am
Update
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (1597 Tick) 2018_02_01.png Size: 47 KB
If you fail to plan, you plan to fail.
  • #36,377
  • Feb 1, 2018 7:39am Feb 1, 2018 7:39am
Quoting Sheeep44
Very proud of myself for not taking this trade. Normally I want to be in trades all too often, but things are changing in the right direction. Now I see that the bulls are really strong, after that big bullish candle, and then another bullish conformation with the candle before the arrow, indicating bullish momentum. Probably prevented a loss. not taking trades is as important as taking trades. Always learning! {image}
Oh and boy was I right..
Attached Image (click to enlarge)
Click to Enlarge Name: Schermafbeelding 2018-02-01 om 16.38.48.png Size: 63 KB
"Luck is when opportunity meets preparation"
  • #36,378
  • Feb 1, 2018 7:46am Feb 1, 2018 7:46am
YM - short at 26079 with 1/2 pos
out at BE
  • #36,379
  • Feb 1, 2018 7:54am Feb 1, 2018 7:54am
Quoting Sheeep44
{quote} Hey buddy! I trade the 1M chart because I believe that a lot of traders look at that chart instead of tick charts, different than futures. Also when I trade 2 pairs I tend to get less bored whenever the market has a slower day. Just my personal preference so far. Like you stated the 5m is way too slow for me, again, personally. Could fit you like a leather jacket, just really depends on the person everyone is different buddy. Find what works for you and kill the game and make some pips! Hope this helps. EDIT: poste some charts so I can have...

Today market were good to explain this on UJ 5min chart. ( expectation NSH )

1 - the blue circle reach 38.20 but dint go below it and create a rotation ( how possible was it for us to trade that , shall the rotation was more shallow and futher from the structure on top )

1 , 2 , 3 , 4 - All were basically the same that , price corrected over 38.20 but dint have a rotation that close below/on 38.20 that worth the risk reward , by waiting for those signal on a 5min chart i would sitting all day long .

and it was quite normal for a 5min chart to take few hour to complete a expectation.

the last swing (4 ) , were abit too large swing to be traded for me , i would wait for a shorter term swing occur , which can be the last weak NSL( possible "5" ) on chart and wait for a correction .

I tried before to trade the immediate swing , but it occur to me that it was the wrong swing to trade on that timeframe (5min), easier to overlook and traded the wrong side of expectation , if i were to trade the immediate swing , the more proper way could be go to 1min chart.
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  • #36,380
  • Feb 1, 2018 8:03am Feb 1, 2018 8:03am
On the sidelines on the short term
If you fail to plan, you plan to fail.
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