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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

  • #36,381
  • Feb 1, 2018 8:04am Feb 1, 2018 8:04am
Quoting Mr. Pip
On the sidelines on the short term
YM - I really want to take a short up here, but it's pulled back further than it should with great bullish momentum on that last immediate term swing....

...............and I'm short at 26114
  • #36,382
  • Feb 1, 2018 8:06am Feb 1, 2018 8:06am
Quoting bmdenton23
{quote} YM - I really want to take a short up here, but it's pulled back further than it should with great bullish momentum on that last immediate term swing.... ...............and I'm short at 26114
Same exact entry
  • #36,383
  • Feb 1, 2018 8:08am Feb 1, 2018 8:08am
Quoting bmdenton23
{quote} YM - I really want to take a short up here, but it's pulled back further than it should with great bullish momentum on that last immediate term swing.... ...............and I'm short at 26114
Sat here waiting for it and missed the entry.
Wow! I've got some experience to gain.
  • #36,384
  • Feb 1, 2018 8:10am Feb 1, 2018 8:10am
Quoting Lawnman
{quote} Sat here waiting for it and missed the entry.
Short 115
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (233 Tick) 2018_02_01-2.png Size: 80 KB
Wow! I've got some experience to gain.
  • #36,385
  • Feb 1, 2018 8:14am Feb 1, 2018 8:14am
Have to stop this last trade, since I have to go. +52
Attached Image (click to enlarge)
Click to Enlarge Name: aaa.jpg Size: 326 KB
  • #36,386
  • Feb 1, 2018 8:15am Feb 1, 2018 8:15am
Made 3,53% net today.
Lost 1,95% net yesterday
Net gain: 1,58% in 2 days. Really happy with the results that are coming out after the past few horrible weeks!

Have a nice evening you all!
"Luck is when opportunity meets preparation"
  • #36,387
  • Feb 1, 2018 8:15am Feb 1, 2018 8:15am
Quoting Lawnman
{quote} Short 115 {image}
you guys are against the expectation
If you fail to plan, you plan to fail.
  • #36,388
  • Feb 1, 2018 8:16am Feb 1, 2018 8:16am
Quoting Lawnman
{quote} Short 115 {image}
Out -23
Wow! I've got some experience to gain.
  • #36,389
  • Feb 1, 2018 8:18am Feb 1, 2018 8:18am
Quoting Mr. Pip
{quote} you guys are against the expectation
I seem to be flailing around this week.
Wow! I've got some experience to gain.
  • #36,390
  • Feb 1, 2018 8:24am Feb 1, 2018 8:24am
Quoting Lawnman
{quote} I seem to be flailing around this week.
Lots of discernible order flows today.

Level 1 (immediate) - NSH
Level 2 - is now NSH, was a NSL when we took those shorts
Level 3 - NSH
Level 4 - NSL - this is the order flow Mr Pip has a long term short on.
  • #36,391
  • Feb 1, 2018 8:25am Feb 1, 2018 8:25am
Longer therm expectetion is for a NSL
Shorter therm expectetion is for NSH
I enter on a 1-2-3 signal
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (233 Tick) 2018_02_01.png Size: 109 KB
Time is an illusion, timing is an art.
  • #36,392
  • Feb 1, 2018 8:25am Feb 1, 2018 8:25am
Long
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (233 Tick) 2018_02_01.png Size: 134 KB
  • #36,393
  • Feb 1, 2018 9:18am Feb 1, 2018 9:18am
Quoting Mr. Pip
{quote} The basis for my entry are on the chart below. I had a limit order to scale in at the next level of structure which did not trigger my PC did some updates and rebooted and did not fill. This was scary and the one thing I do not like about the NT platform. At any rate price wen t on to test the lows and came back up to my entry area. I made the decision to get out of the trade because I no longer was at the risk profile I should have been and could no longer be in the trade in accordance to my plan. In other word my reasons for being in this...
Mr Pip, If you are on windows, you can force NinjaTrader to be started when your machine is booted (rebooted).

1. Browse to the location of your NinjaTrader.exe - I have the 64bit installation and so it is installed here: C:\Program Files (x86)\NinjaTrader 8\bin64\NinjaTrader.exe

2. Right click on the .exe and click "Create Shortcut". Windows may complain and not allow to create the shortcut in the Program Files directory and may ask you if
you want to put the file on your desktop, if so just click ok(yes).

3. Wherever the shortcut ends up being created, cut/paste that shortcut into the following directory - C:\ProgramData\Microsoft\Windows\Start Menu\Programs\StartUp

4. Reboot - verify that NinjaTrader is launched
  • #36,394
  • Feb 1, 2018 9:37am Feb 1, 2018 9:37am
Quoting bmdenton23
{quote} Mr Pip, If you are on windows, you can force NinjaTrader to be started when your machine is booted (rebooted). 1. Browse to the location of your NinjaTrader.exe - I have the 64bit installation and so it is installed here: C:\Program Files (x86)\NinjaTrader 8\bin64\NinjaTrader.exe 2. Right click on the .exe and click "Create Shortcut". Windows may complain and not allow to create the shortcut in the Program Files directory and may ask you if you want to put the file on your desktop, if so just click ok(yes). 3. Wherever the shortcut ends...
Wow Thank you very much I will try this.
If you fail to plan, you plan to fail.
  • #36,395
  • Edited 1:35pm Feb 1, 2018 9:44am | Edited 1:35pm
Quoting Mr. Pip
{quote} Wow Thank you very much I will try this.
And another option is that you disable the automatic updates of Windows 10. You can then carry out these, when you are not trading (I use this).
  • #36,396
  • Feb 1, 2018 10:18am Feb 1, 2018 10:18am
For those of you who use NinjaTrader 8, there's a pretty neat alerting feature which you can use to send yourself an email and can even be configured to send yourself a text message when price hits a certain point. You need to have an email account with smtp capabilities, I use a standard gmail email account myself.

To setup the service:
1. Click on Tools->Options->General
2. Share Services-> edit share services...
3. Click add
4. Service name: whatever you want, I call mine Gmail
5. Connection Server: if using gmail it would be smtp.gmail.com
6. Connection Port: for gmail it would be 587
7. Default - checked
8. Connection - SSL - checked
9. Email address - this is your email address you are using for sending email
10. Username/Password - your email username and password
11. OK

To create an alert
1. Right click on the chart and click Alerts
2. Click add
3. Enabled - checked
4. Under conditions click add
5. Data Series - YM - Crosses Above - Numeric Value 26000 (look back period 1)
6. Text - whatever you want, there's a dropdown for functions
7. Actions - click add
8. Share a message
9. Screenshot type - none
10. Share to: the Share service you setup above (gmail in my case)
11. Text - @MESSAGE
12. To: this can be an email address or it can be a phone number if you want to text.

Note for texting in step #12, you have to use a common email feature known as email to SMS, essentially you're emailing your phone number.
For ATT customers, you would put the number followed by @txt.att.net
So ([email protected])

If you wanted to include a screenshot, you would have to send a multimedia text message and the address changes
So ([email protected])

If you do not use AT&T, you can use this website to help you find the SMS address of your phone carrier:
http://www.emailtextmessages.com/

In our example, when price crosses above 26000, you would get a text.

You only have to set it up once, and then to rearm your alert, right click the chart, alerts, set enabled to checked, and change the price and "crosses above" or "crosses below"
  • #36,397
  • Feb 1, 2018 10:21am Feb 1, 2018 10:21am
Quoting PeteH
A good day so far for me today. So far I have placed six trades on YM -233. +67 +0 (BE) +23 +0 (BE) +1 (BE) +57 +148 Total {image}
Please watch your R:R buddy. As I see with some very shallow entries, 2 losses and you would wipe out all your profits, it should be the the other way around. That winning trades wipe out losers. Green pips!
"Luck is when opportunity meets preparation"
  • #36,398
  • Feb 1, 2018 10:55am Feb 1, 2018 10:55am
Finished my day with a last trade with +86 (Total today +247)
Attached Image (click to enlarge)
Click to Enlarge Name: aaa.jpg Size: 310 KB
  • #36,399
  • Feb 1, 2018 11:01am Feb 1, 2018 11:01am
Quoting Sheeep44
{quote} Please watch your R:R buddy. As I see with some very shallow entries, 2 losses and you would wipe out all your profits, it should be the the other way around. That winning trades wipe out losers. Green pips!
Thanks for the tip. I had quite a few trades go to break even. I was starting the SL at 40 pips and moved it to break even when I was up around 22 pips on each trade to protect however I was probably too quick to do this on some trades and my timing on entries was not particularly good. I just need to practice more with some past data. Still early days for me.
  • #36,400
  • Feb 1, 2018 1:13pm Feb 1, 2018 1:13pm
Quoting evocpr19
Finished my day with a last trade with +86 (Total today +247) {image}
Evo, absolutely awesome....I need to pick up on my game otherwise you will think you don't have competition here....lol
Always trade your own plan...I don't provide trading signals.
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