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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

  • #37,521
  • Feb 26, 2018 3:35pm Feb 26, 2018 3:35pm
Thank you for your help.
Time is an illusion, timing is an art.
  • #37,522
  • Feb 26, 2018 3:56pm Feb 26, 2018 3:56pm
Quoting mukai
I started Demo trading YM on Ninja Trader last week on Friday and Im just liking it. Ive been trading Forex for the last two years and I must say it has been tough.....YM seems manageable. Today i took 11 trades.. 6 Wins 5 Losses.. Overall green. Can't wait to learn more then go live in futures. Now, my limitation is that my current broker does not have Ninja Trader platform, I'm demo trading on FXCM, any reviews on FXCM....I also saw guys here talking about Dorman trading....any reviews on them? Also, how much does one need to have in the account...
Hello,

I can tell you about Dorman Trading.

I opened an account with 4K. Since it was an international deposit (I live in Colombia), they charged me 32 USD at the deposit time.

I havenīt bought the platform yet, so expenses per trade are a little higher (4.8 USD per round trade per lot. Les than a PIP). Also have 7 USD charge monthly for data feed. You have the choice to Lease or Buy the platform that let you have on chart trading. Otherwise you can only trade with another option much lower friendly.

Now I am Demo trading, and plan to do it until I have 5.000 USD profit in my demo account what ever time it takes to achieve (In two weeks have made 1.3K). I am not prepared yet to start real, and I really think that when I get to 5K profit, will be prepared to manage psychological issues for real trading.

I founded the account because it made it possible to start data feeding continually, and also made me feel like I already "lost" that money, since is out of my pocket already.

Just my two cents.
  • #37,523
  • Feb 26, 2018 4:16pm Feb 26, 2018 4:16pm
Happy to see all these trades. Congrats.
  • #37,524
  • Feb 26, 2018 4:17pm Feb 26, 2018 4:17pm
Hello

I would like to give an update on my Eurusd trade from friday...

1. This Friday I was lost in a terrible short position that was taken immature at the beginning and not according to my own rule about only take wholesale trade... So there I was sweating all day and ruined my weekend be course that trade had to sit over the hole weekend...

2. I had my position hedged some off the time but it was very difficult to unwind that hedge so I had to wait all morning LONDON time waiting for price reaching a wholesale area. And be-coarse it stopped at a weak point where I almost could say this is not a strong NSH then I could expect my hedge and short pos start to unwind end up in green numbers at point 3.

3. Price reached a wholesale area And I closed all the stupid pos in small green -An also made a bargain at the wholesale. Ergo I got a LONG pos. which now happily is up 20 pips.

Conclusion: I have made big errors - BUT with great respect and joy for Mr. Pips Structure Analyses teaching I have made some very clear and promising decisions I am not used to. I had always the big picture about where to expect price to go- and that is something to have,,, wouw... Of course it was tuff and I had to use energy on staying calm but...
Thank you Mr. Pip teacher...

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Are you profitable? I am not... yet...
  • #37,525
  • Edited 7:47pm Feb 26, 2018 6:45pm | Edited 7:47pm
anyone,

forgive me too much post for looking answer to right anchor leg,
please, my last post,
i hope this time,

im right?
bearish bat, right anchor?
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and this right anchor?

if "A" break,
so "X" become A
so "A" become B
so i look at possible ABCD, right?
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  • #37,526
  • Feb 26, 2018 8:45pm Feb 26, 2018 8:45pm
Quoting HighGarden
anyone, forgive me too much post for looking answer to right anchor leg, please, my last post, i hope this time, im right? bearish bat, right anchor? {image} and this right anchor? if "A" break, so "X" become A so "A" become B so i look at possible ABCD, right? {image}
Looks right to me I can’t tell the ratios here on my phone but the concept is right. Good luck. See you all tomorrow on the live stream.
If you fail to plan, you plan to fail.
  • #37,527
  • Edited 9:03pm Feb 26, 2018 8:49pm | Edited 9:03pm
Quoting Mr. Pip
{quote} Looks right to me I can’t tell the ratios here on my phone but the concept is right. Good luck. See you all tomorrow on the live stream.
OMG, finally i can saw right "X"

Thank you buddy.

surprisingly, even i wrong place "X",
still make profit with harmonic pattern,
very powerful.
  • #37,528
  • Feb 27, 2018 1:43am Feb 27, 2018 1:43am
Quoting ThinkFX
{quote} Hello, I can tell you about Dorman Trading. I opened an account with 4K. Since it was an international deposit (I live in Colombia), they charged me 32 USD at the deposit time. I havenīt bought the platform yet, so expenses per trade are a little higher (4.8 USD per round trade per lot. Les than a PIP). Also have 7 USD charge monthly for data feed. You have the choice to Lease or Buy the platform that let you have on chart trading. Otherwise you can only trade with another option much lower friendly. Now I am Demo trading, and plan to do...
Many thanks.
  • #37,529
  • Feb 27, 2018 1:45am Feb 27, 2018 1:45am
Quoting AzizLight
{quote} Hi mukai, I'll give my two cents here. I started trading YM at the beginning of the year. Had no significant experience previously, a little bit of forex but I bought the NinjaTrader software and jumped into YM with $2k. I demo traded for a few weeks and went live and found some initial success. In hindsight it was a LOT of luck. Volatility has been crazy the last two or three weeks and I gave back all my gains. Back in black now but I was trading scared because I knew just a few more losers would have me too near a margin call for my comfort....

Many thanks Aziz.
  • #37,530
  • Edited 3:29am Feb 27, 2018 2:42am | Edited 3:29am
YM want to be flying crab.

anyone?
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  • #37,531
  • Feb 27, 2018 4:16am Feb 27, 2018 4:16am
First day with a futures account today !

Can anyone explain what the correct setting is for "Price based on:" in Ninjatrader Data Series Properties?
I can choose between Bid, Ask or Last.
If I choose "Last", it looks like less candles are being printed than when I choose "Bid" or "Ask".
Which one do you guys use? What is the best setting? What does it mean?

May be a stupid question.
I think somebody already pointed out to me once that my setting was wrong, but I can't seem to find that post.

Thanks for any help
  • #37,532
  • Feb 27, 2018 4:57am Feb 27, 2018 4:57am
Quoting PeterT
First day with a futures account today ! Can anyone explain what the correct setting is for "Price based on:" in Ninjatrader Data Series Properties? I can choose between Bid, Ask or Last. If I choose "Last", it looks like less candles are being printed than when I choose "Bid" or "Ask". Which one do you guys use? What is the best setting? What does it mean? May be a stupid question. I think somebody already pointed out to me once that my setting was wrong, but I can't seem to find that post. Thanks for any help
i think last is refer to closed price,
so setting is last.
  • #37,533
  • Feb 27, 2018 5:21am Feb 27, 2018 5:21am
Quoting HighGarden
{quote} i think last is refer to closed price, so setting is last.
Not sure if I understand..
So why is there a different number of candles between a "89 tick - Bid" chart and a "89 tick - Last" chart?
  • #37,534
  • Feb 27, 2018 5:47am Feb 27, 2018 5:47am
Quoting PeterT
{quote} Not sure if I understand.. So why is there a different number of candles between a "89 tick - Bid" chart and a "89 tick - Last" chart?
LOL, i dont know too,
im newbie, not capable to give answer
  • #37,535
  • Feb 27, 2018 6:00am Feb 27, 2018 6:00am
Quoting PeterT
{quote} Not sure if I understand.. So why is there a different number of candles between a "89 tick - Bid" chart and a "89 tick - Last" chart?
Haven't actually googled this but my thought is that in the bid/ask tick chart it probably takes into account only the buy or sell orders and when it's last than it takes into account both.
Can't open NT at the moment but I'll have a look at this prior to today's open.
  • #37,536
  • Feb 27, 2018 6:00am Feb 27, 2018 6:00am
Quoting HighGarden
{quote} LOL, i dont know too, im newbie, not capable to give answer
You can have several bids without a final trade , so normally bidprice is on the charts.
  • #37,537
  • Feb 27, 2018 6:12am Feb 27, 2018 6:12am
Quoting x3m-PippiN
{quote} Haven't actually googled this but my thought is that in the bid/ask tick chart it probably takes into account only the buy or sell orders and when it's last than it takes into account both. Can't open NT at the moment but I'll have a look at this prior to today's open.
You mean "Bid" setting will only generate a tick when there's a sell order? (Maybe I misunderstood)
But if that was the case I would expect the "Bid" setting to produce less candles than the "Last" setting. But "Bid" shows many more candles than "Last" on a 89 tick chart for example.
  • #37,538
  • Feb 27, 2018 6:18am Feb 27, 2018 6:18am
Quoting c49
{quote} You can have several bids without a final trade , so normally bidprice is on the charts.
Sorry I do not understand. (Please understand that I do not know much about bid/ask, orderbook etc..)
Can you explain further?
  • #37,539
  • Feb 27, 2018 6:19am Feb 27, 2018 6:19am
Quoting PeterT
{quote} You mean "Bid" setting will only generate a tick when there's a sell order? (Maybe I misunderstood) But if that was the case I would expect the "Bid" setting to produce less candles than the "Last" setting. But "Bid" shows many more candles than "Last" on a 89 tick chart for example.
Mine is set to last and seems to look like everyone else's chart.
Wow! I've got some experience to gain.
  • #37,540
  • Feb 27, 2018 6:29am Feb 27, 2018 6:29am
Quoting PeterT
{quote} Sorry I do not understand. (Please understand that I do not know much about bid/ask, orderbook etc..) Can you explain further?
Marketmakers give bid and ask prices , they are willing to buy at the bid and willing to sell at the ask. If sentiment shifts in the market they will shift the bid/ask upwards or downwards depending on the sentiment .Still there can be no trade and therefore no last price , but lots of bidprices are possible. In a very heavenly traded market like YM the difference between bid and last will be neglectible , however during thinly traded markets or hours there can be more bids then lastprices.
In the forex market bidprices are standard. For Ym in regular tradinghours difference will be neglectible I suppose.
Hope this clears it up
BTW we as retailtraders cannot buy at bid ,only at askprice.
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