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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

  • #37,581
  • Feb 27, 2018 1:56pm Feb 27, 2018 1:56pm
Hello Traders,

Here is the live stream from this morning. I hope it has value to you and helps you continue to grow. Please comment and post as this helps me grow as well. Like and share and tell all your friends about this wonderful thread and channel. I want this material to reach the masses and put the snake oils sales people out of business. Trade well!

https://youtu.be/Fgui-5T0EpU
If you fail to plan, you plan to fail.
  • #37,582
  • Feb 27, 2018 2:16pm Feb 27, 2018 2:16pm
YM - ended the day +20.
+60 yesterday so +80 for the week. A ways to go to erase last week but small steps.
  • #37,583
  • Feb 27, 2018 3:19pm Feb 27, 2018 3:19pm
Thank you so much!!!
Today I explained my wife that if should choose between a famous danish day-trader 2 days course for free of which I have dreamed about a long time, but cannot afford the 25oo GPD he charges or your school and yours super teaching/course- I really would say he could keep his course and I would stay with you 120 percent.
Not that your course is for free - Its just the best a seeking trader can have.
It seems like your teaching and explanation and techniques just have so much value...
Like the day I saw your Structure analysis video first time and nearly had tears in my eyes be course that trading-style just ended all discussion about guessing trend... For me... LOL

Enough feelings now - Next step is super cool trading, Mr Pip style...
Are you profitable? I am not... yet...
  • #37,584
  • Feb 27, 2018 3:53pm Feb 27, 2018 3:53pm
This was my first YM day.
I traded my live account.
I can trade demo profitably. I think live is the only way to get the real deal and learn to cope with emotions.
If it goes really bad I'll switch to demo again.

233 tick chart was offering trades with too large SL. My max is around 30 ticks.
I found it more difficult to trade the smaller orderflow.
So I got caught in protecting behind structure and not below/above the main swing.
Also in hindsight I see that I was hunting for corrections to the upside.
Also some early exits.
Well.. not something to be very proud of..
First trade of day was +41, not showing in chart, posted this earlier.
Ending the day with +26 net, but there's a lot of room for improvement.

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  • #37,585
  • Feb 27, 2018 3:55pm Feb 27, 2018 3:55pm
Quoting Pjort
Thank you so much!!! Today I explained my wife that if should choose between a famous danish day-trader 2 days course for free of which I have dreamed about a long time, but cannot afford the 25oo GPD he charges or your school and yours super teaching/course- I really would say he could keep his course and I would stay with you 120 percent. Not that your course is for free - Its just the best a seeking trader can have. It seems like your teaching and explanation and techniques just have so much value... Like the day I saw your Structure analysis...
Thank you! Go get yours champ!
If you fail to plan, you plan to fail.
  • #37,586
  • Feb 27, 2018 5:27pm Feb 27, 2018 5:27pm
A few requested for me to post the trade plan again here it is.
Attached File(s)
File Type: pdf DCAST Capital DST.pdf   1.1 MB | 3,297 downloads
If you fail to plan, you plan to fail.
  • #37,587
  • Edited Feb 28, 2018 4:14am Feb 27, 2018 11:44pm | Edited Feb 28, 2018 4:14am
Im about to learning market structure. im correct?

anyone?
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  • #37,588
  • Feb 28, 2018 12:50am Feb 28, 2018 12:50am
Quoting HighGarden
Im about to learning market structure. im correct? anyone? {image} {image}
Looks good to me
  • #37,589
  • Feb 28, 2018 1:06am Feb 28, 2018 1:06am
Quoting PeterT
{quote} Looks good to me
Okay PeterT
  • #37,590
  • Edited 3:13am Feb 28, 2018 1:07am | Edited 3:13am
anyone,

this is correct complex correction?
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  • #37,591
  • Feb 28, 2018 2:43am Feb 28, 2018 2:43am
Quoting HighGarden
anyone, this is correct complex correction? {image}
As far as i understand it, you're right about that.

If the price doesn't make a new NSH/NSL right away after the first corrective move, but instead produces short(er) term orderflow within the swing you're trading, it's a complex correction.

Also, others correct me if i'm wrong about this
Ever tried. Ever failed. No matter. Try again. Fail again. Fail better
  • #37,592
  • Feb 28, 2018 2:49am Feb 28, 2018 2:49am
Quoting pjotter
{quote} As far as i understand it, you're right about that. If the price doesn't make a new NSH/NSL right away after the first corrective move, but instead produces short(er) term orderflow within the swing you're trading, it's a complex correction. Also, others correct me if i'm wrong about this
okay pjotter
  • #37,593
  • Edited 3:21am Feb 28, 2018 3:09am | Edited 3:21am
Quoting pjotter
{quote} As far as i understand it, you're right about that. If the price doesn't make a new NSH/NSL right away after the first corrective move, but instead produces short(er) term orderflow within the swing you're trading, it's a complex correction. Also, others correct me if i'm wrong about this
That is right.
But i think we should add to that, it is called a complex correction when the high/low of the first correction leg is broken while still within the boundaries of the main swing your trading.

EDIT:
It is always relative to the swing you're trading. What may be a complex correction from a big swing is just normal orderflow in de smaller TF.
Example. (disregarding everything that is outside of the screen, just for example purpose)

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  • #37,594
  • Feb 28, 2018 3:54am Feb 28, 2018 3:54am
Quoting evocpr19
{quote} in indicators, select "tick counter"
Many thanks Evocpr19.

You guys in this thread are just amazing, so helpful......you've all adopted Damian Spirit....

May God bless us all and make us profitable like our mentor Damian.........

Cheers!!!!!!
  • #37,595
  • Feb 28, 2018 4:15am Feb 28, 2018 4:15am
Good early morning, trading a little EU today, work will be keeping me from US open of YM.

May have gotten in early, no harmonic confluence, that would be around the .786, but I'm trading small, so I can enter a second position if needed.
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Wow! I've got some experience to gain.
  • #37,596
  • Edited 6:27am Feb 28, 2018 5:05am | Edited 6:27am
anyone agree to this expectation?
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  • #37,597
  • Feb 28, 2018 5:57am Feb 28, 2018 5:57am
Sorry guys If im asking many questions on Ninja Trader....

Now, the Fibo extention................mine is only repeating the Fibo retracement inverted but it doesn't display the extensions.....do we have to add this manually on the fibo extension....the 127, 161,...............

Please guide me on this.
  • #37,598
  • Feb 28, 2018 5:58am Feb 28, 2018 5:58am
Took a pre-market short on YM, locked in around 30 so far. Demo trading for now. Almost blew my small account 2 weeks ago by being impulsive.
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Wow! I've got some experience to gain.
  • #37,599
  • Feb 28, 2018 6:00am Feb 28, 2018 6:00am
Quoting mukai
Sorry guys If im asking many questions on Ninja Trader.... Now, the Fibo extention................mine is only repeating the Fibo retracement inverted but it doesn't display the extensions.....do we have to add this manually on the fibo extension....the 127, 161,............... Please guide me on this.
I added mine manually and then made it default. I'm not sure that's the way to do it, but it worked.
Wow! I've got some experience to gain.
  • #37,600
  • Feb 28, 2018 6:03am Feb 28, 2018 6:03am
Quoting Lawnman
{quote} I added mine manually and then made it default. I'm not sure that's the way to do it, but it worked.
Thanks Lawman, will try that way.
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