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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

  • #37,661
  • Feb 28, 2018 10:52am Feb 28, 2018 10:52am
Quoting Milfortra
{quote} Just my 2 cents. Would you be using the same amount of dollar size to trade when you go live? Even when you use the same dollar amount to trade on demo, you are bound to have issues when you go live. Would be of great advantage if you use the same contract size for demo and treat the account as if it was a live account so that it will be a smooth transition from demo to live. Hope it helps. Happy trading and all the best!

I appreciate your advice....definitely i cannot use the same size in my live...........but if the strategy works in Demo irrespective of the contract size it will work in Live...

One of the key take homes in yesterday's live stream is the identification of the Rotation Candle and the SOSs (SOS 1, SOS 2, SOS 3)........these are the major mistakes i made in yesterdays trades.....I actually took a lot of notes in yesterday's live stream.....today I've also learnt when you notice a Rotation candle is forming.........the tick counter plays a big role in timing your entry............timing the number of ticks remaining and also observing the rotation candle to see that it fulfills the characteristics.......well this is something i still need to test over time....to be sure my conclusions are right.......hence testing everything on demo before i go live...

I've been trading Forex for two years now.....just that i want to change the platform to NT and also focus more on Futures............I hope everything plays out well.

Cheers!!!!
  • #37,662
  • Feb 28, 2018 10:52am Feb 28, 2018 10:52am
Quoting bmdenton23
YM - short, averaged into 25408.
Out for +78
  • #37,663
  • Feb 28, 2018 10:54am Feb 28, 2018 10:54am
Quoting Mr. Pip
{quote} that is funny my friend. I often forget that US expressions don't translate well some times.
No problem. If I do not know, I ask.
  • #37,664
  • Feb 28, 2018 10:55am Feb 28, 2018 10:55am
Quoting bmdenton23
{quote} I called one of evocpr19's trades ridiculously good last week, he wasn't exactly sure if I was complementing him or not I think if evocpr19 can help me learn to trade better, and I can help teach him some english phrases, I'll be getting the better deal....
  • #37,665
  • Feb 28, 2018 10:58am Feb 28, 2018 10:58am
Quoting mukai
{quote} I appreciate your advice....definitely i cannot use the same size in my live...........but if the strategy works in Demo irrespective of the contract size it will work in Live... One of the key take homes in yesterday's live stream is the identification of the Rotation Candle and the SOSs (SOS 1, SOS 2, SOS 3)........these are the major mistakes i made in yesterdays trades.....I actually took a lot of notes in yesterday's live stream.....today I've also learnt when you notice a Rotation candle is forming.........the tick counter plays a...
Cool. Hope all will work out well for you. Best of luck!
  • #37,666
  • Feb 28, 2018 11:00am Feb 28, 2018 11:00am
Quoting Milfortra
{quote}


Spanglish: Ojos - Eyes, Ice - Hielo, Yellow is amarillo.
  • #37,667
  • Feb 28, 2018 11:05am Feb 28, 2018 11:05am
Walked away for a little bit. Found a short that looks like I may have entered too early. Lets see how this one plays out.

Attached Image (click to enlarge)
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  • #37,668
  • Edited 11:29am Feb 28, 2018 11:18am | Edited 11:29am
Quoting Prock
Walked away for a little bit. Found a short that looks like I may have entered too early. Lets see how this one plays out. {image}
I'm in too Prock, averaged in at 25396. I may protect pretty early on this one, ready to quit for the day while I'm ahead.

I broke the rules, took my 20 and am going to call it a day.
Finished the day +49.
  • #37,669
  • Feb 28, 2018 11:42am Feb 28, 2018 11:42am
Quoting evocpr19
{quote} Sorry to hear. Can you post your trades?
Sorry evo, I just saw this now.

The first trade was based on the small swing to finish the larger swing. I guess I shouldn't have taken it because it didn't completely finish a 1:1.

The last trade to the right was based on the very large swing and a good rotation candle.

Attached Image (click to enlarge)
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  • #37,670
  • Feb 28, 2018 11:44am Feb 28, 2018 11:44am
Quoting bmdenton23
{quote} I'm in too Prock, averaged in at 25396. I may protect pretty early on this one, ready to quit for the day while I'm ahead. I broke the rules, took my 20 and am going to call it a day. Finished the day +49.
I was out at BE still down -122 Id say Im done for the day! Great trading on your end today.
  • #37,671
  • Feb 28, 2018 11:48am Feb 28, 2018 11:48am
As most of you know February was a rough month for me. The first day of the month was my biggest losing day of the year. My losing days were nearly twice as bad as my winning days were good. I'm committed to posting my stats regardless so here goes. What this does, is at least show that even terrible months, aren't that bad in the whole scheme of things, if you follow the plan consistently.

February
Total Points: 585 - yes that correct, I made 585 points and still lost money, most of this 585 was on small contract size when the market was doing 200 pt swings.
Avg Daily Pts: 31
Profit Factor: .84 - this is the real indication of how I did.
Winning % - 59%
Winning days: 12
Losing days: 7
Average winning day / averaging losing day: .49 - that's really bad.

I'll upload a screenshot to show what this February drawdown looked like starting from a baseline in October. I'm purposefully leaving the dollar amount off because that doesn't matter. And I don't believe in showing % of account gained/loss because that doesn't really mean much. You can have a million dollar account and trade 1 contract and barely show any % growth. You will notice that October/November we're very good to me.
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  • #37,672
  • Feb 28, 2018 12:29pm Feb 28, 2018 12:29pm
Quoting Lawnman
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. {image}
Had to leave this on auto pilot, just missed TP.
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Wow! I've got some experience to gain.
  • #37,673
  • Feb 28, 2018 12:55pm Feb 28, 2018 12:55pm
Long Gartley?
BE now at 38.2% of AD

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  • #37,674
  • Feb 28, 2018 12:57pm Feb 28, 2018 12:57pm
Long YM at 25374
@BE now
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  • #37,675
  • Feb 28, 2018 1:04pm Feb 28, 2018 1:04pm
2 trades (notice I am highlighting the main swing I am trading to help me stay disciplined!!).

Trade 1 - Prive corrrected to 50% and structure so entered, got to BE a little early as price was struggling then taken out for +4

Trade 2 - Still in the main swing looking for longs so entered on a 1:1 into AOI. Price started strong and got to area of resistance and I got out early. Profit of 40 pips but left a lot on the table (40-50 pips) as got a bit nervous and jumped out. 1:1 completed to the upside now. Will wait for correction and then look for longs again.

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  • #37,676
  • Feb 28, 2018 1:04pm Feb 28, 2018 1:04pm
Quoting PeterT
Long Gartley? BE now at 38.2% of AD {image}
Fantastic run trailing decision candles +98 points

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  • #37,677
  • Feb 28, 2018 1:05pm Feb 28, 2018 1:05pm
This was my last trade on YM today: +98
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  • #37,678
  • Feb 28, 2018 1:07pm Feb 28, 2018 1:07pm
Hello Guys
Just Short YM 233 Tick.
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  • #37,679
  • Feb 28, 2018 1:10pm Feb 28, 2018 1:10pm
Quoting evocpr19
This was my last trade on YM today: +98 {image}
It makes me really happy to see I had the exact same trade with the exact same result
  • #37,680
  • Feb 28, 2018 1:11pm Feb 28, 2018 1:11pm
Quoting Prock
{quote} Sorry evo, I just saw this now. The first trade was based on the small swing to finish the larger swing. I guess I shouldn't have taken it because it didn't completely finish a 1:1. The last trade to the right was based on the very large swing and a good rotation candle. {image}
Do I see it right on the trade on the right, that you stayed in all the leg down? (I mean the log entry at 25500 and the exit at 25410)
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