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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

  • #37,681
  • Feb 28, 2018 11:14am Feb 28, 2018 11:14am
Quoting PeterT
{quote} It makes me really happy to see I had the exact same trade with the exact same result
  • #37,682
  • Feb 28, 2018 11:21am Feb 28, 2018 11:21am
Target Filled, i was waiting all day for a good opportunity and my patience paid off+36!
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  • #37,683
  • Feb 28, 2018 11:22am Feb 28, 2018 11:22am
Quoting evocpr19
{quote} 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)
Yes I thought we always put stops below the swing.
  • #37,684
  • Feb 28, 2018 11:30am Feb 28, 2018 11:30am
Quoting VictorFaria
Target Filled, i was waiting all day for a good opportunity and my patience paid off+36! {image}
Congrats. Is this a recent trade on YM? Couldn't find it on my chart that's why I'm asking.
  • #37,685
  • Feb 28, 2018 12:01pm Feb 28, 2018 12:01pm
Quoting Prock
{quote} Yes I thought we always put stops below the swing.
Depends what you wanted to trade. If you trade immediate orderflow, you cannot always place your SL below the main swing. Would make no sense. TP and SL have to fit somehow, otherwise you will end up with SL of 100 and immediate target of 10 to 30.

To be honest, I have some problems to understand why you entered long (I was short at that time). Compare theup candles on the left and how long it took to get there. Now look at the bears candles, no signs of bulls.
  • #37,686
  • Feb 28, 2018 12:03pm Feb 28, 2018 12:03pm
Quoting VictorFaria
Target Filled, i was waiting all day for a good opportunity and my patience paid off+36! {image}
Congrats. Why do you cut that much your chart? (no time on it, no instrument, tick numbers,...; I can guess what it is, but maybe difficult to see for someone jumping into the thread)
  • #37,687
  • Feb 28, 2018 12:08pm Feb 28, 2018 12:08pm
Quoting PipJr
Long YM at 25374 @BE now {image}
How did you finally managed this trade?
  • #37,688
  • Feb 28, 2018 12:11pm Feb 28, 2018 12:11pm
Quoting evocpr19
{quote} Depends what you wanted to trade. If you trade immediate orderflow, you cannot always place your SL below the main swing. Would make no sense. TP and SL have to fit somehow, otherwise you will end up with SL of 100 and immediate target of 10 to 30. To be honest, I have some problems to understand why you entered long (I was short at that time). Compare theup candles on the left and how long it took to get there. Now look at the bears candles, no signs of bulls.
I was looking at the larger swings. I have the previous two swings to the left and my expectation for the day was a NSH. Obviously it wasn't a good trade to take even with the fake rotation candle. The second swing in itself had trouble reaching its 1:1

Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (233 Tick) 2018_02_28 y.png Size: 93 KB
  • #37,689
  • Feb 28, 2018 12:17pm Feb 28, 2018 12:17pm
Quoting PipTrendz
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...
Not a bad idea to highlight the main swing that we trade.
  • #37,690
  • Feb 28, 2018 12:23pm Feb 28, 2018 12:23pm
Quoting evocpr19
{quote} Not a bad idea to highlight the main swing that we trade.
Yeah remember someone mentioned it on here(might have been you actually?), thought it was a good idea.

Well done to you and PeterT for taking the full trade that I jumped out of too early

Another trade but this one was a loser. Entered at 100% retracement but price continued through the area relatively quickly for a 30 pip loss. Break of structure now leaves us looking for shorts.

Attached Image (click to enlarge)
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  • #37,691
  • Feb 28, 2018 12:42pm Feb 28, 2018 12:42pm
Quoting PipTrendz
{quote} Yeah remember someone mentioned it on here(might have been you actually?), thought it was a good idea. Well done to you and PeterT for taking the full trade that I jumped out of too early Another trade but this one was a loser. Entered at 100% retracement but price continued through the area relatively quickly for a 30 pip loss. Break of structure now leaves us looking for shorts. {image}
I mentioned colours, but not the arrows.
  • #37,692
  • Feb 28, 2018 12:46pm Feb 28, 2018 12:46pm
Was distracted and missed this!!

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Think I will bow out with +14 on the day
  • #37,693
  • Feb 28, 2018 1:17pm Feb 28, 2018 1:17pm
Took 22 trades today. Some in very immediate OF.
The limitation of 30 points SL max. makes me bend my rules in some cases.
For now I can live with it. I learn a lot from these experiences.
+105 points for the day

Just showing a global image of my trades, not going to mark all the profits and losses

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  • #37,694
  • Feb 28, 2018 2:04pm Feb 28, 2018 2:04pm
Quoting evocpr19
{quote} How did you finally managed this trade?
Thanks for asking Evo,
Unfortunately the answer is not well!
I moved my SL below 38.2 of the swing 'hoping' for more profit. Last time I checked that's not in my trade plan. Ended up with +50 instead of +95. I shouldn't complain about positive trades but gave up 45 points for not following simple rules. Learn some the hard way I guess!
  • #37,695
  • Feb 28, 2018 3:26pm Feb 28, 2018 3:26pm
Quoting PipTrendz
Was distracted and missed this...
I might miss black bars on a dark gray background too
big money makes big moves and then hides during small money chasing.
  • #37,696
  • Mar 1, 2018 3:12am Mar 1, 2018 3:12am
Another early start today, short GU 1M. A labored climb up to the 70.2, which GU seems to respect often.
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Wow! I've got some experience to gain.
  • #37,697
  • Mar 1, 2018 5:11am Mar 1, 2018 5:11am
Quoting Lawnman
Another early start today, short GU 1M. A labored climb up to the 70.2, which GU seems to respect often. {image}
Still sitting on this one, wondering if I should have gone to BE at the yellow highlighted area, not exactly a test of structure.
Attached Image (click to enlarge)
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Wow! I've got some experience to gain.
  • #37,698
  • Mar 1, 2018 5:24am Mar 1, 2018 5:24am
Good evening traders

So, besides the YM.... which other instruments on the futures market do you feel give equal opportunities as the YM?
Luck has no place in trading. Leave that for the poker table.
  • #37,699
  • Mar 1, 2018 5:32am Mar 1, 2018 5:32am
Quoting Lawnman
{quote} Still sitting on this one, wondering if I should have gone to BE at the yellow highlighted area, not exactly a test of structure. {image}

My take,

I think if it were me I would have gone to BE when price was at yellow zone, Reason...the price was already past Fibo 38.2%.

It seems its now in a complex correction.....
  • #37,700
  • Mar 1, 2018 5:43am Mar 1, 2018 5:43am
I have another question on Ninja trader......

On the SuperDOM.....i want to set an ATM Strategy for FOREX, but the Instruments drop down doesn't have Forex, it only has other instruments (Futures,.....).

How do I set up an ATM for Forex...........

TIA
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