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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

  • #37,781
  • Mar 2, 2018 3:48am Mar 2, 2018 3:48am
One thing i have been trying to workout this week has been in a way to make the swing classification completly mechanical.

I discovered that if I manage a way to always classify the swings the same way, say .... a month from now go back to this week and still do the same reasoning, my emotions are much more in control ( almost completly.... )

Maybe I am not good at classifying NSH/NSL/LH/HL , but it was always subjective to me, especially the Clear NSH and Clear HL.

I may have found the solution, yesterday it gave me 6 good trades, 1 bad trade. But the important is that is completly mechanical swing analysis. I guess part of the emotions come from not really being sure that you did the analysis right, or even, if you looked at it another day you would come to the same conclusion.

I .... actually am starting to get very positive about my trading and approaching things with confidence and serenity.
  • #37,782
  • Mar 2, 2018 3:54am Mar 2, 2018 3:54am
Quoting HighGarden
{quote} nothing better than your eyes. out there harmonic pattern software using zigzag indicator base, it useless. this my newbie opinion.

Agreed HighGarden,

But by having such a program in place it may offer some positive trades for those who use them,

And it should put everyone who uses them on the fast track for the pattern recognition and that's what we are all trying to learn,

there's an up side to this request my friend.

Cheers Brian Dingoman-two

good trading to all
  • #37,783
  • Mar 2, 2018 5:58am Mar 2, 2018 5:58am
Quoting pereiraalex
One thing i have been trying to workout this week has been in a way to make the swing classification completly mechanical. I discovered that if I manage a way to always classify the swings the same way, say .... a month from now go back to this week and still do the same reasoning, my emotions are much more in control ( almost completly.... ) Maybe I am not good at classifying NSH/NSL/LH/HL , but it was always subjective to me, especially the Clear NSH and Clear HL. I may have found the solution, yesterday it gave me 6 good trades, 1 bad trade....

Makes sense... I have a similar problem. Assessing strength and weakness in the moves messes with my trading. If I expect a shallow correction I pull the trigger way to early and if I expect a deep correction and there is a rotation earlier in the correction I don't take it and usually I miss a trade. That's why I was asking on the last live stream about setting a limit order at the 50% fib or just a point or two below it.

It's hard for me to "unlearn" what Damian has taught us about projection, depth and momentum but my train of thought is that if the expectation plays out over 70% of the time why should I make it more complicated. I know someone would say that by taking into account projection, depth, momentum and a rotation my trading would be more efficient. I agree ... but first and most of all I want to be profitable... than I can't start worrying about efficiency.
The less variables you have to take into account the easier the decision would be and the less emotions are going to be involved.

I'm testing out the 50% fib idea ...in backtesting I end up a millionaire ...but that's what usually happens there...now I'll be trying in forward testing on demo and eventually on my live acc.
  • #37,784
  • Mar 2, 2018 7:44am Mar 2, 2018 7:44am
Looking for a short on YM around 24400
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  • #37,785
  • Mar 2, 2018 7:49am Mar 2, 2018 7:49am
Quoting Dingoman-two
{quote} Hi Folks, does anyone know if there are currency pairs that are more suited to the Ratios & Harmonics than most others please, Which are our hottest pairs ????? ===
I use fib's. W and M pattern's. 127.2/1.12 etc. best but not simple. gcad/gaud/gyen/gbpnzd.
It's in fear when people show what they truly value.
  • #37,786
  • Edited 8:16am Mar 2, 2018 8:02am | Edited 8:16am
Short YM

Edit: Trailed early +82
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  • #37,787
  • Mar 2, 2018 8:07am Mar 2, 2018 8:07am
Quoting ensale
{quote} I use fib's. W and M pattern's. 127.2/1.12 etc. best but not simple. gcad/gaud/gyen/gbpnzd.

Cheers Ensale thanks for this

Brian Dingoman-two
  • #37,788
  • Mar 2, 2018 8:37am Mar 2, 2018 8:37am
Good evening fellow traders.. I am ready for more learning of this great business with everyone here.

The market seems very volatile at the moment. However, I think with some practice, the rules can even be used to ride this bucking bronco until it settles down.
Luck has no place in trading. Leave that for the poker table.
  • #37,789
  • Mar 2, 2018 9:09am Mar 2, 2018 9:09am
YM - managed to get up +24 in this range consolidation, will be waiting for a breakout and return to trend to take another trade.
  • #37,790
  • Mar 2, 2018 9:17am Mar 2, 2018 9:17am
Quoting bmdenton23
YM - managed to get up +24 in this range consolidation, will be waiting for a breakout and return to trend to take another trade.
Similar thoughts and results for today too.
  • #37,791
  • Mar 2, 2018 9:20am Mar 2, 2018 9:20am
I see that 24243 has been tested a few times. And it also seems to be entering an area of interest. Look at all the candles from before February the market seems so chill. It really looks just like forex at the moment, in my view.
Luck has no place in trading. Leave that for the poker table.
  • #37,792
  • Mar 2, 2018 9:33am Mar 2, 2018 9:33am
I think I entered a bit early.....
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Luck has no place in trading. Leave that for the poker table.
  • #37,793
  • Mar 2, 2018 9:47am Mar 2, 2018 9:47am
Locking in some demo profit.
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Luck has no place in trading. Leave that for the poker table.
  • #37,794
  • Mar 2, 2018 9:58am Mar 2, 2018 9:58am
Out for +69 points. Had a few earlier for +7 and +6

And one for -36
Total = +46

I have grown my demo account to about 20% and a tad. Do I plan on going live after just 14 days... of course.... not! ha ha ha... I need to keep practicing and testing myself, to make sure that this isn't some lucky fluke. O.k. It is time for me to say good night. I hope all of you with live accounts that are trading tonight do awesome. Have a nice weekend.
Luck has no place in trading. Leave that for the poker table.
  • #37,795
  • Mar 2, 2018 10:04am Mar 2, 2018 10:04am
Quoting x3m-PippiN
{quote} Makes sense... I have a similar problem. Assessing strength and weakness in the moves messes with my trading. If I expect a shallow correction I pull the trigger way to early and if I expect a deep correction and there is a rotation earlier in the correction I don't take it and usually I miss a trade. That's why I was asking on the last live stream about setting a limit order at the 50% fib or just a point or two below it. It's hard for me to "unlearn" what Damian has taught us about projection, depth and momentum but my train of thought...
understand and, basically, if we have a 70% change winning , we can even enter as soon as the breakout and become a breakout traders
what i think is, i can do whatever i want, as long as i am doing something that i "would always do", and not something because i felt like it that day. ( do whatever i want , as long as its in the trade plan )

the problem with breakout trading, is that profitability goes to hell, because 70% is not 100%, and if there is one trade too "heavy", focus is lost. why not instead of 50% fib or 60% fib, put an limit order where "is affordable to you to lose" ?

my problems with swing analysis is that when it came to the time to be cool and emotionless, i would start reanalysing swings back and would always find a super small swing "and what if this is not a LH but a NSH??". I am solving this problem... i don't even care if its more profitable or less at the end of the year, as long as it gives me a clear mechanical analysis.
  • #37,796
  • Mar 2, 2018 10:05am Mar 2, 2018 10:05am
Hello,

Today demo trading +102.
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Time is an illusion, timing is an art.
  • #37,797
  • Mar 2, 2018 10:08am Mar 2, 2018 10:08am
I'm still sitting out on this one, we're tapping this trendline, all complex corrections of the session opening swing down.
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  • #37,798
  • Mar 2, 2018 10:12am Mar 2, 2018 10:12am
7 trades so far today on YM
+94 plus my first trade was +82 but accidentally left it on demo - would have been +176!
  • #37,799
  • Mar 2, 2018 10:23am Mar 2, 2018 10:23am
Quoting pereiraalex
{quote}
my problems with swing analysis is that when it came to the time to be cool and emotionless, i would start reanalysing swings back and would always find a super small swing "and what if this is not a LH but a NSH??". I am solving this problem... i don't even care if its more profitable or less at the end of the year, as long as it gives me a clear mechanical analysis.
That's the idea of not cherry picking entries. If you enter on every expectation you will end up in the same place...so if your structure analysis is wrong it would be just a small setback in terms of trading efficiency and not a dent in your PnL.
  • #37,800
  • Mar 2, 2018 10:34am Mar 2, 2018 10:34am
YM - short at 24313
Moved to BE....and out at BE, big ole swings !!!

What the heck these bulls doing? do they think this is a recovery?
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