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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

  • #37,861
  • Mar 5, 2018 7:40am Mar 5, 2018 7:40am
Good evening, traders

So, are we looking for a new structure high or low on the 233 tick chart?

My other trade got stopped out for about 26 demo points.

Honing my skills with all of you.

I am long again.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (233 Tick) 2018_03_05.png Size: 28 KB
Luck has no place in trading. Leave that for the poker table.
  • #37,862
  • Mar 5, 2018 7:40am Mar 5, 2018 7:40am
Quoting Pair-me-up
{quote} A weaker dollar is actually better for the export industry. Why do you think most countries want a weaker currency? They can be sellers and make money, instead of only being buyers with a credit card. Why else do some countries peg their currency to the USD. A weaker dollar will make US products more affordable to other countries. More sells will increase the stock market for export related items in my view.
Agree. A weaker dollar makes American goods more price-competitive in foreign markets as they are cheaper in local currency.

Trump seemed to started a trade war during the last weekend as he threatened European carmakers and claimed a hefty tariff on aluminium and steel import. Related countries will counterattack should their interest compromised.

Should I expect a complex correction in dollar pairs?
Only with true heart one can see rightly
  • #37,863
  • Mar 5, 2018 7:43am Mar 5, 2018 7:43am
Quoting Pair-me-up
Good evening, traders So, are we looking for a new structure high or low on the 233 tick chart? My other trade got stopped out for about 26 demo points. Honing my skills with all of you. I am long again. {image}
I would say that a new structure has formed or is forming. It is unlikely for us to expect an NSL so I think your long position is sensible.
Only with true heart one can see rightly
  • #37,864
  • Mar 5, 2018 7:52am Mar 5, 2018 7:52am
Closed for 8 demo points...

I seem to have a problem setting stop loss on Ninja trader... I thought I set it.. and price just moved through it without close the position. And they expect people to master their platform on demo within 14 days.. Sounds like hard sales tactics to me. ha ha ha
Luck has no place in trading. Leave that for the poker table.
  • #37,865
  • Edited 3:23pm Mar 5, 2018 7:52am | Edited 3:23pm
Nearly +62 net on YM so far. So will only take additional trades, if they appear to me very high probability to succeed.

NB: After having received several PMs requesting help. I just wish to highlight, that I am only willing to invest my time, if the person concerned show active participation in the thread. This is also to see how the person is trading over several days/weeks and if I cannot help at all, maybe someone else in the thread has a better idea for help.
The above does not exclude later on more individual help behind the scene, but it is a basic requirement for me.
I am not interested in money results and it would be nice to see all trades (especially those which went wrong; I am not wishing it, but on trades which worked out is little to optimise).
It would be nice if an interested person could trade YM on tick charts and specify what the expected TP was at the time of entering the trade. This would make my life a bit easier, since I trade it also and given the fact that I am rubbish on timebased charts.
However, please bear in mind that I neither a professional trader nor a teacher.
  • #37,866
  • Mar 5, 2018 7:59am Mar 5, 2018 7:59am
Quoting evocpr19
Nearly +62 net on YM so far. So will only take additional trades, if they appear to me very high probability to succeed. NB: After having received several PMs requesting help. I just wish to highlight, that I am only willing to invest my time, if the person concerned show active participation in the thread. This is also to see how the person is trading over several days/weeks and if I cannot help at all, maybe someone else in the thread has a better idea for help. The above does not exclude later on more individual help behind the scene, but it...
  • #37,867
  • Mar 5, 2018 8:34am Mar 5, 2018 8:34am
Good evening guys

YM Outlook

on 233T - Price made a NSL. Since it was a expectation failure, would expect a deeper complex correction.

Long term is a NSL as well. So confluence between both orderflows
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (233 Tick) 2018_03_05v1.png Size: 44 KB
  • #37,868
  • Mar 5, 2018 8:47am Mar 5, 2018 8:47am
Well that was a quick one entered long and got to the BE and taken
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (144 Tick) 2018_03_05.png Size: 44 KB
If you fail to plan, you plan to fail.
  • #37,869
  • Mar 5, 2018 8:56am Mar 5, 2018 8:56am
Long again...
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (233 Tick) 2018_03_05.png Size: 36 KB
Luck has no place in trading. Leave that for the poker table.
  • #37,870
  • Mar 5, 2018 8:57am Mar 5, 2018 8:57am
Quoting Pair-me-up
Long again... {image}
What instrument is this? I thought it's Fibre.
Only with true heart one can see rightly
  • #37,871
  • Mar 5, 2018 8:59am Mar 5, 2018 8:59am
Out for 5 demo points... looking for another entry.
Luck has no place in trading. Leave that for the poker table.
  • #37,872
  • Mar 5, 2018 9:00am Mar 5, 2018 9:00am
Quoting goodluckh4
{quote} What instrument is this? I thought it's Fibre.
It is the Dow Jones Mini..

YM is the ticker
Luck has no place in trading. Leave that for the poker table.
  • #37,873
  • Mar 5, 2018 9:01am Mar 5, 2018 9:01am
Quoting Pair-me-up
Long again... {image}
Isn't the intraday expectation for a NSL ?

I'm short ...f'd up my first long trade on the immediate ..
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (233 Tick) 2018_03_05.png Size: 52 KB
  • #37,874
  • Mar 5, 2018 9:05am Mar 5, 2018 9:05am
First trade BE
trade went against me immediately, corrected 100%, then came back.
A few ticks before structure I was happy to go to BE because I was already emotionally drained LOL
I guess just thinking you will not be emotional is not enough, it will have to come with time and experience

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 80 KB
  • #37,875
  • Mar 5, 2018 9:05am Mar 5, 2018 9:05am
Quoting x3m-PippiN
{quote} Isn't the intraday expectation for a NSL ? I'm short ...f'd up my first long trade on the immediate .. {image}
I am still learning... I think it depends on what order flow you are trading.
Luck has no place in trading. Leave that for the poker table.
  • #37,876
  • Edited 9:20am Mar 5, 2018 9:09am | Edited 9:20am
Could add to my first trade +17, +26, +47. End with +150 net. Do not have time to take more trades.
  • #37,877
  • Mar 5, 2018 9:14am Mar 5, 2018 9:14am
Quoting Pair-me-up
Closed for 8 demo points... I seem to have a problem setting stop loss on Ninja trader... I thought I set it.. and price just moved through it without close the position. And they expect people to master their platform on demo within 14 days.. Sounds like hard sales tactics to me. ha ha ha
Never had an issue like this.
  • #37,878
  • Mar 5, 2018 9:22am Mar 5, 2018 9:22am
Quoting Pair-me-up
Closed for 8 demo points... I seem to have a problem setting stop loss on Ninja trader... I thought I set it.. and price just moved through it without close the position. And they expect people to master their platform on demo within 14 days.. Sounds like hard sales tactics to me. ha ha ha
you request for additional 2 weeks of data once you are done and if you are done with that and still need training you can always use another email address that worked for me until i went live and its still a totally different game for me even today.
  • #37,879
  • Mar 5, 2018 9:23am Mar 5, 2018 9:23am
Quoting evocpr19
{quote} Never had an issue like this.
I just started using their platform 2 weeks ago. It seems to have a lot of bells and whistles, that I am not familiar with yet. However, I am getting there. By the way... do you trade the London market for the YM and the NQ?
Luck has no place in trading. Leave that for the poker table.
  • #37,880
  • Mar 5, 2018 9:27am Mar 5, 2018 9:27am
Quoting Pair-me-up
{quote} I just started using their platform 2 weeks ago. It seems to have a lot of bells and whistles, that I am not familiar with yet. However, I am getting there. By the way... do you trade the London market for the YM and the NQ?
From time to time yes, but normally I wait for NY open
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