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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

  • #37,961
  • Mar 6, 2018 6:53am Mar 6, 2018 6:53am
Quoting Mr. Pip
Sorry Traders re looked at it and adjusted to lock in more profit 500 points. The structure that should hold is higher locked in $75K {image}
I think you’re done for the month. The rest is bonus. If I ever make these kind of returns I think my wife is going to be stressed since she then probably can’t spend it all in one month because it’s to much money to spend . How would I love to see that happen
  • #37,962
  • Mar 6, 2018 7:34am Mar 6, 2018 7:34am
Good evening traders.

How is everyone doing with their order flow analysis?
Luck has no place in trading. Leave that for the poker table.
  • #37,963
  • Edited 7:59am Mar 6, 2018 7:48am | Edited 7:59am
Quoting Pair-me-up
Good evening traders. How is everyone doing with their order flow analysis?
Good Evening (afternoon hear in the UK)

On the YM 89 tick chart I see it as follows:

Very weak NSL in short term from (24983 to 24985)
NSH longer term. (134 pip main swing from 24911 to 25046)

I'm going to wait until either a NSL or NSH is achieved before I trade as the weak NSL could be a test and price may rise.

Should have noted 'NSL on chart' First one has hit. Looking for a new NSL on short term.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: YM 03-18 (89 Tick) 2018_03_06.png Size: 83 KB
Click to Enlarge Name: YM 03-18 (89 Tick) 2018_03_06 2.png Size: 90 KB
  • #37,964
  • Mar 6, 2018 7:55am Mar 6, 2018 7:55am
Quoting PeterT
{quote} Sorry to hear man. Are you trading more than 1 contract? Where did it go wrong? Dit you not follow your rules or get emotional? Would you mind sharing your trades? I'm asking because as you know I'm in the same situation lately and maybe we can learn from each others' mistakes..
Just been having a lot of things happening personally and i think i've been bringing that negativity to my trades.

Been gambling more than reading the price chart. Not to mention there have been expectation failures as well

Anyways, will be a little more focused. Maybe even trade the shorter term for reducing the risk since most of my stop losses have been above 50 points. Lets ee

How are your trades? Let me know where i can help
  • #37,965
  • Mar 6, 2018 8:09am Mar 6, 2018 8:09am
I missed to exit (got distracted) on the first 2 trades and got takent out (initial expected is the box). Second trade (2 entries) was better, but could not adjust my TP, since I got disturbed by someone. Just posting it to show, how to not do.

So ended with +70 on YM
Attached Image (click to enlarge)
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  • #37,966
  • Mar 6, 2018 8:17am Mar 6, 2018 8:17am
Quoting evocpr19
I missed to exit (got distracted) on the first 2 trades and got takent out (initial expected is the box). Second trade (2 entries) was better, but could not adjust my TP, since I got disturbed by someone. Just posting it to show, how to not do. So ended with +70 on YM {image}

Hey evocpr19, You are really good at the 89 tick chart! Is it difficult to apply Mr. Pip's rules to it? He mentioned that there are a lot of rotation candles on it.
Luck has no place in trading. Leave that for the poker table.
  • #37,967
  • Mar 6, 2018 8:23am Mar 6, 2018 8:23am
Hello
Talk about being Calm I have today met with a Office hotel in wich I am going to rent a small closed office where I am planing to sit trading futse or DAX at London opening.
Only 2 hours every day making the fameus 20 tick.
I Will try to be the super charp sportman 2 hours a day.
As a experiensed kite Wave surfer I would never be out in hard cold Wind and 4 meter tall waves in more than 2 hours - so why should I do trade more than 2 hours as pro trader where the game demands the most of a person. Anyway, as a beginner at least.
I remember ones Linda Rasche told about a pro that only ones a week had the right setup and traded that. With great $$$ succes. So cool - I want to be cool.
The in Real life truth is that I dont get the space and silence at home bc of family business,,, so many ways to tell a story
all the best trading to you guys!!!
Are you profitable? I am not... yet...
  • #37,968
  • Mar 6, 2018 8:28am Mar 6, 2018 8:28am
Quoting Pair-me-up
{quote} Hey evocpr19, You are really good at the 89 tick chart! Is it difficult to apply Mr. Pip's rules to it? He mentioned that there are a lot of rotation candles on it.
Thank you. It is important to have realisitic expectation and then you can ignore the other rotation candles.
  • #37,969
  • Mar 6, 2018 8:35am Mar 6, 2018 8:35am
Quoting evocpr19
{quote} Thank you. It is important to have realisitic expectation and then you can ignore the other rotation candles.
Will you put into words what you consider a realistic expectation on the 89t?

Your results are very inspiring. I understand the structure analysis. It is very straight forward. I am still learning to assess the strength and weakness of the market.
I also noticed that you have a Moving Average plotted on your chart.

Is that a sma? and is that set to 300?
Luck has no place in trading. Leave that for the poker table.
  • #37,970
  • Mar 6, 2018 8:43am Mar 6, 2018 8:43am
Hello Traders I won’t be joining you all for active trading today. Tomorrow I will please remember the live stream next week the 14 the link will be posted here that morning. I am away from my desk today on family issues. I will be checking in on my trade throughout the day and updating you as time permits. Tomorrow I will day trade with you all.
If you fail to plan, you plan to fail.
  • #37,971
  • Mar 6, 2018 8:55am Mar 6, 2018 8:55am
Quoting Pair-me-up
{quote} Will you put into words what you consider a realistic expectation on the 89t? Your results are very inspiring. I understand the structure analysis. It is very straight forward. I am still learning to assess the strength and weakness of the market. I also noticed that you have a Moving Average plotted on your chart. Is that a sma? and is that set to 300?
Forget the SMA. It means nothing. It is an old habit that I have to havve it. I do not use it, but like it to have it on the chart. Do not know why.

Realistic expectation is for example 1:1 moves of your reference swing.

PS: Went short at the begin and ended +79 and then long with two entries (+31 and +32). Done for today (+212)
  • #37,972
  • Mar 6, 2018 8:57am Mar 6, 2018 8:57am
Quoting Mr. Pip
Hello Traders I won’t be joining you all for active trading today. Tomorrow I will please remember the live stream next week the 14 the link will be posted here that morning. I am away from my desk today on family issues. I will be checking in on my trade throughout the day and updating you as time permits. Tomorrow I will day trade with you all.
I am looking forward to the next live stream. I listened back to the 27th Feb stream and found it very useful. Thank you.
  • #37,973
  • Mar 6, 2018 8:59am Mar 6, 2018 8:59am
Quoting evocpr19
{quote} Forget the SMA. It means nothing. It is an old habit that I have to havve it. I do not use it, but like it to have it on the chart. Do not know why. Realistic expectation is for example 1:1 moves of your reference swing. PS: Went short at the begin and ended +79 and then long with two entries (+31 and +32). Done for today (+212)
Congrats.
  • #37,974
  • Mar 6, 2018 9:12am Mar 6, 2018 9:12am
First one of the day
YM +45 trailed decision candles when reaching 1:1

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 157 KB
  • #37,975
  • Mar 6, 2018 9:15am Mar 6, 2018 9:15am
Quoting PeterT
First one of the day YM +45 trailed decision candles when reaching 1:1 {image}
Took the same trade.
  • #37,976
  • Mar 6, 2018 9:17am Mar 6, 2018 9:17am
Quoting evocpr19
{quote} Forget the SMA. It means nothing. It is an old habit that I have to havve it. I do not use it, but like it to have it on the chart. Do not know why. Realistic expectation is for example 1:1 moves of your reference swing. PS: Went short at the begin and ended +79 and then long with two entries (+31 and +32). Done for today (+212)

You did better than yesterday... I think you will be a full time trader soon.

I know that you mentioned that you are trading live.. how long have you been trading live now?
Luck has no place in trading. Leave that for the poker table.
  • #37,977
  • Mar 6, 2018 9:20am Mar 6, 2018 9:20am
I'm struggling today with the YM 89 tick -27, -29 & -24 = -80

Hopefully I can erase these losses with one winner next but another poor start.
Attached Image (click to enlarge)
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  • #37,978
  • Mar 6, 2018 9:22am Mar 6, 2018 9:22am
Quoting RajD
{quote} Just been having a lot of things happening personally and i think i've been bringing that negativity to my trades. Been gambling more than reading the price chart. Not to mention there have been expectation failures as well Anyways, will be a little more focused. Maybe even trade the shorter term for reducing the risk since most of my stop losses have been above 50 points. Lets ee How are your trades? Let me know where i can help
Same problem. Also was letting emotions get me, rushing into trades, scalping and protecting too early.
Today trying to not do all of that.
Good luck, wish you fast recovery
  • #37,979
  • Mar 6, 2018 9:31am Mar 6, 2018 9:31am
Could add +100 . So now, I stop.
Attached Image (click to enlarge)
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  • #37,980
  • Mar 6, 2018 9:32am Mar 6, 2018 9:32am
Quoting PeteH
I'm struggling today with the YM 89 tick -27, -29 & -24 = -80 Hopefully I can erase these losses with one winner next but another poor start. {image}
Same for me this morning. Actually I keep trying to take 233T trades, the 89T have been going ok, but I'm -71 thus far.
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