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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

  • #37,981
  • Mar 6, 2018 9:35am Mar 6, 2018 9:35am
Definitely a rough day so far -207 so far.
Losing sight of order flow. I need to step away and refocus
  • #37,982
  • Mar 6, 2018 9:37am Mar 6, 2018 9:37am
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..
sorry for loss......i don't know why you are loosing? you should patience and target pair and wait for right to trigger no hurry ..i am attaching my thread link (i hope pip not mind...my intention is share and help if any problem let me know i will delete)

you can check and see it takes time .don't chase let market come to you. i target pair monthly /weekly/daily.4hpattern and order block only and wait some time 3/4 days even week to trigger
latest/todays post update but pattern/analyise 4/5 days back

https://www.forexfactory.com/showthread.php?p=10843525#post10843525
Say something meaningful or Silence!!
  • #37,983
  • Mar 6, 2018 9:42am Mar 6, 2018 9:42am
Quoting evocpr19
Could add +100 . So now, I stop. {image}
Congrats.

I think I'm feeding your account today. Presently on the pain train for a fourth consecutive time!

Stopped out
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  • #37,984
  • Mar 6, 2018 9:49am Mar 6, 2018 9:49am
Quoting PeteH
{quote} Congrats. I think I'm feeding your account today. Presently on the pain train for a fourth consecutive time! {image}
I'm now -128 on the day.
  • #37,985
  • Mar 6, 2018 9:49am Mar 6, 2018 9:49am
Quoting PeteH
{quote} Congrats. I think I'm feeding your account today. Presently on the pain train for a fourth consecutive time! {image}
I stoppped trading, so it is not me.
  • #37,986
  • Mar 6, 2018 9:57am Mar 6, 2018 9:57am
Started trailing a few points before the 1:1 was reached.
+74 points

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  • #37,987
  • Mar 6, 2018 9:59am Mar 6, 2018 9:59am
Quoting evocpr19
{quote} I stoppped trading, so it is not me.
I appreciate the reassurance and was only joking. It's just annoying when you get four losing trades in a row.
  • #37,988
  • Mar 6, 2018 10:00am Mar 6, 2018 10:00am
Quoting PeteH
{quote} I appreciate the reassurance and was only joking. It's just annoying when you get four losing trades in a row.
Sure. I hope that you get your losses quickly back and get some profit today.
  • #37,989
  • Mar 6, 2018 10:01am Mar 6, 2018 10:01am
Quoting classy
{quote} sorry for loss......i don't know why you are loosing? you should patience and target pair and wait for right to trigger no hurry ..i am attaching my thread link (i hope pip not mind...my intention is share and help if any problem let me know i will delete) you can check and see it takes time .don't chase let market come to you. i target pair monthly /weekly/daily.4hpattern and order block only and wait some time 3/4 days even week to trigger latest/todays post update but pattern/analyise 4/5 days back https://www.forexfactory.com/showthread.php?p=10843525#post10843525...
Thanks I appreciate your help. Will take a look.
Although I only trade intraday, could still pick up something useful
  • #37,990
  • Mar 6, 2018 10:06am Mar 6, 2018 10:06am
Quoting PeterT
Started trailing a few points before the 1:1 was reached. +74 points {image}
Nice job. I botched that one.
  • #37,991
  • Mar 6, 2018 10:28am Mar 6, 2018 10:28am
Trail took me out at 500 points nice trade.
If you fail to plan, you plan to fail.
  • #37,992
  • Mar 6, 2018 10:29am Mar 6, 2018 10:29am
I have a small question after my trading today...

I entered short at 1 and got taken out for a profit at 2 ..where I re-entered short.. price made an ABCD pattern so I was expecting a deep correction and possible break above the yellow horizontal line (last LH) but the swing I was trading was the second leg of the ABCD pattern so I entered short again at 3 (dumb move cause it's right at possible support) and entered a rescue mission at 4 but I got stopped out.

So my question is.. I new that the chances of PA going above the yellow line were high because of the ABCD pattern but from an expectation standpoint I was trading the correct swing..should I have skipped the 3-rd and 4-th entry and wait and see PA unfold or have I done the correct thing.
I've followed my trade plan but I kinda knew it was the wrong trade to take... what's your take on this?
Overall finished with 4 points for the day...and I'm done cause I have some errands.
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  • #37,993
  • Mar 6, 2018 10:35am Mar 6, 2018 10:35am
took 6 trades today. -30, +5, +9, +29, -7, -15. SO a small loss and I missed two entries at the start of my session, can't give a reason why I missed them but I saw the entry appearing but , for an unknown reason I didn't press the button. Maybe I was in trance of the chart. haha
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  • #37,994
  • Mar 6, 2018 10:37am Mar 6, 2018 10:37am
Quoting x3m-PippiN
I have a small question after my trading today... I entered short at 1 and got taken out for a profit at 2 ..where I re-entered short.. price made an ABCD pattern so I was expecting a deep correction and possible break above the yellow horizontal line (last LH) but the swing I was trading was the second leg of the ABCD pattern so I entered short again at 3 (dumb move cause it's right at possible support) and entered a rescue mission at 4 but I got stopped out. So my question is.. I new that the chances of PA going above the yellow line were high...
I had a similar issue. I'm thinking since 1 and 2 was a 1:1 completion in the direction of the trend, it should be treated as a swing from A to D. We know there is a 61.8 expectation for a profit target on an ABCD or 1:1 completion. I got beat twice on these. If you look at your swings to form 3 and 4, it is also a 1:1. If these swings are considered important, your swing up to 4 above the yellow line would be an NSH.

I have seen this before where a 1:1 in the direction of the trend should be treated as a single swing, not 2. Its also acceptable to take a D entry when a 1:1 occurs in a correction of a trend so I think a 1:1 is simply a single swing. I may be incorrect, but it would have saved me today. I'm going to keep this on the radar.
  • #37,995
  • Edited 11:01am Mar 6, 2018 10:39am | Edited 11:01am
ya today was a rough day for me but i realise is that once i have an expectation is kinda hard for me to change and i think today is showing it.

Trade 1: 89T P retested structure + 1 to 1 completion decided to go long Result: +2
Trade 2: 89T Took a short however stop at the wrong placement Result: -13
Trade 3: 89T went in again and expectation has to failed me at this time. Result: -23
Trade 4: 89T Expectation failure on the immediate + deep correction Result: -32
Trade 5/6/7/8: 89T from here on i kept thinking price is about some of them but i kept losing my nerve and went BE early. Result 4
Trade 9: 89T same as the above 4 trades but just this time i decided to let price flow Result -30
Trade 10: 89T Price corrected to structure Result: +42

Net Result: -50 not my worse day but at least manage to realise something
Attached Image (click to enlarge)
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  • #37,996
  • Mar 6, 2018 10:41am Mar 6, 2018 10:41am
Quoting x3m-PippiN
I have a small question after my trading today... I entered short at 1 and got taken out for a profit at 2 ..where I re-entered short.. price made an ABCD pattern so I was expecting a deep correction and possible break above the yellow horizontal line (last LH) but the swing I was trading was the second leg of the ABCD pattern so I entered short again at 3 (dumb move cause it's right at possible support) and entered a rescue mission at 4 but I got stopped out. So my question is.. I new that the chances of PA going above the yellow line were high...
I had the same confusion at that time and since there were a lot of small and bigger 1:1 completions I hesitate to enter a couple of times because I knew the expectation but these 1:1's or ABCD's made me doubt. If you look at my second screenshot you'll see that the lose trade of -7 was also a sort of rescuemission because once I saw that the ABCD completed his profittarget (81.8 of both the swings) and it turned around I knew I had to make a gracefull exit. I hope This helps?
  • #37,997
  • Mar 6, 2018 10:44am Mar 6, 2018 10:44am
Quoting Mr. Pip
Trail took me out at 500 points nice trade.
Congrats
  • #37,998
  • Mar 6, 2018 10:47am Mar 6, 2018 10:47am
Quoting Aluunatic
ya today was a rough day for me but i realise is that once i have an expectation is kinda hard for me to change and i think today is showing it. Trade 1: 89T P retested structure decided to go long Result: +2 Trade 2: 89T Took a short however stop at the wrong placement Result: -13 Trade 3: 89T went in again and expectation has to failed me at this time. Result: -23 Trade 4: 89T Expectation failure on the immediate + deep correction Result: -32 Trade 5/6/7/8: 89T from here on i kept thinking price is about some of them but i kept losing my nerve...
Did you try to protect your entries all the time?. I am asking because I see a lot of +1.

If yes, please stop it. On these small swings it will never work. You can believe me, I did this many times in the past.
  • #37,999
  • Mar 6, 2018 10:48am Mar 6, 2018 10:48am
Quoting csternfx
{quote} I had a similar issue. I'm thinking since 1 and 2 was a 1:1 completion in the direction of the trend, it should be treated as a swing from A to D. We know there is a 61.8 expectation for a profit target on an ABCD or 1:1 completion. I got beat twice on these. If you look at your swings to form 3 and 4, it is also a 1:1. If these swings are considered important, your swing up to 4 above the yellow line would be an NSH. I have seen this before where a 1:1 in the direction of the trend should be treated as a single swing, not 2. Its also acceptable...
This has been on my radar for a while but there are days like yesterday where price just keeps going up and doesn't give a f*k for 1:1's and ABCD's so I'll shoot myself in the foot if I don't trade the expectation at hand... but at the same time im giving back my profit on trades like today.

And yes I agree that in the future ABCD's should probably be considered as a whole swing.
  • #38,000
  • Mar 6, 2018 10:57am Mar 6, 2018 10:57am
Quoting x3m-PippiN
{quote} This has been on my radar for a while but there are days like yesterday where price just keeps going up and doesn't give a f*k for 1:1's and ABCD's so I'll shoot myself in the foot if I don't trade the expectation at hand... but at the same time im giving back my profit on trades like today. And yes I agree that in the future ABCD's should probably be considered as a whole swing.
Could be the individual setup that matters. The example today was a legitimate ABCD, not just a 1:1. The C point was in golden zone. It was a textbook harmonic so maybe it carries more weight than the ones we try to force to fit.
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