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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

  • #38,161
  • Mar 8, 2018 1:50pm Mar 8, 2018 1:50pm
Quoting PeterT
{quote} I don't have experience with rollover. I noticed on Barchart website that price is different on both contracts, is that possible? And most importantly, is it possible that you lose the difference in points at rollover?
I don't roll over contracts so I can't tell you
If you fail to plan, you plan to fail.
  • #38,162
  • Mar 8, 2018 1:51pm Mar 8, 2018 1:51pm
Taken out on that Gartley for 100 points. Awesome! Next!
If you fail to plan, you plan to fail.
  • #38,163
  • Mar 8, 2018 1:53pm Mar 8, 2018 1:53pm
Quoting evocpr19
Found another trade on YM: Went long at 24720 area on 2 entries for +70 and +75
Nice, think my entry was a touch too early on that one, looks like you got in at the perfect spot after the 1:1

Moved my SL to BE and as I got in early at a higher price I was taken out.

Oh, and you make me laugh, the last couple of days saying you're finished then a few hours later you keep popping up for trades. You know you can't stay away when there is a live market happening
  • #38,164
  • Mar 8, 2018 1:53pm Mar 8, 2018 1:53pm
Quoting Mr. Pip
{quote} I don't roll over contracts so I can't tell you
Ok well it only matters for longer term trades I guess. Was just wondering..
  • #38,165
  • Mar 8, 2018 1:55pm Mar 8, 2018 1:55pm
Quoting Mr. Pip
{quote} I don't roll over contracts so I can't tell you
Does NinjaTrader just do it automatically when the contract expires?

Oh and congrats on the long term trade, your killing those this week!!
  • #38,166
  • Mar 8, 2018 1:57pm Mar 8, 2018 1:57pm
Quoting PipTrendz
{quote} Nice, think my entry was a touch too early on that one, looks like you got in at the perfect spot after the 1:1 Moved my SL to BE and as I got in early at a higher price I was taken out. Oh, and you make me laugh, the last couple of days saying you're finished then a few hours later you keep popping up for trades. You know you can't stay away when there is a live market happening
This is a real problem. I like too much trading and I have to adapt my trading a bit to my train schedule. When at home, I have more freedom to let run things.
  • #38,167
  • Mar 8, 2018 1:59pm Mar 8, 2018 1:59pm
Quoting PeterT
{quote} I don't have experience with rollover. I noticed on Barchart website that price is different on both contracts, is that possible? And most importantly, is it possible that you lose the difference in points at rollover?
If you want to hold the position overnight , you have to close the march contract and at the same time open a new june contract.
If your only daytrade close today and tommorow switch to the June data.
  • #38,168
  • Mar 8, 2018 2:00pm Mar 8, 2018 2:00pm
I have a question about trading ABCD completions.
I often trade at the C point and trail at the 1:1. Often when trailing it goes well beyond the 1:1 expectation.
So my question is when trading the D point what other confluence do you look for to increase your confidence in the trade?
For example, the trade below I lost confidence in the trade and bailed because I don't normally trade the D point (unless it's part of a retracement).
Also, how do you decide where to put your SL and TP in this situation?
Thanks all
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (233 Tick) 2018_03_08-1.png Size: 46 KB
  • #38,169
  • Mar 8, 2018 2:01pm Mar 8, 2018 2:01pm
Quoting evocpr19
{quote} This is a real problem. I like too much trading and I have to adapt my trading a bit to my train schedule. When at home, I have more freedom to let run things.
Lol, a good problem to have when you keep winning
  • #38,170
  • Mar 8, 2018 2:05pm Mar 8, 2018 2:05pm
Quoting PipTrendz
{quote} Lol, a good problem to have when you keep winning
I should not ask my wife on this. (The last trade was a bit a pain in the ..s, since it took ages for price to climb; once out, price continued fast to my intial TP area. However, did not want to sit here all the evening on this one and did not want to give back).

Update: price climbed much more as initially expected.
  • #38,171
  • Mar 8, 2018 2:14pm Mar 8, 2018 2:14pm
Quoting evocpr19
{quote} I should not ask my wife on this. (The last trade was a bit a pain in the ..s, since it took ages for price to climb; once out, price continued fast to my intial TP area. However, did not want to sit here all the evening on this one and did not want to give back). Update: price climbed much more as initially expected.
Yes the same here, trading at nights means I am sat with my laptop until 8-9pm, then is time to relax.
  • #38,172
  • Mar 8, 2018 2:15pm Mar 8, 2018 2:15pm
Quoting PipJr
I have a question about trading ABCD completions. I often trade at the C point and trail at the 1:1. Often when trailing it goes well beyond the 1:1 expectation. So my question is when trading the D point what other confluence do you look for to increase your confidence in the trade? For example, the trade below I lost confidence in the trade and bailed because I don't normally trade the D point (unless it's part of a retracement). Also, how do you decide where to put your SL and TP in this situation? Thanks all {image}
At your point of entry, trend was still for a NSL. You need to find some symmetry + structure on the left (on your chart you do not see it, but on the left there is good structure) . My demand box should be a bit higher. Yellow shows the break of structure on the intermediate. I traded the 1:1 of red, but both legs. More clear?
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-18 (233 Tick) 2018_03_08-1.png Size: 46 KB
  • #38,173
  • Mar 8, 2018 2:23pm Mar 8, 2018 2:23pm
Quoting PipJr
I have a question about trading ABCD completions. I often trade at the C point and trail at the 1:1. Often when trailing it goes well beyond the 1:1 expectation. So my question is when trading the D point what other confluence do you look for to increase your confidence in the trade? For example, the trade below I lost confidence in the trade and bailed because I don't normally trade the D point (unless it's part of a retracement). Also, how do you decide where to put your SL and TP in this situation? Thanks all {image}
Hello, I like to have structure to the left and also if it is part of something bigger from an expectation stand point. I will cover this in the live stream if you attend please remind me or someone else
If you fail to plan, you plan to fail.
  • #38,174
  • Mar 8, 2018 2:41pm Mar 8, 2018 2:41pm
Quoting evocpr19
{quote} At your point of entry, trend was still for a NSL. You need to find some symmetry + structure on the left (on your chart you do not see it, but on the left there is good structure) . My demand box should be a bit higher. Yellow shows the break of structure on the intermediate. I traded the 1:1 of red, but both legs. More clear? {image}
Hi Evo,
Thanks for the reply. I don't understand "I traded the 1:1 of red, but both legs". Not sure what you mean by this?
If I remember correctly you said you entered at 24720?
  • #38,175
  • Mar 8, 2018 2:46pm Mar 8, 2018 2:46pm
Quoting PipJr
{quote} Hi Evo, Thanks for the reply. I don't understand "I traded the 1:1 of red, but both legs". Not sure what you mean by this? If I remember correctly you said you entered at 24720?
More clear? (1:1 yellow line)
Attached Image (click to enlarge)
Click to Enlarge Name: aaab.jpg Size: 313 KB
  • #38,176
  • Mar 8, 2018 2:58pm Mar 8, 2018 2:58pm
Quoting evocpr19
{quote} More clear? (1:1 yellow line) {image}
Yes I see what you mean - The yellow line was your expectation.
But I'm not sure why you entered there. Wasn't the expectation still for a NSL like you said (until it reaches 24747)?
  • #38,177
  • Mar 8, 2018 3:07pm Mar 8, 2018 3:07pm
Quoting PipJr
{quote} Yes I see what you mean - The yellow line was your expectation. But I'm not sure why you entered there. Wasn't the expectation still for a NSL like you said (until it reaches 24747)?
Yes and no, but I do not want to confuse you. If you trade the second leg, you get an additional confirmation.
  • #38,178
  • Mar 8, 2018 3:09pm Mar 8, 2018 3:09pm
Hi Trader
I'm new and trying to follow up and learning this interesting methology of harmonic pattern and a better understanding to wards trading as whole.
Thank you all especial the creator, the mentor and the teacher of this thread Mr Pip
  • #38,179
  • Edited 6:47pm Mar 8, 2018 3:57pm | Edited 6:47pm
hi evo, great trades again, you seem to like to catch the turn once a larger abcd pattern completes into structure. I've attached how i infer this with your trades in purple. I tried sending you a pm but as a junior member I cannot.

back to this are you able to elaborate why you felt there was a change of order flow to go long? I have included two rectangles, they both appear similar patterns in the order flow yet your trade worked and the previous one wouldn't. Both were in the area of structure. If you don't want to confuse everyone would you mind elaborating in a quick pm to me? thank you.....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: evo abcd.PNG Size: 120 KB
Click to Enlarge Name: evo intermediate structure break.PNG Size: 75 KB
  • #38,180
  • Mar 8, 2018 4:33pm Mar 8, 2018 4:33pm
Quoting Tasky
Hi Trader I'm new and trying to follow up and learning this interesting methology of harmonic pattern and a better understanding to wards trading as whole. Thank you all especial the creator, the mentor and the teacher of this thread Mr Pip
Welcome aboard Tasky
If you fail to plan, you plan to fail.
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