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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

  • #38,981
  • Mar 27, 2018 7:44am Mar 27, 2018 7:44am
Quoting Mr. Pip
Sellers trying to com back in. Let's go you stinking bulls {image}
Further to my previous post regarding Break Even. On your present trade would you move to BE after the price reaches 24282 (i.e. NSH territory?) or sooner?
  • #38,982
  • Mar 27, 2018 7:44am Mar 27, 2018 7:44am
Quoting Sheeep44
{quote} haha thanks buddy. I sincerely don't really care as much, because if I take the same setup over and over again, it is impossible to lose money, deviating from my trading plan that is what f*cks me up haha. Psychology is key, especially with daytrading. You also trading today?
Just a small -5 loss. I was waiting to get a good rotation short but I broke a rule and entered on a stronger CD leg so I exited. Now I'm just waiting and watching. Since price broke structure at the brown line and is stuck at that support zone I'm waiting to see what happens.
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  • #38,983
  • Mar 27, 2018 7:44am Mar 27, 2018 7:44am
Quoting Sheeep44
Psychology is key, especially with daytrading.
Agree so muuucchhh on this !
  • #38,984
  • Mar 27, 2018 7:47am Mar 27, 2018 7:47am
Quoting Sheeep44
{quote} We should try to 'fix' our mind, to not see winning as 'good' and losing as 'bad'. Every business owner has costs. See it that way, trying to train our mind to take ' good' trades, whether that be 10 winners or losers in a row, as long as the setup is valid, everything is going to work out, OVER THE LONGER TERM. not thinking days, but weeks / months. Building an empire here, one post at a time everyone together! LETS GET AFTER IT GUYS AND GIRLS.
BRAVO!!!
If you fail to plan, you plan to fail.
  • #38,985
  • Mar 27, 2018 7:49am Mar 27, 2018 7:49am
Quoting PeteH
{quote} Further to my previous post regarding Break Even. On your present trade would you move to BE after the price reaches 24282 (i.e. NSH territory?) or sooner?
I got to the BE at 258 as there was structure there and I was up enough on the points
If you fail to plan, you plan to fail.
  • #38,986
  • Mar 27, 2018 7:53am Mar 27, 2018 7:53am
Quoting pereiraalex
{quote} Agree so muuucchhh on this !
We are all trading roughly the same strategy, but the reason why some make and a lot lose money, is the thing between our ears. So we need to tackle that area first, then the rest will follow.
"Luck is when opportunity meets preparation"
  • #38,987
  • Mar 27, 2018 7:53am Mar 27, 2018 7:53am
Got taken out at 90 points so net +33 points on the day erased the losses.
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If you fail to plan, you plan to fail.
  • #38,988
  • Mar 27, 2018 7:55am Mar 27, 2018 7:55am
I could now be like, urghh I need to get out at BE, and another 1000 reasons, but not the one reason in my trade plan, the only rule that matters.
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"Luck is when opportunity meets preparation"
  • #38,989
  • Mar 27, 2018 7:56am Mar 27, 2018 7:56am
-73+78=+5
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Time is an illusion, timing is an art.
  • #38,990
  • Mar 27, 2018 8:00am Mar 27, 2018 8:00am
Have a question. how to do partial exits for eg. 1 contract exit on a 2 contract trade

cant seem to find anything on ninja trader
  • #38,991
  • Mar 27, 2018 8:02am Mar 27, 2018 8:02am
I traded the first swing a little differently since the market has been regularly overrunning the logical stop placement for the last 2 weeks on the 233T.
My stop was just above my last entry, and each of those entries are 1/3rds of my total position, not full positions.
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  • #38,992
  • Mar 27, 2018 8:02am Mar 27, 2018 8:02am
Quoting RajD
Have a question. how to do partial exits for eg. 1 contract exit on a 2 contract trade cant seem to find anything on ninja trader
Assuming you have the TP and SL from the ATM on your chart, you can right click your TP line and increase/decrease placement on 1 contract and it splits the line in 2. Or you can setup the ATM to put 2 separate TPs on your chart and place accordingly.
  • #38,993
  • Mar 27, 2018 8:06am Mar 27, 2018 8:06am
Quoting RajD
Have a question. how to do partial exits for eg. 1 contract exit on a 2 contract trade cant seem to find anything on ninja trader
I think that is with the buy/sell button. If you buy 2 contracts, you have to change the lot to 1 contract in the ATM. and then you press the sell button to close 1 contract.
  • #38,994
  • Mar 27, 2018 8:08am Mar 27, 2018 8:08am
Quoting RajD
Have a question. how to do partial exits for eg. 1 contract exit on a 2 contract trade cant seem to find anything on ninja trader
Right click on the chart at the price level you want a enter a sell or buy limit and adjust it to 1 there are youtube videos that show you how to do it.
If you fail to plan, you plan to fail.
  • #38,995
  • Mar 27, 2018 8:09am Mar 27, 2018 8:09am
Quoting bmdenton23
I traded the first swing a little differently since the market has been regularly overrunning the logical stop placement for the last 2 weeks on the 233T. My stop was just above my last entry, and each of those entries are 1/3rds of my total position, not full positions. {image}
I've noticed this a lot recently too. Smart trading!
  • #38,996
  • Mar 27, 2018 8:12am Mar 27, 2018 8:12am
Quoting Robadub
{quote} I think that is with the buy/sell button. If you buy 2 contracts, you have to change the lot to 1 contract in the ATM. and then you press the sell button to close 1 contract.
No let me see if I find a video for you guys
If you fail to plan, you plan to fail.
  • #38,997
  • Mar 27, 2018 8:19am Mar 27, 2018 8:19am
This gives you an idea on how to do it

https://youtu.be/GBj34KWMAX0
If you fail to plan, you plan to fail.
  • #38,998
  • Mar 27, 2018 8:24am Mar 27, 2018 8:24am
Quoting Mr. Pip
{quote} The chart below explains the trade. Basically there were clear areas that the sellers needed to defend and they did not. This was my reasoning on my first intraday long I knew this market had a very high chance of going up and the intraday order flow over night was very bullish but it is what it is . I capitalized on the longer term. Let me know is you understand my chart or need further explanation? {image}
Thankyou.

This is very well explained.
  • #38,999
  • Edited 8:45am Mar 27, 2018 8:32am | Edited 8:45am
YM - I'm long at 24246, Moving to BE...
...update locking in +30
...update locking in +40
...update locking in +75
...update aggressively trailing with 1/2 position....
...sold 1/2 pos at 24380...
  • #39,000
  • Edited 8:57am Mar 27, 2018 8:38am | Edited 8:57am
After patiently waiting all morning, lets see how this goes!

Edit: -5 +-5 = -10 on the day
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