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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

  • #39,041
  • Mar 28, 2018 8:55am Mar 28, 2018 8:55am
Quoting Mr. Pip
Broke trade management rules and left money on the table. Fight that urge to break rules guys. It happens to the best of us
The same here but it didn't cost me. I looked at the wrong fibline
Attached Image (click to enlarge)
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  • #39,042
  • Mar 28, 2018 9:01am Mar 28, 2018 9:01am
and another breakeven
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  • #39,043
  • Mar 28, 2018 9:04am Mar 28, 2018 9:04am
thanks damian.. could have made a little bit more

i think the supply zone is holding up well
  • #39,044
  • Mar 28, 2018 9:09am Mar 28, 2018 9:09am
Quoting RajD
thanks damian.. could have made a little bit more i think the supply zone is holding up well
When you draw the supply/demand zones in long term, you go back a lot or you got this zones from the most recent main swing? because some days I have this issue. thanks!
  • #39,045
  • Mar 28, 2018 9:14am Mar 28, 2018 9:14am
Quoting Robadub
{quote} When you draw the supply/demand zones in long term, you go back a lot or you got this zones from the most recent main swing? because some days I have this issue. thanks!
What is visible you don't need to go back months
If you fail to plan, you plan to fail.
  • #39,046
  • Mar 28, 2018 9:15am Mar 28, 2018 9:15am
Quoting Robadub
{quote} When you draw the supply/demand zones in long term, you go back a lot or you got this zones from the most recent main swing? because some days I have this issue. thanks!
I draw my zones on the 1597 chart on the 30 day period and then it pops up in my 233 chart. To do that, when you draw your rectangles, you right click to properties and on the right side "general" attach to all charts (it's on the drop down button).

I draw my zones in areas where price reacted most voilently
Attached Image (click to enlarge)
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  • #39,047
  • Mar 28, 2018 9:21am Mar 28, 2018 9:21am
Damian do you think the market is strengthening towards the bears since it broke the immediate structure of the bulls
  • #39,048
  • Mar 28, 2018 9:24am Mar 28, 2018 9:24am
take out +13
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Time is an illusion, timing is an art.
  • #39,049
  • Mar 28, 2018 9:25am Mar 28, 2018 9:25am
Long again
Attached Image (click to enlarge)
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If you fail to plan, you plan to fail.
  • #39,050
  • Mar 28, 2018 9:26am Mar 28, 2018 9:26am
Quoting RajD
Damian do you think the market is strengthening towards the bears since it broke the immediate structure of the bulls
Might be the market is pretty range bound overall. the expectation is for a NSH so we will see.
If you fail to plan, you plan to fail.
  • #39,051
  • Mar 28, 2018 9:28am Mar 28, 2018 9:28am
Quoting Mr. Pip
{quote} Might be the market is pretty range bound overall. the expectation is for a NSH so we will see.
I am a little lost with this complex correction
Time is an illusion, timing is an art.
  • #39,052
  • Mar 28, 2018 9:28am Mar 28, 2018 9:28am
My reasons for the strengthening of the bears

1. Supply zone held twice since market open
2. Bears broke through immediate structure of bulls making a short term NSL
  • #39,053
  • Mar 28, 2018 9:29am Mar 28, 2018 9:29am
Quoting Mr. Pip
{quote} Might be the market is pretty range bound overall. the expectation is for a NSH so we will see.
It has failed to produce a NSH twice now. I'm thinking the bears won't let it get above 24000
  • #39,054
  • Mar 28, 2018 9:33am Mar 28, 2018 9:33am
I went against the expectation about 30 minutes ago and took +21 on the short side.
We're in a wedge, I'll wait for a breakout before I take another trade.
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  • #39,055
  • Mar 28, 2018 9:33am Mar 28, 2018 9:33am
Quoting JeanValJean.
{quote} I am a little lost with this complex correction
Getting more and more complex the sellers are defending the round number
If you fail to plan, you plan to fail.
  • #39,056
  • Mar 28, 2018 9:34am Mar 28, 2018 9:34am
Maybe Long term is Bearish
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  • #39,057
  • Mar 28, 2018 9:37am Mar 28, 2018 9:37am
Still demo trading E-micro currency futures

Last trade on M6A stopped out for 33pt loss. New trade opened up at bounce of structure.

Also opened up overnight on an M6B and MIJY trade. In hindsight the MIJY is more risk than I really want to take on but we'll see what happens. My stop is a bit too conservative as harmonics on the last retracement has the correct stop at least another 25-30 points lower.

Still trying to figure out NinjaTrader and its abilities with opening trades overnight with the correct stops and profit targets. I have some research to do.

Again, please ignore ichimoku. I use it to help with structure not entries.

Hope everyone is doing well today.
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  • #39,058
  • Mar 28, 2018 9:37am Mar 28, 2018 9:37am
All aboard! Pain train on the move
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If you fail to plan, you plan to fail.
  • #39,059
  • Mar 28, 2018 9:42am Mar 28, 2018 9:42am
Im Short in demo
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  • #39,060
  • Mar 28, 2018 9:42am Mar 28, 2018 9:42am
Quoting bmdenton23
I went against the expectation about 30 minutes ago and took +21 on the short side. We're in a wedge, I'll wait for a breakout before I take another trade. {image}
And there's the wedge breakout down, might look for a short against the smaller swing on the 89T as the lower wedge trend may provide good resistance
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