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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

  • #39,061
  • Mar 28, 2018 9:47am Mar 28, 2018 9:47am
Quoting bmdenton23
{quote} 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
Bingo bounced right off that lower wedge line rotating at the 50% on the 89T swing.
I'm already in/out for +47
  • #39,062
  • Mar 28, 2018 9:47am Mar 28, 2018 9:47am
Stopped out that one hurt but next
If you fail to plan, you plan to fail.
  • #39,063
  • Mar 28, 2018 9:49am Mar 28, 2018 9:49am
Short on
Attached Image (click to enlarge)
Click to Enlarge Name: YM 06-18 (233 Tick) 2018_03_28.png Size: 60 KB
If you fail to plan, you plan to fail.
  • #39,064
  • Mar 28, 2018 9:49am Mar 28, 2018 9:49am
Quoting bmdenton23
{quote} Bingo bounced right off that lower wedge line rotating at the 50% on the 89T swing. I'm already in/out for +47
Hard to show this but you can see how we broke the channel, then came up to retest the lower boundary which was a perfect 50% on the 89T.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 110 KB
  • #39,065
  • Mar 28, 2018 9:50am Mar 28, 2018 9:50am
Quoting Mr. Pip
Stopped out that one hurt but next
Ditto -133 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: YM.png Size: 94 KB
  • #39,066
  • Edited 10:01am Mar 28, 2018 9:50am | Edited 10:01am
Quoting Mr. Pip
Short on {image}
There's quite a bit of support at 23700

But I'm short now at 23795
Stopped out, that was against my better judgement...argg
  • #39,067
  • Mar 28, 2018 10:00am Mar 28, 2018 10:00am
Quoting PeteH
{quote} Ditto -133 pips. {image}
I know it hurts but it the market we are dealing with these days.
If you fail to plan, you plan to fail.
  • #39,068
  • Mar 28, 2018 10:01am Mar 28, 2018 10:01am
And another loss
If you fail to plan, you plan to fail.
  • #39,069
  • Mar 28, 2018 10:03am Mar 28, 2018 10:03am
Quoting Mr. Pip
{quote} I know it hurts but it the market we are dealing with these days.
Yeah I understand. It's frustrating when trades break expectation multiple times in a row. Hit my stop -101 pips on next trade too.
  • #39,070
  • Mar 28, 2018 10:04am Mar 28, 2018 10:04am
YM - I'm short again at 23844
...update averaged in...avg now 23877
  • #39,071
  • Mar 28, 2018 10:05am Mar 28, 2018 10:05am
Expectaton failure and market made a short term NSH

Price reacted well on both the supply and demand zones.

Expectation is a deep and complex correction of the already complex market

779 preferred for long
  • #39,072
  • Mar 28, 2018 10:06am Mar 28, 2018 10:06am
Long on the longer term
Attached Image (click to enlarge)
Click to Enlarge Name: YM 06-18 (987 Tick) 2018_03_28.png Size: 63 KB
If you fail to plan, you plan to fail.
  • #39,073
  • Mar 28, 2018 10:07am Mar 28, 2018 10:07am
Quoting RajD
Expectaton failure and market made a short term NSH Price reacted well on both the supply and demand zones. Expectation is a deep and complex correction of the already complex market 779 preferred for long
I'm getting crushed on the term lately. I will move to the same chart but the immediate order flow.
If you fail to plan, you plan to fail.
  • #39,074
  • Mar 28, 2018 10:12am Mar 28, 2018 10:12am
crazy markets today...the bulls just went from one zone to another
  • #39,075
  • Mar 28, 2018 10:12am Mar 28, 2018 10:12am
Update
Attached Image (click to enlarge)
Click to Enlarge Name: YM 06-18 (1597 Tick) 2018_03_28.png Size: 47 KB
If you fail to plan, you plan to fail.
  • #39,076
  • Mar 28, 2018 10:16am Mar 28, 2018 10:16am
Quoting Mr. Pip
Long on the longer term {image}
Super nice to see those longer term trades, and very much inspiring.

But just a question, does it makes you less serious on the shorter term trades? I mean dollar wise you can screw up the short term all day and every day with 2 contracts as long as you make a few nice 30 contract trades a week. Isn't it getting hard to value the results equally?

Also in older videos you posted on YouTube, you trade the short term with 12 contracts, but now I see you trading short term with 2 most of the time. Is that due to slippage? Just wondering the reasoning, I'm not nagging or anything .

thanks in advance for answering
Ever tried. Ever failed. No matter. Try again. Fail again. Fail better
  • #39,077
  • Mar 28, 2018 10:16am Mar 28, 2018 10:16am
short term NSL
  • #39,078
  • Mar 28, 2018 10:18am Mar 28, 2018 10:18am
Quoting Mr. Pip
Update {image}
Congratulations.
  • #39,079
  • Mar 28, 2018 10:18am Mar 28, 2018 10:18am
Quoting bmdenton23
YM - I'm short again at 23844 ...update averaged in...avg now 23877
I'm out for +48

Short again at 23865
  • #39,080
  • Mar 28, 2018 10:20am Mar 28, 2018 10:20am
Hi Mr.Pip , can you post a 1597 more zoom out chart?

i cant see why you enter long with the 1597 chart

comparing post-39072 and post -39075

i dont have access to ninja trader tick chart , trading forex here.
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