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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

  • #39,161
  • Apr 1, 2018 9:34am Apr 1, 2018 9:34am
Quoting parviz1953
{quote} . 3) The number 3, is the magic number in trading, you see this number repeat itself in many forms , e.g. :three motive wave of Elliot, Three harmonic drive wave, three time touch before breaking a trend line, in channel trading ,etc... , in all of these situation again you see 1 out of three or four will fail, when trading with the trend and around 50% failure rate when trading against the trend. 4) If for example ,the price is trending upward, according to this rule,you may expect 3 NSH followed by 2 NSL , before price continue to go up...
Parviz1953, I've been enjoying your posts immensely, you represent knowledge, common sense (day trading street smarts) and eloquence. Sometimes I envy you (also Damian) your patience when you explaining things over and over, but I work on it. Good luck with your trading.
Always trade your own plan...I don't provide trading signals.
  • #39,162
  • Apr 1, 2018 9:54am Apr 1, 2018 9:54am
Quoting Coreg2004
{quote} Parviz1953, I've been enjoying your posts immensely, you represent knowledge, common sense (day trading street smarts) and eloquence. Sometimes I envy you (also Damian) your patience when you explaining things over and over, but I work on it. Good luck with your trading.
Thanks a lot for your kind words, but, i really consider myself a student in the beginning of the long difficult way of learning ...
  • #39,163
  • Apr 1, 2018 10:09am Apr 1, 2018 10:09am
Quoting parviz1953
{quote} Thanks a lot for your kind words, but, i really consider myself a student in the beginning of the long difficult way of learning ...
IMO we are all students in anything we do in life, we can always (if not learning something new) at least familiarize ourself with a different point of view.
Always trade your own plan...I don't provide trading signals.
  • #39,164
  • Apr 2, 2018 6:20am Apr 2, 2018 6:20am
Good Morning/Evening everyone,

Hope everyone had a great weekend

YM Outlook for the day

1597 - Price broke thorugh long term structure to the left to confirm market is overall bearish
233 - Intraday is bearish as well. Would like price to get to the 50-70 area for a potential short
  • #39,165
  • Apr 2, 2018 6:22am Apr 2, 2018 6:22am
Another great area of confluence.
Attached Image (click to enlarge)
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"Luck is when opportunity meets preparation"
  • #39,166
  • Apr 2, 2018 6:42am Apr 2, 2018 6:42am
First trade for the day on YM.. +50 points
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  • #39,167
  • Apr 2, 2018 7:39am Apr 2, 2018 7:39am
interested in shorts at 940-960
Attached Image (click to enlarge)
Click to Enlarge Name: YM 06-18 (233 Tick) 2018_04_02v1.png Size: 35 KB
  • #39,168
  • Edited 8:39am Apr 2, 2018 8:17am | Edited 8:39am
Hello Everybody...
Just a update on my EurUsd
- I trade expectation long/NSH
- I see 078 retrace /HL
- Go for 1 to 1 target
- Stop at Structure low
Thank you for watching ;-)
Attached Image (click to enlarge)
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Are you profitable? I am not... yet...
  • #39,169
  • Apr 2, 2018 8:26am Apr 2, 2018 8:26am
YM - believe I'll stop for the day, no interest in taking another short into this support, expecting a bounce, but no interest in trading against this bear move either and the market has slowed down so I'm out.

6 trades
4 BEs +1, 0, +2, +5
2 Winners +44, +21
-----------------------------
Total +73

Profitable or BE on 18 of my last 19 trades over the past 4 days.... +490
  • #39,170
  • Apr 2, 2018 8:33am Apr 2, 2018 8:33am
Quoting bmdenton23
YM - believe I'll stop for the day, no interest in taking another short into this support, expecting a bounce, but no interest in trading against this bear move either and the market has slowed down so I'm out. 6 trades 4 BEs +1, 0, +2, +5 2 Winners +44, +21 ----------------------------- Total +73 Profitable or BE on 18 of my last 19 trades over the past 4 days.... +490
Wouw... Super trading...
Are you profitable? I am not... yet...
  • #39,171
  • Apr 2, 2018 8:40am Apr 2, 2018 8:40am
Quoting Pjort
Hello Everybody... Just a update on my EurUsd - I trade expectation long/NSH - I see 078 retrace /HL - Go for 1 to 1 target - Stop at Structure low Thank you for watching ;-) {image}
I took a similar trade, nearly getting time to close it right now, too many bears on the current downtrend?
  • #39,172
  • Apr 2, 2018 8:44am Apr 2, 2018 8:44am
You're on the 1hr? I'm on 15M chart attached
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  • #39,173
  • Apr 2, 2018 9:31am Apr 2, 2018 9:31am
Quoting bmdenton23
YM - believe I'll stop for the day, no interest in taking another short into this support, expecting a bounce, but no interest in trading against this bear move either and the market has slowed down so I'm out. 6 trades 4 BEs +1, 0, +2, +5 2 Winners +44, +21 ----------------------------- Total +73 Profitable or BE on 18 of my last 19 trades over the past 4 days.... +490
U are getting to mr evo level
  • #39,174
  • Edited 9:45am Apr 2, 2018 9:32am | Edited 9:45am
Quoting Onlinepips
You're on the 1hr? I'm on 15M chart attached {image}
Hi there...
Well first of all I am for sure on a bigger time-frame and with a small demo-account...
I have decided to try trade by the expectation rules in a swing trade manner.
Trades that properly will go on for some days.
I have a building project I am doing for a client at the moment - but hopefully in 5 weeks time I will have time and money to go live trading YM futures. Or another futures instrument, depends on how it will works for me trading the London open which is my timezone...

But for now I am looking forward to build a steady approach and If I am lucky I get a believe system settled i accordance with the structure expectation system we are learning by Mr. PIP.
I seek for a 1 to 1 move and NSH in a larger timeframe than you are looking at - so hopefully the bears get knocked...
Also I am sick tired off the stop hunt that a Oanda fx platform can produce...
Attached Image (click to enlarge)
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Are you profitable? I am not... yet...
  • #39,175
  • Apr 2, 2018 1:37pm Apr 2, 2018 1:37pm
Hello,

i would like to take advantage of this particuliar day during which we saw a open drive at the US Open,
a very directionnal move to the south and total dominance of the bears.
I wanted to illustrate that the 1597 ticks chart might be more convenient to detect an engulging pattern to play the potential lower price level of the day,

when the 233 ticks is much more difficult to read (at my humble level).

Mr. Pip, do you have a specific approach to trade the extrem of a directionnal market in contrarian ?

Thanks for your kind feedbacks.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: YMM8_020418_233ticks_Sell-Off_1stdayofmonth.png Size: 306 KB
Click to Enlarge Name: YMM8_020418_1597ticks_Sell-Off_1stdayofmonth.png Size: 191 KB
  • #39,176
  • Apr 2, 2018 2:21pm Apr 2, 2018 2:21pm
Hello

Could anyone please tell me if the correct place for a stoploss is by the last "Failed NSL " point B or at point A last the last "NSL"?
I am trading long by a 1 to 1 - see the red lines...

TNX

Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2018-04-02 at 23.23.27.png Size: 213 KB
Are you profitable? I am not... yet...
  • #39,177
  • Apr 2, 2018 2:48pm Apr 2, 2018 2:48pm
Quoting Pjort
Hello Could anyone please tell me if the correct place for a stoploss is by the last "Failed NSL " point B or at point A last the last "NSL"? I am trading long by a 1 to 1 - see the red lines... TNX {image}
Hi Pjort,
I think it depends on the order flow you are trading. It looks like you are trading the longer term order. If that's the case then where you have labeled failed NSL wouldn't be accurate. The price should still create a NSL and this should be the expectation until price goes above about 1.257. Until then it looks like you are in a complex correction. If that's the case then you could start looking at the shorter term to trade which is what you have drawn on the right side of the chart.

Basically it looks like you switched order flows in the middle of the chart causing confusion. Does that make sense?
  • #39,178
  • Apr 2, 2018 8:18pm Apr 2, 2018 8:18pm
Quoting lifespirit
Hello, i would like to take advantage of this particuliar day during which we saw a open drive at the US Open, a very directionnal move to the south and total dominance of the bears. I wanted to illustrate that the 1597 ticks chart might be more convenient to detect an engulging pattern to play the potential lower price level of the day, when the 233 ticks is much more difficult to read (at my humble level). Mr. Pip, do you have a specific approach to trade the extrem of a directionnal market in contrarian ? Thanks for your kind feedbacks. {image}...
I am on a low carb diet right now to bring my weight down while building muscle. However, when I see your charts, it reminds me of spaghetti and it is making me dam hungry. Stop posting such delicious pasta looking charts. lol
Luck has no place in trading. Leave that for the poker table.
  • #39,179
  • Edited 9:37pm Apr 2, 2018 9:24pm | Edited 9:37pm
Quoting Pjort
Hello Could anyone please tell me if the correct place for a stoploss is by the last "Failed NSL " point B or at point A last the last "NSL"? I am trading long by a 1 to 1 - see the red lines... TNX {image}
Hi:
Imo , if you check one time frame higher ,H4, then you may see that long term order flow ,The red trend line , was corrected to its 78.6%, and that the general long term trend is bearish, so if i want to take a side that would be short with SL above the beginning of red line and TP at 1.21000 and BE 1.22000.
Attached Image (click to enlarge)
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And D1 time frame shows a channel that price is respecting its boundaries.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture1.PNG Size: 28 KB
  • #39,180
  • Apr 3, 2018 2:14am Apr 3, 2018 2:14am
Hi all,

I hope everyone had a good Easter.

Just an update to my previous post #39180 on the YM1597.

+600 pips on longer term. Expectation played out even though I got in at the 62.8% Fib and the rotation occurred on the 78.6% Fib.
Attached Image (click to enlarge)
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