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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

  • #39,541
  • Apr 18, 2018 10:38am Apr 18, 2018 10:38am
Quoting monocor
I don't get this part with expectations, structure lvl failed to hold the price, what expectation on long can you have {image} {image}
That is a clear swing but on the immediate order flow you can see a very weak NSH and then a NSL and price kept on strengthening to the down side tough to see price action is today. Yoda you say it like that.
If you fail to plan, you plan to fail.
  • #39,542
  • Apr 18, 2018 10:46am Apr 18, 2018 10:46am
Taken out at +5
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If you fail to plan, you plan to fail.
  • #39,543
  • Apr 18, 2018 10:46am Apr 18, 2018 10:46am
Quoting bmdenton23
{quote} I took Mr. Pips short and the one before it, here's the way I saw it x3m. Red longer term expectations Blue medium term Yellow IOF {image}

Quoting Mr. Pip
{quote} That is a clear swing but on the immediate order flow you can see a very weak NSH and then a NSL and price kept on strengthening to the down side tough to see price action is today. Yoda you say it like that.
Thanks to both of you.
Reflecting on my thoughts today ..I had the same thing mapped out but apparently I was in conflict with myself on which orderflow to trade so I just froze..and did nothing.

I have to work on separating myself from all the information from different orderflows and just trade 1 of them. Because I find that most days there is a huge battle in my head... oh this orderflow is doing that ...the immediate orderflow is doing this ....and I don't take any trades and in the end of the day I enter the one that fails ..
well that's at least my last 2 sessions but I do have a lot of does type of days in my history.
  • #39,544
  • Apr 18, 2018 10:49am Apr 18, 2018 10:49am
EURGBP M5
Short
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  • #39,545
  • Apr 18, 2018 10:55am Apr 18, 2018 10:55am
Quoting Mr. Pip
{quote} That is a clear swing but on the immediate order flow you can see a very weak NSH and then a NSL and price kept on strengthening to the down side tough to see price action is today. Yoda you say it like that.
I am sorry mr.Pip but I still don't get it, from your words, if price didn't break the low of the swing, our expectation should be long, weak high means only deep correction. So pipin is correct from the stand point of your previous posts and videos
Even though I walk through the darkest valley, I will fear no evil
  • #39,546
  • Apr 18, 2018 11:07am Apr 18, 2018 11:07am
Done for the day

4 trades
Break Even +2
Winners +22, +35, +9
-------------------------------
+68

Unfortunately I have to report that the 12 day green streak came to an end yesterday. I didn't get to trade the morning session but decided to take a couple of after lunch trades and ended the day -24. That's the best streak I've had in terms of accuracy racking up 1391 points with 86% accuracy over 12 days. I did find that having a green streak puts a sort of pressure on you to stay green and I may have filtered out a few trades there towards the end that would've otherwise been profitable.
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  • #39,547
  • Apr 18, 2018 11:15am Apr 18, 2018 11:15am
Quoting x3m-PippiN
{quote} {quote} Thanks to both of you. Reflecting on my thoughts today ..I had the same thing mapped out but apparently I was in conflict with myself on which orderflow to trade so I just froze..and did nothing. I have to work on separating myself from all the information from different orderflows and just trade 1 of them. Because I find that most days there is a huge battle in my head... oh this orderflow is doing that ...the immediate orderflow is doing this ....and I don't take any trades and in the end of the day I enter the one that fails .....
Definitely one of the hardest things to do.
If you fail to plan, you plan to fail.
  • #39,548
  • Apr 18, 2018 11:20am Apr 18, 2018 11:20am
Quoting monocor
{quote} I am sorry mr.Pip but I still don't get it, from your words, if price didn't break the low of the swing, our expectation should be long, weak high means only deep correction. So pipin is correct from the stand point of your previous posts and videos
Price did break the low of the swing.... on the immediate order flow (IOF).
In fact, price had already made 2 consecutive NSL on the IOF and Mr. Pip traded the 3rd swing.
I traded the 2nd and 3rd swings on the IOF.

The expectation for the longer order flow was still a NSH as you said, until that failed on the 3rd IOF swing.
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  • #39,549
  • Apr 18, 2018 11:29am Apr 18, 2018 11:29am
As far as I see in both trades Mr.Pip covered left side, coz both trades was against expectations, and took trades which is Graystone trades, identify trend and take a trade in the direction of the trend. So what is the point of that "expectation" thing, which is just a trend and lvls, which even you don't follow, whats the point of wasting time ? For hours talking about nothing, if the same stuff akill explained in 1 hour, in simple way of trend and lvls, which you are trading
Even though I walk through the darkest valley, I will fear no evil
  • #39,550
  • Apr 18, 2018 11:53am Apr 18, 2018 11:53am
Although, I think the market has been wishy washy for the last few days-ish.. I think it is good practice. What if price did this for weeks or months.. Are we just going to take a break, or adapt to the market to continue to make profits through reading price action?

It is a bit past my bed time.. I noticed that the end of CD leg on the higher order flow. So, my speculation is that price will dropped a few hundred ticks.. assuming that my forecast is correct.. but who knows.
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Luck has no place in trading. Leave that for the poker table.
  • #39,551
  • Apr 18, 2018 11:57am Apr 18, 2018 11:57am
Hi All,
I took this trade on demo and would like to hear some feedback. It is a definite rescue mission which worked this time. But I don't want to rely on rescue missions, so I'd like to hear where others feel the risks are with this trade. The first entry was on the IOF. As it was going against me I decided to look at the short term order flow and stay in. Instead of exiting I took a rotation on the 61.8. This also went against me past the 78 but there was major resistance around 780 so I entered again (x2) feeling that this last entry had little risk and could give a much better average in price. It finally came down. I trailed aggressively as momentum increased and was taken out for an average +24 (x4 contracts).
I'd love to hear why you would or wouldn't have done this. And what you'd do differently.
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  • #39,552
  • Apr 18, 2018 12:05pm Apr 18, 2018 12:05pm
Quoting monocor
As far as I see in both trades Mr.Pip covered left side, coz both trades was against expectations, and took trades which is Graystone trades, identify trend and take a trade in the direction of the trend. So what is the point of that "expectation" thing, which is just a trend and lvls, which even you don't follow, whats the point of wasting time ? For hours talking about nothing, if the same stuff akill explained in 1 hour, in simple way of trend and lvls, which you are trading
You are incorrect, it's all about the expectation I did not trade against the expectation. I am trading the short term. Having the pulse of the market is extremely important.
If you fail to plan, you plan to fail.
  • #39,553
  • Apr 18, 2018 12:08pm Apr 18, 2018 12:08pm
Quoting PipJr
Hi All, I took this trade on demo and would like to hear some feedback. It is a definite rescue mission which worked this time. But I don't want to rely on rescue missions, so I'd like to hear where others feel the risks are with this trade. The first entry was on the IOF. As it was going against me I decided to look at the short term order flow and stay in. Instead of exiting I took a rotation on the 61.8. This also went against me past the 78 but there was major resistance around 780 so I entered again (x2) feeling that this last entry had little...
I would need to know what oreder flow you were trading can you draw your main swings?
If you fail to plan, you plan to fail.
  • #39,554
  • Apr 18, 2018 12:12pm Apr 18, 2018 12:12pm
Okay guys I ended up with 3 trades one good one and 2 for BE+5 so 50 points on the day
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If you fail to plan, you plan to fail.
  • #39,555
  • Apr 18, 2018 12:18pm Apr 18, 2018 12:18pm
Quoting Mr. Pip
Okay guys I ended up with 3 trades one good one and 2 for BE+5 so 50 points on the day {image}
Great job, compadre! In your view... what are the different benefits of rotation bars (candles) on the 144 tick chart versus the 233 tick chart?
Luck has no place in trading. Leave that for the poker table.
  • #39,556
  • Edited 1:24pm Apr 18, 2018 12:54pm | Edited 1:24pm
Quoting Mr. Pip
{quote} I would need to know what oreder flow you were trading can you draw your main swings?
The fibs drawn on the chart show it. The smaller fib shows the IOF which the first entry was based on. The larger fib was the reason to not exit and to add to the position instead at the 61.8 and 78.
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  • #39,557
  • Edited 1:51pm Apr 18, 2018 1:24pm | Edited 1:51pm
I have been unable to trade until now.

YM144 - Short

Entry: 24752
Target: 24686
Stop: 24779 (above recent previous swing structure)
100% Fib re-test.

Moved to BE+5

Stopped out
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  • #39,558
  • Apr 18, 2018 1:30pm Apr 18, 2018 1:30pm
Quoting Mr. Pip
Okay guys I ended up with 3 trades one good one and 2 for BE+5 so 50 points on the day {image}
Glad you are over your cold. Congratulations on today's 50 pips.
  • #39,559
  • Apr 18, 2018 2:11pm Apr 18, 2018 2:11pm
Quoting PipJr
{quote} The fibs drawn on the chart show it. The smaller fib shows the IOF which the first entry was based on. The larger fib was the reason to not exit and to add to the position instead at the 61.8 and 78. {image}
PipJr, the market hit 4 exhaustion levels, I would wait for a bigger retracement before shorting or look for the reason to buy close to these exhaustion levels?
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Always trade your own plan...I don't provide trading signals.
  • #39,560
  • Apr 18, 2018 2:16pm Apr 18, 2018 2:16pm
Quoting x3m-PippiN
{quote} Yeah ..ok that's what I don't get... going back in history the main swing is this... and we were in a complex correction of this. And that's why I didn't take the short cause it was against my expectation.
Was seeing it like you today:
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