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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

  • #39,841
  • Apr 24, 2018 10:09am Apr 24, 2018 10:09am
Quoting Mr. Pip
{quote} Tough trade though I was thinking to get long again in the longer term just not happy about the selling strength. This is the area I got long yesterday.
Yes, strong selling continues. The buyers seem to struggle.
  • #39,842
  • Apr 24, 2018 10:13am Apr 24, 2018 10:13am
Was also able to get +82 today. I had it in my trading plan to take the first swing sell but I didn't like the rotation on it. Oh well beggars cant be choosers.
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  • #39,843
  • Apr 24, 2018 10:18am Apr 24, 2018 10:18am
Quoting Mr. Pip
{quote} Tough trade though I was thinking to get long again in the longer term just not happy about the selling strength. This is the area I got long yesterday.

I agree about the selling strength. I am also noticing this area. I still think the bulls want to gored the bears.. but I don't know what they are waiting for.

I see price being rejected in about the same area on my m30
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Luck has no place in trading. Leave that for the poker table.
  • #39,844
  • Apr 24, 2018 10:31am Apr 24, 2018 10:31am
EU right now. Still getting confused by the immediate and not so immediate orderflow, but slowly making progress.
Thanks for keeping the streams available.
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  • #39,845
  • Apr 24, 2018 10:41am Apr 24, 2018 10:41am
Ok, so I ran into internet issues and had to call NinjaTrader's order desk to liquidate my position my connection came back. So I think I will quit for the day 105 points.
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If you fail to plan, you plan to fail.
  • #39,846
  • Apr 24, 2018 10:45am Apr 24, 2018 10:45am
Quoting Mr. Pip
Ok, so I ran into internet issues and had to call NinjaTrader's order desk to liquidate my position my connection came back. So I think I will quit for the day 105 points. {image}
Internet issues sounds scary to me for this business. I am glad that you were able to liquidate your position with positive ticks.
Luck has no place in trading. Leave that for the poker table.
  • #39,847
  • Apr 24, 2018 10:49am Apr 24, 2018 10:49am
And got taken out.
Moved the SL to 38,2. And greed got to me and moved it even closer and got taken out.
All in all a decent +150, but might've gotten more out of her if I managed my trades like an actual human being that likes money.
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  • #39,848
  • Apr 24, 2018 10:55am Apr 24, 2018 10:55am
Quoting Pair-me-up
{quote} Internet issues sounds scary to me for this business. I am glad that you were able to liquidate your position with positive ticks.
It's in the trade plan. Does not matter where it is get flat ASAP
If you fail to plan, you plan to fail.
  • #39,849
  • Apr 24, 2018 10:57am Apr 24, 2018 10:57am
OK Traders,

I will look into the stream for next week mid week I will look at my schedule to see what is best. I will announce it tomorrow.
If you fail to plan, you plan to fail.
  • #39,850
  • Apr 24, 2018 10:58am Apr 24, 2018 10:58am
Quoting siimduud
And got taken out. Moved the SL to 38,2. And greed got to me and moved it even closer and got taken out. All in all a decent +150, but might've gotten more out of her if I managed my trades like an actual human being that likes money. {image}

I am still trying to retrain some old mental habits from training the wrong way. I think that if I had found this thread with the suggested study materials related to it, then I wouldn't have reinforced so many bad habits. So, I am trying to break the chain of old habits and form better ones that are more mechanical.

Nevertheless.. you seem to be doing really great!!
Luck has no place in trading. Leave that for the poker table.
  • #39,851
  • Apr 24, 2018 10:58am Apr 24, 2018 10:58am
Probably over-traded today, got pretty aggressive on the IOF at times....

7 trades
Break Even +1, +0, -1
Losers -30
Winners +47, +29, +10
-----------------------------
Total +56
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  • #39,852
  • Apr 24, 2018 11:04am Apr 24, 2018 11:04am
O.k. I just kept getting whipped tonight.

O.k. I have to admit to myself that sometimes, I have a problem of trading what I think, or want to happen versus what I actually see. I think that once I get passed this mental challenge, I will do better.

Anyways.. thanks for the advice Mr. Pip. I will diligently practice it!! Hopefully I can practice tomorrow night. My wife and I will go see the Avengers tomorrow.

Alright good night all, and keep it mechanical.
Luck has no place in trading. Leave that for the poker table.
  • #39,853
  • Apr 24, 2018 11:07am Apr 24, 2018 11:07am
Quoting Mr. Pip
OK Traders, I will look into the stream for next week mid week I will look at my schedule to see what is best. I will announce it tomorrow.
Looking forward to it.
  • #39,854
  • Apr 24, 2018 11:08am Apr 24, 2018 11:08am
Quoting siimduud
EU right now. Still getting confused by the immediate and not so immediate orderflow, but slowly making progress. Thanks for keeping the streams available. {image}
Holly Molly! didn't see it was the Euro, at first I thought you were trading with 500 000 contracts of DOW!!
  • #39,855
  • Apr 24, 2018 11:09am Apr 24, 2018 11:09am
Quoting Pair-me-up
O.k. I just kept getting whipped tonight. O.k. I have to admit to myself that sometimes, I have a problem of trading what I think, or want to happen versus what I actually see. I think that once I get passed this mental challenge, I will do better. Anyways.. thanks for the advice Mr. Pip. I will diligently practice it!! Hopefully I can practice tomorrow night. My wife and I will go see the Avengers tomorrow. Alright good night all, and keep it mechanical.
I'm still learning too. I'm -107 on the 1 trade I made today.
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  • #39,856
  • Edited Apr 25, 2018 6:18am Apr 24, 2018 11:11am | Edited Apr 25, 2018 6:18am
Quoting Pair-me-up
O.k. I just kept getting whipped tonight. O.k. I have to admit to myself that sometimes, I have a problem of trading what I think, or want to happen versus what I actually see. I think that once I get passed this mental challenge, I will do better. Anyways.. thanks for the advice Mr. Pip. I will diligently practice it!! Hopefully I can practice tomorrow night. My wife and I will go see the Avengers tomorrow. Alright good night all, and keep it mechanical.
Locked in +2 BE earlier. Too much selling power for me and the bulls could not fight hard enough. At least my view on the chart. Skip this one and go with the next one tomorrow. Sometimes I also find myself in situations where I am very focused on my expectation, "forgetting" to look/react on the price action that happens in the meantime. Not confusing orderflow, just staying ahead of the price.
  • #39,857
  • Apr 24, 2018 11:17am Apr 24, 2018 11:17am
Quoting ForeverNewb
{quote} Holly Molly! didn't see it was the Euro, at first I thought you were trading with 500 000 contracts of DOW!!
Haha, oh how I wish that were the case. That would've been some payday.
  • #39,858
  • Apr 24, 2018 11:43am Apr 24, 2018 11:43am
Quoting bmdenton23
Probably over-traded today, got pretty aggressive on the IOF at times.... 7 trades Break Even +1, +0, -1 Losers -30 Winners +47, +29, +10 ----------------------------- Total +56 {image}
that's awesome!! You have some kind of record Where do you put all your trades?
I think I need to write the trades that I do for not over trade.
  • #39,859
  • Apr 24, 2018 11:59am Apr 24, 2018 11:59am
1 more today and I'll quit I promise....
+65
----------------
Total +121
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  • #39,860
  • Apr 24, 2018 12:04pm Apr 24, 2018 12:04pm
Quoting Robadub
{quote} that's awesome!! You have some kind of record Where do you put all your trades? I think I need to write the trades that I do for not over trade.
The last 18 days have been a record for me Robadub. I'm hoping I can continue this or at least some semblance of this accuracy.
16 Winning days, 2 losing days
85% accuracy on 91/107 trades
+1737 pts
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