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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

  • #40,641
  • May 18, 2018 12:16pm May 18, 2018 12:16pm
Pretty late evening session, looking for shorts.
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"Luck is when opportunity meets preparation"
  • #40,642
  • May 18, 2018 12:59pm May 18, 2018 12:59pm
Hey Prock that's a very nice results charting system you showed today. Any chance you could make it available for others to use. Nice week you had this week trading only 4 days.
  • #40,643
  • May 18, 2018 1:14pm May 18, 2018 1:14pm
Good job Prock!

Day
+59

Week finishing in the red...
20x Trades
10x Winners (3x BE)
10x Losers
50% w/l
-129 pts

May
+206 pts
+37 effective pts (ouch)
  • #40,644
  • May 18, 2018 1:32pm May 18, 2018 1:32pm
Quoting bmdenton23
Good job Prock! Day +59 Week finishing in the red... 20x Trades 10x Winners (3x BE) 10x Losers 50% w/l -129 pts May +206 pts +37 effective pts (ouch)
Dont worry, your results still look good overall. There will be times of Drawdown. The Market is really shitty to trade this Week since completly in Balance (Range).
Interesting for me was that my 1:1 targets where almost never reached. Always fell a litte short
  • #40,645
  • May 18, 2018 2:58pm May 18, 2018 2:58pm
Quoting Rgo
Hey Prock that's a very nice results charting system you showed today. Any chance you could make it available for others to use. Nice week you had this week trading only 4 days.
Unfortunately, because I made the chart on Numbers (which is like excel for Mac) I can't upload it on here. I've tried previously as I've been messaged a few times about the file but when I go to upload it- it says Error: this file type is not supported. I just made the chart which if you have excel you should be able to do and enter everything manually at the end of my trading day.
  • #40,646
  • May 18, 2018 3:05pm May 18, 2018 3:05pm
Quoting bmdenton23
Good job Prock! Day +59 Week finishing in the red... 20x Trades 10x Winners (3x BE) 10x Losers 50% w/l -129 pts May +206 pts +37 effective pts (ouch)
I wouldn't worry too much about it. March and April I was down -70% on my trading account. I couldn't believe the shit I got myself into. Every weekend I would go back studying the YM for the last 10 years of data and picked my favourite tick chart to study the YM on. The last 3 weeks I'm up +30% on my account. Truthfully I thought I'd never be able to recover because my account was getting so low I was scared I wouldn't even be able to trade 1 contract.

Anyways, enough of my rambling... remember its just a bad week not a bad year.
  • #40,647
  • May 18, 2018 5:03pm May 18, 2018 5:03pm
Quoting Prock
{quote} Unfortunately, because I made the chart on Numbers (which is like excel for Mac) I can't upload it on here. I've tried previously as I've been messaged a few times about the file but when I go to upload it- it says Error: this file type is not supported. I just made the chart which if you have excel you should be able to do and enter everything manually at the end of my trading day.
Did you try to export as excel file?
  • #40,648
  • May 18, 2018 8:20pm May 18, 2018 8:20pm
operating in the dangerous zone. bearish momentum, retreat, abc and candlestick pattern, more volume. FE, confluence of FE 5M and 1H. Trade
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  • #40,649
  • May 18, 2018 11:26pm May 18, 2018 11:26pm
Quoting bmdenton23
Good job Prock! Day +59 Week finishing in the red... 20x Trades 10x Winners (3x BE) 10x Losers 50% w/l -129 pts May +206 pts +37 effective pts (ouch)
I still think you are doing great. At first I thought I was the only one getting whipsawed this week, but then when I saw the more experienced traders having a bad week, then I knew it wasn't just me.

If I hadn't seen the more experienced traders having a bad week as well, that would have extra killed my confidence in learning this system.

I ended up gaining 2 percent this week and then losing it. Nothing seemed to work.

Of course getting whipped will just remind me that I must study harder and try to find what I over looked. However, since this is also about probabilities.. I shouldn't beat myself up to bad, since the market will do that for me. lol
Luck has no place in trading. Leave that for the poker table.
  • #40,650
  • May 19, 2018 4:15am May 19, 2018 4:15am
Quoting Prock
{quote} Unfortunately, because I made the chart on Numbers (which is like excel for Mac) I can't upload it on here. I've tried previously as I've been messaged a few timecls about the file but when I go to upload it- it says Error: this file type is not supported. I just made the chart which if you have excel you should be able to do and enter everything manually at the end of my trading day.
Click the formart and on the top left corner search for.. ‘save as’ and then you can dave it like an excel format. You can do the same with pages, with Word. It should work.
"Luck is when opportunity meets preparation"
  • #40,651
  • May 19, 2018 4:16am May 19, 2018 4:16am
Quoting Prock
{quote} Unfortunately, because I made the chart on Numbers (which is like excel for Mac) I can't upload it on here. I've tried previously as I've been messaged a few times about the file but when I go to upload it- it says Error: this file type is not supported. I just made the chart which if you have excel you should be able to do and enter everything mahow
nually at the end of my trading day.
How do you get tick-charts on a mac. I have windows parrallels. But that sh*t is just bad.. Since you are trading on a mac, how do you het tick charts?
"Luck is when opportunity meets preparation"
  • #40,652
  • May 19, 2018 8:34am May 19, 2018 8:34am
Hunting for C
The setup is simple, impulse, then recoil in AB and we calculate C. For this we use the impulse regression, then the recoil over 100% of B, and from there F. EXT of A from B. there we will have a PRZ that would be C and from there FE of all the impulse, as TP most likely. Then in TF minor you can take advantage of this bias.
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  • #40,653
  • May 19, 2018 8:40am May 19, 2018 8:40am
Quoting pampaq
Hunting for C The setup is simple, impulse, then recoil in AB and we calculate C. For this we use the impulse regression, then the recoil over 100% of B, and from there F. EXT of A from B. there we will have a PRZ that would be C and from there FE of all the impulse, as TP most likely. Then in TF minor you can take advantage of this bias. {image}
The highest C
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  • #40,654
  • May 19, 2018 8:44am May 19, 2018 8:44am
Quoting pampaq
{quote} The highest C {image}
TP 1TO1
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  • #40,655
  • May 19, 2018 9:14am May 19, 2018 9:14am
Quoting pampaq
{quote} TP 1TO1 {image}
Pampaq, your nice work has inspired me to join your forces, so I prepared 2 charts for euro, one for 6E futures contract and other for forex spot....For those who like to trade based on harmonic patterns, here there are...Good luck with your trading.
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Always trade your own plan...I don't provide trading signals.
  • #40,656
  • May 19, 2018 10:15am May 19, 2018 10:15am
Quoting Sheeep44
{quote} How do you get tick-charts on a mac. I have windows parrallels. But that sh*t is just bad.. Since you are trading on a mac, how do you het tick charts?
TD Ameritrades platform works on mac and has tick chart capabilities. Its the only one I used when I was on mac
  • #40,657
  • May 19, 2018 11:52am May 19, 2018 11:52am
Quoting Coreg2004
{quote} Pampaq, your nice work has inspired me to join your forces, so I prepared 2 charts for euro, one for 6E futures contract and other for forex spot....For those who like to trade based on harmonic patterns, here there are...Good luck with your trading. {image} {image}
Hunting point C helps us to enter in favor of the main trend. And the RR is much better. Let's keep exchanging information. It is better to be accompanied. regards
  • #40,658
  • May 19, 2018 12:51pm May 19, 2018 12:51pm
Quoting Lundies10
{quote} TD Ameritrades platform works on mac and has tick chart capabilities. Its the only one I used when I was on mac
Yea but there is a 20 min delay..
"Luck is when opportunity meets preparation"
  • #40,659
  • May 19, 2018 2:01pm May 19, 2018 2:01pm
Quoting Sheeep44
{quote} Yea but there is a 20 min delay..
If you have money in your account ($5 even), call them and ask for live data. They will activate for you. It moght take a day or two but you will start getting live data
  • #40,660
  • May 19, 2018 2:51pm May 19, 2018 2:51pm
Quoting pampaq
{quote} .................. Let's keep exchanging information. It is better to be accompanied. regards

Pampaq, I will exchange my charts with pleasure. My trading method is based on harmonic patterns, I am a big fan of Scott Carney's work since trading community started to buzz about his approach to markets in late 90's early 2000's. (If you are interested please check my profile I posted some time ago Scott's Harmonic Trader.pdf files) ....Last Wednesday I took the same trade as you although I trade futures (6E) the pattern is identical on both charts. I mark only PRZ on my charts because I know what I am looking for when I trade and also because of lack of time when the market is live. In my post, I included blowout where I covered my long position (completion of Butterfly pattern XABCD)......After seeing your charts I think I have a good feeling how you trade and I like it.
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Always trade your own plan...I don't provide trading signals.
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