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Ratios & Harmonics: a Different Way to Trade

  • #40,881
  • May 25, 2018 10:11am May 25, 2018 10:11am
Quoting x3m-PippiN
{quote} Can you post a chart? I don't see a rotation on mine so I didn't enter on this long.
It really wasn't a good rotation, but I thought structure was good. Had a good rotation a few candles later.

You can see a short I tried earlier. Long term OF was turning long though.
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  • #40,882
  • May 25, 2018 10:23am May 25, 2018 10:23am
Quoting csternfx
{quote} It really wasn't a good rotation, but I thought structure was good. Had a good rotation a few candles later. You can see a short I tried earlier. Long term OF was turning long though. {image}
Took the same short as you ... now I'm short from 799 on the immediate.
  • #40,883
  • May 25, 2018 10:23am May 25, 2018 10:23am
Quoting csternfx
{quote} It really wasn't a good rotation, but I thought structure was good. Had a good rotation a few candles later. You can see a short I tried earlier. Long term OF was turning long though. {image}
Out for +5. Looks like structure around 810-815 is holding for now
  • #40,884
  • May 25, 2018 10:25am May 25, 2018 10:25am
EUR JPY M5 Short on IOF
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  • #40,885
  • May 25, 2018 10:58am May 25, 2018 10:58am
I was very proftiable between the end of March and May 11th. Between May 14th and now, the YM has been in a trading range and I'm in the red. What other Futures contract is the group here most profitable trading? I see lots of Forex which I already trade on the H1/H4, but is anyone here profitably trading the NQ or some other affordable Futures contract? I would rather trade something else until we break out of this range.

On a side note, how many of you have traded the month of May profitably on the YM?
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  • #40,886
  • May 25, 2018 11:12am May 25, 2018 11:12am
Quoting bmdenton23
I was very proftiable between the end of March and May 11th. Between May 14th and now, the YM has been in a trading range and I'm in the red. What other Futures contract is the group here most profitable trading? I see lots of Forex which I already trade on the H1/H4, but is anyone here profitably trading the NQ or some other affordable Futures contract? I would rather trade something else until we break out of this range. On a side note, how many of you have traded the month of May profitably on the YM? {image}

I personally had a shit show of a week but that was due to emotions and a gas leak almost causing an explosion in my home. Thank god for my dog or we probably wouldn't be here today. I went against my entire trade plan from Wednesday to Thursday. Completely being reckless.. I should have stepped away yesterday. Anyways today I managed to at least my week in the green by +18 for the week lol.

Do you keep track of the larger order flow when taking those smaller swings.
  • #40,887
  • May 25, 2018 11:23am May 25, 2018 11:23am
Quoting Prock
{quote} I personally had a shit show of a week but that was due to emotions and a gas leak almost causing an explosion in my home. Thank god for my dog or we probably wouldn't be here today. I went against my entire trade plan from Wednesday to Thursday. Completely being reckless.. I should have stepped away yesterday. Anyways today I managed to at least my week in the green by +18 for the week lol. Do you keep track of the larger order flow when taking those smaller swings.
Glad your ok Prock. I trade those smaller swings within the context of the expected projection or the expected pullback. So if my longer term expectation is for 100 points, I may trade smaller swings in the same direction until we've achieve maybe 90 of those points. On the flip side, if my expected pullback on the longer term is 60 points, I may trade smaller swings within that range in the direction of the pullback. Occasionally I'll be in the longer swing say long, and will simultaneously trade the smaller swings long within it in the same direction (that's a lot of fun).

Happy weekend everyone

Today 5 trades
3x Losers -40, -42, -32
2x Winners +18, +47
------------------------------
Effective total -18, traded twice as many contracts on the +18 winner as the losers.

Week = sideways
21 Trades
11 Winners with 2 BE
10 Losers
52% w/l
1.06 w/l ratio
-13 points

May
80 trades
49 Winners with 12 BE
31 Losers
61% w/l
1:1 w/l ratio
+6 effective points - fees puts me in the red.
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  • #40,888
  • May 25, 2018 11:24am May 25, 2018 11:24am
Quoting Prock
{quote} I personally had a shit show of a week but that was due to emotions and a gas leak almost causing an explosion in my home. Thank god for my dog or we probably wouldn't be here today. I went against my entire trade plan from Wednesday to Thursday. Completely being reckless.. I should have stepped away yesterday. Anyways today I managed to at least my week in the green by +18 for the week lol. Do you keep track of the larger order flow when taking those smaller swings.
Thank God nothing bad happened now smack yourself with your trade plan and do better next week!
If you fail to plan, you plan to fail.
  • #40,889
  • May 25, 2018 11:29am May 25, 2018 11:29am
Found entry long but need to smack myself, Broke my rules by taking on more risk than I like to allow. Luckily price is moving back in favor but still.... Going to have to manage this aggressively.
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  • #40,890
  • May 25, 2018 11:33am May 25, 2018 11:33am
Quoting Lundies10
Found entry long but need to smack myself, Broke my rules by taking on more risk than I like to allow. Luckily price is moving back in favor but still.... Going to have to manage this aggressively. {image}
Looks like we both aren't listening to our trade plan ..I moved to BE to aggressively on my immediate short and got taken out .. SMACK on the head.
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  • #40,891
  • May 25, 2018 11:36am May 25, 2018 11:36am
Quoting Mr. Pip
{quote} Thank God nothing bad happened now smack yourself with your trade plan and do better next week!
I think I have broken too many mirrors in my life. I have the worst luck but thank god my dog woke me up in a panic!
  • #40,892
  • May 25, 2018 11:37am May 25, 2018 11:37am
Quoting bmdenton23
{quote} Glad your ok Prock. I trade those smaller swings within the context of the expected projection or the expected pullback. So if my longer term expectation is for 100 points, I may trade smaller swings in the same direction until we've achieve maybe 90 of those points. On the flip side, if my expected pullback on the longer term is 60 points, I may trade smaller swings within that range in the direction of the pullback. Occasionally I'll be in the longer swing say long, and will simultaneously trade the smaller swings long within it in the...

Thank you! Lets do better next week!! Have a great weekend.
  • #40,893
  • May 25, 2018 11:39am May 25, 2018 11:39am
Quoting x3m-PippiN
{quote} Looks like we both aren't listening to our trade plan ..I moved to BE to aggressively on my immediate short and got taken out .. SMACK on the head. {image}
Unlucky, I was watching price thinking about you counting your money . Fridays am I right? To answer your question, Yes, I have been profitable this month so far (barely). This is my first month trading live however (demo traded for over a year) so I expected the emotions to give me mixed results until I get more experience managing them. I can say I feel pretty good about my results knowing that the more experienced traders are struggling a bit too (sorry! ).

Update: My plan says to do nothing so I will. I am responsible for the trade. Having said that, I WANT TO MANUALLY EXIT THIS FOR A SMALLER LOSS lol gotta manage those emotions. *smacks self with plan*
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  • #40,894
  • May 25, 2018 11:43am May 25, 2018 11:43am
Quoting bmdenton23
I was very proftiable between the end of March and May 11th. Between May 14th and now, the YM has been in a trading range and I'm in the red. What other Futures contract is the group here most profitable trading? I see lots of Forex which I already trade on the H1/H4, but is anyone here profitably trading the NQ or some other affordable Futures contract? I would rather trade something else until we break out of this range. On a side note, how many of you have traded the month of May profitably on the YM? {image}
Almost 2 months profitable on the longer term! But on a side note, that is what sometimes happens when trading the intraday timeframe. Stick to it, stick to your plan, drawdowns are perfectly normal.
But I do believe the S&P moves almost the same, and I don't know about the NQ.. Hope this helpes..
"Luck is when opportunity meets preparation"
  • #40,895
  • May 25, 2018 11:44am May 25, 2018 11:44am
Quoting bmdenton23
{quote} Glad your ok Prock. I trade those smaller swings within the context of the expected projection or the expected pullback. So if my longer term expectation is for 100 points, I may trade smaller swings in the same direction until we've achieve maybe 90 of those points. On the flip side, if my expected pullback on the longer term is 60 points, I may trade smaller swings within that range in the direction of the pullback. Occasionally I'll be in the longer swing say long, and will simultaneously trade the smaller swings long within it in the...

April I made 280 points of profit..this month I'm -100 points but I made some stupid trades in the beginning so if I scratch them I'd be probably around break even..
I've traded NQ with 377 tick chart and 89 tick chart.. but sometimes it just moves to fast and my emotions can't handle it very well for now so I stick with YM.

You can check out CL, GC. Judging by the time on your NT charts you are trading during NY hours so DAX might not be such a good option. I live in Europe and I'm 7 hours ahead of NY time so for me it's a bit inconvenient to trade US indices since they open at 4:30 pm my time so I might be switching to FDAX and FDXM so I can trade in the morning.

Quoting Lundies10
{quote} Unlucky............... *smacks self with plan* {image}
Unlucky? Nope.. Undisciplined is the right word. I'm going to make my trade plan with hard covers or better yet write it in stone ..so it hurts more when I smack myself and it might get through my tick scull.
  • #40,896
  • May 25, 2018 11:56am May 25, 2018 11:56am
EURCHF, IOF.

This was one of the trades I shared a couple of days / a week or so ago.
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"Luck is when opportunity meets preparation"
  • #40,897
  • May 25, 2018 11:58am May 25, 2018 11:58am
Quoting x3m-PippiN
{quote} April I made 280 points of profit..this month I'm -100 points but I made some stupid trades in the beginning so if I scratch them I'd be probably around break even.. I've traded NQ with 377 tick chart and 89 tick chart.. but sometimes it just moves to fast and my emotions can't handle it very well for now so I stick with YM. You can check out CL, GC. Judging by the time on your NT charts you are trading during NY hours so DAX might not be such a good option. I live in Europe and I'm 7 hours ahead of NY time so for me it's a bit inconvenient...
Try to keep yourself accountable, every time you f*k up, put like a 50$ bill in a jar. Than it will hurt and you will get rid of the bad habits, maybe an idea. Thats what I did for a long time, until I couldn't afford to break my rules no more haha.
"Luck is when opportunity meets preparation"
  • #40,898
  • May 25, 2018 12:07pm May 25, 2018 12:07pm
Quoting PeterT
long YM Almost perfect gartley. Although I'm not sure if it is to be traded in this location. Expectation is for a NSH. Got a good rotation candle in PRZ. Drew a second PRZ where there's more structure, with confluence of 88.6% correction and 161.8% ext. But 1:1 harmonic slightly overshooted. SL below what I assumed as the XA swing. Feel free to comment if this was a good or bad idea. {image}
Lovelly setup. I love that setup because I have imprinted in my mind, seen lots of time huge bull runs start that way ( if its respecting the ratios for the pattern ).

I am sorry to say PeterT, but you were not wrong. You don't have to go too much back, but if you backtest for that setup, you can find that it works alot of times. Its just the way it is. You are not going to go forward if you get panic bells everytime you lose a trade, or question everything you know.

It can be perfect and you lose, and can be really sloppy and you win. just .... "next"
  • #40,899
  • May 25, 2018 12:13pm May 25, 2018 12:13pm
I like the DAX because you always get volume coming in at 8am uk - on the hourly time frame - it normally moves between 50 and 100 points.
Haven't had much luck with fib levels - it respects support and resistence levels well. I trade it using the 30 minute chart and the 233 tick chart and take profit on levels. Gives you bang for your buck in regards to spreads and costs.
  • #40,900
  • May 25, 2018 12:19pm May 25, 2018 12:19pm
Quoting bmdenton23
{quote} Glad your ok Prock. I trade those smaller swings within the context of the expected projection or the expected pullback. So if my longer term expectation is for 100 points, I may trade smaller swings in the same direction until we've achieve maybe 90 of those points. On the flip side, if my expected pullback on the longer term is 60 points, I may trade smaller swings within that range in the direction of the pullback. Occasionally I'll be in the longer swing say long, and will simultaneously trade the smaller swings long within it in the...

Do you mind if I post what I have and what I saw from my charts. It may be helpful or maybe not at all.

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