Ratios & Harmonics: a Different Way to Trade | Page 2062 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

"Ratios & Harmonics: a Different Way to Trade." Summary 37 replies

Learning to trade with harmonics 11 replies

Time for Change - Pivots & Harmonics to freedom 67 replies

180 reasons to trade Harmonics and Patterns 13 replies

Group Trading based on Elliott wave and Harmonics 0 replies

Attachments: Ratios & Harmonics: a Different Way to Trade
Exit Attachments

Ratios & Harmonics: a Different Way to Trade

  • #41,221
  • Jun 7, 2018 10:16am Jun 7, 2018 10:16am
It is getting close to my last target.. I might close it before then. I think the bulls are started to get exhausted. Nevertheless, I also know that there is a contract rollover, and I am sure that will affect the participants that are still on this contract.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 06-18 (1597 Tick) 2018_06_07.png Size: 44 KB
Luck has no place in trading. Leave that for the poker table.
  • #41,222
  • Jun 7, 2018 10:36am Jun 7, 2018 10:36am
Alright... I didn't think it would reach my expected target. So, I closed it for +464 points.

So far... for this week, I have 1st trade -21 2nd trade +464

I will be out for dinner tomorrow night with my wife and her friend for dinner. We will eat Fire Pot. If I don't have time to trade tomorrow night.. well.. I hope that everyone has an awesome Friday in the market and a superb weekend.

Also, if there are people that are demo trading like me.... keep demo trading while saving up the dinero for a live account. Every action starts with a thought and if you demo trade with the right thoughts, then you will most likely gain some good action.
Luck has no place in trading. Leave that for the poker table.
  • #41,223
  • Jun 7, 2018 10:42am Jun 7, 2018 10:42am
Quoting Pair-me-up
Alright... I didn't think it would reach my expected target. So, I closed it for +464 points. So far... for this week, I have 1st trade -21 2nd trade +464 I will be out for dinner tomorrow night with my wife and her friend for dinner. We will eat Fire Pot. If I don't have time to trade tomorrow night.. well.. I hope that everyone has an awesome Friday in the market and a superb weekend. Also, if there are people that are demo trading like me.... keep demo trading while saving up the dinero for a live account. Every action starts with a thought and...
Great job!
  • #41,224
  • Jun 7, 2018 10:49am Jun 7, 2018 10:49am
Quoting bmdenton23
{quote} Great job!
Thanks bmdenton..... I am hoping this wasn't a fluke. However, the numbers that I forecasted last Friday came to pass at the exact numbers I posted, assuming if this happens first, then this has a probability to happen next.

I will continue to watch Mr. Pip's videos. Flukes are fun... but if I can do this without flukes.. I will be the god of the YM.. ha ha ha just kidding. Alright, my friend. Thanks for the kudos. Take care and may the odds be in your favor.
Luck has no place in trading. Leave that for the poker table.
  • #41,225
  • Jun 7, 2018 11:21am Jun 7, 2018 11:21am
Fortunately a very forgiving market for me today as my entries were not spot on at all

+68, +39, +10
---------------------
Total +117
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 91 KB
  • #41,226
  • Jun 7, 2018 12:06pm Jun 7, 2018 12:06pm
One of my trades on YM:
Attached Image (click to enlarge)
Click to Enlarge Name: aaab.jpg Size: 360 KB
  • #41,227
  • Jun 7, 2018 12:44pm Jun 7, 2018 12:44pm
Quoting evocpr19
One of my trades on YM: {image}
Hi Evo,

What keeps you from entering short when price first retraces to 61% (the top of the 2nd diagonal yellow line)? You waited for another retrace back up to the 61% area, then you went short and waited for the 1:1 move to be complete. How did you know to wait?
  • #41,228
  • Jun 7, 2018 1:10pm Jun 7, 2018 1:10pm
Quoting jack411
{quote} Hi Evo, What keeps you from entering short when price first retraces to 61% (the top of the 2nd diagonal yellow line)? You waited for another retrace back up to the 61% area, then you went short and waited for the 1:1 move to be complete. How did you know to wait?
Maybe I can put my perspective with the chart attached. I believe Evo was waiting to see how price would act since we still were in the blue swings territory fib wise or he may have not been at the computer at the time and saw the second opportunity the market was offering since the red swing didn't complete its 1:1 a deep correction or NSH was expected of the red swing.. as you can see it didn't get past structure.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 06-18 (89 Tick) 2018_06_07.png Size: 58 KB
  • #41,229
  • Jun 7, 2018 2:01pm Jun 7, 2018 2:01pm
Hi all, I took another short on YM. It looked to me as a good setup. Do you think the last trade was a mistake or just expectation failure ? Thank you.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 06-18 (233 Tick) 2018_06_07 (20_51_02).png Size: 58 KB
  • #41,230
  • Jun 7, 2018 2:29pm Jun 7, 2018 2:29pm
Quoting majrou666
Hi all, I took another short on YM. It looked to me as a good setup. Do you think the last trade was a mistake or just expectation failure ? Thank you. {image}

I believe its looking to deeply correct from previous up swing.
  • #41,231
  • Jun 7, 2018 2:47pm Jun 7, 2018 2:47pm
Quoting Prock
{quote} Maybe I can put my perspective with the chart attached. I believe Evo was waiting to see how price would act since we still were in the blue swings territory fib wise or he may have not been at the computer at the time and saw the second opportunity the market was offering since the red swing didn't complete its 1:1 a deep correction or NSH was expected of the red swing.. as you can see it didn't get past structure. {image}
Good answer, but I came back late to the chart, so I had not to ask myself to wait or not (otherwise, I would have probably have entered earlier and would have had some pain). When I saw that, I took it.
  • #41,232
  • Jun 7, 2018 2:58pm Jun 7, 2018 2:58pm
Quoting jack411
{quote} Hi Evo, What keeps you from entering short when price first retraces to 61% (the top of the 2nd diagonal yellow line)? You waited for another retrace back up to the 61% area, then you went short and waited for the 1:1 move to be complete. How did you know to wait?
Moreover (in addition to the previous answer), if you look at the initial bulls response (to 61,8) was powerful but then bears consumed all this and created a immediate NSL. So for me, bears were clearly in advantage for a new NSL (matching with the yellow 1:1).

Hope it helps.
  • #41,233
  • Jun 7, 2018 3:03pm Jun 7, 2018 3:03pm
Quoting majrou666
Hi all, I took another short on YM. It looked to me as a good setup. Do you think the last trade was a mistake or just expectation failure ? Thank you. {image}
You went through some pain. I would simply take profit on the 1:1, since your entry is compared to what price achieved (after your entry) not at the best location for seeking more.

Hope you understand what I mean.
  • #41,234
  • Jun 7, 2018 3:10pm Jun 7, 2018 3:10pm
Quoting evocpr19
{quote} Good answer, but I came back late to the chart, so I had not to ask myself to wait or not (otherwise, I would have probably have entered earlier and would have had some pain). When I saw that, I took it.

I hope you didn't mind me chiming in. I also was away from the charts and took the same sell.
  • #41,235
  • Jun 7, 2018 3:14pm Jun 7, 2018 3:14pm
Quoting Pair-me-up
Alright... I didn't think it would reach my expected target. So, I closed it for +464 points. So far... for this week, I have 1st trade -21 2nd trade +464 I will be out for dinner tomorrow night with my wife and her friend for dinner. We will eat Fire Pot. If I don't have time to trade tomorrow night.. well.. I hope that everyone has an awesome Friday in the market and a superb weekend. Also, if there are people that are demo trading like me.... keep demo trading while saving up the dinero for a live account. Every action starts with a thought and...
Congrats to the result and how you managed your trade. I cannot trade like this, especially on the 1597 tick chart.

I am not sure if you would really trade like that in real and maybe with higher lot size in terms of SL requirement, TP areas,... (I would get mad)

Anyway, congrats.
  • #41,236
  • Jun 7, 2018 3:17pm Jun 7, 2018 3:17pm
Quoting Prock
{quote} I hope you didn't mind me chiming in. I also was away from the charts and took the same sell.
  • #41,237
  • Jun 7, 2018 3:25pm Jun 7, 2018 3:25pm
You guys ( I did assume a lot here ;p ) were probably thinking that this guy left, but no-no, he didn't. Another chart to keep your minds active and keep that chamber going about.

And also an update, the last 2 months is going exactly to plan (almost to perfect), currently in my 2nd profitable month in a row( 2 weeks away from my 3th month) . And have never been this confident / easy on the mind while trading. Really making and seeing progress ( psychological speaking ) week after week.

And this got me thinking.. That I believe one is a successful trader, not the months of profit he has been in, because winning is easy. I BELIEVE, that a trader who CAN GET OUT ( not switching timeframe / switching system / instrument /blowing his/her account up ) OF his first BIG DRAWDOWN, is considered a profitable trader. If this DD hits in your 6th week or your 60th week, how you deal with this situation (mentally) after you have been beaten down by the market is going to determine if you are ready to make it or break it as a trader. It doens't matter how many times you get beaten down, it only matters how many times you got up after you got beaten down.

Take what you need and learn what you want to learn, but here is something about orderflow. See you in a couple of weeks!

Ciao!
Attached Image (click to enlarge)
Click to Enlarge Name: Schermafbeelding 2018-06-07 om 22.14.45.png Size: 141 KB
"Luck is when opportunity meets preparation"
  • #41,238
  • Jun 7, 2018 9:41pm Jun 7, 2018 9:41pm
Quoting evocpr19
{quote} Congrats to the result and how you managed your trade. I cannot trade like this, especially on the 1597 tick chart. I am not sure if you would really trade like that in real and maybe with higher lot size in terms of SL requirement, TP areas,... (I would get mad) Anyway, congrats.

You are correct that there are some trades that I would not trade in real life, that in my view are close to gambling. Nevertheless, I am practicing as though this is a real account.. or trying to.. ha ha ha.

I don't just look at the 1597 tick. Mr. Pip in his video(s) Says that he can see the larger order flow on the 233 tick chart. I can't do this yet. He also talks about how he used to trade the larger order flows and gradually went lower and lower on the order flow. He talks about the importance of trading with the larger order flow, etc.

So, for now.. since I don't have his experience.. I do focus on the larger order flow and try to look at the smaller order flow for entries.

Mr. Pip is an expert at timing his entries and you seem to be one too. I have a lot to learn. I figure that once I can be an expert at timing my entries on the smaller order flow that aligns with the bigger order flow, then a few small losses here and there won't really matter, because I will catch some big waves from being aligned with the larger order flow.

As far as contract size... notice how I only traded with one contract on my demo trade on the charts that I posted? I believe that contract size has to do with money management. My goal is to start a real account with 10k. Even a 20 point loss with 1 contract is 1% of a 10k account. So, if and when I have the confidence to go live.. it will only be one contract to start. Anyways.. I enjoy your charts. You are good at the fibs.
Luck has no place in trading. Leave that for the poker table.
  • #41,239
  • Jun 8, 2018 1:40am Jun 8, 2018 1:40am
I took this quick trade while my students were on recess. I locked in about 12 points.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 06-18 (1597 Tick) 2018_06_08.png Size: 51 KB
Luck has no place in trading. Leave that for the poker table.
  • #41,240
  • Jun 8, 2018 4:06am Jun 8, 2018 4:06am
Quick little update
Attached Image (click to enlarge)
Click to Enlarge Name: YM 06-18 (1597 Tick) 2018_06_08.png Size: 52 KB
Luck has no place in trading. Leave that for the poker table.
5 traders viewing now