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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

  • #41,381
  • Jun 18, 2018 9:28am Jun 18, 2018 9:28am
Quoting Mr. Pip
{quote}
How about OrderFlow Trading...Because that what it is
  • #41,382
  • Jun 18, 2018 9:29am Jun 18, 2018 9:29am
Quoting bmdenton23
Trade #1 +24 {image}
Hi Bmdenton,
i get why you entered here - I took the same entry. But I was taken out at BE+4. What made you decide to take profit at +24 instead of letting the trade go down further or hitting breakeven?
  • #41,383
  • Jun 18, 2018 9:30am Jun 18, 2018 9:30am
Quoting bmdenton23
Trade #1 +24 {image}
Great trade there, bmdenton23!! I entered long.. but I entered a bit early. I really need to work on my timing for entries, so that I can risk less points.. hopefully...that is.
Luck has no place in trading. Leave that for the poker table.
  • #41,384
  • Jun 18, 2018 9:43am Jun 18, 2018 9:43am
Quoting PipJr
{quote} Hi Bmdenton, i get why you entered here - I took the same entry. But I was taken out at BE+4. What made you decide to take profit at +24 instead of letting the trade go down further or hitting breakeven?
I don't want to speak for Bmdenton but I think he took profit for the same reason you moved to B/E - and me too. It was a low probability trade since price corrected deeper than it should have. Price should have moved a bit faster if it was going to continue moving down and the immediate order flow was telling me the Bulls had more strength. I have scenarios in my trade management that allow a move to BE before structure is tested. This is one of them. I'll be glad to hear BMDentons answer too
  • #41,385
  • Jun 18, 2018 9:43am Jun 18, 2018 9:43am
Hey everyone,

There's two charts that have the same order flow. They are different pairs but that's irrelevant to the fact they have the same order flow.
Order flow is NSH --> HL --> NSH --> expectation failure so expect NSL.

I have marked point B and point C which is the same in terms of order flow on both charts. If price climbs back up and closes above point B, we then get another expectation failure, eg double expectation failure[2x failures in a row].

If point B is the failure point of NSL, where it would go back to expecting a NSH, why does the YM chart have the stop all the way at point C and not just above point B? If price closes above point B on the YM and you don't close it, that's then trading against the expectation. Is there some price action reason to have the stop all the way up there? Is the order flow not the same between the charts?

Here are the two charts:
YM chart with stop at point C
https://www.forexfactory.com/attachment.php?attachmentid=2853397&d=1529045819
Similar chart with point B as the fail point where it went back to expecting NSH
https://www.forexfactory.com/attachment.php?attachmentid=2738837&d=1522261724
  • #41,386
  • Jun 18, 2018 9:46am Jun 18, 2018 9:46am
Quoting Pair-me-up
{quote} Great trade there, bmdenton23!! I entered long.. but I entered a bit early. I really need to work on my timing for entries, so that I can risk less points.. hopefully...that is.
Quoting PipJr
{quote} Hi Bmdenton, i get why you entered here - I took the same entry. But I was taken out at BE+4. What made you decide to take profit at +24 instead of letting the trade go down further or hitting breakeven?
chart
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 118 KB
  • #41,387
  • Jun 18, 2018 9:49am Jun 18, 2018 9:49am
Quoting bmdenton23
{quote} {quote} chart {image}
Thanks! Makes sense and helps me sharpen my tools.
  • #41,388
  • Jun 18, 2018 9:57am Jun 18, 2018 9:57am
Looks like the bulls are getting ready for a little stampede, but I am sure the bears will put up quite the fight.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-18 (1597 Tick).png Size: 36 KB
Luck has no place in trading. Leave that for the poker table.
  • #41,389
  • Jun 18, 2018 10:10am Jun 18, 2018 10:10am
Quoting Pair-me-up
Looks like the bulls are getting ready for a little stampede, but I am sure the bears will put up quite the fight. {image}
Where's your SL Pair-me-up?
  • #41,390
  • Jun 18, 2018 10:13am Jun 18, 2018 10:13am
This is what we like to see. Oeff
I guess it is going to be payday soon

Just kidding, what we have here is a nice harmonic confluence area.

Jokes aside, we never know what is going to happen next, and we don't need to!
Attached Image (click to enlarge)
Click to Enlarge Name: Schermafbeelding 2018-06-18 om 17.12.24.png Size: 116 KB
"Luck is when opportunity meets preparation"
  • #41,391
  • Jun 18, 2018 10:15am Jun 18, 2018 10:15am
Trade #2 +39
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 101 KB
  • #41,392
  • Jun 18, 2018 10:16am Jun 18, 2018 10:16am
Quoting PipJr
{quote} Where's your SL Pair-me-up?

Here is a chart that it can be seen on.

On your keyboard, there is an up, down, left, right arrow(s)... As price moves up and down the screen, I will scroll the chart up or down to keep up with the price.

I hope that answered your question.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-18 (233 Tick).png Size: 32 KB
Luck has no place in trading. Leave that for the poker table.
  • #41,393
  • Jun 18, 2018 10:23am Jun 18, 2018 10:23am
Quoting Pair-me-up
{quote} Here is a chart that it can be seen on. On your keyboard, there is an up, down, left, right arrow(s)... As price moves up and down the screen, I will scroll the chart up or down to keep up with the price. I hope that answered your question. {image}
What I meant was, where did you put your original SL when you entered? how much risk?
Nice trade by the way. You're killing it on demo - Can't wait to see you go live.
  • #41,394
  • Jun 18, 2018 10:29am Jun 18, 2018 10:29am
Quoting PipJr
{quote} What I meant was, where did you put your original SL when you entered? how much risk? Nice trade by the way. You're killing it on demo - Can't wait to see you go live.

I can't wait to go live as well, once my confidence in memorizing all the rules and using them correctly increases.

My stop lose was placed, just a wee bit below my lowest red line, on my 1597 tick chart that I posted on this page.


On my demo account, I am getting close to growing it to 200% since I started this one for the umph time.
Luck has no place in trading. Leave that for the poker table.
  • #41,395
  • Jun 18, 2018 10:41am Jun 18, 2018 10:41am
I am thinking that if the bulls really want this, then they will have to try to move price above 24940 with some conviction and pass 24984, in my view. Assuming that my reading of strength and weakness is improving. I need the experts to weigh in though.
Luck has no place in trading. Leave that for the poker table.
  • #41,396
  • Jun 18, 2018 10:48am Jun 18, 2018 10:48am
Last trade of the day -5 on a rescue, look like I had the right idea but pulled the trigger on the rescue exit just before price took off in my favor.

+24, +39
-5
--------------
Total +58
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 102 KB
  • #41,397
  • Jun 18, 2018 10:54am Jun 18, 2018 10:54am
Quoting bmdenton23
Last trade of the day -5 on a rescue, look like I had the right idea but pulled the trigger on the rescue exit just before price took off in my favor. +24, +39 -5 -------------- Total +58 {image}

Great trading as per usual.

Out of curiosity... Where did those black candles with the green outline come from, on your chart?
Luck has no place in trading. Leave that for the poker table.
  • #41,398
  • Jun 18, 2018 10:58am Jun 18, 2018 10:58am
Quoting Pair-me-up
{quote} Great trading as per usual. Out of curiosity... Where did those black candles with the green outline come from, on your chart?
I'm playing around with a NinjaScript to mark some candles. I'll share it once I work out some issues with it. Those outlined Green/Black candles are just rotation candles per Damian's definition. The White candle shown is a candle that traded below the last 2 candles but closed higher than each.
  • #41,399
  • Jun 18, 2018 11:01am Jun 18, 2018 11:01am
Quoting bmdenton23
{quote} I'm playing around with a NinjaScript to mark some candles. I'll share it once I work out some issues with it. Those outlined Green/Black candles are just rotation candles per Damian's definition. The White candle shown is a candle that traded below the last 2 candles but closed higher than each.


ah...I see. Just like how, I am working on my weird mathematical way to help me read the strength and weakness with the Mr. Pip system that has helped me make some interesting forecast within the last week or so.

I too, am still working on the kinks per se.
Luck has no place in trading. Leave that for the poker table.
  • #41,400
  • Jun 18, 2018 11:17am Jun 18, 2018 11:17am
Quoting bmdenton23
Last trade of the day -5 on a rescue, look like I had the right idea but pulled the trigger on the rescue exit just before price took off in my favor. +24, +39 -5 -------------- Total +58 {image}
Congrats
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