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Ratios & Harmonics: a Different Way to Trade

  • #41,421
  • Jun 19, 2018 10:33pm Jun 19, 2018 10:33pm
Update: This is really blasting off. Made Sure I locked in some more.
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Luck has no place in trading. Leave that for the poker table.
  • #41,422
  • Jun 19, 2018 11:13pm Jun 19, 2018 11:13pm
stopped out for +127
Luck has no place in trading. Leave that for the poker table.
  • #41,423
  • Jun 20, 2018 5:18am Jun 20, 2018 5:18am
Quoting Pair-me-up
stopped out for +127
Congrats
  • #41,424
  • Jun 20, 2018 6:32am Jun 20, 2018 6:32am
Decided to get short. Let's see what the probabilities are.
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Luck has no place in trading. Leave that for the poker table.
  • #41,425
  • Jun 20, 2018 6:35am Jun 20, 2018 6:35am
Quick update: Locked in some points.
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Luck has no place in trading. Leave that for the poker table.
  • #41,426
  • Jun 20, 2018 6:40am Jun 20, 2018 6:40am
Locked in more.. If this keeps dropping like crazy.. I might have to extend my target. Got a road block at 24700
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Luck has no place in trading. Leave that for the poker table.
  • #41,427
  • Jun 20, 2018 6:48am Jun 20, 2018 6:48am
Quoting Pair-me-up
Locked in more.. If this keeps dropping like crazy.. I might have to extend my target. Got a road block at 24700 {image}
Just wondering, are you moving your SL simply because you can?
  • #41,428
  • Jun 20, 2018 6:49am Jun 20, 2018 6:49am
out for +86 earlier I lost -20
Luck has no place in trading. Leave that for the poker table.
  • #41,429
  • Jun 20, 2018 6:56am Jun 20, 2018 6:56am
Quoting Eyesonthepip
{quote} Just wondering, are you moving your SL simply because you can?
Yes, I am manually moving my SL = stop loss, simply because I can. I know there are ways to automate this, however, I do it manually.
Luck has no place in trading. Leave that for the poker table.
  • #41,430
  • Jun 20, 2018 7:07am Jun 20, 2018 7:07am
Mr. Pip did you add to your longterm short ?
  • #41,431
  • Jun 20, 2018 7:23am Jun 20, 2018 7:23am
Hello Traders, 2 trade to Day
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Time is an illusion, timing is an art.
  • #41,432
  • Jun 20, 2018 7:23am Jun 20, 2018 7:23am
Quoting bmdenton23
Mr. Pip did you add to your longterm short ?
Sorry guys, I did get out after adding in I was not going to be around and was in with 150 contracts I averaged in a really good price and was able to get out with about 60K of profit. Nothing has changed from the stream and the analysis. All we got was a deeper than expected correction.
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If you fail to plan, you plan to fail.
  • #41,433
  • Jun 20, 2018 7:37am Jun 20, 2018 7:37am
I hope you all got a chance to see the live stream and that the content had value. This is a very complex topic and we will be doing more streams on it.
If you fail to plan, you plan to fail.
  • #41,434
  • Jun 20, 2018 7:52am Jun 20, 2018 7:52am
Quoting Mr. Pip
I hope you all got a chance to see the live stream and that the content had value. This is a very complex topic and we will be doing more streams on it.
Damian, is it correct to say that the side who has less candles needed to accomplish the same distance the opposite direction has the imbalance in favour or in other words the momentum up vs the momentum down shows who is in favour of the imbalance. On the chart the circle is an example of what I mean
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  • #41,435
  • Jun 20, 2018 8:19am Jun 20, 2018 8:19am
Quoting Nikster
{quote} Damian, is it correct to say that the side who has less candles needed to accomplish the same distance the opposite direction has the imbalance in favour or in other words the momentum up vs the momentum down shows who is in favour of the imbalance. On the chart the circle is an example of what I mean{image}
To simplify it look at it as who is covering more distance with less candles. That is accumulation who corrects deep but with more candles is consuming. So whoever is accumulating in general is who imbalance favors. In you chart within your circle you saw the sellers accumulate over the buyers. Prior to that they were consuming the majority of the swing. Once accumulation starts to take place the imbalance shortly follows.
If you fail to plan, you plan to fail.
  • #41,436
  • Jun 20, 2018 8:20am Jun 20, 2018 8:20am
I will make a specific video lesson on what was covered in yesterday's live stream.
If you fail to plan, you plan to fail.
  • #41,437
  • Jun 20, 2018 8:46am Jun 20, 2018 8:46am
Quoting Mr. Pip
{quote} To simplify it look at it as who is covering more distance with less candles. That is accumulation who corrects deep but with more candles is consuming. So whoever is accumulating in general is who imbalance favors. In you chart within your circle you saw the sellers accumulate over the buyers. Prior to that they were consuming the majority of the swing. Once accumulation starts to take place the imbalance shortly follows.
Is it fair to say that consumption and accumulation is a way to measure strength of volume in regards to price?


And is this different than accumulation and distribution as a way to measure the strength of volume in regards to price?

I actually tried to look those words up in the way they are used for a security price as opposed to their common meaning.
Luck has no place in trading. Leave that for the poker table.
  • #41,438
  • Jun 20, 2018 10:35am Jun 20, 2018 10:35am
Quoting Lundies10
{quote} Hey Gunnar - I'd like to add my input here....
Great input, thanks.

Let me give it another try based on the current situation.

a) Long term expectation is a NSL.
b) Short term just made a slight NSH. A deep correction and maybe test of the lows is expected.
c) Long term and short term do not align.
d) Due to the small projection (P1), we expect a long term deep correction. May we assume there's a possibility this long term correction is not completely over yet?
e) Did I draw the S/D zones correctly?
f) In zone 2 we may consider a short trade on a reversal candle based on a long term expectation of NSL?
g) S/L above LH1 gives us the opportunity for a 1:1 move to zone 3 with favorable risk?
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  • #41,439
  • Edited 10:05pm Jun 20, 2018 10:51am | Edited 10:05pm
Here are my thoughts on USD/JPY.

a) Price made an NSL with a decent projection (P1).
b) The expectation is a medium sized correction which it made to the 50% fib level.
c) Long term expectation is an NSL.
d) Short term expectation is an NSH.
e) Looking for shorts in zone 2 at the 50% fib level.
f) SL above 78.6% fib level above structure (marked with the orange ellipse) for a favorable risk/reward.
g) Do you guys consider taking short trades (aligned with long term expectation) in the blue marked areas as well?

Happy to hear your comments.
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  • #41,440
  • Jun 20, 2018 11:02am Jun 20, 2018 11:02am
Quoting Mr. Pip
{quote} Sorry guys, I did get out after adding in I was not going to be around and was in with 150 contracts I averaged in a really good price and was able to get out with about 60K of profit. Nothing has changed from the stream and the analysis. All we got was a deeper than expected correction. {image}
I am a little confused as you indicated you were in with 150 contracts but your p/l says 98 contracts.
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