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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

  • #41,481
  • Jun 21, 2018 7:52pm Jun 21, 2018 7:52pm
Quoting Prock
{quote} Hopefully this helps, please let me know. {image}

Price makes a weak NSL expect a NSH or shallow correction.. I meant to say deep correction sorry was typing too fast
  • #41,482
  • Jun 21, 2018 10:18pm Jun 21, 2018 10:18pm
Hi
I am not from US so do anyone know how to withrawl from the ninjatrader account.And what is the fee and method they are provding.
Thanks
  • #41,483
  • Jun 22, 2018 7:16am Jun 22, 2018 7:16am
Quoting bmdenton23
Wrapping up today with trade #2 +29 2 trades today +28,+29 -------------- Total +57 Nice little hot streak here in June, profitable 10 out of the last 11 days 27 trades during that period 22 winners (3 BE) 5 Losers 81% accuracy Average winner 37.65 pts Average loser 36.20 pts Total +415 points {image}
Do you adjust your results to 1 contract? That would be treating each contract as its own position. Or do you average the entries exits for each trade? Just curious since I know you use more than one at times.

I'm trying to figure out best way to track results when I move up from 1 contract since entries and exits won't always be simultaneous. Ideally the goal would be to keep it in a similar fashion to the log I keep now. Which may mean averaging out the points from a trade and just multiplying by the number of contracts.
  • #41,484
  • Jun 22, 2018 8:43am Jun 22, 2018 8:43am
Quoting csternfx
{quote} Do you adjust your results to 1 contract? That would be treating each contract as its own position. Or do you average the entries exits for each trade? Just curious since I know you use more than one at times. I'm trying to figure out best way to track results when I move up from 1 contract since entries and exits won't always be simultaneous. Ideally the goal would be to keep it in a similar fashion to the log I keep now. Which may mean averaging out the points from a trade and just multiplying by the number of contracts.
For my own personal stats I adjust my point totals to what I call effective points, which takes the number of contracts used on a trade, divided by the average contracts used for the period, multiplied by the number of points. For instance when I reported those 415 points over the last 11 days, my effective point total is 438.
  • #41,485
  • Jun 22, 2018 8:59am Jun 22, 2018 8:59am
Quoting Sheeep44
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! {image}
And the end result.
Attached Image (click to enlarge)
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"Luck is when opportunity meets preparation"
  • #41,486
  • Jun 22, 2018 9:00am Jun 22, 2018 9:00am
Hello, -35
Attached Image (click to enlarge)
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Time is an illusion, timing is an art.
  • #41,487
  • Jun 22, 2018 9:01am Jun 22, 2018 9:01am
Hello Traders first entry +47 points
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-18 (233 Tick) 2018_06_22.png Size: 49 KB
If you fail to plan, you plan to fail.
  • #41,488
  • Jun 22, 2018 9:02am Jun 22, 2018 9:02am
Locked in some points. It looks like we are in no man's land until we get to 24700 in my view.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-18 (1597 Tick).png Size: 41 KB
Luck has no place in trading. Leave that for the poker table.
  • #41,489
  • Edited 9:15am Jun 22, 2018 9:03am | Edited 9:15am
Quoting Mr. Pip
Hello Traders first entry +47 points {image}
I passed on this one because I thought it broke structure on the retrace

Looking back, it was a misread. I see it better now.
  • #41,490
  • Jun 22, 2018 9:14am Jun 22, 2018 9:14am
Quoting JeanValJean.
Hello, -35 {image}
Same -37
  • #41,491
  • Jun 22, 2018 9:21am Jun 22, 2018 9:21am
Quoting Pair-me-up
Locked in some points. It looks like we are in no man's land until we get to 24700 in my view. {image}
The Bears are likely going to start defending 660-700, 700 being a stronger area like you pointed out nice work!
If you fail to plan, you plan to fail.
  • #41,492
  • Jun 22, 2018 9:21am Jun 22, 2018 9:21am
Quoting JeanValJean.
Hello, -35 {image}
Next!
If you fail to plan, you plan to fail.
  • #41,493
  • Jun 22, 2018 9:27am Jun 22, 2018 9:27am
Out for +57
Luck has no place in trading. Leave that for the poker table.
  • #41,494
  • Jun 22, 2018 9:32am Jun 22, 2018 9:32am
Quoting Mr. Pip
Hello Traders first entry +47 points {image}
I had same entry but earlier exit due to such a deep correction there. +33
  • #41,495
  • Jun 22, 2018 9:37am Jun 22, 2018 9:37am
Quoting Lundies10
{quote} I had same entry but earlier exit due to such a deep correction there. +33
+33 is still super duper awesome in my book!! When I go live, I hope I can average +20 per day.

on a $10,000 account, +20 would be 1% per trading day. That would average to about 20% per month. Which is much better than a savings account in a bank or any other long term financial instrument for wealth building and preparing for retirement one day. You are doing awesome my friend~~!!
Luck has no place in trading. Leave that for the poker table.
  • #41,496
  • Jun 22, 2018 9:39am Jun 22, 2018 9:39am
Quoting Pair-me-up
{quote} +33 is still super duper awesome in my book!! When I go live, I hope I can average +20 per day. on a $10,000 account, +20 would be 1% per trading day. That would average to about 20% per month. Which is much better than a savings account in a bank or any other long term financial instrument for wealth building and preparing for retirement one day. You are doing awesome my friend~~!!
100%
If you fail to plan, you plan to fail.
  • #41,497
  • Jun 22, 2018 9:53am Jun 22, 2018 9:53am
Uggghhh well I made some points over 2 trades but sketchy decision making. Looking at the longer term I was convinced we were going to get a good bear run but I got in too early and tried to rescue trade #1, let it run too far before stopping out and cost myself some points.

Trade #2 I scaled in with more contracts with a lower probability tight stop above structure from yesterday morning, above the 1:1 on the IOF, and above the 127 ext of the last bullish swing on the IOF. I lucked out here and made back the loss and a little extra but this was really more aggressive than I want to be day to day.
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  • #41,498
  • Jun 22, 2018 9:56am Jun 22, 2018 9:56am
Quoting Unichamp
Hi I am not from US so do anyone know how to withrawl from the ninjatrader account.And what is the fee and method they are provding. Thanks
They have a web link where you will out your account info and send your request. They charge me a $25 fee and they wire me the cash. 1 day turnaround.
If you fail to plan, you plan to fail.
  • #41,499
  • Jun 22, 2018 9:57am Jun 22, 2018 9:57am
Quoting Pair-me-up
{quote} +33 is still super duper awesome in my book!! When I go live, I hope I can average +20 per day. on a $10,000 account, +20 would be 1% per trading day. That would average to about 20% per month. Which is much better than a savings account in a bank or any other long term financial instrument for wealth building and preparing for retirement one day. You are doing awesome my friend~~!!
Im happy with +33 . 20pt average is my goal too. I was a bit below that my first live month (still profitable though) and Im well above it this month so far. It just reminds us we are looking for LONG TERM profits and makes those losing trades easier to stomach.
  • #41,500
  • Jun 22, 2018 9:59am Jun 22, 2018 9:59am
Quoting bmdenton23
Uggghhh well I made some points over 2 trades but sketchy decision making. Looking at the longer term I was convinced we were going to get a good bear run but I got in too early and tried to rescue trade #1, let it run too far before stopping out and cost myself some points. Trade #2 I scaled in with more contracts with a lower probability tight stop above structure from yesterday morning, above the 1:1 on the IOF, and above the 127 ext of the last bullish swing on the IOF. I lucked out here and made back the loss and a little extra but this was...
Be careful scaling in. Don't over extend yourself.
If you fail to plan, you plan to fail.
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