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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

  • #41,521
  • Jun 25, 2018 9:27am Jun 25, 2018 9:27am
Quoting Lundies10
{quote} I rarely break entry rules, but management rules get bent once in a while. It is fear of giving back points and we both need to work on it. This could have been +150 for us both. Hopefully the other traders here were more disciplined
I was not more disciplined sadly. Platform was glitchy for me though. Entry didn't happen for about 2-3 seconds after I clicked sell so I could blame it on being fearful of a glitch. I don't think my trade management would have let me reach the whole swing anyway. It pulled back after some decision candles.
  • #41,522
  • Jun 25, 2018 9:34am Jun 25, 2018 9:34am
Quoting csternfx
{quote} I was not more disciplined sadly. Platform was glitchy for me though. Entry didn't happen for about 2-3 seconds after I clicked sell so I could blame it on being fearful of a glitch. I don't think my trade management would have let me reach the whole swing anyway. It pulled back after some decision candles.

My platform has been acting glitchy as well. Grrrr~!
Luck has no place in trading. Leave that for the poker table.
  • #41,523
  • Jun 25, 2018 9:47am Jun 25, 2018 9:47am
Trade #1, got in a little high, +30
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  • #41,524
  • Jun 25, 2018 9:58am Jun 25, 2018 9:58am
Trying to sharpen my dagger a.k.a the 233 tick
I got short... However, I have some good support just below.
Attached Image (click to enlarge)
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Luck has no place in trading. Leave that for the poker table.
  • #41,525
  • Jun 25, 2018 10:23am Jun 25, 2018 10:23am
Quicky Update : Locked in some points. Now trying to achieve next area of interest below.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-18 (233 Tick).png Size: 39 KB
Luck has no place in trading. Leave that for the poker table.
  • #41,526
  • Jun 25, 2018 10:28am Jun 25, 2018 10:28am
O.k. Price really started dropping like a rock... Started to trail a bit more aggressively.
Got taken out for +104
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-18 (233 Tick).png Size: 39 KB
Luck has no place in trading. Leave that for the poker table.
  • #41,527
  • Jun 25, 2018 10:28am Jun 25, 2018 10:28am
Quoting Pair-me-up
Quicky Update : Locked in some points. Now trying to achieve next area of interest below. {image}
We just hit 1:1 on the long term so expecting a bit of a bounce
  • #41,528
  • Jun 25, 2018 10:31am Jun 25, 2018 10:31am
24159 Will be my next area of interest to go long, depending on how price approaches it and how it reacts. You know the good old... if/ then scenario.

O.k. Good night all..

And happy trading!
Luck has no place in trading. Leave that for the poker table.
  • #41,529
  • Jun 25, 2018 10:36am Jun 25, 2018 10:36am
Quoting bmdenton23
{quote} We just hit 1:1 on the long term so expecting a bit of a bounce

The bears approached 24282 with significant power. So, that shows me the possibility for it to go down to my next number of 24159. However, there are a few things I am working on. I do see the 1:1 but I didn't trust it with so much selling power from the bears.
Luck has no place in trading. Leave that for the poker table.
  • #41,530
  • Jun 25, 2018 10:39am Jun 25, 2018 10:39am
It bounced at 24166.... just 7 points from 24159... I am going to sleep, but if there is a long, I hope you all get it, because I am sure it will be a good one.
Luck has no place in trading. Leave that for the poker table.
  • #41,531
  • Jun 25, 2018 10:54am Jun 25, 2018 10:54am
It is a month since I joined with Mr Pips .I am still at the puppy dog stage learning about trading and Ninjatrader and enjoying the journey with all members.
I am settling down, now only been trading GBPUSD , 2 trades per day, 10-15pips stoploss on demo-trading aiming for 5 pips per day - a small daily profit!
I now realise trading is about managing a good risk strategy with a calculated risk on profit. I do have to look for self discipline and following my trading plan which is still developing.
Have a good month I made 20 pips today!

PS An interesting link? true or false?

http://www.dailymail.co.uk/money/news/article-5871237/Novice-trader-accidentally-makes-9m-practice-account-turns-real.html
  • #41,532
  • Jun 25, 2018 10:58am Jun 25, 2018 10:58am
Quoting cosmicman
It is a month since I joined with Mr Pips .I am still at the puppy dog stage learning about trading and Ninjatrader and enjoying the journey with all members. I am settling down, now only been trading GBPUSD , 2 trades per day, 10-15pips stoploss on demo-trading aiming for 5 pips per day - a small daily profit! I now realise trading is about managing a good risk strategy with a calculated risk on profit. I do have to look for self discipline and following my trading plan which is still developing. Have a good month I made 20 pips today! PS An interesting...
I saw that article a few days ago on my generic news app. Glad to have you onboard, feel free to post some charts.
  • #41,533
  • Jun 25, 2018 11:03am Jun 25, 2018 11:03am
Well that's all she wrote folks, 1 long trade for +30 in a very bearish market. Couldn't find any opportunities to board the bear train. See ya tomorrow.
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  • #41,534
  • Jun 25, 2018 12:26pm Jun 25, 2018 12:26pm
Hi guys, I found a bat on YM 233. I should have waited a bit more to get better entry.
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  • #41,535
  • Jun 25, 2018 12:41pm Jun 25, 2018 12:41pm
Quoting majrou666
Hi guys, I found a bat on YM 233. I should have waited a bit more to get better entry. {image}
Sorry but I hope that you are wrong. I am long at 24173

Edit: Target reached.
  • #41,536
  • Jun 25, 2018 12:49pm Jun 25, 2018 12:49pm
Quoting evocpr19
{quote} Sorry but I hope that you are wrong. I am long at 24173
i am sure your comment will help him see what went wrong with his trade or what cues did he miss.
  • #41,537
  • Jun 25, 2018 12:54pm Jun 25, 2018 12:54pm
Quoting crixus
{quote} i am sure your comment will help him see what went wrong with his trade or what cues did he miss.
If he wishes to know what I saw, yes. However, I have no clue about BAT, Gartley or other patterns.
  • #41,538
  • Jun 25, 2018 12:55pm Jun 25, 2018 12:55pm
Quoting evocpr19
{quote} Sorry but I hope that you are wrong. I am long at 24173 Edit: Target reached.
You were right! The bat worked well but not for as big target as I hoped. What was your reason for going long? Thank you.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-18 (233 Tick) 2018_06_25 (19_53_16).png Size: 129 KB
  • #41,539
  • Jun 25, 2018 1:07pm Jun 25, 2018 1:07pm
Quoting majrou666
{quote} You were right! The bat worked well but not for as big target as I hoped. What was your reason for going long? Thank you. {image}
We got a clear NSL (second corner of your first triangle). However, price corrected far too much and ended in re-test of the previous high (HL) at your top corner of your second triangle. Moreover, look at the bulls candles versus bears candles from the bottom corner of your second triangle to the said top corner of your second triangle. Moreover, price was not able to pass the 24180 area to the downside.
For me, this gave me more confidence for a 1:1 to the upside.

Hope this helps.

PS: I was negative during the day, but could good recover with this trade (3 entries).
  • #41,540
  • Jun 25, 2018 1:33pm Jun 25, 2018 1:33pm
Quoting evocpr19
{quote} We got a clear NSL (second corner of your first triangle). However, price corrected far too much and ended in re-test of the previous high (HL) at your top corner of your second triangle. Moreover, look at the bulls candles versus bears candles from the bottom corner of your second triangle to the said top corner of your second triangle. Moreover, price was not able to pass the 24180 area to the downside. For me, this gave me more confidence for a 1:1 to the upside. Hope this helps. PS: I was negative during the day, but could good recover...
What? You were negative? I can't recall seeing that in ages.
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