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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

  • #41,601
  • Jun 28, 2018 9:38am Jun 28, 2018 9:38am
Quoting Nikster
took 2 trades. Could have taken profits but wanted to go for the 1:1 {image}
I took 5 trades trying to get into that short, I thought price was gone but the long term 1:1 seems to be hanging it up.
+12 for me

Consolidation now, no trades until we break the 1:1 to the downside or start trading above 24100 for me.
  • #41,602
  • Jun 28, 2018 9:43am Jun 28, 2018 9:43am
Quoting Pair-me-up
{quote} What's the profit target for a bat pattern?
I go to a break even at the 38.2% rectracement of the AD leg and start trailing aggresively after price reaches the 61.8% retracement of the AD leg.
  • #41,603
  • Jun 28, 2018 9:45am Jun 28, 2018 9:45am
Quoting bmdenton23
{quote} I took 5 trades trying to get into that short, I thought price was gone but the long term 1:1 seems to be hanging it up. +12 for me Consolidation now, no trades until we break the 1:1 to the downside or start trading above 24100 for me.

Yep, it feels like I have been being nickeled and dimed tonight, all while picking up pennies from the ground. Waiting for the market to make a solid decision.
Luck has no place in trading. Leave that for the poker table.
  • #41,604
  • Jun 28, 2018 10:00am Jun 28, 2018 10:00am
Took 4 trades, 1 winner, 2 losers and 1 BE, down 2% for the day. But hey, that's trading..
"Luck is when opportunity meets preparation"
  • #41,605
  • Jun 28, 2018 10:08am Jun 28, 2018 10:08am
Hello Traders, My trade to day. +75
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Time is an illusion, timing is an art.
  • #41,606
  • Jun 28, 2018 10:36am Jun 28, 2018 10:36am
O.k. little by little still learning. After being -36 for the day.. I am finally in profit. As they say... it's not over until the fat lady sings. lol
Luck has no place in trading. Leave that for the poker table.
  • #41,607
  • Jun 28, 2018 10:39am Jun 28, 2018 10:39am
Looking at a long setup on the short term YM, would be trading directly into the first AOI for a long term short but may be worth the risk.
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  • #41,608
  • Jun 28, 2018 10:54am Jun 28, 2018 10:54am
Quoting Nikster
took 2 trades. Could have taken profits but wanted to go for the 1:1 {image}
There is an issue with orderflow an expectation. Do you see it yourself on the finished chart?
  • #41,609
  • Jun 28, 2018 11:00am Jun 28, 2018 11:00am
Quoting bmdenton23
Looking at a long setup on the short term YM, would be trading directly into the first AOI for a long term short but may be worth the risk. {image} {image}
Long at 24136, rejected and BE.
That finished me up for the day, +13 on the day.
  • #41,610
  • Jun 28, 2018 11:06am Jun 28, 2018 11:06am
It looks like the bulls are trying to get back into the stronger bull territory and the bears are trying to stay within their area. What a battle I tell ya~!
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Luck has no place in trading. Leave that for the poker table.
  • #41,611
  • Jun 28, 2018 11:11am Jun 28, 2018 11:11am
Out for +68 O.k. it is past my bedtime.. happy trading all Good night.
Luck has no place in trading. Leave that for the poker table.
  • #41,612
  • Jun 28, 2018 11:24am Jun 28, 2018 11:24am
Quoting bmdenton23
{quote} I took 5 trades trying to get into that short, I thought price was gone but the long term 1:1 seems to be hanging it up. +12 for me Consolidation now, no trades until we break the 1:1 to the downside or start trading above 24100 for me.
The first trade I knew I was trading a correction of that bigger swing and thought that it would come to the structurezone I draw around the 50%fib of the mainswing.

The second trade I moved to BE because I was up 40 points and didn't want to end with a loss when I was in profit that big. I am thinking about taking the profits once my profit equals my risk to gain confidence and to grow my account. That should also give me more control on the emotionpart. It's just an idea that popped up today
  • #41,613
  • Jun 28, 2018 11:29am Jun 28, 2018 11:29am
Quoting evocpr19
{quote} There is an issue with orderflow an expectation. Do you see it yourself on the finished chart?
you mean that the correction shouldn't be that deep because of the projection I drawed with the green arrow?
  • #41,614
  • Edited 12:14pm Jun 28, 2018 12:01pm | Edited 12:14pm
Quoting Nikster
{quote} you mean that the correction shouldn't be that deep because of the projection I drawed with the green arrow?
No, I mean your first trade. You choose to go long in an are where price is very likely to turn to follow the longer term expectation. Your trade could have worked out (for the small 1:1), but it is not an high probabilty trade.
Second trade is more bad luck. However, when I see such bulls candles (although rejected by the bears) after your entry, I would not leave a lot of room and when price remains longer on an area I would bail out. But ok, this is personal preference.

Hope this helps.
  • #41,615
  • Edited 12:50pm Jun 28, 2018 12:37pm | Edited 12:50pm
Quoting Unichamp
{quote} Hi Jay I curious what make you take the short from your first entry.I was think it will make a small correct and make NSH.Very impress the way you manage your trade Did you move your SL when trading.
Hi Unichamp,
The first trade this morning entry @ 24208 was taken as a failed expectation of a NSH and weakness of price approaching to test the most recent NSH( you can see this better by observing price on a smaller TF then your trading TF, 144, 89 ect..) If you are talking about the 2nd entry@ 24060 I entered X2 on a retrace to the 38.2 with expectation on a NSL I usually do not move my stop to BE until price starts to interact with structure , not necessarily a swing high or low but always look left for clues. If I have more than 1 contract on I always set my first TP at a Hard target, when that is hit or close to it the rest go to BE and managed from there. Hope this helped explain
Always Learning
  • #41,616
  • Jun 28, 2018 1:24pm Jun 28, 2018 1:24pm
Quoting evocpr19
{quote} No, I mean your first trade. You choose to go long in an are where price is very likely to turn to follow the longer term expectation. Your trade could have worked out (for the small 1:1), but it is not an high probabilty trade. Second trade is more bad luck. However, when I see such bulls candles (although rejected by the bears) after your entry, I would not leave a lot of room and when price remains longer on an area I would bail out. But ok, this is personal preference. Hope this helps.
Ah I get your point. Thanks for explaining. I saw that there was breakdown on the buyers because the momentum and projection were getting weaker but I thought that one more push up should be possible (which happened) and it was the expectation for that orderflow although it was weak. I also wanted to see after I got stopped out what price was going to do because of that weakness and that's why I didn't took another long.

Trade 2 was good I think and I probably should've locked some more in but it's fine
  • #41,617
  • Jun 28, 2018 5:52pm Jun 28, 2018 5:52pm
hello traders,there is a current AB=CD setup on USD/JPY anyone likes this set up??
i will post it later when the trade either hits TP or SL
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  • #41,618
  • Jun 28, 2018 6:24pm Jun 28, 2018 6:24pm
Quoting pi14
hello traders,there is a current AB=CD setup on USD/JPY anyone likes this set up?? i will post it later when the trade either hits TP or SL {image}
I’m in that trade. My SL is above the previous 2 LHs
  • #41,619
  • Jun 29, 2018 2:38am Jun 29, 2018 2:38am
Reduced SL, stops haven't rolled yet.
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"Luck is when opportunity meets preparation"
  • #41,620
  • Jun 29, 2018 3:04am Jun 29, 2018 3:04am
Quoting Sheeep44
Reduced SL, stops haven't rolled yet. {image}
Stopped out for +0,25%.

Long again.
"Luck is when opportunity meets preparation"
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