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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

  • #41,761
  • Jul 11, 2018 8:51am Jul 11, 2018 8:51am
Quoting 6288monkey
{quote} Can further explain what range do? , I note that sometime range create a strong resistance and once it broke it can go one way very fast
Well, you can probably get it better explained by Mr. PIP or other users here, but range areas are areas where there was alot of fight, and when it breaks a range, one side won. If/When price revisit that area, traders who were on the wrong side will exit, and traders that didn't got in the profit train will enter.
  • #41,762
  • Jul 11, 2018 9:17am Jul 11, 2018 9:17am
Quoting csternfx
{quote} Where did you enter for the 232? Seems like you most of held over night as well.
Yes I held over night, entry was at 24640 at 8:56 central time, stop was 24619.
I used NT8's "Attach to Indicator" feature to trail the 200 SMA over night and then manually resumed trailing structure in the morning.
  • #41,763
  • Jul 11, 2018 9:33am Jul 11, 2018 9:33am
My stop got hit earlier with some profit. Re-entered long.
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Luck has no place in trading. Leave that for the poker table.
  • #41,764
  • Jul 11, 2018 9:43am Jul 11, 2018 9:43am
out for +46 I still have my +20 plus a few bonus points for the day. It has been a tiring day and long day. I can see the addiction of snagging +20 points a day within an hour or so and then getting on to other matters. See you all tomorrow night.
Luck has no place in trading. Leave that for the poker table.
  • #41,765
  • Jul 11, 2018 9:54am Jul 11, 2018 9:54am
Why why why lols haha
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  • #41,766
  • Jul 11, 2018 10:08am Jul 11, 2018 10:08am
If I may, looking at your chart and following the black lines for the immediate order flow. It broke the immediate order flow so at the least we should be looking for a 1:1 of the current order flow. Plus when momentum increased after the break of immediate structure, that is a good sign another leg could be coming as well. The blue leg shows the same thing if you included the top and are looking at an intermediate level of order flow.

I hope that makes sense
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  • #41,767
  • Jul 11, 2018 10:18am Jul 11, 2018 10:18am
Quoting S41nt
If I may, looking at your chart and following the black lines for the immediate order flow. It broke the immediate order flow so at the least we should be looking for a 1:1 of the current order flow. Plus when momentum increased after the break of immediate structure, that is a good sign another leg could be coming as well. The blue leg shows the same thing if you included the top and are looking at an intermediate level of order flow. I hope that makes sense {image}
if i may add on, in the longer term you have just hit a weak NSH. so a deeper pullback is to be expected.
  • #41,768
  • Jul 11, 2018 10:21am Jul 11, 2018 10:21am
Quoting S41nt
If I may, looking at your chart and following the black lines for the immediate order flow. It broke the immediate order flow so at the least we should be looking for a 1:1 of the current order flow. Plus when momentum increased after the break of immediate structure, that is a good sign another leg could be coming as well. The blue leg shows the same thing if you included the top and are looking at an intermediate level of order flow. I hope that makes sense {image}
Ok , nice point , I might take these trade next time

i am looking for long , and the correction was not really strong compare to previous one ( before my entry ) , then my entry's was because seeing the price has second push down with more effort and a bigger rotation shown , thus that trigger me to buy

i dint look into any selling at that point as the trend was consider healthy

looking at those line you draw , I think I won't be entering short as well consider the correction was shallow and entry was very near support. The one with 100% correction( black line ) can be a good short trade but I most likely won't take as NSL not created yet

Your point was was valid that it strengthen down , but at the same time I can see it has rotation on each break of low < before my entry , then after my entry everything changed zzzzz haha
  • #41,769
  • Jul 11, 2018 10:37am Jul 11, 2018 10:37am
Quoting 6288monkey
Why why why lols haha {image}
What do you mean why ???? we have been talking about that area since yesterday ! It means it hold, and hit the 0.618 of Long Term swing

PS: I think you should mark, and keep mark those areas of interest, so that you can be prepared for them, even if orderflow is for them to break
  • #41,770
  • Jul 11, 2018 10:56am Jul 11, 2018 10:56am
No trades for me today.
  • #41,771
  • Jul 11, 2018 10:57am Jul 11, 2018 10:57am
Quoting 6288monkey
{quote} Ok , nice point , I might take these trade next time i am looking for long , and the correction was not really strong compare to previous one ( before my entry ) , then my entry's was because seeing the price has second push down with more effort and a bigger rotation shown , thus that trigger me to buy i dint look into any selling at that point as the trend was consider healthy looking at those line you draw , I think I won't be entering short as well consider the correction was shallow and entry was very near support. The one with 100%...
Yeah, the area you entered is definitely the area I would have entered in terms of that order flow. Looking at your entry it looks like you entered and the second test of the low. Personally I took that out of my rules because I've lost a lot getting in at retests only to watch price blow past the previous resistance and complete smaller more immediate 1:1s. Overall I don't think the trade you took was bad, it just looked like immediate was strengthening against you so that shows a potentially larger retracement.
  • #41,772
  • Jul 11, 2018 11:01am Jul 11, 2018 11:01am
Quoting 6288monkey
{quote} Ok , nice point , I might take these trade next time i am looking for long , and the correction was not really strong compare to previous one ( before my entry ) , then my entry's was because seeing the price has second push down with more effort and a bigger rotation shown , thus that trigger me to buy i dint look into any selling at that point as the trend was consider healthy looking at those line you draw , I think I won't be entering short as well consider the correction was shallow and entry was very near support. The one with 100%...
Currently on EU 1m price is starting to break down in the immediate order flow with a weaker projection, same if not weaker momentum and a deepening pullback so now I am currently looking to get long if we get a break of the immediate structure. Price has definitely slowed down tremendously though so hopefully things will pick back up soon.
  • #41,773
  • Jul 11, 2018 11:07am Jul 11, 2018 11:07am
Quoting pereiraalex
{quote} What do you mean why ???? we have been talking about that area since yesterday ! It means it hold, and hit the 0.618 of Long Term swing PS: I think you should mark, and keep mark those areas of interest, so that you can be prepared for them, even if orderflow is for them to break
Chill bro , just some drama after some YouTube drama.

well I was trading the orderflow i trading , and it look totally good

and the way it goes up was strong

yes I dint aware of that to be honest , and I think I don't need too as that will be too big swing .

If go into another larger picture , the direction were still up overall , anyway nothing to do with that given the orderflow I am trading
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  • #41,774
  • Jul 11, 2018 11:13am Jul 11, 2018 11:13am
Quoting S41nt
{quote} Currently on EU 1m price is starting to break down in the immediate order flow with a weaker projection, same if not weaker momentum and a deepening pullback so now I am currently looking to get long if we get a break of the immediate structure. Price has definitely slowed down tremendously though so hopefully things will pick back up soon.
Nooo haha , I have enter a short on the swing you wait to break, it was a weak swing and I enter on rather deep correction.

for the previous reply , you dint enter on retest mean you will either trade shorter swing shall it goes up or you will wait a deeper correction to look for entry , am I right? Nevertheless , only losses can teach the brain , let see .

if Mr.Pip were here , I would like to know what you think about post 41773.
  • #41,775
  • Jul 11, 2018 11:18am Jul 11, 2018 11:18am
Quoting S41nt
{quote} Currently on EU 1m price is starting to break down in the immediate order flow with a weaker projection, same if not weaker momentum and a deepening pullback so now I am currently looking to get long if we get a break of the immediate structure. Price has definitely slowed down tremendously though so hopefully things will pick back up soon.
100% correction
this mean the trade was likely to be expectation failure
but on weak projection , dint we expect also a deep correction?

so should I go aggressive trailing or wait it reach support area to go BE ?
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  • #41,776
  • Jul 11, 2018 11:24am Jul 11, 2018 11:24am
Quoting 6288monkey
{quote} Nooo haha , I have enter a short on the swing you wait to break, it was a weak swing and I enter on rather deep correction. for the previous reply , you dint enter on retest mean you will either trade shorter swing shall it goes up or you will wait a deeper correction to look for entry , am I right? Nevertheless , only losses can teach the brain , let see . if Mr.Pip were here , I would like to know what you think about post 41773.
I would've entered short on that swing as well i just didn't get the rotation i was looking for. You're right to trade short, it's in line with structure analysis. There is just weakness appearing so I wouldn't be surprised if a break of structure on the immediate is in the near future. (Although it hasn't happened yet and price could drop like a stone all of a sudden and completely invalidate that weakness anyway.)

So what i mean by not entering on retest is that your entry still technically is within the clear high and low of that blue swing (you could extend the high to where i put the line previously i just chose that for sake of simplicity) Therefore I would atleast wait until that blue harmonic completes to go long.

Quoting 6288monkey
{quote} 100% correction this mean the trade was likely to be expectation failure but on weak projection , dint we expect also a deep correction? so should I go aggressive trailing or wait it reach support area to go BE ? {image}
Well the correction is deeper than expected, following a much weaker projection than the last. So according to my rules I would go to BE at the test of support but I would trail more aggressively.
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  • #41,777
  • Jul 11, 2018 11:36am Jul 11, 2018 11:36am
Quoting S41nt
{quote} I would've entered short on that swing as well i just didn't get the rotation i was looking for. You're right to trade short, it's in line with structure analysis. There is just weakness appearing so I wouldn't be surprised if a break of structure on the immediate is in the near future. (Although it hasn't happened yet and price could drop like a stone all of a sudden and completely invalidate that weakness anyway.) So what i mean by not entering on retest is that your entry still technically is within the clear high and low of that blue...
Well , if that's blue line complete which it does , i might not take the long anymore as we are not expecting a deep correction.
From what I understand was you mean to wait for a better / deeper correction in confluence with signal like 1 to 1 complete, due to " normally " if price break the retest , it would move one way strongly , so it was better wait for another signal. Sorry if I can't understand well what you trying to interpret . My brain move straight yet go sideways on the middle , thus totally wrong haha
  • #41,778
  • Jul 11, 2018 11:42am Jul 11, 2018 11:42am
Quoting 6288monkey
{quote} Well , if that's blue line complete which it does , i might not take the long anymore as we are not expecting a deep correction. From what I understand was you mean to wait for a better / deeper correction in confluence with signal like 1 to 1 complete, due to " normally " if price break the retest , it would move one way strongly , so it was better wait for another signal. Sorry if I can't understand well what you trying to interpret . My brain move straight yet go sideways on the middle , thus totally wrong haha
That is exactly what I mean. Seeing the 1:1 complete with strength much deeper than expected, I wouldn't have taken the long. Rather I would've waited for a pullback according to the smaller order flow and joined the strength. It seems to me you understand what I am trying to say, my friend.
  • #41,779
  • Jul 11, 2018 12:00pm Jul 11, 2018 12:00pm
aggressive D long at completion of harmonic, 161.8 exhaustion and stronger support zone

EDIT: Stopped out immediately for a small loss. In hindsight, strength was increasing into the area and I just attempted to fit in a trade that just shouldn't have been taken.
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  • #41,780
  • Jul 11, 2018 12:43pm Jul 11, 2018 12:43pm
Quoting 6288monkey
{quote} Chill bro , just some drama after some YouTube drama. well I was trading the orderflow i trading , and it look totally good and the way it goes up was strong yes I dint aware of that to be honest , and I think I don't need too as that will be too big swing . If go into another larger picture , the direction were still up overall , anyway nothing to do with that given the orderflow I am trading {image}

I am chilled didn't mean to sound "harsh"!
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