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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

  • #41,921
  • Jul 18, 2018 8:21am Jul 18, 2018 8:21am
And target hit for 38 points
Attached Image (click to enlarge)
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that plus 26 trade was a test and not a trade I really took
  • #41,922
  • Jul 18, 2018 8:27am Jul 18, 2018 8:27am
Quoting DizzleFX
Took the short. the bulls really made a run for it into the 61.8, but I couldn't ask for a better rotation candle. Rules are rules. Got to run, time for work, but I do have my SL and TP in place. {image}
your chart looks alot like the YM chart LOL
  • #41,923
  • Jul 18, 2018 8:34am Jul 18, 2018 8:34am
Quoting 6288monkey
{quote} Your SL at right price? Seem very far from swing high and I thought after a break of the "buying area" it should become resistance? < anyone on this?
My SL is set at the default for my ATM strategy, however i see it at being right above a clear swing, so I left it there.

Your right, after the break of a buying area or selling area for that matter, you typically get an area of S/R. What area are you talking about on my chart.l?
Damn The Torpedoes, Full Speed Ahead!
  • #41,924
  • Jul 18, 2018 8:46am Jul 18, 2018 8:46am
Quoting DizzleFX
{quote} My SL is set at the default for my ATM strategy, however i see it at being right above a clear swing, so I left it there. Your right, after the break of a buying area or selling area for that matter, you typically get an area of S/R. What area are you talking about on my chart.l?
Those circle
  • #41,925
  • Jul 18, 2018 8:49am Jul 18, 2018 8:49am
Was a bit too aggressive with trailing, but price went fast on NQ. So prefered to secure profit
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  • #41,926
  • Jul 18, 2018 8:53am Jul 18, 2018 8:53am
Quoting Nikster
long YM {image}
Hi Nikster , was your 1 to 1 completion SL the right way?

if so then I am trading it wrong
your SL was at the 161.80 extension of first swing
in confluence with demand/ resistance area.

are there any confluence needed for 1 to 1? Or we can trade 1 to 1 alone?

another question
if a 1 to 1 has extended or short of , SL still the same place?
and how you define a 1 to 1 has completed

as from your chart
your entry was before rotation
blue line extended
  • #41,927
  • Jul 18, 2018 8:57am Jul 18, 2018 8:57am
Quoting 6288monkey
{quote} Those circle
Gotcha! It’s still an area of resistance, but I was just showing that at that area specifically buyers had interest.

I was was just stopped out from that trade
Damn The Torpedoes, Full Speed Ahead!
  • #41,928
  • Jul 18, 2018 9:04am Jul 18, 2018 9:04am
YM - Long at 25097 - target 25160.
...update moved to BE.....
  • #41,929
  • Jul 18, 2018 9:04am Jul 18, 2018 9:04am
Quoting 6288monkey
{quote} Hi Nikster , was your 1 to 1 completion SL the right way? if so then I am trading it wrong your SL was at the 161.80 extension of first swing in confluence with demand/ resistance area. are there any confluence needed for 1 to 1? Or we can trade 1 to 1 alone?
Hi yes my stoploss was below the 168 of the first swing and there was a smaller 1:1 completion above arround 25093. that plus good structure were enough confluense for me. If you only have the 1:1 completion it's a minimum requirement so pretty weak but this trade was a perfect ABCD. You had also a perfect ABCD were you could have re-entered(yellowgreen swings)
Attached Image (click to enlarge)
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  • #41,930
  • Jul 18, 2018 9:34am Jul 18, 2018 9:34am
Quoting Nikster
{quote} Hi yes my stoploss was below the 168 of the first swing and there was a smaller 1:1 completion above arround 25093. that plus good structure were enough confluense for me. If you only have the 1:1 completion it's a minimum requirement so pretty weak but this trade was a perfect ABCD. You had also a perfect ABCD were you could have re-entered(yellowgreen swings){image}
Why you din't take that ?

should we always take 1 to 1 completion
or maybe I should just avoid it first

not really know how to trade yet , I just put SL at low and will wait some strong correction and weak continuation + rotation to go long. Can enlighten me ?
  • #41,931
  • Jul 18, 2018 9:34am Jul 18, 2018 9:34am
would like to see price come to 25100 again and a good rotation
Attached Image (click to enlarge)
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  • #41,932
  • Jul 18, 2018 9:44am Jul 18, 2018 9:44am
currently long and trailing on the micro structure and decision candles

EDIT: taken out +8
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  • #41,933
  • Edited 11:20am Jul 18, 2018 9:48am | Edited 11:20am
Quoting 6288monkey
{quote} Why you din't take that ? should we always take 1 to 1 completion or maybe I should just avoid it first not really know how to trade yet , I just put SL at low and will wait some strong correction and weak continuation + rotation to go long. Can enlighten me ?
SL at swing high

update : go long on NSH expectation

update : 1 to 1 taken out BE , dint go to 38.20 but very near. NSH trade also BE

update : taken out BE , go long again

update : TP at trail candle
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  • #41,934
  • Jul 18, 2018 9:50am Jul 18, 2018 9:50am
Quoting S41nt
currently long and trailing on the micro structure and decision candles EDIT: taken out +8 {image}
Reason for buying?
  • #41,935
  • Jul 18, 2018 9:58am Jul 18, 2018 9:58am
Quoting 6288monkey
{quote} Reason for buying?
I'm going to borrow your chart because tick charts are much cleaner, but I'm just following the black line order flow. I entered at the blue line because the R:R was good and didnt have a good rotation on the swing before and then just trailed according to that order flow.
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  • #41,936
  • Jul 18, 2018 10:09am Jul 18, 2018 10:09am
bulls looking strong
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  • #41,937
  • Jul 18, 2018 10:10am Jul 18, 2018 10:10am
Quoting S41nt
{quote} I'm going to borrow your chart because tick charts are much cleaner, but I'm just following the black line order flow. I entered at the blue line because the R:R was good and didnt have a good rotation on the swing before and then just trailed according to that order flow. {image}
Ok , very clear now
abit hard to judge which order flow will workout when they sometime strong sometime weak
  • #41,938
  • Jul 18, 2018 10:11am Jul 18, 2018 10:11am
Quoting 6288monkey
{quote} Why you din't take that ? should we always take 1 to 1 completion or maybe I should just avoid it first not really know how to trade yet , I just put SL at low and will wait some strong correction and weak continuation + rotation to go long. Can enlighten me ?
well I wasn't at my computer at that moment. What I do is look at clear swings and draw then a fibratio over it and you do that to build a case. You will notice that there are multiple scenarios eg a possible long and a possible short. But after every new candle you continiously update your scenarios and within time it gets most clear which of the scenarios will be the most likely to happen. Look at the chart what I am saying, after every candle you check if the scenario is still a possibility
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  • #41,939
  • Jul 18, 2018 10:16am Jul 18, 2018 10:16am
1 trade today +61
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  • #41,940
  • Jul 18, 2018 10:21am Jul 18, 2018 10:21am
Quoting 6288monkey
{quote} Ok , very clear now abit hard to judge which order flow will workout when they sometime strong sometime weak
After tons of losses, I've come to realize that no matter how strong or weak order flow looks, always trade in line with expectation. I've tricked myself into getting into trades against expectation because order flow just looks extremely sluggish only to be whipsawed out five seconds later and talked myself out of trades due to weak order flow only to miss out on windfalls (relative to the 1M). I've just decided that order flow = how deep of a correction we could get and not change expectation until it fails. Plus focusing exclusively on 1 order flow has helped me tremendously as well.
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