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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

  • #41,941
  • Jul 18, 2018 10:39am Jul 18, 2018 10:39am
Quoting Nikster
{quote} 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{image}
SL always 161.80?
the risk reward ratio seem just around 1 to 1?
what was the win rate on average?

The risk reward was 1:2.5 if enter at 127.20 quite good

so for the chart you shown , are you going to take either one of them? Since price will sure reach one.
update us shall you have trade
  • #41,942
  • Jul 18, 2018 10:46am Jul 18, 2018 10:46am
Short on the longer term
Attached Image (click to enlarge)
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If you fail to plan, you plan to fail.
  • #41,943
  • Jul 18, 2018 10:47am Jul 18, 2018 10:47am
Quoting S41nt
{quote} 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...
GOLD
If you fail to plan, you plan to fail.
  • #41,944
  • Jul 18, 2018 10:57am Jul 18, 2018 10:57am
Quoting Mr. Pip
Short on the longer term {image}
Short at the 127 ext, SL at the 161 ext.
What fib are you using to place your limit order at 399? Is that the 150 ext ?
  • #41,945
  • Jul 18, 2018 11:17am Jul 18, 2018 11:17am
Quoting Mr. Pip
Short on the longer term {image}
Hi Mr.Pip

thanks for showing 1 to 1 completion trade

can show more which swing you are trading?
i can only see weaken 2nd leg
and the real 1 to 1 completion was at 2nd entry?

can elaborate more what you see?
  • #41,946
  • Jul 18, 2018 12:57pm Jul 18, 2018 12:57pm
Quoting 6288monkey
{quote} SL always 161.80? the risk reward ratio seem just around 1 to 1? what was the win rate on average? The risk reward was 1:2.5 if enter at 127.20 quite good so for the chart you shown , are you going to take either one of them? Since price will sure reach one. update us shall you have trade
I didn't trade it because I wasn't home but if I would have traded it it would be a loss but there are enough ABCDs to trade. I believe the hitrate is arround 70%, if I'm wrong please correct me Damian. When you enter at the completion or the 127 your risk/reward is at least 1:1.5 and that combined with a 70% or higher hitrate on the longterm it should make you a lot of money. Unfortunenately for me I'm not at that stage yet but My results for this month so far are improving and with only a winrate of 52% I am in green
  • #41,947
  • Jul 18, 2018 12:57pm Jul 18, 2018 12:57pm
Today was a losing day , din't get the right order flow( I am trading right I believe, following my order flow and rule ) , trading into longer term complex correction , then price cont up without much correction. Again each trade has 0.7pips or 7usd commission, while ym just 1 point can cover all.
have 10 trade exclude BE = 70usd comission
89 - 70 = 19usd / 1.9pips
19usd + 10usd( if each trade cost 1point ) = 29usd.

i dint learn a thing today , but I know there was a different in you guys way to trade 1to1 completion and exhaustion, but I have no way to improve since I don't know which was proper way to trade.
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  • #41,948
  • Jul 18, 2018 2:59pm Jul 18, 2018 2:59pm
Went long on the 6E. Great R:R and rotation candle in an AOI. Expectation is for a NSH and 1:1 completion or at least retest the old NSH.
Attached Image (click to enlarge)
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  • #41,949
  • Jul 19, 2018 1:33am Jul 19, 2018 1:33am
Quoting Kayjay2011
Went long on the 6E. Great R:R and rotation candle in an AOI. Expectation is for a NSH and 1:1 completion or at least retest the old NSH. {image}
I took the same trade late abit at 50% , taken out SL

now took 1 to 1 completion , SL at low , BE at small rectangle

update : taken out
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  • #41,950
  • Edited 3:43am Jul 19, 2018 3:10am | Edited 3:43am
Finally a good price to trade

short EU

update : taken out BE , short again other swing NSL
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  • #41,951
  • Jul 19, 2018 4:02am Jul 19, 2018 4:02am
Got taken out on my last trade.

Quoting 6288monkey
Finally a good price to trade short EU update : taken out BE , short again other swing NSL {image} {image}


I'd be careful with shorts in this area because we are testing old lows and buyers seem to be very strong.
  • #41,952
  • Jul 19, 2018 4:34am Jul 19, 2018 4:34am
This is YM on a 15min chart, long entry. See how it works out!
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  • #41,953
  • Jul 19, 2018 4:42am Jul 19, 2018 4:42am
Quoting Kayjay2011
Got taken out on my last trade. {quote} I'd be careful with shorts in this area because we are testing old lows and buyers seem to be very strong.
But expectation were still low
i understand we might need to neat picking a better entry
price self create a range
my entry taken out at BE , price when down now
i was looking for reentry at higher range
however it is was it is
  • #41,954
  • Edited 6:11am Jul 19, 2018 5:02am | Edited 6:11am
Progression till now

another short eurusd trade

update : taken out BE again ,
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  • #41,955
  • Jul 19, 2018 5:19am Jul 19, 2018 5:19am
Quoting bmdenton23
{quote} Short at the 127 ext, SL at the 161 ext. What fib are you using to place your limit order at 399? Is that the 150 ext ?
I can see this on YM (CFD Oanda):
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  • #41,956
  • Jul 19, 2018 6:37am Jul 19, 2018 6:37am
An Update on the longer term trade. Up 19K
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If you fail to plan, you plan to fail.
  • #41,957
  • Jul 19, 2018 6:47am Jul 19, 2018 6:47am
I decided to study step by step starting with identifying swings. Pls I want to be corrected if my main swings are wrong. pls comment. Thanks
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  • #41,958
  • Jul 19, 2018 7:04am Jul 19, 2018 7:04am
Quoting Mr. Pip
An Update on the longer term trade. Up 19K {image}
Hi Mr.Pip can you explain more on how to trade this setup and why?
  • #41,959
  • Jul 19, 2018 8:16am Jul 19, 2018 8:16am
can't trade right now but I would be looking for shorts in the boxarea
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  • #41,960
  • Jul 19, 2018 8:29am Jul 19, 2018 8:29am
Quoting Nikster
can't trade right now but I would be looking for shorts in the boxarea{image}
There are so many 1 to 1 completion , don't know which to take lols

yellow green would be a loss

then blue line on the low price has 2 swing completion ( <above )

now you were looking for short before the "above" TP
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