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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

  • #42,141
  • Jul 26, 2018 1:42am Jul 26, 2018 1:42am
Good morning guys,

I suppose these two ABCD's have failed, because price turned before the 127.2%?

Thanks.

Regards,

Gunnar
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  • #42,142
  • Jul 26, 2018 2:49am Jul 26, 2018 2:49am
Quoting Bruin813
Good morning guys, I suppose these two ABCD's have failed, because price turned before the 127.2%? Thanks. Regards, Gunnar {image}
Price can still reach 127.20

it was possible to trade with just few hour like Mr.Pip

from 9am to 12pm was 3 hour but he mostly trade less than that

the main setup for me before finding trade was
1. News 2. Long term expectation fail area 3. S/R
( 2. = area of long term before fail >78.60, I presume this area has high resistance )

order flow finding , it can be complex sometime to get the right order flow especially weak new structure but can be improved with experience yet still can be wrong , with wrong order flow = wrong projection momentum depth , you might need to project 2 possibility for this.

after that was define strength and weakness by candle and resistance approach to know whether to take or to wait

we were trading exhaustion point in my view , either extended exhaustion or correction exhaustion , we try to catch the turning. Then you can choose now , if weak to create new structure then might trade 1 to 1 , if strong better wait correction

I would like to see some breakdown on the first correction before taking 1 to 1 ( an small abcd at correction instead of a straight down then straight up )

Complex "complex correction" = ABCD , B to C consist of another order flow thus also create a small resistance before continue
( area to be cautious when taking trade )

just my 2 cents
  • #42,143
  • Jul 26, 2018 3:06am Jul 26, 2018 3:06am
Refer to picture

the broad view was nsl
while the blue rectangle can be complex to define which one was right

next was define of order flow
it was NSH on short term , thus next was complex correction or you can say that as NSL also
etc etc self build the case and expect
at top of chart was long term expectation resistance area where expectation playout 70% , you might not want to go long at there ( normally cause ranging like your chart second pink line before break out )

all above were looking without adding s/r < It was a important measure about strength of market

but the main to decide was weak or strong candle approaching.
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  • #42,144
  • Jul 26, 2018 3:08am Jul 26, 2018 3:08am
Quoting bmdenton23
{quote} I'm in with a 1/2 position for a longer swing with a target of .7530. I'm at Break Even. I'll trail structure until price reaches target at which time I'll trail decision candles. If stopped out am willing to reload the 1/2 position at .7360 and add around .7335. I make decisions about holding FX over the weekend on a case by case basis. If I'm only in a partial position, I'm more likely to hold. {image}
Hey BM,

I have another question about this trade. Do you start trailing structure right after you entered the trade? What I mean is that you don't wait for a test of the NSH/NSL before you move your stop. So you trail like in the picture below?
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  • #42,145
  • Jul 26, 2018 3:24am Jul 26, 2018 3:24am
Quoting bmdenton23
{quote} Bruin, yes just typical C entry. Yes live account. For FX, I sometimes enter 4 or 5 times, I decide beforehand how many entries to break the trade up into depending on structure areas present and my position size is simply adjusted for my SL in $$$. There are weeks where I trade 1/4 or 1/5 position size the entire week but those small wins add up. Watch how Mr. Pip will trade 30 contracts on the long term, but will enter up to 150 contracts if necessary. I typically only post YM on here but I can post a few FX charts if anyone's interested....
Dear BM,

When you do this, do you ignore the expectation for a shallow, medium or deep correction? Or do you still take these into account and place your orders in structure areas based on this expectation?

I'm interested in your FX charts as well.
  • #42,146
  • Jul 26, 2018 6:46am Jul 26, 2018 6:46am
Lols , so purposely
got to go , later back see still got chance to trade
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  • #42,147
  • Jul 26, 2018 6:53am Jul 26, 2018 6:53am
Quoting 6288monkey
Lols , so purposely got to go , later back see still got chance to trade {image}
The bar is so huge, the distance from your entry to your tp is almost nonexistent.
  • #42,148
  • Jul 26, 2018 7:51am Jul 26, 2018 7:51am
Quoting Bruin813
Good morning guys, I suppose these two ABCD's have failed, because price turned before the 127.2%? Thanks. Regards, Gunnar {image}
Hey Gunnar, Not necessarily, remember price does not move in straight lines. They will complete if price reaches those level and point C of the pattern is not violated.
If you fail to plan, you plan to fail.
  • #42,149
  • Jul 26, 2018 7:56am Jul 26, 2018 7:56am
GM Traders, on this live stream on Tuesday we will focus on entries, trade management, and we will be discussing trade progression and how to develop an expectation on SR holding or failing. I personally can't wait to share the session with you and I hope to see many of you there.
If you fail to plan, you plan to fail.
  • #42,150
  • Jul 26, 2018 7:59am Jul 26, 2018 7:59am
Quoting Mr. Pip
GM Traders, on this live stream on Tuesday we will focus on entries, trade management, and we will be discussing trade progression and how to develop an expectation on SR holding or failing. I personally can't wait to share the session with you and I hope to see many of you there.
Great! Looking forward!!
  • #42,151
  • Jul 26, 2018 8:50am Jul 26, 2018 8:50am
Careful today Traders dangerous battlefield today
If you fail to plan, you plan to fail.
  • #42,152
  • Jul 26, 2018 9:28am Jul 26, 2018 9:28am
long.
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"Luck is when opportunity meets preparation"
  • #42,153
  • Jul 26, 2018 9:30am Jul 26, 2018 9:30am
Quoting Bruin813
{quote} Hey BM, I have another question about this trade. Do you start trailing structure right after you entered the trade? What I mean is that you don't wait for a test of the NSH/NSL before you move your stop. So you trail like in the picture below? {image}
I wait for a test of structure and then lock in anything logical. That test of structure doesn't necessarily have to happen at the NSH/NSL. I'm attaching a live forex example. You can see my Break Even point marked and where I moved my stop loss to.

I don't want to field many questions right now about the platform in the picture. It's my platform, it utilizes a popular API. It implements our strategy by allowing me to set a break even point at which it automatically moves to BE. It allows me to set swing points, it automatically determines the 127 and the 1:1 and trails decisions candles. I'll talk more about the platform some weekend.
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  • #42,154
  • Jul 26, 2018 9:45am Jul 26, 2018 9:45am
Mr. Pip you looking for a short on this long term 1:1 or avoiding the momentum into the area?
  • #42,155
  • Jul 26, 2018 10:05am Jul 26, 2018 10:05am
Quoting Sheeep44
long. {image}
Plan your trade, trade your plan.
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"Luck is when opportunity meets preparation"
  • #42,156
  • Jul 26, 2018 10:05am Jul 26, 2018 10:05am
another day of insane movement with little correction. waiting... still waiting.

ignore that square.
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  • #42,157
  • Jul 26, 2018 10:06am Jul 26, 2018 10:06am
Quoting bmdenton23
Mr. Pip you looking for a short on this long term 1:1 or avoiding the momentum into the area?
Nope the sellers are is big trouble here
If you fail to plan, you plan to fail.
  • #42,158
  • Jul 26, 2018 10:18am Jul 26, 2018 10:18am
Even in the "valley of indecision"... Harmonics are golden. :-)
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Markets can remain irrational longer than you can remain solvent - JMK
  • #42,159
  • Jul 26, 2018 10:32am Jul 26, 2018 10:32am
So price struggled to make a NSH, the bulls really had to put some money in.. But we got there and made a ( hard to ready) NSH.
Then price almost pulled back into my AOI, and after that quickly reversing to the upside. Then price pulled back into my AOI again, giving a nice PA conformation, a weak one, but one that fitted my Trading Plan and because of that I needed to take it. This is and was a significant area where price really struggled to get past and get through, so time will tell.
Loving the patience and discipline.
Not trying to show every trade I take, but hoping I can contribute to traders out there who could benefit from these kind of charts.
I really don't care if this is a winner or a loser. I know that I make a certain amount of % I make, of every trade I take and therefore I really couldn't care about the outcome. The process is everything that matters, because If you skip your process your average return per trade gets messed up and therefore your results won't be the same. So rather focus on the process of identifying areas of interest than to focus on a winning or a losing trade, the proces is 10x more important than the outcome, your trade plan was creatod based on a certain proces.
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"Luck is when opportunity meets preparation"
  • #42,160
  • Jul 26, 2018 10:33am Jul 26, 2018 10:33am
Quoting Bruin813
{quote} Dear BM, When you do this, do you ignore the expectation for a shallow, medium or deep correction? Or do you still take these into account and place your orders in structure areas based on this expectation? I'm interested in your FX charts as well.
Quoting you - "do you still take these into account and place your orders in structure areas based on this expectation"
Exactly. On the fx side I'm trading a much bigger swing, maybe equivalent to the 1597T for the YM. It's difficult to pinpoint turning points but I can still have an expectation for the deepness/shallowness of a pullback and spread my orders around in that area, at structure, ratio, fibs, 1:1, pivots, BRNs, something that gives me confluence.
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