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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

  • #42,181
  • Jul 27, 2018 9:47am Jul 27, 2018 9:47am
I wasn't home at the time but you could have take 2 ABCD completions. I am focusing on these kind of trades and the hitrate is above 70% and the risk/reward is awsome.
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  • #42,182
  • Edited 10:14am Jul 27, 2018 10:00am | Edited 10:14am
Quoting 6288monkey
{quote} Can post which trade you took? i also looking at the same market for 9 hour already
Sure. The trade was on the OANDA advanced charting software which doesn't leave any marks so here is an approximation on the 6E chart. I just got antsy and switched which swing I was trading. Should have stuck to my guns.

Interestingly, the swings that show on the M6E chart at 21 ticks seem to match the swings to trade the 233 tick on a higher volume instrument like the 6E or a regular forex tick chart and seems to be quite tradeable intraday. It's a little choppy in its presentation but the action seems to be there. I don't think the volume quite there for the other majors e-mini currency futures offered by NinjaTrader but for now this seem to be working with M6E. $1.25 a pip.

I would switch everything to futures but I enjoy OANDA's mobile app when trading on longer terms. Although they tick me off with crazy spreads on some stops and take profits. I've been hit with up to 7 pips on EUR/USD even with their spread + commission pricing. Crazy.
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  • #42,183
  • Jul 27, 2018 10:05am Jul 27, 2018 10:05am
Quoting AzizLight
{quote} Sure. The trade was on the OANDA advanced charting software which doesn't leave any marks so here is an approximation on the 6E chart. I just got antsy and switched which swing I was trading. Should have stuck to my guns. {image}
It was a valid swing , maybe you mean switch to smaller swing , but both of them failed haha , I am in the long term one also

just that the correction were strong

maybe Friday was not a good day for trading
  • #42,184
  • Jul 27, 2018 10:20am Jul 27, 2018 10:20am
Quoting 6288monkey
{quote} It was a valid swing , maybe you mean switch to smaller swing , but both of them failed haha , I am in the long term one also just that the correction were strong maybe Friday was not a good day for trading
not to mention, there is extremely low volume right now in the market.

probably everyone has gone out to enjoy evening.
  • #42,185
  • Jul 27, 2018 10:26am Jul 27, 2018 10:26am
For what it's worth. I know we're all 'naked' chart traders here... But I've been messing around with the mkHarmonics indicator from old NT7. I have converted it to NT8 code but only for ABCD patterns so far. It appears to be working. :-)
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Markets can remain irrational longer than you can remain solvent - JMK
  • #42,186
  • Jul 27, 2018 10:31am Jul 27, 2018 10:31am
Quoting Mr. Pip
{quote} Good to see you Tim
Thanks, Mr. Pip! :-) I've been lurking, focused on my 'day job' too much after that last surgery. Time to kick it into high gear and plan my corporate retirement party. lol
Markets can remain irrational longer than you can remain solvent - JMK
  • #42,187
  • Jul 27, 2018 10:48am Jul 27, 2018 10:48am
I think enough for today
3lose 1be

left to right
1. Expect NSH - SL
2. 1 to 1 completion - BE , price reach target after
3. Expect NSL - SL
4. Expect NSL - SL , I dint wait complex correction, but seeing the weak bull also dint expect such strong following

by seeing the last trade price action I stop haha
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  • #42,188
  • Jul 27, 2018 10:54am Jul 27, 2018 10:54am
Quoting 6288monkey
I think enough for today 3lose 1be left to right 1. Expect NSH - SL 2. 1 to 1 completion - BE , price reach target after 3. Expect NSL - SL 4. Expect NSL - SL , I dint wait complex correction, but seeing the weak bull also dint expect such strong following by seeing the last trade price action I stop haha {image} {image} {image}
i haven been able to enter a trade ever since i came on at 10. Price nvr got to my AOI and very erratic movement.
  • #42,189
  • Jul 27, 2018 10:56am Jul 27, 2018 10:56am
Damian, i have another question regarding the 'accumulation' topic.
You mentioned that large candles represent accumulation. How is the correlation of your explanation to the widely held idea, respectively the dow theory, that
accumulation is a ranging phase in the market to accumulate orders ( as shown in the illustration).
Large candles appear also in the mark up / mark down phase. This is a bit confusing.
Could you explain what exactly happens when you talk about accumulation?
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  • #42,190
  • Jul 27, 2018 11:00am Jul 27, 2018 11:00am
Distribution and accumulation in this illustration appears to me as supply and demand
  • #42,191
  • Jul 27, 2018 11:07am Jul 27, 2018 11:07am
2 Trades today, +2

First one was -5 ; entered in line with expectation that was weakening. As price continued to gain strength against me I made a decision to break rules and be aggressive in exiting with as little loss as possible.

Second trade +7 ; entered in line with strength on immediate order flow after price retested the 100 percent and lost strength on the way up into a small resistance area where sellers continued to defend. Trailed according to the immediate swing and was taken out trailing at the 127.2

(ignore the white circle, was area of entry according to plan but had to get ready for work so no entry.)
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  • #42,192
  • Jul 27, 2018 12:06pm Jul 27, 2018 12:06pm
Quoting S41nt
2 Trades today, +2 First one was -5 ; entered in line with expectation that was weakening. As price continued to gain strength against me I made a decision to break rules and be aggressive in exiting with as little loss as possible. Second trade +7 ; entered in line with strength on immediate order flow after price retested the 100 percent and lost strength on the way up into a small resistance area where sellers continued to defend. Trailed according to the immediate swing and was taken out trailing at the 127.2 (ignore the white circle, was area...
Nice that got profit , but not really know was it good breaking rules, called it rescue mission maybe

was looking at 2nd trade too , but expect deeper correction since a lot resistance right below.

can I know what you looking for at the circle and how it form?
  • #42,193
  • Jul 27, 2018 12:07pm Jul 27, 2018 12:07pm
2 trades today +65 and +36
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  • #42,194
  • Jul 27, 2018 12:16pm Jul 27, 2018 12:16pm
Afternoon all
Longer term trade I have been nursing for a day or so waiting for the sellers to get off the beach and back to work , Finally got to BE +141 on a couple lots , going into the weekend. Have a great weekend all
Take Care
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Always Learning
  • #42,195
  • Edited 12:47pm Jul 27, 2018 12:35pm | Edited 12:47pm
Quoting JayTrader
Afternoon all Longer term trade I have been nursing for a day or so waiting for the sellers to get off the beach and back to work , Finally got to BE +141 on a couple lots , going into the weekend. Have a great weekend all Take Care {image}
I can only trade long term on demo but I'm short at 25511, locked in at 25405, up +127 at the moment.
Out for +106.

I've been killing it on the YM Demo long term, just wish I could apply it to FX where I can afford it.
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  • #42,196
  • Jul 27, 2018 1:01pm Jul 27, 2018 1:01pm
Quoting bmdenton23
{quote} I can only trade long term on demo but I'm short at 25511, locked in at 25405, up +127 at the moment. Out for +106. I've been killing it on the YM Demo long term, just wish I could apply it to FX where I can afford it. {image}
Are you currently long on the LT
  • #42,197
  • Jul 27, 2018 2:00pm Jul 27, 2018 2:00pm
Quoting Prock
{quote} Are you currently long on the LT
No sir, I'm out for the weekend.
  • #42,198
  • Jul 27, 2018 3:00pm Jul 27, 2018 3:00pm
Dear Damian,

I have noticed that when an expectation failed, you don't necessarily use the swing from NSL to NSH to determine AOI, Fib and structure again.

So it is okay to look for a clear high and low in line with the expectation and us that as a main swing? So the cyan, yellow and magenta line in the pic below all qualify for the main swing. Am I right?

Thanks in advance.

Regards,

Gunnar
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  • #42,199
  • Jul 27, 2018 3:32pm Jul 27, 2018 3:32pm
Hi everyone, i've been silently watching the thread, and just started using ninjatrader demo account, any advice are welcome
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  • #42,200
  • Jul 27, 2018 4:30pm Jul 27, 2018 4:30pm
Quoting bmdenton23
{quote} I can only trade long term on demo but I'm short at 25511, locked in at 25405, up +127 at the moment. Out for +106. I've been killing it on the YM Demo long term, just wish I could apply it to FX where I can afford it. {image}
Don't mean to over step here and am not preaching , but price is price. LT ST doesn't matter from what I have seen you are a"great" trader. don't focus on what you cannot do, focus on your strength and budget , if it is ST, trading be the best ST trader you can be. You can make a wonderful living doing just that. When LT trading hits your radar and budget do that, if that is your desire at the time ) Point is ,and I had to learn this hard. you don't need to be every where, specialize as Mr Pip (Damian) as graciously been steering all of us , do that and repeat it often. Distraction is the enemy, I can do better bigger better ect.... I tell you I have come home here and my trading has improved 1000% by focusing ( even though my entry's suck ) . Just ride 1 horse at a time.
Take Care
Always Learning
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