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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

  • #42,201
  • Jul 27, 2018 5:05pm Jul 27, 2018 5:05pm
Quoting 6288monkey
{quote} 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?
I broke rules because of technical reasons and although I was originally trading with the more intermediate order flow, the severe breakdown followed by strengthening of the immediate made me decide to go with the strength. Although it was against rules, I found enough technicals to justify the entry. The white candle is just an entry after the break of intermediate structure so I waited for the retrace to enter short. After the strong move to the upside I waited to see if it could continue. The small leg to the upside following that was weak and seeing as a break of structure has a deep retracement it was still in my rules to take the trade. After I saw the shooting star (something I'm learning currently and testing) I looked for rotation to the downside, and since there was rotation it was a valid entry. Plus the trade would have given absolutely amazing R:R. Risk was 2 pips for a projected reward of 13 so 6:1 is pretty excellent.
  • #42,202
  • Jul 27, 2018 5:22pm Jul 27, 2018 5:22pm
Quoting bmdenton23
2 trades today +65 and +36 {image}
Awesome trades, you very experienced at trading the 89T.
  • #42,203
  • Jul 27, 2018 6:23pm Jul 27, 2018 6:23pm
Quoting S41nt
{quote} I broke rules because of technical reasons and although I was originally trading with the more intermediate order flow, the severe breakdown followed by strengthening of the immediate made me decide to go with the strength. Although it was against rules, I found enough technicals to justify the entry. The white candle is just an entry after the break of intermediate structure so I waited for the retrace to enter short. After the strong move to the upside I waited to see if it could continue. The small leg to the upside following that was...
The white circle was an more advanced 1 to 1 completion from my understanding, am I right?
  • #42,204
  • Jul 27, 2018 6:36pm Jul 27, 2018 6:36pm
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}
Bmdenton23 , can you explain why you take the last 2 trade?

1. I see strong down on correction , shouldn't we wait further corrections for entry? it was a valid NSH though
then your TP , it was not by trailing out?

2. If not mistaken you were trading 1 to 1 completion , but on such strong bull ? And your TP was not at 61.80 also.
( jaytrader also take same setup at one post above yours, his trade was entry after some weakness and TP at 61.80. )

i also see your previous post the TP was way far from the swing you trade

hope you can share with us what you were trading to.
  • #42,205
  • Jul 27, 2018 10:29pm Jul 27, 2018 10:29pm
Quoting 6288monkey
{quote} The white circle was an more advanced 1 to 1 completion from my understanding, am I right?
Yeah I used a 1:1 of the immediate to see a deep correction and I also like to use the previous move before the break of structure to help see if it lines up with structure and expectation.
  • #42,206
  • Jul 28, 2018 5:23am Jul 28, 2018 5:23am
Quoting S41nt
{quote} Yeah I used a 1:1 of the immediate to see a deep correction and I also like to use the previous move before the break of structure to help see if it lines up with structure and expectation.
S41nt , do you mind post a chart? I still fail to understand
  • #42,207
  • Jul 28, 2018 8:52am Jul 28, 2018 8:52am
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}
Hey buddy, my 2 cents. I have backtested 15M charts and applied them, where you just set alarms and then take trades.. What I used to do is quickly check the charts every 2 hours or so if my alarms didn’t go off, you could apply the same to your targets.. Just set alarms whenever you have to take action.. Get a subscription to tradingview and you are set to go! You can even trade tickcharts on mobile devices I believe or just take your laptop to work or wherever and practice on Fx before you trade the YM? Again just trying to help
you find the best situation.. I am also trying to figure out what timeframe suits my schedule the best, it is pretty hard to figure that out .. Good luck.

-Sheeep
"Luck is when opportunity meets preparation"
  • #42,208
  • Edited 2:14pm Jul 28, 2018 2:03pm | Edited 2:14pm
Quoting 6288monkey
{quote} S41nt , do you mind post a chart? I still fail to understand
So I basically mean I take the red immediate swing and do a 1:1 of that to see where price could find resistance. Than I use the yellow of the previous move and see a larger more intermediate swing. Then I look for structure in those areas seen by the green rectangle. Technically though, if the bears were really in control with as much strength as they showed, they probably shouldnt have got past that wall of sellers with such ease (the bottom line of the rectangle).
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  • #42,209
  • Jul 28, 2018 10:27pm Jul 28, 2018 10:27pm
Quoting 6288monkey
{quote} Bmdenton23 , can you explain why you take the last 2 trade? 1. I see strong down on correction , shouldn't we wait further corrections for entry? it was a valid NSH though then your TP , it was not by trailing out? 2. If not mistaken you were trading 1 to 1 completion , but on such strong bull ? And your TP was not at 61.80 also. ( jaytrader also take same setup at one post above yours, his trade was entry after some weakness and TP at 61.80. ) i also see your previous post the TP was way far from the swing you trade hope you can share with...
Trade #1 - Price retraced to the 50% for my entry which was by limit order. I would've added at the other AOIs if necessary.
I gave up points by not trailing but I didn't set an alert and price ran up on me while I was away so it hit my TP.

Trade #2 - We had 2x 1:1 completions in the same area as 2x 161% extensions. That's a lot of confluence. Ideally you are correct the TP would be far south of the 106 points I collected. I may very well reenter short Monday and aim for a lower target depending on what the Sunday opening looks like. There were several US economy headlines Friday evening with a few non-DOW equities having disastrous earning reports towards the end of last week. Facebook lost like 15% value heading into the weekend which will undoubtedly have some sympathy reactions in DOW components like AAPL. My expectation is that Facebook will GAP up and may launch another push higher on sympathy Monday morning. We'll see but there was enough anticipation of weekend shakeup that I felt taking my +106 was the right thing to do on a Friday evening. I can always reenter Monday. One thing I am not afraid of at all is reentering at the same price and paying the broker his commission.

Keep in mind these long term results are DEMO, so take my comments about these demo trades for whatever it's worth.
There's over 1200+ points from July 2nd to July 27th on that 2nd pic.
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  • #42,210
  • Jul 29, 2018 2:24am Jul 29, 2018 2:24am
Quoting S41nt
{quote} So I basically mean I take the red immediate swing and do a 1:1 of that to see where price could find resistance. Than I use the yellow of the previous move and see a larger more intermediate swing. Then I look for structure in those areas seen by the green rectangle. Technically though, if the bears were really in control with as much strength as they showed, they probably shouldnt have got past that wall of sellers with such ease (the bottom line of the rectangle). {image}
Ok , now I understand what you were looking at , but don't understand why you want to go short at white circle?

it was strong bull indication
  • #42,211
  • Jul 29, 2018 2:44am Jul 29, 2018 2:44am
Hello traders, this question is like a Main Swing anatomy lesson. It can be found in the chart.
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  • #42,212
  • Jul 29, 2018 5:19am Jul 29, 2018 5:19am
Quoting Bodiddi
Hello traders, this question is like a Main Swing anatomy lesson. It can be found in the chart. {image}
Nice question

order flow was abit hard to identify at times , the more you practice , you will see more clearer

now by just looking at this chart without previous data
green and pink was same order flow
Orange and blue are same order flow
purple are not a right swing

you can trade either one
pink , SL should be above pink ( nsl )
orange , SL above blue ( this was already 3rd swing of NSL , and after such extension , I don't expect a complex correction anymore, thus break of blue will be NSH for this order flow )

also you need to consider strength and weakness of the candle to choose which order flow to trade.

hope this help.
  • #42,213
  • Jul 29, 2018 5:27am Jul 29, 2018 5:27am
Quoting 6288monkey
{quote} Nice question order flow was abit hard to identify at times , the more you practice , you will see more clearer now by just looking at this chart without previous data green and pink was same order flow Orange and blue are same order flow purple are not a right swing you can trade either one pink , SL should be above pink ( nsl ) orange , SL above blue ( this was already 3rd swing of NSL , and after such extension , I don't expect a complex correction anymore, thus break of blue will be NSH for this order flow ) also you need to consider...
Thanks 6288monkey, it makes things more clear. It's amazing to reach that 70% expectancy just by being on the right side of things. I was watching Mr. Pip's vid and he said when following the right order flow, over time, it's impossible to lose. It's a powerful tool and I really believe in it.
  • #42,214
  • Jul 29, 2018 6:01pm Jul 29, 2018 6:01pm
Quoting 6288monkey
{quote} Ok , now I understand what you were looking at , but don't understand why you want to go short at white circle? it was strong bull indication
So the reason I didn't go short at the completion of the yellow 1:1 was for your exact reason, the strong bulls into the area. So I agree, entering short after all that strength would be risky, hence the reason I waited to see if it continued. Then price attempted to make another leg which was weaker than the last and heading into the 100 percent correction of the swing that broke structure. I saw the candle in the white circle indicating weakness of the bulls in a good area of resistance, so I waited to see if that could continue and the rotation candle that followed would have given me enough confidence to enter (time permitting).

I completely agree that the strength going up into that area was very aggressive, but since the R:R was so good it was worth entering if I saw rotation or breakdown. After the break of structure, I would've expected at the very least a test of the lows of the move that broke structure, or where the bulls came in so strongly.
  • #42,215
  • Jul 30, 2018 3:54am Jul 30, 2018 3:54am
Quoting 6288monkey
{quote} Nice question order flow was abit hard to identify at times , the more you practice , you will see more clearer now by just looking at this chart without previous data green and pink was same order flow Orange and blue are same order flow purple are not a right swing you can trade either one pink , SL should be above pink ( nsl ) orange , SL above blue ( this was already 3rd swing of NSL , and after such extension , I don't expect a complex correction anymore, thus break of blue will be NSH for this order flow ) also you need to consider...
I don't quite agree.... maybe i am seeing a different timeframe, But ... if considering the green line a swing, then either trading the green line where stop would be some pips below it ( and it would have failed ) or trading the reversal of green line and stop would be at the top of the green line.

If trading the short move ( stop on top of green line ), possible good entry zones would be the area intersected by the orange and blue line ( strong structure and volume to the left if that was a tick chart ) or top of orange line as possible retest/ previous area where bears appeared in strength ( but would be weak display for the bears ).

To me, until the NSL at the end of the blue line, the green swing is still valid. And in that case, the stop must go above where the "expectation failed happened" ( top of green line ). You can, of couse, put the stop above the blue line, and area should hold.... but its a weak stop ( putting it in the middle of new main swing ), you have to be fair and allow it to be triggered and still go your way.

That is my view ...
  • #42,216
  • Jul 30, 2018 8:37am Jul 30, 2018 8:37am
Tomorrow is the live stream. I hope you all are excited
If you fail to plan, you plan to fail.
  • #42,217
  • Jul 30, 2018 8:50am Jul 30, 2018 8:50am
Quoting Mr. Pip
Tomorrow is the live stream. I hope you all are excited
yes! can't wait
  • #42,218
  • Jul 30, 2018 9:03am Jul 30, 2018 9:03am
Long
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If you fail to plan, you plan to fail.
  • #42,219
  • Jul 30, 2018 9:08am Jul 30, 2018 9:08am
stopped out next!
If you fail to plan, you plan to fail.
  • #42,220
  • Jul 30, 2018 9:31am Jul 30, 2018 9:31am
short
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-18 (233 Tick) 2018_07_30.png Size: 54 KB
If you fail to plan, you plan to fail.
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