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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

  • #42,341
  • Aug 6, 2018 10:33am Aug 6, 2018 10:33am
Quoting bmdenton23
@Bonobo this one includes some harmonic considerations.. {image}
woww thank you so much.
You help are on point. Thank you

I'm really look over a lot of thing. hehe
  • #42,342
  • Aug 6, 2018 10:36am Aug 6, 2018 10:36am
the sellers are making their stand. absorption at the 78.6%.

but there is no structure on the left...
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  • #42,343
  • Aug 6, 2018 10:44am Aug 6, 2018 10:44am
Quoting JeremyV
{quote} Not much to it. But here is a picture. Trade ended up at BE. As I said before. Mid-term Fibo level for longs. So taking the short goes against the mid-term OF, but it was still in line with the intraday OF. For me it was worth the risk-reward, only because I had enough room to protect it until it got to my AoI or the last low. My thought was that price might complete the 1to1, which would end up somewhat in my AoI. And no, I don't draw S/D zones from the 1597T right now. I just look what's left from the previous days. Didn't want to complicate...
Got it. Thanks.

Trading CFD's is a good alternative for when you can't afford S/L on the YM, right? Not too familiar with this product. Does it work similar as futures, but with less tick value?
  • #42,344
  • Aug 6, 2018 10:45am Aug 6, 2018 10:45am
Quoting Eyesonthepip
the sellers are making their stand. absorption at the 78.6%. but there is no structure on the left... {image}
I have some structure drawn in the 786 area from Friday, including the closing price, though it's not as significant as the structure you've drawn on your chart. I'm not looking to add however. Just letting this trade do its thing.
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  • #42,345
  • Aug 6, 2018 10:57am Aug 6, 2018 10:57am
Quoting bmdenton23
{quote} I have some structure drawn in the 786 area from Friday, including the closing price, though it's not as significant as the structure you've drawn on your chart. I'm not looking to add however. Just letting this trade do its thing. {image}
Not looking good...
  • #42,346
  • Aug 6, 2018 11:00am Aug 6, 2018 11:00am
Quoting Bruin813
{quote} Got it. Thanks. Trading CFD's is a good alternative for when you can't afford S/L on the YM, right? Not too familiar with this product. Does it work similar as futures, but with less tick value?
I don't understand. YM is a future. Or do you mean forex? Yeah, FX is a cheap and good entry alternative, but maaaan... I don't know... FX sucks
  • #42,347
  • Aug 6, 2018 11:00am Aug 6, 2018 11:00am
Quoting Bruin813
{quote} Got it. Thanks. Trading CFD's is a good alternative for when you can't afford S/L on the YM, right? Not too familiar with this product. Does it work similar as futures, but with less tick value?
you should also take into consideration that you are betting against the house, as CFDs are essentially contracts with your broker. They decide the spread and throws in the occasional lag that prevents you from trailing too closely.

Good for small accounts, but for big accounts. the above adds up to a significant amount of $$$
  • #42,348
  • Aug 6, 2018 11:00am Aug 6, 2018 11:00am
Quoting Bruin813
{quote} Not looking good...
Nope I'm out, -57, until tomorrow.....
  • #42,349
  • Aug 6, 2018 11:07am Aug 6, 2018 11:07am
Quoting Bruin813
Short. I will move my S/L to B/E at the predetermined grey area and start trailing decision candles when price hits the 127.2% Fib level. {image}
S/L hit -60 points. Next...
  • #42,350
  • Aug 6, 2018 11:20am Aug 6, 2018 11:20am
Quoting JeremyV
{quote} I don't understand. YM is a future. Or do you mean forex? Yeah, FX is a cheap and good entry alternative, but maaaan... I don't know... FX sucks
What I mean is that the US30’s underlying instrument is the YM, which I didn't know until you brought it up. However, it is a more affordable way of trading. I do understand that I'm betting against the house, though.

I agree, FX sucks. Looking for a cheaper alternative than futures.
  • #42,351
  • Aug 6, 2018 11:24am Aug 6, 2018 11:24am
closed out early again as it's past my trading window. though it sucked to see the price move further my favour.

time to close as per trade plan. Good day everyone.
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  • #42,352
  • Aug 6, 2018 12:03pm Aug 6, 2018 12:03pm
Quoting MarkStan
{quote} I also went long at 25436, it's a bad entry but i consider the sentiment continuously bullish from last friday. As Pete mentioned, 1:1 completion hits 61,8 of the big swing. I'm still fighting with interpreting good rotations, as i don't have 233 tick charts. only 100, 150, 200 etc.. vs 1 min / 2 min Anyone of you using the 100 or 200 tick chart?
Locked in 92 pips at 25527 after trailed stop
  • #42,353
  • Aug 6, 2018 12:14pm Aug 6, 2018 12:14pm
entered way too early, but got taken out -35
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  • #42,354
  • Aug 6, 2018 12:20pm Aug 6, 2018 12:20pm
Quoting Eyesonthepip
closed out early again as it's past my trading window. though it sucked to see the price move further my favour. time to close as per trade plan. Good day everyone. {image}
congratulations on this winning trade, i saw 1:1 correction from 25267 to 25483 ,didn't take because risk reward was too high.
  • #42,355
  • Edited 1:42pm Aug 6, 2018 1:20pm | Edited 1:42pm
Only trade today +30 locked in so far
EDIT: Stopped out +55
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Always Learning
  • #42,356
  • Edited 2:42pm Aug 6, 2018 2:14pm | Edited 2:42pm
Last Trade of the day +30 locked in so far Stopped out +40 total
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Always Learning
  • #42,357
  • Aug 6, 2018 4:30pm Aug 6, 2018 4:30pm
Quoting Bruin813
{quote} S/L hit -60 points. Next...
I also took the short however i waited for price to move slightly higher at 25409 in an area of selling strength, got stopped out for -49. Good to know i was not the only one looking at that short. It was a great trade though that was in the plan
  • #42,358
  • Aug 7, 2018 1:42am Aug 7, 2018 1:42am
Need Opinion , Rectangle was a complete correction or not?

i would look at it as a completed correction
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  • #42,359
  • Aug 7, 2018 2:21am Aug 7, 2018 2:21am
Quoting 6288monkey
Need Opinion , Rectangle was a complete correction or not? i would look at it as a completed correction {image}
That depends on what your rules say. My rules say that a correction is complete when price hits the 38.2% level. It didn't quite get there, but we got to give ourselves some margin here and there. In my analysis this would be a completed correction.
  • #42,360
  • Edited 3:33am Aug 7, 2018 2:26am | Edited 3:33am
My analysis for today.
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