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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

  • #42,481
  • Aug 11, 2018 5:44pm Aug 11, 2018 5:44pm
Quoting jack411
{quote} yeah I've noticed that over the years as well. But everybody has their own way of seeing it and creating the rules to form a system that they can use. Different techniques and terminology, but it's all based around the same core ideas. As long as it's profitable and able to be used consistently is all that matters. *And I think Damian has shared excellent material and has been very generous in describing the way he follows the markets.
Yes.....entering at or near supply wins most of the time.........
  • #42,482
  • Aug 12, 2018 1:09am Aug 12, 2018 1:09am
Attached few 6E post to refer and some comment from my view , comment are very welcome

1. NSH , expect deep correction , no entry
2. Weak correction , no entry
3. Weak correction , no entry
4. Go long , but price dint reach TP , BE out
5. Dint trade as my previous 4. trade still running
6. NSL , enter short at weak correction but dint reach TP , BE out
8. NSH , enter long at very deep correction , taken out SL
9. NSL , swing were too big , looking for smaller OF
10. IOF NSH, expect deep correction no entry
11. Go long , TP hit
12. Go long , SL out, dint saw that actually near 9. overall NSL
13. NSL , enter short at weak correction/many resistance , TP hit

then price just continue down very strong , I did enter a 1to1 completion seeing candle become smaller but taken out SL

after that was not at screen but price just follow IOF down with small candle overall , not sure I will trade or not

friday working , thus no trade and no post , will be very long post. ( I will post it next , since nothing to do on weekend )

as from above Monday to Thursday , a lot new structure happen but no entry.
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  • #42,483
  • Aug 12, 2018 1:27am Aug 12, 2018 1:27am
This was Friday review

after strong downtrend , no where to start from , I choose a obvious new structure

1. NSH , no reach TP
3. NSL , weak correction , TP reach
4. Mid-deep correction , TP reach

scenario 1 < I choose this
5. Weak correction to 38.20( rectangle)
6. Weak NSL
7. NSH

scenario 2
5&6. NSL
7. Correction

comment please, thank you in advance
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  • #42,484
  • Aug 12, 2018 1:40am Aug 12, 2018 1:40am
Mr.Pip , please have a look was this right?

I look at absorption by

Uptrend
At correction, small candle down , big candle up ( healthy uptrend absorption by buyer )

Downtrend
At correction, small candle up , big candle down ( healthy downtrend absorption by seller )

still dint figure out
consume ( should be reverse of absorption )
accumulation
distribution

but it seem absorption was the most important to measure correction strength.

photo was example of what I mean
circle was not correct example
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  • #42,485
  • Aug 12, 2018 11:19am Aug 12, 2018 11:19am
Quoting bmdenton23
4 trades today +1, +1, -50, -46 I was unable to pick an accurate turning point on a single trade this week. Both of the winners I had ran against me many points before finally moving to profit. Keeping these losing weeks small is the key. No frustration, no revenge trades, recognizing how easily 100 points can be overcome with 2 good trades next week. Week 8 trades 2 Winners 2 BE 4 Losers -102 points {image}
Agree, good trading though. I also struggled to get accurate turning points, around 5 losers for me. The week tallied up to -155p which offsetted the gains in the first week of august(+133p) which consisted of 2 winners and 1 loser. I've been trading on market replay since June which forms part of my testing so this is not live trading.

Big winners are usually 80p+ so 1-2 of them will offset your bad week, main thing was you consistently traded your plan.

This week indicated to me that losing streaks do happen and gives me an indication of what size account I should trade per contract in order to manage risk and emotions.

Thanks for posting your results.
  • #42,486
  • Aug 13, 2018 1:53am Aug 13, 2018 1:53am
Short eurusd

one trade entry at 38.20
second trade entry at rotation (arrow)

expectation NSL main swing
price corrected to same length as previous correction
price was weaker on correction compare to first leg
price has fully consume the weak nsh iof
correction almost complete 1to1
price was initially struggle to correct
price reached area of interest

bull has some absorption at previous iof
bear has very few absorption
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  • #42,487
  • Edited 9:02am Aug 13, 2018 7:03am | Edited 9:02am
Took a short on the YM.

Edit: SL hit -53.
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  • #42,488
  • Aug 13, 2018 8:20am Aug 13, 2018 8:20am
Quoting 6288monkey
Mr.Pip , please have a look was this right? I look at absorption by Uptrend At correction, small candle down , big candle up ( healthy uptrend absorption by buyer ) Downtrend At correction, small candle up , big candle down ( healthy downtrend absorption by seller ) still dint figure out consume ( should be reverse of absorption ) accumulation distribution but it seem absorption was the most important to measure correction strength. photo was example of what I mean circle was not correct example {image} {image}
I will make a video this week on the subject.
If you fail to plan, you plan to fail.
  • #42,489
  • Aug 13, 2018 8:23am Aug 13, 2018 8:23am
Hello Traders, back from vacation and ready to mix it up with the market! I will be making a strong effort to make the video on absorption, consuming and accumulating this week. I will also be looking at my calendar to see when the next live stream will be.
If you fail to plan, you plan to fail.
  • #42,490
  • Aug 13, 2018 8:27am Aug 13, 2018 8:27am
Hi Mr Pip, hi everyone
i have a question on july 12th live trading on absorption.
you said:
“if the sellers are allowing the buyers to absorb an area of resistance price cannot correct it will continue..” and vice versa
my question is:
in an area of resistance ,where traders make decisions and price is slowing down. How will i understand (from our bar by bar analysis in real time) that are the sellers that allowing the buyers to absorb(so the price will continue) and there are not the buyers that allowing the sellers to absorb (so the price will reverse and will not continue)

In other words how we understand if a small candle is a result of buyers absorbing the sellers and not the sellers absorbing the buyers?
learn more , earn more
  • #42,491
  • Aug 13, 2018 8:28am Aug 13, 2018 8:28am
well come back.!!
learn more , earn more
  • #42,492
  • Aug 13, 2018 9:01am Aug 13, 2018 9:01am
looking for long in blue area
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  • #42,493
  • Aug 13, 2018 9:29am Aug 13, 2018 9:29am
Hi all & Welcome back Mr.Pip,

I have noticed a slowing of momentum on the YM233, increase in depth and reduction on projection today so I am not looking for longs and will sit on the sidelines for now.
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  • #42,494
  • Aug 13, 2018 9:39am Aug 13, 2018 9:39am
Quoting steos
looking for long in blue area{image}
even though bulls seem to be losing strength, expectation is still for a nsh
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  • #42,495
  • Aug 13, 2018 9:46am Aug 13, 2018 9:46am
Quoting GnG
Hi Mr Pip, hi everyone i have a question on july 12th live trading on absorption. you said: “if the sellers are allowing the buyers to absorb an area of resistance price cannot correct it will continue..” and vice versa my question is: in an area of resistance ,where traders make decisions and price is slowing down. How will i understand (from our bar by bar analysis in real time) that are the sellers that allowing the buyers to absorb(so the price will continue) and there are not the buyers that allowing the sellers to absorb (so the price will...
Great questions! I will address this all in the video I will make this week. It is too difficult to explain in word and a visual will give much more clarity.
If you fail to plan, you plan to fail.
  • #42,496
  • Aug 13, 2018 9:46am Aug 13, 2018 9:46am
Quoting steos
{quote} even though bulls seem to be losing strength, expectation is still for a nsh{image}
sellers need to defend cyan area

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  • #42,497
  • Aug 13, 2018 9:49am Aug 13, 2018 9:49am
Quoting steos
{quote} even though bulls seem to be losing strength, expectation is still for a nsh{image}
I fully agree that the expectation of the YM233 is a NSH. I am perhaps being a bit too cautious. Please don't let my comments sway your trade decisions.

My notes are:

Expectation: YM233 - NSH (Momentum losing strength)
Expectation: YM1597 - NSL
Structure points: 25375

I also noted a downturn from last Thursday and Friday and what appears to be structure from last Friday at the 25375.
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  • #42,498
  • Aug 13, 2018 9:52am Aug 13, 2018 9:52am
Quoting steos
{quote} sellers need to defend cyan area {image}
price hit my AOI
waiting for rotation to go long
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  • #42,499
  • Aug 13, 2018 9:55am Aug 13, 2018 9:55am
Quoting steos
{quote} price hit my AOI waiting for rotation to go long{image}
bulls do not seem to defend well their area
  • #42,500
  • Aug 13, 2018 9:58am Aug 13, 2018 9:58am
Quoting steos
{quote} bulls do not seem to defend well their area
long
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