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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

  • #42,561
  • Aug 15, 2018 7:14am Aug 15, 2018 7:14am
The fib. was the swing I am trading , I traded short at 38.2 and 61.8
The reason was , look to the left at 50% and 61.8% of the swing , there was actually very weak continuation but price reacted strongly there , this prove to me that seller are strong , while the strongest selling area was above 78.6 , I don't think price can reach there.

the main swing was the black line , I trade this current swing was because after seeing the blue line strong correction, price not only able to create NSL , and bull actually lose also at the rectangle area.
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  • #42,562
  • Aug 15, 2018 7:25am Aug 15, 2018 7:25am
Short 6E.

IF price enters the blue box THEN I will move my S/L to B/E.
IF price crosses the 100% THEN I will start trailing the 61.8 of the move.
IF price hits the 127.2 THEN I will start trailing on decision candle.
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  • #42,563
  • Aug 15, 2018 8:10am Aug 15, 2018 8:10am
Quoting 6288monkey
{image}{image}{image}{image}
it's easy do draw trendlines on an ipad?can u use that pencil to do it? im asking cause im interested in buying one for when im travelling
  • #42,564
  • Aug 15, 2018 8:14am Aug 15, 2018 8:14am
Update. Locked in 15p.
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  • #42,565
  • Aug 15, 2018 8:18am Aug 15, 2018 8:18am
Quoting vladutz112
{quote} it's easy do draw trendlines on an ipad?can u use that pencil to do it? im asking cause im interested in buying one for when im travelling
No , pc was the best for trading , I use iPad because no extra money for pc.
i use hand all , and platform on pc has more feature , iPad was useable but just for demo/ training the real deal was pc.

ninjatrader was not available on tablet / mobile , only pc
  • #42,566
  • Aug 15, 2018 8:35am Aug 15, 2018 8:35am
Quoting 6288monkey
{quote} No , pc was the best for trading , I use iPad because no extra money for pc. i use hand all , and platform on pc has more feature , iPad was useable but just for demo/ training the real deal was pc. ninjatrader was not available on tablet / mobile , only pc
You can use the app VNC viewer it remotely connects you from any device android/iPhone/iPad to your laptop/computer. The free version allows you to connect up to 5 computers on it. That’s how I monitor my trades when I’m not home. It connects you via wifi and is secure since you set your own password per computer. Google : VNC viewer.
  • #42,567
  • Aug 15, 2018 8:38am Aug 15, 2018 8:38am
Quoting 6288monkey
{quote} Can I know what was structure analysis mean? I believe it was find a proper swing? ( expectation ) Or projection momentum depth? Sorry Eyesonthepip , go back YouTube channel found it was NSH/L and HH LL the Fibo I draw was the swing/orderflow/expectation I am trading if you saw I trading the wrong expectation please pinpoints it out for me thanks
i am so sorry. i meant supply and demand. those boxes we draw on the chart to determine AOI.
  • #42,568
  • Aug 15, 2018 8:42am Aug 15, 2018 8:42am
Quoting 6288monkey
{quote} Hi bmdenton, was this a full EA or auto manage with manual operation? this can save you a lot of time , also reduce emotional error ( wasn't the BE too early? ) PRO
It's manual entry, and I manually set the previous swing points, then my platform handles calculating the .127 and the 1:1 move, and then trails for me. What is not shown on the chart are the additional limit orders that were originally placed. If I had been taken out BE, I would've been reentering not too many pips higher than my original entry at a better price. Depending on the strength of the run that takes me out BE, I aggressively re-enter.
  • #42,569
  • Aug 15, 2018 8:44am Aug 15, 2018 8:44am
Quoting Prock
{quote} You can use the app VNC viewer it remotely connects you from any device android/iPhone/iPad to your laptop/computer. The free version allows you to connect up to 5 computers on it. That’s how I monitor my trades when I’m not home. It connects you via wifi and is secure since you set your own password per computer. Google : VNC viewer.
And I use TeamViewer (free version) to do the same. I managed my +30 YM trade trail remotely yesterday. Not ideal, but sometimes necessary.
  • #42,570
  • Aug 15, 2018 8:54am Aug 15, 2018 8:54am
@prock thanks this should be useful for vladutz112 if he need , I don't have pc else i will use

@eyesonthepip previously post those pink rectangle was S/R , I dint draw it now because eurusd has been on strong downward move and nothing to the left, I simply just look to the left to see S/R

@bmdenton23 ok , thanks
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  • #42,571
  • Aug 15, 2018 8:54am Aug 15, 2018 8:54am
Quoting bmdenton23
{quote} And I use TeamViewer (free version) to do the same. I managed my +30 YM trade trail remotely yesterday. Not ideal, but sometimes necessary.
Yes these remote apps are a game changer when you need to step away. Also good when trading the LT
  • #42,572
  • Aug 15, 2018 8:58am Aug 15, 2018 8:58am
Quoting bmdenton23
{quote} And I use TeamViewer (free version) to do the same. I managed my +30 YM trade trail remotely yesterday. Not ideal, but sometimes necessary.
I use chrome remote desktop and teamviewer as backup ..but not for trading. My broker allows a mobile app for trading so if I need to I can manage through my android phone.

Damn.. I haven't posted a trade in a while ...been busy with all kinds of things.
+60 points ... bad entry and my inner voice was yelling at me that I should've trailed my SL 2 ticks higher behind the candle with the tail but rules are rules...
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btw... is anyone using Jigsaw's tools? I'm trying to incorporate them with Damian's method on thicker instruments like the ES and US treasuries but not getting consistent results. If anyone of you is profitable and can afford them .. I seriously think it's worth the investment.
  • #42,573
  • Aug 15, 2018 8:59am Aug 15, 2018 8:59am
Taken out on decision candle +46
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  • #42,574
  • Aug 15, 2018 9:00am Aug 15, 2018 9:00am
but the pc need to be on right?or it can be closed and still work?
  • #42,575
  • Aug 15, 2018 9:14am Aug 15, 2018 9:14am
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  • #42,576
  • Aug 15, 2018 9:17am Aug 15, 2018 9:17am
I think the best chart app is the one that Mr. Pip mentions in one of his videos. It is called TwoEyeBalls. ha ha ha. I hope all of you got that short.
Luck has no place in trading. Leave that for the poker table.
  • #42,577
  • Aug 15, 2018 9:20am Aug 15, 2018 9:20am
Quoting vladutz112
but the pc need to be on right?or it can be closed and still work?
Yes the PC does need to be on. I use caffeine app so my Mac doesn’t sleep- but I can turn the monitor off without the PC sleeping. If you can’t leave your computer on then maybe you should look into getting a VPS. It’s usually 20-30$ monthly depending on how much CPU you need and other stuff. When I was trading forex I used forexvps.net running 4 mt4 platforms.
  • #42,578
  • Aug 15, 2018 9:39am Aug 15, 2018 9:39am
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  • #42,579
  • Aug 15, 2018 9:44am Aug 15, 2018 9:44am
+122
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  • #42,580
  • Edited 10:11am Aug 15, 2018 9:45am | Edited 10:11am
gone short. Good R:R after bears began consuming the bulls in my AOI. Immediate order flow was weakening going into my area as well.

Concerns:
- Not as clear structure as I would like to see
- Quite a few roadblocks along the way

EDIT: Immediate structure has broken to the downside, adding strength to my entry

EDIT 2: Out with +5 after moving stop behind immediate structure and seeing extreme bullish consumption after strong bear move.
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