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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

  • #42,581
  • Aug 15, 2018 7:49am Aug 15, 2018 7:49am
Quoting bmdenton23
+122 {image}
Where was initial SL , that was very shallow correction.
  • #42,582
  • Aug 15, 2018 7:51am Aug 15, 2018 7:51am
Quoting S41nt
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 {image}
From my read of projection momentum and depth , dint expect deep correction, and this correction was strong too, but bull become weak at very deep area and it was the expectation , should atleast can get to BE

edit : moved to BE , bull should not has any significant move to entry area
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  • #42,583
  • Aug 15, 2018 8:00am Aug 15, 2018 8:00am
Quoting 6288monkey
{quote} Where was initial SL , that was very shallow correction.
Entry was 146, SL was 25216 (70 pts), initial target was 25056 (90 pts), trailing was much loser than normal, you never know how far it will go, and it looks like I got out way too early.
  • #42,584
  • Aug 15, 2018 8:04am Aug 15, 2018 8:04am
Quoting bmdenton23
{quote} Entry was 146, SL was 25216 (70 pts), initial target was 25056 (90 pts), trailing was much loser than normal, you never know how far it will go, and it looks like I got out way too early.
Bmdenton23 , I don't have YM chart here , but from the chart you post , SL was 2swing above entry
on what basis you put your SL , and how you trail? Example certain rule etc.
  • #42,585
  • Aug 15, 2018 8:06am Aug 15, 2018 8:06am
Quoting Sheeep44
{quote} Update: Longer Longer Longer Longer Longer term doing great so far. Plan your trade, trade your plan. {image}
Here you go. I Identified the pattern, and predicted and followed the plan.
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"Luck is when opportunity meets preparation"
  • #42,586
  • Aug 15, 2018 8:14am Aug 15, 2018 8:14am
Quoting Sheeep44
{quote} Here you go. I Identified the pattern, and predicted and followed the plan. {image}
Excellent trading as always, Sheeep.
  • #42,587
  • Aug 15, 2018 8:15am Aug 15, 2018 8:15am
I haven't posted a chart in awhile. I finished doubling my second demo account a couple of weeks ago. I am now on my 3rd demo account. It is already doubled. Still practicing on demo until I can fund an account. Enjoying the math of the markets more and more.
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Luck has no place in trading. Leave that for the poker table.
  • #42,588
  • Aug 15, 2018 8:16am Aug 15, 2018 8:16am
Quoting 6288monkey
{quote} Bmdenton23 , I don't have YM chart here , but from the chart you post , SL was 2swing above entry on what basis you put your SL , and how you trail? Example certain rule etc.
I was trading the larger swing from 25288 to 25107. SL was 618 of that leg, initial target was 127 extension, trailed loosely.
I only take these trades when you have breakouts from consolidation/ranges, 1st pull back.

--edit sorry wrong stat sheet
50% w/l
1.90:1 w/l ratio
  • #42,589
  • Aug 15, 2018 8:35am Aug 15, 2018 8:35am
Buyer seem to be not able to do anything even after such strong move
this might just be fake move , and dint expect such strong correction
might trade smaller orderflow althought this swing was not really big ( 40pips )
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  • #42,590
  • Edited 9:48am Aug 15, 2018 8:47am | Edited 9:48am
Long in line with strength and structure. CD leg was stronger than AB leg therefore another leg should be expected. Completion of third leg leg down into an area of buyers with weakening immediate order flow and consumption by the bulls increasing.

Concerns:
- extremely large swing playing on the limits of my emotions, but always follow the plan.
- deep correction after such strength (although breaks of structure = deep correction especially with strength in bar by bar)
- Volatility of news events can sometimes be unpredictable (but structure analysis is 70% probable)

EDIT: BE early at test of previously strong resistance

EDIT 2: taken out on trail at +20. Could've gotten more but trailed more aggressively due to my end time being reached. Profit target was originally reached as well.

Today was an excellent trading day, to say the least. The month of August has been terrible for my trading with everyday being red thus far. But today alone and especially the last trade, erased every loss and put me in the green for the month. It's crazy how controlling the R:R plus trailing to capture more profits balances the scales in your favor tremendously for a positive expectancy.
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  • #42,591
  • Aug 15, 2018 9:53am Aug 15, 2018 9:53am
One trade today
+58 on 6E
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  • #42,592
  • Aug 15, 2018 10:07am Aug 15, 2018 10:07am
Quoting Prock
One trade today +58 on 6E {image}
Prock , price has not reach 1 to 1 , can I know why TP ?

i would say the bull are very strong despite slow up it dint correct anywhere even at strong resistance area.
  • #42,593
  • Aug 15, 2018 10:23am Aug 15, 2018 10:23am
Quoting 6288monkey
{quote} Prock , price has not reach 1 to 1 , can I know why TP ? i would say the bull are very strong despite slow up it dint correct anywhere even at strong resistance area.
I actually had to leave and couldn't manage and trail it while driving
  • #42,594
  • Aug 15, 2018 10:32am Aug 15, 2018 10:32am
Why I always on the wrong decisions haha
Sometime , you guys wait for rotation and I dint , I lose ( lose compare to you guys, not expectation failure )
this time , I wait proper entry , you guys dint , I lose again

edit : put limit order before going to sleep ( demo )
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  • #42,595
  • Aug 15, 2018 10:55am Aug 15, 2018 10:55am
Quoting 6288monkey
Why I always on the wrong decisions haha Sometime , you guys wait for rotation and I dint , I lose ( lose compare to you guys, not expectation failure ) this time , I wait proper entry , you guys dint , I lose again edit : put limit order before going to sleep ( demo ) {image} {image}
I haven’t bought/sold on rotation for a while I find it eats a bit of my profit and leaves me vulnerable when protecting BE at structure. I place orders based on fib/structure.
I feel like you’re paying too much attention to momentum/strength. I suggest to just pay attention to the expectation for now- if the next expectation is suppose to be a NSH or NSL.
  • #42,596
  • Aug 15, 2018 6:27pm Aug 15, 2018 6:27pm
Quoting Prock
{quote} I haven’t bought/sold on rotation for a while I find it eats a bit of my profit and leaves me vulnerable when protecting BE at structure. I place orders based on fib/structure. I feel like you’re paying too much attention to momentum/strength. I suggest to just pay attention to the expectation for now- if the next expectation is suppose to be a NSH or NSL.
But that was the most important point Mr.Pip were teaching , like a doctor look into very details

News , S/R , Supply/Demand , Bigger Swing , overall trend ( these are thing to be aware )
then
Main Swing and follow this expectation , even for 1 to 1 , we should follow expectation direction.
then
into detail by assessing order flow strength - for best/better entry
(projections momentum depth , s/r, consume , accumulate , absorption , bar by bar , compare and contrast to the left footprint)

Yesterday I have a lose on trading wrong swing / putting wrong SL , but still a profitable day , although not as good as you guys
the important for me now was finding the right swing when market seem to be complex
also learning to read the detail but this put me into negative for these few day.
let see how it work today , tomorrow have to go drive.
  • #42,597
  • Aug 15, 2018 6:53pm Aug 15, 2018 6:53pm
Projection momentum depth indicate shallow correction
limit order as not active hour
strong resistance slightly above this high
strong selling footprint at left after 50%fib.
this move up was " due to " Aud news
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  • #42,598
  • Aug 15, 2018 10:09pm Aug 15, 2018 10:09pm
Quoting 6288monkey
{quote} But that was the most important point Mr.Pip were teaching , like a doctor look into very details News , S/R , Supply/Demand , Bigger Swing , overall trend ( these are thing to be aware ) then Main Swing and follow this expectation , even for 1 to 1 , we should follow expectation direction. then into detail by assessing order flow strength - for best/better entry (projections momentum depth , s/r, consume , accumulate , absorption , bar by bar , compare and contrast to the left footprint) Yesterday I have a lose on trading wrong swing /...
Watch the live streams since the beginning of this year again. Or maybe you did not watch them yet. Damian changed his mind about what you are saying here.

He is basically telling us that we need to keep it simple and just trade the expectation, no matter what. In fact, he admitted that it is something he is struggling with himself. He is so good at reading the chart that he skips trades knowing that it may hurt his expectancy.

Like Prock said, get back to the basics and just trade the expectation without trying to analyze strength, weakness, consuming, accumulation, etc. You will only make things more difficult for yourself.

Also decide what order flow you want to trade and only trade that order flow. I still have the feeling you are trading different order flows at the same time.

Good luck, buddy!
  • #42,599
  • Aug 15, 2018 10:48pm Aug 15, 2018 10:48pm
Price keep on going up without much retrace
should I trade the black line or expand my fib.
This was complex part of order flow

would like to know you guys opinion
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  • #42,600
  • Aug 15, 2018 10:58pm Aug 15, 2018 10:58pm
Quoting Bruin813
{quote} Watch the live streams since the beginning of this year again. Or maybe you did not watch them yet. Damian changed his mind about what you are saying here. He is basically telling us that we need to keep it simple and just trade the expectation, no matter what. In fact, he admitted that it is something he is struggling with himself. He is so good at reading the chart that he skips trades knowing that it may hurt his expectancy. Like Prock said, get back to the basics and just trade the expectation without trying to analyze strength, weakness,...
Yes , I trade different order flow at same time, I thought this should be efficientcy , sometime price change it length also change what it work toward , like the post above.
i might miss out one or two video , but I am going thru most of it , some for few time to make sure dint miss out great info.
if can ,let me know which live stream was it.
i will try to take as much swing as I can , but weird though I seem to always get into failure as you can see from my post.
also , when I trade main swing , you guys tell me trade latest info
when I dint follow main swing , other thing happen, when I limit order , ask me determine strength weakness , when I dint , ask me just trade expectation. Etc etc . Not blaming or what , but luck seem not on my side , thought this were just few trade, not the final results yet.
I know the easiest way was just trade expectation with limit order , but still like to go thru chart reading while doing so.
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