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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

  • #42,701
  • Aug 21, 2018 11:32am Aug 21, 2018 11:32am
Today's trade from the stream
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-18 (233 Tick) 2018_08_21 (12_32_21 PM).png Size: 43 KB
If you fail to plan, you plan to fail.
  • #42,702
  • Aug 21, 2018 11:40am Aug 21, 2018 11:40am
Quoting Mr. Pip
Hello Traders, Great session today tough and profitable. I will post the video later after it renders.
Great session. Thank you.
One Good Trade
  • #42,703
  • Aug 21, 2018 11:47am Aug 21, 2018 11:47am
Hey Damian,

Did you notice you passed the 1000 subscribers on YouTube?
  • #42,704
  • Aug 21, 2018 12:03pm Aug 21, 2018 12:03pm
Quoting bmdenton23
I missed part of Damian's session and took the long much earlier than he did. I look forward to rewinding the session to see why Damian didn't take the long in the area that I did. Price retraced much farther than I expected and so I trailed decision candles back into BE, and then stayed at BE until we reached the 1:1. +33 for me. {image}
Reviewed the part of the video I missed, where I took the long and Damian did not. Damian wanted to take this trade but didn't like fact that it took 7 candles to get the bullish rotation
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  • #42,705
  • Aug 21, 2018 1:19pm Aug 21, 2018 1:19pm
Quoting pereiraalex
Thanks Damian. Today happened a movement that creates alot of doubts, and there are alot of posts in the thread about it ( When it seems it reverses and changes direction, and expectation is on the other side ) Thanks for explaining it and your ideas as it unfolds
When in doubt check what's the ES doing. Little brother usually follows his bigger brother

Edin: I know Damian doesn't mention it anywhere but I like doing it when I'm not certain about YM.
  • #42,706
  • Aug 21, 2018 1:20pm Aug 21, 2018 1:20pm
Quoting bmdenton23
{quote} Reviewed the part of the video I missed, where I took the long and Damian did not. Damian wanted to take this trade but didn't like fact that it took 7 candles to get the bullish rotation {image}
Are you saying he uses some kind of filter? ;-)

Honestly, you could have decided to scratch your trade when price broke below the support for roughly -10/-11 ticks and re-enter at the 1min. opening range for a second entry long.
  • #42,707
  • Aug 21, 2018 2:19pm Aug 21, 2018 2:19pm
Hello again Traders, here is the link to the live stream hope you all enjoyed it and there is another one this Thursday! See you then!

https://youtu.be/CWX44aMRP14
If you fail to plan, you plan to fail.
  • #42,708
  • Aug 21, 2018 2:22pm Aug 21, 2018 2:22pm
Quoting x3m-PippiN
{quote} When in doubt check what's the ES doing. Little brother usually follows his bigger brother Edin: I know Damian doesn't mention it anywhere but I like doing it when I'm not certain about YM.
In my humble opinion, apple and oranges. We do not have to be sure, in fact we are never sure (100%) that the market will do next. What we should always have is a clear expectation and that is what we should look to capture. I don't mean to pick on you but if the chart is process properly little unknowns should lay ahead.
If you fail to plan, you plan to fail.
  • #42,709
  • Aug 22, 2018 2:32am Aug 22, 2018 2:32am
Quoting Mr. Pip
Hello again Traders, here is the link to the live stream hope you all enjoyed it and there is another one this Thursday! See you then! https://youtu.be/CWX44aMRP14
Amazing session once again Damian. Thank you so much for your priceless help and support.
  • #42,710
  • Aug 22, 2018 3:04am Aug 22, 2018 3:04am
Quoting Mr. Pip
Hello again Traders, here is the link to the live stream hope you all enjoyed it and there is another one this Thursday! See you then! https://youtu.be/CWX44aMRP14
I saw your video for the first time. Loved it. I am also into futures trading. Loved your trading style. Do you do these sessions regularly?
  • #42,711
  • Aug 22, 2018 4:22am Aug 22, 2018 4:22am
Quoting hammadshahir
{quote} I saw your video for the first time. Loved it. I am also into futures trading. Loved your trading style. Do you do these sessions regularly?
At least once every month. Also review Damian Castilla's YouTube channel for live sessions from the past.
  • #42,712
  • Aug 22, 2018 6:36am Aug 22, 2018 6:36am
Quoting hammadshahir
{quote} I saw your video for the first time. Loved it. I am also into futures trading. Loved your trading style. Do you do these sessions regularly?
Thank you! Yes, like mentioned below at least once a month. Tomorrow we are doing another one. Subscribe to the channel so that you can get notifications.
If you fail to plan, you plan to fail.
  • #42,713
  • Aug 22, 2018 6:39am Aug 22, 2018 6:39am
Quoting steos
{quote} Amazing session once again Damian. Thank you so much for your priceless help and support.
Thank you my friend we had a very tough market but we were able to stay ahead of price action and follow the trade plan. Tomorrow we get to do it again. The next live stream is tomorrow. Again like yesterday I want to focus on process and trade management
If you fail to plan, you plan to fail.
  • #42,714
  • Aug 22, 2018 7:03am Aug 22, 2018 7:03am
My takeaway from the live stream was: "What is the market working towards?". Thanks, Damian.
  • #42,715
  • Aug 22, 2018 7:40am Aug 22, 2018 7:40am
First trade for today +30 points. Not happy though how I managed the trade since I started to trail earlier.

Attached Image (click to enlarge)
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  • #42,716
  • Aug 22, 2018 8:14am Aug 22, 2018 8:14am
Mr. Pip I have the following question:

Yesterday price was making NSH and our expectation was for a NSH as well. At some point (oval area) expectation failed with a strong swing (green line) where we experienced almost no corrections whatsoever. Today we see a series of intraday NSHs but still in the bigger scheme expectation is for a NSL. This is one of the scenarios that gets me confused and I am not sure which order flow to use and develop an expectation out of it. Is it the green order flow or the bworn one?

Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-18 (233 Tick) 22_8_2018.jpg Size: 72 KB
  • #42,717
  • Aug 22, 2018 8:31am Aug 22, 2018 8:31am
Quoting steos
Mr. Pip I have the following question: Yesterday price was making NSH and our expectation was for a NSH as well. At some point (oval area) expectation failed with a strong swing (green line) where we experienced almost no corrections whatsoever. Today we see a series of intraday NSHs but still in the bigger scheme expectation is for a NSL. This is one of the scenarios that gets me confused and I am not sure which order flow to use and develop an expectation out of it. Is it the green order flow or the bworn one? {image}
Which order flow are you trading? If you are looking towards the shorter term you need to be looking for longs. Longer term is short and looking for D completion into an area of interest is what to look for.
If you fail to plan, you plan to fail.
  • #42,718
  • Aug 22, 2018 8:33am Aug 22, 2018 8:33am
Quoting Mr. Pip
Hello again Traders, here is the link to the live stream hope you all enjoyed it and there is another one this Thursday! See you then! https://youtu.be/CWX44aMRP14
Mr. Pip,

I really enjoyed your session from last night. Each time I watch one I learn a little bit more than last time. And sometimes, you will teach the same thing that you taught before, but with a different word choice or a different logical approach that helps me to see what I didn't notice before.

So, I tip my hat to you with great admiration and appreciation!

Thanks for making such pleasurable teaching lessons. I don't know how you do it. You talk to all of us as though we are sitting besides you looking at your screen with you, although the only voice of ours that you interact with are our mere text typed into a screen. You really do an amazing job of making us feel as if you are right there in person. Thanks so very much!
Luck has no place in trading. Leave that for the poker table.
  • #42,719
  • Aug 22, 2018 8:37am Aug 22, 2018 8:37am
Looking for shorts around 840
If you fail to plan, you plan to fail.
  • #42,720
  • Aug 22, 2018 8:38am Aug 22, 2018 8:38am
Quoting Pair-me-up
{quote} Mr. Pip, I really enjoyed your session from last night. Each time I watch one I learn a little bit more than last time. And sometimes, you will teach the same thing that you taught before, but with a different word choice or a different logical approach that helps me to see what I didn't notice before. So, I tip my hat to you with great admiration and appreciation! Thanks for making such pleasurable teaching lessons. I don't know how you do it. You talk to all of us as though we are sitting besides you looking at your screen with you, although...
I totally agree with your words. I really feel the same thing.
Mr. Pip does not only have the knowledge but also a charismatic way of sharing it!
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