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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

  • #42,741
  • Aug 22, 2018 10:36am Aug 22, 2018 10:36am
YM - Two trades today. +131.

My short limit order got filled yesterday. There was a lot of confluence for me to go short there and I was expecting the sellers to come in in this area. Next entry would have been at 25900, but I did not get filled there. My SL got triggered by a few points today morning.

Second trade today long, aligning with my shorter term expectation.
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  • #42,742
  • Aug 22, 2018 11:38am Aug 22, 2018 11:38am
Did nobody see the mid-term expectation failure and took the 61.8% and/or 76.4% short? 25800 and 258300 area. Good to see an the 611T chart.
The intraday 233T expectation was for higher highs, but I keept that in mind. And after the second harmonic swing up to the 61.8 I stayed back and was preparing for shorts.
  • #42,743
  • Aug 22, 2018 11:58pm Aug 22, 2018 11:58pm
5 trade yesterday , 4 lose 1 BE

Now looking at red line as main swing and trading both the red line and fib.
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  • #42,744
  • Edited 6:49am Aug 23, 2018 1:18am | Edited 6:49am
Quoting JeremyV
Did nobody see the mid-term expectation failure and took the 61.8% and/or 76.4% short? 25800 and 258300 area. Good to see an the 611T chart. The intraday 233T expectation was for higher highs, but I keept that in mind. And after the second harmonic swing up to the 61.8 I stayed back and was preparing for shorts.
Hey JeremyV,

I took the short on the US30. Locked in about 70 points so far.

Edit: Out +131
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  • #42,745
  • Aug 23, 2018 5:10am Aug 23, 2018 5:10am
Hi Mr. Pip
can I please have your feedback on below price action?

On the left of the chart price was making NSHs followed by expectation failure ( 1st oval area to the left) with a very strong momentum. After that we had a series of NSHs in the shorter term. These series of NSHs can also be considered a corrective swing of the main orange swing to the left. On a new attempt from the bulls to make a NSH, price dropped and we had a new expectation failure in the short term (2nd oval area). Now both long and short term are aligned in terms of expectation and we are expecting a NSL. But we need to wait for price to come a nice AOI.
Are my swings and price action analysis correct? What about my expectation and Support/ Resistance zones?

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  • #42,746
  • Aug 23, 2018 5:56am Aug 23, 2018 5:56am
Progress till now for today
eurusd
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  • #42,747
  • Aug 23, 2018 6:00am Aug 23, 2018 6:00am
Here is the link to today's live stream

https://www.youtube.com/channel/UCy5Zq25cFK3FZeF26wn4m0w/live
If you fail to plan, you plan to fail.
  • #42,748
  • Aug 23, 2018 6:17am Aug 23, 2018 6:17am
Quoting bmdenton23
BE +1 trade for me today {image}
Nice chart, where can i find this ? Mate, will you share with me ? Thanks
  • #42,749
  • Aug 23, 2018 8:40am Aug 23, 2018 8:40am
Nice start after my holidays.
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  • #42,750
  • Aug 23, 2018 8:52am Aug 23, 2018 8:52am
Quoting evocpr19
Nice start after my holidays. {image}
Good to see you back, great trading as always Evo.
  • #42,751
  • Aug 23, 2018 12:33pm Aug 23, 2018 12:33pm
Hello Traders, Here is the link to the live stream. A losing session but happy because the trades were taken in line with the trade plan. Just one of those days where you are just not going to win .

https://youtu.be/9K43bTDojk4
If you fail to plan, you plan to fail.
  • #42,752
  • Aug 23, 2018 11:45pm Aug 23, 2018 11:45pm
Quoting Mr. Pip
Hello Traders, Here is the link to the live stream. A losing session but happy because the trades were taken in line with the trade plan. Just one of those days where you are just not going to win . https://youtu.be/9K43bTDojk4
Its more important to manage losses than winners. Thanks for the wonderful session.
One Good Trade
  • #42,753
  • Aug 24, 2018 12:25am Aug 24, 2018 12:25am
Quoting Mr. Pip
Hello Traders, Here is the link to the live stream. A losing session but happy because the trades were taken in line with the trade plan. Just one of those days where you are just not going to win . https://youtu.be/9K43bTDojk4
Great session once again Mr. Pip. Thank you.
  • #42,754
  • Aug 24, 2018 2:08am Aug 24, 2018 2:08am
US30 short.

Gonna go to BE when price hits the 38.2 retracement level and start trailing if price makes it to the 61.8 retracement of AD.

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  • #42,755
  • Aug 24, 2018 4:32am Aug 24, 2018 4:32am
Short in the longer term. Stop at 25770
Even though we see a series of NSHs in the intraday the expectation in the bigger picture is still for a NSL.
Also order flow in the short term shows good reaction from sellers (good depth) while bulls create weak projections.

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  • #42,756
  • Aug 24, 2018 4:50am Aug 24, 2018 4:50am
Quoting steos
Short in the longer term. Stop at 25770 Even though we see a series of NSHs in the intraday the expectation in the bigger picture is still for a NSL. Also order flow in the short term shows good reaction from sellers (good depth) while bulls create weak projections. {image}
I just increased my risk by placing my stop at 25785 which is a few points above the 61.8% retracement of the longer term AB=CD harmonic completion.
Any feedback is highly appreciated.
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  • #42,757
  • Aug 24, 2018 5:14am Aug 24, 2018 5:14am
Quoting steos
{quote} I just increased my risk by placing my stop at 25785 which is a few points above the 61.8% retracement of the longer term AB=CD harmonic completion. Any feedback is highly appreciated. {image}
Good rotation in 1597T at an area where decisions are made.
Let's see how it goes.
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  • #42,758
  • Aug 24, 2018 5:21am Aug 24, 2018 5:21am
Quoting steos
{quote} Good rotation in 1597T at an area where decisions are made. Let's see how it goes. {image}
First attempt by the sellers to break short term structure
Let's see how bulls react.
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  • #42,759
  • Aug 24, 2018 5:51am Aug 24, 2018 5:51am
Quoting steos
{quote} First attempt by the sellers to break short term structure Let's see how bulls react. {image}
zooming in the 233T.
these are the immediare areas of defense by bulls and bears.
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  • #42,760
  • Aug 24, 2018 6:45am Aug 24, 2018 6:45am
Just now, when I clicked on the subscription link that I have for this thread, it said that this thread doesn't exist. That is so weird. Anyone else having this issue?
Luck has no place in trading. Leave that for the poker table.
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