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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

  • #43,001
  • Sep 12, 2018 8:17am Sep 12, 2018 8:17am
What's going on with YM?
  • #43,002
  • Sep 12, 2018 8:18am Sep 12, 2018 8:18am
Update.. taken out at target. Good night all.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-18 (233 Tick).png Size: 62 KB
Luck has no place in trading. Leave that for the poker table.
  • #43,003
  • Sep 12, 2018 8:21am Sep 12, 2018 8:21am
Quoting Pair-me-up
{quote} Great trade. I noticed that your chart is the 233. Are you still using the 89 tick chart?
Yes. Most of time I trade with 89T
  • #43,004
  • Sep 12, 2018 8:26am Sep 12, 2018 8:26am
Quoting Pair-me-up
Update.. taken out at target. Good night all. {image}
Congrats
  • #43,005
  • Sep 12, 2018 8:33am Sep 12, 2018 8:33am
Quoting Pair-me-up
Update.. taken out at target. Good night all. {image}
On what entry conditions? Looks like a random buy.
  • #43,006
  • Sep 12, 2018 8:42am Sep 12, 2018 8:42am
Quoting JeremyV
{quote} On what entry conditions? Looks like a random buy.
I had the same thought. Were you trading the small range?
  • #43,007
  • Sep 12, 2018 8:47am Sep 12, 2018 8:47am
Quoting Prock
+107 today {image}
Hey Prock, can you explain your thought process on the first trade.
  • #43,008
  • Sep 12, 2018 8:49am Sep 12, 2018 8:49am
Does anyone have an explanation where the huge bullish momentum came from about half an hour ago?
  • #43,009
  • Sep 12, 2018 8:59am Sep 12, 2018 8:59am
Quoting Bruin813
Does anyone have an explanation where the huge bullish momentum came from about half an hour ago?
We had crude oil report this morning.
  • #43,010
  • Sep 12, 2018 9:01am Sep 12, 2018 9:01am
Quoting Bruin813
{quote} I had the same thought. Were you trading the small range?

My thoughst on his trade:


1597:
On 9/11 it made a NSL. Deep correction expected. Hit a 1 to 1 ABCD a little past the 76 fib. Ranging since... Exp = NSL.

611:
If he was trading the correction of the 1597 to the upside: it never corrected back to the 38 fib. So no
long entry.

233:
Made an intraday NSL when it broke the range to the downside. Retraced past the 38 fib of the main swing and
to the 61 fib of the last swing. At 26000 rotation to short.
Ultimately the expectaion failed.

144/Immediate OF:
Same as above. Made said NSL and retraced almost to the 61 fib of the last swing and started ranging.
Expectation was to the downside. After the 3rd retest of 26012 it did a short term NSL (in relation to the
last few range-swings. No long signal.

The only thing I can see is that he traded against the expectation, bought the range and got lucky.
  • #43,011
  • Sep 12, 2018 9:02am Sep 12, 2018 9:02am
Quoting Bruin813
{quote} Hey Prock, can you explain your thought process on the first trade.
The buy. This was based off of expectation which was still for a NSH. Price did deeply correct and it was a great R:R for a buy, I believe my SL was 20t. Price was struggling so with that a deep correction + great structure -I got out of my buy and into a sell.
  • #43,012
  • Sep 12, 2018 12:48pm Sep 12, 2018 12:48pm
Quoting Prock
{quote} The buy. This was based off of expectation which was still for a NSH. Price did deeply correct and it was a great R:R for a buy, I believe my SL was 20t. Price was struggling so with that a deep correction + great structure -I got out of my buy and into a sell.
So when switching from buy to sell, you were anticipating an expectation failure? Also because price retested the lows where you got in?
  • #43,013
  • Sep 12, 2018 3:07pm Sep 12, 2018 3:07pm
Quoting Bruin813
{quote} So when switching from buy to sell, you were anticipating an expectation failure? Also because price retested the lows where you got in?
Hopefully this helps.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-18 (89 Tick) 2018_09_12 (6_06_34 PM).png Size: 81 KB
  • #43,014
  • Sep 12, 2018 8:29pm Sep 12, 2018 8:29pm
Quoting JeremyV
{quote} On what entry conditions? Looks like a random buy.
I hope this helps. This is also inline with what I have learned from Mr. Pip's videos. I didn't flip a coin. ha ha ha. I could have been wrong, but I have to try to apply what I have learned. I did post a doc awhile ago on how I have been learning from Mr.Pip. If you go to my profile, you can see docs that I have posted. If it is of any value, then you can download it.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-18 (233 Tick).png Size: 75 KB
Luck has no place in trading. Leave that for the poker table.
  • #43,015
  • Sep 12, 2018 9:12pm Sep 12, 2018 9:12pm
Quoting Mr. Pip
All is good thank God!
What will be the Time for the live stream
  • #43,016
  • Edited 11:40pm Sep 12, 2018 9:55pm | Edited 11:40pm
Any suggestion what I can work with except the main swing?
anything I overlook?

update: go short newly created NSL , half position
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  • #43,017
  • Sep 12, 2018 10:03pm Sep 12, 2018 10:03pm
Quoting Prock
{quote} Hopefully this helps. {image}
Very helpful, thanks. You really know your stuff, Prock!
  • #43,018
  • Sep 12, 2018 10:12pm Sep 12, 2018 10:12pm
Quoting Pair-me-up
Trying to get long. I noticed that the market has been side ways for many days. I think it is good practice though. {image}
sideways pattern is a dangerous one, full of trap. Breakout chance is very big. dont forget to use trailing stop.
Profit growth tells you the trader ability.
  • #43,019
  • Sep 13, 2018 12:48am Sep 13, 2018 12:48am
Attached Image (click to enlarge)
Click to Enlarge Name: Schermafbeelding 2018-09-13 om 09.48.08.png Size: 94 KB
"Luck is when opportunity meets preparation"
  • #43,020
  • Sep 13, 2018 5:57am Sep 13, 2018 5:57am
Quoting Bruin813
{quote} Very helpful, thanks. You really know your stuff, Prock!
I still have lots to learn.
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