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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

  • #43,121
  • Sep 18, 2018 6:51am Sep 18, 2018 6:51am
Quoting Matts Micro
Second trade for day. My first (a loss -12) was a buy on the shorter term expectation on the rotation candle just below 61.8% (fib not present). Perhaps could have used a bit of discretion and not entered as we have broken longer term resistance (I have noticed a lot of the time a complex correction occurs afterwards) and Euro just kicked in.... they always want a piece of the pie. Trading the longer term expectation but so far unconvincing. Will reverse expectations and start again if fails. {image} (Trades don't show on my offline charts so have...
@BE with 61.8 fib of traded swing hit. It was a deep correction so I will start trail at the top of the swing.
As the lights go by so too do the shadows move
  • #43,122
  • Edited 8:01am Sep 18, 2018 7:45am | Edited 8:01am
Quoting majrou666
{quote} Thank you. I have a feeling I can pick tops and bottoms of the price but in wrong direction
I know that feeling
We cannot always know where the market is going.
Sometimes your analysis is spot on, you have an SOS3 signal and the market just goes the other way.
It is important to take all trades that fit your rules, and not wait until you 'feel' that 'this trade is the one'.
Good luck

EDIT:
If I may add, just trying to help you..

The first trade on your chart was a double entry, but seems not in line with the expecation.
An entry short in line with the expectation on the first or second rotation candle would have been a winning trade with great profit.

Your second trade was good, but you protected too soon. Would have been a massive winner if you trailed decision candles all the way down.
Last trade was a good entry but market went up and took you out.

Bottom line: If you followed your rules, you would have had a decent profit
  • #43,123
  • Sep 18, 2018 7:49am Sep 18, 2018 7:49am
Two trades on US30 so far.
Trade 1. Was trading the range there. Price came back too deep and took me out. BE+1
Trade 2. Re-entered on deep correction, at structure. To be the safest, put the SL where the red line is. Started trailing at AB=127CD and 1:1 harmonic completion+structure zone. +23 points

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  • #43,124
  • Sep 18, 2018 8:02am Sep 18, 2018 8:02am
GM Traders running a little late. Should be able to post that live stream link in 10 min
If you fail to plan, you plan to fail.
  • #43,125
  • Sep 18, 2018 8:10am Sep 18, 2018 8:10am
Morning all Trade I took this morning stopped out With +80
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Always Learning
  • #43,126
  • Sep 18, 2018 8:11am Sep 18, 2018 8:11am
Quoting Matts Micro
{quote} @BE with 61.8 fib of traded swing hit. It was a deep correction so I will start trail at the top of the swing.
I have 30 pips locked in with stop just under traded swing high, will prob be taken out with a near miss of 1 pip. Will look for re-entry if hit with a new HH.
As the lights go by so too do the shadows move
  • #43,127
  • Sep 18, 2018 8:17am Sep 18, 2018 8:17am
Here is the link to the live stream

https://www.youtube.com/channel/UCy5Zq25cFK3FZeF26wn4m0w/live
If you fail to plan, you plan to fail.
  • #43,128
  • Sep 18, 2018 8:22am Sep 18, 2018 8:22am
Quoting Matts Micro
{quote} I have 30 pips locked in with stop just under traded swing high, will prob be taken out with a near miss of 1 pip. Will look for re-entry if hit with a new HH.
I missed the trail at the very top (6 pips) but thought I would let it run otherwise look for a re-entry. Looking at the 50% for a rotation.

Edit: forgot to say the yellow line is my trade (my offline charts doesn't allow to see trades).
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As the lights go by so too do the shadows move
  • #43,129
  • Sep 18, 2018 8:57am Sep 18, 2018 8:57am
Quoting JayTrader
Morning all Trade I took this morning stopped out With +80 {image}
hey, at the last sell u traded the bigger orderflow ?
  • #43,130
  • Edited 9:28am Sep 18, 2018 9:02am | Edited 9:28am
Quoting vladutz112
{quote} hey, at the last sell u traded the bigger orderflow ?
Yes you can look at my retrace fibs, they map out the swing i was trading which was 26221 to 25991, Had a 36-40 point stop on that trade just above swing high
Always Learning
  • #43,131
  • Sep 18, 2018 9:54am Sep 18, 2018 9:54am
Quoting JayTrader
{quote} Yes you can look at my retrace fibs, they map out the swing i was trading which was 26221 to 25991, Had a 36-40 point stop on that trade just above swing high
thx, but what made u change orderflows the immediate was still for upside
  • #43,132
  • Sep 18, 2018 10:03am Sep 18, 2018 10:03am
This is my 2nd trade on the YM for the day. My first trade was +36

I think it will go up. Time will tell.
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Luck has no place in trading. Leave that for the poker table.
  • #43,133
  • Edited 10:27am Sep 18, 2018 10:11am | Edited 10:27am
Quoting vladutz112
{quote} thx, but what made u change orderflows the immediate was still for upside
It was a Counter trend trade based on the swing i was trading , the RR if wrong was good and very weak price action and momentum on the shorter term OF had basically stopped in place. My expectation is still for a NSH based on OF but it has struggled 3 times now and cant seem to break thru so I have just been trading the weakness.
Always Learning
  • #43,134
  • Sep 18, 2018 10:28am Sep 18, 2018 10:28am
After answering the last persons question that was posted it occurred to me that I need to apologize and will not post anything else that is not a straight forward trade with the trading rules of this thread, didn't mean to confuse anyone just wasn't thinking.
Always Learning
  • #43,135
  • Sep 18, 2018 10:31am Sep 18, 2018 10:31am
Quoting JayTrader
After answering the last persons question that was posted it occurred to me that I need to apologize and will not post anything else that is not a straight forward trade with the trading rules of this thread, didn't mean to confuse anyone just wasn't thinking.
no worry friend i like when others trade different orderflows at the same time it's what interests me
  • #43,136
  • Sep 18, 2018 10:32am Sep 18, 2018 10:32am
Update on my 2nd trade.
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Luck has no place in trading. Leave that for the poker table.
  • #43,137
  • Sep 18, 2018 10:37am Sep 18, 2018 10:37am
Quoting JayTrader
After answering the last persons question that was posted it occurred to me that I need to apologize and will not post anything else that is not a straight forward trade with the trading rules of this thread, didn't mean to confuse anyone just wasn't thinking.
As long as you point out what you were doing I don't see why you shouldn't post it.
It is not forbidden to take trades against expecation if I'm not mistaking.

In your trade I think you had a little help from bad China news
  • #43,138
  • Sep 18, 2018 10:52am Sep 18, 2018 10:52am
I didn't like the rotation.. cinched up on this.
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Luck has no place in trading. Leave that for the poker table.
  • #43,139
  • Sep 18, 2018 10:55am Sep 18, 2018 10:55am
Out for + 95
Luck has no place in trading. Leave that for the poker table.
  • #43,140
  • Sep 18, 2018 12:57pm Sep 18, 2018 12:57pm
Today was a bit frustrating to got stopped out a lot and then to see that target would be reached.

First trade was a AB=CD because the 61.8 was almost reached and therefore not an ABCD so I placed my stop behind the 61.8 of the larger swing and that zone was also a possible target for a three drives. My tradeplan says that I, for now, only trade ABCDs or AB+CDs which correct deeper then 61.8 so this trade was close to my tradeplan but I shouldn't have take it.
second trade was BE, then I had some losses but the two winners in the end made that I ended -2 points for the day. You can see how important risk/reward is
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