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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

  • #43,181
  • Sep 19, 2018 10:31am Sep 19, 2018 10:31am
Just went short. Along with working on my fib extensions, I used some lines to try and pin point a termination point. I was hoping that price would get into my dashed box, but then it started crawling really slow. So, I went short.
Attached Image (click to enlarge)
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Luck has no place in trading. Leave that for the poker table.
  • #43,182
  • Sep 19, 2018 11:10am Sep 19, 2018 11:10am
Today has been good, I enjoy a liquid market. Not sure of pips yet but at least 100 -150, will do the math at end of day.

Currently in EU 144 Tick. Took it at the 38.2% rotation due the overpowered previous high, I have a steeper SL because of this however. Looking for BE at high with trail stop at 1:1 projection, will be at retest of previous longer term high and likely supply.
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As the lights go by so too do the shadows move
  • #43,183
  • Sep 19, 2018 1:54pm Sep 19, 2018 1:54pm
Long US30 on 1:1 completion to the downside into 78.6% correction, not much but some structure to the left.
Expectation still NSH.
SL below low of swing.
Rotation candle not extremely convincing but thought I might miss the move if I wait for that extra 2 points to complete the 1:1.
Not sure that it WILL move though
Hopefully I will be in positive territory by market close so I can get out if necessary..

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  • #43,184
  • Sep 19, 2018 2:06pm Sep 19, 2018 2:06pm
treat your trading like a business. No emotion here, just following the tradeplan, thats all. Loser or winner I only care about following my tradeplan and I know I will make money in the year to come, thats all. This is not a get rich quick scheme, this is a business that we are all building from the ground up. Good look in the markets this week fellow traders.

Quitters never win and winners never quit and last but not least, Dreams don't work unless you do! LETS GO.
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"Luck is when opportunity meets preparation"
  • #43,185
  • Sep 19, 2018 2:14pm Sep 19, 2018 2:14pm
Quoting PeterT
Long US30 on 1:1 completion to the downside into 78.6% correction, not much but some structure to the left. Expectation still NSH. SL below low of swing. Rotation candle not extremely convincing but thought I might miss the move if I wait for that extra 2 points to complete the 1:1. Not sure that it WILL move though Hopefully I will be in positive territory by market close so I can get out if necessary.. {image}
I need someone with a pile of cash to buy US30. Quickly thanks
  • #43,186
  • Sep 19, 2018 2:20pm Sep 19, 2018 2:20pm
Quoting PeterT
{quote} I need someone with a pile of cash to buy US30. Quickly thanks
Nevermind.
Out with -22 points.
Next.
  • #43,187
  • Sep 20, 2018 12:39am Sep 20, 2018 12:39am
In on AU 144 tick
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As the lights go by so too do the shadows move
  • #43,188
  • Sep 20, 2018 1:28am Sep 20, 2018 1:28am
Quoting Matts Micro
Today has been good, I enjoy a liquid market. Not sure of pips yet but at least 100 -150, will do the math at end of day. Currently in EU 144 Tick. Took it at the 38.2% rotation due the overpowered previous high, I have a steeper SL because of this however. Looking for BE at high with trail stop at 1:1 projection, will be at retest of previous longer term high and likely supply. {image}
I left this trade open. Now at BE.
As the lights go by so too do the shadows move
  • #43,189
  • Sep 20, 2018 2:26am Sep 20, 2018 2:26am
Quoting Matts Micro
In on AU 144 tick {image}
Out with TS +6.5 (risk was 4.3). Will look for re-entry in line with further topside expectations.
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As the lights go by so too do the shadows move
  • #43,190
  • Sep 20, 2018 2:48am Sep 20, 2018 2:48am
Quoting Matts Micro
{quote} I left this trade open. Now at BE.
Out with TS +21 @ 123.2 ext. R:R wasn't great with 27 risk, perhaps should have waited for 1:1 extension as planned but will look for re-entry.
As the lights go by so too do the shadows move
  • #43,191
  • Sep 20, 2018 3:00am Sep 20, 2018 3:00am
Long EA.
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As the lights go by so too do the shadows move
  • #43,192
  • Sep 20, 2018 3:45am Sep 20, 2018 3:45am
Quoting Matts Micro
Long EA. {image}
Out TS previous HH +16, Risked 8.
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As the lights go by so too do the shadows move
  • #43,193
  • Sep 20, 2018 4:00am Sep 20, 2018 4:00am
Traded EU correction as previously mentioned. Market moving fast, too fast to post. Opened second trade further on the pullback.

Will be last trade I post, don't want to spam thread
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As the lights go by so too do the shadows move
  • #43,194
  • Sep 20, 2018 4:09am Sep 20, 2018 4:09am
Quoting Matts Micro
Traded EU correction as previously mentioned. Market moving fast, too fast to post. Opened second trade further on the pullback. Will be last trade I post, don't want to spam thread {image}
I know I post offline pics cos that's what I work from so just thought I'd post a 1 min chart to show I'm not making it up
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As the lights go by so too do the shadows move
  • #43,195
  • Sep 20, 2018 4:42am Sep 20, 2018 4:42am
Quoting Matts Micro
{quote} I know I post offline pics cos that's what I work from so just thought I'd post a 1 min chart to show I'm not making it up {image}
I would not worry. You are trading for yourself in the first place. I enjoy to see others trades (do not matter if live or afterwards), since it always shows your analysis at a given point. I personnally do not trade forex, but there are at least some/many? here who do it.
Nethertheless, it is more fun to see active participants in the forum.
Maybe you could draw a small line on your entry candle.

Thank you for sharing your trades.
  • #43,196
  • Sep 20, 2018 4:53am Sep 20, 2018 4:53am
Quoting evocpr19
{quote} I would not worry. You are trading for yourself in the first place. I enjoy to see others trades (do not matter if live or afterwards), since it always shows your analysis at a given point. I personnally do not trade forex, but there are at least some/many? here who do it. Nethertheless, it is more fun to see active participants in the forum. Maybe you could draw a small line on your entry candle. Thank you for sharing your trades.
Cheers evocpr19. I haven't drawn the trade on the 1 min but I have shown a vertical line on the offline chart. When trade closes I will put the trade on the 1 min chart.

Currently at BE plus a few and looking like making a 1:1.
As the lights go by so too do the shadows move
  • #43,197
  • Sep 20, 2018 5:08am Sep 20, 2018 5:08am
Quoting Matts Micro
Traded EU correction as previously mentioned. Market moving fast, too fast to post. Opened second trade further on the pullback. Will be last trade I post, don't want to spam thread {image}
Out on TS of swing high (1:1 was just a little above that). +31 all up (2 trades) with total 16 risk.
74 pips total for this session so far. All thanks go to Mr Pip.
Attached Image (click to enlarge)
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As the lights go by so too do the shadows move
  • #43,198
  • Sep 20, 2018 6:26am Sep 20, 2018 6:26am
Hello traders,
here are my two trades. I expected NSH so looking for longs. I secured first trade when price hit the structure and got stopped out. The second one was basically the same entry and this time it played out. Now, some time after I closed it at 1:1 completion I can see I should have trailed decision candle. But the price stopped a bit at 1:1 and 127,2 fibo so I closed it.
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  • #43,199
  • Sep 20, 2018 6:40am Sep 20, 2018 6:40am
My first trade for today on the YM was +4 short. Then +60 long. Price got into my Harmonic termination zone. Hopefully I drew it correctly. I saw a good rotation to short it. Let's see how it plays out.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-18 (233 Tick).png Size: 56 KB
Luck has no place in trading. Leave that for the poker table.
  • #43,200
  • Sep 20, 2018 6:46am Sep 20, 2018 6:46am
This is what I saw on the 30m orderflow as far as a harmonic termination zone. Again...hopefully I drew it correctly.
Attached Image (click to enlarge)
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Luck has no place in trading. Leave that for the poker table.
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