Luck has no place in trading. Leave that for the poker table.
Ratios & Harmonics: a Different Way to Trade
- #43,202
- Sep 20, 2018 7:29am Sep 20, 2018 7:29am
- Joined Nov 2009 | Status: Trader | 2,232 Posts
Luck has no place in trading. Leave that for the poker table.
- #43,203
- Sep 20, 2018 8:32am Sep 20, 2018 8:32am
- | Joined Nov 2016 | Status: Trader | 1,121 Posts
This is what I saw on the 30m orderflow as far as a harmonic termination zone. Again...hopefully I drew it correctly. {image}
Maybe I just don't understand what you mean
- #43,204
- Sep 20, 2018 8:38am Sep 20, 2018 8:38am
- Joined Nov 2009 | Status: Trader | 2,232 Posts
{quote} Your harmonics don't seem to be projected from the beginning of a swing but somewhere in the middle (blue lines)? Maybe I just don't understand what you mean
Luck has no place in trading. Leave that for the poker table.
- #43,206
- Sep 20, 2018 9:35am Sep 20, 2018 9:35am
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
If you fail to plan, you plan to fail.
- #43,207
- Sep 20, 2018 10:19am Sep 20, 2018 10:19am
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
If you fail to plan, you plan to fail.
- #43,208
- Sep 20, 2018 10:25am Sep 20, 2018 10:25am
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
If you fail to plan, you plan to fail.
- #43,209
- Sep 20, 2018 10:34am Sep 20, 2018 10:34am
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
If you fail to plan, you plan to fail.
- #43,210
- Sep 20, 2018 10:37am Sep 20, 2018 10:37am
- Joined Nov 2009 | Status: Trader | 2,232 Posts
Luck has no place in trading. Leave that for the poker table.
- #43,212
- Sep 20, 2018 10:45am Sep 20, 2018 10:45am
- | Membership Revoked | Joined Jul 2010 | 9,273 Posts
If you fail to plan, you plan to fail.
- #43,214
- Sep 20, 2018 1:06pm Sep 20, 2018 1:06pm
- | Joined Jan 2016 | Status: Trader | 1,719 Posts
after 3 trades I had to go away and I saw that the moment I left the ABCDs played out beautifullJust bad luck, it's confirmation that the system works{image}{image}
Please correct me if I am wrong:
a) After a small 1:1, you enter for the correction. Target the 61.8 of the whole previous 1:1 move
b) If the next candle goes against you, you close.
c) Would you do that with every 1:1 that you can figure out? (I am asking because I see a lot of 1:1 highlighted in the second chart)
Sorry to ask
- #43,215
- Sep 20, 2018 1:29pm Sep 20, 2018 1:29pm
- Joined Aug 2011 | Status: Trader | 4,956 Posts
As the lights go by so too do the shadows move
- #43,216
- Sep 20, 2018 1:35pm Sep 20, 2018 1:35pm
{quote} From your charts today, I do not understand your "system". Please correct me if I am wrong: a) After a small 1:1, you enter for the correction. Target the 61.8 of the whole previous 1:1 move b) If the next candle goes against you, you close. c) Would you do that with every 1:1 that you can figure out? (I am asking because I see a lot of 1:1 highlighted in the second chart) Sorry to ask
1)Draw a possible AB leg with the fibgrid
2) If price corrects to the 61.8 or more, condition 1 is met (firts yellow arrow)
3)now wait for the 1:1 completion and price should make it to at least the 127.2 of AB, if the 1:1 is under the 127.2 I will enter at the 127.2 (second yellow arrow)
4) stop goes slightly above 168.8 of AB (red arrow) and you draw a fibgrid from A-D
5) then if price reaches 38.2 of AD (blue arrow)stop goes to BE +2
6) the 61.8 of AD is profittarget (green arrow)
This week the days and hours I traded were not great since I got taken out at BE a lot or for a small loss and that can be because of the small swings I traded and then you don't have a lot of space for trade to breath.
- #43,217
- Sep 20, 2018 1:46pm Sep 20, 2018 1:46pm
- | Joined Jan 2016 | Status: Trader | 1,719 Posts
{quote} Hey Evoc, Here an example of how I play them: 1)Draw a possible AB leg with the fibgrid 2) If price corrects to the 61.8 or more, condition 1 is met (firts yellow arrow) 3)now wait for the 1:1 completion and price should make it to at least the 127.2 of AB, if the 1:1 is under the 127.2 I will enter at the 127.2 (second yellow arrow) 4) stop goes slightly above 168.8 of AB (red arrow) and you draw a fibgrid from A-D 5) then if price reaches 38.2 of AD (blue arrow)stop goes to BE +2 6) the 61.8 of AD is profittarget (green arrow) This week...
Thank you. Funny way of trading, but if it works for you why not. Please keep us updated about the results.Wish you many ticks, pips, $,....
- #43,218
- Sep 20, 2018 2:50pm Sep 20, 2018 2:50pm
- Joined Aug 2011 | Status: Trader | 4,956 Posts
This trade has been fun to watch, just need that last push to get over the finish line. {image}
This is the 5m but I traded the 144tick (as previous pic), I couldn't fit all tick candles in pic.
As the lights go by so too do the shadows move
- #43,219
- Sep 20, 2018 2:53pm Sep 20, 2018 2:53pm
- Joined Aug 2011 | Status: Trader | 4,956 Posts
{quote} Out with +36 risked 9. I TS'd the NSH. {image} This is the 5m but I traded the 144tick (as previous pic), I couldn't fit all tick candles in pic.
.
As the lights go by so too do the shadows move