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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

  • #43,421
  • Oct 3, 2018 9:55am Oct 3, 2018 9:55am
Quoting Mr. Pip
Short on the longer term {image}
Hi Mr.Pip , i cant see other confluence , just 1 to 1 completion , can you explain more what you see ?
  • #43,422
  • Oct 3, 2018 9:59am Oct 3, 2018 9:59am
I just got back from the movies with my awesome wife. We just saw that movie Venom. Now... time to trade. I took this trade just before we stepped out the door. So far it has reached my first expectation
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Luck has no place in trading. Leave that for the poker table.
  • #43,423
  • Oct 3, 2018 10:03am Oct 3, 2018 10:03am
Quoting Pair-me-up
I just got back from the movies with my awesome wife. We just saw that movie Venom. Now... time to trade. I took this trade just before we stepped out the door. So far it has reached my first expectation {image}
You watch a lot of movies with your wife (joking)
  • #43,424
  • Oct 3, 2018 10:07am Oct 3, 2018 10:07am
Quoting evocpr19
{quote} You watch a lot of movies with your wife (joking)

Ha ha ha.... your not joking. We have seen 3 in just over 2 weeks. Most of the time we can go several months without seeing any ones we like.

My favorite movies are my charts though.. Lots of action, suspense, and mystery... just kidding.
Luck has no place in trading. Leave that for the poker table.
  • #43,425
  • Oct 3, 2018 10:10am Oct 3, 2018 10:10am
Quoting 6288monkey
{quote} that was already a very good exit , about 70% of the swing.
Thank you, but this is the thing wich is hard for me to do. Either I let it go, then it is also to have entries which were initially +XX and ended BE+something or I am more aggressive and then I let money on the street. Anyway. try to find a compromise.
  • #43,426
  • Oct 3, 2018 10:15am Oct 3, 2018 10:15am
Quoting 6288monkey
{quote} Hi Mr.Pip , i cant see other confluence , just 1 to 1 completion , can you explain more what you see ?
Hi 6288monkey, There is confluence with 127% and 161% fib too (if it helps)
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  • #43,427
  • Oct 3, 2018 10:26am Oct 3, 2018 10:26am
Quoting gastonforex
{quote} Hi 6288monkey, There is confluence with 127% and 161% fib too (if it helps) {image}
the way you draw Fib extension was not the way Mr.Pip draw

and 1 of the point are not at exact swing low.

your point out was valid though.
  • #43,428
  • Oct 3, 2018 10:44am Oct 3, 2018 10:44am
Quoting 6288monkey
{quote} Hi Mr.Pip , i cant see other confluence , just 1 to 1 completion , can you explain more what you see ?
Just that my friend. We are in no mans land in a severe ratio exhaustion area with an ABCD
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If you fail to plan, you plan to fail.
  • #43,429
  • Oct 3, 2018 10:58am Oct 3, 2018 10:58am
Price came down to my area of interest and I added 2 more contracts. It is almost 12 am So will determine if I want to hold it for a swing trade or just take what I have. In my view the bulls have been strong the last couple of days.
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Luck has no place in trading. Leave that for the poker table.
  • #43,430
  • Edited 2:12pm Oct 3, 2018 11:01am | Edited 2:12pm
Hello, I have a question. I would like to know how you would have handled this type of candle in the yellow circle. The market has reached my goal with a long bear candle. so I put my stop lost over, where is the red line. The market was corrected and I was released with a lot of profit loss. What would you have done in my place? thanks for your help.
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Time is an illusion, timing is an art.
  • #43,431
  • Oct 3, 2018 11:50am Oct 3, 2018 11:50am
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  • #43,432
  • Oct 3, 2018 11:51am Oct 3, 2018 11:51am
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"Luck is when opportunity meets preparation"
  • #43,433
  • Oct 3, 2018 11:58am Oct 3, 2018 11:58am
Quoting JeanValJean.
Hello, I have a question. I would like to know how you would have handled this type of candle in the yellow circle. The market has reached my goal with a long bear candle. so I put my stop lost over, where is the red line. The market was corrected and I was released with a lot of profit loss. What would you have done in my place? thanks for your help. {image}
Sorry to ask, but I do not understand 100%. If I get you right, you wanted to go long after the 1:1? I do not like to see acceleration in my AOI area.

Is there any other reason to go long?
  • #43,434
  • Oct 3, 2018 12:01pm Oct 3, 2018 12:01pm
+20
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  • #43,435
  • Edited 1:16pm Oct 3, 2018 1:01pm | Edited 1:16pm
Quoting 6288monkey
{quote} the way you draw Fib extension was not the way Mr.Pip draw and 1 of the point are not at exact swing low. your point out was valid though.
Ouchhh, you are right.

Red, yellow and green swings are valid (green swing PB has not touch the 38% but is near to it).
You can draw the fibs for yellow and green swings and found a zone of confluence in concordance with MrPip 1:1

if I confused you then I apologize
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  • #43,436
  • Oct 3, 2018 2:04pm Oct 3, 2018 2:04pm
A few trades today.
Overall followed my rules so I'm happy. (except first trade where I entered but felt bad about it and exited)
The first few trades were on smaller timeframe.
BE, -18 (half position), -33, +36, +63

Fib indications on chart are the ones used for last trade (for determining where to start trailing)

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  • #43,437
  • Oct 3, 2018 2:47pm Oct 3, 2018 2:47pm
Quoting JeanValJean.
Hello, I have a question. I would like to know how you would have handled this type of candle in the yellow circle. The market has reached my goal with a long bear candle. so I put my stop lost over, where is the red line. The market was corrected and I was released with a lot of profit loss. What would you have done in my place? thanks for your help. {image} {image}
I think the answer to this question is: what do your rules say?
If your rules say to always trail behind decision candles, then that's what you have to do, and you made no mistake here.
In this case it didn't work out, but in other cases maybe you are giving enough room for a deeper push and you have larger profit.

If you don't like to give that much back, you could make it a rule to trail very large candles behind 50% of the candle for example.
The point is to follow the rule that you wrote down.
Good luck
  • #43,438
  • Oct 3, 2018 3:14pm Oct 3, 2018 3:14pm
Last 2 trades of the day
In both I protected too early.
First one (entry on golden zone of larger swing and 38.2% of even larger swing + structure to the left) I felt insecure.
Second one I felt pressure of the market about to close.
Better stop now, starting to lose discipline.

BE and +20

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  • #43,439
  • Oct 3, 2018 3:18pm Oct 3, 2018 3:18pm
Quoting PeterT
{quote} I think the answer to this question is: what do your rules say? If your rules say to always trail behind decision candles, then that's what you have to do, and you made no mistake here. In this case it didn't work out, but in other cases maybe you are giving enough room for a deeper push and you have larger profit. If you don't like to give that much back, you could make it a rule to trail very large candles behind 50% of the candle for example. The point is to follow the rule that you wrote down. Good luck
Thank You
Time is an illusion, timing is an art.
  • #43,440
  • Oct 3, 2018 5:18pm Oct 3, 2018 5:18pm
An update on my longer term short
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If you fail to plan, you plan to fail.
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