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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

  • #43,681
  • Oct 22, 2018 3:32pm Oct 22, 2018 3:32pm
Quoting JayTrader
Hope everyone had a good weekend, Got a late start today, at +237 so far and rest at BE Edit + 321 total {image}
Hi Jay
I see most of your trades were big winners.How did you manage those trade.are u looking at higher timeframe.
  • #43,682
  • Oct 22, 2018 8:05pm Oct 22, 2018 8:05pm
I am still short. I took my first NQ trade.
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Luck has no place in trading. Leave that for the poker table.
  • #43,683
  • Oct 23, 2018 2:15am Oct 23, 2018 2:15am
Quoting Pair-me-up
I am still short. I took my first NQ trade. {image} {image} {image}

Hey Pair-me-up,

would you mind including your entry or reasoning behind it in one of your next posts? Can't really take away anything from your posts if it's just a clean chart without anything else on it.
  • #43,684
  • Oct 23, 2018 2:26am Oct 23, 2018 2:26am
Quoting Bogdanlinee
Hi all, Total: -157p Your comments Mr.Pip and guys. {image}
Just an opinion
Happy Pips Pho :-)
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  • #43,685
  • Oct 23, 2018 2:57am Oct 23, 2018 2:57am
Quoting Kayjay2011
{quote} Hey Pair-me-up, would you mind including your entry or reasoning behind it in one of your next posts? Can't really take away anything from your posts if it's just a clean chart without anything else on it.

1. My charts show the exact number that I entered my trade.
2. The reason I am short is because this is a bear market in my view. A lot of the recent market action is fundamentals. Fundamentals move the market with very strong moves. When there are not FA then the TA is stronger. If you can see how to use them together at sometimes then that is good.
3. Mr. Pip teaches the TA much better than me. Just look at all the golden nuggets of info that he has used as answers to help me learn every time I had a question for him. He is a very knowledgeable person.

4. Books that I have read that might be helpful. YTC (Your Trading Coach) Harmonic Trading by Scott Carney

5. Also, supply and demand zones are very important areas for matching up harmonic PRZ (Potential Reversal Zones.)

I hope this helps. Also if you go to my user profile you can see some documents that I have uploaded that you might enjoy reading as well.

You can do it, my trading brother!
Luck has no place in trading. Leave that for the poker table.
  • #43,686
  • Oct 23, 2018 3:26am Oct 23, 2018 3:26am
Quoting Pair-me-up
{quote} 1. My charts show the exact number that I entered my trade. 2. The reason I am short is because this is a bear market in my view. A lot of the recent market action is fundamentals. Fundamentals move the market with very strong moves. When there are not FA then the TA is stronger. If you can see how to use them together at sometimes then that is good. 3. Mr. Pip teaches the TA much better than me. Just look at all the golden nuggets of info that he has used as answers to help me learn every time I had a question for him. He is a very knowledgeable...
Hi Pair!

I think it is not about missing knowledge. I remember you were answering me with about the same text; Where I can find that and that and what books to read.

You are just posting a clean chart with no information of what you are targeting/trading. Except of one to ones and some "mathematical formula" you mentioned. You must have 100% Win ratio, since I cannot remember seeing a loser on your posts. No offense ment, Pair. If it works out for you, great! It is just a bit different to what most people trade here, I guess. And it is hard to understand what you are doing if there is only a crunched chart with an entry of 100 contracts to see.

Have a great trading day!
  • #43,687
  • Oct 23, 2018 3:49am Oct 23, 2018 3:49am
Quoting RussellShaw
That's why i don't like Mondays. If someone sees what I did wrong, please tell me {image}
Hi RusselShaw and Bogdanlinee,

I could simply say that we broke structure at 1 (new NSL) and since the NSL was shallow compared to the previous one, we expect a deep correction and then a new NSL.
This might be correct, but honestly when I watched the PA in live, I also intended to go long for trading the ref. swing "2". The only thing that prevented me of doing that is that I had to go.
At that time, I saw a strong up move (line 2) with nearly no bears action and a break of immediate structure. So it would make sense for me to take the long. I did not pay attention at that time to the break of structure mentioned above.

With respect to your first trade, I would not take such a trade, since the entry was after 3 waves down and in an area of strong structure.

Hope this helps.
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  • #43,688
  • Oct 23, 2018 4:54am Oct 23, 2018 4:54am
Quoting evocpr19
{quote} Hi RusselShaw and Bogdanlinee, I could simply say that we broke structure at 1 (new NSL) and since the NSL was shallow compared to the previous one, we expect a deep correction and then a new NSL. This might be correct, but honestly when I watched the PA in live, I also intended to go long for trading the ref. swing "2". The only thing that prevented me of doing that is that I had to go. At that time, I saw a strong up move (line 2) with nearly no bears action and a break of immediate structure. So it would make sense for me to take the...
Thank you, evocpr19 (https://www.forexfactory.com/evocpr19), first really useful answer. Apparently I have a problem with identification the main swing. I will bring a screen shot to show, what swing i used as mainly. (I used 377t only for screen shot, so that you can see the main swing). My main swing is a yellow line(1). And then i started to trade intraday or short term order flow. I think, learn how to see main swings correctly is quite problematic and subjectively, because we can always retreat a little to the left and see the picture in a different way. Have a problem with that. Mr. Pip, i hope you will see it.
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  • #43,689
  • Oct 23, 2018 5:26am Oct 23, 2018 5:26am
Quoting RussellShaw
{quote} Thank you, evocpr19 (https://www.forexfactory.com/evocpr19), first really useful answer. Apparently I have a problem with identification the main swing. I will bring a screen shot to show, what swing i used as mainly. (I used 377t only for screen shot, so that you can see the main swing). My main swing is a yellow line(1). And then i started to trade intraday or short term order flow. I think, learn how to see main swings correctly is quite problematic and subjectively, because we can always retreat a little to the left and see...
I do not think that you have a particular problem with identifying the "right main" swing. On your 377t (tick number that I never use), I see it better why this long trade was not the best option.

If we consider the long term expectation of a NSH, we see that price corrected very deep with forming several immediate NSL. Then price took all efforts to fullfil the expectation and achieved an immediate NSH but not even a re-test of the previous high (point 1). Then price shooted down even lower than previous up move. This happened also with nearly equal strength with respect to time. So at that point, I would classify it as unlikely that price will again push up to form an immediate NSH or even a long term NSH.

Anyway, it is what it is. Taking decision in realtime is much more difficult than on a finished chart. Moreover, there is also the danger of hindsight.
I would classify it that you traded the immediate orderflow and it simply failed.

I wish all many pips, ticks, $,...
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  • #43,690
  • Oct 23, 2018 5:44am Oct 23, 2018 5:44am
Quoting Unichamp
{quote} Hi Jay I see most of your trades were big winners.How did you manage those trade.are u looking at higher timeframe.
Yes, Pair me up talks about it in some of his posts and I think he has mentioned that Mr. pip has talked about it in his videos ,about aligning yourself and trading with the higher TF's, I look at the 610 and 1597 for direction and execute trades on 233 down to the 89 dependent on the pace of the market. And another important thing that can not be rushed is just screen time, daily staring at price, and i also review the week of trading on the weekend by going back and visually looking at how i can refine and improve on myself and my interpretation of price. Hope this helped
Always Learning
  • #43,691
  • Oct 23, 2018 5:56am Oct 23, 2018 5:56am
Quoting Hansl
{quote} Hi Pair! I think it is not about missing knowledge. I remember you were answering me with about the same text; Where I can find that and that and what books to read. You are just posting a clean chart with no information of what you are targeting/trading. Except of one to ones and some "mathematical formula" you mentioned. You must have 100% Win ratio, since I cannot remember seeing a loser on your posts. No offense ment, Pair. If it works out for you, great! It is just a bit different to what most people trade here, I guess. And it is hard...
Hansl, my brother. I am still learning how to trade myself. I don't want to misteach anyone. After all this is Mr. Pip's thread. The books that I have read are the same books that Mr.Pip has mentioned as the ones that he learned to trade from and to use that info to make his own style. Yes, I do use some math. I have talked to Mr.Pip about it and a couple of others on this thread. Mr. Pip said he would take a look at it. As far as a clean chart... you are correct. I don't use lagging indicators and I try to keep my chart as clean as possible. I have many charts that a person can see with my drawings on them. If a person has access to the futures market, then they too can see the same charts that I am looking at. Yes, I have had some weeks in a row with 100% wins. And I posted my losing trades as well. Actually the more you learn from Mr. Pip's videos, you will see that I trade pretty much the same way he does.

Also, I have looked at the charts of many full time traders like Evocpr who are the confluence masters.
Also, when I have asked Mr. Pip questions for help as you as asking me. You can read his answers. He can put it into the correct words better than me.

At the beginning of the week, which was Sunday night my time, I forecasted that the bears would be very dominate this week. Most of the time no one asks me about me charts, or pays attention to my forecasts. Which is good I could be wrong and often times it is.

If you want me to give my opinion about your chart and how I may have traded it the same or differently, then post it with your live entry like me and I will tell you if I would have done the same thing or different.

I understand that we are here to learn. However, the main teacher of the thread, Mr. Pip will give you answers much better than me. I can only do my best.
Take care and I look forward to your chart(s).
Luck has no place in trading. Leave that for the poker table.
  • #43,692
  • Oct 23, 2018 5:58am Oct 23, 2018 5:58am
Quoting JayTrader
{quote} Yes, Pair me up talks about it in some of his posts and I think he has mentioned that Mr. pip has talked about it in his videos ,about aligning yourself and trading with the higher TF's, I look at the 610 and 1597 for direction and execute trades on 233 down to the 89 dependent on the pace of the market. And another important thing that can not be rushed is just screen time, daily staring at price, and i also review the week of trading on the weekend by going back and visually looking at how i can refine and improve on myself and my interpretation...

Hey now... you just let the cat out of the bag!
Luck has no place in trading. Leave that for the poker table.
  • #43,693
  • Oct 23, 2018 6:02am Oct 23, 2018 6:02am
Quoting evocpr19
{quote} I do not think that you have a particular problem with identifying the "right main" swing. On your 377t (tick number that I never use), I see it better why this long trade was not the best option. If we consider the long term expectation of a NSH, we see that price corrected very deep with forming several immediate NSL. Then price took all efforts to fullfil the expectation and achieved an immediate NSH but not even a re-test of the previous high (point 1). Then price shooted down even lower than previous up move. This happened also with...
Thanks, you have a great vision
  • #43,694
  • Oct 23, 2018 7:08am Oct 23, 2018 7:08am
Quoting Pair-me-up
{quote} Hansl, my brother. I am still learning how to trade myself. I don't want to misteach anyone. After all this is Mr. Pip's thread. The books that I have read are the same books that Mr.Pip has mentioned as the ones that he learned to trade from and to use that info to make his own style. Yes, I do use some math. I have talked to Mr.Pip about it and a couple of others on this thread. Mr. Pip said he would take a look at it. As far as a clean chart... you are correct. I don't use lagging indicators and I try to keep my chart as clean as possible....

Thanks for answering, Pair!

For the past half year I am very satisfied with my results and my consistency of being profitable in the end of the month. As well as keeping my emotions and my rules in check. I just trade differently than you and thats why I asked about it, since I could not see much on your charts most of the times. I am not talking about fancy indicator BS. We are using the same basis, but trading another orderflow/structure with different rules it seems. I dont want to change my trading style according to yours. Of course, as you said, we are still learning and theres a lot to come and we can both agree that Mr. Pip is the master of this strategy.

Since you asked for it, here is my chart. What do you think of my short?
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  • #43,695
  • Oct 23, 2018 7:21am Oct 23, 2018 7:21am
Quoting Hansl
{quote} Thanks for answering, Pair! For the past half year I am very satisfied with my results and my consistency of being profitable in the end of the month. As well as keeping my emotions and my rules in check. I just trade differently than you and thats why I asked about it, since I could not see much on your charts most of the times. I am not talking about fancy indicator BS. We are using the same basis, but trading another orderflow/structure with different rules it seems. I dont want to change my trading style according to yours. Of course,...

In my view... your chart shows that the bears made a strong move down and then the bulls made a less than stellar attempt back up, but then flat. And the bears on your chart look like they will test the lows. If they approach with more power they will probably keep on trucking. And you are up +342 points. That is really awesome!!

I will see what I can learn from your charts.
Luck has no place in trading. Leave that for the poker table.
  • #43,696
  • Oct 23, 2018 7:40am Oct 23, 2018 7:40am
If the market keeps going as it is thus far, then I will target my first road block as 24626 on its way to 24438. If it hits 24438 with power, then I will target 24062 as my first road block on its way to 23794. If it starts to slow down around 23794, then I will cautiously start looking for longs.

All of this is based on an if/when scenario. The New York open is still about 51 minutes away and a lot can happen between now and then.
Luck has no place in trading. Leave that for the poker table.
  • #43,697
  • Oct 23, 2018 7:42am Oct 23, 2018 7:42am
Quoting Hansl
{quote} Thanks for answering, Pair! For the past half year I am very satisfied with my results and my consistency of being profitable in the end of the month. As well as keeping my emotions and my rules in check. I just trade differently than you and thats why I asked about it, since I could not see much on your charts most of the times. I am not talking about fancy indicator BS. We are using the same basis, but trading another orderflow/structure with different rules it seems. I dont want to change my trading style according to yours. Of course,...
Please allow me one observation.
You complained on Pair me upīs charts that: "...You are just posting a clean chart with no information of what you are targeting/trading..."

Does your chart contain any of that?

From both naked charts, the strategies appear to be very similar or the same.
  • #43,698
  • Oct 23, 2018 7:48am Oct 23, 2018 7:48am
Quoting evocpr19
{quote} Please allow me one observation. You complained on Pair me upīs charts that: "...You are just posting a clean chart with no information of what you are targeting/trading..." Does your chart contain any of that? From both naked charts, the strategies appear to be very similar or the same.
You did not get the irony? It is obvious that this was just a joke with no real short.
  • #43,699
  • Oct 23, 2018 8:01am Oct 23, 2018 8:01am
Quoting Hansl
{quote} You did not get the irony? It is obvious that this was just a joke with no real short.
LOL
  • #43,700
  • Oct 23, 2018 8:16am Oct 23, 2018 8:16am
Quoting evocpr19
{quote} Please allow me one observation. You complained on Pair me upīs charts that: "...You are just posting a clean chart with no information of what you are targeting/trading..." Does your chart contain any of that? From both naked charts, the strategies appear to be very similar or the same.
And, by the way, I certainly did not "complain" in any way. I would not do that. I was asking about his reasons and stated what I saw on his charts.
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