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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

  • #43,801
  • Oct 30, 2018 12:59pm Oct 30, 2018 12:59pm
Quoting bmdenton23
YM - 5 trades today -30 +41, +45, +11, +9 ------------------------ Total +76 {image} {image} {image} {image}
Hi bmdenton23,

Why did you exit your first trade before the break of structure?

Thank you.
  • #43,802
  • Oct 30, 2018 1:59pm Oct 30, 2018 1:59pm
Quoting fxboss69
{quote} Hi bmdenton23, Why did you exit your first trade before the break of structure? Thank you.
We were within 9 points of the structure failing, within 12 points of my SL, the little bearish rotation that I exited on saved me 25 points.
I've been using the Gann Fan lately to help me visualize angles / changing of angles. In this case the bullish momentum just kept getting worse.

This is the same area that I would consider initiating a rescue trade on a really good rotation, but the bullish momentum told me that was unlikely to happen and then the rotation itself wasn't convincing.

Don't ask me about Gann Fan, I have no idea how to use it or how Gann used it, but it's nice for visualizing angles. Copying simple swing points forward accomplishes the same task though.
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  • #43,803
  • Oct 30, 2018 7:45pm Oct 30, 2018 7:45pm
I just woke up a bit ago and wanted to check my charts. And sure enough the market entered the PRZ zone of the bat pattern I had drawn. I was happy about it, because I don't think I am all that good at the harmonics, which is a different way to trade. ha ha ha Anyways... This could be a good opportunity to short the market.
Attached Image (click to enlarge)
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Luck has no place in trading. Leave that for the poker table.
  • #43,804
  • Oct 31, 2018 3:46am Oct 31, 2018 3:46am
Quoting Pair-me-up
I just woke up a bit ago and wanted to check my charts. And sure enough the market entered the PRZ zone of the bat pattern I had drawn. I was happy about it, because I don't think I am all that good at the harmonics, which is a different way to trade. ha ha ha Anyways... This could be a good opportunity to short the market. {image}
It looks like the buyers are coming in. Price hit good support levels at around 24100. Lets see if 25000 gets taken out.
  • #43,805
  • Edited 7:20am Oct 31, 2018 3:53am | Edited 7:20am
Quoting Hansl
{quote} It looks like the buyers are coming in. Price hit good support levels at around 24100. Lets see if 25000 gets taken out.
Before that drop last night, my initial bias was bullish. Had I not closed my trade or tightened my stop, then I would have captured a few hundred points. I am trying to improve my ability to draw harmonics. The pattern that I drew were the exact numbers and projection from Scott M Carney's book. I think after the mid terms, things will start to settle down a bit. Well... time will tell.

Also, it looks like this pattern might fail. I don't know all the patterns yet. However, I will try hard to learn them.
Luck has no place in trading. Leave that for the poker table.
  • #43,806
  • Oct 31, 2018 6:27am Oct 31, 2018 6:27am
Quoting Pair-me-up
{quote} Before that drop last night, my initial bias was bullish. Had I closed my trade or tightened my stop, then I would have captured a few hundred points. I am trying to improve my ability to draw harmonics. The pattern that I drew were the exact numbers and projection from Scott M Carney's book. I think after the mid terms, things will start to settle down a bit. Well... time will tell. Also, it looks like this pattern might fail. I don't know all the patterns yet. However, I will try hard to learn them.
All good with your pattern, just my comment on price
  • #43,807
  • Oct 31, 2018 11:11am Oct 31, 2018 11:11am
6 trades today
-24, -58, -32
+0, +40, +1
----------------
Total -73

Held on to a long bias and really only traded 1 swing that failed by a couple of points (retest), and then eventually completely failed.
Was aggressive today with re-entry after early BE moves.

1st screenshot is for context
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  • #43,808
  • Nov 1, 2018 5:51am Nov 1, 2018 5:51am
Price is setting up for potentially a nice shorting opportunity on the 1597 tick chart. Recently making a NSL and then corrected to the 61.8. Something to keep an eye on. However, longterm orderflow is to the upside.
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Damn The Torpedoes, Full Speed Ahead!
  • #43,809
  • Nov 1, 2018 11:17am Nov 1, 2018 11:17am
Well I get an E for effort for both yesterday and today but price just wouldn't coorporate. At least I fnished on the plus side today.

6 trades
-13, -6
+65, +1, +10, +1
------------------------
Total +58
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  • #43,810
  • Nov 1, 2018 11:29am Nov 1, 2018 11:29am
Quoting bmdenton23
Well I get an E for effort for both yesterday and today but price just wouldn't coorporate. At least I fnished on the plus side today. 6 trades -13, -6 +65, +1, +10, +1 ------------------------ Total +58 {image} {image} {image}
Glad you finished in green numbers. Traded similar as you did. Unfortunately I did not get a rotation for the second short on your first image and had to watch it going down. As you said, price just would not cooperate today.
  • #43,811
  • Nov 1, 2018 1:23pm Nov 1, 2018 1:23pm
Quoting Hansl
{quote} Glad you finished in green numbers. Traded similar as you did. Unfortunately I did not get a rotation for the second short on your first image and had to watch it going down. As you said, price just would not cooperate today.
I join the club: -40; -53; +51; +69 (net +27)
  • #43,812
  • Nov 2, 2018 9:10am Nov 2, 2018 9:10am
O.k. here is an aggressive short. I drew my AB=CD. I even drew my reciprocal ratios. Let's see how it plays out.
Attached Image (click to enlarge)
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Luck has no place in trading. Leave that for the poker table.
  • #43,813
  • Nov 2, 2018 9:26am Nov 2, 2018 9:26am
A view from the 89 tick chart
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Luck has no place in trading. Leave that for the poker table.
  • #43,814
  • Nov 2, 2018 9:30am Nov 2, 2018 9:30am
Target achieved.. + 170 points.
Luck has no place in trading. Leave that for the poker table.
  • #43,815
  • Nov 2, 2018 10:57am Nov 2, 2018 10:57am
EURUSD Short +49
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Chance favors the prepared mind.
  • #43,816
  • Nov 2, 2018 11:01am Nov 2, 2018 11:01am
1 trade for me today +40.

I traded the 89T / 144T primarily this week. I think I posted every trade here, I need to try and get back in that habit, I think I trade better when I know I'm going to post everything.

Week
24 trades, 16 winners (4 BE), 8 Losers - 67%
Avg Winner 46.6 pts
Avg Loser 27.13 pts
W/L Ratio 1.72 : 1
--------------------------
Total Points: 271
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  • #43,817
  • Nov 2, 2018 12:10pm Nov 2, 2018 12:10pm
Quoting Pair-me-up
Target achieved.. + 170 points.
Congrats.

The area where I entered, price moved a bit bumpy, so got taken out before completion. Then I saw weakness in bears and took long. However, I told myself "Are you nuts", since I was trading against my expectation. So trailed aggressively and got taken out. I would say that I was lucky on the last one.
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  • #43,818
  • Nov 2, 2018 1:10pm Nov 2, 2018 1:10pm
+53 +76 -47 -24 and 2 BE.

These are my trades today. I am not sure if my last trade was correct. I didn't have a proper 382 correction to expect a change of expectations and so to start looking for longs. This is something that still confuses me. If I look just at "proper" corrections sometimes I spend days without a single trade..

Every comment is welcome as always..
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  • #43,819
  • Nov 2, 2018 4:28pm Nov 2, 2018 4:28pm
Quoting bmdenton23
1 trade for me today +40. I traded the 89T / 144T primarily this week. I think I posted every trade here, I need to try and get back in that habit, I think I trade better when I know I'm going to post everything. Week 24 trades, 16 winners (4 BE), 8 Losers - 67% Avg Winner 46.6 pts Avg Loser 27.13 pts W/L Ratio 1.72 : 1 -------------------------- Total Points: 271 {image}
I like your consistantcy with trading and getting resultz. If I may ask are you trading live or demo, because live trading is a whole different ball-game.

Keep up the good work my man, proud of you!
"Luck is when opportunity meets preparation"
  • #43,820
  • Nov 3, 2018 12:29pm Nov 3, 2018 12:29pm
Quoting Sheeep44
{quote} I like your consistantcy with trading and getting resultz. If I may ask are you trading live or demo, because live trading is a whole different ball-game. Keep up the good work my man, proud of you!
Thanks Sheeep, yes live, there’s been times this past summer that I wished otherwise.
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