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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

  • #43,861
  • Nov 8, 2018 4:47am Nov 8, 2018 4:47am
Quoting Hansl
{quote} Yesterday I was expecting price to go to the 26000 level, but the bulls made a really nice move to even 26200. Lets see what happens today. I am looking forward to the livestream and Damians input.
Is his live stream 9:30 Eastern Time? I know that some states have day light savings time.
Luck has no place in trading. Leave that for the poker table.
  • #43,862
  • Nov 8, 2018 5:00am Nov 8, 2018 5:00am
Quoting Pair-me-up
{quote} Is his live stream 9:30 Eastern Time? I know that some states have day light savings time.
At 9:00AM EST, yes. At least my YouTube reminder tells me that.
  • #43,863
  • Nov 8, 2018 5:07am Nov 8, 2018 5:07am
Quoting Hansl
{quote} At 9:00AM EST, yes. At least my YouTube reminder tells me that.
Thanks... So that will be 10:00 p.m. my time.
Luck has no place in trading. Leave that for the poker table.
  • #43,864
  • Nov 8, 2018 5:49am Nov 8, 2018 5:49am
Quoting Pair-me-up
{quote} Thanks... So that will be 10:00 p.m. my time.
No problem, fellow trader!

Its at 3PM my time. I can imagine its hard sometimes in your timezone with the NY market times; Being up that long every day.
  • #43,865
  • Nov 8, 2018 6:44am Nov 8, 2018 6:44am
Quoting Hansl
{quote} No problem, fellow trader! Its at 3PM my time. I can imagine its hard sometimes in your timezone with the NY market times; Being up that long every day.
You're not wrong. It is very tiring sometimes.
Luck has no place in trading. Leave that for the poker table.
  • #43,866
  • Nov 8, 2018 7:54am Nov 8, 2018 7:54am
GM Traders,

Excited today to share my session with you. Here is the link. Come on in and participate ask questions and lets trade!

https://www.youtube.com/channel/UCy5Zq25cFK3FZeF26wn4m0w/live
If you fail to plan, you plan to fail.
  • #43,867
  • Nov 8, 2018 11:15am Nov 8, 2018 11:15am
Some poor decisions on my side despite Damian's very valuable live stream. Thank you very much as always for taking the time, Mr Pip! Looking forward to the next live stream.

+58P today.
Attached Image (click to enlarge)
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  • #43,868
  • Nov 8, 2018 11:35am Nov 8, 2018 11:35am
Quoting Hansl
Some poor decisions on my side despite Damian's very valuable live stream. Thank you very much as always for taking the time, Mr Pip! Looking forward to the next live stream. +58P today. {image}
+58 is awesome!! Do you ever look at the larger order flow to see the stronger power of the market?
Luck has no place in trading. Leave that for the poker table.
  • #43,869
  • Nov 8, 2018 2:41pm Nov 8, 2018 2:41pm
Hello Traders,

Below is the link to the live stream. I hope it has value and helps you all out. Looking forward to your comments and please like and share. Subscribe to the channel as it helps more people find us. Thank you all for the support!!!!


https://youtu.be/Iqs-JFw5QRM
If you fail to plan, you plan to fail.
  • #43,870
  • Nov 8, 2018 8:25pm Nov 8, 2018 8:25pm
Quoting Mr. Pip
Hello Traders, Below is the link to the live stream. I hope it has value and helps you all out. Looking forward to your comments and please like and share. Subscribe to the channel as it helps more people find us. Thank you all for the support!!!! https://youtu.be/Iqs-JFw5QRM

Great stuff today. Very helpful indeed!
Blessed is the one who takes refuge in Him.
  • #43,871
  • Nov 8, 2018 8:27pm Nov 8, 2018 8:27pm
I would greatly appreciate it if someone would critique my chart markup. It could be that I'm confused on all of it but my main hangup is determining what structure has to be broken to form a NSH or NSL (see images). Thanks!!!

Attached Image (click to enlarge)
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Blessed is the one who takes refuge in Him.
  • #43,872
  • Nov 9, 2018 12:59am Nov 9, 2018 12:59am
Quoting reo4ua
I would greatly appreciate it if someone would critique my chart markup. It could be that I'm confused on all of it but my main hangup is determining what structure has to be broken to form a NSH or NSL (see images). Thanks!!! {image} {image}
Hey Reo, I think you got confused with the orderflow and therefor some of your labeling is wrong. This is how I see it:
Attached Image (click to enlarge)
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As long as the blue line isn't broken we're in a complex correction
  • #43,873
  • Nov 9, 2018 1:39am Nov 9, 2018 1:39am
Today I reset my demo account. This time I decided to set it to $1,000 USD to give myself more pressure and more focus on the rules.

A 20 point lose on a $1,000 account is 10% of the account. I know that my entries are not that great. Hopefully this will make me observe the charts with more diligence in order to read the order flow with more accuracy.

This is my first trade on this account size.
Attached Image (click to enlarge)
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Luck has no place in trading. Leave that for the poker table.
  • #43,874
  • Nov 9, 2018 2:49am Nov 9, 2018 2:49am
Quoting Pair-me-up
{quote} +58 is awesome!! Do you ever look at the larger order flow to see the stronger power of the market?
Yes, I do. But mainly I try to stay consistent by trading only one orderflow without being "manipulated" by another orderflows. Thats my biggest problem it seems and it gives me losers at times that could have been avoided. Unfortunately I cannot take a few hundred points risk to trade higher time frames/bigger swings.
  • #43,875
  • Nov 9, 2018 2:50am Nov 9, 2018 2:50am
Quoting Pair-me-up
Today I reset my demo account. This time I decided to set it to $1,000 USD to give myself more pressure and more focus on the rules. A 20 point lose on a $1,000 account is 10% of the account. I know that my entries are not that great. Hopefully this will make me observe the charts with more diligence in order to read the order flow with more accuracy. This is my first trade on this account size. {image}
Looking forward to upcoming account stats! Shorting the same guy, you got a much better entry though.

I hope we break through the ~26075 levels. Already protected as well.
  • #43,876
  • Edited 6:29am Nov 9, 2018 4:52am | Edited 6:29am
Quoting Hansl
{quote} Yes, I do. But mainly I try to stay consistent by trading only one orderflow without being "manipulated" by another orderflows. Thats my biggest problem it seems and it gives me losers at times that could have been avoided. Unfortunately I cannot take a few hundred points risk to trade higher time frames/bigger swings.

In my view being aligned with the larger order flow can give a higher probability of success on the smaller order flow. What I mean, is that if you find an area of interest on a larger order flow, try to find an area that would be difficult to pass. Once a person sees the direction of the larger order flow, they can look at the charts that show smaller order flow with structure analyse, and supply / demand zones to decide if they want to be long or short.

The short trade that I took today was something that I first saw on the larger order flow. Price had a hard time going any higher and there was good structure to the left.
Then I looked at the lower time frame to find where and when I could try getting short. Most of the time the trade will be very good.

However everyone must use their own money management style.
Luck has no place in trading. Leave that for the poker table.
  • #43,877
  • Nov 9, 2018 4:55am Nov 9, 2018 4:55am
Quoting Hansl
{quote} Looking forward to upcoming account stats! Shorting the same guy, you got a much better entry though. I hope we break through the ~26075 levels. Already protected as well.

Here is an update on my short from a chart that shows more order flow.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-18 (1597 Tick).png Size: 39 KB
Luck has no place in trading. Leave that for the poker table.
  • #43,878
  • Nov 9, 2018 5:42am Nov 9, 2018 5:42am
Quoting Mr. Pip
Hello Traders, Below is the link to the live stream. I hope it has value and helps you all out. Looking forward to your comments and please like and share. Subscribe to the channel as it helps more people find us. Thank you all for the support!!!! https://youtu.be/Iqs-JFw5QRM
Mr. Pip I don't know how to thank you enough for such a valuable session. The way you read price action is outstanding.
I have learned a lot from you and I hope that these sessions will continue for a long time.
Thank you
  • #43,879
  • Nov 9, 2018 6:19am Nov 9, 2018 6:19am
Quoting Nikster
{quote} Hey Reo, I think you got confused with the orderflow and therefor some of your labeling is wrong. This is how I see it:{image} As long as the blue line isn't broken we're in a complex correction

Thank you for the reply. The structure high at the end of your blue line was broken just to the right. Does that make the HL below this new NSH the new low that must be broken to change the expectation to a NSL? Or does it remain the one just below the prior SH?
Blessed is the one who takes refuge in Him.
  • #43,880
  • Nov 9, 2018 6:30am Nov 9, 2018 6:30am
Quoting reo4ua
{quote} Thank you for the reply. The structure high at the end of your blue line was broken just to the right. Does that make the HL below this new NSH the new low that must be broken to change the expectation to a NSL? Or does it remain the one just below the prior SH?
there are 2 things here. 1)if you took a long after my last blue line and price tested the NSH then should in my rules go to breakeven and you probably get stopped out for BE. So you followed your rules and no loss and that's great

2) you can question if the (very) weak NSH is a retest or a NSH. If I am not sure, I will wait to see where price wanted to go. You must keep things easy for yourself and if it was a NSH and you missed that's ok. More then enough other chances will come up
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