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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

  • #43,981
  • Nov 16, 2018 12:38pm Nov 16, 2018 12:38pm
Quoting WestVillage
{quote} Hey Gaston, where you trading the 233 chart? it is hard to understand the trades. Could you explain the reasons of your trades? Thanks
I'd say a 3 drive pattern and an ABCD pattern ...lets see if I'm right tough..

Quoting gastonforex
I came late to the chart today and I did not think the last upper leg was highly probable... Oucch, I was wrong..... I could found 2 trades with tiny SL. Nice weekend!!! {image}
If you're looking for trades with smaller stops why not try an 89 or 144 tick chart ?

PS I like your structure at around 250 ..very precise
  • #43,982
  • Edited 7:52pm Nov 16, 2018 3:18pm | Edited 7:52pm
Quoting WestVillage
{quote} Hey Gaston, where you trading the 233 chart? it is hard to understand the trades. Could you explain the reasons of your trades? Thanks
Hey WestVillage,

First Trade:

Expectation was NSH. I saw 50% fib, structure (orange box), 3 yellow lines, 1:1 green lines and 1:1 brown lines.

Yellow lines decreased momentum altough projetion and depth are similar but bears does not look stronger than bulls.

I was not sure if the expectation will play out at this point because of the 3 up waves on 233 and 1597 tick chart therefore I was looking for an up leg with similar size than the last small up leg (red lines).

SL = 20, TP = 60, R/R = 1:3. I was up 52 points and I was taken out at 30 points.

Second trade:

Similar to the first but this time I saw 61% fib, PB same size (Brown lines) , Open level - I think from yesterday (blue horizontal lines), 1:1 (yellow lines).
I closed the trade before the TP was reached because of momentum (brown/yellow line) and the 2 rotation bars to the downside.

SL = 15, TP = 50, R/R = 1/3.33

I hope it helps, they were not the best trades but they worked for luck.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: YM 12-18 (233 Tick) 2018_11_16 (17_57_57).png Size: 66 KB
Click to Enlarge Name: YM 12-18 (233 Tick) 2018_11_16 (18_02_29).png Size: 71 KB
Click to Enlarge Name: YM 12-18 (1597 Tick) 2018_11_16 (17_21_52).png Size: 41 KB
  • #43,983
  • Nov 16, 2018 3:48pm Nov 16, 2018 3:48pm
Quoting x3m-PippiN
{quote} I'd say a 3 drive pattern and an ABCD pattern ...lets see if I'm right tough.. {quote} If you're looking for trades with smaller stops why not try an 89 or 144 tick chart ? PS I like your structure at around 250 ..very precise
Yes, you are right. I try to find a lot of confluence on these type of trades (structure, fibs, 1:1).

Thanks for the advice, I will try 89 tick chart on December but I will search for the 1:1.
I was really bad with 1:1 but I improved alots with Evo's posts last month.

PS: The structure at around 250 was an opened price (I think from yesterday)

Nice weekend!
  • #43,984
  • Nov 17, 2018 5:04am Nov 17, 2018 5:04am
Quoting WestVillage
Just to trades for me today. +31 and BE The first one is an expectation failure that eventually I closed because of 1:1 completion and resistance. The second one is another expectation failure on the bigger OF with a rescue mission that eventually made me bail out on the trade since it was almost a 100%...eventually it would have worked out if I was more patient. Have a great weekend! {image}
Profit is profit. Congrats
  • #43,985
  • Nov 19, 2018 9:01am Nov 19, 2018 9:01am
Good evening fellas. This is the week of Thanksgiving. Let's see how many players are in the market this week.

Anyways.. Short for now.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: YM 12-18 (233 Tick).png Size: 42 KB
Click to Enlarge Name: NQ 12-18 (233 Tick).png Size: 41 KB
Luck has no place in trading. Leave that for the poker table.
  • #43,986
  • Nov 19, 2018 9:24am Nov 19, 2018 9:24am
I entered short but didn't put my stop in the right place on purpose .. I was relying on structure to hold with the idea that if I get stopped out I would re enter... sad part is I didn't get a rotation.

If I had followed my plan I wouldn't have entered and I would still be sitting on my hands.. aaahhh tuition fees, tuition fees

-43 points so far..
Attached Image (click to enlarge)
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  • #43,987
  • Nov 19, 2018 9:26am Nov 19, 2018 9:26am
Quoting Pair-me-up
Good evening fellas. This is the week of Thanksgiving. Let's see how many players are in the market this week. Anyways.. Short for now. {image} {image}
Update on my short:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: YM 12-18 (233 Tick).png Size: 43 KB
Click to Enlarge Name: NQ 12-18 (233 Tick).png Size: 42 KB
Luck has no place in trading. Leave that for the poker table.
  • #43,988
  • Edited 10:38am Nov 19, 2018 9:27am | Edited 10:38am
2-2 for 102 pips

"v" got me again. I will learn soon enough I guess.

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Added 1 more for +84.

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Blessed is the one who takes refuge in Him.
  • #43,989
  • Nov 19, 2018 9:28am Nov 19, 2018 9:28am
Quoting x3m-PippiN
I entered short but didn't put my stop in the right place on purpose .. I was relying on structure to hold with the idea that if I get stopped out I would re enter... sad part is I didn't get a rotation. If I had followed my plan I wouldn't have entered and I would still be sitting on my hands.. aaahhh tuition fees, tuition fees -43 points so far.. {image}

I might be extremely wrong, but on my charts, the bears are making a run for 25055. Who knows if/when they will get there.
Luck has no place in trading. Leave that for the poker table.
  • #43,990
  • Nov 19, 2018 9:32am Nov 19, 2018 9:32am
Quoting Pair-me-up
{quote} I might be extremely wrong, but on my charts, the bears are making a run for 25055. Who knows if/when they will get there.
Well, I've mapped out some structure at 25090 and 25032 ..so yeah. Here's a 1h chart... a bit cluttered but looks fine on smaller timeframe
Attached Image (click to enlarge)
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  • #43,991
  • Nov 19, 2018 9:53am Nov 19, 2018 9:53am
Quoting Pair-me-up
{quote} Update on my short: {image} {image}

Out of this market for the night.

YM +201 <-- 4 contracts
NQ +438 <-- 4 contracts

No losses tonight.
Luck has no place in trading. Leave that for the poker table.
  • #43,992
  • Nov 19, 2018 10:40am Nov 19, 2018 10:40am
Pretty bad day for me today.

+13 +7 -53 -63
Total: -96

 

  1. I was trading against a strong area of resistance so I decided to take the trade but protect early. My expectation in the bigger picture was still a NSH.
  2. The trend appears to be clear. I missed the previous swing because it barely touched the 382. Then I noticed some long term support and I bailed on the trade too early. Another reason because I did that was a bat on the longer term. It's clear I shouldn't have done that.
  3. I entered early not noticing that I wouldn't have room to protect since I expected a deep correction. But the 50% seemed deep enough. This trade failed, but it seemed pretty legit.
  4. Another failure. Please let me know if you think I did something wrong here.


Please let me know what you guys think about trade 3 and 4 and if in your opinion I did something wrong on them.

Thank you.

Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-18 (144 Tick) 2018_11_19 (5_36_23 PM).png Size: 129 KB
  • #43,993
  • Nov 19, 2018 2:07pm Nov 19, 2018 2:07pm
First trade - 1:1 to the downside (blue lines). I was interrupted and when I came back, TP was not reached by a few points and the bulls alredy made the up leg... ouch.

Second trade - 1:1 to the upside (yellow lines). This trade did not work out. I tried a rescue mission and move stoploss below 113%. I was lucky, it could be a costly lost.

Third trade - Price made a tiny NSL and depth increased, I was looking for a leg (yellow line) to the upside. Price finally did a 1:1 to the upside (brown lines) in confluence with last yellow line.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-18 (233 Tick) 2018_11_19 (16_43_35).png Size: 79 KB
  • #43,994
  • Edited 3:20am Nov 20, 2018 2:58am | Edited 3:20am
Guys, do you sometimes feel like the price makes a corrections only to get you ouf of the trade? :-) I moved SL to BE and price went up just enough to hit SL. Previous two trades finished in profit.

Edit: The next trade the same situation. Sl at 24865 price hit 24864 and I got out. I thought there was no spread on YM...
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-18 (89 Tick) 2018_11_20 (9_39_41).png Size: 167 KB
  • #43,995
  • Nov 20, 2018 9:53am Nov 20, 2018 9:53am
YM - 2 swing trades for me today, +94, -20
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  • #43,996
  • Nov 20, 2018 9:53am Nov 20, 2018 9:53am
Hello traders, I found the 144tick too expensive to trade so I zoomed in to the 34tick. Man that is fast! I had 3 trades, 1 BE and 2 winners. The last one I was to slow with the trailing.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-18 (34 Tick) 2018_11_20 (16_48_41).png Size: 85 KB
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  • #43,997
  • Edited 12:00pm Nov 20, 2018 11:17am | Edited 12:00pm
4 trades today 2-2

The last one I'll blame on the wife as she was talking to me as I was looking for my entry. ;-)

Still on the 70t chart.

Attached Image (click to enlarge)
Click to Enlarge Name: 11 20 2018 11_11_20_DESKTOP-IS72000.jpg Size: 483 KB
Blessed is the one who takes refuge in Him.
  • #43,998
  • Nov 20, 2018 3:35pm Nov 20, 2018 3:35pm
5 trades today taken on different time frames ..from 89 tick to 233 tick
It sucks to trade with those big swings and the smaller orderflow is a bit fast but I prefer that over watching paint dry.
Attached Image(s) (click to enlarge)
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  • #43,999
  • Nov 21, 2018 7:48am Nov 21, 2018 7:48am
Quoting reo4ua
4 trades today 2-2 The last one I'll blame on the wife as she was talking to me as I was looking for my entry. ;-) Still on the 70t chart. {image}
I was curious about your MT4 Tick chart. I have been playing with one that Parvis created, but yours looks very nice.
Wow! I've got some experience to gain.
  • #44,000
  • Nov 21, 2018 9:11am Nov 21, 2018 9:11am
Quoting Lawnman
{quote} I was curious about your MT4 Tick chart. I have been playing with one that Parvis created, but yours looks very nice.
it's a commercial indi - will message you as I think I will be flagged if I put it here.
Blessed is the one who takes refuge in Him.
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