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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

  • #44,041
  • Dec 3, 2018 9:29am Dec 3, 2018 9:29am
Hello everyone, today 4 trades so far and 60 points up. The first trade was a rubbish entry because I had difficulty with the orderflow and as soon as it became clear to me I placed my stop at the correct place.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-18 (34 Tick) 2018_12_03 (16_19_24).png Size: 84 KB
the second trade was a SOS3 signal and I trailed according to my rules. Then I started to make mistakes with the 3th trade by moving my stop to fast to breakeven. The green candle scared me off while there were multiple cases to stay short so I kind of screwed up that one for a small win instead of a 1:1 profittarget. The final trade I was trading the correction because we had a 1:1 completion plus a weak NSL so I expecting a deep correction. Unfortunately I got stopped out for a small win but I neede to be aggresive because I was trading against orderflow
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-18 (34 Tick) 2018_12_03 (16_20_27)q.png Size: 94 KB
  • #44,042
  • Dec 3, 2018 10:06am Dec 3, 2018 10:06am
3 trades on the 89 tick
Attached Image

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 88 KB



I preferred the 233 tick expectation but I didn't like the small correction in the red circle so I wasn't feeling confident considering the stop was ~110 ticks...just not worth it. Different story if it was a 40 tick stop.

233 tick chart
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot3.png Size: 86 KB
  • #44,043
  • Dec 3, 2018 10:12am Dec 3, 2018 10:12am
Went short about 90 minutes ago. Might close it soon.
o.k. I closed it for about +320 on the YM and the NQ combined.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: YM 12-18 (233 Tick) 2018_12_04 (12_03_08 AM).png Size: 34 KB
Click to Enlarge Name: NQ 12-18 (233 Tick) 2018_12_04 (12_03_32 AM).png Size: 38 KB
Luck has no place in trading. Leave that for the poker table.
  • #44,044
  • Dec 3, 2018 9:50pm Dec 3, 2018 9:50pm
Reviewing some stats of mine today, thought I'd share.....

On days when I only take 1 swing (pip) trade, I've been profitable the last 22 out of 23 occurrences.
On days when I take 4 or more swing trades, I've only been profitable 22 out of the last 45 occurrences.
  • #44,045
  • Dec 4, 2018 12:58am Dec 4, 2018 12:58am
Quoting bmdenton23
Reviewing some stats of mine today, thought I'd share..... On days when I only take 1 swing (pip) trade, I've been profitable the last 22 out of 23 occurrences. On days when I take 4 or more swing trades, I've only been profitable 22 out of the last 45 occurrences.
Nice, I suppose when you take 1 swing trade it's usually in the first 1 hour of the session?
  • #44,046
  • Dec 4, 2018 1:30am Dec 4, 2018 1:30am
Quoting bmdenton23
Reviewing some stats of mine today, thought I'd share..... On days when I only take 1 swing (pip) trade, I've been profitable the last 22 out of 23 occurrences. On days when I take 4 or more swing trades, I've only been profitable 22 out of the last 45 occurrences.
This is the reason why I focus on 1 or 2 setups on a given day.
  • #44,047
  • Dec 4, 2018 5:52am Dec 4, 2018 5:52am
Quoting bmdenton23
Reviewing some stats of mine today, thought I'd share..... On days when I only take 1 swing (pip) trade, I've been profitable the last 22 out of 23 occurrences. On days when I take 4 or more swing trades, I've only been profitable 22 out of the last 45 occurrences.
Something that I noticed was that almost every day you have a period where price is kind of ranging with a couple of expectationfaillures short after each other at least on the smaller timeframes. I f you unlucky that happens during your session. That period shifts, one time it's during NY open, then it happens at the end of the day or it happens during the night
  • #44,048
  • Dec 4, 2018 7:41am Dec 4, 2018 7:41am
Guys,

Great thread.

I am really struggling with my NinjaTrader account... I try to load the charts, though nothing appears. I have tried customer support but have yet to hear from them. Anyone know how to fix this problem?

Thanks in advance...
  • #44,049
  • Dec 4, 2018 8:07am Dec 4, 2018 8:07am
Quoting Aaron4X
Guys, Great thread. I am really struggling with my NinjaTrader account... I try to load the charts, though nothing appears. I have tried customer support but have yet to hear from them. Anyone know how to fix this problem? Thanks in advance...
Hi!

Did you download the historical data for your desired instrument?

Maybe this helps:
https://ninjatrader.com/support/helpGuides/nt8/en-us/?download.htm
  • #44,050
  • Dec 4, 2018 8:31am Dec 4, 2018 8:31am
Thanks buddy,

I just tried this, though it has not fixed the problem unfortunately
  • #44,051
  • Dec 4, 2018 8:34am Dec 4, 2018 8:34am
Quoting Aaron4X
Thanks buddy, I just tried this, though it has not fixed the problem unfortunately
Do you have a data feed connected ?
  • #44,052
  • Dec 4, 2018 10:03am Dec 4, 2018 10:03am
I've been struggling to get to a positive expectancy overall. I feel like I'm really close but not where I need to be yet.
Here's my 3 trades from today. Any feedback welcome
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-18 (89 Tick) 2018_12_04 (10_59_14 AM).png Size: 72 KB
  • #44,053
  • Dec 4, 2018 10:21am Dec 4, 2018 10:21am
Quoting PipJr
I've been struggling to get to a positive expectancy overall. I feel like I'm really close but not where I need to be yet. Here's my 3 trades from today. Any feedback welcome {image}
Well, your first trade was against the expectation..the main swing is at least the one my chart (scrunched down to fit more data). To be honest it starts even higher if we are looking for a proper 38.2 correction.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 92 KB
  • #44,054
  • Dec 4, 2018 10:26am Dec 4, 2018 10:26am
Quoting PipJr
I've been struggling to get to a positive expectancy overall. I feel like I'm really close but not where I need to be yet. Here's my 3 trades from today. Any feedback welcome {image}
Trade 1 was a trade against heavy structure. The longer term (big swing down) expectation was for a NSL. We corrected already a lot (donot have the chart right now, but I think it was the 61.8 fib. This was for me the reason to bail out of my NQ trade.

Trade 2 : Took the same and did also not trail.

Trade 3: I do not like this area, since expectation of said big swing is NSL and longer term is NSH. Both would require the right SL. Immediate trading is difficult here.
Better area to go long, but previous bear move was strong (bulls were on vacation)

Hope this helps.
  • #44,055
  • Dec 4, 2018 10:34am Dec 4, 2018 10:34am
Quoting evocpr19
{quote} Trade 1 was a trade against heavy structure. The longer term (big swing down) expectation was for a NSL. We corrected already a lot (donot have the chart right now, but I think it was the 61.8 fib. This was for me the reason to bail out of my NQ trade. Trade 2 : Took the same and did also not trail. Trade 3: I do not like this area, since expectation of said big swing is NSL and longer term is NSH. Both would require the right SL. Immediate trading is difficult here. Better area to go long, but previous bear move was strong...
I think that this is valid for the whole session for now. The expectations on the 233 and 1597 chart are in play and the 89 is difficult. The swings are big and the SL is just not worth it. Been sitting on my hands.
  • #44,056
  • Dec 4, 2018 10:50am Dec 4, 2018 10:50am
Quoting x3m-PippiN
{quote} I think that this is valid for the whole session for now. The expectations on the 233 and 1597 chart are in play and the 89 is difficult. The swings are big and the SL is just not worth it. Been sitting on my hands.
I found many reasons for trade 2. So cannot confirm that for 89t
  • #44,057
  • Dec 4, 2018 10:55am Dec 4, 2018 10:55am
Quoting evocpr19
{quote} I found many reasons for trade 2. So cannot confirm that for 89t
I agree with the second trade ...everything was screaming inside me ..sell sell but no rotation on my chart so I sat on my hands.
  • #44,058
  • Dec 4, 2018 11:20am Dec 4, 2018 11:20am
Held on to that short since yesterday. Was expecting price to reach at least 25500/25480. A lot of pain, but it worked out. Price even traded far below those levels. Got taken out on the trail with + 299 today.
Attached Image (click to enlarge)
Click to Enlarge Name: YMZ8-CBOT 233 Trades #2 2018-12-04 12_17_18.198.png Size: 60 KB
  • #44,059
  • Dec 4, 2018 11:42am Dec 4, 2018 11:42am
Well that went pretty well. 9 for 9 with 2 BEs
Even profited on a long trade on a day that dropped over 500 points.
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+246
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 106 KB
  • #44,060
  • Dec 4, 2018 4:37pm Dec 4, 2018 4:37pm
Quoting Aaron4X
Guys, Great thread. I am really struggling with my NinjaTrader account... I try to load the charts, though nothing appears. I have tried customer support but have yet to hear from them. Anyone know how to fix this problem? Thanks in advance...
Do you have on your chart the right contract loaded ? e.g. 12-18 YM (you can see that on the posted chart of bmdenton23)

Can you specify a bit more what you mean with "...nothing appears...".
I assume that you are connected to a data feed and that you have an empty chart window open.
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