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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

  • #44,101
  • Dec 10, 2018 8:39am Dec 10, 2018 8:39am
Quoting Pair-me-up
I went long on the 89 tick chart at the opening. I am trying work on better entries. My goal will be to eventually have a starting stop loss of 20 points or less. {image}
Stopped out while posting the above chart for +31
Luck has no place in trading. Leave that for the poker table.
  • #44,102
  • Dec 10, 2018 8:53am Dec 10, 2018 8:53am
I re-entered short too early and lost 30 points. Then reentered at a better price going short. I did use the 89 tick chart to enter.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-18 (233 Tick).png Size: 47 KB
Luck has no place in trading. Leave that for the poker table.
  • #44,103
  • Dec 10, 2018 9:18am Dec 10, 2018 9:18am
Quoting Mr. Pip
Hello Traders, Sorry I've been gone for a while needed to take a break and we had another baby. Feeling blessed. Just wanted to let you all know the next live stream is on Tuesday Dec. 18 same time as always. Hope to see you all there.
Congratulations!
  • #44,104
  • Dec 10, 2018 10:31am Dec 10, 2018 10:31am
70 tick

Attached Image (click to enlarge)
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Blessed is the one who takes refuge in Him.
  • #44,105
  • Dec 10, 2018 10:33am Dec 10, 2018 10:33am
No trades for me.. although there were good opportunities.
  • #44,106
  • Dec 10, 2018 10:34am Dec 10, 2018 10:34am
My first trades on 89 tick chart, it is very fast... I did some (a lot) mistakes , but it was a green day.
Attached Image(s) (click to enlarge)
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  • #44,107
  • Dec 10, 2018 11:41am Dec 10, 2018 11:41am
Attached Image (click to enlarge)
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Blessed is the one who takes refuge in Him.
  • #44,108
  • Dec 10, 2018 12:23pm Dec 10, 2018 12:23pm
Quoting reo4ua
{image}
Hi Reo43ua,
On your chart it looks like you have a NSH yet you were trading short. Also, why didn't you go to BE at the test of structure?
Keep posting - it helps us all
  • #44,109
  • Dec 10, 2018 12:32pm Dec 10, 2018 12:32pm
Quoting Mr. Pip
Hello Traders, Sorry I've been gone for a while needed to take a break and we had another baby. Feeling blessed. Just wanted to let you all know the next live stream is on Tuesday Dec. 18 same time as always. Hope to see you all there.
Congratulations. Same month with Mary's boy child. Be blessed with your family
Can't wait for 18th.
  • #44,110
  • Dec 10, 2018 1:28pm Dec 10, 2018 1:28pm
Quoting PipJr
{quote} Hi Reo43ua, On your chart it looks like you have a NSH yet you were trading short. Also, why didn't you go to BE at the test of structure? Keep posting - it helps us all

Thanks for the feedback. I still struggle with identifying the main swings - I hope this image explains my thought process. Price never made it back to the NSL which is where I would have moved to BE.

Attached Image (click to enlarge)
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Blessed is the one who takes refuge in Him.
  • #44,111
  • Dec 10, 2018 1:47pm Dec 10, 2018 1:47pm
Quoting reo4ua
{quote} Thanks for the feedback. I still struggle with identifying the main swings - I hope this image explains my thought process. Price never made it back to the NSL which is where I would have moved to BE. {image}
Yes I see the swing you are trading. It is a difficult area to identify the correct swing. More importantly you identified good structure, ratio and rotation. For me, I would get to BE anywhere near structure. Whether you identified the swing correctly or not you got a good entry in the right direction. Once you get near that structure your expectation usually plays out or fails completely. Hope that helps.
  • #44,112
  • Dec 10, 2018 2:42pm Dec 10, 2018 2:42pm
I traded today the 34tick. A lot of trades and some small mistakes like move stop too fast to breakeven but ended up with 91 points
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  • #44,113
  • Dec 10, 2018 5:34pm Dec 10, 2018 5:34pm
Quoting Mr. Pip
Hello Traders, Sorry I've been gone for a while needed to take a break and we had another baby. Feeling blessed. Just wanted to let you all know the next live stream is on Tuesday Dec. 18 same time as always. Hope to see you all there.
Awesome news man. Congratulations!
Damn The Torpedoes, Full Speed Ahead!
  • #44,114
  • Dec 11, 2018 10:05am Dec 11, 2018 10:05am
I took this short based on TA. The bulls have been really defending the 24566 tonight. In my view that is. In the grand scheme of things. If my analysis are correct then the bear want to take price a lot lower. Time will tell.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-18 (233 Tick).png Size: 38 KB
Luck has no place in trading. Leave that for the poker table.
  • #44,115
  • Dec 11, 2018 10:08am Dec 11, 2018 10:08am
Hello. took 18 trades on the 34tick today for 39points profit. I also did my first rescue trade which worked out perfect. I could 've done more rescue trades to erase more losses but I am still testing them and the one I did was a perfect example. I had 5 losers, 5 breakevens and 8 winners
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  • #44,116
  • Dec 11, 2018 11:07am Dec 11, 2018 11:07am
2 Trades today, nice and patient+188
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  • #44,117
  • Dec 11, 2018 11:08am Dec 11, 2018 11:08am
Quoting Pair-me-up
I took this short based on TA. The bulls have been really defending the 24566 tonight. In my view that is. In the grand scheme of things. If my analysis are correct then the bear want to take price a lot lower. Time will tell. {image}
Update on my short play
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-18 (233 Tick).png Size: 38 KB
Luck has no place in trading. Leave that for the poker table.
  • #44,118
  • Dec 11, 2018 11:19am Dec 11, 2018 11:19am
I'm having a lot of trouble with those big moves.. on the 233 tick the expectation was for a NSH... there wasn't a 38.2 correction on the immediate OF so I didn't want to enter a short. Very frustrating to sit on my hands for a second day in a row.
A break below the lime green line would suggest a change in immediate orderflow but since the correction hadn't reached the 38,2 for me this wasn't a valid change of orderflows.

Am I missing something ?
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  • #44,119
  • Dec 11, 2018 11:30am Dec 11, 2018 11:30am
Quoting x3m-PippiN
I'm having a lot of trouble with those big moves.. on the 233 tick the expectation was for a NSH... there wasn't a 38.2 correction on the immediate OF so I didn't want to enter a short. Very frustrating to sit on my hands for a second day in a row. A break below the lime green line would suggest a change in immediate orderflow but since the correction hadn't reached the 38,2 for me this wasn't a valid change of orderflows. Am I missing something ? {image}
Mr. Pip will have a live stream next week. Maybe you can save your screen shot and ask him at that time. Also, from your chart.... what situational awareness are you using besides structural analysis and fibonacci numbers. By the way.. I am terrible at fibonacci. I don't have them mastered yet. But trying.
Luck has no place in trading. Leave that for the poker table.
  • #44,120
  • Dec 11, 2018 11:33am Dec 11, 2018 11:33am
Quoting Pair-me-up
{quote} Update on my short play {image}
O.k. this will be my last screen shot before I go to sleep. The bulls are still fighting, but the bears so far are trying to take this thing spelunking with them. Time will tell. I locked in a few more points. My current bias is for the bears. Again... time will tell.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-18 (233 Tick).png Size: 38 KB
Luck has no place in trading. Leave that for the poker table.
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