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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

  • #44,341
  • Jan 10, 2019 8:27am Jan 10, 2019 8:27am
Quoting Hansl
Similar as pradlal. Thought I would share my view as well and an explanation of it on the chart. {image}
That's very interesting. Appreciate you sharing your full process.
  • #44,342
  • Jan 10, 2019 9:29am Jan 10, 2019 9:29am
Quoting pradlal
{quote} That's very interesting. Appreciate you sharing your full process.
Appreciate your charts as well! Always good to see charts of other people here.
  • #44,343
  • Jan 10, 2019 9:36am Jan 10, 2019 9:36am
Anyone took the long?

I am keen on your opinions there. From a (my) price action standpoint the bears looked definitely better while the bulls did not achieve much. (First red dashed line). Then the bears came down with good momentum (second dashed line) and the buyers still traded higher without caring it seems.

Had no reasons to enter there except of the expectation. Which in my eyes was "weak".

I am looking forward to your input and your view on this! Hope you all trade in green today!
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: YMH9-CBOT 144 Trades #1 2019-01-10 10_37_36.761.png Size: 41 KB
  • #44,344
  • Jan 10, 2019 9:40am Jan 10, 2019 9:40am
Quoting Hansl
Anyone took the long? I am keen on your opinions there. From a (my) price action standpoint the bears looked definitely better while the bulls did not achieve much. (First red dashed line). Then the bears came down with good momentum (second dashed line) and the buyers still traded higher without caring it seems. Had no reasons to enter there except of the expectation. Which in my eyes was "weak". I am looking forward to your input and your view on this! Hope you all trade in green today! {image} {image}
No input or views from me, just like you said, it was the expectation so I traded it.
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  • #44,345
  • Jan 10, 2019 9:46am Jan 10, 2019 9:46am
Yesterday I had 2 BE trades
Same as bmdenton23 for today ...out for +103 ticks
In hindsight I shouldn't have actually locked in any profit because the 1:1 wasn't reached by 2-3 points...
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  • #44,346
  • Jan 10, 2019 9:46am Jan 10, 2019 9:46am
Quoting bmdenton23
{quote} No input or views from me, just like you said, it was the expectation so I traded it. {image}
Nice trade!

Maybe too much subjectivity from my side.
  • #44,347
  • Jan 10, 2019 9:48am Jan 10, 2019 9:48am
Quoting bmdenton23
{quote} No input or views from me, just like you said, it was the expectation so I traded it. {image}
Ha. Mines the same.
Currently on the pain train.
Attached Image (click to enlarge)
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  • #44,348
  • Jan 10, 2019 9:55am Jan 10, 2019 9:55am
Quoting Hansl
{quote} Nice trade! Maybe too much subjectivity from my side.
I had the same issue yesterday... too picky and not trading what's most obvious on the chart- the expectation at hand.
  • #44,349
  • Jan 10, 2019 9:56am Jan 10, 2019 9:56am
Alright folks, no trades yesterday, marital spat had me way too emotional.

Anyway, today, 2 trades for +5 total. Reference swings are lime green.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-19 (144 Tick) 2019_01_10 (10_53_05 AM).png Size: 98 KB
Wow! I've got some experience to gain.
  • #44,350
  • Jan 10, 2019 10:06am Jan 10, 2019 10:06am
Quoting Lawnman
Alright folks, no trades yesterday, marital spat had me way too emotional. Anyway, today, 2 trades for +5 total. Reference swings are lime green. {image}
Why did you short in the first place.. price mad a very very weak NSL(red circle) and than the expectation failed (at red line)
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-19 (144 Tick) 2019_01_10 (10_53_05 AM).png Size: 98 KB
  • #44,351
  • Jan 10, 2019 10:06am Jan 10, 2019 10:06am
Quoting x3m-PippiN
{quote} I had the same issue yesterday... too picky and not trading what's most obvious on the chart- the expectation at hand.
Going to switch to a line chart instead. Just joking!

Sometimes I cannot find the right standpoint between beeing too subjective and staying ahead of price. I have lots of trades where I followed just the expectation, but in the end it was obvious that it is going to fail if one had looked at the price action to the left.

Well, next trades are coming!! Glad you guys got the long!
  • #44,352
  • Edited 10:40am Jan 10, 2019 10:29am | Edited 10:40am
Quoting Hansl
{quote} Going to switch to a line chart instead. Just joking! Sometimes I cannot find the right standpoint between beeing too subjective and staying ahead of price. I have lots of trades where I followed just the expectation, but in the end it was obvious that it is going to fail if one had looked at the price action to the left. Well, next trades are coming!! Glad you guys got the long!
I find myself looking at the bigger TF's and if we are in an exhaustion area or a possible AOI on the larger TF I avoid getting in with the immediate OF or the intermediate and instead I wait for an OF change in the direction of the larger orderflow and go with that. The only problem is that I end up waiting a lot and second guessing myself when the larger OF doesn't play out like it's expected. I've had a very good run trading like that in the last two months and I'm currently on a 13 trade winstreak (now I'm going to jinx it ). But there are days when it's hard to trade like that.

I guess this is like what Damian calls "cherry picking"... because we are not trading every expectation just the one that we think has a higher chance of playing out. It has it's advantages and disadvantages.

Edit: I re-read your post and mine seems a bit of an odd answer. The point I was trying to make was that it's hard to have "situational awareness" and still trade the expectation at hand when that "situational awareness" leads you to believe that the expectation at hand is a low probability one. I hope you understand me.
  • #44,353
  • Jan 10, 2019 10:40am Jan 10, 2019 10:40am
BE
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  • #44,354
  • Jan 10, 2019 11:05am Jan 10, 2019 11:05am
Quoting x3m-PippiN
{quote} Why did you short in the first place.. price mad a very very weak NSL(red circle) and than the expectation failed (at red line) {image}
Thank you for the feedback, I appreciate any and all critique. I took the short because I have seen that often when a NSH/L doesn't reach the 1.27 aka weak H/L it will often brake the imediate expectation and then continue on in the original direction.
Not exactly in line with Damian's teachings.

I keep forgetting to note that these are demo trades.
Wow! I've got some experience to gain.
  • #44,355
  • Jan 10, 2019 11:34am Jan 10, 2019 11:34am
Quoting Lawnman
{quote} Thank you for the feedback, I appreciate any and all critique. I took the short because I have seen that often when a NSH/L doesn't reach the 1.27 aka weak H/L it will often brake the imediate expectation and then continue on in the original direction. Not exactly in line with Damian's teachings. I keep forgetting to note that these are demo trades.
I say "often", it's not like I've counted the occurrence. Will stick with the expectation and maybe make notes on the above.

Also, FOMO
Wow! I've got some experience to gain.
  • #44,356
  • Jan 10, 2019 11:49am Jan 10, 2019 11:49am
Tracking the EUR/USD, 15 Min. After the breakout, pulling back to some nice confluence - 61.8, 1:1 ABCD which is moving at perfect pitch / speed down and approaching the buying zone (larger red box). Hoping we can drop down for entry...

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Good work is the key to good fortune
  • #44,357
  • Edited 10:41pm Jan 10, 2019 12:43pm | Edited 10:41pm
Came down a little quicker, but getting nice reaction off 61.8 and buying zone.

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Starting to get some movement on this one. Looking for NSH above 1.1569.

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Approaching the 61.8, which also is a sell zone. Moving to BE and hopefully price can work thru the zone on the way to NSH.

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Good work is the key to good fortune
  • #44,358
  • Jan 10, 2019 1:01pm Jan 10, 2019 1:01pm
Quoting evocpr19
I traded mainly NQ today (-54, +124). However, I saw this setup on YM and I took it. Got taken out by trailing (too early), but it is already late, so it is ok. {image}
Hi evocpr19, if I see it correctly on your charts, it seems that you are not using rotation candles for your entries. Correct?
  • #44,359
  • Jan 10, 2019 1:51pm Jan 10, 2019 1:51pm
Took one more trade today which ended up BE +9. Would've certainly took the next losing trade setup except it was lunch time and I was hungry.
YM +123 today
Week: +321
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  • #44,360
  • Jan 10, 2019 2:01pm Jan 10, 2019 2:01pm
Quoting fxboss69
{quote} Hi evocpr19, if I see it correctly on your charts, it seems that you are not using rotation candles for your entries. Correct?
I have areas where I prefer to see and wait a rotation candle, but in general is not the most crucial thing for me. Sometime, I also press before the close of the candle and then it turns out that it does not rotate at that entry candle.
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