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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

  • #44,421
  • Jan 16, 2019 10:40am Jan 16, 2019 10:40am
Taken out on the trail. +62 on the day so far
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-19 (144 Tick) 2019_01_16 (11_39_27 AM).png Size: 75 KB
If you fail to plan, you plan to fail.
  • #44,422
  • Jan 16, 2019 10:41am Jan 16, 2019 10:41am
Quoting bmdenton23
{quote} That was an aggressive 4th trade.
I know but the buyers had achieved control. I had to take it. Fear is for the other traders on the other side of our trades.
If you fail to plan, you plan to fail.
  • #44,423
  • Jan 16, 2019 10:46am Jan 16, 2019 10:46am
Chewed up and spit out again. Hopefully, applying myself consistently will eventually result in better performance, not just sucking consistently. I'm having a difficult time knowing when I'm being patient and when I'm being gutless.

-104 for the day
edit: demo
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-19 (144 Tick) 2019_01_16 (11_46_09 AM).png Size: 166 KB
Wow! I've got some experience to gain.
  • #44,424
  • Jan 16, 2019 10:55am Jan 16, 2019 10:55am
Quoting Lawnman
Chewed up and spit out again. Hopefully, applying myself consistently will eventually result in better performance, not just sucking consistently. I'm having a difficult time knowing when I'm being patient and when I'm being gutless. -104 for the day edit: demo {image}
Hang in there my friend we all go through the swamp every now and then. I would say to just stick to a particular order flow and trade it. Forget about everything else and work with it.
If you fail to plan, you plan to fail.
  • #44,425
  • Jan 16, 2019 10:58am Jan 16, 2019 10:58am
Quoting Mr. Pip
{quote} Hang in there my friend we all go through the swamp every now and then. I would say to just stick to a particular order flow and trade it. Forget about everything else and work with it.
Thank you. Will do.
Wow! I've got some experience to gain.
  • #44,426
  • Edited 8:10pm Jan 16, 2019 12:50pm | Edited 8:10pm
CAD/JPY 15 min set up below. NSH and ABCD just completed. Expecting correction - hopefully down to the 38.2 or 50 area buying zone. I like the 50 as the daily open level is there for added support.

Attached Image (click to enlarge)
Click to Enlarge Name: CAD-JPY Set Up.PNG Size: 43 KB


CAD/JPY entry down to 38.2 and buying zone.

Attached Image (click to enlarge)
Click to Enlarge Name: CAD-JPY Entry.PNG Size: 40 KB
Good work is the key to good fortune
  • #44,427
  • Jan 16, 2019 1:13pm Jan 16, 2019 1:13pm
Quoting Mr. Pip
Taken out on the trail. +62 on the day so far {image}
Good day Sir,

I had the worst day of this year. Total - 82p.

Could you say where I was wrong? I missed 2 longs before my first entry. For now I understand that my second entry was against the larger expectation.

When you understood that immediate orderflow is not going to make another NSL?
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  • #44,428
  • Jan 16, 2019 1:47pm Jan 16, 2019 1:47pm
Quoting Bogdanlinee
{quote} Good day Sir, I had the worst day of this year. Total - 82p. Could you say where I was wrong? I missed 2 longs before my first entry. For now I understand that my second entry was against the larger expectation. When you understood that immediate orderflow is not going to make another NSL? {image}
If you were looking at the short term order flow, your first entry long was after the expectation had failed. The play was short. Your second trade has a bit the the same thing. That one was harder to see but the sellers were unable to defend their zones and the buyers started absorbing and all of the levels they needed to defend. That means bigger money scaling in.
If you fail to plan, you plan to fail.
  • #44,429
  • Jan 16, 2019 1:59pm Jan 16, 2019 1:59pm
Quoting Bogdanlinee
{quote} Good day Sir, I had the worst day of this year. Total - 82p. Could you say where I was wrong? I missed 2 longs before my first entry. For now I understand that my second entry was against the larger expectation. When you understood that immediate orderflow is not going to make another NSL? {image}
For 2nd trade I have the impression that your yellow lines are a mixture of short-term and long-term orderflow. When looking to the 233 tick chart you see very clearly that the swing you are trading belongs to the longer order flow. So it seems that your are taking a short on the very bullish longer order flow which finally caused the problem. Makes my observation sense?
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  • #44,430
  • Jan 16, 2019 1:59pm Jan 16, 2019 1:59pm
Quoting Mr. Pip
{quote} If you were looking at the short term order flow, your first entry long was after the expectation had failed. The play was short. Your second trade has a bit the the same thing. That one was harder to see but the sellers were unable to defend their zones and the buyers started absorbing and all of the levels they needed to defend. That means bigger money scaling in.

Do you mean this break of structure?

Thanks a lot.
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  • #44,431
  • Jan 16, 2019 2:02pm Jan 16, 2019 2:02pm
Quoting Bogdanlinee
{quote} Do you mean this break of structure? Thanks a lot. {image}
Yes, Stay true to one order flow. There is less confusion and easier to follow.
If you fail to plan, you plan to fail.
  • #44,432
  • Jan 16, 2019 2:16pm Jan 16, 2019 2:16pm
Quoting fxboss69
{quote} For 2nd trade I have the impression that your yellow lines are a mixture of short-term and long-term orderflow. When looking to the 233 tick chart you see very clearly that the swing you are trading belongs to the longer order flow. So it seems that your are taking a short on the very bullish longer order flow which finally caused the problem. Makes my observation sense? {image}
Thanks a lot, fxboss69 and Mr. Pip.

You are totally right.

I see where I was wrong.
  • #44,433
  • Jan 17, 2019 3:50am Jan 17, 2019 3:50am
Quoting Mr. Pip
{quote} Yes, Stay true to one order flow. There is less confusion and easier to follow.
Sorry for disturb you but I have couple of questions:

Do you keep in mind intraday order flow when you trade immediate swings?

It's a bit confused me. When I think about intraday swings while trade short term stuff I can loss a lot of good trades.

Should I be careful to trade correction of the intraday swing when momentum and projection of it is strong?

Or just focus on one orderflow and dont care about anything?)

Thank you.
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  • #44,434
  • Jan 17, 2019 4:48am Jan 17, 2019 4:48am
Hi guys, have you ever tried to use volume profile (or market profile) to define structure? See the picture with my last trade. I used volume profile tool and marked interesting volume areas (horizontal lines) See how price reacted to them. To be honest I have problems to identify structure areas so I am looking for a tool to help with it. I use standard tools like POC, VAH, VAL, etc. Will be glad for your comments.
Attached Image (click to enlarge)
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  • #44,435
  • Jan 17, 2019 9:44am Jan 17, 2019 9:44am
Watching paint dry on the YM for the last 20 minutes.
Wow! I've got some experience to gain.
  • #44,436
  • Jan 17, 2019 9:47am Jan 17, 2019 9:47am
Quoting Lawnman
Watching paint dry on the YM for the last 20 minutes.
I think we are just watching paint... I don't think there's even any drying in the process
  • #44,437
  • Jan 17, 2019 10:11am Jan 17, 2019 10:11am
long from 24120 looking for a break of this high. About to happen
instagram: stepbystepforex
  • #44,438
  • Jan 17, 2019 10:17am Jan 17, 2019 10:17am
Going to call it a day.

-10 and +29 = +19 demo points
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-19 (233 Tick) 2019_01_17 (11_15_25 AM).png Size: 104 KB
Wow! I've got some experience to gain.
  • #44,439
  • Jan 17, 2019 10:44am Jan 17, 2019 10:44am
Quoting majrou666
Hi guys, have you ever tried to use volume profile (or market profile) to define structure? See the picture with my last trade. I used volume profile tool and marked interesting volume areas (horizontal lines) See how price reacted to them. To be honest I have problems to identify structure areas so I am looking for a tool to help with it. I use standard tools like POC, VAH, VAL, etc. Will be glad for your comments. {image}
I tried for a while volume and POC. However, it did not help me. On cntrary, I think that my trading suffered from it. So I removed it again.
  • #44,440
  • Jan 17, 2019 11:07am Jan 17, 2019 11:07am
Hey Traders losing day for me today -37 points so net for the week so far is +155
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-19 (144 Tick) 2019_01_17 (12_04_21 PM).png Size: 57 KB
If you fail to plan, you plan to fail.
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