Ratios & Harmonics: a Different Way to Trade | Page 2224 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

"Ratios & Harmonics: a Different Way to Trade." Summary 37 replies

Learning to trade with harmonics 11 replies

Time for Change - Pivots & Harmonics to freedom 67 replies

180 reasons to trade Harmonics and Patterns 13 replies

Group Trading based on Elliott wave and Harmonics 0 replies

Attachments: Ratios & Harmonics: a Different Way to Trade
Exit Attachments

Ratios & Harmonics: a Different Way to Trade

  • #44,461
  • Jan 18, 2019 10:13am Jan 18, 2019 10:13am
Quoting Lawnman
Done for the day. 1 trade -29 {image}
Hey Lawnman, to me it looked bullish on the IOF and the trade was to get long at your #2. (The swing you fibbed out was the main swing imo) We can get too picky on our rotations. We must remember that the rotation could have been totally different if you were using a 200t or 250t chart for example. Buyers were definitely there and you can see it in your 233t candles. Just my 2 cents.
Process over outcome.
  • #44,462
  • Jan 18, 2019 10:31am Jan 18, 2019 10:31am
Quoting Chrysmere
{quote} Hey Lawnman, to me it looked bullish on the IOF and the trade was to get long at your #2. (The swing you fibbed out was the main swing imo) We can get too picky on our rotations. We must remember that the rotation could have been totally different if you were using a 200t or 250t chart for example. Buyers were definitely there and you can see it in your 233t candles. Just my 2 cents.
Thank you, agree, I think the trade was impulsive.
Wow! I've got some experience to gain.
  • #44,463
  • Jan 18, 2019 10:40am Jan 18, 2019 10:40am
Quoting Lawnman
Done for the day. 1 trade -29 {image}
Is your main swing the fib swing? If so, why were you taking a short?
Rise and rise again until lambs become lions
  • #44,464
  • Jan 18, 2019 10:49am Jan 18, 2019 10:49am
Hard fought +53 today
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 127 KB
  • #44,465
  • Jan 18, 2019 10:57am Jan 18, 2019 10:57am
BE day for me today.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-19 (144 Tick) 2019_01_18 (11_56_05 AM).png Size: 75 KB
If you fail to plan, you plan to fail.
  • #44,466
  • Edited Jan 19, 2019 12:27am Jan 18, 2019 11:07am | Edited Jan 19, 2019 12:27am
Quoting Pair-me-up
{quote} Here is a little update on my two long trades that I entered last night my time, which was just over 49 hours ago. This is just and example of price on a larger order flow. As we can see.. the larger order flow can be very powerful at times in my humble opinion. {image} {image}
This is my last update for the night my time. Have a great weekend all. I will not be around next week. Going on a little vacation with my sweet wife.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: YM 03-19 (240 Minute).png Size: 102 KB
Click to Enlarge Name: NQ 03-19 (240 Minute).png Size: 95 KB
Luck has no place in trading. Leave that for the poker table.
  • #44,467
  • Jan 18, 2019 12:46pm Jan 18, 2019 12:46pm
Hi guys, here are my trades? Still a lot to learn. +174
Attached Image(s) (click to enlarge)
Click to Enlarge Name: dnes1.png Size: 185 KB
Click to Enlarge Name: dnes2.png Size: 190 KB
  • #44,468
  • Jan 18, 2019 1:38pm Jan 18, 2019 1:38pm
Quoting Mr_Burns
{quote} Is your main swing the fib swing? If so, why were you taking a short?
Yes, I'm still prone to goofy trades. I thought I could trade a possible third leg of correction in to my AOI.
Wow! I've got some experience to gain.
  • #44,469
  • Jan 18, 2019 1:39pm Jan 18, 2019 1:39pm
Hello traders, today I only traded the first 30 minutes the US session because I had to do other stuff but ended with 9 points. I used the zones and only took trades in line with the orderflow on the 34 tick.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-19 (34 Tick) 2019_01_18 (20_33_02).png Size: 130 KB
  • #44,470
  • Jan 19, 2019 7:45am Jan 19, 2019 7:45am
Quoting majrou666
Hi guys, here are my trades? Still a lot to learn. +174 {image} {image}
You see, it works also without volume,.... indicators. Anyway, if it helps why not.

These were my NQ trades yesterday
Attached Image (click to enlarge)
Click to Enlarge Name: 1a.jpg Size: 298 KB
  • #44,471
  • Jan 20, 2019 3:31pm Jan 20, 2019 3:31pm
Quoting evocpr19
{quote} You see, it works also without volume,.... indicators. Anyway, if it helps why not. These were my NQ trades yesterday {image}
It sure does work without volume... Lots of you guys prove it here. I watch interesting volume areas (cummulation of volume). These are good turning points.
How would you explain your long trade entry? Larger orderflow? Or just 61,8 fibo? Thank you.
  • #44,472
  • Jan 21, 2019 1:03am Jan 21, 2019 1:03am
Quoting majrou666
{quote} It sure does work without volume... Lots of you guys prove it here. I watch interesting volume areas (cummulation of volume). These are good turning points. How would you explain your long trade entry? Larger orderflow? Or just 61,8 fibo? Thank you.
Expectation + structure + fib + weakening of bears = long
  • #44,473
  • Jan 21, 2019 6:17pm Jan 21, 2019 6:17pm
Quoting AzizLight
Hi All, A quick question about the business aspect of trading. For those of you who have gained the skills to manage a consist profit at trading what strategies have you found helpful with money management. I'm familiar with Damien's spreadsheet involving fixed and smooth ratio money management. My query is regarding how often and how much to draw out. I'd love to hear opinions on this. Do you pay yourself weekly? monthly? quarterly? Do you pay yourself a percentage of your entire capital balance or a percentage of your profit for a given time period?...
Figured I'd give this one bump in case anyone willing to offer input might have missed it.

Hope everyone has a great trading week!
  • #44,474
  • Jan 22, 2019 10:05am Jan 22, 2019 10:05am
Hello traders.

I have a question for you about rotation candle. How many of you use them all the time to enter? And those who use other methods, what are they? and how it affected the frequency and % of profitable trades?

I'm interested because I notice that when price comes to my area of interest but there is no good rotation , I can often miss the profitable trade.
I will be glad to hear any answers. Thanks
  • #44,475
  • Jan 22, 2019 10:11am Jan 22, 2019 10:11am
Quoting RussellShaw
Hello traders. I have a question for you about rotation candle. How many of you use them all the time to enter? And those who use other methods, what are they? and how it affected the frequency and % of profitable trades? I'm interested because I notice that when price comes to my area of interest but there is no good rotation , I can often miss the profitable trade. I will be glad to hear any answers. Thanks
Within the context of swing trading the YM yes I use them all the time.
I use a custom indi to color the bars I define as Decision/rotation candles. Parameters in the screenshot.
Attached Image
  • #44,476
  • Jan 22, 2019 10:16am Jan 22, 2019 10:16am
Quoting bmdenton23
{quote} Within the context of swing trading the YM yes I use them all the time. I use a custom indi to color the bars I define as Decision/rotation candles. Parameters in the screenshot. {image}
Nice feature, thank you
  • #44,477
  • Jan 22, 2019 10:18am Jan 22, 2019 10:18am
One trade today, rode out some pain (yes it's painful for me on demo).
+24
Notes on chart
Critique appreciated.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-19 (233 Tick) 2019_01_22 (11_16_31 AM).png Size: 124 KB
Wow! I've got some experience to gain.
  • #44,478
  • Jan 22, 2019 10:19am Jan 22, 2019 10:19am
Quoting bmdenton23
{quote} Within the context of swing trading the YM yes I use them all the time. I use a custom indi to color the bars I define as Decision/rotation candles. Parameters in the screenshot. {image}
Thanks for that!
Wow! I've got some experience to gain.
  • #44,479
  • Jan 22, 2019 11:05am Jan 22, 2019 11:05am
Quoting RussellShaw
Hello traders. I have a question for you about rotation candle. How many of you use them all the time to enter? And those who use other methods, what are they? and how it affected the frequency and % of profitable trades? I'm interested because I notice that when price comes to my area of interest but there is no good rotation , I can often miss the profitable trade. I will be glad to hear any answers. Thanks
Rotation candles unfortunately appear and don't appear depending on your tick chart settings. It's just a question of relative tick resolution. you can see one on 89T but no one on 144T and vice versa.
I use delta / footprint (orderflow) and DOM to assess my entries, which allows me to enter earlier and more precise. Especially with a small account it's
too risky for me to enter after a 10-15 tick high rotation candle.
Because i couldn't effort much risk per trade the rotation candle rule kept my win ratio very low - 40% - because i got stopped out many times although the trade would have gone in my favor.
Since i'm using delta / footprint / dom my entries have a 70 % win-rate.
I have to say on YM and NQ it's really not easy to trade with footprint and delta, because these market have very low liquidity.
It's easier to trade YM and NQ with more money on your account with big stops and big rotation candles
  • #44,480
  • Jan 22, 2019 1:30pm Jan 22, 2019 1:30pm
1 BE, 1 failed rescue, 2 winners
-----------------------------------
Total +44
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 91 KB
24 traders viewing now