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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

  • #44,501
  • Jan 25, 2019 12:55pm Jan 25, 2019 12:55pm
Quoting Chrysmere
{quote} I'll take a stab at it! Purple line is expectation failure. {image}
Are you sure about your explanation?
  • #44,502
  • Jan 25, 2019 1:02pm Jan 25, 2019 1:02pm
Quoting Bogdanlinee
{quote} Are you sure about your explanation?
He was close. Here is a chart to help
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-19 (144 Tick) 2019_01_25 (2_01_54 PM).png Size: 60 KB
If you fail to plan, you plan to fail.
  • #44,503
  • Jan 25, 2019 1:11pm Jan 25, 2019 1:11pm
Quoting Supreme1394
{quote} Splendid! Could I ask what is your rationale for entering your first trade? It looked like against the expectation at that time.
your answer is above this post
If you fail to plan, you plan to fail.
  • #44,504
  • Jan 25, 2019 1:14pm Jan 25, 2019 1:14pm
Quoting Mr. Pip
{quote} He was close. Here is a chart to help {image}
Figured that might be the case. I would have been limited to trading the immediate orderflow due to the size of the main swing and depth of the retrace. Of course zone trading is also an option for limiting risk. All the best!
Process over outcome.
  • #44,505
  • Jan 25, 2019 1:16pm Jan 25, 2019 1:16pm
Quoting Mr. Pip
{quote} He was close. Here is a chart to help {image}
Good day, Sir.

The last question for the day:

Your third entry. Did you trade this swing?
Attached Image (click to enlarge)
Click to Enlarge Name: EURCAD (15 Minute) 2019_01_24 (13_38_43).png Size: 60 KB
  • #44,506
  • Jan 25, 2019 1:55pm Jan 25, 2019 1:55pm
Quoting MarkStan
{quote} You assessed some swings incorrectly, but despite of it you had bad luck catching expectation failures. Be careful with setting stops on big swings below/above swing high/low if your retracement is <= 50%. Its better to wait for a deeper correction or take a small stop and re-enter if necessary. you loose less respectively gain more with it. The best way to assess a winrate in the beginning is to take trades with RR 1 only. No BE allowed. It's a great exercise. Do 100 trades on one instrument and journal them. You'll have a great overview...
Can you please show what kind of swings I saw incorrectly in your opinion?
  • #44,507
  • Jan 25, 2019 2:02pm Jan 25, 2019 2:02pm
Quoting Bogdanlinee
{quote} Good day, Sir. The last question for the day: Your third entry. Did you trade this swing? {image}
Yes the swing achieved a proper correction
If you fail to plan, you plan to fail.
  • #44,508
  • Jan 25, 2019 2:13pm Jan 25, 2019 2:13pm
Quoting Mr. Pip
{quote} your answer is above this post
Thanks! So I take it that since the NSL swing was actually based on an improper correction of the previous NSH, the overall bias of price is still a NSH? The confirmation would be after the immediate orderflow NSL failed, and we trade the immediate NSH which formed.
Detach yourself from the value of money - Mr. Pip
  • #44,509
  • Jan 25, 2019 4:07pm Jan 25, 2019 4:07pm
+109 on my first trade
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 125 KB
  • #44,510
  • Jan 25, 2019 4:44pm Jan 25, 2019 4:44pm
Quoting RussellShaw
Good evening everyone. Sorry guys, but I don't know how you achieve 70% or better of winning trades. Personally, I often have this kind of bullshit If someone has any advice, feel free to comment. {image}
I took that first loss too. It's been a tough month for me RussellShaw, I haven't been anywhere near 70% since last April/June.

January so far:

43 wins, 35 losers, 13 BEs
55% or 46% if you don't count BEs
1.36 to 1 w/l ratio
222 points
Avg 13 points / day

Someone asked me this week so I'll state it here too, I don't count my BE+1 or BE+2 or BE-1 or BE -2 in my w/l ratio.
So in effect, I've traded January 46% and 1.36 to 1 w/l ratio.
46% of the time I make $1.36
54% of the time I lose $1.00

Not great, but in the black.
  • #44,511
  • Jan 25, 2019 5:09pm Jan 25, 2019 5:09pm
Can we talk about this swing this weekend?
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 113 KB
  • #44,512
  • Edited 8:26am Jan 26, 2019 7:30am | Edited 8:26am
What do you guys think are the best instruments to use damians strategy? I know someone talks about it here somewhere, but i cant seem to find it!
  • #44,513
  • Jan 27, 2019 7:04am Jan 27, 2019 7:04am
Quoting Mr. Pip
OK Traders, I hear you guys are at times struggling to achieve that 70% and sometimes I do too. But there are 2 things that make that insignificant, Frequency, Are you taking your signals? Are you trying to filter out losses (PAIN)? We never know with complete certainty which expectations are going to fail. This is not your task. Your task is to trade as many as you can. I say as many as you can because, I know you will miss a couple of entries because price just did not correct to your area of interest or you just did not the trigger that puts...
Hello Mr. Pip,

May I ask you what is your average RR? Do it differ between your short-term and your longer-term trades?

Thank you.
  • #44,514
  • Jan 27, 2019 9:36am Jan 27, 2019 9:36am
Quoting bmdenton23
Can we talk about this swing this weekend? {image}
This is what I noticed when I zoomed out of the 144 tick chart.

On the 1597 tick chart I see the larger order flow taking a breather.
Then I redrew another possible ab=cd on the 1597 tick chart with a possible area to enter long at the light green dashed line.

By the way... I am back from my vacation. It looks like everyone was getting huge points. That is very awesome! Keep up the good work!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: YM 03-19 (1597 Tick).png Size: 84 KB
Click to Enlarge Name: YM 03-19 (1597 Tick) 1.png Size: 62 KB
Luck has no place in trading. Leave that for the poker table.
  • #44,515
  • Edited 10:03pm Jan 27, 2019 7:59pm | Edited 10:03pm
EUR/NZD Entry. Not ideal with such a large bar on entry, but now making NSL. Moving to BE and hoping for follow through to ABCD completion, which is well within ATR range.

Attached Image (click to enlarge)
Click to Enlarge Name: EUR - NZD Entry.PNG Size: 44 KB


Exited at 1.6634, as the trend stalled and high of prior candle was broke. Will look to re-load on a correction.

Attached Image (click to enlarge)
Click to Enlarge Name: EUR - NZD Exit.PNG Size: 39 KB


EUR/JPY Entry off the 382. We will see if we can get by 125.20 which has been strong resistance.

Attached Image (click to enlarge)
Click to Enlarge Name: EUR - JPY Entry.PNG Size: 38 KB


Tracking EUR/GBP Set Up around 0.8700. 382 and completing 1-1.

Attached Image (click to enlarge)
Click to Enlarge Name: EUR - GBP Set Up.PNG Size: 34 KB
Good work is the key to good fortune
  • #44,516
  • Jan 28, 2019 9:32am Jan 28, 2019 9:32am
Easy start to this trading day
+114
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 102 KB
  • #44,517
  • Jan 28, 2019 10:35am Jan 28, 2019 10:35am
Quoting bmdenton23
Easy start to this trading day +114 {image}
Clean trades. Congrats
  • #44,518
  • Jan 28, 2019 1:52pm Jan 28, 2019 1:52pm
today +45 (144t), +52 (233t), 1 BE
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-19 (233 Tick) 2019_01_28 (09_50_08 PM).png Size: 52 KB
  • #44,519
  • Jan 28, 2019 2:02pm Jan 28, 2019 2:02pm
Quoting Mr. Pip
{quote} He was close. Here is a chart to help {image}
Mr. Pip

From your chart in line marked "main swing":
Is 38% your criteria for a correction?
Is that the reason ignore the improper correction when evaluating the main swing?

NN
  • #44,520
  • Jan 28, 2019 2:16pm Jan 28, 2019 2:16pm
Attached Image (click to enlarge)
Click to Enlarge Name: F.US.YMH19 144 Trades #3 2019-01-28 12_12_05.946.png Size: 31 KB

Here are my four (4) trades today.
+ 45 after Comm.
6 traders viewing now