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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

  • #44,641
  • Feb 8, 2019 5:02am Feb 8, 2019 5:02am
Quoting Mr. Pip
Here is the link to the live stream. Enjoy! https://youtu.be/Uv5MVAQf5q8
Thank you Damian once again for opening our minds and eyes!
I am looking forward to watching it dueing weekend with a more clear mind.
  • #44,642
  • Feb 8, 2019 8:22am Feb 8, 2019 8:22am
Quoting deachne
{quote} Great job today.. I am still not sure about rotation though.. Dont know if its just my screen when watching but I cant see your bars very well as they are dark black on black screen. I can follow your white cross hair good though.LOL - So I couldnt get a feel for rotation or decision bar. Anyway thanks and keep up the good work.
Here is a quick chart reference of rotation to add to when has already been shared.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-19 (233 Tick) 2019_02_07 (9_20_08 AM).png Size: 41 KB
If you fail to plan, you plan to fail.
  • #44,643
  • Feb 8, 2019 8:29am Feb 8, 2019 8:29am
Quoting Mr. Pip
{quote} Here is a quick chart reference of rotation to add to when has already been shared. {image}
Thanks for the Live Lesson and this visual.
Question: Do you only consider the only BODY of the candle to determine it new candle exceeds previous? i.e.,if the wick exceeded the previous Hi or Lo, is than an IMPROPER rotation?

NN
  • #44,644
  • Feb 8, 2019 10:05am Feb 8, 2019 10:05am
Thanks to you guys & all your advice, I did learn something from my mistake last week. And as Damian always said to us: we don't have to worry about loses at all. As long as we follow our plan we can take it all back.

Once again, thank you Damian.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-19 (144 Tick) 2019_02_08 (16_57_48).png Size: 72 KB
  • #44,645
  • Feb 8, 2019 10:40am Feb 8, 2019 10:40am
+25 Today
+75 on first trade. Traded it as a Gartley with 9 point stop. Everything went south from there, price and my P/L

Week
21 trades, 12 winners (3 be), 9 losers, 57%
1.44 to 1 w/l ratio
Avg Winner 26.44
Avg Loser 18.33
Total Points 76

2019
118 trades, 69 winners (20 be), 49 losers, 58%
1.31 to 1 w/l ratio
Avg Winner 42.12
Avg Loser 32.45
Total Points 492
Daily Pts Avg 19
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 130 KB
Click to Enlarge Name: Screenshot2.png Size: 131 KB
  • #44,646
  • Feb 8, 2019 11:06am Feb 8, 2019 11:06am
Quoting NNtrader
{quote} Thanks for the Live Lesson and this visual. Question: Do you only consider the only BODY of the candle to determine it new candle exceeds previous? i.e.,if the wick exceeded the previous Hi or Lo, is than an IMPROPER rotation? NN
The whole candle
If you fail to plan, you plan to fail.
  • #44,647
  • Feb 8, 2019 11:08am Feb 8, 2019 11:08am
Traded the ES today couple of back to back failures buy a -6 day pretty much BE.
Attached Image (click to enlarge)
Click to Enlarge Name: ES 03-19 (610 Tick) 2019_02_08 (12_03_38 PM).png Size: 95 KB
If you fail to plan, you plan to fail.
  • #44,648
  • Feb 8, 2019 2:08pm Feb 8, 2019 2:08pm
This was my YM trade today. (My time 18.00 = 12.00 US central time)
Attached Image (click to enlarge)
Click to Enlarge Name: aaa.jpg Size: 302 KB
  • #44,649
  • Feb 8, 2019 4:22pm Feb 8, 2019 4:22pm
Quoting Mr. Pip
{quote} Here is a quick chart reference of rotation to add to when has already been shared. {image}
Thanks for sharing .
  • #44,650
  • Feb 9, 2019 9:11am Feb 9, 2019 9:11am
Quoting Mr. Pip
{quote} The whole candle
Thank-you.
  • #44,651
  • Feb 9, 2019 11:27am Feb 9, 2019 11:27am
Quoting Mr. Pip
{quote} Thank you my friend for helping out
Thank-you both for posting that video.
NN
  • #44,652
  • Feb 9, 2019 7:25pm Feb 9, 2019 7:25pm
Reading with interest

My questions is: when prices get to the point of reversal would not be better to enter with a reversal pattern like a double top/bottom, a rising wedge, 3 pushes and so on...? (maybe on a smaller time frame).

How do we know it will reverse at .618 and not at .786? At 1.27 and not at 1.61? How do we know it will be a Gatley and not a Butterfly? Thanks.
trading is simple but is simple is not easy.
  • #44,653
  • Feb 9, 2019 11:14pm Feb 9, 2019 11:14pm
Quoting ZenNy
Reading with interest My questions is: when prices get to the point of reversal would not be better to enter with a reversal pattern like a double top/bottom, a rising wedge, 3 pushes and so on...? (maybe on a smaller time frame). How do we know it will reverse at .618 and not at .786? At 1.27 and not at 1.61? How do we know it will be a Gatley and not a Butterfly? Thanks.
when prices get to the point of reversal would not be better to enter with a reversal pattern like a double top/bottom, a rising wedge, 3 pushes and so on...?
That might be possible at a higher timeframe like 4H, but it would be a distraction for the 233T and below where you are constantly watching an orderflow to decifer price action and the difference between good and terrible R:R is in terms of 10s of seconds. Also, are you sure having a reversal pattern on a shorter timeframe would translate to a reversal in the higher timeframe. I would still say that the idea here is to have the odds in your favor and if you find that in your backtesting, then you could use it as a valid signal.

How do we know it will reverse at .618 and not at .786? At 1.27 and not at 1.61? How do we know it will be a Gatley and not a Butterfly?
We don't. The ratio by itself means very little for this method of trading - it gives you zones to then use with the other signals. But what we do know from Damian's system is to use Structure, Ratio and Orderflow together to bring the odds in the trader's favor.
  • #44,654
  • Feb 9, 2019 11:56pm Feb 9, 2019 11:56pm
Quoting pradlal
{quote} when prices get to the point of reversal would not be better to enter with a reversal pattern like a double top/bottom, a rising wedge, 3 pushes and so on...? That might be possible at a higher timeframe like 4H, but it would be a distraction for the 233T and below where you are constantly watching an orderflow to decifer price action and the difference between good and terrible R:R is in terms of 10s of seconds. Also, are you sure having a reversal pattern on a shorter timeframe would translate to a reversal in the higher timeframe. I would...
Pradlal

Thank you for your response, much appreciated.
Not sure what you mean for 233T, I guess is 233 ticks. My shorter time frame is the 5m.
Normally prices reverse with some kind of double top/bottom or any reversals. If I am looking at a pattern on the 5m I will look at the 1m to see what is happening there. When prices are trend travelling in a tight range I feel is risky to place a limit order at a calculated possible reversal level, then even a double top or any reversal pattern cannot be a good idea, but if prices are showing some kind of rising wedge (reversal pattern) on a smaller TF or the actual TF then I think it does make sense placing a limit order given enough space for a protective stop. Of course it does not guarantee but the probabilty can be a bit greater in our favour when PA is read properly. I think the same can be applied to decide if is Gartley a Butterfly or different kind of Fibo Ratio, personally I am only looking at .618, .786, 1.26 and 1.68.

Not sure what you mean for Orderflow....I guess I need to read the thread....only read one page....Thanks again.
trading is simple but is simple is not easy.
  • #44,655
  • Feb 10, 2019 5:59am Feb 10, 2019 5:59am
Analysis for week 6,
Working on the formation of the Shoulder Pattern, Head, Shoulder, in the h4 chart the right shoulder is forming,
Next support 1.14462, market opening price month of February, and trend line with support at point (B) of the Shark pattern (H4), 2018.11.28 08:00 -1.12669 A 2018.12.26 20:00 -1.13425, Once both the support and the trend line have been overcome, the formation of the pattern Man, Head, Shoulder will continue

Analysis for week 7,
Working on the formation of the Shoulder Pattern, Head, Shoulder, in the h4 chart the right shoulder is forming, On the part of there would be SMA of 199 periods, resist or support the small quarter of 1.13250, Fibonacci point 88.6%, of the Fibonacci of the right shoulder of the previous line, Line of trend of week making of resistance, objective line of support and great quarter of 1.13000, with the Fibonacci of week,
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EUR-USD (week 6).png Size: 149 KB
Click to Enlarge Name: EUR-USD-WEEK 7 (SEMANA 7).png Size: 146 KB
  • #44,656
  • Feb 10, 2019 6:17pm Feb 10, 2019 6:17pm
@Mr. Pip
Mr. Castilla,
I was wondering what Futures contract gives a trader the most value.
If I am going to get used to only one symbol it may as well be the one that gives the biggest bang for the buck!
  • #44,657
  • Feb 11, 2019 10:50am Feb 11, 2019 10:50am
5 trades
-34, +1, +45, +20, +1
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 113 KB
Click to Enlarge Name: Screenshot2.png Size: 120 KB
  • #44,658
  • Feb 11, 2019 11:02am Feb 11, 2019 11:02am
Quoting deachne
@Mr. Pip Mr. Castilla, I was wondering what Futures contract gives a trader the most value. If I am going to get used to only one symbol it may as well be the one that gives the biggest bang for the buck!
Well, that depend more on your accuracy and tolerance. I'm happy with the YM because it moves for the most part very nicely. The ES is a much bigger volume instrument and the leverage is grater.

We tie up $500 per contract on either, the YM is $5.00 per tick and the ES is $12.50 so you see the ES gives way more bang for your buck but if you are not on your game that can hurt you faster than it can help you.
If you fail to plan, you plan to fail.
  • #44,659
  • Feb 11, 2019 11:04am Feb 11, 2019 11:04am
Only two entries for me today a BE+5 and a 40 point winner. Not bad but not great either.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-19 (144 Tick) 2019_02_11 (11_57_34 AM).png Size: 52 KB
If you fail to plan, you plan to fail.
  • #44,660
  • Feb 11, 2019 1:07pm Feb 11, 2019 1:07pm
Quoting luisfd
Analysis f the Fibonacci of the right shoulder of the previous line, Line of trend of week making of resistance, objective line of support and great quarter of 1.13000, with the Fibonacci of week, {image} {image}
I don't know who messed up your chart. Just keep it simple. You don't need indicators
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