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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

  • #44,681
  • Feb 14, 2019 9:28am Feb 14, 2019 9:28am
Quoting Pair-me-up
{quote} Out of my NQ trade at 7007.00
Got kicked out of some of my stops on the YM.

I see we got that little fake flash crash from the bears. I have re-entered long on the YM and the NQ.

I have an expectation dam it! And I expect price to follow suit! ha ha ha
Attached Image(s) (click to enlarge)
Click to Enlarge Name: YM 03-19 (240 Minute).png Size: 97 KB
Click to Enlarge Name: NQ 03-19 (240 Minute).png Size: 97 KB
Luck has no place in trading. Leave that for the poker table.
  • #44,682
  • Feb 14, 2019 10:36am Feb 14, 2019 10:36am
Made two more trades
lower case nsl is immediate structure
Done for today +39
One thing I need to work on is patience in taking a trade.
That was better today. Maybe i should not trade the first 1/2 hour and let things settle out a little more.

comments on the first 1/2 hour or trading?
Attached Image(s) (click to enlarge)
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  • #44,683
  • Feb 14, 2019 10:53am Feb 14, 2019 10:53am
3 trades today, +21, -4, +35
-----------------------------------------
Total +52 (week: +147)
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 130 KB
  • #44,684
  • Edited 12:59pm Feb 14, 2019 12:48pm | Edited 12:59pm
Took another two trades
-20 and +31
Done.
Edited Table
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 14Feb14_B.jpg Size: 170 KB
Click to Enlarge Name: Image1.png Size: 5 KB
  • #44,685
  • Feb 14, 2019 9:04pm Feb 14, 2019 9:04pm
Sometimes I seem to have trouble seeing where the move is going. This is a 144 tick chart YM today. Am I correct in thinking that this area is simply a "Complex Correction"?
Attached Image (click to enlarge)
Click to Enlarge Name: YM 2019.02.14.1900.PNG Size: 37 KB
  • #44,686
  • Feb 15, 2019 12:03am Feb 15, 2019 12:03am
Quoting Flyboy1966
Sometimes I seem to have trouble seeing where the move is going. This is a 144 tick chart YM today. Am I correct in thinking that this area is simply a "Complex Correction"? {image}
I would see it a bit different.
Attached Image
  • #44,687
  • Feb 15, 2019 12:18am Feb 15, 2019 12:18am
Quoting fxboss69
{quote} I would see it a bit different. {image}
Ahh, I get that... I think that makes a lot of sense.... thanks so much fxboss69
  • #44,688
  • Feb 15, 2019 12:22am Feb 15, 2019 12:22am
Quoting fxboss69
{quote} I would see it a bit different. {image}
fxboss you beat me to it. I see it the same as you, after the first NSL price retraced past the 38% fib which means any further lows would be a new NSL.
  • #44,689
  • Feb 15, 2019 10:54am Feb 15, 2019 10:54am
1 trade today +15

Week
11 trades, winners 9 (2 be), losers 2
82%
1.49 to 1 ratio
Avg winner 28.29
Avg loser 19
Total Points +162

Month (Feb)
33 trades, winners 22 (5 be), losers 11
67%
1.49 to 1 ratio
Avg winner 27.59
Avg loser 18.45
Daily Avg Points: 24.63
Total Points +271
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 114 KB
  • #44,690
  • Feb 15, 2019 11:26am Feb 15, 2019 11:26am
Quoting Pair-me-up
{quote} Got kicked out of some of my stops on the YM. I see we got that little fake flash crash from the bears. I have re-entered long on the YM and the NQ. I have an expectation dam it! And I expect price to follow suit! ha ha ha {image} {image}
The price action on the last day of the week confirmed my speculation that yesterday was a fake flash crash from the bears. Anyway, I am out of all of my long positions that I had been holding for 4 weeks and a day.

I started with a 15k account and finished with a 120k account. Well regardless of this trade. The harmonics work with the much larger order flows.

Have a nice weekend all.
Luck has no place in trading. Leave that for the poker table.
  • #44,691
  • Feb 15, 2019 11:50am Feb 15, 2019 11:50am
Quoting Flyboy1966
Sometimes I seem to have trouble seeing where the move is going. This is a 144 tick chart YM today. Am I correct in thinking that this area is simply a "Complex Correction"? {image}
That's the way I see it, if it can help. If I am wrong do not hesitate to correct.
A-B Main Swing. it is a weak new structure low. you expect deap or maybe complexe correction of the main swing
B-C Correction of A-B
C-D Correction of B-C
D-E When the price passes the red line it becomes a complex correction of AB. It's a NSH in immediate orther flow.
E-F The Market make a NSL in Immediate orther flow. When he passes the purple line. The immediate orther flow realigne on 144tick orther flow.
F-G Correction Of E-F, a expectetion Fail, you expect deap correction in they immediate orther flow. that's what you have at G.
Attached Image
Time is an illusion, timing is an art.
  • #44,692
  • Feb 15, 2019 11:46pm Feb 15, 2019 11:46pm
Quoting JeanValJean.
{quote} That's the way I see it, if it can help. If I am wrong do not hesitate to correct. A-B Main Swing. it is a weak new structure low. you expect deap or maybe complexe correction of the main swing B-C Correction of A-B C-D Correction of B-C D-E When the price passes the red line it becomes a complex correction of AB. It's a NSH in immediate orther flow. E-F The Market make a NSL in Immediate orther flow. When he passes the purple line. The immediate orther flow realigne on 144tick orther flow. F-G Correction Of E-F, a expectetion Fail, you...
Well, JeanValJean, what you have put forth does make sense to me, had to study that a bit... Lol's, but very cool, thanks
  • #44,693
  • Feb 16, 2019 12:37am Feb 16, 2019 12:37am
Hello, I've been searching thru the thread, which is massive, and I have not found Mr Pip's Trade Plan.... anyone have a link to that?
Thanks
  • #44,694
  • Feb 16, 2019 12:41am Feb 16, 2019 12:41am
Quoting Flyboy1966
Hello, I've been searching thru the thread, which is massive, and I have not found Mr Pip's Trade Plan.... anyone have a link to that? Thanks
Hello, you can find it here:

https://www.forexfactory.com/search.php?searchid=14816583
  • #44,695
  • Feb 16, 2019 1:37am Feb 16, 2019 1:37am
Quoting fxboss69
{quote} Hello, you can find it here: https://www.forexfactory.com/search.php?searchid=14816583
Says the link has expired....
  • #44,696
  • Feb 16, 2019 2:43am Feb 16, 2019 2:43am
Quoting Flyboy1966
{quote} Says the link has expired....

Try this https://www.forexfactory.com/showthread.php?p=10822802#post10822802

If that link doesn't work go to post 37586
  • #44,697
  • Feb 16, 2019 7:25am Feb 16, 2019 7:25am
Quoting Boh113
{quote} Try this https://www.forexfactory.com/showthread.php?p=10822802#post10822802 If that link doesn't work go to post 37586
Thank you, it worked fabulously .....
  • #44,698
  • Feb 16, 2019 10:20am Feb 16, 2019 10:20am
Hi all. Here's a screenshot of my Demo trades from yesterday. 1 win, 5 losses, 1 Break Even. I clearly have a lot of work to do and would appreciate everyone's help in addressing the mistakes and errors I made!

The light-colored boxes signify trades I took. A red arrow signifies a sell and a green arrow signifies a buy. The red lines signify where my stop was placed.

Thank you all for your time!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (6).png Size: 332 KB
  • #44,699
  • Edited 9:22pm Feb 16, 2019 10:46am | Edited 9:22pm
As I was preparing to confess to my poor adherence to my plan (and the principles of this thread) I found Damion’s trade plan and read the Mission Statement, Beliefs and Objectives sections. These important principles are universally absent from my trade plan. Focusing on the technical issues of trading and treating the emotional controls as less important resulted in not following the technical concepts I had endorsed.

In plain language, I let my feelings cloud my vision of the market. I certainly had intellectual knowledge to resist action but something more powerful within me prevailed. (I started to say drove me, but that sounds like I am blaming something other than myself which I am not).

I watched the market for 1 ½ hours pre-open and 30 minutes post open and could not find a entry. So I traded looking for "reversion to the mean" with losses on three consecutive shorts for a loss of 120 YM points.

Though this was not a disaster to my account, it was a battle lost battle for the day. I am solely accountable for this loss and more importantly, accountable for letting greed control my trading.

While I am posting this confession for myself, perhaps others can benefit from my acknowledgment.
  • #44,700
  • Feb 17, 2019 9:22am Feb 17, 2019 9:22am
Quoting mtzimmer1
Hi all. Here's a screenshot of my Demo trades from yesterday. 1 win, 5 losses, 1 Break Even. I clearly have a lot of work to do and would appreciate everyone's help in addressing the mistakes and errors I made! The light-colored boxes signify trades I took. A red arrow signifies a sell and a green arrow signifies a buy. The red lines signify where my stop was placed. Thank you all for your time! {image}
Hi, That's the way I see your chart.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (6).png Size: 349 KB
Time is an illusion, timing is an art.
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