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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

  • #44,701
  • Feb 17, 2019 9:34am Feb 17, 2019 9:34am
Quoting JeanValJean.
{quote} Hi, That's the way I see your chart. {image}
Thank you! The way you marked the chart makes a lot of sense and looks very clear. I think I was improperly identifying the main swing and I appreciate your time marking up my chart!
  • #44,702
  • Feb 18, 2019 1:08pm Feb 18, 2019 1:08pm
Quoting mtzimmer1
{quote} Thank you! The way you marked the chart makes a lot of sense and looks very clear. I think I was improperly identifying the main swing and I appreciate your time marking up my chart!
mtz you're trading the IOF and on that order flow I only see 1 entry that I would be a mistake according to my rules, and I've marked it on my chart.
I traded the 144T on Friday and I didn't take any of those trades due to either not liking the rotations or the rotations being too expensive or I just wasn't comfortable with the order flow. IF you're going to trade the immediate you might consider the 144T. I personally feel that the rotations on the 233T are typically too expensive for trading the IOF on the YM.
Attached Image (click to enlarge)
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  • #44,703
  • Feb 18, 2019 6:07pm Feb 18, 2019 6:07pm
Quoting bmdenton23
{quote} mtz you're trading the IOF and on that order flow I only see 1 entry that I would be a mistake according to my rules, and I've marked it on my chart. I traded the 144T on Friday and I didn't take any of those trades due to either not liking the rotations or the rotations being too expensive or I just wasn't comfortable with the order flow. IF you're going to trade the immediate you might consider the 144T. I personally feel that the rotations on the 233T are typically too expensive for trading the IOF on the YM. {image}
Thank you for your response! I always appreciate your charts and have learned quite a bit from your posts!
I guess it was just a rough day for trading the IOF and I got caught with losers while missing out on most of the winners.
Would you say your method of filtering out trades improves your overall expectancy? Would love to hear your opinion on filtering trades and how your entry rules differ from Damian's!

Thanks again bmdenton. I appreciate your help!
  • #44,704
  • Feb 19, 2019 9:23am Feb 19, 2019 9:23am
Hi all
I am looking for LONG about 25,860 on the YM
  • #44,705
  • Feb 19, 2019 9:32am Feb 19, 2019 9:32am
I am watching the price action. My bias is for the bears, however, with that strong sudden move up with power into my take profit area.. I am wondering if the bulls are going to attempt to take it a tad higher before the big boys start another major sell off on the bear team.
Luck has no place in trading. Leave that for the poker table.
  • #44,706
  • Feb 19, 2019 9:35am Feb 19, 2019 9:35am
Short
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-19 (1597 Tick).png Size: 46 KB
Luck has no place in trading. Leave that for the poker table.
  • #44,707
  • Feb 19, 2019 9:40am Feb 19, 2019 9:40am
Quoting NNtrader
Hi all I am looking for LONG about 25,860 on the YM
Well, it rotated at my level 38% and I bought but exited for -28 points.
  • #44,708
  • Feb 19, 2019 9:44am Feb 19, 2019 9:44am
Quoting NNtrader
{quote} Well, it rotated at my level 38% and I bought but exited for -28 points.
LONG again at 831. Missed the rotation from 815.
  • #44,709
  • Feb 19, 2019 9:58am Feb 19, 2019 9:58am
Quoting Pair-me-up
Short {image}
Pair-me-up what data feed are you using? Looks way different than my chart...
  • #44,710
  • Feb 19, 2019 10:21am Feb 19, 2019 10:21am
Quoting Flyboy1966
{quote} Pair-me-up what data feed are you using? Looks way different than my chart...
I am using NinjaTrader8
Luck has no place in trading. Leave that for the poker table.
  • #44,711
  • Edited 10:59am Feb 19, 2019 10:32am | Edited 10:59am
Quoting NNtrader
{quote} LONG again at 831. Missed the rotation from 815.
I had 90 point target but trailed under the short term LH and was taken out for only 6 points.

Good plan; poor execution
Attached Image (click to enlarge)
Click to Enlarge Name: 19Feb19.jpg Size: 126 KB
  • #44,712
  • Feb 19, 2019 11:08am Feb 19, 2019 11:08am
It wasn't pretty -67 on the day
Attached Image (click to enlarge)
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  • #44,713
  • Feb 19, 2019 12:35pm Feb 19, 2019 12:35pm
Quoting bmdenton23
It wasn't pretty -67 on the day {image}
Hello bmdenton23,

It was interesting comparing your chart (233)to mine (144). Your TZone is PST?
I am having a little trouble reconciling the high At ~9:00 on my chart. I am using Sierra Charts with CQG data feed.
  • #44,714
  • Edited 1:37pm Feb 19, 2019 12:41pm | Edited 1:37pm
YM at the fla tline for the day and I am short from 25,889

11:01 Edit
I don't like these Excursions above 25900.
11:24 It was difficult to hold this position but reacting to my last error of exiting too early but I was stopped at 25,922
  • #44,715
  • Feb 19, 2019 1:22pm Feb 19, 2019 1:22pm
Quoting NNtrader
{quote} Hello bmdenton23, It was interesting comparing your chart (233)to mine (144). Your TZone is PST? I am having a little trouble reconciling the high At ~9:00 on my chart. I am using Sierra Charts with CQG data feed.
Central time CST
The chart I posted would've ended around 8:35 your time.
  • #44,716
  • Feb 20, 2019 6:29am Feb 20, 2019 6:29am
Mr Pip

Have you moved over to Sierra Charts?
Can you comment on it in your next video please?
What are your thoughts on Sierra Charts?

I really love your videos, thank you so much.
JD
  • #44,717
  • Feb 20, 2019 8:23am Feb 20, 2019 8:23am
Quoting LeanhoneyJD
Mr Pip Have you moved over to Sierra Charts? Can you comment on it in your next video please? What are your thoughts on Sierra Charts? I really love your videos, thank you so much. JD
Hello, No I have not yet moved to Sierra, I plan to do so but there are still some things to do before I make that move.
If you fail to plan, you plan to fail.
  • #44,718
  • Feb 20, 2019 8:53am Feb 20, 2019 8:53am
Quoting LeanhoneyJD
Mr Pip Have you moved over to Sierra Charts? Can you comment on it in your next video please? What are your thoughts on Sierra Charts? I really love your videos, thank you so much. JD
There really is no comparison. It is powerful, fast and has many built-in features.
  • #44,719
  • Feb 20, 2019 9:29am Feb 20, 2019 9:29am
Quoting Mr. Pip
{quote} Hello, No I have not yet moved to Sierra, I plan to do so but there are still some things to do before I make that move.

What are the advantages of Sierra charts that you like? And will your broker be the same with the same commission per contract?
Luck has no place in trading. Leave that for the poker table.
  • #44,720
  • Feb 20, 2019 9:49am Feb 20, 2019 9:49am
Quoting Pair-me-up
{quote} What are the advantages of Sierra charts that you like? And will your broker be the same with the same commission per contract?
Yes same broker and commission. I have not used Sierra but some of the traders I'm working with use it and swear by it.
If you fail to plan, you plan to fail.
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