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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

  • #44,721
  • Feb 20, 2019 9:59am Feb 20, 2019 9:59am
Quoting Mr. Pip
{quote} 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.
I look forward to your review on it.


I imagine though.. Since you are a price action trader that you don't need all the bells and whistles. Just tick data and your fib drawing tools.. and of course the ability to draw shapes or lines.
Luck has no place in trading. Leave that for the poker table.
  • #44,722
  • Feb 20, 2019 10:09am Feb 20, 2019 10:09am
Quoting Pair-me-up
{quote} I look forward to your review on it. I imagine though.. Since you are a price action trader that you don't need all the bells and whistles. Just tick data and your fib drawing tools.. and of course the ability to draw shapes or lines.
Yes basically
If you fail to plan, you plan to fail.
  • #44,723
  • Feb 20, 2019 10:09am Feb 20, 2019 10:09am
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?
I've switched from Ninjatrader to Sierra and i'm more than happy with it,
while staying with Ninjatrader Brokerage. Same commissions. I use
the SC Data Feed which is very stable compared to CQG. I've set up CGQ FIX for execution only.
If you trade price action only there's maybe not the need for Sierra, but if
you want to have an excellent fully customisable DOM, Footprint, heatmap etc etc, you have everything
implemented and you don't need to pay third party vendors.
In general, you can customise everything in Sierra, although in the beginning it might be very overwhelming.
It's also much cheaper. One year license is around 230 bucks. Or monthly 33.
  • #44,724
  • Feb 20, 2019 10:12am Feb 20, 2019 10:12am
Quoting Mr. Pip
{quote} I have not used Sierra but some of the traders I'm working with use it and swear by it.
I swear it too ! and being a programmer, its awesome to code !
  • #44,725
  • Feb 20, 2019 10:18am Feb 20, 2019 10:18am
Thanks for the feedback guys.
If you fail to plan, you plan to fail.
  • #44,726
  • Feb 20, 2019 10:19am Feb 20, 2019 10:19am
Quoting pereiraalex
{quote} I swear it too ! and being a programmer, its awesome to code !
Hey that's awesome. I'm starting right now with C++ but it's quite hard to get into acsil as a beginner. Do you know any good resources to
find a smooth way into that?
  • #44,727
  • Feb 20, 2019 10:20am Feb 20, 2019 10:20am
These are my trades so far it's been one of those days. Timing has been a bit off lately.
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If you fail to plan, you plan to fail.
  • #44,728
  • Feb 20, 2019 10:22am Feb 20, 2019 10:22am
hello traders, my trade today on eur/usd.
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Time is an illusion, timing is an art.
  • #44,729
  • Feb 20, 2019 10:24am Feb 20, 2019 10:24am
Bat pattern GBP/JPY
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  • #44,730
  • Feb 20, 2019 10:29am Feb 20, 2019 10:29am
Quoting MarkStan
{quote} Hey that's awesome. I'm starting right now with C++ but it's quite hard to get into acsil as a beginner. Do you know any good resources to find a smooth way into that?
Mark,

Best resources is the open sources studies and code that sierra provides (sierra>acs_source). They do a decent job commenting their code so you can orient yourself. After you familiarize yourself with the syntax and framework, the Ascil codex on the sierra charts website is all you really need.

N.
  • #44,731
  • Feb 20, 2019 10:30am Feb 20, 2019 10:30am
i hope you don't mind me posting here
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  • #44,732
  • Feb 20, 2019 10:33am Feb 20, 2019 10:33am
Quoting Nik-Nyc
{quote} Mark, Best resources is the open sources studies and code that sierra provides (sierra>acs_source). They do a decent job commenting their code so you can orient yourself. After you familiarize yourself with the syntax and framework, the Ascil codex on the sierra charts website is all you really need. N.
Great! I didn't consider this. I was only trying to help myself with the documentation on the website.
Thank you!
  • #44,733
  • Feb 20, 2019 10:41am Feb 20, 2019 10:41am
Quoting MarkStan
{quote} I've switched from Ninjatrader to Sierra and i'm more than happy with it, while staying with Ninjatrader Brokerage. Same commissions. I use the SC Data Feed which is very stable compared to CQG. I've set up CGQ FIX for execution only. If you trade price action only there's maybe not the need for Sierra, but if you want to have an excellent fully customisable DOM, Footprint, heatmap etc etc, you have everything implemented and you don't need to pay third party vendors. In general, you can customise everything in Sierra, although in the beginning...

I don't know what SC Data feed is.

What are the 3rd party vendors that need to be paid with NinjaTrader8 I haven't bought it yet nor have a broker with them yet.

Maybe I should practice with Sierra. If it provides tick data and is a strong platform not to mention a better price, then I am all for that. Well the frugal, thrifty part of me likes a bargain. ha ha ha Do they also sell a life time license as well?

Thanks for the feed back MarkStan.
Luck has no place in trading. Leave that for the poker table.
  • #44,734
  • Feb 20, 2019 10:41am Feb 20, 2019 10:41am
Quoting LeanhoneyJD
i hope you don't mind me posting here {image}
Not at all, welcome
If you fail to plan, you plan to fail.
  • #44,735
  • Feb 20, 2019 10:47am Feb 20, 2019 10:47am
What a grind. +34 points
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If you fail to plan, you plan to fail.
  • #44,736
  • Feb 20, 2019 11:05am Feb 20, 2019 11:05am
-17 for me on 3 trades (-84 week)
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  • #44,737
  • Feb 20, 2019 11:09am Feb 20, 2019 11:09am
Quoting Pair-me-up
{quote} I don't know what SC Data feed is. What are the 3rd party vendors that need to be paid with NinjaTrader8 I haven't bought it yet nor have a broker with them yet. Maybe I should practice with Sierra. If it provides tick data and is a strong platform not to mention a better price, then I am all for that. Well the frugal, thrifty part of me likes a bargain. ha ha ha Do they also sell a life time license as well? Thanks for the feed back MarkStan.
It's a high quality data feed from sierra charts itself. Of course it provides tick data.
As I mentioned, for pure candlestick chart trading with fibs the only benefit is probably the price difference in case you have the lease lic.
If you have the lease licence and you want to use footprint, market profile , or anything useful regarding volume , you have to buy it from third party vendors.
If you spend the 999 for the lifetime lic. you get the volume tools, but they are still not as good and flexible as sierra's.
Also, I use a DOM, and the ninja DOM is pretty useless
  • #44,738
  • Feb 20, 2019 11:11am Feb 20, 2019 11:11am
Quoting Pair-me-up
{quote} I don't know what SC Data feed is. What are the 3rd party vendors that need to be paid with NinjaTrader8 I haven't bought it yet nor have a broker with them yet. Maybe I should practice with Sierra. If it provides tick data and is a strong platform not to mention a better price, then I am all for that. Well the frugal, thrifty part of me likes a bargain. ha ha ha Do they also sell a life time license as well? Thanks for the feed back MarkStan.
...I think there's no option for lifetime license.
You're welcome!
  • #44,739
  • Feb 20, 2019 11:23am Feb 20, 2019 11:23am
Broke even on demo account.
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  • #44,740
  • Feb 20, 2019 11:27am Feb 20, 2019 11:27am
Thanks for the feedback on Sierra Charts people.
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