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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

  • #44,741
  • Edited 11:58am Feb 20, 2019 11:38am | Edited 11:58am
I am finally break even for the day. I think I'll wait for Fed minutes.
10:55
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  • #44,742
  • Feb 20, 2019 5:05pm Feb 20, 2019 5:05pm
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?
Sorry for the late reply, like Nik-Nyc said, acs_source code in SierraCharts instalation folder is the best resource.
Also, the forums are extremely handy, as they have some code in there, and questions on how to do some stuff.

Also, the documentation is top notch. And better yeat, latest versions you can hot reload your dll code, so no more need to use freedll or restart SC !
  • #44,743
  • Feb 21, 2019 8:16am Feb 21, 2019 8:16am
Hi, after reading the comments yesterday. I wanted to try Sierra Chart. I let it download for the trial period. There is a huge difference between the 2 charts of Ninja Trader and Sierre Chart in 144 tick chart.
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Click to Enlarge Name: EURUSD [M] 144 Trades #3 2019-02-21 14_05_31.270.png Size: 38 KB
Time is an illusion, timing is an art.
  • #44,744
  • Feb 21, 2019 8:22am Feb 21, 2019 8:22am
Quoting JeanValJean.
Hi, after reading the comments yesterday. I wanted to try Sierra Chart. I let it download for the trial period. There is a huge difference between the 2 charts of Ninja Trader and Sierre Chart in 144 tick chart. {image} {image}
Which range bar type did you try? I played with Sierra chart over the weekend and I don't recall which range bar type you want, but the its not the one that seems most obvious. I would play around with those since I noticed the same thing. I was able to find one that did match.
  • #44,745
  • Feb 21, 2019 8:25am Feb 21, 2019 8:25am
First trade was only 22 points. But I have so much trouble getting through 25900 n matter waht side I am on I covered with the rotation bar at 25905-25911.

Also don't hold a position through the market open so I need a good place to exit.
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  • #44,746
  • Feb 21, 2019 8:51am Feb 21, 2019 8:51am
Here is a 240 minute chart which show some really strong structure in the area we are in right now.

Comments?
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  • #44,747
  • Feb 21, 2019 8:55am Feb 21, 2019 8:55am
Ok Traders, sorry not much time for me today but found 2 quick trades for +75 points
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If you fail to plan, you plan to fail.
  • #44,748
  • Feb 21, 2019 8:55am Feb 21, 2019 8:55am
Quoting JeanValJean.
Hi, after reading the comments yesterday. I wanted to try Sierra Chart. I let it download for the trial period. There is a huge difference between the 2 charts of Ninja Trader and Sierre Chart in 144 tick chart. {image} {image}
That's because you're using FX data which doesn't have TRUE tick data. Forex is a DEcentralized market so there's no way to count the actual transactions (ticks) .. try and compare futures charts...for example 6E ( EUR/USD futures ) and use the 144 tick chart on that.
  • #44,749
  • Feb 21, 2019 9:00am Feb 21, 2019 9:00am
I will start to get more active here next week and we will also have a live stream coming towards the later part of next week. so stay tuned.
If you fail to plan, you plan to fail.
  • #44,750
  • Feb 21, 2019 9:02am Feb 21, 2019 9:02am
Hey guys, I was wondering if you could help me out with some issues I am having. I am kind of getting stuck in analysis paralysis, and it is impeding my performance. I would have netted 20 points minimum today on the NQ based on the order flow expectation, but I couldn't help but think that the market was about to reverse, so I sat on my hands. The market proceeded to go down about 60 points from where I wished to enter short. I got wrapped up in analysis paralysis and I ended up screwing myself out of good profits today. I also think I try to wait for too good of an entry, and that impedes performance, I have found myself hesitating more than usual too. I don't know why this has come about...
  • #44,751
  • Feb 21, 2019 9:03am Feb 21, 2019 9:03am
Quoting Mr. Pip
Ok Traders, sorry not much time for me today but found 2 quick trades for +75 points {image}
why you didn't took a trade from that area ?
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  • #44,752
  • Feb 21, 2019 9:13am Feb 21, 2019 9:13am
Quoting vladutz112
{quote} why you didn't took a trade from that area ? {image}
The risk reward would not be good in that area for Mr. Pips rules. Look at the Main swing just before your yellow circle. And the retrace doesn't even get to the 50% or higher. So it wold be a great risk. I could be wrong though. If I am sorry.
Luck has no place in trading. Leave that for the poker table.
  • #44,753
  • Feb 21, 2019 9:22am Feb 21, 2019 9:22am
Quoting spetscom
Hey guys, I was wondering if you could help me out with some issues I am having. I am kind of getting stuck in analysis paralysis, and it is impeding my performance. I would have netted 20 points minimum today on the NQ based on the order flow expectation, but I couldn't help but think that the market was about to reverse, so I sat on my hands. The market proceeded to go down about 60 points from where I wished to enter short. I got wrapped up in analysis paralysis and I ended up screwing myself out of good profits today. I also think I try to wait...
Let go of the fear. Stop using phraseology that is harmful to your analysis and your process. The work reversal is a word you need to eliminate from your vocabulary. Price corrects it never reverses. This is a term used by retail traders and I'm embarrassed to say some market professionals as well but let's call things as they are a correction in price. There is also no such thing as over bought or over sold instead the market is over extended and due to correct. By using realistic and logical terminology we can be in a better trading state. Trade the expectation of your order flow and have fun. You will not always win but by keeping your frequency up you will reach your promised land.
If you fail to plan, you plan to fail.
  • #44,754
  • Feb 21, 2019 9:23am Feb 21, 2019 9:23am
Quoting vladutz112
{quote} why you didn't took a trade from that area ? {image}
I thought price would correct deeper and the RR was not optimal.
If you fail to plan, you plan to fail.
  • #44,755
  • Feb 21, 2019 9:24am Feb 21, 2019 9:24am
Little by little my box drawing skills are advancing with some solid rules that are not subjective.

I got say thanks to Mr. Pip for using this concept in his videos and live streams.
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Click to Enlarge Name: YM 03-19 (233 Tick).png Size: 38 KB
Luck has no place in trading. Leave that for the poker table.
  • #44,756
  • Feb 21, 2019 9:54am Feb 21, 2019 9:54am
Quoting Mr. Pip
Ok Traders, sorry not much time for me today but found 2 quick trades for +75 points {image}
I appreciate seeing these trades as I avoided this period. Looking back they look like great opportunities I lost. I have shied away from the first 30 minutes of the stock market session--waiting for things to settle down.
  • #44,757
  • Feb 21, 2019 10:03am Feb 21, 2019 10:03am
Quoting Pair-me-up
Little by little my box drawing skills are advancing with some solid rules that are not subjective. I got say thanks to Mr. Pip for using this concept in his videos and live streams. {image}
Update on my short.

If / When we pass 25814, then the bears are going really start rock'in out.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-19 (233 Tick).png Size: 38 KB
Luck has no place in trading. Leave that for the poker table.
  • #44,759
  • Feb 21, 2019 10:12am Feb 21, 2019 10:12am
Quoting spetscom
Hey guys, I was wondering if you could help me out with some issues I am having. I am kind of getting stuck in analysis paralysis, and it is impeding my performance. I would have netted 20 points minimum today on the NQ based on the order flow expectation, but I couldn't help but think that the market was about to reverse, so I sat on my hands. The market proceeded to go down about 60 points from where I wished to enter short. I got wrapped up in analysis paralysis and I ended up screwing myself out of good profits today. I also think I try to wait...
Hello spetscom,
I think following your trade plan very strictly can help you lessen the fears that are causing your hesitation. For me, once I have an expectation I simply draw my fibs, structure and any harmonics, and measure where price needs to correct to in order for me to be able to put on a positive risk:reward trade with room to protect and at a risk level that fits my plan. If price gets to that area and shows rotation (regardless of if it is SOS 1, 2 or 3) I enter the trade. I don't hesitate because I have an edge AND a positive R:R. I consider not taking a trade that fits my system as a trading error since it negatively affects my expectancy in the long run.
Process over outcome.
  • #44,760
  • Feb 21, 2019 10:25am Feb 21, 2019 10:25am
Quoting Pair-me-up
{quote} Update on my short. If / When we pass 25814, then the bears are going really start rock'in out. {image}
The bulls are really defending the zone that I have market near the bottom of this range on the 233 tick chart.
Attached Image (click to enlarge)
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Luck has no place in trading. Leave that for the poker table.
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