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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

  • #44,801
  • Feb 26, 2019 8:22am Feb 26, 2019 8:22am
Quoting Pair-me-up
We have a couple of hours before the New York Market opens. I thought a few of you might enjoy this piano music based on Fibonacci number. www.youtube.com/watch?v=IGJeGOw8TzQ (http://www.youtube.com/watch?v=IGJeGOw8TzQ)
Interesting what you can do with Fibbing.
  • #44,802
  • Feb 26, 2019 9:47am Feb 26, 2019 9:47am
How are you doing? For me it's look like there is nothing to do until price will go up or down. Am I right?
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-19 (233 Тик) 2019_02_26 (23_45_23).png Size: 44 KB
  • #44,803
  • Feb 26, 2019 10:16am Feb 26, 2019 10:16am
Quoting Ilia-
How are you doing? For me it's look like there is nothing to do until price will go up or down. Am I right? {image}
new structure high just hit

http://prntscr.com/mqfka6
  • #44,804
  • Feb 26, 2019 10:26am Feb 26, 2019 10:26am
Quoting LeanhoneyJD
{quote} new structure high just hit http://prntscr.com/mqfka6
There is very good rotation in your 1 MIN chart! I jumped in earlier but made +84 points

Waiting for correction to the AOI
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-19 (233 Тик) 2019_02_27 (0_26_55).png Size: 58 KB
  • #44,805
  • Feb 26, 2019 10:36am Feb 26, 2019 10:36am
+79 on 5 trades
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  • #44,806
  • Feb 26, 2019 10:39am Feb 26, 2019 10:39am
Trade of the month for me, although i did expect price to come to 25970, but rotation candle is there so i entered a little early.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-19 (144 Tick) 2019_02_26 (17_36_17).png Size: 55 KB
  • #44,807
  • Feb 26, 2019 7:32pm Feb 26, 2019 7:32pm
Hello traders, I was wondering if someone could help me understand this order flow. Is it a bit too long term? I am just having trouble making the judgement whether or not NSH or NSL has been made, because it depends on how far back left you look on the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: NQ 03-19 (500 Tick) 2019_02_26 (8_30_31 PM).png Size: 66 KB
  • #44,808
  • Feb 26, 2019 7:41pm Feb 26, 2019 7:41pm
Quoting spetscom
Hello traders, I was wondering if someone could help me understand this order flow. Is it a bit too long term? I am just having trouble making the judgement whether or not NSH or NSL has been made, because it depends on how far back left you look on the chart. {image}
You can't have a LH until you have made another NSL so your last LH shouldn't be labeled as such.

Based on your labels, your expectation for a NSL has failed as price has breached the LH near the blue arrow. However, on the more immediate orderflow price has made a NSL. Pick an orderflow to trade and set expectations and stops accordingly.
Process over outcome.
  • #44,809
  • Edited 2:50am Feb 27, 2019 2:28am | Edited 2:50am
Quoting bmdenton23
{image}
Hi,

Cool charts... Do you mind if I ask what is your average gain to risk in points? It seems most are 1:1?

Sorry B, I see you state this in your analysis.
  • #44,810
  • Feb 27, 2019 4:33am Feb 27, 2019 4:33am
Quoting JayTrader
{quote} Left click in the field(orange value) that you want to change type the new value and hit enter, make sure you have edit enabled, will be a box at top of spread sheet if not enabled , if nothing there no worries
I'm aware of how to update the cells but not sure what values to input in the cell. How do we come up with those values?
  • #44,811
  • Feb 27, 2019 8:36am Feb 27, 2019 8:36am
Quoting Aaron4X
{quote} Hi, Cool charts... Do you mind if I ask what is your average gain to risk in points? It seems most are 1:1? Sorry B, I see you state this in your analysis.
Aaron for the past quarter my average win is 43.92 and average loss is 33.56 or a 1.31 to 1 ratio.
Lately I've been playing smaller swing sizes but the ratio has remained pretty much the same.
  • #44,812
  • Feb 27, 2019 8:37am Feb 27, 2019 8:37am
I have a question... Now I should choose, if I consider B is a proper correction (just 2 points to Fib 38%) so my main swing is B-S, so now is Exp. Failure and looking for LONG. If I consider B is NOT proper correction (because it didn't reach 38%) so main swing is A-C and I should look for SHORT... I'm really confused.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-19 (233 Тик) 2019_02_27 (22_31_17).png Size: 40 KB
  • #44,813
  • Feb 27, 2019 8:49am Feb 27, 2019 8:49am
Quoting Ilia-
If I consider B is NOT proper correction (because it didn't reach 38%) so main swing is A-C and I should look for SHORT... {image}
Depends on your rules. I took it as a whole swing, but I am not bothering too much in getting into that short.
  • #44,814
  • Feb 27, 2019 8:53am Feb 27, 2019 8:53am
Quoting Ilia-
I have a question... Now I should choose, if I consider B is a proper correction (just 2 points to Fib 38%) so my main swing is B-S, so now is Exp. Failure and looking for LONG. If I consider B is NOT proper correction (because it didn't reach 38%) so main swing is A-C and I should look for SHORT... I'm really confused. {image}
It is my understanding that this is where the art and nuance of price action comes in. It is quite possible for both expectations to play out in these scenarios. You could get a NSH on the immediate order flow that is still within the bounds of A-C, followed by a NSL relative to A-C.

To me, the price action to the right of C looks more like a correction than a main swing.
  • #44,815
  • Feb 27, 2019 8:53am Feb 27, 2019 8:53am
Quoting Ilia-
I have a question... Now I should choose, if I consider B is a proper correction (just 2 points to Fib 38%) so my main swing is B-S, so now is Exp. Failure and looking for LONG. If I consider B is NOT proper correction (because it didn't reach 38%) so main swing is A-C and I should look for SHORT... I'm really confused. {image}
I'm short at 26024, playing it as A to C.
  • #44,816
  • Feb 27, 2019 8:56am Feb 27, 2019 8:56am
Quoting Ilia-
I have a question... Now I should choose, if I consider B is a proper correction (just 2 points to Fib 38%) so my main swing is B-S, so now is Exp. Failure and looking for LONG. If I consider B is NOT proper correction (because it didn't reach 38%) so main swing is A-C and I should look for SHORT... I'm really confused. {image}
Hi, here the answer to your question 1:39:00 https://www.youtube.com/watch?v=Iqs-JFw5QRM
Time is an illusion, timing is an art.
  • #44,817
  • Feb 27, 2019 8:57am Feb 27, 2019 8:57am
I'm also short at 26013, i had a proper rotation.
  • #44,818
  • Edited 9:11am Feb 27, 2019 8:58am | Edited 9:11am
Quoting JeanValJean.
{quote} Hi, here the answer to your question 1:39:00 https://www.youtube.com/watch?v=Iqs-JFw5QRM
Thank you, I will watch it later!

Add: yes< i saw this video not very long ago and I remember this case. But I believe I also saw that sometimes Damian takes such kind of correction when it is "barely achieve". Please correct me if I am wrong. This type of mechanical assessments is really very important. Also I remember when I was looking at history or Playback market I took this kind of correction (just achieved 38) and this force me in very immediate order flow with very short swings and high frequency... If it needs I can find an example when I will have time.
Thanks for help!
  • #44,819
  • Feb 27, 2019 9:16am Feb 27, 2019 9:16am
Just took +105 Are we so lucky or is it regular thing that sometimes happen in trading?

But now main swing is 140 points! Can somebody help, how we should deal with it now?
  • #44,820
  • Edited 9:30am Feb 27, 2019 9:17am | Edited 9:30am
Holy crap. I hope some of you guys caught that down move! I captured 126 points on my first trade and 21 points on an immediate order flow trade. I'll post my charts later!
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