Ratios & Harmonics: a Different Way to Trade | Page 2263 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

"Ratios & Harmonics: a Different Way to Trade." Summary 37 replies

Learning to trade with harmonics 11 replies

Time for Change - Pivots & Harmonics to freedom 67 replies

180 reasons to trade Harmonics and Patterns 13 replies

Group Trading based on Elliott wave and Harmonics 0 replies

Attachments: Ratios & Harmonics: a Different Way to Trade
Exit Attachments

Ratios & Harmonics: a Different Way to Trade

  • #45,241
  • Mar 26, 2019 11:29am Mar 26, 2019 11:29am
2 trades today, +1 and +23 on a semi-Gartley....
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 127 KB
  • #45,242
  • Mar 26, 2019 11:31am Mar 26, 2019 11:31am
Quoting Pair-me-up
I have now recovered my losses, plus some. {image}
Update on my intraday short
Attached Image (click to enlarge)
Click to Enlarge Name: YM 06-19 (233 Tick).png Size: 40 KB
Luck has no place in trading. Leave that for the poker table.
  • #45,243
  • Mar 26, 2019 11:34am Mar 26, 2019 11:34am
Attached Image (click to enlarge)
Click to Enlarge Name: 2019.03.26 YM.png Size: 157 KB
  • #45,244
  • Mar 26, 2019 11:49am Mar 26, 2019 11:49am
Someone please tell me they rode this baby all the way down
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_1.png Size: 31 KB
  • #45,245
  • Mar 26, 2019 12:01pm Mar 26, 2019 12:01pm
Quoting Offujimori
{quote} Considering the order flow amplitude you are trading, It seems you left 2 trades fly away! They would prob help ! "Keep the frequency of trades according to the order flow you choose" Aaand... I know how you feel.. Got stopped out 2 days in a row hehe
I know what you meant. I was torn on the last trade bcuz i have to change the OF, couldn't afford the first OF I traded xD. That's the price I have to pay ). Anyway, I feel like I fail to immerse with the market recently. I really have to review everything I did to see where I went wrong
  • #45,246
  • Mar 26, 2019 12:30pm Mar 26, 2019 12:30pm
One trade today. Had plenty of reasons to take it, but the market did not want to cooperate. Next!
Attached Image (click to enlarge)
Click to Enlarge Name: 3.26.19.png Size: 273 KB
  • #45,247
  • Mar 26, 2019 12:42pm Mar 26, 2019 12:42pm
Quoting Pair-me-up
{quote} Update on my intraday short {image}
I am still in this short. I might have to make this a swing trade. Who knows.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 06-19 (233 Tick).png Size: 41 KB
Luck has no place in trading. Leave that for the poker table.
  • #45,248
  • Mar 26, 2019 12:53pm Mar 26, 2019 12:53pm
Quoting Pair-me-up
{quote} I am still in this short. I might have to make this a swing trade. Who knows. {image}
Trailing aggressively as it is past my bed time and I want to get some sleep. I have a big day later in the morning.. So, I won't get much needed sleep.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 06-19 (233 Tick).png Size: 40 KB
Luck has no place in trading. Leave that for the poker table.
  • #45,249
  • Mar 26, 2019 12:59pm Mar 26, 2019 12:59pm
Quoting Pair-me-up
{quote} Trailing aggressively as it is past my bed time and I want to get some sleep. I have a big day later in the morning.. So, I won't get much needed sleep. {image}
I really am waiting for it to hit my stop.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 06-19 (233 Tick).png Size: 40 KB
Luck has no place in trading. Leave that for the poker table.
  • #45,250
  • Mar 26, 2019 1:02pm Mar 26, 2019 1:02pm
Quoting Pair-me-up
{quote} I really am waiting for it to hit my stop. {image}
Finally got taken out at the red line.

This intraday short trade that just finished was +206

Good night all. Sweet dreams.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 06-19 (233 Tick).png Size: 39 KB
Luck has no place in trading. Leave that for the poker table.
  • #45,251
  • Edited 2:04pm Mar 26, 2019 1:37pm | Edited 2:04pm
First trade was BE because I protected too early. I wasn't sure about taking this trade because PA didn't seem too strong but I decided to do it anyway, that's why the urge to protect fast.

In the second trade on YM I decided to trail a little less aggressively and instead of starting trailing at the 270 (as I usually do) I decided to put my stop on the top of the latest swing. Unfortunately I got stopped out by one point..

Just 14 points for me today, it could have been better. Especially because I feel I could have traded more. I'll keep working on it..

Last image is my last two trades for the day..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NQ 06-19 (89 Tick) 2019_03_26 (7_26_57 PM).png Size: 48 KB
Click to Enlarge Name: YM 06-19 (89 Tick) 2019_03_26 (7_36_59 PM).png Size: 75 KB
Click to Enlarge Name: YM 06-19 (89 Tick) 2019_03_26 (8_03_07 PM).png Size: 92 KB
  • #45,252
  • Mar 26, 2019 1:45pm Mar 26, 2019 1:45pm
Quoting Pair-me-up
{quote} Finally got taken out at the red line. This intraday short trade that just finished was +206 Good night all. Sweet dreams. {image}
See, like this trade right here. If I remember correctly, the market was not expecting a NSL at the time of your entry. I am wondering what makes you place these trades. I understand you say PRZ, but would you mind showing a longer term chart where you are seeing these PRZ'? I ask because it is like you are a WIZARD. You go long and the market just rockets upwards, and then you get short as it exhausts and capitalize on the way down. A goal of most aspiring traders (To capture both sides of the move). If you wouldn't mind, could you explain your process leading up to this trade? Is it a long-term orderflow, using the lower tick chart for entry?
  • #45,253
  • Mar 26, 2019 1:55pm Mar 26, 2019 1:55pm
I feel like I had a revelation today. I have been reading Jordan Petersons : 12 Rules For Life - An Antidote to Chaos. While it may sound like one of those Tony Robbins, YOU CAN DO ANYTHING JUST BELIEVE! It is actually quite the opposite. It addresses a lot of psyche issues we have as humans. One thing that really caught my attention was what are you aiming for? I realized that I didn't really have an aim in my trading, and that I had a negative viewpoint regarding my executions. Executing has always been my issue. I changed my aim from being scared of executing to the following:
What would be a positive viewpoint regarding placing trades…? I know that this trade has a 70% chance of working out, and if I don’t click this button, I must simply be a fool who wants to inflict suffering on myself. Trust the plan. Then I click the button.

I have wrote much more, but I feel as if I have finally overcome my issues with execution, it took a lot of digging into my psyche and using writing as the medium to express my thoughts. I actually didn't even buy this book to help with my trading whatsoever, but the book made me think about nearly every aspect of my life. I just wanted to share this with you guys.
  • #45,254
  • Mar 26, 2019 3:02pm Mar 26, 2019 3:02pm
not a bad day
Attached Image (click to enlarge)
Click to Enlarge Name: YM 06-19 (144 Tick) 2019_03_26 (22_00_47 ч.).png Size: 61 KB
  • #45,255
  • Mar 26, 2019 6:51pm Mar 26, 2019 6:51pm
Quoting spetscom
{quote} See, like this trade right here. If I remember correctly, the market was not expecting a NSL at the time of your entry. I am wondering what makes you place these trades. I understand you say PRZ, but would you mind showing a longer term chart where you are seeing these PRZ'? I ask because it is like you are a WIZARD. You go long and the market just rockets upwards, and then you get short as it exhausts and capitalize on the way down. A goal of most aspiring traders (To capture both sides of the move). If you wouldn't mind, could you explain...
First, thanks for the compliment about me being a WIZARD. What a charmer you are. ha ha ha

Just over a year ago, I typed up some notes and posted them. These notes are from the lessons that Mr.Pip posted on his youtube channel(s). And I also read the the first two volumes of the Scott Carney Harmonic trader books. And I read some of the YTC books from Lance Beggs.

Mr.Pip has some great longer term charts with detailed explanation and I myself have posted many long term charts from the beginning of this year. So you are free to look at my charts. However, I think if you look at Mr. Pips charts first, then you will see how I have learned from Master Pip. By the way. Mister/Mr. Actually mean Master in English. Have a great day and I hope my answer was sufficient. If not ..I did my best. oh... and I am not a pro. I am still Mr.Pip's student too.
Luck has no place in trading. Leave that for the poker table.
  • #45,256
  • Mar 27, 2019 2:12am Mar 27, 2019 2:12am
Quoting spetscom
I feel like I had a revelation today. I have been reading Jordan Petersons : 12 Rules For Life - An Antidote to Chaos. While it may sound like one of those Tony Robbins, YOU CAN DO ANYTHING JUST BELIEVE! It is actually quite the opposite. It addresses a lot of psyche issues we have as humans. One thing that really caught my attention was what are you aiming for? I realized that I didn't really have an aim in my trading, and that I had a negative viewpoint regarding my executions. Executing has always been my issue. I changed my aim from being scared...
I think about " psychology " like this which actually is the mind < nothing religious or the truth about the world etc....

there we 2 mind when we are trading , the first that always come was Feeling , the second was Thinking

the first mind will tell you " ohh this trade look like ... ... ... " , then your Thinking mind was thinking base on your first mind which is feeling , because i my mind tell me i have this " feel " toward the price , so i will do this and that

instead what we should really do , was using the Thinking mind to see the fact on the price chart and do the decision , if you see this then you do that.

an example will be Does Chicken has 3 leg? - your feeling mind straight away tell you NO
then Does Chicken has 4 leg? - this time , your feeling mind cant work straight away and you goes to your Thinking mind and then get the answer NO.
the reason behind this is because most animal dont have 3leg ( or no animal does? then it was very fast for the brain to process , while alot of animal has 4 leg , thus you need to " think " abit first before you can answer ) , not a very great example but it was one.

just my thought on psychology for trading and hope this does do some help for everyone.
  • #45,257
  • Mar 27, 2019 5:42am Mar 27, 2019 5:42am
Quoting spetscom
{quote} See, like this trade right here. If I remember correctly, the market was not expecting a NSL at the time of your entry. I am wondering what makes you place these trades. I understand you say PRZ, but would you mind showing a longer term chart where you are seeing these PRZ'? I ask because it is like you are a WIZARD. You go long and the market just rockets upwards, and then you get short as it exhausts and capitalize on the way down. A goal of most aspiring traders (To capture both sides of the move). If you wouldn't mind, could you explain...
From my perspective, medium term price looked bearish" Here are some confluences you could have conjured (https://www.synonyms.com/synonym/conjured):

Attached Image (click to enlarge)
Click to Enlarge Name: YM_Confluence.png Size: 53 KB
  • #45,258
  • Mar 27, 2019 7:15am Mar 27, 2019 7:15am
Took this short and scaled in a couple extra position.

I had to go out to dinner with my lovely wife. So my stop got hit while I was out for +61 points.

Now waiting for the New York open.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 06-19 (233 Tick).png Size: 41 KB
Luck has no place in trading. Leave that for the poker table.
  • #45,259
  • Mar 27, 2019 7:17am Mar 27, 2019 7:17am
[quote=spetscom;12159184]I feel like I had a revelation today...... Then I click the button.

I think the more we click the button executing on our setup, the less we fear (False Expectations Appearing Real). Then we eventually get more positive expectations emotionally that overwhelm the negative ones..... I think I wrote what I mean.... but?
  • #45,260
  • Mar 27, 2019 7:41am Mar 27, 2019 7:41am
3 premarket trades 1 contra-trend, 2 expectation failure, 3 HL expectation for NSH
Attached Image (click to enlarge)
Click to Enlarge Name: YM 06-19 (144 Tick) 2019_03_27 (14_37_10 ч.).png Size: 45 KB
74 traders viewing now