Ratios & Harmonics: a Different Way to Trade | Page 2268 | Forex Factory

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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

  • #45,341
  • Apr 3, 2019 9:30am Apr 3, 2019 9:30am
Break even day. Three trades. +4, +25, -29
Even in SIM I don't like to give back paper profits and exited early on the second trade.
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  • #45,342
  • Apr 3, 2019 9:50am Apr 3, 2019 9:50am
short
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  • #45,343
  • Apr 3, 2019 10:24am Apr 3, 2019 10:24am
Long. Exit early because of reasons within the overall orderflow, immediate harmonics and time/profits. Was targeting the overall (weak) NSH.
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  • #45,344
  • Apr 3, 2019 10:51am Apr 3, 2019 10:51am
Another losing day, back to demo trading for me.

Does anyone here trade a Real account?
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  • #45,345
  • Apr 3, 2019 11:57am Apr 3, 2019 11:57am
0 for 3 today with 2 failed rescues
Total -90
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  • #45,346
  • Apr 3, 2019 12:12pm Apr 3, 2019 12:12pm
Hello Traders, 1 Break Even, 2 Loss -40, In the blue circle, my SL has been activated much too quickly, I find that too often my SL is activated too quickly (the price is not even going to my SL). I think this trade should have ended with a successful Rescue Misssion... It annoys me en tabarnaque.
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Click to Enlarge Name: @US30 (34 Tick) 2019_04_03 (13_03_28)Mercredi.png Size: 80 KB
Time is an illusion, timing is an art.
  • #45,347
  • Apr 3, 2019 12:47pm Apr 3, 2019 12:47pm
One BE and then 38 points..not too bad.

The first trade looked very good at the beginning but then price turned really aggressively against me so I decided to put my position on BE.
In the second trade I entered a little early but I had good structure on the left and didn't want to miss out what seemed a great opportunity. It worked out well..
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Click to Enlarge Name: NQ 06-19 (89 Tick) 2019_04_03 (7_42_55 PM).png Size: 78 KB
  • #45,348
  • Apr 3, 2019 12:51pm Apr 3, 2019 12:51pm
done for today...
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  • #45,349
  • Apr 3, 2019 12:58pm Apr 3, 2019 12:58pm
so far my new demo....commissions are for realism
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  • #45,350
  • Apr 3, 2019 1:01pm Apr 3, 2019 1:01pm
Today was a pain in the xxxx. My setup is shown in the chart. Horizontal line was price high of my ref. swing, so wanted to trade a bigger 1:1. Price came to a nice area, so entered short. However, then pain train started and given my average entry price, I decided to switch to more immediate ordeflow in order finish this XXX. Box below right would have been my TP area. So left a lot on the table, but started to get concerned and I was too long in this trade.
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  • #45,352
  • Apr 3, 2019 2:22pm Apr 3, 2019 2:22pm
Update: Expected target would have been hit. I entered again (so could compensate a bit my early exit before), but trailed hard, so got taken out ealier. Anyway, I am happy that my analysis was right.
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  • #45,353
  • Apr 3, 2019 2:48pm Apr 3, 2019 2:48pm
last trade
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  • #45,354
  • Apr 4, 2019 5:59am Apr 4, 2019 5:59am
Quoting evocpr19
Update: Expected target would have been hit. I entered again (so could compensate a bit my early exit before), but trailed hard, so got taken out ealier. Anyway, I am happy that my analysis was right. {image}
Nice trades.

Good to see how you were watching price, thanks for sharing. I was looking at the overall NSH, while you traded, from my perspective, the correction of my ref swing. You basically went in where I went out. Both of our expectations played out perfectly in the end and both ways led to a profitable outcome. A very good example seeing two different approaches within the same context playing out well. Do you mind me asking why you decided to trade this setup, basically because your ref swing achieved the immediate NSL?
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  • #45,355
  • Apr 4, 2019 9:46am Apr 4, 2019 9:46am
so far
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  • #45,356
  • Apr 4, 2019 9:58am Apr 4, 2019 9:58am
Quoting Hansl
{quote} Nice trades. Good to see how you were watching price, thanks for sharing. I was looking at the overall NSH, while you traded, from my perspective, the correction of my ref swing. You basically went in where I went out. Both of our expectations played out perfectly in the end and both ways led to a profitable outcome. A very good example seeing two different approaches within the same context playing out well. Do you mind me asking why you decided to trade this setup, basically because your ref swing achieved the immediate NSL? {image}
Basically your reference swing told after that up move, that price will go higher. However, the correction was with a lot of strength and too much for the previous up move, so I thought that bears are more in control of price.

Hope this helps. I cannot post a chart, since I am not in front of my PC.
  • #45,357
  • Apr 4, 2019 10:01am Apr 4, 2019 10:01am
Quoting Velikov
so far {image}
Could you please explain how to use this fork drawn (which anchor points do you take) in your chart and how you use this for trading?
  • #45,358
  • Apr 4, 2019 10:18am Apr 4, 2019 10:18am
Quoting evocpr19
{quote} Could you please explain how to use this fork drawn (which anchor points do you take) in your chart and how you use this for trading?
My trade was From NSH To HL .... here is the price structure in yellow
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  • #45,359
  • Apr 4, 2019 10:35am Apr 4, 2019 10:35am
Hi all, felt pretty good about today. Third day trading live. I definitely could have done better but I can not complain about three winning trades. The last trade is sort of hard to see where I entered and exited because I averaged in and out.

Hope everyone killed it today!
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  • #45,360
  • Apr 4, 2019 10:53am Apr 4, 2019 10:53am
Quoting Velikov
{quote} My trade was From NSH To HL .... here is the price structure in yellow {image}
here is the sample trade in progress ...
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Click to Enlarge Name: YM 06-19 (233 Tick) 2019_04_04 (18_51_23 ч.).png Size: 83 KB
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