Ratios & Harmonics: a Different Way to Trade

Disregard this question Damian.

I was able to solve this issue by decreasing the minimum to my starting equity ($2000) and decreasing the delta to $1000.
The power of smooth and fixed ratio is really great. Thanks again!

I know most of you are trading the YM futures, similar to Damian. With the new E-mini micro coming out, that may entice me to give futures a try. However, I thought I would start posting some of my FOREX trade set ups and analysis, showing how I use this threads methodology. Which BTW is tremendous - thank you Damian for sharing.

I trade the H4 and H1 charts, so I am trading out on the larger time frames versus day trading. Most of my trades do carry over to the next day. To keep grounded to my trade plan, I use the enclosed analysis to stay focused. You all know how easy it is to get diverted. In my trade plan I am looking to trade with the trend based on expectations of NSH and NSL's. Once going, we will then use fib's, structure and ABCD patterns for entry. Analysis includes:

Weekly / Daily Chart Trend = I don't trade this order flow, but I use this for awareness of the main trend going on
H4 / H1 Order Flow Expectations = I like these to be aligned
Yearly / Monthly Open Prices = Another gauge of the main movement of the pair
H4 or Daily Trendline = Once this line is breached, I begin to think reversal. If it is maintained, keep going with the trend

For the EURNZD, below is the analysis.

1. We have a trendline which has been breached, so this trend is losing momentum. Also, the green box is a daily resistance level which is holding.
2. H4 we have a NSH, however the retracement has come all the way back to 100% of the Higher Low and has now produced a Lower High.
3. H1 has created a NSL week prior, now a NSH last week, which creates the ranging situation on H4.
4. In the area of the Higher Low, we have a support box, which also has the year open (magenta line) as added support.

Two options moving forward, support box holds and buy to play a range trade. Second, if the ABCD pattern on H4 completes, support box is broken with NSL on H4, then look to take the retracement of that move in anticipation of new trend starting back lower. If that takes place, the 38.2 of that pattern is around the year open price. We will see how it plays out next week.

AUDJPY - I really like this one because key support has been breached with the daily close to the flash crash day. If it can stay below the 75.40 area and begin to trend, there is not much in the way going down. This is shown on the daily pic below. Looking for a retracement back to the 38.2, which would be in the prior support area of 75.40.

hiya,


How is trading going on with this strategy?

Tnx

Got owned today. Folllowed my plan and didn't hesitate, sadly the trades did not work in my favor. Hope you all ended green today

hiya

what caused your loss? the strategy is complicated or you didn't execute professionally?

Tnx

My trading in May was breakeven with 29 points on YM. Commissions took most of that gain.
Today I used much larger stops and am down 133 points.
Done for the day.

Odds and probabilities caused my loss. I took both signals and both failed. Nothing more to do.

Hi, 4 trades, 2 loss: -40, 2 Win:+65.

Today was a great beginning of the month. Although I know I shouldn't have traded so aggressively I am very happy with the final result.

Today was my first day trading Futures Live. One contract of the ES today.

Long Term expectation was for a NSL, we traded up to the 50% retracement of the long term bearish swing.
At this point we had an expectation failure on the IOF. This is my favorite setup.
I entered short at the 50% with my stop above the swing high.
My target was the 50% of the long term retracement swing.
We hit this target and I trailed aggressively.
Somehow the market continued to freefall but I was very much not anticipating that extended downward move.

Results:
1 win
+3.9R

Had time and opportunity so I took another trade for +126 for a net loss of 7 points on the day. (YM)
I could have broken even but resisted the urge though I did trail aggressively when I got +80 points ahead.

Previous Trades posted above.

I Also sold 200 GLD (ETF) that I bought on 28 May (posted above). I used the Gold futures chart as a proxy for this trade.
I am still long 800 shares GLD in my retirement account, though just at BE. I have held for some time.

Hello, instead of asking such questions why don't you take some time to familiarize yourself with the content in the thread? I saw that you spammed on other threads the same question which leads me to believe that you are looking for an easy get rich quick system... well there ain't no such thing in this business but if you really take your time to read through the content of Mr.Pip (the creator of this thread) you'll find your way to success a lot easier than by asking "how's trading going on with this strategy"...

My regards for mr.pip, but I see no proper trader will reply to my diamond question unless you, as I'm willing not to answer you based on Mark Twine quote:
“Never argue with stupid people, they will drag you down to their level and then beat you with experience.” lol

― Mark Twain

I'm trying to help you and you're calling me stupid with a quote ...good way to show what kind of a person you are That's why no one will answer your question. Now do some work ...read up on the diamonds in this thread and if you have trouble understanding something you're welcome to ask ..but don't come asking for a "holy grail" on a silver platter without putting in the effort first.

1 trade today. Had a lot of things going for it but just didn't play out. Oh well. Next!

Bat pattern completed here as well to add confluence.

At the beginning I didn't want to trade today and I ended up doing the only thing I always try to avoid: chasing price.
My lack of discipline unfortunately still comes out every once in a while.

Then I found a good trade and managed to finish the day positive.

Rush2112, thanks for the posts. I only trade forex on the 1 hour timeframe. It's great to see some of your trading plan/thinking. Thanks for the share. I took May off, but will happily share here when I start trading again. Very much in learning mode still, using this excellent thread and all that is available when you look.

Back to the EURNZD. The support area has been breached and below yearly open price of 1.7057. We have an ABCD completing around 1.6975, so expecting a retrace back to our "area of interest" around the 50 or 61.8 fib level. Hoping price gives us an opportunity there to short.