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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

  • #45,721
  • Jun 26, 2019 7:52am Jun 26, 2019 7:52am
Quoting ForeverNewb
Hello, that's it I am getting sick of filtered tick data from brokers. It is like reading a book with missing pages, makes it sooo much harder. anyone could give me some advices about ways to get live data for futures DOW and DAX? available to UK residents, without the need of massive deposit, allowing tick charts with NT (or other charting solution if you have?). thx
Hello, https://www.tradingview.com/ (https://www.tradingview.com/)But there is no tick chart.
Time is an illusion, timing is an art.
  • #45,722
  • Edited 9:09am Jun 26, 2019 8:28am | Edited 9:09am
Quoting JeanValJean.
{quote} Hello, https://www.tradingview.com/ (https://www.tradingview.com/)But there is no tick chart.
Ha, that's cool, already better than the one I had. Thx!
Edit: Looks like data are delayed 10 min.

Still would like advice about tick charts if anyone has.
  • #45,723
  • Jun 26, 2019 9:26am Jun 26, 2019 9:26am
All, Attached shows my Area of Interest (AoI) for the my first attempt this morning.
Price did not reach this level so no trade.
I (personally) did not foresee the '627 as a potential AoI.
Any comments. Did anyone take the short at 627 and why or why not?

Now that price is making an NSL, I may look at '617 for a short.

Thanks.
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  • #45,724
  • Edited 10:37am Jun 26, 2019 9:33am | Edited 10:37am
Short at '626

Moved to BE @ +20
11:25 EDT (8:28 PDT)
new chart _3
11:31 After all that, I lost internet connection but I did Buy to Close @ 626 for BE.

I appreciate critique on this trade.
8:34 Final Chart
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  • #45,725
  • Edited 11:00am Jun 26, 2019 9:36am | Edited 11:00am
ABCD, Break Even at the 38.2 Fib. Out+5
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Time is an illusion, timing is an art.
  • #45,726
  • Edited 12:49pm Jun 26, 2019 11:13am | Edited 12:49pm
I am re-enter, break even. out+5
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Time is an illusion, timing is an art.
  • #45,727
  • Jun 26, 2019 4:32pm Jun 26, 2019 4:32pm
Yesterday's YM trades. Got in way to early on my failed rescue loss. -12, +18, -56, -28, +88, +7

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Good work is the key to good fortune
  • #45,728
  • Jun 26, 2019 4:41pm Jun 26, 2019 4:41pm
Today's trades on YM - +2, -7, +19, +36. Struggled to get good rotation candles in my zones most of the day. Seemed like every major turn of price there was a wick where the current rotation candle traded above / below the previous. Out the rest of this week and back in the saddle on Monday.

Attached Image (click to enlarge)
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Good work is the key to good fortune
  • #45,729
  • Jun 26, 2019 7:09pm Jun 26, 2019 7:09pm
In the single trade I took today, I tried to give real time thoughts and charts while I traded. See posts above.

Quoting NNtrader
Short at '626 Moved to BE @ +20 11:25 EDT (8:28 PDT) new chart _3 11:31 After all that, I lost internet connection but I did Buy to Close @ 626 for BE. I appreciate critique on this trade. 8:34 Final Chart {image} {image} {image}
Although I did manage a BE, the trade would have worked if I had enough time to trade it. I was trying the intermediate OF and it finally did reach 1:1 without exceeded my initial stop above @26666 just above my AoI. I moved to a BE STOP when my available time got close. I struggle with having enough time for trades to pan out.
  • #45,730
  • Jun 26, 2019 8:25pm Jun 26, 2019 8:25pm
NZDJPY 4HR
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  • #45,731
  • Edited 7:20pm Jun 27, 2019 2:43pm | Edited 7:20pm
Bearish Gartley, break even at the 38% Fib.... The market has changed direction, I'm out....
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Time is an illusion, timing is an art.
  • #45,732
  • Jun 28, 2019 8:22am Jun 28, 2019 8:22am
My best trade (of 3) yesterday ended with this + 61 points as price got to my AoI.
I trailed this trade aggressively.
Net for day was +50.
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  • #45,733
  • Jun 28, 2019 9:43am Jun 28, 2019 9:43am
First trade on the YM
I was expecting deeper correction on the first retracement.
I waited until price got to my AoI and shorted @ 26575
I trailed the stop.
net +16 points
Going to breakfast
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  • #45,734
  • Jun 29, 2019 7:48am Jun 29, 2019 7:48am
Quoting NNtrader
First trade on the YM I was expecting deeper correction on the first retracement. I waited until price got to my AoI and shorted @ 26575 I trailed the stop. net +16 points Going to breakfast {image}
Very nice trade looking at the alignment of both the immediate swings and the larger swings. This will get you very far in my humble opinion.
  • #45,735
  • Jun 29, 2019 11:04am Jun 29, 2019 11:04am
Quoting mtzimmer1
{quote} Very nice trade looking at the alignment of both the immediate swings and the larger swings. This will get you very far in my humble opinion.
Thank-you, but in the interest of full disclosure...

...attached is my concluding trade. I bought at my AoI with good rotation, and on a pull back to 61.8 (Buy@26591). The trade went south in my allotted time. I attempted a rescue and I took another trade (Buy@26574). I felt good about this as it had higher R:R. But I was running out of time to trade (one of my issues). I covered one at 26584 (BE for the two trades) and thought I covered the other later. But (I was trading on a web based platform while looking at Sierra Charts) and did not get my market order executed. Based on the confirmation and my postmortem , I covered on my stop at 26563 for net -19 points on the two trades.

I know this is a rookie mistake and it it not the first one I have made with this (terrible) platform. But I am blaming it on a combination of the platform AND MY lack attention and verification of the confirmation.

Postmortem on the trade:
Setup and execution were both good.
A rare use of Rescue was also good.
I did not allot enough time for this trade and had to end it early. I need to work on this.
The trade would not have worked even with more time as my stop wold have been hit anyway.
I tried for a graceful exit but was tripped up with the platform.
This loss is hard to swallow since I followed my rules and thought I was BE on the pair of trades.

Thanks for your comment because it forced me to verbalize my error, though I was planning on posting this trade anyway.
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  • #45,736
  • Jul 1, 2019 1:18pm Jul 1, 2019 1:18pm
Just one trade for the day..
Attached Image (click to enlarge)
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  • #45,737
  • Jul 1, 2019 3:07pm Jul 1, 2019 3:07pm
4 Trades on YM today - 34, +57, +1, +1

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Good work is the key to good fortune
  • #45,738
  • Jul 1, 2019 3:47pm Jul 1, 2019 3:47pm
Damn! I had to close it down today 30 minutes after the open. I managed to get one trade in CL for +23. All the markets were moving BEAUTIFULLY
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  • #45,739
  • Jul 1, 2019 10:01pm Jul 1, 2019 10:01pm
Quoting NNtrader
{quote} Thank-you, but in the interest of full disclosure... ...attached is my concluding trade. I bought at my AoI with good rotation, and on a pull back to 61.8 (Buy@26591). The trade went south in my allotted time. I attempted a rescue and I took another trade (Buy@26574). I felt good about this as it had higher R:R. But I was running out of time to trade (one of my issues). I covered one at 26584 (BE for the two trades) and thought I covered the other later. But (I was trading on a web based platform while looking at Sierra Charts) and did not...
Which is poor? the web based platform or sierra charts? I am thinking of checking out sierra to see how well it does...
  • #45,740
  • Jul 1, 2019 10:59pm Jul 1, 2019 10:59pm
2 trades +110
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Time is an illusion, timing is an art.
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