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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

  • #45,961
  • Jul 14, 2019 6:56am Jul 14, 2019 6:56am
Quoting PeterT
{quote} That's great! I hope to be able to also thank him in person one day. Unfortunately it's not next to my door. I will have to become profitable first to have money to cross the ocean
GET IT DONE!
If you fail to plan, you plan to fail.
  • #45,962
  • Edited 2:27pm Jul 14, 2019 2:12pm | Edited 2:27pm
Quoting Pair-me-up
{quote} Well speaking of diet, my wife is 18 weeks pregnant with triplets. Two of them are identical and the doctor says they are all boys. I have been reading a lot about nutrition
Wow, triplets. My wife had the same condition with our first boy and the doctors took it very seriously, so they don't mess around with pre-eclamsia. Wishing you and your wife a safe delivery to welcome your new family.-

I started a diet 2 months ago called Optavia and have dropped 30 lbs. Not quite as aggressive as Adkins or full low carb, but still converts your body from carb burning to fat burning. Once fat burning kicks in, you feel fantastic. It has changed the way I view nutrition moving forward, even after I hit my target weight (which is my college tennis playing weight). The key with any diet is one a person can stay with. Good luck in losing the weight and fattening the account
Good work is the key to good fortune
  • #45,963
  • Jul 14, 2019 2:35pm Jul 14, 2019 2:35pm
Quoting Mr. Pip
{quote} Hey Rush, I use to do the same with the market replay for hours and hours. Never let one candle on it own bully you into a decision. Having said that the candle should be the trigger after the case for entry or exit has been made. The market also needs room and with ratios and harmonics we have a really good understanding where those areas are. I know I haven’t given you a clear answer but I personally compete for the RR. At the very least price should respect shorter term structure.
Damian, after doing a little more testing, I am going to adjust to trailing on structure when >40 points when in that zone (NSH/NSL and 127). If it is less than 40, will look to just sit tight at BE +5. When the market makes bigger moves, one just hates to give back 60 points (from my example). Appreciate your point about a single candle and the thought about RR. Over a series of hundreds of events, the odds are probably more in favor of going to the 127 versus a deep correction from the NSH/NSL. Which should provide better RR in the long run. Thanks
Good work is the key to good fortune
  • #45,964
  • Jul 14, 2019 4:50pm Jul 14, 2019 4:50pm
Hello Traders, We have a great week ahead of us. There will be lots of trading and a live stream on Wednesday the 17of July. We are also going to start getting into some other topics like your Trade PLan! Do you have one? I mean do you really have one? Is it printed? Where is it? In your head? Well, that might explain a few of your issues. Folks if it's in your head and not on paper then you DO NOT HAVE ONE! More on this during the week.

It's time to start taking this seriously! It's time to start making real tangible progress here but it all starts with your trade plan! If you have not written, typed or chiseled one then you are gambling and you are up against me on the battlefield. How do you think that is going to end up for you?

I want to see everyone getting serious! Last week was nice and fun and we traded and we were profitable. It was kind of a homecoming. Well guess what? It's time to keep pealing that onion. It's time to stop taking this like a hobby and start achieving. This is going to get fucking uncomfortable because that is what it takes. I'm not here to play who can make a profit today with you. The time for bullshit has past. The excuses are a waste of everyone's time specially mine.

I am invigorated ! Are you? I want you to stop crawling and start walking. I want the excuses to stop and I want to see results! Immediately! I want you to tell everyone you know what you do and own it! I want you to tell people what you do with confidence. You are a Trader and you don't lurk in the shadows any freaking more. You know exactly what I'm saying.

Let's Get This Done!!!!!!!!
If you fail to plan, you plan to fail.
  • #45,965
  • Jul 14, 2019 6:07pm Jul 14, 2019 6:07pm
Quoting Mr. Pip
Hello Traders, We have a great week ahead of us. There will be lots of trading and a live stream on Wednesday the 17of July. We are also going to start getting into some other topics like your Trade PLan! Do you have one? I mean do you really have one? Is it printed? Where is it? In your head? Well, that might explain a few of your issues. Folks if it's in your head and not on paper then you DO NOT HAVE ONE! More on this during the week. It's time to start taking this seriously! It's time to start making real tangible progress here but it all starts...
Awesome post! This is my homework assignment as soon as I return from vacation!
Wow! I've got some experience to gain.
  • #45,966
  • Jul 14, 2019 6:14pm Jul 14, 2019 6:14pm
Quoting Mr. Pip
Hello Traders, We have a great week ahead of us. There will be lots of trading and a live stream on Wednesday the 17of July. We are also going to start getting into some other topics like your Trade PLan! Do you have one? I mean do you really have one? Is it printed? Where is it? In your head? Well, that might explain a few of your issues. Folks if it's in your head and not on paper then you DO NOT HAVE ONE! More on this during the week. It's time to start taking this seriously! It's time to start making real tangible progress here but it all starts...
Writing mine now and going to post every trade I take on this forum to keep myself accountable.
  • #45,967
  • Jul 14, 2019 11:03pm Jul 14, 2019 11:03pm
Quoting Mr. Pip
Hello Traders, We have a great week ahead of us. There will be lots of trading and a live stream on Wednesday the 17of July. We are also going to start getting into some other topics like your Trade PLan! Do you have one? I mean do you really have one? Is it printed? Where is it? In your head? Well, that might explain a few of your issues. Folks if it's in your head and not on paper then you DO NOT HAVE ONE! More on this during the week. It's time to start taking this seriously! It's time to start making real tangible progress here but it all starts...
Dear Damian, it's will be great if in next live stream you cover the topic like situation awareness, using short term & immediate order flow to re-asset long term. It's my humble opinion, I hope it's not bother you.
  • #45,968
  • Jul 14, 2019 11:48pm Jul 14, 2019 11:48pm
Quoting Mr. Pip
{quote} Great research and info. I will see about this. I will also pray for your family and for a smooth and safe delivery. How exciting!

All prayers welcome. Yes, we are very excited and nervous at the same time. So, my wife is already getting diapers and looking at mini vans. I am working on building an account for more hungry mouths. So, I look forward to going to the next level with you.
Luck has no place in trading. Leave that for the poker table.
  • #45,969
  • Jul 15, 2019 3:51am Jul 15, 2019 3:51am
Quoting Mr. Pip
Let's Get This Done!!!!!!!!
this is the time ! Since last week, on futures also
  • #45,970
  • Jul 15, 2019 8:16am Jul 15, 2019 8:16am
My chart to start the morning. Hoping for a correction in between the 618 and 786 on this ABCD. However, market was strong overnight so may not get to that level.

Attached Image (click to enlarge)
Click to Enlarge Name: Morning Chart - YM July 15.PNG Size: 49 KB
Good work is the key to good fortune
  • #45,971
  • Jul 15, 2019 8:16am Jul 15, 2019 8:16am
hoping price gives me an entry on the MES
Attached Image (click to enlarge)
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  • #45,972
  • Jul 15, 2019 8:24am Jul 15, 2019 8:24am
Quoting Mr. Pip
Hello Traders, We have a great week ahead of us. There will be lots of trading and a live stream on Wednesday the 17of July. We are also going to start getting into some other topics like your Trade PLan!
I am all in! Switched over totally to the future market and love it.
Good work is the key to good fortune
  • #45,973
  • Jul 15, 2019 8:41am Jul 15, 2019 8:41am
Good morning Traders, I hope everyone had a great weekend and are ready for an exciting week of trading and a Wednesday live stream! super pumped for that one myself. The market on this Monday morning continues to stay over extended ( notice I don't use parasitic words). Using the word over bought might trick the mind into not following your trade plan. It may also have you on a wild goose chase for the other word I hate a reversal. Lets perfect our trading vocabulary. Let's keep our chart and vocabulary in proper context.
If you fail to plan, you plan to fail.
  • #45,974
  • Jul 15, 2019 8:48am Jul 15, 2019 8:48am
Hello traders, I took one small zone trade and I'm now looking at how price reacts to the zone where multiple 1;1 completions finish:
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-19 (89 Tick) 2019_07_15 (15_46_13)A.png Size: 65 KB
  • #45,975
  • Jul 15, 2019 8:49am Jul 15, 2019 8:49am
Long 297, stop 250
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  • #45,976
  • Jul 15, 2019 8:50am Jul 15, 2019 8:50am
Long the market
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-19 (144 Tick) 2019_07_15 (9_48_44 AM).png Size: 75 KB
If you fail to plan, you plan to fail.
  • #45,977
  • Jul 15, 2019 8:54am Jul 15, 2019 8:54am
Quoting bmdenton23
Long 297, stop 250 {image}
Yes, it's a retarded Gartley. The AB leg fell just short of the 61.8. I like the other features of it which I will explain in the post session review!
If you fail to plan, you plan to fail.
  • #45,978
  • Jul 15, 2019 8:58am Jul 15, 2019 8:58am
Long at 314.

Attached Image (click to enlarge)
Click to Enlarge Name: Long - 314.PNG Size: 51 KB
Good work is the key to good fortune
  • #45,979
  • Jul 15, 2019 9:00am Jul 15, 2019 9:00am
Quoting Mr. Pip
{quote} Yes, it's a retarded Gartley. The AB leg fell just short of the 61.8. I like the other features of it which I will explain in the post session review!
Is it reasonable to get to a break even at the Gartley target of 27357 and then hold for the one to one swing target 27424 ?
  • #45,980
  • Jul 15, 2019 9:01am Jul 15, 2019 9:01am
I was stopped out at BE by 1 point to see the target of the first ABCD getting reached.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-19 (89 Tick) 2019_07_15 (15_58_37)B.png Size: 77 KB
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