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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

  • #46,201
  • Jul 18, 2019 1:15pm Jul 18, 2019 1:15pm
Quoting JeanValJean.
{quote} Hi, the swing start at #1. {image}
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  • #46,202
  • Jul 18, 2019 1:52pm Jul 18, 2019 1:52pm
Didn't have time to trade today.
Only two late trades +16 and +1

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  • #46,203
  • Jul 18, 2019 2:03pm Jul 18, 2019 2:03pm
That clears things up. Thanks everyone!
  • #46,204
  • Jul 18, 2019 3:36pm Jul 18, 2019 3:36pm
Quoting standrdtrde
1. Looking for shorts at the completion of this CD leg of this new shorter term order flow that developed for a completion of a AB=CD pattern. 2. Although the AB leg retraced prior to the 50 fib, the Bat pattern is invalidated because the BC swing went past and closed beyond the golden zone. I also do not have an expectation of price getting all the way to the 88.6 fib of my main swing due to order flow breaking multiple levels of support and my expectation of a shallow depth to level 1. 3. It is a AB=CD as opposed to a ABCD due to the BC leg closing...
1. Price is now at my interpretation of level 3 of my main swing. Order flow was extremely bearish to the downside so my expectation was for a retrace to level 1 then a NSL.
2. It got to 88.6 of main swing and 161.8 of shorter term AB leg. The BC leg of the shorter term order flow closed beyond 78.6 of the AB leg so it’s a sloppy Bat pattern. Rotation candle was also spotted in Level 3 zone.
3. I’m going to make a play action call based on the strengthening of the bulls in the immediate order flow and price breaking through Level 1 and Level 2 like a hot knife through butter to NOT take a short trade in this area...
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  • #46,205
  • Jul 18, 2019 6:04pm Jul 18, 2019 6:04pm
Hello Traders, Today posed a difficult order flow to trade. We had a profitable day and one trade almost erased the the draw down of yesterday's losing day. The power of RR in incredible. Love it!!!!

Attached it the MM spreadsheet updated updated and the account balance for transparency. The post session review video also add insight and further transparency. I'm really enjoying this little project and I'm thrilled that it will help you in building that belief system to say "I don't care, next!" when you followed your trade plan and you lost. Sorry I forgot the intro but screw it these videos take a while to make and render so live with it. We are family and I'm sure you will still watch it


https://youtu.be/0F5g0CfvHbU
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If you fail to plan, you plan to fail.
  • #46,206
  • Jul 18, 2019 8:19pm Jul 18, 2019 8:19pm
Quoting Mr. Pip
Hello Traders, Today posed a difficult order flow to trade. We had a profitable day and one trade almost erased the the draw down of yesterday's losing day. The power of RR in incredible. Love it!!!! Attached it the MM spreadsheet updated updated and the account balance for transparency. The post session review video also add insight and further transparency. I'm really enjoying this little project and I'm thrilled that it will help you in building that belief system to say "I don't care, next!" when you followed your trade plan and you lost. Sorry...

Shit, I believe you have motivated me to get off the 5 min order flow and Just go right at the 1 minute order flow and just be legit intraday.
  • #46,207
  • Jul 18, 2019 8:36pm Jul 18, 2019 8:36pm
Quoting standrdtrde
{quote} Shit, I believe you have motivated me to get off the 5 min order flow and Just go right at the 1 minute order flow and just be legit intraday.
Good luck my friend! Now on your trade plan.
If you fail to plan, you plan to fail.
  • #46,208
  • Jul 18, 2019 10:38pm Jul 18, 2019 10:38pm
Today I got fooled by the immediate PA... bad day!
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  • #46,209
  • Jul 19, 2019 12:26am Jul 19, 2019 12:26am
Hey all. I was wondering whether it would be worth it to have a discord server? Might be easier to communicate as a community? If anyone is interested, I can set something up.
  • #46,210
  • Jul 19, 2019 12:37am Jul 19, 2019 12:37am
Quoting WestVillage
Today I got fooled by the immediate PA... bad day! {image}
Hey West, none of you entries make any sense to me. Can you please talk me through two of you entries? Any two.
If you fail to plan, you plan to fail.
  • #46,211
  • Jul 19, 2019 1:37am Jul 19, 2019 1:37am
Quoting Mr. Pip
{quote} Hey West, none of you entries make any sense to me. Can you please talk me through two of you entries? Any two.
You’re absolutely right. Yesterday I tried to trade the very short term and I considered even 1 tick breaks. The last trade was a 1:1 compleation but it was really stupid because price was really accelerating to the upside.

It was a bad day because I didn’t trade as I usually do and I messed up a bit but it happens. I will need to be more disciplined in the future..
  • #46,212
  • Jul 19, 2019 2:22am Jul 19, 2019 2:22am
Quoting vonboettiche
Hey all. I was wondering whether it would be worth it to have a discord server? Might be easier to communicate as a community? If anyone is interested, I can set something up.
Hi this was already done by member pereiraalex.
I hope this link still works:
https://discord.gg/yGUEzue
  • #46,213
  • Jul 19, 2019 2:50am Jul 19, 2019 2:50am
Hi Damian, like the thumbnails with the exception of the "Angry Birds" face.... lol's I don't think we are angry..... Also I checked your files to see if you uploaded the newest version of the spreadsheet... can't find it, did I miss something?
  • #46,214
  • Edited 3:47am Jul 19, 2019 3:04am | Edited 3:47am
Quoting Mr. Pip
{quote} Good luck my friend! Now on your trade plan.
Mr. Pip, does ending your trade sessions by noon not hurt your trade plans expectancy?
just wondering because you refer to the afternoon period as overtime.
As I transition my plan to 1 minute order flow I would like to be efficient so just wanted to confirm your thinking on this subject
  • #46,215
  • Jul 19, 2019 3:48am Jul 19, 2019 3:48am
Quoting WestVillage
{quote} You’re absolutely right. Yesterday I tried to trade the very short term and I considered even 1 tick breaks. The last trade was a 1:1 compleation but it was really stupid because price was really accelerating to the upside. It was a bad day because I didn’t trade as I usually do and I messed up a bit but it happens. I will need to be more disciplined in the future..
Fair enough, rogue days happen. Clean it up and next!
If you fail to plan, you plan to fail.
  • #46,216
  • Jul 19, 2019 3:50am Jul 19, 2019 3:50am
Quoting standrdtrde
{quote} Mr. Pip, does ending your trade sessions by noon not hurt your trade plans expectancy? just wondering because you refer to the afternoon period as overtime. As I transition my plan to 1 minute order flow I would like to be efficient so just wanted to confirm your thinking on this subject
My expectancy is based on my trading hours but sometimes the trades need a little more time.
If you fail to plan, you plan to fail.
  • #46,217
  • Jul 19, 2019 4:19am Jul 19, 2019 4:19am
Quoting Mr. Pip
{quote} My expectancy is based on my trading hours but sometimes the trades need a little more time.
Thank you for clarifying. Always wondered glad I asked. You rock
  • #46,218
  • Jul 19, 2019 7:03am Jul 19, 2019 7:03am
The post session reviews are simply great! Thank you.
  • #46,219
  • Jul 19, 2019 8:20am Jul 19, 2019 8:20am
I am trying to understand. Which line is our current main swing?
I thought it was the white one, but I thought Mr.Pip said that the main swing is based on the LH to the NSH (Green line)
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  • #46,220
  • Jul 19, 2019 8:23am Jul 19, 2019 8:23am
Hi All, first post here. Yes it's the white one.
Rob
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