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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

  • #47,721
  • Aug 30, 2019 2:26am Aug 30, 2019 2:26am
Quoting x3m-PippiN
{quote} I agree with you. A very important aspect of a traders development is the ability to adapt to different market conditions. The downside to MYM is the slippage and higher commissions but it's a small price to pay compared to blowing out your account on YM with the size of these swings. I've also stopped trading the YM at the moment because the movement is absurd.

Great minds think alike!
Luck has no place in trading. Leave that for the poker table.
  • #47,722
  • Aug 30, 2019 3:40am Aug 30, 2019 3:40am
Love the new video's Mr Pip, havent posted in a while but still read the posts

someone just showed me a video which whilst funny is also thought provoking if you are a trader,

hope you dont mind a bit of Friday Humour

https://www.youtube.com/watch?v=x4ScsauBaWM
  • #47,723
  • Aug 30, 2019 4:09am Aug 30, 2019 4:09am
Quoting Mr. Pip
Guys very busy getting some hurricane prep done will not get to the post session review. Sorry!
Be safe mate, I hope everything is ok for your and other families in the area.
  • #47,724
  • Aug 30, 2019 5:12am Aug 30, 2019 5:12am
Quoting bmdenton23
Attached is the XABCD tool. You can find it under your drawing tools as bmdXABCD. Don't forget that you can assign hot keys to any drawing tool in the Tools-Hotkeys menu. {file}
Nice Tool! Thank you! I've an idea for a tool/indicator that I think could be useful. I constantly measure swings with a fib tool. I think if you could program a fib tool that you could drop at the beginning of a swing(0% point) that would look forward and pick out the furthest high or low(100% point) and dynamically adjust as price makes a higher high or low in that swing so that as price begins to correct the tool would already be set to the high and low of the swing without having to adjust and you would be able to see the fib levels and whether or not price has made a proper correction. I know nothing of programming so I don't know if it's possible for NT8. What do you think?
Anything is Possible!Side with the Probable!
  • #47,725
  • Aug 30, 2019 5:16am Aug 30, 2019 5:16am
I posted these two 1597 tick charts last night my time. Last night it had not yet completed the harmonic projection and now it has.

It is nice to see how the larger order flow often ignores the smaller order flow and continues on to where it wants to go.

This reminds me the importance of paying attention to the larger order flow, so I can get some nice possible runners on the lower tick charts.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: YM 09-19 (1597 Tick).png Size: 96 KB
Click to Enlarge Name: MYM 09-19 (1597 Tick).png Size: 103 KB
Luck has no place in trading. Leave that for the poker table.
  • #47,726
  • Edited 5:47am Aug 30, 2019 5:29am | Edited 5:47am
Quoting Pair-me-up
I posted these two 1597 tick charts last night my time. Last night it had not yet completed the harmonic projection and now it has. It is nice to see how the larger order flow often ignores the smaller order flow and continues on to where it wants to go. This reminds me the importance of paying attention to the larger order flow, so I can get some nice possible runners on the lower tick charts. {image} {image}

Here price has extended the CD leg but will you be looking for a short?? PA does not shows any bearish action....

EURGBP long for me: I do not like the way price went up
Attached Image (click to enlarge)
Click to Enlarge Name: EG_S_20190830-0541.jpg Size: 55 KB
  • #47,727
  • Aug 30, 2019 6:05am Aug 30, 2019 6:05am
Quoting brrand
{quote} Here price has extended the CD leg but will you be looking for a short?? PA does not shows any bearish action.... EURGBP long for me: I do not like the way price went up {image}
In my opinion, this should be a good area for a short, however, the markets are being driven by FA which moves the markets so that we are able to use TA here and now to make some dough.
Luck has no place in trading. Leave that for the poker table.
  • #47,728
  • Aug 30, 2019 8:27am Aug 30, 2019 8:27am
Quoting Chalky600
Love the new video's Mr Pip, havent posted in a while but still read the posts someone just showed me a video which whilst funny is also thought provoking if you are a trader, hope you dont mind a bit of Friday Humour https://www.youtube.com/watch?v=x4ScsauBaWM
Very funny. This reminds me of my first account blow. I was very very rookie and was trading a 100$ account.
Trading oil CFD's, it was January 2016 and oil price plummeted to around 30$. That's where I sold, at the absolute low, the HISTORICAL low, and THAT's where I sold!
My account was drained quickly, I got a margin call, I added 100$ to my account , got another margin call, added another 100$ and repeated this like 5-6 times until I finally realized that shit had gone too far

A very valuable lesson was learned that day
  • #47,729
  • Aug 30, 2019 8:36am Aug 30, 2019 8:36am
Attached Image (click to enlarge)
Click to Enlarge Name: 2_YM 09-19 (144 Tick) 2019_08_30 (9_33_20 AM).png Size: 57 KB
  • #47,730
  • Aug 30, 2019 8:50am Aug 30, 2019 8:50am
Quoting bmdenton23
1. I have defined swings as closely as is programatically possible to the way Damian defines swings. That being said logic must be used when swings become extended and we must requalify order flow. I'll be happy to discuss how I did that later. No consideration was given to "retests". Swings either projected or failed. A minimum of 40 points was required to define a swing.
Hello bmdenton23 first of all thanks for sharing these amazing backtest results.

But could you clarify which rules you implemented to requalify order flows?

Kind Regards
  • #47,731
  • Aug 30, 2019 8:58am Aug 30, 2019 8:58am
Quoting Chalky600
Love the new video's Mr Pip, havent posted in a while but still read the posts someone just showed me a video which whilst funny is also thought provoking if you are a trader, hope you dont mind a bit of Friday Humour https://www.youtube.com/watch?v=x4ScsauBaWM
Not at all we need it here in south FLA Huge hurricane coming
If you fail to plan, you plan to fail.
  • #47,732
  • Aug 30, 2019 9:00am Aug 30, 2019 9:00am
Short
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-19 (144 Tick) 2019_08_30 (10_00_02 AM).png Size: 73 KB
If you fail to plan, you plan to fail.
  • #47,733
  • Aug 30, 2019 9:03am Aug 30, 2019 9:03am
Added to my longer term at the Butterfly
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-19 (1597 Tick) 2019_08_30 (10_03_02 AM).png Size: 142 KB
If you fail to plan, you plan to fail.
  • #47,734
  • Aug 30, 2019 9:10am Aug 30, 2019 9:10am
Stopped out on the intraday.
If you fail to plan, you plan to fail.
  • #47,735
  • Aug 30, 2019 9:14am Aug 30, 2019 9:14am
Quoting Mr. Pip
{quote} Not at all we need it here in south FLA Huge hurricane coming
Holy shit looks like a big one is coming
Keep yourself and your family safe
  • #47,736
  • Aug 30, 2019 9:20am Aug 30, 2019 9:20am
Quoting brrand
{quote} Here price has extended the CD leg but will you be looking for a short?? PA does not shows any bearish action.... EURGBP long for me: I do not like the way price went up {image}
Sorry it was a short: Out at +35
  • #47,737
  • Aug 30, 2019 9:23am Aug 30, 2019 9:23am
It's exhausting dealing with these sideshow data issues with CQG.
Target/trail at decision was 127 Fibonacci at 2,953 ish area bc it came before 1 to 1 Stop below structure.
Had to get out bc broker said its a CQG issue and my damn account is one of the ones effected by it.
Fucking Opportunity cost.
Stay Safe Mr. Pip and all other Florida traders here.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot (48).png Size: 73 KB
  • #47,738
  • Aug 30, 2019 9:28am Aug 30, 2019 9:28am
Areas I'm interested shorting at.
Attached Image (click to enlarge)
Click to Enlarge Name: YM.png Size: 37 KB
Damn The Torpedoes, Full Speed Ahead!
  • #47,739
  • Aug 30, 2019 9:29am Aug 30, 2019 9:29am
Quoting PeterT
{quote} Holy shit looks like a big one is coming Keep yourself and your family safe
Yes, Thanks! It will probably treat me better than the market lately
If you fail to plan, you plan to fail.
  • #47,740
  • Aug 30, 2019 9:33am Aug 30, 2019 9:33am
Short YM.
Attached Image (click to enlarge)
Click to Enlarge Name: YM.png Size: 44 KB
Damn The Torpedoes, Full Speed Ahead!
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