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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

  • #47,741
  • Aug 30, 2019 9:35am Aug 30, 2019 9:35am
Quoting Mr. Pip
{quote} Yes, Thanks! It will probably treat me better than the market lately
Looks like its a CAT 4. I'm sure you have the necessary prcautions and supplies in place, be safe my friend.
  • #47,742
  • Aug 30, 2019 9:36am Aug 30, 2019 9:36am
Quoting Mr. Pip
{quote} Yes, Thanks! It will probably treat me better than the market lately

Are the hurricanes over there like the ones here in Taiwan. In Chinese they are called Typhoons. Typhoon =hurricane.

Right now it is typhoon season here.

Anyways, take care. Make sure you tied your airplane down. I saw videos of commercial airliners getting lifted off the ground by strong winds.
Luck has no place in trading. Leave that for the poker table.
  • #47,743
  • Aug 30, 2019 9:57am Aug 30, 2019 9:57am
I just wanted to say thank you to Bmdenton23 for making that nifty, super neat xabcd drawing tool. It is nice to not have to draw fibs on fibs to find a pattern. Simply amazing. I was delighted that it works so flawlessly and withing crashing my platform.

Your xabcd drawing tool is the best!!
Luck has no place in trading. Leave that for the poker table.
  • #47,744
  • Aug 30, 2019 10:09am Aug 30, 2019 10:09am
Price fullfilled the expectation. Calling it quits for the day.

Mr. Pip, I hope the best for you and your family and anyone else that may be affected by hurricane Dorian. Stay safe!
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Damn The Torpedoes, Full Speed Ahead!
  • #47,745
  • Aug 30, 2019 10:24am Aug 30, 2019 10:24am
Breaking rules and trailing on decision candles on the longer term. It's Friday and Monday is a holiday
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If you fail to plan, you plan to fail.
  • #47,746
  • Aug 30, 2019 10:28am Aug 30, 2019 10:28am
Quoting Hogwash
{quote} 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
Hogwash I'm using a min 40 pt swing and a max 200 pt swing. If a swing exceeds 200 we're looking for 40 in the other direction to re-qualify order flow.
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  • #47,747
  • Aug 30, 2019 10:28am Aug 30, 2019 10:28am
Quoting PeterT
{quote} 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...
I don't agree with your line of thinking. The video above is just for laughs, but it creates a mentality of "you are dumb to short at the lows and dumb to buy at the highs". Then you begin thinking on counter trend and overbought and oversold. And its a good way to take retailers money, with quick catchphrases and "others lose money because they are dumb and noobs".

If your analysis said to short at historical low, then short it, damn ! its only historical lows after a few years, and at hindsight we are all millionaires.

Your only mistake was money management and stubbornness.

Always remember that the trade that made you lose money, would in another situation make you a millionaire. Just have the guts to admit that you only control yourself ( and in most persons, not even that ), not the market!
  • #47,748
  • Aug 30, 2019 10:33am Aug 30, 2019 10:33am
Quoting standrdtrde
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. {image}
Divine intervention kept me out of this situation today.

I would have taken this 100/100 times. Tradeplan said pull the trigger so no regrets

The results are the results.
It is what it is.
  • #47,749
  • Aug 30, 2019 10:37am Aug 30, 2019 10:37am
NZDUSD Long....
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  • #47,750
  • Aug 30, 2019 10:55am Aug 30, 2019 10:55am
Quoting Mr. Pip
Added to my longer term at the Butterfly {image}
Isn’t this trade against the expectation, I see you have a pattern but don’t you use patterns in confluence with the expectations?
  • #47,751
  • Aug 30, 2019 11:05am Aug 30, 2019 11:05am
Quoting JKtrader
{quote} Isn’t this trade against the expectation, I see you have a pattern but don’t you use patterns in confluence with the expectations?
Butterfly is a pattern that is in itself a expectation failure. D leg breaks X leg and goes to I think 127.2 fib. Target of 38.2 and trail of 61.8 of the ABCD on that pattern
  • #47,752
  • Aug 30, 2019 11:59am Aug 30, 2019 11:59am
Quoting JKtrader
{quote} Isn’t this trade against the expectation, I see you have a pattern but don’t you use patterns in confluence with the expectations?
I will dissect it in the post session review
If you fail to plan, you plan to fail.
  • #47,753
  • Aug 30, 2019 11:59am Aug 30, 2019 11:59am
Quoting standrdtrde
{quote} Butterfly is a pattern that is in itself a expectation failure. D leg breaks X leg and goes to I think 127.2 fib. Target of 38.2 and trail of 61.8 of the ABCD on that pattern
Very nice!
If you fail to plan, you plan to fail.
  • #47,754
  • Aug 30, 2019 12:05pm Aug 30, 2019 12:05pm
Well traders, The month has come to an end here.

took 3 trades in the 5K challenge account and kind of BE day.

Took a couple to entries in the longer term. An ABCD on 100 contracts and scaled in on a Butterfly with 300 Contracts for a net gain of 117 points on 400 contracts a little over 230K payday.

Post session review will be out later and we will continue to mix it up with the intraday.
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If you fail to plan, you plan to fail.
  • #47,755
  • Edited 12:29pm Aug 30, 2019 12:12pm | Edited 12:29pm
Any Comments, are welcome.
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Lets see if this pattern compleet by the end the the day.
  • #47,756
  • Aug 30, 2019 12:38pm Aug 30, 2019 12:38pm
Mr. Pip

"... scaled in on a Butterfly with 300 Contracts "

In your review could you talk about how it would have been handled if the market had kept going up after your add on, given that it was a Friday ahead of a holiday long weekend? I think your thought process would be very helpful.
  • #47,757
  • Aug 30, 2019 1:13pm Aug 30, 2019 1:13pm
Quoting Mr. Pip
Well traders, The month has come to an end here. took 3 trades in the 5K challenge account and kind of BE day. Took a couple to entries in the longer term. An ABCD on 100 contracts and scaled in on a Butterfly with 300 Contracts for a net gain of 117 points on 400 contracts a little over 230K payday. Post session review will be out later and we will continue to mix it up with the intraday. {image} {image}
Good day Sir. I have a question about your long term trade explained on a picture. Thank you.
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  • #47,758
  • Aug 30, 2019 1:27pm Aug 30, 2019 1:27pm
Quoting Bogdanlinee
{quote} Good day Sir. I have a question about your long term trade explained on a picture. Thank you. {image}
What's name of footprint chart Indicator you are using?
Anything is Possible!Side with the Probable!
  • #47,759
  • Aug 30, 2019 1:31pm Aug 30, 2019 1:31pm
Quoting FiftyFibFX
{quote} What's name of order flow Indicator are you using?
This is not an indicator this a row market data which shows how much size traded at each price (sierra chart - number bars)
  • #47,760
  • Aug 30, 2019 1:47pm Aug 30, 2019 1:47pm
Quoting Bogdanlinee
{quote} This is not an indicator this a row market data which shows how much size traded at each price (sierra chart - number bars)
I may be talking nonsense, but i would get that his 300 orders would not all be filled at the same tick, unless he had an opposite 300 orders liquidity
The best way for you to check is time and sales

EDIT: also notice, if SC is not configured properly, this may also be in effect -> https://www.sierrachart.com/index.php?page=doc/ChartSettings.html#SplitDataRecords
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