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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

  • #47,941
  • Sep 9, 2019 7:45pm Sep 9, 2019 7:45pm
Hello Traders, Not much to the post session review today, Hopefully the action picks up tomorrow!

https://youtu.be/_Y_LJd9OQTk
If you fail to plan, you plan to fail.
  • #47,942
  • Sep 9, 2019 9:43pm Sep 9, 2019 9:43pm
A quick update on the longer term.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-19 (1597 Tick) 2019_09_09 (10_42_53 PM).png Size: 101 KB
If you fail to plan, you plan to fail.
  • #47,943
  • Sep 10, 2019 8:42am Sep 10, 2019 8:42am
GM Traders and UPdate
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-19 (1597 Tick) 2019_09_10 (9_41_32 AM).png Size: 111 KB
If you fail to plan, you plan to fail.
  • #47,944
  • Sep 10, 2019 8:50am Sep 10, 2019 8:50am
The market PA has been extremely weird lately. It is like the ultimate battle between bulls and bears. There is a ton of resistance around these levels, but the buyers are still trying to come in. I have barely placed any trades in the past 5 trading days
  • #47,945
  • Sep 10, 2019 8:54am Sep 10, 2019 8:54am
Quoting spetscom
The market PA has been extremely weird lately. It is like the ultimate battle between bulls and bears. There is a ton of resistance around these levels, but the buyers are still trying to come in. I have barely placed any trades in the past 5 trading days
I know what you mean
If you fail to plan, you plan to fail.
  • #47,946
  • Sep 10, 2019 9:05am Sep 10, 2019 9:05am
Ditto. I should have just practiced reading price. Yesterday and today have not been very fruitful.
  • #47,947
  • Edited 9:23am Sep 10, 2019 9:06am | Edited 9:23am
Quoting spetscom
The market PA has been extremely weird lately. It is like the ultimate battle between bulls and bears. There is a ton of resistance around these levels, but the buyers are still trying to come in. I have barely placed any trades in the past 5 trading days
Market looks like trying to correct last week's run up leg. Looking at the H1 from last week's Tuesday low there really hasn't been a good correction and yesterday broke to the downside and confirmed NSL from a LH in London this morning.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-19 (60 Minute) 2019_09_10 (10_21_31 AM).png Size: 84 KB
Anything is Possible!Side with the Probable!
  • #47,948
  • Sep 10, 2019 9:17am Sep 10, 2019 9:17am
Looking at the 1597 tick chart... it looks like it is a large range. If we are in a complex correction then it will continue back up. If the TA on the larger ABCD works out, then it will go down for a bit. Not a lot of consistent moves in the market. Just sudden burst up or down like we are in the Asian session.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-19 (1597 Tick).png Size: 41 KB
Luck has no place in trading. Leave that for the poker table.
  • #47,949
  • Sep 10, 2019 9:23am Sep 10, 2019 9:23am
Took GBPUSD
Attached Image (click to enlarge)
Click to Enlarge Name: GU_S_20190910-0920.jpg Size: 56 KB
short. In the smaller term order flow, PA is behaving as expected but still the bulls came up pretty close to 100% retracement.
  • #47,950
  • Sep 10, 2019 9:25am Sep 10, 2019 9:25am
Short
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-19 (144 Tick) 2019_09_10 (10_25_41 AM).png Size: 62 KB
If you fail to plan, you plan to fail.
  • #47,951
  • Sep 10, 2019 9:35am Sep 10, 2019 9:35am
Quoting Mr. Pip
Short {image}
Target one to one completion right?
Anything is Possible!Side with the Probable!
  • #47,952
  • Sep 10, 2019 9:37am Sep 10, 2019 9:37am
Quoting FiftyFibFX
{quote} Target one to one completion right?
or the 127 whichever come first. In this case the 1:1 comes first 696
If you fail to plan, you plan to fail.
  • #47,953
  • Sep 10, 2019 9:45am Sep 10, 2019 9:45am
Live stream tomorrow guys! I can't wait to share my session with you all!!!
If you fail to plan, you plan to fail.
  • #47,954
  • Sep 10, 2019 9:55am Sep 10, 2019 9:55am
BE
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-19 (144 Tick) 2019_09_10 (10_54_42 AM).png Size: 73 KB
If you fail to plan, you plan to fail.
  • #47,955
  • Sep 10, 2019 9:58am Sep 10, 2019 9:58am
Quoting Mr. Pip
BE {image}
can you please explain why you went already to BE
  • #47,956
  • Sep 10, 2019 10:00am Sep 10, 2019 10:00am
One of those days. Nothing I did worked out despite following my plan pretty well. Had a difficult time finding order flow to work for me. Whenever I try to go to the more immediate OF on 144 it doesn't work especially well. I tried to go to a slightly longer term but kinda got chopped there too.

I can only trade on my days that I don't work or on the morning of my night shifts. This tends to make me try and take trades one way or another on some order flow. I'll have to just realize that I must have better patience and that deciding not to take a trade in certain market conditions is a trading decision.

Enjoy the live stream tomorrow. Wish I could make it.

Thanks again Damian for your time and wisdom
  • #47,957
  • Sep 10, 2019 10:03am Sep 10, 2019 10:03am
Just an observation on the 1597 that I didn't notice until just now.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-19 (1597 Tick).png Size: 94 KB
Luck has no place in trading. Leave that for the poker table.
  • #47,958
  • Sep 10, 2019 10:05am Sep 10, 2019 10:05am
Taken out at +5 BE
If you fail to plan, you plan to fail.
  • #47,959
  • Sep 10, 2019 10:09am Sep 10, 2019 10:09am
Quoting Mr. Pip
Taken out at +5 BE
It's still a win. How are you doing on your long term? Still up over 100 points?
Luck has no place in trading. Leave that for the poker table.
  • #47,960
  • Sep 10, 2019 10:21am Sep 10, 2019 10:21am
Quoting Pair-me-up
{quote} It's still a win. How are you doing on your long term? Still up over 100 points?
Yes it is Now I can buy a hamburger
If you fail to plan, you plan to fail.
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