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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

  • #47,961
  • Sep 10, 2019 10:22am Sep 10, 2019 10:22am
Quoting Pair-me-up
Just an observation on the 1597 that I didn't notice until just now. {image}
Yeah. I took the buy on a rotation on the 233. I can only hold until end of day so we shall see how far we get.
  • #47,962
  • Sep 10, 2019 10:45am Sep 10, 2019 10:45am
Quoting Mr. Pip
Short {image}
Dear Damian,

Can you please explain why you take the short and chose to place stop above X? Base on my amateur view, 1-2 is an proper correction so I either take short at point "A" & place stop at 2 (and then take a full loss) or not take the short when price retest "2" because the expectation of NSL now become unrealistic. Is there any problem with my analysis?
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-19 (144 Tick) 2019_09_10 (11_36_03 AM).png Size: 36 KB
  • #47,963
  • Sep 10, 2019 10:51am Sep 10, 2019 10:51am
Quoting trannhu
{quote} Dear Damian, Can you please explain why you take the short and chose to place stop above X? Base on my amateur view, 1-2 is an proper correction so I either take short at point "A" & place stop at 2 (and then take a full loss) or not take the short when price retest "2" because the expectation of NSL now become unrealistic. Is there any problem with my analysis? {image}

the label " 1 " , on your chart is not a new low.
  • #47,964
  • Sep 10, 2019 10:57am Sep 10, 2019 10:57am
Quoting 6288monkey
{quote} the label " 1 " , on your chart is not a new low.
Thank buddy, it's very helpful.
  • #47,965
  • Sep 10, 2019 10:59am Sep 10, 2019 10:59am
2 Trades today. +6
1. Long -32
2. Long +38 got taken out on trail before spike.
Somebody call LT Gordon and see where the heck Bruce Wayne was this morning. Bat missing in action.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot (52).png Size: 103 KB
Click to Enlarge Name: Screenshot (53).png Size: 84 KB
  • #47,966
  • Sep 10, 2019 11:06am Sep 10, 2019 11:06am
Hahaha. At 1047 straight up 110 pts in 7 min. and straight back down 90 pts in 8 min. Man, where's the corrections?
  • #47,967
  • Sep 10, 2019 11:21am Sep 10, 2019 11:21am
Quoting Jaytrades
Hahaha. At 1047 straight up 110 pts in 7 min. and straight back down 90 pts in 8 min. Man, where's the corrections?
Maybe because Donald Trump the First tweet that he has fired uber-hawk John Bolton? who known.
  • #47,968
  • Sep 10, 2019 11:48am Sep 10, 2019 11:48am
Good afternoon, Mr. Pip. You have amazing psychological attitudes and thinking.You probably read a lot of books about trading and the psychology of trading. What can you recommend reading?
  • #47,969
  • Sep 10, 2019 11:52am Sep 10, 2019 11:52am
Quoting Pair-me-up
Just an observation on the 1597 that I didn't notice until just now. {image}
It looks like this Gartley is playing out nicely for those that got long on it. Heck, this might even workout as a continuation pattern to the upside.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-19 (1597 Tick).png Size: 73 KB
Luck has no place in trading. Leave that for the poker table.
  • #47,970
  • Sep 10, 2019 11:59am Sep 10, 2019 11:59am
Here is what I traded today..
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-19 (233 Tick) 2019_09_10 (6_58_02 PM).png Size: 74 KB
  • #47,971
  • Sep 10, 2019 12:13pm Sep 10, 2019 12:13pm
Quoting WestVillage
Here is what I traded today.. {image}
Great patience.
  • #47,972
  • Sep 10, 2019 12:50pm Sep 10, 2019 12:50pm
If anyone is trading the afternoon session - I'm watching to see if this Bearish Gartley finishes inside this complex correction. I would post chart but my rotten Tradestation Platform has no drawing tools for that. Not even a triangle.
  • #47,973
  • Sep 10, 2019 1:01pm Sep 10, 2019 1:01pm
Quoting Jaytrades
If anyone is trading the afternoon session - I'm watching to see if this Bearish Gartley finishes inside this complex correction. I would post chart but my rotten Tradestation Platform has no drawing tools for that. Not even a triangle.
Which chart are you looking at? 233, 1597, what? And which instrument? YM, NQ, what?
Luck has no place in trading. Leave that for the poker table.
  • #47,974
  • Sep 10, 2019 1:04pm Sep 10, 2019 1:04pm
Quoting Pair-me-up
{quote} Which chart are you looking at? 233, 1597, what? And which instrument? YM, NQ, what?
My bad. YM on 233 and 144. It just invalidated itself.
  • #47,975
  • Sep 10, 2019 1:06pm Sep 10, 2019 1:06pm
It corrected at the 61.8 and did correct past the 38.2 but came up a little short of the 78.2 on D leg.

Still dropped though
  • #47,976
  • Sep 10, 2019 4:53pm Sep 10, 2019 4:53pm
It's all heading up, rather than continuing down.
Attached Image (click to enlarge)
Click to Enlarge Name: BlackBull Markets MT4.png Size: 118 KB
  • #47,977
  • Sep 10, 2019 8:05pm Sep 10, 2019 8:05pm
Quoting trannhu
{quote} Dear Damian, Can you please explain why you take the short and chose to place stop above X? Base on my amateur view, 1-2 is an proper correction so I either take short at point "A" & place stop at 2 (and then take a full loss) or not take the short when price retest "2" because the expectation of NSL now become unrealistic. Is there any problem with my analysis? {image}
1 was a retest of the low not a NSL
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-19 (144 Tick) 2019_09_10 (9_04_14 PM).png Size: 45 KB
If you fail to plan, you plan to fail.
  • #47,978
  • Sep 10, 2019 8:07pm Sep 10, 2019 8:07pm
Quoting Denniboy
Good afternoon, Mr. Pip. You have amazing psychological attitudes and thinking.You probably read a lot of books about trading and the psychology of trading. What can you recommend reading?
I have not read any to tell you the truth. I just built the belief system through my back testing and through the years. Join us on the live stream tomorrow and I will talk more about it.
If you fail to plan, you plan to fail.
  • #47,979
  • Sep 10, 2019 8:57pm Sep 10, 2019 8:57pm
Quoting Mr. Pip
{quote} 1 was a retest of the low not a NSL {image}
Thank Damian.
  • #47,980
  • Sep 11, 2019 4:12am Sep 11, 2019 4:12am
Hi Guys,

My first post hear - yesterdays trades, 2 positive brek evens. Thanks Damian for your guidance Im learning so much!
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-19 (233 Tick) 2019_09_10 (20_49_56).png Size: 104 KB
The expectation is your Friend, the expectation is your Friend
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