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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

  • #48,101
  • Sep 16, 2019 9:52am Sep 16, 2019 9:52am
I looked to the left and looking at those wicks, makes me see that the buyers are trying to defend this area. However, the bears really want to move down past it as well.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-19 (233 Tick).png Size: 57 KB
Luck has no place in trading. Leave that for the poker table.
  • #48,102
  • Sep 16, 2019 9:54am Sep 16, 2019 9:54am
Quoting Pair-me-up
I looked to the left and looking at those wicks, makes me see that the buyers are trying to defend this area. However, the bears really want to move down past it as well. {image}
Yes, and my entry did not have a rotation. It was impulsive after a good absorption by the buyers. I may lose here
If you fail to plan, you plan to fail.
  • #48,103
  • Sep 16, 2019 9:54am Sep 16, 2019 9:54am
yes out
If you fail to plan, you plan to fail.
  • #48,104
  • Sep 16, 2019 9:59am Sep 16, 2019 9:59am
This is going to be another volatile week. Saudi Arabia got bombed at one of their oil producing thingamabobs, which caused a lot of chaos in the markets. And Wednesday afternoon your time, they will decide to do another rate cut or not. Luckily, I will be sleeping through that volatility come Wednesday.
Luck has no place in trading. Leave that for the poker table.
  • #48,105
  • Sep 16, 2019 10:04am Sep 16, 2019 10:04am
Quoting Mr. Pip
{quote} Yes, and my entry did not have a rotation. It was impulsive after a good absorption by the buyers. I may lose here
Yes, I did notice the buyers absorbing. I still think we have some unfinished business to the top side, but the bears are trying to prove both me and you wrong.

I am thinking that if the buyers suddenly start absorbing like crazy, then we have a bear trap, and the bears will be calling uncle soon. ha ha ha Time will tell though.
Luck has no place in trading. Leave that for the poker table.
  • #48,106
  • Sep 16, 2019 10:06am Sep 16, 2019 10:06am
Hello Mr. Pip after... several YEARS.

Just my 2 cents.
- I don't like Mondays, since market is undecided. ESPECIALLY after events like we had them during weekend
- Zoom-out or peak at longer TFs is a MUST.

H1 is suggesting possible retrace (as wave 4??)

EDIT: mixed TFs all over the place. So for me this is generally - do not trade.


BR
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  • #48,107
  • Sep 16, 2019 10:09am Sep 16, 2019 10:09am
This is the bear trap that the bulls are trying to clamp down on the bears.

I am long, so I want the bulls to keep the bears trapped just long enough to make my daily goals, or at least get a nice break even.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-19 (233 Tick).png Size: 45 KB
Luck has no place in trading. Leave that for the poker table.
  • #48,108
  • Sep 16, 2019 10:14am Sep 16, 2019 10:14am
Quoting Mr. Pip
yes out
Yep, it's pass and take U turn right after that, lol, quite annoying especially with newbie like me. I have engineer background so being wrong is something I feel little hard to tolerance, still working on that mental problem.
  • #48,109
  • Sep 16, 2019 10:18am Sep 16, 2019 10:18am
Quoting trannhu
{quote} Yep, it's pass and take U turn right after that, lol, quite annoying especially with newbie like me. I have engineer background so being wrong is something I feel little hard to tolerance, still working on that mental problem.
As long as you follow your trade plan you did nothing wrong.
  • #48,110
  • Sep 16, 2019 10:21am Sep 16, 2019 10:21am
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  • #48,111
  • Sep 16, 2019 10:25am Sep 16, 2019 10:25am
Interesting harmonic patterns

PRZ (price reversal Zone) is the red boxes
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  • #48,112
  • Sep 16, 2019 10:30am Sep 16, 2019 10:30am
Quoting Chalky600
Interesting harmonic patterns PRZ (price reversal Zone) is the red boxes {image}
What is the name of that harmonic pattern?
Luck has no place in trading. Leave that for the poker table.
  • #48,113
  • Sep 16, 2019 10:32am Sep 16, 2019 10:32am
Quoting Pair-me-up
{quote} What is the name of that harmonic pattern?
The names are in the top left hand corner of the screen
The number in the far left is the number of candles ago that the pattern occurred, so the Bearish Max Gartley happened 24 candles ago
  • #48,114
  • Sep 16, 2019 10:33am Sep 16, 2019 10:33am
Got short
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-19 (144 Tick) 2019_09_16 (11_33_08 AM).png Size: 56 KB
If you fail to plan, you plan to fail.
  • #48,115
  • Sep 16, 2019 10:33am Sep 16, 2019 10:33am
Short now.
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  • #48,116
  • Sep 16, 2019 10:34am Sep 16, 2019 10:34am
Now showing a bearish AB=CD 1 candle ago
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  • #48,117
  • Sep 16, 2019 10:42am Sep 16, 2019 10:42am
Quoting Mr. Pip
Got short {image}
Nice trade entry
  • #48,118
  • Sep 16, 2019 10:42am Sep 16, 2019 10:42am
BE +5
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-19 (144 Tick) 2019_09_16 (11_42_21 AM).png Size: 73 KB
If you fail to plan, you plan to fail.
  • #48,119
  • Sep 16, 2019 10:43am Sep 16, 2019 10:43am
Quoting Mr. Pip
BE +5 {image}
Feels like we are doing the exact same thing. BE+5 as well on the MYM.
  • #48,120
  • Sep 16, 2019 10:45am Sep 16, 2019 10:45am
Quoting Kayjay2011
{quote} Feels like we are doing the exact same thing. BE+5 as well on the MYM.
Excellent
If you fail to plan, you plan to fail.
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