Ratios & Harmonics: a Different Way to Trade | Page 2431 | Forex Factory

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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

  • #48,601
  • Oct 4, 2019 7:41am Oct 4, 2019 7:41am
Thoughts?
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  • #48,602
  • Oct 4, 2019 7:47am Oct 4, 2019 7:47am
Earlier today, my time, I watched Scott Carney's video about the shark pattern and then drew this out on my chart.

I noticed that on the MYM there was a huge spike down when some economic report came out and the YM just went up. So, I imagine that the YM still has way more participants than the MYM.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: YM 12-19 (233 Tick).png Size: 77 KB
Click to Enlarge Name: MYM 12-19 (89 Tick).png Size: 71 KB
Luck has no place in trading. Leave that for the poker table.
  • #48,603
  • Oct 4, 2019 8:41am Oct 4, 2019 8:41am
Quoting Pair-me-up
Earlier today, my time, I watched Scott Carney's video about the shark pattern and then drew this out on my chart. I noticed that on the MYM there was a huge spike down when some economic report came out and the YM just went up. So, I imagine that the YM still has way more participants than the MYM. {image} {image}
a.k.a. Stop Run. That's a bit concerning that MYM does not match YM but could be an edge if you can exploit it
Anything is Possible!Side with the Probable!
  • #48,604
  • Oct 4, 2019 9:15am Oct 4, 2019 9:15am
I'm working arround the house, this is earlier entry on DAX.

Long agon on BE and while I'm back to work... let's see what happens later on.
ATM I'm 65p up.

EDIT: tightening SL, to secure some profits. If it takes me out, still profitable day.

BR
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  • #48,605
  • Oct 4, 2019 9:48am Oct 4, 2019 9:48am
I am fishing for another shark. Let's see if I catch it and live to tell the story.
Attached Image (click to enlarge)
Click to Enlarge Name: MYM 12-19 (233 Tick).png Size: 67 KB
Luck has no place in trading. Leave that for the poker table.
  • #48,606
  • Oct 4, 2019 9:59am Oct 4, 2019 9:59am
Quoting tp0440
I'm working arround the house, this is earlier entry on DAX. Long agon on BE and while I'm back to work... let's see what happens later on. ATM I'm 65p up. EDIT: tightening SL, to secure some profits. If it takes me out, still profitable day. BR {image}
did you enter before NFP?
  • #48,607
  • Oct 4, 2019 10:24am Oct 4, 2019 10:24am
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-19 (144 Tick) 2019_10_04 (11_23_27 AM).png Size: 56 KB
Anything is Possible!Side with the Probable!
  • #48,608
  • Oct 4, 2019 10:37am Oct 4, 2019 10:37am
Quoting FiftyFibFX
{image}
-36
Anything is Possible!Side with the Probable!
  • #48,609
  • Oct 4, 2019 10:40am Oct 4, 2019 10:40am
And post fact photo of the DAX trade.
Will close manually for +82. Best thing if PA goes your way while away!! 3 time more sweet.

No DJI trade for me today.


BR
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  • #48,610
  • Oct 4, 2019 10:54am Oct 4, 2019 10:54am
2 Trades. -40.5+44=3.5. The .5 comes from getting split on entries/exits with 2 contracts.
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  • #48,611
  • Oct 4, 2019 1:26pm Oct 4, 2019 1:26pm
Today wasn't an easy day for me. I took the first trade very impressed fot the strenght of the move but somehow didn't noticed that the expectation wasn't correct. I am usually very patient and look for the right opportunity but this time I didn't. So the trade went bad.

The second time I just got lucky because I didn't get stopped out for one point and the NSH happened almost right after my entry.

I ended up with a lousy 8 points just because of pure luck.
Attached Image (click to enlarge)
Click to Enlarge Name: NQ 12-19 (89 Tick) 2019_10_04 (8_22_15 PM).png Size: 92 KB
  • #48,612
  • Oct 4, 2019 1:29pm Oct 4, 2019 1:29pm
Quoting Pair-me-up
I am fishing for another shark. Let's see if I catch it and live to tell the story. {image}
Price never came back down. So my fish swam away. See you all next week. Have a nice weekend.
Luck has no place in trading. Leave that for the poker table.
  • #48,613
  • Oct 6, 2019 10:25am Oct 6, 2019 10:25am
FEED YOUR MIND


https://www.youtube.com/watch?v=2o8js-mwks4

Fulfill your Desires
Anything is Possible!Side with the Probable!
  • #48,614
  • Oct 6, 2019 12:36pm Oct 6, 2019 12:36pm
Quoting Derp
Thoughts? {image}
without knowing the instrument, I feel the downward momentum is too much, I will expect an expectation failure with realignment towards nsl
  • #48,615
  • Edited 7:45am Oct 7, 2019 6:35am | Edited 7:45am
Expectation: Higher high

Quoting FXShoujo
Expectation: Higher high {image}
BE

Update:
Got taken out in BE
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I will do my best!
  • #48,616
  • Oct 7, 2019 8:28am Oct 7, 2019 8:28am
Chart to start the morning...

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Good work is the key to good fortune
  • #48,617
  • Oct 7, 2019 9:24am Oct 7, 2019 9:24am
1 loser, 1 rescue (loser). -25 pts today.

Hope you all end green!
Attached Image (click to enlarge)
Click to Enlarge Name: MYM 12-19 (21 Tick) 2019_10_07 (10_22_21 AM).png Size: 48 KB
  • #48,618
  • Oct 7, 2019 9:44am Oct 7, 2019 9:44am
Just closed my morning trade (my morning). Buy from the zone for ABC up.

To soon? Maybe... probably... at +102, I don't care. Since I'm away for the rest of the day, that's it for today.
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  • #48,619
  • Oct 7, 2019 10:03am Oct 7, 2019 10:03am
Here is a 1597 tick on the MYM... with the wild, wild west market for the last few months, I am enjoying the micro YM more. This allows me to work on some money management strategies with in my trade plan.
Attached Image (click to enlarge)
Click to Enlarge Name: MYM 12-19 (1597 Tick).png Size: 129 KB
Luck has no place in trading. Leave that for the poker table.
  • #48,620
  • Oct 7, 2019 10:46am Oct 7, 2019 10:46am
Quoting Pair-me-up
Here is a 1597 tick on the MYM... with the wild, wild west market for the last few months, I am enjoying the micro YM more. This allows me to work on some money management strategies with in my trade plan. {image}
This is the same trade from the 233 tick chart on the MYM
Attached Image (click to enlarge)
Click to Enlarge Name: MYM 12-19 (233 Tick).png Size: 64 KB
Luck has no place in trading. Leave that for the poker table.
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