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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

  • #48,861
  • Nov 7, 2019 8:30am Nov 7, 2019 8:30am
1 trade today. +5.5
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  • #48,862
  • Nov 7, 2019 9:03am Nov 7, 2019 9:03am
Entries weren't great today but the bullish momentum saved me
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  • #48,863
  • Nov 7, 2019 9:58am Nov 7, 2019 9:58am
One trade on YM today +96. Overnight trade hit my profit order, which I just put up around the 500 level, not expecting it to fill as I went to bed. Missed a second trade this morning which was in my plan. The move happened so quick, I did not have time to get long and maintain a reasonable RR.

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Good work is the key to good fortune
  • #48,864
  • Nov 7, 2019 11:56am Nov 7, 2019 11:56am
2 trades taken

The first trade was taken with longer term order flow. Good R:R put the trade within my risk tolerance. Taken at structure in the golden zone. In hindsight, should've waited until getting into the buyers area, but I'm in it now. Took a 1:1 into structure, golden zone of the main swing, and ratio exhaustion of the smaller order flow.

Second trade was a 1:1 of larger order flow into structure and ratio exhaustion. Due to the larger risk, I have to manage this one with 1:1 rules, i.e. 38.2 BE, TP at 61.8, and SL at next level of ratio exhaustion. In this case it was at the 141.4.
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  • #48,865
  • Nov 7, 2019 12:42pm Nov 7, 2019 12:42pm
Quoting DizzleFX
Shorting the YM off of the ABCD completion. I don't do much swing trading on the YM, so this is demo. Process is the same though regardless of time frame. {image}
Ended up getting stopped out of this one for about 300 points of fun money.
Damn The Torpedoes, Full Speed Ahead!
  • #48,866
  • Nov 7, 2019 12:55pm Nov 7, 2019 12:55pm
Nothing fancy here.
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Damn The Torpedoes, Full Speed Ahead!
  • #48,867
  • Nov 7, 2019 5:29pm Nov 7, 2019 5:29pm
Possible Bat pattern , should it break 27600 level


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  • #48,868
  • Nov 7, 2019 5:49pm Nov 7, 2019 5:49pm
Giving it another run this evening. Nice correction to my AOI. Long at 27637.

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Good work is the key to good fortune
  • #48,869
  • Nov 8, 2019 8:49am Nov 8, 2019 8:49am
4 trades today. -53.5
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  • #48,870
  • Nov 8, 2019 12:05pm Nov 8, 2019 12:05pm
Only 1 trade on YM today +52.

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Good work is the key to good fortune
  • #48,871
  • Nov 9, 2019 4:22pm Nov 9, 2019 4:22pm
both trades were losses.

1st: -30
2nd: -40

On to the next.
  • #48,872
  • Nov 10, 2019 5:15pm Nov 10, 2019 5:15pm
New week, new trades.

This one will probably hit overnight, so I put a limit order at strongest structure, in line with order flow, and at least past the 38.2 retracement level.
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  • #48,873
  • Nov 11, 2019 6:11am Nov 11, 2019 6:11am
Hi everyone.

Does anyone knows, what is up with the boss, Damian.

He hasn't been around for a while.
Thanks.
  • #48,874
  • Nov 11, 2019 7:15am Nov 11, 2019 7:15am
Short at 550. Great risk reward on this trade and in line with the day. Price has retraced most of the way, but worth the risk. I placed my stops a little further above as there are a couple of structure points. However, once 564 fails, we would be in rescue mode to gracefully exit.

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Good work is the key to good fortune
  • #48,875
  • Nov 11, 2019 9:08am Nov 11, 2019 9:08am
Helllo Traders, 2 trades to day #1:-32 #2:+60= +28
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Time is an illusion, timing is an art.
  • #48,876
  • Nov 11, 2019 11:46am Nov 11, 2019 11:46am
On the pain train at the moment.
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  • #48,877
  • Nov 11, 2019 3:23pm Nov 11, 2019 3:23pm
One trade today on YM +2.

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Good work is the key to good fortune
  • #48,878
  • Nov 11, 2019 6:31pm Nov 11, 2019 6:31pm
Quoting S41nt
On the pain train at the moment. {image}
Looking better now
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Wow! I've got some experience to gain.
  • #48,879
  • Nov 11, 2019 7:04pm Nov 11, 2019 7:04pm
Quoting Lawnman
{quote} Looking better now {image}
Yeah it is! Got to BE
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  • #48,880
  • Nov 12, 2019 11:23am Nov 12, 2019 11:23am
One trade today on YM +57

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Good work is the key to good fortune
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