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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

  • #49,041
  • Edited 11:25am Jan 21, 2020 11:08am | Edited 11:25am
Quoting Raini
One trade = -25 (I was trading the intraday order flow) {image}

What is the instrument?


If I can remember correctly , Mr.Pip said once if the pull back went too deep (deeper than 76% ) then mostly its doomed to fail.your entry seams went too deep.
Focus, Patience, Discipline, Determination and Perseverance
  • #49,042
  • Jan 21, 2020 11:58am Jan 21, 2020 11:58am
Quoting Suran
{quote} What is the instrument? If I can remember correctly , Mr.Pip said once if the pull back went too deep (deeper than 76% ) then mostly its doomed to fail.your entry seams went too deep.

Hi Suran,

The chart is from the mini dow (YM - 144 tick). That's definitely an interesting observation. I know the deeper retracements are more probable to fail, but I simply just trade the expectation, however, I will keep your tidbit in mind next time!! Thanks for the help!!
  • #49,043
  • Jan 21, 2020 1:56pm Jan 21, 2020 1:56pm
0 for 2 today
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  • #49,044
  • Jan 21, 2020 2:28pm Jan 21, 2020 2:28pm
Quoting bmdenton23
{quote} One of the key concepts taught on this thread is the expectation of projection symmetry as well as pullback symmetry. This is very much re-presentable by using the trendline or a trend-channel as shown. We expect that a new swing will project approximately the same length as the previous swing and we expect the next pullback to be similar to the last pullback. As those get out of balance, we have a clue about the possibility of change. Strictly trading a trendline all the time will not be profitable for you. I'd encourage you to put more...
Beautiful explanation, thank you so much!
  • #49,045
  • Jan 21, 2020 2:40pm Jan 21, 2020 2:40pm
Quoting bmdenton23
0 for 2 today {image}
Hey Bmdenton,

I noticed that you know to code and was wondering how beneficial you found it for yourself? I feel like this strategy is fairly better to trade from the discretionary side as supposed to having it written in an algorithm since there are so many variables that go into this. I think in terms of creating certain indicators, or finding those harmonic patterns it could be helpful, but what if one is not really interested in taking those gartleys, bats, etc. Seems like there's so much talk in the industry that traders must know how to program to stay ahead of the curve, so it could be something that we should probably learn.

Thanks, and appreciate your insight as always!
  • #49,046
  • Jan 21, 2020 3:44pm Jan 21, 2020 3:44pm
Quoting PB108
{quote} Hey Bmdenton, I noticed that you know to code and was wondering how beneficial you found it for yourself? I feel like this strategy is fairly better to trade from the discretionary side as supposed to having it written in an algorithm since there are so many variables that go into this. I think in terms of creating certain indicators, or finding those harmonic patterns it could be helpful, but what if one is not really interested in taking those gartleys, bats, etc. Seems like there's so much talk in the industry that traders must know how...
I am not opposed to algorithmic trading, I am pursuing it in fact and have written several strategies including this one. However the main intention of my coding work as it pertains to trading is either research oriented or tool oriented. For instance I've created tools that make it easier to project the one to one and extension targets. I've created tools to both identify as well as manually draw patterns. And I've certainly created strategies that allow me to research almost anything I want as it pertains to the strategy taught here.

Let's take Suran's statement above about how often swings fail that pull back to the 76%.
I can quickly plug that into a research strategy implementing Mr. Pips strategy and tell you that entering on swings at or deeper than the 76% pullback result in the following stats:

p.s. I am more than wiling to use the Mr. Pip strategy I created for research purposes for this group. If anyone would like a theory tested that's roughly within this strategies guidelines I can certainly put it to the test.
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  • #49,047
  • Jan 21, 2020 5:44pm Jan 21, 2020 5:44pm
Quoting bmdenton23
{quote} I am not opposed to algorithmic trading, I am pursuing it in fact and have written several strategies including this one. However the main intention of my coding work as it pertains to trading is either research oriented or tool oriented. For instance I've created tools that make it easier to project the one to one and extension targets. I've created tools to both identify as well as manually draw patterns. And I've certainly created strategies that allow me to research almost anything I want as it pertains to the strategy taught here. Let's...
Wow that's amazing, great job! I definitely would love to learn it for that very reason which is to create strategies with this methodology, and also researching various different things. Thanks again for your very detailed response, it honestly means a lot! Wish you all the best in everything you do.

Also, do you have any tips on the best way to go about learning how to code? I know NT uses C# and there are a few places like YouTube where one can learn it.

Thanks again, and have a great day!
  • #49,048
  • Jan 22, 2020 8:53am Jan 22, 2020 8:53am
Quoting PB108
{quote} Wow that's amazing, great job! I definitely would love to learn it for that very reason which is to create strategies with this methodology, and also researching various different things. Thanks again for your very detailed response, it honestly means a lot! Wish you all the best in everything you do. Also, do you have any tips on the best way to go about learning how to code? I know NT uses C# and there are a few places like YouTube where one can learn it. Thanks again, and have a great day!
My suggestion is to start with the NT8 Strategy Builder Wizard
https://www.youtube.com/watch?v=B__cetyO_5s
https://ninjatrader.com/support/helpGuides/nt8/?ns_wizard.htm

You can then take the strategy you build in the wizard and "unlock it", which renders the wizard unusable again for that strategy but allows you access to the c# code generated by the strategy. This is a good starting point for understanding the NT code flow as it pertains to strategies/indis/etc....
https://www.youtube.com/watch?v=BA0W4ECyVdc
  • #49,049
  • Jan 22, 2020 10:03am Jan 22, 2020 10:03am
2 trades this morning, I don't usually start with very deep retracements but had some conviction so traded with .618 targets
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  • #49,050
  • Jan 22, 2020 2:24pm Jan 22, 2020 2:24pm
Quoting bmdenton23
{quote} My suggestion is to start with the NT8 Strategy Builder Wizard https://www.youtube.com/watch?v=B__cetyO_5s https://ninjatrader.com/support/helpGuides/nt8/?ns_wizard.htm You can then take the strategy you build in the wizard and "unlock it", which renders the wizard unusable again for that strategy but allows you access to the c# code generated by the strategy. This is a good starting point for understanding the NT code flow as it pertains to strategies/indis/etc.... https://www.youtube.com/watch?v=BA0W4ECyVdc...
Okay sweet, I'll be sure to check them out, thank you!! Does one even need a background in C# to get started or is that not necessary to work with Ninjascript?
  • #49,051
  • Jan 23, 2020 3:43am Jan 23, 2020 3:43am
Quoting PB108
{quote} Okay sweet, I'll be sure to check them out, thank you!! Does one even need a background in C# to get started or is that not necessary to work with Ninjascript?
I don't think it's necessary just helpful. There are many free courses on Youtube. The easy way is to look at code from an indicator that works and modify it. Just remember silly errors happen if the syntax is 1 digit off..... but ninjascript flags it for you.....
  • #49,052
  • Jan 23, 2020 11:58am Jan 23, 2020 11:58am
1 loser today, January is really a grind after having such an easy December.

Intraday Pip Swings for comparison sake

November
55% win rate
1.31 ratio
1.57 PF
+85 points

December
83% win rate
.77 ratio
PF 3.86
+260 points

January
47% win rate
1.16 ratio
PF 1.02
+8 points
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  • #49,053
  • Jan 24, 2020 11:11am Jan 24, 2020 11:11am
One trade today +35
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  • #49,054
  • Jan 25, 2020 7:23pm Jan 25, 2020 7:23pm
Hi, please disregard my previous post. The data feed was off and the charts have incorrect values. Here's a quick analysis of the YM Weekly (Sims) with the data feed on.

A top-down analysis of the Daily, 4 hour, 30 min, and 233 tick are soon to follow.


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  • #49,055
  • Jan 25, 2020 8:48pm Jan 25, 2020 8:48pm
Top-Down Analysis - YM, 4 Hour, 30 Min, 400 Tick.


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  • #49,056
  • Jan 26, 2020 12:45pm Jan 26, 2020 12:45pm
Hello, top-down analysis is a very important function of trading. Levels from Weekly charts down to 30 min charts will help pinpoint entries on the 233 Tick chart. A perfect example is this 233 tick chart. Observe price action in the lower left. Price moves up touching the weekly level, retraces a bit, then closes above this level. A setup like this is golden. I'll wait for a retrace back into the weekly level and take a long trade from there on the 233 tick chart. Have a great day, 2020DowJones.

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  • #49,057
  • Jan 26, 2020 1:48pm Jan 26, 2020 1:48pm
Quoting bmdenton23
1 loser today, January is really a grind after having such an easy December. Intraday Pip Swings for comparison sake November 55% win rate 1.31 ratio 1.57 PF +85 points December 83% win rate .77 ratio PF 3.86 +260 points January 47% win rate 1.16 ratio PF 1.02 +8 points {image}
hello bmdenton23, can u add the total number of trades taken each month, also do u av a maximum SL u can take per trade
  • #49,058
  • Jan 26, 2020 9:10pm Jan 26, 2020 9:10pm
Back to trading this week and taking an early one to start out.
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Good work is the key to good fortune
  • #49,059
  • Jan 26, 2020 9:37pm Jan 26, 2020 9:37pm
Hi, I just made a vid on my Sims YM Short. Plus $190, 1 contract- fake $$$. I would like to post this video as it shows how I work the charts during a trade. I've tried to download the video from a youtube account with no luck. The vid has been sped up to cut down on the 30 min length to about 10 min. Any suggestions would be appreciated, Thanks

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  • #49,060
  • Jan 27, 2020 9:22am Jan 27, 2020 9:22am
Quoting 2020DowJones
Hi, I just made a vid on my Sims YM Short. Plus $190, 1 contract- fake $$$. I would like to post this video as it shows how I work the charts during a trade. I've tried to download the video from a youtube account with no luck. The vid has been sped up to cut down on the 30 min length to about 10 min. Any suggestions would be appreciated, Thanks {image} {image}
Just post the url to your youtube video here, no need to actually download/attach the video.
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