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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

  • #1,921
  • Jan 22, 2013 6:16pm Jan 22, 2013 6:16pm
We have a very similar style, Rocky...


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  • #1,922
  • Jan 22, 2013 6:20pm Jan 22, 2013 6:20pm
Quoting rocky
We have a very similar style, Rocky...


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Nice!
If you fail to plan, you plan to fail.
  • #1,923
  • Jan 22, 2013 6:25pm Jan 22, 2013 6:25pm
Quoting rocky
We have a very similar style, Rocky...


Attachment
Question? How do you change the open trade to show $$$ instead of points?
If you fail to plan, you plan to fail.
  • #1,924
  • Jan 22, 2013 6:31pm Jan 22, 2013 6:31pm
Stop at BE risk free trade. Now Patience and wait to see what happens.
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If you fail to plan, you plan to fail.
  • #1,925
  • Jan 22, 2013 6:36pm Jan 22, 2013 6:36pm
This one might not work out we are completly against order flow and there is confluence at the breakeven point of two fib ratios providing resistance but we are at breakeven so the outcome does not matter. Now we look to see if the bulls are strong enough to carry me to TP.
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If you fail to plan, you plan to fail.
  • #1,926
  • Jan 22, 2013 6:49pm Jan 22, 2013 6:49pm
Waiting is sometimes difficult but part of the business.
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If you fail to plan, you plan to fail.
  • #1,927
  • Jan 22, 2013 6:51pm Jan 22, 2013 6:51pm
Getting there, just a bit more.
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If you fail to plan, you plan to fail.
  • #1,928
  • Jan 22, 2013 6:51pm Jan 22, 2013 6:51pm
Quoting Mr. Pip
Question? How do you change the open trade to show $$$ instead of points?
Open up the Chart Trader tab located above your chart. This should dislpay the chart trader on the rightside of your chart. Then just left click the "PnL"
box above the "Account tab" and this will give you your dollar value. Great job on those charts...Rocky.
  • #1,929
  • Jan 22, 2013 6:51pm Jan 22, 2013 6:51pm
Quoting Mr. Pip
This one might not work out we are completly against order flow and there is confluence at the breakeven point of two fib ratios providing resistance but we are at breakeven so the outcome does not matter. Now we look to see if the bulls are strong enough to carry me to TP.

Mr pip

So far I've found that taking trades at D on ABCD patterns can mostly be against order flow, I wonder if you have found this also, or its just my limited harmonics experience.

Also, if it is the case where it is mostly against order flow, do you look at strong confluence on PRZ.

Thanks
Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #1,930
  • Jan 22, 2013 6:53pm Jan 22, 2013 6:53pm
Quoting rocky
Open up the Chart Trader tab located above your chart. This should dislpay the chart trader on the rightside of your chart. Then just left click the "PnL"
box above the "Account tab" and this will give you your dollar value. Great job on those charts...Rocky.
Thanks again!
If you fail to plan, you plan to fail.
  • #1,931
  • Jan 22, 2013 6:56pm Jan 22, 2013 6:56pm
Quoting Ezzy
Mr pip

So far I've found that taking trades at D on ABCD patterns can mostly be against order flow, I wonder if you have found this also, or its just my limited harmonics experience.

Also, if it is the case where it is mostly against order flow, do you look at strong confluence on PRZ.

Thanks
Ezzy
Ideally you want to see the pattern against short term order flow and in tune with long term order flow. And yes you also want to have strong confluence in a PRZ.
If you fail to plan, you plan to fail.
  • #1,932
  • Jan 22, 2013 7:04pm Jan 22, 2013 7:04pm
In this trade, what is long term order flow vs short term order flow? It looks like long term (really long term) order flow is down because it goes from 142.62 (yesterday) to a low of 142. But, it did make one higher low recently, so is long term order flow now up? And when you took the trade it looked like it was creating lower highs, so short term orderflow is down, right?
  • #1,933
  • Jan 22, 2013 7:05pm Jan 22, 2013 7:05pm
Bears trying to take over lets see if the oval holds if price closes below the oval it does not look good to achieve TP. Also I don't care we are at BE so Patience and let price do its thing.
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If you fail to plan, you plan to fail.
  • #1,934
  • Jan 22, 2013 7:06pm Jan 22, 2013 7:06pm
Quoting Mr. Pip
Ideally you want to see the pattern against short term order flow and in tune with long term order flow. And yes you also want to have strong confluence in a PRZ.

Thanks Mr Pip.
What you do is a reflection of you....what I do is a reflection of me.
  • #1,935
  • Jan 22, 2013 7:12pm Jan 22, 2013 7:12pm
Bears are trying hard to take me out but my boys are fighting hard
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If you fail to plan, you plan to fail.
  • #1,936
  • Jan 22, 2013 7:12pm Jan 22, 2013 7:12pm
There was some nice confluence there where it turned around, using the main swing and current dominant swing.

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  • #1,937
  • Jan 22, 2013 7:17pm Jan 22, 2013 7:17pm
I think it might be important to wait for the price to test all points of the PRZ, or at least stall near the bottom. that way, you know all the harmonic impulses that you used to define the PRZ have completed. Thats what it suggested in the harmonics trader book, anyways.
  • #1,938
  • Jan 22, 2013 7:18pm Jan 22, 2013 7:18pm
Quoting Starry
In this trade, what is long term order flow vs short term order flow? It looks like long term (really long term) order flow is down because it goes from 142.62 (yesterday) to a low of 142. But, it did make one higher low recently, so is long term order flow now up? And when you took the trade it looked like it was creating lower highs, so short term orderflow is down, right?
Long term orderflow is down and short term order flow is up.
If you fail to plan, you plan to fail.
  • #1,939
  • Jan 22, 2013 7:20pm Jan 22, 2013 7:20pm
Quoting Starry
I think it might be important to wait for the price to test all points of the PRZ, or at least stall near the bottom. that way, you know all the harmonic impulses that you used to define the PRZ have completed. Thats what it suggested in the harmonics trader book, anyways.
That is the suggestion but you will come to see that if identified properly and with the rules I use my PRZ is a lot smaller than Scott Carneys and price does not hang around there to long. So you have to be quick and identify your reversal signal whatever that may be.
If you fail to plan, you plan to fail.
  • #1,940
  • Jan 22, 2013 7:25pm Jan 22, 2013 7:25pm
Thankyou for your reply Mr Pip, I thought it was taking its time setting up so to avoid jumping in and taking the trade I went for a walk along the beach.

cheers
Ymmit
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