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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

  • #4,561
  • Aug 16, 2013 6:56am Aug 16, 2013 6:56am
Quoting Starry
Axlz, heres the best explanation i can find rigiht now http://www.forexfactory.com/showthread.php?p=4726240#post4726240 edit: download ninjatrader, and use the following settings for the fib circle ratio, and you can observe price action around any circles you want, corresponding to the possibilities listed in th eforum post above. the ratios are basically murry line ratios. {image} {image}
Ninjatrader wont give me a 5 minute data feed.
  • #4,562
  • Aug 16, 2013 7:26am Aug 16, 2013 7:26am
Quoting vqtrader
Good luck people. This my last post. I posted a chart last night when I was going back forward with Alxlz showing harmony completion point before it happened, so just to prove a point I took a sell limit trade at that point last night. I woke up and now its at BE. I will take half off and let the rest run to the other completion point if it gets there. If not who cares I took half. and its back in congestion area.It can get any basic than this. Sorry most of you don't understand this. Keep at it. Peace and hair {image}
I asked you HOW TO IDENTIFY ORDER FLOW.

NOT ONCE have you answered my question. You've responded by posting lines on a chart.

I want an explanation. You have given me nothing but worthless charts.
  • #4,563
  • Aug 16, 2013 8:34am Aug 16, 2013 8:34am
Quoting Axlz
{quote} Ninjatrader wont give me a 5 minute data feed.

get a free mbtrading account and set it up.
  • #4,564
  • Aug 16, 2013 10:32am Aug 16, 2013 10:32am
Quoting Starry
{quote} get a free mbtrading account and set it up.
Doesn't offer ninjatrader.
  • #4,565
  • Aug 16, 2013 10:40am Aug 16, 2013 10:40am
Quoting Axlz
{quote} Doesn't offer ninjatrader.

axlz, you seriously need to get off your high horse. yes it does. go figure it out. you dont know everything in the world, and you have made it clear you dont like this method anyways, so just leave it ....
  • #4,566
  • Aug 16, 2013 10:57am Aug 16, 2013 10:57am
Quoting Starry
{quote} axlz, you seriously need to get off your high horse. yes it does. go figure it out. you dont know everything in the world, and you have made it clear you dont like this method anyways, so just leave it ....
I'm on the platforms tab and it does not offer it.


I even made an account, and it asked me to choose from a selection of platforms. None of which were ninja....
  • #4,567
  • Aug 16, 2013 11:03am Aug 16, 2013 11:03am
Quoting Axlz
{quote} I'm on the platforms tab and it does not offer it. I even made an account, and it asked me to choose from a selection of platforms. None of which were ninja....
http://www.ninjatrader.com/ConnectionGuides/MBTrading-Connection-Guide.php

just choose any platform, and then type your password into mbtrading , follow above link
  • #4,568
  • Aug 16, 2013 11:14am Aug 16, 2013 11:14am
Quoting Starry
{quote} http://www.ninjatrader.com/ConnectionGuides/MBTrading-Connection-Guide.php just choose any platform, and then type your password into mbtrading , follow above link
It does not offer me a demo account for ninjatrader. I don't know what to say anymore.

I do not own the company. I cannot change this.
  • #4,569
  • Aug 16, 2013 11:27am Aug 16, 2013 11:27am
I wish someone here could just explain order flow to me.

I spend so many hours studying, and this one thing ruins my trades, and no one can tell me why.
  • #4,570
  • Aug 16, 2013 11:28am Aug 16, 2013 11:28am
Quoting Axlz
{quote} Seriously, what are you trying to pull here? how about EXPLAINING this. Your pictures mean NOTHING. if you apparently understand it, then why is it so difficult for you to explain it to someone else?

AXlz
Hi relax and drop the attitude Vqtrader tried to show you something meaningful.
I understood his simple boxes what those meant.Even if you are not clear telling someone's effort worthless is rude.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #4,571
  • Aug 16, 2013 11:31am Aug 16, 2013 11:31am
Quoting Axlz
I wish someone here could just explain order flow to me. I spend so many hours studying, and this one thing ruins my trades, and no one can tell me why.

Order flow means which way market is moving based on orders.Between Bears and Bulls fighting one side wins and pushes the price either way.This happens on all time frames.
As you spend hours looking at the screen you will see it more clearly.Trick is to find TF you feel confident trading.
I trade daily weekly myself
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In trading, you have to be defensive and aggressive at the same time
  • #4,572
  • Aug 16, 2013 11:35am Aug 16, 2013 11:35am
Quoting Davit
{quote} Order flow means which way market is moving based on orders.Between Bears and Bulls fighting one side wins and pushes the price either way.This happens on all time frames. As you spend hours looking at the screen you will see it more clearly.Trick is to find TF you feel confident trading.
I know what it is, but I don't understand how to identify it.

For instance, there is a large swing up, bring the last high.

According to everyone, order flow is up.


Yet if you observe, order flow starts going down, and barely any bull strength at all, until it hits support at a much lower level.

Yet if I listened to these guys, I'd have 50 losing trades, trading "with" what THEY say is orderflow, but really isn't, as it has changed direction.

Do you get what I mean?
  • #4,573
  • Aug 16, 2013 11:36am Aug 16, 2013 11:36am
I know what it is, but I don't understand how to apply it to making trades in the correct direction. It can change in a sudden, REGARDLESS of what the last swing was. Thats what I mean.

It changes in an instant, even if the last swing a second ago had bullish orderflow, it may not be bearish.
  • #4,574
  • Aug 16, 2013 11:47am Aug 16, 2013 11:47am
Quoting Axlz
I know what it is, but I don't understand how to apply it to making trades in the correct direction. It can change in a sudden, REGARDLESS of what the last swing was. Thats what I mean. It changes in an instant, even if the last swing a second ago had bullish orderflow, it may not be bearish.

What TF are you trading?Smaller the TF harder it is.If you are scalping on 1min 5min charts then in my opinion harmonics is not the best way.You need whole lot more screen time to trade harmonics in STF
In trading, you have to be defensive and aggressive at the same time
  • #4,575
  • Aug 16, 2013 11:49am Aug 16, 2013 11:49am
Quoting Davit
{quote} What TF are you trading?Smaller the TF harder it is.
5min.
  • #4,576
  • Aug 16, 2013 11:52am Aug 16, 2013 11:52am
Quoting Axlz
{quote} 5min.

Explains your frustrations.I would suggest different trading style,method if trading 5min unless you got at least 3yrs of experience at forex otherwise prepare yourself to get hit left and right.

To me Harmonics and proper execution requires experience.It's like giving CBR1000RR to newbie motorcyclist.One wrong twist and you are toast.
Why don't you want to start on Honda 250?
Regards.
In trading, you have to be defensive and aggressive at the same time
  • #4,577
  • Aug 16, 2013 12:00pm Aug 16, 2013 12:00pm
Quoting Davit
{quote} Explains your frustrations.I would suggest different trading style,method if trading 5min unless you got at least 3yrs of experience at forex otherwise prepare yourself to get hit left and right. To me Harmonics and proper execution requires experience.It's like giving CBR1000RR to newbie motorcyclist.One wrong twist and you are toast. Why don't you want to start on Honda 250? Regards.
I've tried the higher TFs but they seem to move the same.

My issue is in finding when orderflow changes.

How are we supposed to know? It changes instantly and we're left for dead.
  • #4,578
  • Aug 16, 2013 12:03pm Aug 16, 2013 12:03pm
Quoting Axlz
{quote} I've tried the higher TFs but they seem to move the same. My issue is in finding when orderflow changes. How are we supposed to know? It changes instantly and we're left for dead.

study candle patterns, S/R zones.
Nobody knows exactly When! but we try an educated guess.
You have to think in probabilities mindset.Top of channel on my chart price turned around repeatedly and this is true since 2010.Now what is the likelihood it happens again?I'll say greater then 50%! That's it you got an edge now!
This is plain structure of the market. You must understand price before applying advance concepts like harmonics.
All harmonic does is to provide area where price mostly likely will do something.That's it.It does not mean it will react always but combine with S/R round numbers and Fib ration confluence becomes greater edge.
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In trading, you have to be defensive and aggressive at the same time
  • #4,579
  • Aug 16, 2013 12:46pm Aug 16, 2013 12:46pm
Quoting Davit
{quote} study candle patterns, S/R zones. Nobody knows exactly When! but we try an educated guess. You have to think in probabilities mindset.Top of channel on my chart price turned around repeatedly and this is true since 2010.Now what is the likelihood it happens again?I'll say greater then 50%! That's it you got an edge now! This is plain structure of the market. You must understand price before applying advance concepts like harmonics. All harmonic does is to provide area where price mostly likely will do something.That's it.It does not mean...
S/R hardly ever hold on the lower TFs, though.
  • #4,580
  • Aug 16, 2013 1:03pm Aug 16, 2013 1:03pm
I work so hard to be successful at trading, yet I fail so much more than others.

I spend more hours a day than 99.9% of traders practicing, and I still get no where.



I understand the harmonic component of these trades.

One move is usually followed by a retrace to the 38% fib at least, then another exact move in the same direction takes place (AB=CD).

1:1 moves.

These are usually what I trade.


But a lot of the time, order flow will change without me knowing.


What the hell am I supposed to do?

There is nothing I can do to learn this. It just seems like randomness
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