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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

  • #16,881
  • Feb 22, 2016 7:47am Feb 22, 2016 7:47am
Quoting ujku80
{quote} my take on this pair Monocor {image}
Going up for now. If price will go that low, I would be looking for sell
Even though I walk through the darkest valley, I will fear no evil
  • #16,882
  • Feb 22, 2016 7:50am Feb 22, 2016 7:50am
Quoting rolandW
Hi Mr Pip, Just a quick question. You say you never enter trades unless the pullback reaches 38.2% retracement. Would that only be true if there was no structure - so basically a bit of a run away train, and a short pull back, you woudl be wanting to see at least the 38.2% retracement? If you are expecting a shallow retracement, or a completion of a 1:1 pull back, say at the 23.6% retracement level, which is supported by structure, woudl you take the trade. I know i dont have the chart experience with this system as you, but i see quite a few 1:1's...
I don't like to take anything before the 38% however every situations is different and if the structure is strong enough and the test is weak enough I would in fact that is the trade I'm in now that I posted. Dam thing is still not moving. Looks like some overtime for me today.
If you fail to plan, you plan to fail.
  • #16,883
  • Feb 22, 2016 7:51am Feb 22, 2016 7:51am
Close call, should have been BE long back....but I was away from my computer.
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  • #16,884
  • Feb 22, 2016 7:52am Feb 22, 2016 7:52am
Quoting Mr. Pip
Crap this market is dead.
it's amazing how you think. you just see market making NSH, wait for a PB and shoot. I don't have the guts to do that, ....yet...

but my humble thinking on this market now, (pls don't be affected by it) it's a bit deeper PB at 50% right at structure and then shoot high.
But you know, I have a terrible prediction of YM, and that's why i'm sticking with EU still. i cant seem to predict this market at all.
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  • #16,885
  • Feb 22, 2016 7:52am Feb 22, 2016 7:52am
Quoting ujku80
{quote} great trade. well done Tim. i wanted to enter when the harmonics completed but then I hesitated and i lost that opportunity. well, that's life. A tough day for me.
It happens shake it off.
If you fail to plan, you plan to fail.
  • #16,886
  • Feb 22, 2016 7:53am Feb 22, 2016 7:53am
Quoting Timwelch
You'll get it next time. Last week I hesitated on 4-5 really good trades. It becomes easier with experience. As we get past our old failures and realize the potency and power of the trading method we are using now (70%+ expectation completions), we will all get better and trade without limit or hesitation. :-) Thanks again, Mr. Pip! I have never had so many winning days in a row in my life as a trader (trading for 7 years now). It's absolutely amazing. {quote}
Welcome Tim!
If you fail to plan, you plan to fail.
  • #16,887
  • Feb 22, 2016 7:57am Feb 22, 2016 7:57am
Got Stopped out -23
If you fail to plan, you plan to fail.
  • #16,888
  • Feb 22, 2016 7:59am Feb 22, 2016 7:59am
Quoting ujku80
{quote} it's amazing how you think. you just see market making NSH, wait for a PB and shoot. I don't have the guts to do that, ....yet... but my humble thinking on this market now, (pls don't be affected by it) it's a bit deeper PB at 50% right at structure and then shoot high. But you know, I have a terrible prediction of YM, and that's why i'm sticking with EU still. i cant seem to predict this market at all. {image}
You are probably right my expectation was for a mid to deep correction. The weakness got me into the trade early. Oh well next.
If you fail to plan, you plan to fail.
  • #16,889
  • Feb 22, 2016 8:06am Feb 22, 2016 8:06am
E/U now..maybe
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  • #16,890
  • Feb 22, 2016 8:07am Feb 22, 2016 8:07am
or simply shooting straight to make a NSL...
  • #16,891
  • Feb 22, 2016 8:07am Feb 22, 2016 8:07am
Long again hope this time it goes. Let's go bulls fulfill your expectation.
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If you fail to plan, you plan to fail.
  • #16,892
  • Feb 22, 2016 8:09am Feb 22, 2016 8:09am
Quoting ujku80
E/U now..maybe {image}
No NSH, why long ?
Even though I walk through the darkest valley, I will fear no evil
  • #16,893
  • Feb 22, 2016 8:11am Feb 22, 2016 8:11am
Quoting ujku80
E/U now..maybe {image}
I jumped into this with a short, and took a couple of pips...

My thinking being that the order flow is weakening, and it is unreasonable with a 100% pull back for a NSL... It seems to have stalled on the tiniest bit of structure, which is to me a sign that this is weakening, so would rather get out and risk nothing, thank stay in and risk my cash!

3 BE trades for me today, and will probably leave it there, although 2 trades should have netted me about 5% today! Especially since the thought process was right, but little pops in price took me out at BE before they fell off the cliff!

Trade management is something that I need to work out... got very good at waiting for the NSX to move to BE+ 5 pips or so, but may have done it at the NSX and not the break of it which woudl have netted me a nice tidy profit!
  • #16,894
  • Feb 22, 2016 8:11am Feb 22, 2016 8:11am
Quoting Mr. Pip
Long again hope this time it goes. Let's go bulls fulfill your expectation. {image}
i was about to say good luck, but you really don't need it.
  • #16,895
  • Feb 22, 2016 8:11am Feb 22, 2016 8:11am
Wow what a day to be trading...last i saw eurusd and gbpusd massively down...a day for shorts.

So wish i didnt have to go to work lol

Oh well weeks holiday in april
  • #16,896
  • Feb 22, 2016 8:13am Feb 22, 2016 8:13am
Quoting monocor
{quote} No NSH, why long ?
severe weakness in price, 100% pull back, and a stalling order flow... I do not want to be short this pair at the moment (and that is why i got out), Expectation is still NSL, but unreasonable to expect it with a 100% pull back, so a NSH is a definite possibility...
  • #16,897
  • Feb 22, 2016 8:17am Feb 22, 2016 8:17am
Quoting rolandW
{quote} severe weakness in price, 100% pull back, and a stalling order flow... I do not want to be short this pair at the moment (and that is why i got out), Expectation is still NSL, but unreasonable to expect it with a 100% pull back, so a NSH is a definite possibility...
complex correction is possible, test of low is possible. That is weak buy, to much risk
Even though I walk through the darkest valley, I will fear no evil
  • #16,898
  • Feb 22, 2016 8:18am Feb 22, 2016 8:18am
Quoting monocor
{quote} No NSH, why long ?
Complex correction 1:1 into structure. Expectation is a NSH but there is lots of weakness might end up taking a hit here too we will see what ends up happening.
If you fail to plan, you plan to fail.
  • #16,899
  • Feb 22, 2016 8:18am Feb 22, 2016 8:18am
Quoting rolandW
{quote} I jumped into this with a short, and took a couple of pips... My thinking being that the order flow is weakening, and it is unreasonable with a 100% pull back for a NSL... It seems to have stalled on the tiniest bit of structure, which is to me a sign that this is weakening, so would rather get out and risk nothing, thank stay in and risk my cash! 3 BE trades for me today, and will probably leave it there, although 2 trades should have netted me about 5% today! Especially since the thought process was right, but little pops in price took...
your short was a good idea. I wanted to go short too but i missed a good entry. The idea is that you simply risk very little as the SL goes right above that LH which btw coincides with a good structure. Price was simply testing that LH, and it failed to make a NSH. Which is a good indication for going short. Of course, I don't expect price to make a NSL but you never know. We are in a strong downtrend and that's not unreasonable to expect. so let's see. But definitely, I'm not looking for longs here. unless I see price stops at the indicated zone (61.8%) of the swing.
  • #16,900
  • Feb 22, 2016 8:20am Feb 22, 2016 8:20am
Quoting monocor
{quote} complex correction is possible, test of low is possible. That is weak buy, to much risk
Quite agree! It is far more fun to predict before it happens... and the NSL is still the expectation, unless a NSH is formed...

I suppose it all depends on how price reacts at the various levels...
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