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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

  • #17,121
  • Feb 24, 2016 7:17am Feb 24, 2016 7:17am
Attached Image (click to enlarge)
Click to Enlarge Name: 6E 03-16 (233 Tick) 24_02_2016_1.jpg Size: 98 KB
  • #17,122
  • Feb 24, 2016 7:26am Feb 24, 2016 7:26am
my first trade today
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-16 (233 Tick) 24_02_2016_trade01.jpg Size: 95 KB
  • #17,123
  • Feb 24, 2016 7:38am Feb 24, 2016 7:38am
trade management: minimizing risk
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-16 (233 Tick) 24_02_2016_trade01_minimizing risk.jpg Size: 90 KB
  • #17,124
  • Feb 24, 2016 7:40am Feb 24, 2016 7:40am
EU reaching zone of interest. let's see PA here, and then looking for shorts
  • #17,125
  • Feb 24, 2016 7:45am Feb 24, 2016 7:45am
Working on homework. Here is 2/24, 7:38am, CST, structure breakdown of the YM.
Only trade direction at this point is short. Bulls would have to drive above lower structure areas and create a HL to change expectation to long.

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  • #17,126
  • Feb 24, 2016 7:47am Feb 24, 2016 7:47am
Quoting ujku80
EU reaching zone of interest. let's see PA here, and then looking for shorts
Order flow looking very strong on the up side at the moment
  • #17,127
  • Feb 24, 2016 7:52am Feb 24, 2016 7:52am
i want everyone to look at this PA at the zone of interest
Attached Image (click to enlarge)
Click to Enlarge Name: 6E 03-16 (233 Tick) 24_02_2016_PA in the zone.jpg Size: 110 KB
  • #17,128
  • Feb 24, 2016 7:53am Feb 24, 2016 7:53am
let's see if this comes true, that exactly now we will testify a nice move south
  • #17,129
  • Feb 24, 2016 7:53am Feb 24, 2016 7:53am
Quoting lithium1
{quote} Order flow looking very strong on the up side at the moment
so good for money management theory, still expecting NSL with less risk.
Less tools, more clear to see
  • #17,130
  • Feb 24, 2016 7:56am Feb 24, 2016 7:56am
or maybe not...
  • #17,131
  • Feb 24, 2016 7:59am Feb 24, 2016 7:59am
Quoting lithium1
{quote} Order flow looking very strong on the up side at the moment
it is lith..remember that fat cats know what you know. most of the pro traders now including hedge funds are trading on the momentum. they have made plenty of algos to trade only when momentum increases. So, focus on structure. wait for short term order flow to confirm long term order flow and then shoot.
  • #17,132
  • Feb 24, 2016 8:01am Feb 24, 2016 8:01am
btw that's why you would find that especially in EU you could have a very strong momentum to the upside or downside , letting you think that the market really wants to go up or down, and then immediately changing direction. i've seen it many times in EU. and they happen counter-trend. so be careful.
  • #17,133
  • Feb 24, 2016 8:05am Feb 24, 2016 8:05am
sorry guys, i entered.
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  • #17,134
  • Feb 24, 2016 8:05am Feb 24, 2016 8:05am
Shorted, let's see how it goes
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  • #17,135
  • Feb 24, 2016 8:07am Feb 24, 2016 8:07am
thanks god +10 already on EU
Less tools, more clear to see
  • #17,136
  • Feb 24, 2016 8:07am Feb 24, 2016 8:07am
Quoting lithium1
Shorted, let's see how it goes {image}
it will go well. what worries me is that among those people who are idle in the thread, there are hidden fat cats, who could trade against us.... and ruin our party
  • #17,137
  • Feb 24, 2016 8:08am Feb 24, 2016 8:08am
but remember that PA that I told you. i've seen it many times right at important zones and before it used to trap me into a completely opposite direction. but i've learned from my mistakes
  • #17,138
  • Feb 24, 2016 8:09am Feb 24, 2016 8:09am
So far so good, order flow looking strong, reduce risk
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  • #17,139
  • Feb 24, 2016 8:12am Feb 24, 2016 8:12am
Quoting lithium1
So far so good, order flow looking strong, reduce risk {image}
it's too soon to reduce risk. we reduce risk when price reaches tests NSL. Are we looking for a 50 pip move or for a 10 pip move? you might as well take profit now because price will retrace a bit to the upside
  • #17,140
  • Feb 24, 2016 8:12am Feb 24, 2016 8:12am
Quoting Mr. Pip
{quote} It's never too soon to start writing some rules down that you know work for you. It may be a working progress but something has to keep you accountable. It's not a bad idea to start putting some things to paper.
Good advice, I am going to write a first draft of a trading plan today. Watch out world!
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