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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

  • #17,481
  • Feb 29, 2016 7:16am Feb 29, 2016 7:16am
First trade of the day, Feedback welcome. Short EURUSD 5M
Attached Image (click to enlarge)
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  • #17,482
  • Feb 29, 2016 7:20am Feb 29, 2016 7:20am
Quoting Mr. Pip
{quote} You could say something like Once price make a NSH or NSL to fulfill an expectation we wait for a correction at or above the 38.2% Fibonacci Replacement and having confluence of order flow expectation, structure and ratios we look for opportunities to enter the market in line with the following expectation. If an opportunity id identified, then we seek a bar by bar confirmation. A bar by bar confirmation occurs when the current candle is in the area of interests and makes little to no attempted to trade above or below the previous candle...
Roger that, thanks Damian!
  • #17,483
  • Feb 29, 2016 7:24am Feb 29, 2016 7:24am
Last day of the month Traders, let's see what the market offers today. Had another great month and looking forward to the next one. I hope your month whether you were on demo or real has been profitable and has helped your belief system that profitable trading and high level trading is not a myth and that it is not complicated. Let's crush March! This new month we will learn about Harmonics, Money Management and Trade Plan development.

This month with the skills you have learned your crystal balls will become even more polished and you will develop efficiency, proficiency and become more detached from the emotions. I have not limited you in any way. I've held nothing back to keep you guessing. I want to see what the fruit of my labor and the years it took me to put this together have done for you in this very short time.
If you fail to plan, you plan to fail.
  • #17,484
  • Feb 29, 2016 7:27am Feb 29, 2016 7:27am
Quoting Harmonic1976
First trade of the day, Feedback welcome. Short EURUSD 5M {image}
Looks good a little bit of weakness on the bears maybe a complex correction but all other systems are a go.
If you fail to plan, you plan to fail.
  • #17,485
  • Feb 29, 2016 7:28am Feb 29, 2016 7:28am
Quoting Harmonic1976
{quote} Roger that, thanks Damian!
LOL, brings back memories. were you in the service?
If you fail to plan, you plan to fail.
  • #17,486
  • Feb 29, 2016 7:37am Feb 29, 2016 7:37am
Quoting Mr. Pip
{quote} LOL, brings back memories. were you in the service?
No, but currently work at Ft. Campbell (until this becomes the day job )
  • #17,487
  • Feb 29, 2016 7:38am Feb 29, 2016 7:38am
Quoting Mr. Pip
{quote} You could say something like Once price make a NSH or NSL to fulfill an expectation we wait for a correction at or above the 38.2% Fibonacci Replacement and having confluence of order flow expectation, structure and ratios we look for opportunities to enter the market in line with the following expectation. If an opportunity id identified, then we seek a bar by bar confirmation. A bar by bar confirmation occurs when the current candle is in the area of interests and makes little to no attempted to trade above or below the previous candle...
smth like this one you mean?
Attached Image (click to enlarge)
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  • #17,488
  • Feb 29, 2016 7:48am Feb 29, 2016 7:48am
oh damn it, I closed that trade with + 6 pips because i thought market found support testing NSL. plus, i didn't like momentum decrease at the market was approaching NSL...
  • #17,489
  • Feb 29, 2016 7:50am Feb 29, 2016 7:50am
Quoting ujku80
oh damn it, I closed that trade with + 6 pips because i thought market found support testing NSL.
The psychology part is the hardest, I did the same thing by reading the strength of the bulls in the candles. Ended up with the same amount, is that EURUSD?
  • #17,490
  • Feb 29, 2016 7:52am Feb 29, 2016 7:52am
Hi guys, I am new to this amazing thread. I trade PA and supply/demand for sometime, and i am looking for some Fibonacci tool to enhance my trading skill. I found this thread, have spent weekend reading from the first page. I found the material here is very detail and helpful. huge thanks and respect to Mr. pip, for your dedication of making wonderful thread and answering questions. I look forward to spending more time here.

here is my trades for today, the fib helps
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seeing through
  • #17,491
  • Feb 29, 2016 7:59am Feb 29, 2016 7:59am
Quoting Harmonic1976
{quote} The psychology part is the hardest, I did the same thing by reading the strength of the bulls in the candles. Ended up with the same amount, is that EURUSD?
yes it is. I should have waited a bit more and then close at a better price but, didn't think so much when i saw price coming at me...
It might be that EU is retracing deeper now and i'd look for entry short at the zone above the previous one.
  • #17,492
  • Feb 29, 2016 7:59am Feb 29, 2016 7:59am
two more trades in YM.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-16 (233 Tick) 29_02_2016_trades.jpg Size: 126 KB
  • #17,493
  • Feb 29, 2016 8:11am Feb 29, 2016 8:11am
Quoting ujku80
two more trades in YM. {image}
  • #17,494
  • Feb 29, 2016 8:11am Feb 29, 2016 8:11am
Quoting ujku80
{quote} smth like this one you mean? {image}
That is correct.
If you fail to plan, you plan to fail.
  • #17,495
  • Feb 29, 2016 8:13am Feb 29, 2016 8:13am
Quoting pipphunter
Hi guys, I am new to this amazing thread. I trade PA and supply/demand for sometime, and i am looking for some Fibonacci tool to enhance my trading skill. I found this thread, have spent weekend reading from the first page. I found the material here is very detail and helpful. huge thanks and respect to Mr. pip, for your dedication of making wonderful thread and answering questions. I look forward to spending more time here. here is my trades for today, the fib helps {image}
If you fail to plan, you plan to fail.
  • #17,496
  • Feb 29, 2016 8:20am Feb 29, 2016 8:20am
Quoting ujku80
oh damn it, I closed that trade with + 6 pips because i thought market found support testing NSL. plus, i didn't like momentum decrease at the market was approaching NSL...
​Had meetings for the past 15 hours, and had the same issue as you, but closed it with about 2 pips...

Oh well, not to worry, sure there will be plenty more opportunities!

I think it goes to show the quality of the teaching when 3 people can independently see the same thing (even if a bit too quick on the draw to close it for 2 of them, but for the same reasons funnily enough!)
  • #17,497
  • Feb 29, 2016 8:23am Feb 29, 2016 8:23am
Quoting ujku80
two more trades in YM. {image}
Nice work!
If you fail to plan, you plan to fail.
  • #17,498
  • Feb 29, 2016 8:25am Feb 29, 2016 8:25am
does this analysis make sense Damian?
Attached Image (click to enlarge)
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  • #17,499
  • Feb 29, 2016 8:27am Feb 29, 2016 8:27am
Quoting Mr. Pip
. I hope your month whether you were on demo or real has been profitable and has helped your belief system that profitable trading and high level trading is not a myth and that it is not complicated. .
Not profitable yet, I understand how to read the markets far better, and can come up a story pretty well to enter the market.

I am just paying my subs before I become profitable!

I know that my stops have not been in the right place, ie, just above/below the immediate pull back as opposed to the swing high/low and getting rid of my risk to quickly.

I have never worked on such a small t/f so I always move my SL to breakeven far too quickly... so my losers are stacking up, when they should have been winners- its all part of the game though.

I only ever practice on a live account as well, so I get the emotions and doubt creeping in which forces me to close trades that should be left to run, but slowly but surely I can see an improvement as I adjust to the style of trading.

Realistically speaking, I think March will be a breakeven month ready to set myself up for next month!

That is what success is looking like to me.... mastering myself, as I think the system, style is great!
  • #17,500
  • Feb 29, 2016 8:30am Feb 29, 2016 8:30am
Quoting rolandW
{quote} ​Had meetings for the past 15 hours, and had the same issue as you, but closed it with about 2 pips... Oh well, not to worry, sure there will be plenty more opportunities! I think it goes to show the quality of the teaching when 3 people can independently see the same thing (even if a bit too quick on the draw to close it for 2 of them, but for the same reasons funnily enough!)
yeah agree with you. it's good to see and even fun that other traders were thinking the same way. anyway, had we kept this trade running, and not close it out of fear, it would have been a nice profit. market keeps making NSL, but I think soon we'll see a nice retrace as the market is reaching 127% extension of the large major swing.
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