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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

  • #17,561
  • Mar 1, 2016 3:40am Mar 1, 2016 3:40am
Quoting Asmodai
{quote} 6E is EU right??? I was watching the same but had to leave the PC for a while..... now i'm waiting for it to brake structure to the downside, pull back to structure and go down again for my entry. Asmodai
yes, it is EU. and yes, that is a good strategy. I'm also looking at like that. But keep you mind open at let price tells you in which direction it is headed to.
  • #17,562
  • Mar 1, 2016 3:46am Mar 1, 2016 3:46am
Quoting ujku80
{quote} yes, it is EU. and yes, that is a good strategy. I'm also looking at like that. But keep you mind open at let price tells you in which direction it is headed to.
Sure..... expectations change based on what the chart tells us.

Asmodai
  • #17,563
  • Mar 1, 2016 3:58am Mar 1, 2016 3:58am
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-16 (233 Tick) 01_03_2016_options.jpg Size: 131 KB
  • #17,564
  • Mar 1, 2016 4:08am Mar 1, 2016 4:08am
Quoting Trader818
Although momentum remains relatively strong here, depth has increased with the last leg printing a deep pullback, testing the prior LH. The expectation is for a NSL but it seems there is a possibility that a NSH may be on the horizon, breaking the overhead structure. Anyone seeing the same or am I way off? {image}
i'm agree with u. The bull is gaining momentum and the price should not retraced almost 100%. That's all i know.

please wait for other more experienced traders comment further.
  • #17,565
  • Mar 1, 2016 4:09am Mar 1, 2016 4:09am
Quoting ujku80
{image}
I am already short on this, buying the first price rotation after the pull back, as it hit my expectation...

I suppose, the answer is, why not trade both? Short term price will head down, and then turn around... you may get 3 or 4 Short TF trades, before you start going long to get into the rhythm of the longer TF...

Although saying that, Short term, price has just broken structure...

It is still in my PRZ though... lets see where this goes
  • #17,566
  • Mar 1, 2016 4:18am Mar 1, 2016 4:18am
yes, i see what you mean, and it's not a bad strategy. Trading short term order flow will lead you eventually in line with long term order flow. It's like following the little stream which sooner or later will join the big river.
  • #17,567
  • Mar 1, 2016 4:23am Mar 1, 2016 4:23am
Quoting rolandW
{quote} Although saying that, Short term, price has just broken structure... It is still in my PRZ though... lets see where this goes
I think price could find support at 16613. this could be a complex correction.
  • #17,568
  • Mar 1, 2016 4:27am Mar 1, 2016 4:27am
Quoting ujku80
{quote} I think price could find support at 16613. this could be a complex correction.
Short erm order flow suggest bigger projection, more momentum and depth...?

Looks like a NSH on the Mid and longer term to me...
  • #17,569
  • Mar 1, 2016 4:30am Mar 1, 2016 4:30am
Quoting rolandW
{quote} Short erm order flow suggest bigger projection, more momentum and depth...? Looks like a NSH on the Mid and longer term to me...
oops, oh yeah, now i see it. was looking at EU.
  • #17,570
  • Mar 1, 2016 4:32am Mar 1, 2016 4:32am
Quoting ujku80
{image}
Has same . Are targeting fib ext 23 just above round number. 1.0850
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD (62 Tick) 01_03_2016.jpg Size: 113 KB
Trading in the shadow of SM
  • #17,571
  • Mar 1, 2016 4:32am Mar 1, 2016 4:32am
Longer term order flow expectation is still a NSL though, and it is getting into my longer term PRZ, so need to see if there is a decent rotation of price here, and could get a nice move down... the only issue is that the retrace will be really deep as the NSL didnt make the 127 fib level... if it goes past the 76.8 retracement, I will wiat and see what happens...
  • #17,572
  • Mar 1, 2016 4:37am Mar 1, 2016 4:37am
Quoting rolandW
{quote} Short erm order flow suggest bigger projection, more momentum and depth...? Looks like a NSH on the Mid and longer term to me...
it seems that market just barely made it to 38% retrace and now is headed north....
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-16 (233 Tick) 01_03_2016.jpg Size: 99 KB
  • #17,573
  • Mar 1, 2016 4:42am Mar 1, 2016 4:42am
Quoting Earleone
{quote} Has same . Are targeting fib ext 23 just above round number. 1.0850 {image}
did you have SL moved to BE?
  • #17,574
  • Mar 1, 2016 4:42am Mar 1, 2016 4:42am
Quoting Earleone
{quote} Has same . Are targeting fib ext 23 just above round number. 1.0850 {image}
And taken out at BE SL for 3.5 pips.
Think I wait for US session for new entries.
Trading in the shadow of SM
  • #17,575
  • Mar 1, 2016 4:46am Mar 1, 2016 4:46am
Quoting Earleone
{quote} And taken out at BE SL for 3.5 pips. Think I wait for US session for new entries.
i think fat cats are in action here. market may go north to test the structure at 1.0915. that could be a nice place to look for short
  • #17,576
  • Mar 1, 2016 5:27am Mar 1, 2016 5:27am
Quoting ujku80
{quote} i think fat cats are in action here. market may go north to test the structure at 1.0915. that could be a nice place to look for short
Possible. But it turned again at 38.2 retracement from NSH NSL. Nice weakness and strength after that so I am trying again. Already BE locked in. Lets see if it manage an NSL
Attached Image (click to enlarge)
Click to Enlarge Name: $EURUSD (62 Tick) 01_03_2016.jpg Size: 119 KB
Trading in the shadow of SM
  • #17,577
  • Mar 1, 2016 5:53am Mar 1, 2016 5:53am
YM bulls in control...

Best setup occured at around 2:00AM EST.

Attached Image (click to enlarge)
Click to Enlarge Name: YM_expectation01.jpg Size: 102 KB
  • #17,578
  • Mar 1, 2016 6:58am Mar 1, 2016 6:58am
Good Morning Traders, Hopefully everyone is well today. Tomorrow I will be streaming live via YouTube my live trading session. I hope we get lots of you there. It will be the first time I use Youtube for this and I did a small test yesterday and it seemed to work. My goal is to show you the whole process. and although we still have not covered trade management which I will probably make a video today and release it so that You know how it is done. Yesterday I ended up down 49 points which showed you that we all have losses. I hope it also showed you how I did not get all worked up and flip out over the P/L. We will recover and come out on top soon enough we just have to keep reading and have an expectation.
If you fail to plan, you plan to fail.
  • #17,579
  • Mar 1, 2016 6:59am Mar 1, 2016 6:59am
I will be posting my trades live today as well. I will not be doing the live stream today because I want to get the entry and trade management video out to you first.
If you fail to plan, you plan to fail.
  • #17,580
  • Mar 1, 2016 7:04am Mar 1, 2016 7:04am
I will be trading the YM (DOW) Futures I will be putting the stream link tomorrow around 9:00 AM Eastern time which is 2:00 PM GMT (ZULU)
If you fail to plan, you plan to fail.
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