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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

  • #17,961
  • Mar 8, 2016 8:40am Mar 8, 2016 8:40am
Quoting beepbop2015
No trade for me yet, but this is my current reading of USP/JPY. {image}
be careful with that pair. You should realize that you are in a downtrend. those small swing that you noted as NSH, could be simply part of the correction of the large swing to the downside (more to the left). just be careful...market is speeding to the downside.
  • #17,962
  • Mar 8, 2016 8:46am Mar 8, 2016 8:46am
Quoting ujku80
{quote} be careful with that pair. You should realize that you are in a downtrend. those small swing that you noted as NSH, could be simply part of the correction of the large swing to the downside (more to the left). just be careful...market is speeding to the downside.
Thanks! I am happy to trade smaller swings on 4H chart, but in this case I will be cautious and will need to see price stabilize and significant rotation before I take a long.
  • #17,963
  • Mar 8, 2016 9:58am Mar 8, 2016 9:58am
One of those trades not proud of taking..
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  • #17,964
  • Mar 8, 2016 10:22am Mar 8, 2016 10:22am
Quoting hovedguy
One of those trades not proud of taking.. {image}
Could you please explain why not proud (if you went short)
  • #17,965
  • Mar 8, 2016 10:23am Mar 8, 2016 10:23am
Quoting evocpr19
{quote} Could you please explain why not proud (if you went short)
​I was wondering the same thing!!

I'm assuming he went long though?? I'm not familiar with the Ninja Trader icons.
  • #17,966
  • Mar 8, 2016 10:23am Mar 8, 2016 10:23am
Quoting hovedguy
One of those trades not proud of taking.. {image}
if that was a short, looks great to me why do you not like it?
  • #17,967
  • Mar 8, 2016 11:32am Mar 8, 2016 11:32am
I did an anlisys and I put a buy order limit because I had to go out.
I hate it when these things happen ... jejejeje

( I should have waited a test of the low instead of a weak NSL , but the fibbonacci confluence convinced me )
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: US30M5_1.png Size: 48 KB
  • #17,968
  • Mar 8, 2016 11:42am Mar 8, 2016 11:42am
Quoting evocpr19
{quote} Could you please explain why not proud (if you went short)
I think he take the trade consider dangerous near demand zone, because he short very late of that day. depend what is his trading time, at least 2 step backward of lh ideally.

That short trade gain medium momentum with low projection, thus consider risky short, and expectation will be reversal or complex correction.

I dont trade ym, but that my opinion.
  • #17,969
  • Mar 8, 2016 1:26pm Mar 8, 2016 1:26pm
Quoting Harmonic1976
{quote} Thanks, Have a great teacher Let's see if I can catch the next move down. Price played out to previous target area and 1:1 harmonic looks like it is to the pip. I actually just changed E2 to the .618 because there is structure there and a 00 number so if price does go that high... that should be the turning area. Not expecting it to get that far though. E1 is at a minor structure area. Update #1 Progress - Bulls gained momentum but failed to close above .786. Stop moved from above structure to above the candles that failed to close above...
Great analysis harmonic. Even tho you got stopped out your expectations eventually played out. Just had a deeper correction then expected.

Nice chart presentation. Very Clean
  • #17,970
  • Mar 8, 2016 1:54pm Mar 8, 2016 1:54pm
Quoting Masterrmind
{quote} So does the fact that price has headed down nicely and I've missed potentially a 30 - 50 pip move upset me? {image} Perhaps a little but not really because I know my analysis was spot on at least for the present 35 pips price has traveled. Masterrmind............
Nice trading and great reading!
If you fail to plan, you plan to fail.
  • #17,971
  • Mar 8, 2016 1:56pm Mar 8, 2016 1:56pm
Quoting gastonforex
I did an anlisys and I put a buy order limit because I had to go out. I hate it when these things happen ... jejejeje ( I should have waited a test of the low instead of a weak NSL , but the fibbonacci confluence convinced me ) {image} {image}
I understand, I also overestimate fib-levels. However with Mr. Pips teachings I've learnt that they are just a part of the equation not a holy grail.
I like your chart reading and as you said, once price had wicks above previous LH, price should have a very hard time making NSL. Also now that price made a NSH and broke to the upside we could expect a complex correction, possibly deep.
Rise and rise again until lambs become lions
  • #17,972
  • Mar 8, 2016 1:59pm Mar 8, 2016 1:59pm
Quoting evocpr19
Dear Damian, I have a question about start trading versus start of the market. Although, I have seen the opportunity to trade below, I did not take it because it was few minutes before market open. Could the market open have reversed the general expectation (e.g. bank triggers on market start big volumes) or is it only a question of higher volatility? However, I did the analysys: The general order flow was down. We got a NSL. The momentum was less compared to previous swing. The retracement reached the 38.2 fib. Expectation was a new NSL (confluence...
Hello,

Volatility is just that, price may move further then expected in any direction. You should always hold price to the expectation and let the order flow analysis help you understand how deep or shallow the correction should be and understand that the extra volatility may push things deeper or even less deeper.
If you fail to plan, you plan to fail.
  • #17,973
  • Mar 8, 2016 2:01pm Mar 8, 2016 2:01pm
Quoting Masterrmind
{quote} Keep posting away ujku80 your charts are great not only for you because you are putting your own thoughts out in public which are then open to criticism but also for many onlookers who can start digesting the material. It creates a great learning environment for all! Practice makes perfect ........ and in trading plenty of practice makes trading ideas and methodologies click helping to generate those powerful 'ah huh' moments! Masterrmind...........
Well put!
If you fail to plan, you plan to fail.
  • #17,974
  • Mar 8, 2016 2:04pm Mar 8, 2016 2:04pm
Quoting ujku80
Damian, I have no idea how your TP is hit in YM. look the last trade i took. OK, next time i shoot for NSL or NSH no more 1/1 on YM. {image}
LOL it's been choppy lately I took my first long further down then you but ended up with a BE after being up over 30 points and my second trade ended up only taking in 10 points so I only walked away with +15 points. The YM will come around though she is still a beauty to trade.
If you fail to plan, you plan to fail.
  • #17,975
  • Mar 8, 2016 2:06pm Mar 8, 2016 2:06pm
Quoting hovedguy
One of those trades not proud of taking.. {image}
Why not? I took the same trade.
If you fail to plan, you plan to fail.
  • #17,976
  • Mar 8, 2016 2:29pm Mar 8, 2016 2:29pm
Quoting evocpr19
{quote} Could you please explain why not proud (if you went short)
explained in the pic

Quoting Chalky600
{quote} if that was a short, looks great to me why do you not like it?
.

Quoting Mr. Pip
{quote} Why not? I took the same trade.
.
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  • #17,977
  • Mar 8, 2016 2:33pm Mar 8, 2016 2:33pm
Quoting hovedguy
{quote} explained in the pic {quote} . {quote} . {image}
Your reasons were in line with mine but there was more of a case for the short then the long. Good analysis!
If you fail to plan, you plan to fail.
  • #17,978
  • Mar 8, 2016 3:29pm Mar 8, 2016 3:29pm
Quoting hovedguy
{quote} explained in the pic {quote} . {quote} . {image}
Do you not think that in this case the new high is SO small, that its barely a NSH at all? Instead a 100% correction?

Or is a NSH ALWAYS a NSH, even if its half a point? Mr Pip?
  • #17,979
  • Mar 8, 2016 3:30pm Mar 8, 2016 3:30pm
Okay Traders,

I have just made the Market Harmonics Video. It is rendering and as you all know that takes some time. I will be posting it and hope you enjoy it. I will be posting adding some of the harmonics into my daily posting to get you familiar with the Harmonic expectation component to what we do. I will also be doing another live stream some time early next week for your benefit and for you to see more of the harmonics. If this video needs to be followed up with another I will make it but this is not hard and I want to see how you run with it.

I'm guessing it will be up in about an hour or so.
If you fail to plan, you plan to fail.
  • #17,980
  • Mar 8, 2016 3:35pm Mar 8, 2016 3:35pm
Quoting djbenny1
{quote} Do you not think that in this case the new high is SO small, that its barely a NSH at all? Instead a 100% correction? Or is a NSH ALWAYS a NSH, even if its half a point? Mr Pip?
Ideally you want to see it clear the tails to make it more indicative but technically a higher or lower close is a NSH or NSL. You can decide for yourself if you would want to set some conditions to validate a NSH or a NSL such as Price must close at lease 5 points above the previous close or below to be considered a NSH or a NSL. I do not have such requirement but it would be acceptable if you wanted to outline that as a requirement for you.
If you fail to plan, you plan to fail.
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