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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

  • #18,001
  • Mar 9, 2016 1:36am Mar 9, 2016 1:36am
Quoting Timwelch
I concur. The trend is your friend... Speaking of USD/JPY (233 tick). Just took this lovely little rollover for a quick 2:1... I expect it to go all the way to the 127% extension. It hit the 78.6% fib of the last swing and pounced off of it like a cheetah pouncing on a gazelle. But, I'm working late and didn't have the patience to ride it out, so I got out at the first swing candle up. {quote} {image}
hehe. good job tiger...sorry, i mean cheetah.
  • #18,002
  • Mar 9, 2016 1:54am Mar 9, 2016 1:54am
Quoting Mr. Pip
Ok Traders, Here is the video on Market Harmonics. We don't get into the patterns yet but the power of Harmonics is very powerful. Enjoy the video and as always please critique and post your questions. https://youtu.be/y7h8QBM9qNo
Thank you for the video Damian. As you've probably noticed I'm very found of harmonic moves. I can't decide where to enter or get out without first projecting harmonics in my charts. It's a very powerful tool. I use them for both short term and long term. In E/U pair they work extraordinarily with very high precision. Actually it really amazes me how precise they are and still i wonder how can this happen. I almost feel like i need to do a proper research to find out the reason and the cause that makes them happen.
  • #18,003
  • Mar 9, 2016 2:32am Mar 9, 2016 2:32am
Quoting Harmonic1976
{quote} Thanks Man, Is the demo permanently free (with FXCM demo)?? I recently started trying out NinjaTrader the same way and I like it... wish it wasn't so expensive outright and I don't want to pay higher commissions to use it. One day
There is bridge solution available ( free for 2 instruments ) at http://conscioustrading.net/?page_id=1956 . I use it and it works very well bridging the trades between Ninjatrader and Metatrader.
Trading in the shadow of SM
  • #18,004
  • Mar 9, 2016 4:34am Mar 9, 2016 4:34am
Hi everyone.....

My 2 trades this morning.....

EJ 5m...

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Was thinking about extending target but price moved fast and hit my TP , i'm happy with the trade.

EU 5m...

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Taken out for a small profit.

Any thoughts on the trades?? Any things you guys would do different??

Asmodai
  • #18,005
  • Mar 9, 2016 6:07am Mar 9, 2016 6:07am
Quoting Asmodai
Hi everyone..... My 2 trades this morning..... EJ 5m... {image} {image} Was thinking about extending target but price moved fast and hit my TP , i'm happy with the trade. EU 5m... {image} {image} Taken out for a small profit. Any thoughts on the trades?? Any things you guys would do different?? Asmodai
I've had a good look over your EJ trade Asmodai........

Appears you waited for a retrace of price close to the 786 Fib (just shy of the mark actually) and entered on the next sign of a bearish candle with a glance of some rotation in price.

I think you did quite well considering it was a live trade.

In hindsight and also live trading it would have been possible to simply wait for a retest of that 786 Fib level but the trouble with that is you might have missed a good short down if price kept going.

You should always try to look at techniques you can apply to your trading that can limit your DD!
This is far easier to say than to do because you never really know how much DD a given entry will get no matter the confluence of multiple factors.

I think you made a great trade ..... well done!

Masterrmind.............
Master your Mind then Master your Trades
  • #18,006
  • Mar 9, 2016 6:09am Mar 9, 2016 6:09am
As far as I know it's free forever. I would imagine being logged into FXCM through Ninja would keep the account active and alive. :-) Mine hasn't been cancelled yet, and I'll just make a new demo if it does. lol I do have a live account with them as well, I like them. (I had issues before with spread on a demo account, but I spoke with someone who cleared that up.)

Quoting Harmonic1976
{quote} Thanks Man, Is the demo permanently free (with FXCM demo)?? I recently started trying out NinjaTrader the same way and I like it... wish it wasn't so expensive outright and I don't want to pay higher commissions to use it. One day
Markets can remain irrational longer than you can remain solvent - JMK
  • #18,007
  • Mar 9, 2016 6:28am Mar 9, 2016 6:28am
Thank you for this piece of the puzzle, Mr. Pip! My confidence in trading and in this system grows daily, and I have you to thank! Be blessed, my friend!

Quoting Mr. Pip
Ok Traders, Here is the video on Market Harmonics. We don't get into the patterns yet but the power of Harmonics is very powerful. Enjoy the video and as always please critique and post your questions. https://youtu.be/y7h8QBM9qNo
Markets can remain irrational longer than you can remain solvent - JMK
  • #18,008
  • Edited 10:04am Mar 9, 2016 8:55am | Edited 10:04am
Good Morning Traders,

This could be useful to those who use tradingview as their charting package. I just figured out that you can turn on # of Bars, Distance (pips), and Angle of lines that you draw. You can also have the stats always shown or just shown when you mouse over them. Pretty cool to get a more detailed assessment of your momentum lines.

If you double click the line you'll have access to these options in the style. Pretty cool and could be useful for your analysis. For example with USDJPY this morning, it's moving up at a pip per bar and the angle of the momentum is increasing.

Update: I'm not sure if distance is in pips actually... but it can help with your analysis just by seeing if it is increasing or decreasing.
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  • #18,009
  • Mar 9, 2016 9:25am Mar 9, 2016 9:25am
Quoting ujku80
{quote} Thank you for the video Damian. As you've probably noticed I'm very found of harmonic moves. I can't decide where to enter or get out without first projecting harmonics in my charts. It's a very powerful tool. I use them for both short term and long term. In E/U pair they work extraordinarily with very high precision. Actually it really amazes me how precise they are and still i wonder how can this happen. I almost feel like i need to do a proper research to find out the reason and the cause that makes them happen.
That research would be cool to see.
If you fail to plan, you plan to fail.
  • #18,010
  • Mar 9, 2016 9:26am Mar 9, 2016 9:26am
Quoting Asmodai
Hi everyone..... My 2 trades this morning..... EJ 5m... {image} {image} Was thinking about extending target but price moved fast and hit my TP , i'm happy with the trade. EU 5m... {image} {image} Taken out for a small profit. Any thoughts on the trades?? Any things you guys would do different?? Asmodai
Good Trades
If you fail to plan, you plan to fail.
  • #18,011
  • Mar 9, 2016 9:26am Mar 9, 2016 9:26am
Quoting Timwelch
Thank you for this piece of the puzzle, Mr. Pip! My confidence in trading and in this system grows daily, and I have you to thank! Be blessed, my friend! {quote}
Anytime Time!
If you fail to plan, you plan to fail.
  • #18,012
  • Mar 9, 2016 10:04am Mar 9, 2016 10:04am
Hello Traders,

2 trades today one BE +4 and one for 16 not too much but a green day! Market was a bit tough today but read it pretty well. I am pleased. Missed the big trade of the day but that's life. I'm in my last trade of the day. Will post the chart when finished.
If you fail to plan, you plan to fail.
  • #18,013
  • Edited 11:21am Mar 9, 2016 10:30am | Edited 11:21am
Mr. Pip -

I was confused by something today.

-The /ES made a small projection NSH (white circle) which then gives expectation of a deep pullback with a NSH following.
-Price came and broke prior swing low (yellow line)

At this point I wanted to go short as it broke a prior swing low however stopped myself because I wasn't sure what this means.

Because it broke a prior swing low while still within the main swing (cyan line) that does not give the go ahead to short, it just turns price action into a complex correction right? The expectation is still a NSH unless the low of the main swing (1976) is taken out, correct?

Edit - To clarify, what I meant by saying that I wanted to go short was that I wanted to look for a pullback to play a short.

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  • #18,014
  • Edited Mar 10, 2016 5:35am Mar 9, 2016 11:53am | Edited Mar 10, 2016 5:35am
I am apologize for this post, Hope u will forgive me, that it is not about trading
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Even though I walk through the darkest valley, I will fear no evil
  • #18,015
  • Mar 9, 2016 12:06pm Mar 9, 2016 12:06pm
Quoting monocor
I am apologize for this post, Hope u will forgive me, that it is not about trading {image}
A lot of bad and ugly things are happening in this world, but PLEASE DON'T bring politics to this lovely thread
  • #18,016
  • Mar 9, 2016 12:24pm Mar 9, 2016 12:24pm
  • #18,017
  • Mar 9, 2016 1:43pm Mar 9, 2016 1:43pm
Quoting ujku80
{quote} Thank you for the video Damian. As you've probably noticed I'm very found of harmonic moves. I can't decide where to enter or get out without first projecting harmonics in my charts. It's a very powerful tool. I use them for both short term and long term. In E/U pair they work extraordinarily with very high precision. Actually it really amazes me how precise they are and still i wonder how can this happen. I almost feel like i need to do a proper research to find out the reason and the cause that makes them happen.
I kind of have a theory and its just a theory but here it goes....

There some big fish in the sea with a lot of money at play. They cant just go into a market and buy/sell 100 billion dollars of any financial instrument. So they have to buy/sell them in increments whether it be half now and the other half on the PB or a third now and a third later and the rest after that. with each buy and sell on pullbacks. thats why you get the 1 to 1's, 3 drives patterns, etc.... basically the average in and then average out in areas of (or create their own areas) of liquidity.

now the pullbacks maybe a part of their manipulation or others trading against em (retailers and such). who knows but they wait for a better price then engage their other portion of their investment. I would assume that they use retracements like the 50% before initiating.

The reason you get varies size of harmonic moves is all based on their portfolio size and how many whales are playing the game. some team up and some are competitors. This doesn't mean all whales play the same game some are fundamentalist, some technical, some bots/algo's, etc but they all have to buy and sell.

Like I said, just a theory... Tomorrow i'm going to see why McDonalds doesn't sell hot dogs.
  • #18,018
  • Mar 9, 2016 1:57pm Mar 9, 2016 1:57pm
Quoting gastonforex
{quote} I understand, they are just a part of the equation. There was a pinbar candle above fibos confluence and it was in the demand zone, next candle was strong and price rotation. Price is doing a deep correction as you said . When the first NSH is made, do you always expect a complex correction? and possibly deep? Thank you
My initial thought is that price will have a complex deep correction with a reversal. The reason for this is that we just got a confirmation that bulls/bears wants to take over but that doesn't mean the other side just rolls over and give up. Of course I take into consideration things like order flow (projection of new NSX, momentum), volume and price action as well as structure.

Maybe some of you guys made some backtesting and can provide numbers on this? Otherwise I will try to look at it but it will have to wait a few days, going on a business trip.
Rise and rise again until lambs become lions
  • #18,019
  • Mar 9, 2016 4:12pm Mar 9, 2016 4:12pm
This morning I took the USD/JPY long I wrote about yesterday. It is currently up 60 pips and I have locked in ten. Trade management still feels a bit amorphous to me-- do I lock in more so as not give all that back, or do I give my trade more breathing room? At any rate it is near some structure so I'm not sorry to be at break even plus a little something.
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  • #18,020
  • Mar 9, 2016 4:16pm Mar 9, 2016 4:16pm
I am also short USD/CAD. My original stop was quite roomy which I regretted when it moved far against me as you can see in the chart, but in this case I guess that was good because it came back around again. Up about 70 pips, locked in 20.
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