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"Ratios & Harmonics: a Different Way to Trade." Summary 37 replies

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Attachments: Ratios & Harmonics: a Different Way to Trade
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Ratios & Harmonics: a Different Way to Trade

EURUSD 15M

EXPECTATION NSH

YESTERDAY TRADES:
BE 3 PTS. BE 3PTS=6Pts


CURRENTLY LOCKED IN BE 5PTS
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Quoting mjgoldtrader
{quote} Hello Mack, I also read your trade plan and I like it you are good, it's so simple. Yes I trade with my smartphone, since I can't carry all the time my laptop here in the control room, so I just trade using MT4 android app and screenshot my trade plan.
My Android MT4 doesn't have Fibonacci levels (or I can't find them)
Quoting fonx
{quote} My Android MT4 doesn't have Fibonacci levels (or I can't find them)
You've got to put the chart in landscape mode to get the drawing tools.
Quoting djbenny1
{quote} You've got to put the chart in landscape mode to get the drawing tools.
Haha thanks mate, I feel like an idiot (I've been using android mt4 for many months )
Quoting disker23
{quote} EURUSD is waiting for Senor Draghi to speak Thursday before it decides to do what our central planners want it to. Like today, the big boys will continue to bid it up tomorrow before draghi speaks thursday to assure they get a good price when thursday's firesale comes 'round.
Interesting point of view. Let's see if you are right.
Quoting fonx
{quote} My Android MT4 doesn't have Fibonacci levels (or I can't find them)
I think the latest version for android is very convinient you'll just tap the chart and everything is there. Indicators, timeframes, amd drawing tools
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Morning everyone, here's what I'm looking at.

ES, NQ, TF, all ~95% net long while YM looks 60/40. Regardless, will keep a fade in the back of my mind.

YM testing short term structure right now which makes me believe that a NSH is less likely. So right now am thinking it could break and fade to 50-61.8 area of main swing where we could see an attempt to correct, or possibly fade further.

Given this info, am less likely to press a long today unless price exhibits strength to the upside via momentum and projection.

Ultimately will watch order flow for clues.

Hope everyone has a great trading day!
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Eurusd 15m

locked in 40pts

expectation nsh
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Quoting mjgoldtrader
Eurusd 15m locked in 40pts expectation nsh {image}
Nice trade, I spotted too that entry but missed to place order due to my daily job activity
Quoting mjgoldtrader
{quote} I think the latest version for android is very convinient you'll just tap the chart and everything is there. Indicators, timeframes, amd drawing tools {image}
Yeah mate, now I know how to do it in landscape and portrait positions. Fibo tool is a bit tricky to lay, or maybe it's because my saussage finders
Today:

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The first trade is not typical for me, but something I am trying out: price was searching an equilibrium getting ready to break out and my analysis of the orderflow and PA told me it would be to the upside. I was right this time, will have to keep track whether this type of entry is going to be profitable, but risk-reward was okay so I do not see why not.

Second trade I closed when I saw the price move to the downside. Would have been better to keep it open, but I do not regret it.

I missed any opportunity to get long with the big move, because I was not in front of the computer.

I managed to find a late setup that worked out just beautifully - it is so nice when price acts according to my expectations.

I am trying out closing the trades manually and not trailing so much, because I left a lot on the table with trailing last week and it was a losing week because of it. Now taking profits early with fixed profit targets for a while to see if it fits me better or if I can evaluate situationally.
Hmm i hope all is well with Mr Pip
Quoting buzznack
Hmm i hope all is well with Mr Pip
Yes, indeed. Hopefully just some real-life stuff and he will be back soon...
Quoting jmezz
Morning everyone, here's what I'm looking at. ES, NQ, TF, all ~95% net long while YM looks 60/40. Regardless, will keep a fade in the back of my mind. YM testing short term structure right now which makes me believe that a NSH is less likely. So right now am thinking it could break and fade to 50-61.8 area of main swing where we could see an attempt to correct, or possibly fade further. Given this info, am less likely to press a long today unless price exhibits strength to the upside via momentum and projection. Ultimately will watch order flow...
Nice call and better disciplant. I hope everyone is winning.

Waiting for price to come to me. Because of the strength of the Bears and the projection of the NSL that bucked the trend, I'm looking for a moderate to deep correction for more bearish follow up. (50% - 78.6% ; looking hard at 61.8% tho). Maybe a 1 to 1 down to the L/T 50% and Demand. To early to call. looking to evaluate the current swing.

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Quoting buzznack
Hmm i hope all is well with Mr Pip
hello hello

Don't worry about Mr.Pip. I've been on this thread for almost 4 years. Shit has it been that long. But I'm still learning. Mr.Pip sometimes exits the thread to give people room to breath, learn, practice and to catch up. or maybe he just goes on vacation. haha!

a lot of times participation fades and almost, at times, evaporates. A couple of times, I thought it was dead. But it always comes back because its full of gold. we can learn from each other in these times. Sometimes people will come along with hybrid systems of Mr.Pips strategy and volume profiles or ema, or etc... try not to sway the coarse, but all have experience to learn from. I try to participate has much as possible but like others. we have families, jobs , and chores.

I like the idea of folks posting practical theory questions. I read em at work. For some reason my mobile phone wont let me post comments. weird uh

Anyway, try to hone your skills and learn from your mistakes. Mr.Pip will be back. But don't be surprised if its not for a few months.
US30 - 144T

Might have entered prematurely. Forgot to set my SL & TP's as well but anyways here it is. Looking for a Push down to the 17950. I'll be monitoring after market for this one. Hopefully able to get to B/E before the US close tho.

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Hey all! I'm still trying to get back in the swing of things after being in the hospital for so long. I'm taking it easy, working from home a little here and there, and not really trading a ton... But I did take trade today. I've been going back and forth again on the Renko bars, as I really do like them a lot better than normal candlesticks. YMMV.

Here's my trade on the USDJPY for Renko (23 point / 2.3 pip bars). I cut out at almost a 3:1 reward:risk, which turned out to be near the top of the high for the day.

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Markets can remain irrational longer than you can remain solvent - JMK
Frustrating day here as I wanted to take these trades however they did not pull back to where I wanted them.

Oh well, tomorrow is a new day.
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Quoting Mack2013
{quote} hello hello Don't worry about Mr.Pip. I've been on this thread for almost 4 years. Shit has it been that long. But I'm still learning. Mr.Pip sometimes exits the thread to give people room to breath, learn, practice and to catch up. or maybe he just goes on vacation. haha! a lot of times participation fades and almost, at times, evaporates. A couple of times, I thought it was dead. But it always comes back because its full of gold. we can learn from each other in these times. Sometimes people will come along with hybrid systems of...
Interesting. When I read back in the thread, I did notice one instance of him stepping away for a substantial period of time. Hope he's no gone for a while again, I still have tons of questions haha!

Quoting Mack2013
US30 - 144T Might have entered prematurely. Forgot to set my SL & TP's as well but anyways here it is. Looking for a Push down to the 17950. I'll be monitoring after market for this one. Hopefully able to get to B/E before the US close tho. {image}
When I got back to my pc I saw this leg setting up but I don't hold positions overnight so there was no sense in attempting it. Hope this trade works out for you though

Also how are you liking Ninja so far?
EURUSD 15M

Good morning everyone

EXPRCTATION NSH

REASON FOR ENTRY 1)BAR BY BAR ANALYSIS 2) 38.2 FIB RETRACEMENT

SL - BELOW 61.8 RET
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