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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

  • #19,141
  • Apr 22, 2016 9:47am Apr 22, 2016 9:47am
1.11890 (FUTURES) ---lets see! (thats where price WILL go)
  • #19,142
  • Apr 22, 2016 10:39am Apr 22, 2016 10:39am
Eurusd 15m

expectation nsl

sl moved locked in 30pts
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  • #19,143
  • Apr 22, 2016 11:04am Apr 22, 2016 11:04am
Would like some feedback from the thread.

How does everyone feel about these types of engulfing bars where the body engulfs the prior body however does not close beyond the prior candle?

Does anyone hesitate taking these over a conventional engulfing?
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  • #19,144
  • Apr 22, 2016 12:00pm Apr 22, 2016 12:00pm
Quoting Mack2013
{quote} It looks like you did very well and managed it correctly. It looks like you were using between 38.6 - 50% retrace of current swing to trail stops. Its a shame that price tagged you and then retested but I think it was the right thing to do. Your entry was good too PS try to black out your account information on the trade manager. your account # is exposed Edit: oh I just seen that its a demo account (top left corner). Something to keep aware of when you go live tho
Hey Mack thanks alot for the feedback mate i really appreciate it, ive not had much time this week to spend on this but next week im dedicating all 5 days to it so i hope to pick up the pace alot. In terms of taking trades in that complex correction after, is there any opportunities in there you would of taken?

Cheers
Harry
  • #19,145
  • Apr 22, 2016 12:23pm Apr 22, 2016 12:23pm
Eurusd 15m

expectation nsl

locked in +50pts,

happy weekend everyone

take care goodnight!
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  • #19,146
  • Apr 22, 2016 2:16pm Apr 22, 2016 2:16pm
Quoting mjgoldtrader
Eurusd 15m expectation nsl locked in +50pts, happy weekend everyone take care goodnight! {image}
Awesome MJ, i was stopped out at +20 pips
  • #19,147
  • Apr 22, 2016 4:10pm Apr 22, 2016 4:10pm
Quoting jmezz
Would like some feedback from the thread. How does everyone feel about these types of engulfing bars where the body engulfs the prior body however does not close beyond the prior candle? Does anyone hesitate taking these over a conventional engulfing? {image} {image}
Rotation candle for sure i think. Anything that closes more than half way through previous candle. Its all about where its happening not so much the single candle
  • #19,148
  • Apr 22, 2016 4:10pm Apr 22, 2016 4:10pm
Quoting jmezz
Would like some feedback from the thread. How does everyone feel about these types of engulfing bars where the body engulfs the prior body however does not close beyond the prior candle? Does anyone hesitate taking these over a conventional engulfing? {image} {image}
In your first sample, the bar in black is showing a HH and HL so the trend is still up. In the second sample, the white bar is showing a LL and equal Hi, i would assume the move to the downside intact.
  • #19,149
  • Apr 22, 2016 11:08pm Apr 22, 2016 11:08pm
Quoting skyline
{quote} Awesome MJ, i was stopped out at +20 pips
nice catch there too Skylline

+20 pts

happy weekend!
  • #19,150
  • Apr 23, 2016 4:35am Apr 23, 2016 4:35am
Why not take these obvious no brainer trades?
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  • #19,151
  • Edited 5:30am Apr 23, 2016 5:17am | Edited 5:30am
Quoting Ren1058
Why not take these obvious no brainer trades? {image}
Looking history some of this look like nobrain trades. Live is something else.

When it line up with confluence with fib level and s/r that is exactly the ones we try to take. But we take entry after the candle close in the direction of the trade so we will not come in at the top of any of this levels. It is very easy to see where entries should have been taken in history, unfortunately a little bit more difficult in real time when the candles are not formed yet . Before each turn if you zoom in at level in history there is mostly something that could have been the turn to before it actually turned.
Trading in the shadow of SM
  • #19,152
  • Apr 23, 2016 5:47am Apr 23, 2016 5:47am
Quoting Ren1058
Why not take these obvious no brainer trades? {image}
I didn't take any of those longs because that was the day I decided to experiment with the NQ, so I wasn't focused on any other symbol. And those shorts were outside of my trading hours as I trade the New York RTH session.
  • #19,153
  • Apr 23, 2016 12:59pm Apr 23, 2016 12:59pm
Quoting jmezz
Would like some feedback from the thread. How does everyone feel about these types of engulfing bars where the body engulfs the prior body however does not close beyond the prior candle? Does anyone hesitate taking these over a conventional engulfing? {image} {image}
Interesting question...

I would agree that a close of the prior high is a stronger indication but context would be more important.

I use to trade a strategy but using engulfing patterns on the 5m and it was not very successful. With out the other key elements like structure analysis its useless.
  • #19,154
  • Apr 23, 2016 1:15pm Apr 23, 2016 1:15pm
Quoting Hazza88
{quote} Hey Mack thanks alot for the feedback mate i really appreciate it, ive not had much time this week to spend on this but next week im dedicating all 5 days to it so i hope to pick up the pace alot. In terms of taking trades in that complex correction after, is there any opportunities in there you would of taken? Cheers Harry
not that I can see. It was a pretty tight range afterwards so... I thought you did pretty well.
  • #19,155
  • Apr 23, 2016 1:26pm Apr 23, 2016 1:26pm
Quoting jmezz
{quote} This was an excellent trade man, you took a huge chunk of that leg! I'm not sure that you entered too early as that was the first back test of that breakdown level and was also the completion of a 1:1. Plus you had that nice engulfing bar, although it was a fairly large range for that bar. If you think you entered early, where would you have preferred to enter?
Its always easier to look back in hindsight but with the strong bullish bar in contexts I should of assumed of a struggle or at least a follow up. The ideal entry is the yellow arrow I printed.

The problem with waiting sometimes is that price sometimes doesn't do what is expected and moves without you so maybe it was a good entry. Its hard to say. Maybe even look at a entry that limited my risk after my decision was made could of been the right call but you just never know

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  • #19,156
  • Apr 24, 2016 12:08pm Apr 24, 2016 12:08pm
Hey guys what do you think?

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  • #19,157
  • Apr 24, 2016 1:20pm Apr 24, 2016 1:20pm
Quoting Hazza88
Hey guys what do you think? {image}
Uhmmmmm. I was just looking at the charts to post a training senario. Dont worry I'm not cheating. hehehe

Your right after a NSH to NSL the general rule is a deep retracement but then you got to modify those expectations by analyzing the strength of order flow so here I go....

Personally I would be looking at the 50% - 78.6% retracement just because of the structured ceiling involved in that area and the amount of volatility to zig then zag price. The strength of the volitility has me thing lower end so possible 50%- 61.8 but I wouldn't be surprised that if it reached the 78.6. I particularly don't like that entry because the rejection is weak compared to the volume in the previous bars. I would be looking for something a little more convincing.

I also find interesting how price never broke the lows on the second attempt, I would be looking for a short still be this would probable keep me questioning there strength. If price closes in the 78.6 - 88.6 , I would question the bears ability to make a strong NSL (127.2 ext). But at that point I would have modified my expectations with the information that has come in

Note: I did take a look at the date and I'm in western canada (Pacific time and March 5 runs on a Saturday for me so I'm assuming the its a Friday for you. (otherwise the markets would be close). I would be weary of intraday trading on information at the close of a week. Just in my opinion, the information can be unreliable and the open brings weekend buyers and seller.

Please post results once everybody has chimed in. thanks hassa
  • #19,158
  • Apr 24, 2016 8:51pm Apr 24, 2016 8:51pm
Hey everyone. I'm a higher TF trader so thought I'd try Mr. Pip's methods on the 4H.

Here's a couple I entered tonight.

First is the UsdJpy. Looking for a NSL. Took the short of the 707 fib and targeting the 127 extension.

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Then on the GbpAud also expectation of an NSL. This time I took the short of the 886 fib with similar target.

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  • #19,159
  • Apr 25, 2016 12:33am Apr 25, 2016 12:33am
Eurusd 15m

good monday everyone

expectation nsl

waiting for retracement

entry @ fib level, bar by bar analysis, structure area

Eurusd 15m

expectation nsl

waiting for a deeper correction @ 618 or 786
prrvious strong support area
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  • #19,160
  • Apr 25, 2016 4:23am Apr 25, 2016 4:23am
EURUSD 15M

EXPECTATION NSL

TRIGGER ENTRY @ 50 FIB, bar by bar analysis, structure area

SL- just above the 61.8 fib
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