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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

  • #19,321
  • Edited 8:37am May 4, 2016 8:06am | Edited 8:37am
I would tend to go long on dow, since bears candle weak (wicks); @ 17653.

Since I am not sure, I stay out and watch.

Update: I would have closed it (I traded this only mentally) at 17656 (takes too long). This would have been a mistake, since price went up. Ok, the short afterwards would have been much better and in line with expectations.
  • #19,322
  • May 4, 2016 8:17am May 4, 2016 8:17am
Quoting jmezz
{quote} The 'minimum' value is the value you want the fr/sr ratios to start kicking in. So for example, if you start with $10,000 and set your minimum to $5,000, the fr/sr ratios will not start updating until you reach $15,000 account value.
Got it. thanks.
  • #19,323
  • May 4, 2016 8:55am May 4, 2016 8:55am
Eurusd 15m

expectation nsh

sl just below the structure
tight stop loss
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  • #19,324
  • May 4, 2016 10:33am May 4, 2016 10:33am
No trades yet today.

Very frustrated with YM and ES price action.
  • #19,325
  • May 4, 2016 11:10am May 4, 2016 11:10am
Quoting jmezz
No trades yet today. Very frustrated with YM and ES price action.
The ES retraced up to 2053.50 just above the 61.8% of the last significant swing (2059.25..2040.75). Is it not your ideal pullback ratio?
  • #19,326
  • May 4, 2016 11:25am May 4, 2016 11:25am
Good morning everybody

US30 - 144T

This is kind of what I'm expecting. I'm not so confident in the bulls based on the NSL to NSH then a complex PB into the 78.6 territory which is in line with expectation to move up. It could be a turn around but the bears have been pretty strong lately after temporary rally's. But if it does move up , I'm more confident in the bears to regain control.

Otherwise, i'm waiting to see what price prints

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  • #19,327
  • May 4, 2016 11:39am May 4, 2016 11:39am
Quoting crixus
{quote} The ES retraced up to 2053.50 just above the 61.8% of the last significant swing (2059.25..2040.75). Is it not your ideal pullback ratio?
It did, however what kept me out was the overall confusion I had at that point.

Momentum was falling off until that last leg into the 61.8 where it gained momentum.

Projection was gaining until that last leg where it fell a little short of the prior leg projection.

Depth was increasing until last leg where the depth was much smaller.

Price did cut through a supply zone I had marked and I was also thinking in the back of my head that this could be the squeeze that I was keeping an eye out for, so I didn't want to jump in front and try to short that.
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  • #19,328
  • May 4, 2016 12:10pm May 4, 2016 12:10pm
Quoting jmezz
{quote} It did, however what kept me out was the overall confusion I had at that point. Momentum was falling off until that last leg into the 61.8 where it gained momentum. Projection was gaining until that last leg where it fell a little short of the prior leg projection. Depth was increasing until last leg where the depth was much smaller. Price did cut through a supply zone I had marked and I was also thinking in the back of my head that this could be the squeeze that I was keeping an eye out for, so I didn't want to jump in front and try to...
The breakout failure at your supply zone is a good illustration of trapped traders trying to reverse the longer term downtrend. You want to fade these guys. I know you don't look at horizontal volume but 2053.50 was the most transacted price level overnight. The ES likes to tag these high volume levels before resuming their natural course.
  • #19,329
  • May 4, 2016 12:53pm May 4, 2016 12:53pm
US30 - 144T

uhmmmm. Well, those expectations never worked out, LOL

really tempted to take this long but I'm still not confident in the bulls. Still looking for shorts.

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  • #19,330
  • Edited 1:41pm May 4, 2016 12:58pm | Edited 1:41pm
Quoting crixus
{quote} The breakout failure at your supply zone is a good illustration of trapped traders trying to reverse the longer term downtrend. You want to fade these guys. I know you don't look at horizontal volume but 2053.50 was the most transacted price level overnight. The ES likes to tag these high volume levels before resuming their natural course.
Hi Crixus,

you see the transacted price levels with futures trading, right?

Sorry to ask the stupid question, what is ES? Is this the spanish stock market?

Is there a way to see that with cfd's?

@jmezz: Do not worry, I missed my entry (big retracement after the second NSL) for which I was looking for. I could only collect real 10 points (on dax this morning; this was tough, since price moved like hell in all directions and with big candles) and 3 virtual points.
  • #19,331
  • May 4, 2016 1:06pm May 4, 2016 1:06pm
YM 27pts
ES 3pts
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  • #19,332
  • May 4, 2016 1:12pm May 4, 2016 1:12pm
Quoting jmezz
YM 27pts ES 3pts {image} {image}
congrats. Nearly pain free trades.

You did much better than me.
  • #19,333
  • May 4, 2016 1:14pm May 4, 2016 1:14pm
Quoting crixus
{quote} The breakout failure at your supply zone is a good illustration of trapped traders trying to reverse the longer term downtrend. You want to fade these guys. I know you don't look at horizontal volume but 2053.50 was the most transacted price level overnight. The ES likes to tag these high volume levels before resuming their natural course.
Thank you for input.

I think the main problem for me was that we have 2 very short ON sessions and to me it looked like the beginning of a solid squeeze.
  • #19,334
  • May 4, 2016 1:17pm May 4, 2016 1:17pm
Quoting jmezz
YM 27pts ES 3pts {image} {image}
nice trade I wonder if you have a lossing trade
  • #19,335
  • May 4, 2016 1:19pm May 4, 2016 1:19pm
Quoting evocpr19
{quote} congrats. Nearly pain free trades. You did much better than me.
Took some heat on the YM trade. I entered too early because I saw that rotation bar at the 50% and also right with all the congestion.

Hindsight that wasn't the best entry as that rotation bar made a higher high than the bar before it. Waiting til the 61.8 would yielded a better entry.
  • #19,336
  • May 4, 2016 1:20pm May 4, 2016 1:20pm
Quoting jmezz
YM 27pts ES 3pts {image} {image}
I'm glad you got that YM trade. Looked at it but couldn't decided if it was the right thing to do. Afterwards tho, it looked right. good job
  • #19,337
  • May 4, 2016 1:44pm May 4, 2016 1:44pm
Quoting jmezz
{quote} Thank you for input. I think the main problem for me was that we have 2 very short ON sessions and to me it looked like the beginning of a solid squeeze.
Nice trades and well played. Congrats.
  • #19,338
  • May 4, 2016 2:55pm May 4, 2016 2:55pm
Quoting jmezz
YM 27pts ES 3pts {image} {image}
Update, tried a couple more -

YM -6
ES b/e

YM trade was a failed 78.6 bounce. Could have quickly moved to b/e but wanted to give it a little more room however was stopped out. Poor read as the momentum picked up going into my entry.

ES way expensive entry however I thought I was going to hitch a ride on the 3:30 ramp. Did not want to give that much room as it was more of a momentum play so moved to b/e right away.
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  • #19,339
  • May 4, 2016 3:03pm May 4, 2016 3:03pm
US30 - 144T

took a quick +22 pips. Thats it for me.

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  • #19,340
  • May 4, 2016 3:05pm May 4, 2016 3:05pm
Quoting jmezz
{quote} Update, tried a couple more - YM -6 ES b/e YM trade was a failed 78.6 bounce. Could have quickly moved to b/e but wanted to give it a little more room however was stopped out. Poor read as the momentum picked up going into my entry. ES way expensive entry however I thought I was going to hitch a ride on the 3:30 ramp. Did not want to give that much room as it was more of a momentum play so moved to b/e right away. {image} {image}
That's tough on the YM.

I was looking at the same thing but on my feed I couldn't get the entry.
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