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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

  • #19,381
  • May 6, 2016 5:48am May 6, 2016 5:48am
YM this morning, so far

NFP volatility still happening.

I dunno guys, I have a feeling we bounce today. Will keep that in back of my mind and watch order flow.
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  • #19,382
  • Edited 7:57am May 6, 2016 7:07am | Edited 7:57am
jumped in at 17579. minus 8 by now

edit : + 5

edit : did not move to BE at + 25. Ended up with - 40.
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  • #19,383
  • May 6, 2016 8:44am May 6, 2016 8:44am
Got back +28 from the DAX.

- 12 for the day.

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  • #19,384
  • May 6, 2016 9:15am May 6, 2016 9:15am
Eurusd 15m

happy weekend every one take care! See you next week...

Expectation nsl

no trade today, just closed @ be +4pts
next week i'll start my new account and will use the trade explorer and share my progress
  • #19,385
  • May 6, 2016 9:45am May 6, 2016 9:45am
Quoting mjgoldtrader
Eurusd 15m happy weekend every one take care! See you next week... Expectation nsl no trade today, just closed @ be +4pts next week i'll start my new account and will use the trade explorer and share my progress
Nice . look forward to your results.
  • #19,386
  • May 6, 2016 11:17am May 6, 2016 11:17am
US30 - 89T

Simple enough looking to continue at the 38.6-50 again.

sorry for the double entry. forgot to reset ATM strategy after practicing on another market. +31 Left a few pips on the table but its okay
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  • #19,387
  • May 6, 2016 12:56pm May 6, 2016 12:56pm
Quoting jmezz
YM this morning, so far NFP volatility still happening. I dunno guys, I have a feeling we bounce today. Will keep that in back of my mind and watch order flow. {image}
Well my hunch was correct however I didn't capitalize on it

I missed a nice entry in the direction of long term flow and the 618 zone because I wasn't sure if there was going to be more selling. I think sometimes I get too tangled up in the short term.

Was eyeing 3 possible entries today but didn't take any of them. Notes on chart in screenshot.
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  • #19,388
  • May 6, 2016 1:01pm May 6, 2016 1:01pm
Quoting Mack2013
US30 - 89T Simple enough looking to continue at the 38.6-50 again. sorry for the double entry. forgot to reset ATM strategy after practicing on another market. +31 Left a few pips on the table but its okay{image}
Great trade man

How are you like the 89 vs 144?
  • #19,389
  • May 6, 2016 2:06pm May 6, 2016 2:06pm
Quoting jmezz
{quote} Great trade man How are you like the 89 vs 144?
so far so good , not to much of a difference. hoping the change can help with my entries (cheaper) and to see a clearer picture of current swing price action.

Honestly I like your reasoning on not taking all 3 trades. Sure PA worked out this time but how many other times were you stopped out of taking trades in similar PA. Good move to hold to your guns.

I was at my desk for your 3rd opportunity and was thinking the same thing. I was looking at the 50 - 61.8 based on the fact that the high didn't pierce previous highs and seemed weak in nature even tho momentum was strong.
  • #19,390
  • May 8, 2016 10:35am May 8, 2016 10:35am
Quoting Mack2013
{quote} so far so good , not to much of a difference. hoping the change can help with my entries (cheaper) and to see a clearer picture of current swing price action. Honestly I like your reasoning on not taking all 3 trades. Sure PA worked out this time but how many other times were you stopped out of taking trades in similar PA. Good move to hold to your guns. I was at my desk for your 3rd opportunity and was thinking the same thing. I was looking at the 50 - 61.8 based on the fact that the high didn't pierce previous highs and seemed weak in...
It looks like the bars in your 89 are built nice as they seem to capture the main movement very well. I'm starting to wonder if maybe my 144 shows swings too detailed as there are definitely times where get lost in the short term order flow. Might experiment with going back to the 233.

I'm most upset with not taking that main 61.8 in the direction of the long term order flow, the other 2 misses I don't really care about now. It's just that the increase of momentum was enough to cause me to abandon the idea of a long. I went back and if I had gauged the momentum, projection, and depth of each small individual swing there it shows that the move was stalling which conflicts with the longer term swing down. So then it becomes a question of which read do you follow, the entire swing or the very short term?

I don't like when price has an ascending or descending consolidation range like that. I've noticed that often when this occurs price will break out and continue in the direction that it's been going in however this was no the case in this example. Tough to gauge.

It's funny because I decided to leave my desk and hit the gym right before that pullback that setup your trade. I didn't think there was any juice left in the day and I was kind of annoyed having missed 3 moves that I wanted entries on.

I saw a saying on Twitter once - "If you wantsta be here for the good times, you gotsta be here all the time." Holds true in this case lol.

Great trade once again. Those are the ones you really want, looks like you took no heat and the thing just took off in your direction from the getgo. Too bad they can't all be like that haha.
  • #19,391
  • May 9, 2016 12:37am May 9, 2016 12:37am
EURUSD 15M

GOOD MONDAY EVERYONE

Expectation NSL

SL just above the 38.2 Fib
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  • #19,392
  • May 9, 2016 12:59am May 9, 2016 12:59am
Morning !!
Two trades

AJ M3 Exp - NSH, locked in 7 points

[

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AU M3, Exp -NSL, closed 161 22points

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Even though I walk through the darkest valley, I will fear no evil
  • #19,393
  • May 9, 2016 5:43am May 9, 2016 5:43am
YM

LTF bullish. STF bearish.

Expecting NSH until close below 17645
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  • #19,394
  • May 9, 2016 7:16am May 9, 2016 7:16am
I was googling around and please correct me if I am wrong: ES are the E Mini Futures for the S&P500? YM are the E Mini Futures for the Dow?

Which one are you trading? Why? What are the differences? Dow and S&P500 are very correlated I think.
  • #19,395
  • May 9, 2016 7:27am May 9, 2016 7:27am
Quoting stavrogijn
I was googling around and please correct me if I am wrong: ES are the E Mini Futures for the S&P500? YM are the E Mini Futures for the Dow? Which one are you trading? Why? What are the differences? Dow and S&P500 are very correlated I think.
That's correct.

I watch both.

I never paid attention to the YM until I came back to this thread. I was trading SPY options which I'd base off of what the ES was doing so naturally I have more experience watching behavior on the ES and I didn't want to give it up.

I like watching both because even though the price action between the two is very similar the majority of the time, sometimes I like the overall setup on one vs the other. One might have an entry point closer to a structure point. Or I like the r:r better in one of them. Or I see a better rotation. Or a signal in the DOM.
  • #19,396
  • May 9, 2016 8:10am May 9, 2016 8:10am
Quoting jmezz
{quote} That's correct. I watch both. I never paid attention to the YM until I came back to this thread. I was trading SPY options which I'd base off of what the ES was doing so naturally I have more experience watching behavior on the ES and I didn't want to give it up. I like watching both because even though the price action between the two is very similar the majority of the time, sometimes I like the overall setup on one vs the other. One might have an entry point closer to a structure point. Or I like the r:r better in one of them. Or I see...
Thank you, jmezz. That was helpful.
  • #19,397
  • Edited 9:12am May 9, 2016 8:49am | Edited 9:12am
YM

Small 8pt countertrend trade so far today.

ES

Limit sitting on 54.25 for 88.6 bounce if it gets there.

Edit - ES price dumped before reaching 88.6. Removed orders.
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  • #19,398
  • May 10, 2016 12:11am May 10, 2016 12:11am
How do I make it, so Ninjatrader only shows the arrows for entries and exits and not the writing "Close @" etc.?
  • #19,399
  • May 10, 2016 12:27am May 10, 2016 12:27am
Quoting stavrogijn
How do I make it, so Ninjatrader only shows the arrows for entries and exits and not the writing "Close @" etc.?
Bring up "Data Series" and scroll down to the bottom were it says, "Plot executions". Hopefully that helps.
Damn The Torpedoes, Full Speed Ahead!
  • #19,400
  • May 10, 2016 12:54am May 10, 2016 12:54am
Eurusd 15m

expectation nsl

stil open trade since yesterday
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