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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

  • #19,681
  • Jun 2, 2016 11:55am Jun 2, 2016 11:55am
Quoting jmezz
Ok guys I hope everyone is ready at their tradestations as I am cutting out early to hit the gym. I fully expect the market to either rally or dump no less than 4000pts as soon as I take that first step outside of my house.
lol, I hope it goes north
  • #19,682
  • Edited 1:05pm Jun 2, 2016 12:22pm | Edited 1:05pm
Quoting Mack2013
US30 - 89T Good morning There's a lot of things I don't really like about this trade. Mostly that the bulls look to be weakening so I'll manage this pretty aggressively. {image}
Update: +15 Scared out. I already didn't like this trade and decided to manage it aggressively. Bulls vs bears currently only slightly advantageous. The current nsh printed has decreased projection. bar by bar price looks to have topped (at least showing resistance) and with the increase in strength from the the previous bear swing (momentum and depth) I thought I should of exited.

I was looking for a more obvious sign the bulls were still strong. I increase in projection would have satisfied that but that is not what looks to be happening.

I could be wrong tho

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Edit:1100 PST - looks like the Bulls had a little more in them original target hit. Damn!!
  • #19,683
  • Jun 2, 2016 1:54pm Jun 2, 2016 1:54pm
Quoting jmezz
Ok guys I hope everyone is ready at their tradestations as I am cutting out early to hit the gym. I fully expect the market to either rally or dump no less than 4000pts as soon as I take that first step outside of my house.
No explanation necessary.
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  • #19,684
  • Jun 2, 2016 2:08pm Jun 2, 2016 2:08pm
Quoting Mack2013
{quote} Update: +15 Scared out. I already didn't like this trade and decided to manage it aggressively. Bulls vs bears currently only slightly advantageous. The current nsh printed has decreased projection. bar by bar price looks to have topped (at least showing resistance) and with the increase in strength from the the previous bear swing (momentum and depth) I thought I should of exited. I was looking for a more obvious sign the bulls were still strong. I increase in projection would have satisfied that but that is not what looks to be happening....
You had a nice read on this, took the majority of the swing, and made it out with some solid pips.
  • #19,685
  • Edited 11:49am Jun 3, 2016 10:03am | Edited 11:49am
ES +3.25
YM b/e1

Edit - YM quick short for 16.
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  • #19,686
  • Jun 3, 2016 10:34am Jun 3, 2016 10:34am
I could erase my losses and finish my week positive. Today I took few trades too aggressive, since I expected a deep correction on dax. Unfortunately my SL got hit and on the next swing was the long waited sell off. Price went down without me. I catches later longs which went fine.
  • #19,687
  • Edited 12:33pm Jun 3, 2016 12:19pm | Edited 12:33pm
good morning

US30 - 89T

This trade has some challenges. I made a mistake and entered to early, I think. Bears pushed price a little lower then I expected and stronger then I expected so I should of anticipated some struggle before rotating. oh well. its in play now. Its also against some S/T structure. But its with s/t trend with good bull projection and strength. Go bulls

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Edit: - 15 closed early due to bear strength. still looking to go up tho. possible re-entry when bears start to evaporate. Maybe I`m not in tune with the overall direction
  • #19,688
  • Jun 3, 2016 12:44pm Jun 3, 2016 12:44pm
Quoting Mack2013
good morning US30 - 89T This trade has some challenges. I made a mistake and entered to early, I think. Bears pushed price a little lower then I expected and stronger then I expected so I should of anticipated some struggle before rotating. oh well. its in play now. Its also against some S/T structure. But its with s/t trend with good bull projection and strength. Go bulls {image} Edit: - 15 closed early due to bear strength. still looking to go up tho. possible re-entry when bears start to evaporate. Maybe I`m not in tune with the overall direction...
This could of been a mistake but I see strength so..... re-entered lol

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  • #19,689
  • Jun 3, 2016 12:49pm Jun 3, 2016 12:49pm
Quoting Mack2013
{quote} This could of been a mistake but I see strength so..... re-entered lol {image}
Good luck

The previous 1:1 swing was not completed; maybe good for you.
  • #19,690
  • Jun 3, 2016 12:55pm Jun 3, 2016 12:55pm
Quoting evocpr19
{quote} Good luck The previous 1:1 swing was not completed; maybe good for you.
Thxs
  • #19,691
  • Jun 3, 2016 1:01pm Jun 3, 2016 1:01pm
Went to B/E. the stress is now off. lets go bulls. I promise I wont eat any hamburgers today. I swear.
  • #19,692
  • Jun 3, 2016 1:08pm Jun 3, 2016 1:08pm
Quoting Mack2013
{quote} This could of been a mistake but I see strength so..... re-entered lol {image}
This looks like a 5w into the 618.

STF just created NSH so if I were in this trade I would hope to see the short term 1:1 play out.

Correction could come down a bit further as well then shoot higher.

Quoting Mack2013
Went to B/E. the stress is now off. lets go bulls. I promise I wont eat any hamburgers today. I swear.
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  • #19,693
  • Jun 3, 2016 1:24pm Jun 3, 2016 1:24pm
Quoting Mack2013
Went to B/E. the stress is now off. lets go bulls. I promise I wont eat any hamburgers today. I swear.
Unless u promise to become a vegetarian, the bulls wonnt help u 😂😂
  • #19,694
  • Jun 3, 2016 1:26pm Jun 3, 2016 1:26pm
Quoting jmezz
{quote} This looks like a 5w into the 618. STF just created NSH so if I were in this trade I would hope to see the short term 1:1 play out. Correction could come down a bit further as well then shoot higher. {quote} {image}
Thanks for your input. I think your right, Bears still seem to be there. I dont know why but I`m not super confident in this trade. Pretty much the theme for the week. My nerves are a little shaky i guess. Almost got clipped but I`m still in.
  • #19,695
  • Jun 3, 2016 1:28pm Jun 3, 2016 1:28pm
Quoting ujku80
{quote} Unless u promise to become a vegetarian, the bulls wonnt help u 😂😂
haha. Save one and I`m a hero. kill a million and its a statistic.... or something like that
  • #19,696
  • Jun 3, 2016 1:40pm Jun 3, 2016 1:40pm
Quoting Mack2013
{quote} haha. Save one and I`m a hero. kill a million and its a statistic.... or something like that
I think it's more like "kill one man, u're a murderer; kill millions, u're a conqueror; kill them all, u're god...hehe 😉
  • #19,697
  • Jun 3, 2016 1:43pm Jun 3, 2016 1:43pm
Quoting Mack2013
Went to B/E. the stress is now off. lets go bulls. I promise I wont eat any hamburgers today. I swear.
Previous 1:1 Main swing completed; maybe it will also complete the previous 1:1 (honestly I have doubts). Congrats anyway.
  • #19,698
  • Jun 3, 2016 1:45pm Jun 3, 2016 1:45pm
Quoting ujku80
{quote} I think it's more like "kill one man, u're a murderer; kill millions, u're a conqueror; kill them all, u're god...hehe 😉
haha touche, my friend
  • #19,699
  • Jun 3, 2016 1:52pm Jun 3, 2016 1:52pm
Quoting Mack2013
{quote} This could of been a mistake but I see strength so..... re-entered lol {image}
Choked up my stops and got clipped. maybe they were to tight. with the rev up to some s/t structure, I thought it would plow through. maybe it still will. Personally I like taking targets unless I see alot of strength in the direction of the trend and I really dont know where the long term trend will go after price zigged for a NSH and zagged for a NSL and we are deep in the correction so.....

I guess no burgers today and as ujku80 stated I`ll be hitting the salad bar. well maybe just the bar. haha

Have a good weekend guys

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  • #19,700
  • Jun 3, 2016 2:01pm Jun 3, 2016 2:01pm
Quoting Mack2013
{quote} Choked up my stops and got clipped. maybe they were to tight. with the rev up to some s/t structure, I thought it would plow through. maybe it still will. Personally I like taking targets unless I see alot of strength in the direction of the trend and I really dont know where the long term trend will go after price zigged for a NSH and zagged for a NSL and we are deep in the correction so..... I guess no burgers today and as ujku80 stated I`ll be hitting the salad bar. well maybe just the bar. haha Have a good weekend guys {image}
U seem to be doing good. Apparently, Reducing meat consumption has changed your metabolism in the right direction (your charts appear greener hehe). Btw, I would have taken my profit there too. GL and have a nice weekend. Cheers
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