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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

  • #19,781
  • Jun 14, 2016 11:31am Jun 14, 2016 11:31am
Quoting Mack2013
{quote} very nice view of structure
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  • #19,782
  • Jun 14, 2016 11:47am Jun 14, 2016 11:47am
Quoting rocky
{quote} {image}
thanks
  • #19,783
  • Edited 1:18pm Jun 14, 2016 11:49am | Edited 1:18pm
I ended with +12 points on YM in the countertend trade. I have exit too early manually (had to catch my train)

Edit: and +9
  • #19,784
  • Jun 14, 2016 11:51am Jun 14, 2016 11:51am
Quoting rocky
{quote} {image}
Damn! your killing it
  • #19,785
  • Jun 14, 2016 11:58am Jun 14, 2016 11:58am
Quoting Mack2013
{quote} Damn! your killing it

Attached Image (click to enlarge)
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  • #19,786
  • Jun 14, 2016 2:54pm Jun 14, 2016 2:54pm
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-16 (610 Tick) 6_14_20166.jpg Size: 266 KB


I'll also show how to use the ES chart in Conjunction with the YM chart to find killer trades using the same method taught by Damian, Rocky!
  • #19,787
  • Jun 14, 2016 5:47pm Jun 14, 2016 5:47pm
YM

+7 today.

Had a difficult time with order flow and was also gunshy on a few setups.

This trade I immediately regretted my entry so I bailed quickly. Then the very next shot up was the big ripper :/
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  • #19,788
  • Jun 14, 2016 5:51pm Jun 14, 2016 5:51pm
Quoting rocky
{image} I'll also show how to use the ES chart in Conjunction with the YM chart to find killer trades using the same method taught by Damian, Rocky!
Definitely am interested to see this fib setup and also how you use the ES chart with YM.

ES and YM are the only symbols that I watch and I do use them in conjunction to filter out trade ideas.

Also notice when order flow is bullish on one and bearish on the other that the market as a whole is more difficult to trade.

Thank you for your contributions thus far today Rocky.
  • #19,789
  • Jun 14, 2016 6:54pm Jun 14, 2016 6:54pm
Quoting jmezz
{quote} Definitely am interested to see this fib setup and also how you use the ES chart with YM. ES and YM are the only symbols that I watch and I do use them in conjunction to filter out trade ideas. Also notice when order flow is bullish on one and bearish on the other that the market as a whole is more difficult to trade. Thank you for your contributions thus far today Rocky.
Jmezz, You are welcome
  • #19,790
  • Jun 14, 2016 6:55pm Jun 14, 2016 6:55pm
Attached Image (click to enlarge)
Click to Enlarge Name: ES 09-16 (987 Tick) 6_14_20167.jpg Size: 333 KB


Once you complete this, switch to anytime frame you desire, I like the 987 tick for the ES and the 610 Tick for the YM.
  • #19,791
  • Jun 15, 2016 5:43am Jun 15, 2016 5:43am
Quoting rocky
{image} Once you complete this, switch to anytime frame you desire, I like the 987 tick for the ES and the 610 Tick for the YM.
Rocky, this amazing. You always surprise me with the confidence and swiftness you take those trades. If you could shed some more light into marking those S/R levels, which if I understood correctly derive from Fib levels. So, it is that you take the high of the previous day 9:35 candle and then stretch the fib down (or up) to the low of todays 9:35 candle?

anyway, here my yesterday trades just following Damians style of trading (more or less how he traded in the last live session on youtube). If I hadn't chicken out in the first and the second last one (mostly on the last one) it would have had a much better outcome. nevertheless I'm happy with it. So Hail to Damian as always. He's a wonderful and great mentor.
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  • #19,792
  • Jun 15, 2016 5:50am Jun 15, 2016 5:50am
Quoting ujku80
{quote} Rocky, this amazing. You always surprise me with the confidence and swiftness you take those trades. If you could shed some more light into marking those S/R levels, which if I understood correctly derive from Fib levels. So, it is that you take the high of the previous day 9:35 candle and then stretch the fib down (or up) to the low of todays 9:35 candle? anyway, here my yesterday trades just following Damians style of trading (more or less how he traded in the last live session on youtube). If I hadn't chicken out in the first and the...
No, you use the current day's 5min candle only. Draw one fib starting at the high and anchor it to the low. Then take another fib and start at the low then anchor it to the high. So you have the extensions going both directions. What I'm not clear on is where he said to redraw them at 10EST. So basically use the 5min open for the first 30mins then use the 30min open for the rest of the day? I'm not at computer right. now but I'll check it out when I get to the screens.
  • #19,793
  • Jun 15, 2016 6:08am Jun 15, 2016 6:08am
Jmezz, Sorry for the confusion. There's the 5 minute opening range in which we use the 09:35 hr Candle on the 5 min chart. Once these levels are set we leave them for the entire day. You can also use the 30 min opening range with the 10 am candle on a 30 minute chart. With the 30 min range you have larger swings but less opportunity to trade PA/Zone confluence. Once my structure is in place I'll switch time frames to tick charts.

UJKU80, thank's for the comments. Nice chart.
  • #19,794
  • Jun 15, 2016 7:33am Jun 15, 2016 7:33am
Quoting jmezz
{quote} No, you use the current day's 5min candle only. Draw one fib starting at the high and anchor it to the low. Then take another fib and start at the low then anchor it to the high. So you have the extensions going both directions. What I'm not clear on is where he said to redraw them at 10EST. So basically use the 5min open for the first 30mins then use the 30min open for the rest of the day? I'm not at computer right. now but I'll check it out when I get to the screens.
now I got it. yes, simple. Thank you for your clarification. quite an interesting approach. would have never come up with such an idea as to build a fib web based on a 5 min candle alone well, learning smth new everyday...:nerd:
  • #19,795
  • Jun 15, 2016 7:38am Jun 15, 2016 7:38am
All set up here.

Rocky - You posted that you no longer use this method, I'm just curious howcome?

Going to keep this chart separate and monitor the signals today.

Thanks again man.
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  • #19,796
  • Jun 15, 2016 8:43am Jun 15, 2016 8:43am
JMEZZ, I usually don't even look at what most call traditional charts anymore. Most of my trading comprises of the "Jigsaw" trading dome and the Order flow analytics charts. By the way I'm not associated In any way with these 2 companies.

I look for large trapped Bids or Offers and look for areas where their stops will be taken out. I profit from taking out traders stops on the S&P. Today's a beautiful day in NY so I wont be trading but cruising in my Z06, Rocky!


Also, post a chart of your setup. I want to make sure you have the correct structure, have fun trading...
  • #19,797
  • Jun 15, 2016 8:53am Jun 15, 2016 8:53am
Afternoon Traders

Cable 5min

Long trade expectation is for a NSH.
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  • #19,798
  • Jun 15, 2016 9:17am Jun 15, 2016 9:17am
Update got stopped out -6
  • #19,799
  • Jun 15, 2016 9:20am Jun 15, 2016 9:20am
Quoting rocky
JMEZZ, I usually don't even look at what most call traditional charts anymore. Most of my trading comprises of the "Jigsaw" trading dome and the Order flow analytics charts. By the way I'm not associated In any way with these 2 companies. I look for large trapped Bids or Offers and look for areas where their stops will be taken out. I profit from taking out traders stops on the S&P. Today's a beautiful day in NY so I wont be trading but cruising in my Z06, Rocky! Also, post a chart of your setup. I want to make sure you have the correct structure,...
Ok that makes sense. I was looking through some of your posts in your thread and wasn't sure if there was another reason as to why you stopped using this method.

I'm your neighbor in CT so we're also getting some of this nice weather, although no Z06 here haha.

This is what I have today's YM looking like with your fib arrangement.
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  • #19,800
  • Jun 15, 2016 9:30am Jun 15, 2016 9:30am
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