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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

  • #19,801
  • Jun 15, 2016 9:49am Jun 15, 2016 9:49am
Quoting jmezz
{quote} 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. {image}
i got the same levels jmezz. entered long, but price took my stop at b.e. where we are right now is a 50% retrace of the large wave down from 17800. So, it could be that market may change direction to the downside.
  • #19,802
  • Jun 15, 2016 10:08am Jun 15, 2016 10:08am
Quoting ujku80
{quote} i got the same levels jmezz. entered long, but price took my stop at b.e. where we are right now is a 50% retrace of the large wave down from 17800. So, it could be that market may change direction to the downside.
Did you take the 10:32 bounce off 636?

This action has me hands-off, I really can't stand these slow melt days. PA has been slowly melting up but the action doesn't lend any confidence in a position.

Think right now it will be chop til Janet-time.
  • #19,803
  • Jun 15, 2016 10:19am Jun 15, 2016 10:19am
Quoting jmezz
{quote} Did you take the 10:32 bounce off 636? This action has me hands-off, I really can't stand these slow melt days. PA has been slowly melting up but the action doesn't lend any confidence in a position. Think right now it will be chop til Janet-time.
no I entered long at 10:29-ish at 17634. Survived the first bounce but then i moved my SL to BE which taken out on the second bounce down. Not trading in this waters yet... need to see a clear picture.
  • #19,804
  • Jun 15, 2016 10:27am Jun 15, 2016 10:27am
Quoting jmezz
{quote} Did you take the 10:32 bounce off 636? This action has me hands-off, I really can't stand these slow melt days. PA has been slowly melting up but the action doesn't lend any confidence in a position. Think right now it will be chop til Janet-time.
that 233 % fib level on your chart coincides with a resistance level (check 5 min chart). let's see if this will hold. the other resistance zone lies around that 377% fib which is close to 61.8% of the large wave down.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-16 (233 Tick) 15_06_2016.jpg Size: 152 KB
  • #19,805
  • Jun 15, 2016 10:58am Jun 15, 2016 10:58am
I was lucky, wanted to go long on YM but market was faster down.

So far no trade.
  • #19,806
  • Jun 15, 2016 11:00am Jun 15, 2016 11:00am
Quoting evocpr19
I was lucky, wanted to go long on YM but market was faster down. So far no trade.
i'm looking to go short actually, but i'd like a better entry than where it is now.
  • #19,807
  • Jun 15, 2016 11:04am Jun 15, 2016 11:04am
Quoting ujku80
{quote} i'm looking to go short actually, but i'd like a better entry than where it is now.
maybe not the best day to trade with all these red news.

I do not like the PA. I stay out at least now.
  • #19,808
  • Jun 15, 2016 11:14am Jun 15, 2016 11:14am
Quoting evocpr19
{quote} maybe not the best day to trade with all these red news
oops, yes u're right. I wasn't paying attention to those at all actually. Well, I'll close the trading session before the big news comes out. and then i'll watch eufa euro 2016 soccer championship. btw, I entered short but not so sure about it.
  • #19,809
  • Jun 15, 2016 11:17am Jun 15, 2016 11:17am
Quoting ujku80
{quote} oops, yes u're right. I wasn't paying attention to those at all actually. Well, I'll close the trading session before the big news comes out. and then i'll watch eufa euro 2016 soccer championship. btw, I entered short but not so sure about it.
I would tend to go long, but either not sure (i do nothing). Good luck
  • #19,810
  • Jun 15, 2016 11:19am Jun 15, 2016 11:19am
Quoting evocpr19
{quote} I would tend to go long, but either not sure (i do nothing). Good luck
this is what i did, but i'm not happy about it.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 09-16 (233 Tick) 15_06_2016.jpg Size: 125 KB
  • #19,811
  • Jun 15, 2016 11:47am Jun 15, 2016 11:47am
market isn't going anywhere. i'm not waiting for the news to hit me sl. so, i'm closing and going home.

GL to all.
  • #19,812
  • Jun 15, 2016 12:10pm Jun 15, 2016 12:10pm
Quoting ujku80
{quote} this is what i did, but i'm not happy about it. {image}
I was thinking of taking that short as well but with the news and the way the PA was acting I decided to just avoid it.

I'll wait til after the release to see if a good opportunity presents itself.
  • #19,813
  • Jun 15, 2016 12:19pm Jun 15, 2016 12:19pm
Good morning traders

US30 - 89t

well, after 2 days of sitting on my hands I pulled the trigger on this garbage. haha. too much coffee I think.

I dont like how its against S/T order flow and how its deep in the L/T order flows retracement. My rotation bar didn't even turn into a rotation. haha!

On the bright side I am with the L/T order flow and I was expecting a deep retrace. we will see

Edit: maybe if I'm lucky , the Fed can inject some steroids into my trade. I heard the first times free sorry for the messy chart

Attached Image (click to enlarge)
Click to Enlarge Name: Chart4.png Size: 112 KB
  • #19,814
  • Jun 15, 2016 12:55pm Jun 15, 2016 12:55pm
Quoting Mack2013
Good morning traders US30 - 89t well, after 2 days of sitting on my hands I pulled the trigger on this garbage. haha. too much coffee I think. I dont like how its against S/T order flow and how its deep in the L/T order flows retracement. My rotation bar didn't even turn into a rotation. haha! On the bright side I am with the L/T order flow and I was expecting a deep retrace. we will see Edit: maybe if I'm lucky , the Fed can inject some steroids into my trade. I heard the first times free sorry for the messy chart {image}
That was a bold trade lol but you are up some solid pips at this point.

5mins until Fed announcement, you holdin or bailin?
  • #19,815
  • Jun 15, 2016 12:57pm Jun 15, 2016 12:57pm
Quoting jmezz
{quote} That was a bold trade lol but you are up some solid pips at this point. 5mins until Fed announcement, you holdin or bailin?
I'm still in but aghhhhhhhhhhhhh I kind of want to hold to my target but with it so close to the FED announcement I might increase it..... its down to the wire. locked in for 15 pips tho
  • #19,816
  • Jun 15, 2016 1:04pm Jun 15, 2016 1:04pm
Woww chart exploded LOL

Hoping you came away with some nice profit from that.
  • #19,817
  • Jun 15, 2016 1:05pm Jun 15, 2016 1:05pm
US30 - 89T

+65 pips

I almost had a heart attack. my brokers platform froze for about a minute. fishy! I did not like that. I got luck and it came back on top.

Got out at the top on both tho. I think I'll call it a day
Attached Image (click to enlarge)
Click to Enlarge Name: Chart4.png Size: 114 KB
  • #19,818
  • Jun 15, 2016 2:30pm Jun 15, 2016 2:30pm
Quoting Mack2013
US30 - 89T +65 pips I almost had a heart attack. my brokers platform froze for about a minute. fishy! I did not like that. I got luck and it came back on top. Got out at the top on both tho. I think I'll call it a day {image}

Now that's a great trade Mack2013! Are you trading the Sept contract?
  • #19,819
  • Jun 15, 2016 2:37pm Jun 15, 2016 2:37pm
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.
Hi Rocky,
I´m interested in your fib set up but i have a question. You say you need to use the 9.35 candle on the 5 min chart, my question is what time zone are you in. I´m in Spain and wonder if my 9.35 is the same as yours or do i need to look for a different time.
What is the significance of 9.35 as opposed to any other time. Also will this work on MT4 as unfortunately i don´t have ninja trader.
Many thanks
  • #19,820
  • Jun 15, 2016 2:59pm Jun 15, 2016 2:59pm
Quoting rocky
{quote} Now that's a great trade Mack2013! Are you trading the Sept contract?
Thank you very much. Honestly tho, I got lucky. I guess we always cant eat dirt. hahaha.

I'm still using my brokers forex platform so its the US30 CFD. I would have to reapply and do a bunch of paperwork to switch it over to futures. probable only takes a few hours to a day but I just haven't gotten around to doing it.

It doesn't move as nicely as the futures and I only get 1 to 2 set ups a day but I've gotten pretty good at reading the PA on it. Spread is acceptable (1.7 - 2.5 Avg), no commissions. maybe I'll switch later on.
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