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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

  • #19,821
  • Jun 15, 2016 3:24pm Jun 15, 2016 3:24pm
Hi Buzznack, I'm in NY which is Eastern Standard Time. 09:30 EST is the start of the pit session for most financial markets. The first 30 min is mainly were institutions get positioned for the day, which would be 9:30 to 10 EST. The first 5 min of the pit session carries the most volume in any other 5 min increment throughout the day, not including news or the close.

The opening range trader is mainly a breakout traders. I'm not a break out trader. I simply added a Fibonacci measurements to the opening range and had great results. I'm sure I'm not the only trader who did this type of measurement on the opening range.

As far as MT4 I have no knowledge of how it would or would not work.
  • #19,822
  • Jun 15, 2016 3:28pm Jun 15, 2016 3:28pm
Quoting Mack2013
{quote} 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.
  • #19,823
  • Jun 15, 2016 3:54pm Jun 15, 2016 3:54pm
Quoting rocky
Hi Buzznack, I'm in NY which is Eastern Standard Time. 09:30 EST is the start of the pit session for most financial markets. The first 30 min is mainly were institutions get positioned for the day, which would be 9:30 to 10 EST. The first 5 min of the pit session carries the most volume in any other 5 min increment throughout the day, not including news or the close. The opening range trader is mainly a breakout traders. I'm not a break out trader. I simply added a Fibonacci measurements to the opening range and had great results. I'm sure I'm not...
Thanks Rocky i will work back the times to see what i end up with.
  • #19,824
  • Jun 15, 2016 3:57pm Jun 15, 2016 3:57pm
Quoting buzznack
{quote} Thanks Rocky i will work back the times to see what i end up with.

Right now it's 4:57 pm in NY.
  • #19,825
  • Jun 15, 2016 6:08pm Jun 15, 2016 6:08pm
Quoting rocky
Hi Buzznack, I'm in NY which is Eastern Standard Time. 09:30 EST is the start of the pit session for most financial markets. The first 30 min is mainly were institutions get positioned for the day, which would be 9:30 to 10 EST. The first 5 min of the pit session carries the most volume in any other 5 min increment throughout the day, not including news or the close. The opening range trader is mainly a breakout traders. I'm not a break out trader. I simply added a Fibonacci measurements to the opening range and had great results. I'm sure I'm not...
Ok so definitely some cool stuff to see price respect these levels as I'd never really thought to try using extensions this way. Also noticing more confluence when using traditional fibs in addition to your rockyfibs as seen in screenshot.

Couple of questions - where did you like to place stops when you traded this method and also you said you try to take every hit, provided it is in line with your order flow expectation correct?

Apologies if you've covered this info in your thread, I do plan on going through it more in depth over the weekend.
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  • #19,826
  • Jun 16, 2016 1:06am Jun 16, 2016 1:06am
Quoting buzznack
{quote} Hi Rocky, Im 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. Im 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 dont have ninja trader. Many thanks
Hi, your time is 15:35 (see my chart also).
  • #19,827
  • Jun 16, 2016 10:02am Jun 16, 2016 10:02am
Attached Image (click to enlarge)
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  • #19,828
  • Jun 16, 2016 11:01am Jun 16, 2016 11:01am
Hi Rocky & Jmezz,

maybe it is due to the CFDs, I do not get the same values for the box according to Rocky's method.

Am I right, I take the low and high of the 09.30 hours candle ?. In my case it corresponds to 16.30 hours, because at 15.30 (mt4 indicates 16.30) my time it is 09.30 in NY. Then I take the fib with Rocky's values on the low (0) and the high (100) ?

Sorry to ask stupid.

The red lines in the chart indicates the low and high value of the 09.30 candle.
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  • #19,829
  • Jun 16, 2016 11:28am Jun 16, 2016 11:28am
Sup evo,

You are going to be using 2 sets of fib extensions.

You draw one set from the low of the 5min candle to the high of the candle, then draw the next set from the high of the 5 min candle to the low.

I'll attach some screens.

Edit - also I think the CFD values are a little bit different than the YM futures as this is what I've noticed when Mack posts his screenshots.
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  • #19,830
  • Jun 16, 2016 11:44am Jun 16, 2016 11:44am
Good morning traders

US30 - 89T

I'm a little confused with PA today. with the sharp PB today , which put in a NSH, I should be thinking long. But I'm sort of thinking that this PB is a revert to price equilibrium due to yesterdays/lastnights over exaggeration. Got to go with what price is telling me tho.

The 1 to 1 lines up with the 61.8 of the overall L/T Bearish impulsive swing but with the NSH and the Bullish momentum, I think I'll sit it out and wait for a long

What are your guys thoughts?

I didn't put on rocky's fib levels. I think there an interesting prospect, I'm still testing it. It looks to have some positive results tho.

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  • #19,831
  • Jun 16, 2016 11:50am Jun 16, 2016 11:50am
Quoting rocky
{image} {image}
Good morning rocky

I just had some questions about your fib level.

Is more information on your thread about these levels and the reaction your looking for?
Do use market structure to choose which set ups to take? ex: Price put in a NSL, your expectation is for another NSL so you wait for a bearish reaction at one of those level to follow thru?
  • #19,832
  • Edited 12:15pm Jun 16, 2016 11:55am | Edited 12:15pm
Quoting Mack2013
Good morning traders US30 - 89T I'm a little confused with PA today. with the sharp PB today , which put in a NSH, I should be thinking long. But I'm sort of thinking that this PB is a revert to price equilibrium due to yesterdays/lastnights over exaggeration. Got to go with what price is telling me tho. The 1 to 1 lines up with the 61.8 of the overall L/T Bearish impulsive swing but with the NSH and the Bullish momentum, I think I'll sit it out and wait for a long What are your guys thoughts? I didn't put on rocky's fib levels. I think there an...
Hi Mack,

today I did "high level" trading following my feeling. In the morning (london session) I entered long on YM and protected my entry very soon. I let it go until I saw a Double top.
In the afternoon (NY session), after the squeze down, I entered long on the double bottom.

It was a nice day.

EDIT: I would expect now a deep retracement down, but I will not trade it. It would have not worked out, since a third top came up. It would have killed my trade (in theory).
  • #19,833
  • Jun 16, 2016 11:56am Jun 16, 2016 11:56am
[quote=jmezz;8983919]Sup evo, You are going to be using 2 sets of fib extensions. You draw one set from the low of the 5min candle to the high of the candle, then draw the next set from the high of the 5 min candle to the low. I'll attach some screens. Edit - also I think the CFD values are a little bit different than the YM futures as this is what I've noticed when Mack posts his screenshots.

Thanks a lot jmezz.

Does anybody know if it is possible to save fib templates on MT4?
  • #19,834
  • Jun 16, 2016 12:31pm Jun 16, 2016 12:31pm
Quoting evocpr19
{quote} Hi Mack, today I did "high level" trading following my feeling. In the morning (london session) I entered long on YM and protected my entry very soon. I let it go until I saw a Double top. In the afternoon (NY session), after the squeze down, I entered long on the double bottom. It was a nice day. EDIT: I would expect now a deep retracement down, but I will not trade it. It would have not worked out, since a third top came up. It would have killed my trade (in theory).
Sounds like you did well today. Good job going long

I really want to sell this thing but I'll be sitting it out
  • #19,835
  • Jun 16, 2016 12:44pm Jun 16, 2016 12:44pm
Quoting Mack2013
Good morning traders US30 - 89T I'm a little confused with PA today. with the sharp PB today , which put in a NSH, I should be thinking long. But I'm sort of thinking that this PB is a revert to price equilibrium due to yesterdays/lastnights over exaggeration. Got to go with what price is telling me tho. The 1 to 1 lines up with the 61.8 of the overall L/T Bearish impulsive swing but with the NSH and the Bullish momentum, I think I'll sit it out and wait for a long What are your guys thoughts? I didn't put on rocky's fib levels. I think there an...
Yeah shorts just got squeezed to hell and back.

Pressing long doesn't seem like a good idea so I'll wait until we get an orderflow change to start looking for shorts.

There was already a change on ES now YM just has to follow suit.

Also that was a hell of a trade yesterday, congrats!
  • #19,836
  • Jun 16, 2016 12:45pm Jun 16, 2016 12:45pm
Quoting Mack2013
{quote} Sounds like you did well today. Good job going long I really want to sell this thing but I'll be sitting it out

To be honest, it was more because of time constraints. I thought either i goes well or it comes back and hit my protected entry.
  • #19,837
  • Jun 16, 2016 12:53pm Jun 16, 2016 12:53pm
Quoting jmezz
{quote} Yeah shorts just got squeezed to hell and back. Pressing long doesn't seem like a good idea so I'll wait until we get an orderflow change to start looking for shorts. There was already a change on ES now YM just has to follow suit. Also that was a hell of a trade yesterday, congrats!
Thank you and I totally agree with your expectations.

I just don't like anything I'm seeing
  • #19,838
  • Jun 16, 2016 1:01pm Jun 16, 2016 1:01pm
Quoting jmezz
{quote} Yeah shorts just got squeezed to hell and back. Pressing long doesn't seem like a good idea so I'll wait until we get an orderflow change to start looking for shorts. There was already a change on ES now YM just has to follow suit. Also that was a hell of a trade yesterday, congrats!
PA looks a bit strange. We might see soon 17730. It shouldn't happen directly since there was no deep retracement after oderflow change.
  • #19,839
  • Jun 16, 2016 1:02pm Jun 16, 2016 1:02pm
Quoting Mack2013
{quote} Thank you and I totally agree with your expectations. I just don't like anything I'm seeing
0 trades for me today.

Am srsly disappointed in myself for not attempting anything this morning, there were opportunities everywhere but I would find something to keep me out (e.g. didn't come close enough to a level, or I didn't like the rotation, or I was just too gunshy).
  • #19,840
  • Jun 16, 2016 1:08pm Jun 16, 2016 1:08pm
Quoting jmezz
{quote} 0 trades for me today. Am srsly disappointed in myself for not attempting anything this morning, there were opportunities everywhere but I would find something to keep me out (e.g. didn't come close enough to a level, or I didn't like the rotation, or I was just too gunshy).
Well... I finally went with something

The overall bearish swing is weak so I'm looking for a NSH. Went with the chart instead of my gut. lets see if I should of stayed on the sidelines.

I'll be playing this aggressively and looking for B/E quickly

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