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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

  • #19,841
  • Jun 16, 2016 11:11am Jun 16, 2016 11:11am
Quoting Mack2013
{quote} 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 {image}
Amazing to see pushing further up. Good luck.
  • #19,842
  • Jun 16, 2016 11:13am Jun 16, 2016 11:13am
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).
Sometimes You just don't like what you see. I wouldn't be disappointed. at least you didn't enter some garbage you immediately regretted.


Boooooo! forgot to extend my brokers targets. +30 pips. NT still going tho. @ B/E
  • #19,843
  • Jun 16, 2016 11:18am Jun 16, 2016 11:18am
Quoting evocpr19
{quote} Amazing to see pushing further up. Good luck.
Thanks. I'm glad its working out after wrestling with general bias direction all morning
  • #19,844
  • Jun 16, 2016 11:30am Jun 16, 2016 11:30am
Quoting Mack2013
{quote} 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 {image}
Well, I tried to trail stops on NT and was stopped at +20. I was thinking, with the strength, another NSH wouldn't be unreasonable.

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  • #19,845
  • Jun 16, 2016 11:41am Jun 16, 2016 11:41am
Quoting Mack2013
{quote} Well, I tried to trail stops on NT and was stopped at +20. I was thinking, with the strength, another NSH wouldn't be unreasonable. {image}
Congrats. Although, I also saw the bear weakness (and I have also the 17730 in mind), I would have never have taken this trade after the series of tops (It is burned in my mind, double top => down; I know it is wrong to think that).

Did you wait the candle close? or candle higher, enter?
  • #19,846
  • Jun 16, 2016 12:53pm Jun 16, 2016 12:53pm
Quoting evocpr19
{quote} Congrats. Although, I also saw the bear weakness (and I have also the 17730 in mind), I would have never have taken this trade after the series of tops (It is burned in my mind, double top => down; I know it is wrong to think that). Did you wait the candle close? or candle higher, enter?
Actually I waited on this one for the next candles reaction. If the bears didn`t regain some territory then I thought the bulls might press higher. It just showed me that the bears weren`t there

To bad I got knocked out at the 38.6 retrace. Price ended up completing the 3rd leg. left about 70 pips on the table.
  • #19,847
  • Jun 16, 2016 2:11pm Jun 16, 2016 2:11pm
Quoting Mack2013
{quote} 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?
I'm having some tech problems with my Ninja charts. As soon as I can get them back up I'll post my trades. I took 2 small losses and 2 small wins before my tech problems occurred. Not sure what happened but I had no control of my charts and all 3 of my screens were flickering. I ended up having to just cut the power off.

I see there are some questions regarding how I traded the opening range fib extensions in the past. To tell you the truth I really don't use them that much. You might find one or two charts in the past with these fibs but it wasn't my bread and butter. For years my main trading method has been and still is chart structure which includes, fibs, market profile, trendlines, orderflow, Supply, Demand and most recently I've added the Jigsaw Trading tools.

I pulled the opening range fib ext method off the shelf to help others who might be looking for an additional method to view chart structure. I really don't look at the traditional charts that much any more. I focus on the Jigsaw Price ladder (Depth of Sales) and the Order flow analytics charts. It's all about volume and how to read and understand the order of Bids and Offers. Rocky!
  • #19,848
  • Edited 2:49pm Jun 16, 2016 2:31pm | Edited 2:49pm
I always take notes on my trades and a snapshot of my chart. Here you will see my firs trade today which I immediately closed with a 1 tick profit. The reason why I closed it was because of the 2 large Buy Imbalance that popped up as soon as I made the trade. I then went long based on the orderflow and a few other sequences that I observed on the Jigsaw price ladder.


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Out of curiosity, what happened to Damian?
  • #19,849
  • Jun 16, 2016 2:54pm Jun 16, 2016 2:54pm
Quoting rocky
I always take notes on my trades and a snapshot of my chart. Here you will see my firs trade today which I immediately closed with a 1 tick profit. The reason why I closed it was because of the 2 large Buy Imbalance that popped up as soon as I made the trade. I then went long based on the orderflow and a few other sequences that I observed on the Jigsaw price ladder. {image} Out of curiosity, what happened to Damian?
hi rocky can u plz explain this chart how you use it for ur entry and how can we get it if we want?
  • #19,850
  • Jun 16, 2016 3:01pm Jun 16, 2016 3:01pm
Quoting rocky
I always take notes on my trades and a snapshot of my chart. Here you will see my firs trade today which I immediately closed with a 1 tick profit. The reason why I closed it was because of the 2 large Buy Imbalance that popped up as soon as I made the trade. I then went long based on the orderflow and a few other sequences that I observed on the Jigsaw price ladder. {image} Out of curiosity, what happened to Damian?
We don't know, he said he had some things coming up so he'd be around the forums less.

After reading back through the history of the thread it appears that he does take breaks from the thread in order to give everyone time to digest the info and make the process their own. Other members have acknowledged it as well so it appears that this might be another one of those breaks. In the meantime we've been trying to help each other along but it seems like there are less and less people posting as the duration of his absence goes on.

Quoting sabar786
{quote} hi rocky can u plz explain this chart how you use it for ur entry and how can we get it if we want?
He's got a thread here - http://www.forexfactory.com/showthread.php?t=309766&page=59 that details how he uses the chart.

Skimmed through it quickly and looks like there's a lot of good info in there esp for us who like to use fibs. It's at the top of my reading list for this weekend.
  • #19,851
  • Jun 17, 2016 3:36am Jun 17, 2016 3:36am
it's been long since last chart on FX pairs as the intentions has been shifted almost entirely towards futures, YM and ES.

But there we have a little butterfly forming on E/U (if that happens). Of course this would be trading against short term order flow, but there is structure if you look to the left. Just a thought... Keep an eye on it, but don't trade if other factors don't match, such as strength approaching the zone.

I'm only trading YM lately as it is very efficient as Damians put's it.
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  • #19,852
  • Jun 17, 2016 6:02am Jun 17, 2016 6:02am
YM

Been staring at this longer than I'd like to admit trying to decide which swing to use for the long term.

We definitely have a change of order flow with the close below the green line, however it's not really clear to me which swing to use for the long term. Regardless, doesn't look like there's too much juice in this move down as it looks like a controlled descent and can see this playing out as a bull flag.

Maybe my brain is not fully awakened yet, might have to go walk around and wait for the caffeine in my coffee to hit me
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  • #19,853
  • Jun 17, 2016 6:19am Jun 17, 2016 6:19am
Quoting jmezz
YM Been staring at this longer than I'd like to admit trying to decide which swing to use for the long term. We definitely have a change of order flow with the close below the green line, however it's not really clear to me which swing to use for the long term. Regardless, doesn't look like there's too much juice in this move down as it looks like a controlled descent and can see this playing out as a bull flag. Maybe my brain is not fully awakened yet, might have to go walk around and wait for the caffeine in my coffee to hit me {image}
Hi jmezz, i'm not in front of my pc now, but note that the market made three waves up to the zone where it is right now. If u start from the origin of the up move you would see those three harmonic swings up. Which tells me to be careful of going long. Also note that in long term we are testing that LH. Price may test that high and then head south again. Also short term order flow is sort of confirming this. Lets see what happens.
  • #19,854
  • Jun 17, 2016 7:25am Jun 17, 2016 7:25am
Quoting ujku80
{quote} Hi jmezz, i'm not in front of my pc now, but note that the market made three waves up to the zone where it is right now. If u start from the origin of the up move you would see those three harmonic swings up. Which tells me to be careful of going long. Also note that in long term we are testing that LH. Price may test that high and then head south again. Also short term order flow is sort of confirming this. Lets see what happens.
Moreover we should see a big retracement down for yesterday's up move. I do not see the chart now, I am 8n the train
  • #19,855
  • Jun 17, 2016 7:30am Jun 17, 2016 7:30am
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  • #19,856
  • Jun 17, 2016 8:24am Jun 17, 2016 8:24am
Quoting evocpr19
{quote} Moreover we should see a big retracement down for yesterday's up move. I do not see the chart now, I am 8n the train
I am long on dow. entry 17615 and protected. I let it run.

Edit: hit protected entry.

2nd entry 17605. Entry protected
  • #19,857
  • Jun 17, 2016 8:32am Jun 17, 2016 8:32am
Quoting evocpr19
{quote} I am long on dow. entry 17615 and protected. I let it run. Edit: hit protected entry
Long???? really? no man... I entered short, short after the nice swing down. Didn't even wait for a PB at 38.2% , kind of like Damian in his live session. stupid of me, but was afraid i was going to miss this trade. My TP is at 17502. let's see if my target get's hit. u should know that u're trading against order flow.
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  • #19,858
  • Jun 17, 2016 8:39am Jun 17, 2016 8:39am
Quoting ujku80
{quote} Long???? really? no man... I entered short, short after the nice swing down. Didn't even wait for a PB at 38.2% , kind of like Damian in his live session. stupid of me, but was afraid i was going to miss this trade. My TP is at 17502. let's see if my target get's hit. u should know that u're trading against order flow. {image}
I know sounds strange, but I follow what I said earlier: deep retracement and then up.

Anyway my entry is protected, i let it go. Either it works or i get hit with small profit.
  • #19,859
  • Jun 17, 2016 8:44am Jun 17, 2016 8:44am
Quoting evocpr19
{quote} I know sounds strange, but I follow what I said earlier: deep retracement and then up. Anyway my entry is protected, i let it go. Either it works or i get hit with small profit.
ok, but note that it is not uncommon for price to retrace all the way down at the origin of the move before going north again. u're assuming a change in trend in long term.
  • #19,860
  • Edited 9:06am Jun 17, 2016 8:53am | Edited 9:06am
Quoting ujku80
{quote} ok, but note that it is not uncommon for price to retrace all the way down at the origin of the move before going north again. u're assuming a change in trend in long term.
Exited by 17637. Did not like price action. Still think it will go up. Anyway could make +32.

Entered long again 17619. Entry protected. Edit: out at 17646.

Still think it will go up, but a barbecue is waiting for me.
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