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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

  • #20,081
  • Jul 8, 2016 6:47am Jul 8, 2016 6:47am
Quoting stefan17
Setups I am keeping an eye on today {image} {image} {image}
How did these turn out?
  • #20,082
  • Jul 8, 2016 11:31am Jul 8, 2016 11:31am
Good morning. Hoping to scrap some more profit out of this market.

US30-89T
Price is looking over extended as it decelerates and completes a larger 1 to 1. I'll be waiting for a order flow switch unless bulls strengthen in momentum. PB are pretty shallow

thoughts????

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  • #20,083
  • Jul 8, 2016 12:41pm Jul 8, 2016 12:41pm
Quoting Mack2013
Good morning. Hoping to scrap some more profit out of this market. US30-89T Price is looking over extended as it decelerates and completes a larger 1 to 1. I'll be waiting for a order flow switch unless bulls strengthen in momentum. PB are pretty shallow thoughts???? {image}
waiting....

Projection increased. PB weak. Bears seem nonexistent.
Momentum is weak and very labored but meeting little resistance

Looking to go long but I'm not getting an entry.

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  • #20,084
  • Jul 8, 2016 3:00pm Jul 8, 2016 3:00pm
ES +5.75, -3.00 = +2.75 for today.

Dumb to stay in the 2118 short but I had my stop picked out before I took the trade and said I was going to stick to it. Was risking earlier profit so that's why I went with a larger than usual stop.

Didn't work out, what can you do.
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  • #20,087
  • Jul 10, 2016 12:20pm Jul 10, 2016 12:20pm
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  • #20,088
  • Jul 11, 2016 11:44am Jul 11, 2016 11:44am
Good morning

US30 - 89T

Kind of what I'm look at. missed the current move. I thought price might make a 38.6 - 50 PB. oh well

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  • #20,089
  • Edited 2:47pm Jul 11, 2016 11:58am | Edited 2:47pm
Quoting Mack2013
Good morning US30 - 89T Kind of what I'm look at. missed the current move. I thought price might make a 38.6 - 50 PB. oh well {image}
Yeah these swings are tough to work with today.

YM +2, +6 = +8
ES +1.00, +1.75 = +2.75

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Edit - took another bounce trade for +6. Price wasn't doing what was expected and I wanted to cut out and go to the gym so I scratched the trade.

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  • #20,090
  • Jul 11, 2016 12:06pm Jul 11, 2016 12:06pm
Quoting jmezz
{quote} Yeah these swings are tough to work with today. {image} {image}
Yeah I agree. I'm not sure if my expectations are off or if price just isn't doing what I'm expecting.

On the YM , the trade you didn't take, would of been nice. but like you said hindsight is 20/20
Tough one on the ES tho, your second trade. It looked like there was some strength initially going down so I can see why you bailed. I guess that the way it is sometimes.

At least your taking shots. I've got nothing. I'll wait patiently or try..... my first cup of coffee is going fast. LOL!

Good luck today my friend
  • #20,091
  • Edited 1:03pm Jul 11, 2016 12:47pm | Edited 1:03pm
good morning

US30 -89t

took this. i hope it makes sense

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Edit: uhmmmmm doesn't look good for me. should of have waited
  • #20,092
  • Jul 11, 2016 3:38pm Jul 11, 2016 3:38pm
Could only catch 2 pips on DAX. I expected that price would go down.
  • #20,093
  • Jul 11, 2016 9:22pm Jul 11, 2016 9:22pm
Quoting jmezz
{quote} Yeah these swings are tough to work with today. YM +2, +6 = +8 ES +1.00, +1.75 = +2.75 {image} {image} Edit - took another bounce trade for +6. Price wasn't doing what was expected and I wanted to cut out and go to the gym so I scratched the trade. {image}
I envy your skills at trade management sir. I held on, even made the rookie mistake of extending my stops by another 13 pips for a total of - 40 pips

Pretty pissed at myself. 2 steps forward, 1 step back.

maybe the wind will be in my favor tomorrow
  • #20,094
  • Jul 12, 2016 4:05am Jul 12, 2016 4:05am
Bought GBPUSD yesterday, reached my profit target this morning, closed it for +104 Pips
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  • #20,095
  • Jul 12, 2016 7:23am Jul 12, 2016 7:23am
Quoting Mack2013
{quote} I envy your skills at trade management sir. I held on, even made the rookie mistake of extending my stops by another 13 pips for a total of - 40 pips Pretty pissed at myself. 2 steps forward, 1 step back. maybe the wind will be in my favor tomorrow
The thing with these bounces is that they should repel from the area quickly so if my order gets filled and then price just kinda hangs around there for a bit then that says to me that the area is not as strong as I thought, which is evidenced by price not doing as expected. So this puts me on guard to manage the position more aggressively. Of course, I wish I managed a bit more aggressively when I took that ES loss the other day

You've been on a nice run so don't let 1 trade get you down. I feel that failed trades where you break some rules are ok sometimes bc they reinforce the need to follow your rules. You can chalk it up to a learning lesson and then hit the charts again next time.
  • #20,096
  • Jul 12, 2016 7:59am Jul 12, 2016 7:59am
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  • #20,097
  • Jul 12, 2016 10:46am Jul 12, 2016 10:46am
Quoting jmezz
{quote} The thing with these bounces is that they should repel from the area quickly so if my order gets filled and then price just kinda hangs around there for a bit then that says to me that the area is not as strong as I thought, which is evidenced by price not doing as expected. So this puts me on guard to manage the position more aggressively. Of course, I wish I managed a bit more aggressively when I took that ES loss the other day You've been on a nice run so don't let 1 trade get you down. I feel that failed trades where you break...

Thanks dude and your right. Lately I've been giving my trades some room because I've have a tendency to enter a little to early. But increasing risk after the plan was made is a definite no no. better to re-enter with more confidence then to stay on a failed signal.

Like you said, got to break the rules sometimes to reinforce why they are there.

US30 -89T

seeing some harmonic moves being respected

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  • #20,098
  • Jul 12, 2016 11:34am Jul 12, 2016 11:34am
Quoting jmezz
{image}
I've seen this before. I believe there was some research on this and it might be called a flip level or the beginning of a flip level or rally base rally. There was a whole thread on the this

heres. I dont like their system but they've done some excellent research on demand and supply levels
http://www.forexfactory.com/showthread.php?t=428204
http://www.forexfactory.com/showthread.php?t=420159
(both are commercial memebers I don't endorse their product)

take a look at the last line
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and here is some more information
Attached File(s)
File Type: pdf structure - demand & supply.pdf   689 KB | 1,135 downloads


basically I believe there a level of demand/supply on some time frame and the premise is that price will return to these levels sometime in the future. I've noticed that depending on the PA at that level determines the strength of it. Like an engulfing is stronger then a stall.

Mostly I used there knowledge to draw supply and demand zones more accurately but maybe I should revisit there knowledge of these levels.
  • #20,099
  • Jul 12, 2016 11:46am Jul 12, 2016 11:46am
Quoting Mack2013
{quote} I've seen this before. I believe there was some research on this and it might be called a flip level or the beginning of a flip level or rally base rally. There was a whole thread on the this heres. I dont like their system but they've done some excellent research on demand and supply levels http://www.forexfactory.com/showthread.php?t=428204 http://www.forexfactory.com/showthread.php?t=420159 (both are commercial memebers I don't endorse their product) take a look at the last line {image} and here is some more information...
Awesome, so this is a thing.

I appreciate the info and I dl'd the pdf for review after the market.

These zones look very promising from a r:r standpoint.

Have you tried trading off of them at all in the past?
  • #20,100
  • Jul 12, 2016 12:04pm Jul 12, 2016 12:04pm
Quoting jmezz
{quote} Awesome, so this is a thing. I appreciate the info and I dl'd the pdf for review after the market. These zones look very promising from a r:r standpoint. Have you tried trading off of them at all in the past?
yes, I have tried trading them when I was a terrible trader so I don't think I fully understand them at the time. So me losing might have formed an unhealthy bias on the information. haha

I've seen price blow through them like other structure tho. I believe its just an area to be aware of. I'll have to revisit the information. I'll get back to you in a few days with a more indepth knowledge.
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