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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

  • #20,101
  • Jul 12, 2016 12:19pm Jul 12, 2016 12:19pm
US30 - 89T

I want to short this market but there is to many mixed signals.

 

  1. Previous bear swing had strength in momentum
  2. Bears established a S/T nsl under consolidation
  3. Bulls were able to fully recover and put in a weaker NSH/nsh
  4. Bullish momentum healthy and largely uncontested.


Markets have been respecting harmonics so I want to expect further upside to 18380's before making a significant retrace.

Writing my thoughts to kill time and juggle logic into something that makes sense.

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On second thought I'll wait to go long
  • #20,102
  • Jul 12, 2016 12:28pm Jul 12, 2016 12:28pm
YM + 20
ES +3.5 total.

Super sloppy day today on ES.

I think I was thrown off from the bounce at 38.25 as I was expecting it to get down to 36 and that's where I wanted to long.

I attempted a quick short as I wanted to ride it down to 36 but we didn't get down there and I had to close it for a loss.

Also tried to short the HOD retest but that didn't work and so I rev'd to ride the breakout.

Definitely did some retail things today, not happy the way I traded it but am ending with some profit so things could be worse.
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  • #20,103
  • Jul 12, 2016 12:30pm Jul 12, 2016 12:30pm
Quoting Mack2013
US30 - 89T I want to short this market but there is to many mixed signals. Previous bear swing had strength in momentum Bears established a S/T nsl under consolidation Bulls were able to fully recover and put in a weaker NSH/nsh Bullish momentum healthy and largely uncontested. Markets have been respecting harmonics so I want to expect further upside to 18380's before making a significant retrace. Writing my thoughts to kill time and juggle logic into something that makes sense. {image} On second thought I'll wait to go long
US30 -89T

Went long

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  • #20,104
  • Jul 12, 2016 12:35pm Jul 12, 2016 12:35pm
Quoting jmezz
YM + 20 ES +3.5 total. Super sloppy day today on ES. I think I was thrown off from the bounce at 38.25 as I was expecting it to get down to 36 and that's where I wanted to long. I attempted a quick short as I wanted to ride it down to 36 but we didn't get down there and I had to close it for a loss. Also tried to short the HOD retest but that didn't work and so I rev'd to ride the breakout. Definitely did some retail things today, not happy the way I traded it but am ending with some profit so things could be worse. {image} {image}
nice exit on the YM
  • #20,105
  • Edited 2:01pm Jul 12, 2016 1:26pm | Edited 2:01pm
Quoting Mack2013
{quote} nice exit on the YM
good to see you guys on the thread. I've been a bit busy lately and I got a few hits last week. But I'm recovering.

bwt, I've seen those S&D zones from that thread Mack. this guy is called IF and they have this site RTM i think, if I'm not wrong, where they teach guys to trade those levels. I think it works, but for me, as I'm getting better and better with the way Damian trades, don't want to mess my head around other stuff. But., it's good that you placed that here.

and here are my trades for today:
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entered long at 31.8% retrace of that swing high (the same in jmezz chart). should have taken my profit at 1/1 harmonics but kept telling myself one more swing up, just one more.... greedy as always..
the second trade I thought market changed direction and it seemed to me that it had broken a nice Supply zone, so it should had south...but no. When I saw that it started to make NSH on short term entered long. I realized that market had to go south in order for big boys to get their orders filled and then continue it's course with the trend.
The third trade was a limit buy, I didn't think that market was going south and SL was just at 31.8% of the major swing. Now that I'm writing this, SL is at BE.
edit: last trade ended at BE.
  • #20,106
  • Jul 12, 2016 1:36pm Jul 12, 2016 1:36pm
Quoting jmezz
YM + 20 ES +3.5 total. Super sloppy day today on ES. I think I was thrown off from the bounce at 38.25 as I was expecting it to get down to 36 and that's where I wanted to long. I attempted a quick short as I wanted to ride it down to 36 but we didn't get down there and I had to close it for a loss. Also tried to short the HOD retest but that didn't work and so I rev'd to ride the breakout. Definitely did some retail things today, not happy the way I traded it but am ending with some profit so things could be worse. {image} {image}
No I think you're doing great here jmezz. don't get why you're not happy with this. there's nothing to brag about. or maybe i have to low ambitions hehe
  • #20,107
  • Jul 12, 2016 2:52pm Jul 12, 2016 2:52pm
I had not a lot of time for trading. I ended with +5 on dow.

@ujku: Respect for your projection
  • #20,108
  • Edited 11:12pm Jul 12, 2016 9:41pm | Edited 11:12pm
Quoting Mack2013
{quote} US30 -89T Went long {image}
US30 - 89T

1 BE & -23 pips . not a good start to a week. better luck tomorrow

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was doing some post session analysis and noticed a few things that deja-vu'ed between todays market and yesterdays markets. Its always in hindsight that things look so simple. this is the second time that I noticed that monday and tuesday traded like this. I'll try to keep further notes on this
(I simplified my analysis to make better sense)

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  • #20,110
  • Jul 13, 2016 2:55am Jul 13, 2016 2:55am
Quoting Mack2013
{quote} US30 - 89T 1 BE & -23 pips . not a good start to a week. better luck tomorrow {image} was doing some post session analysis and noticed a few things that deja-vu'ed between todays market and yesterdays markets. Its always in hindsight that things look so simple. this is the second time that I noticed that monday and tuesday traded like this. I'll try to keep further notes on this (I simplified my analysis to make better sense) {image}
Yeah, very clear on the second chart. I'll try to always note when market makes three harmonic moves up or down as it very common for market to either change trend or at least make a deep PB. I think YM and ES are unaturally going high because of the fear that exist in EU zone and other economies in general. Investors are finding US stocks sort of a safe heaven and that's why were seeing these continuation to the upside. Brexit brought some trouble not only in UK but for EU in general and the future is uncertain. So, long story short, as long as market is going higher we will be buying it hehe
  • #20,111
  • Jul 13, 2016 10:52am Jul 13, 2016 10:52am
Quoting ujku80
{quote} Yeah, very clear on the second chart. I'll try to always note when market makes three harmonic moves up or down as it very common for market to either change trend or at least make a deep PB. I think YM and ES are unaturally going high because of the fear that exist in EU zone and other economies in general. Investors are finding US stocks sort of a safe heaven and that's why were seeing these continuation to the upside. Brexit brought some trouble not only in UK but for EU in general and the future is uncertain. So, long story short, as...
Yeah, I'm in agreement. I was kind of expecting some sideways action with heavy spiking in each direction after the initial move down. I guess that how much the market cares what I think.
  • #20,112
  • Jul 13, 2016 11:43am Jul 13, 2016 11:43am
Good morning

US30 -89T

I missed entry on the bounce off support. I was looking for more of a struggle and then a push higher.

What has price done? well It put in a deep PB then a weak NSH so I was expecting another deep PB. This is where we are. Now I'm expecting a LH most likely around the 61.8 - 78.6 range. The question is how will it be constructed and how can I exploit this?

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  • #20,113
  • Edited 1:28pm Jul 13, 2016 12:25pm | Edited 1:28pm
Quoting Mack2013
Good morning US30 -89T I missed entry on the bounce off support. I was looking for more of a struggle and then a push higher. What has price done? well It put in a deep PB then a weak NSH so I was expecting another deep PB. This is where we are. Now I'm expecting a LH most likely around the 61.8 - 78.6 range. The question is how will it be constructed and how can I exploit this? {image}
Not quite the reaction I wanted. I was looking for a little bit more strength and the leg up is showing some strength so it might not be done yet. I'll be managing this aggressively.

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Edit: -16pips
  • #20,114
  • Jul 13, 2016 1:37pm Jul 13, 2016 1:37pm
Quoting Mack2013
{quote} Not quite the reaction I wanted. I was looking for a little bit more strength and the leg up is showing some strength so it might not be done yet. I'll be managing this aggressively. {image} Edit: -16pips
a little loss, but much better than me today. bought after market opened at PB, with the idea that it should continue higher, and SL hit at -35 points. i knew it was going to make a complex correction but i wasn't in front of my PC to enter at the right spot. Now it's late but hopefully better luck tomorrow.
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  • #20,115
  • Jul 13, 2016 1:41pm Jul 13, 2016 1:41pm
Quoting Mack2013
{quote} Yeah, I'm in agreement. I was kind of expecting some sideways action with heavy spiking in each direction after the initial move down. I guess that how much the market cares what I think.
yeah, and that's mutual. market doesn't care what we think, we don't care what market thinks... everybody is happy.
  • #20,116
  • Jul 13, 2016 1:41pm Jul 13, 2016 1:41pm
Quoting ujku80
{quote} a little loss, but much better than me today. bought after market opened at PB, with the idea that it should continue higher, and SL hit at -35 points. i knew it was going to make a complex correction but i wasn't in front of my PC to enter at the right spot. Now it's late but hopefully better luck tomorrow. {image}
It been a tough week. Looks like we both missed the move up. better luck tomorrow
  • #20,117
  • Jul 13, 2016 1:42pm Jul 13, 2016 1:42pm
Quoting ujku80
{quote} yeah, and that's mutual. market doesn't care what we think, we don't care what market thinks... everybody is happy.
  • #20,118
  • Jul 13, 2016 1:59pm Jul 13, 2016 1:59pm
Finished my short trading day with +4.5 on Dow (managed wrong my long on the "missed entry" in ujku's graph)
  • #20,119
  • Jul 13, 2016 2:11pm Jul 13, 2016 2:11pm
Quoting evocpr19
Finished my short trading day with +4.5 on Dow (managed wrong my long on the "missed entry" in ujku's graph)
well, u are the winner today. I'll have to be happy with the bronze medal...after mack who got silver with only -16 points
  • #20,120
  • Edited 2:31pm Jul 13, 2016 2:18pm | Edited 2:31pm
but wait, the race isn't over yet... here comes ujku with the last breath....trying to reach mack .....he's just 20 points away. And 40 points ahead, close to the finish line runs evocpr...still hope for our runners go go go bears...
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SL moved to BE. let's hope is goes straight to my target
edit: closed at +10 pips. bad rotation candle to the upside. stupid of me trading now. ok, bronze medal still . let's see who wins tomorrow.
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