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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

  • #20,201
  • Jul 21, 2016 11:41am Jul 21, 2016 11:41am
second try to go long on dow (@18518)

Edit: presently in minus (but still holding it)
  • #20,202
  • Jul 21, 2016 11:44am Jul 21, 2016 11:44am
Quoting jmezz
{quote} I was missed by 1 tick trying to fade this latest ES bounce. Then was watching to see if YM would hit this structure but it didn't. I'm -9YM total for the day so far so I am trying to make that back but today is a bitch just like this whole week has been. {image}
I feel ya. I missed the entry down by 5 minutes. I had a hard time decyphering the choppy action then just chose to ignore most of it except the last part. The NSL had me thinking go short even after the nsh but the entry went to fast and never looked back like a fat kid running into traffic for a twinky......... or should I say a kid on pokemon go.
  • #20,203
  • Jul 21, 2016 11:48am Jul 21, 2016 11:48am
Quoting evocpr19
second try to go long on dow (@18518) Edit: presently in minus (but still holding it)
Aggressive but I see why. Good luck
  • #20,204
  • Jul 21, 2016 11:48am Jul 21, 2016 11:48am
Quoting Mack2013
{quote} I feel ya. I missed the entry down by 5 minutes. I had a hard time decyphering the choppy action then just chose to ignore most of it except the last part. The NSL had me thinking go short even after the nsh but the entry went to fast and never looked back like a fat kid running into traffic for a twinky......... or should I say a kid on pokemon go.
Lol!

I'm debating just calling it a day but I really don't want to take that loss home.
  • #20,205
  • Jul 21, 2016 11:54am Jul 21, 2016 11:54am
Quoting jmezz
{quote} Lol! I'm debating just calling it a day but I really don't want to take that loss home.
its hard to say, the afternoons have been garbage this week but the volatility may provide better opportunity. tough call
  • #20,206
  • Jul 21, 2016 11:59am Jul 21, 2016 11:59am
Quoting Mack2013
{quote} Aggressive but I see why. Good luck
if it does not work, does not matter I am in with little lot.
  • #20,207
  • Jul 21, 2016 12:25pm Jul 21, 2016 12:25pm
Quoting Mack2013
{quote} Uhm... only got a 23.6 PB and a supply level that provided no resistance acted as S/T resistance. The move was shallower then expected so I'll wait for a better entry. I am expecting a bigger PB on the completion of the 3 drives. But Bears still look strong so I'm still looking for shorts {image}
Okay, so I entered against short and long term order flow expecting a PB. My target is a 50 % retrace but I'll be managing it very aggressively. After entering I think I should have waited until price showed a S/T nsh then entered on the PB so I think I entered to early.

what I'm looking for and how I plan to manage it:

 

  1. I'm looking for a S/T nsh (above 18520)
  2. Stops already below trigger but a nsl would invalidate my enter so exit
  3. If I can get a nsh - lh then nsh (short term) then I'll follow swing lows
  4. I'm thinking BE would be a touch of 18530 but I'll see how price forms the hl and look at the fib levels of the swing


make sense?

I'm also wonder if price will respect the last couple of days harmonic up swings or today's upswing will be the new harmonic norm. Harmonic upswing suggest a PB to 18570 but I'm CT so I'll be conservative and look for a retest of L/T swing Lows

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Open to criticism so don't be shy.
  • #20,208
  • Jul 21, 2016 12:35pm Jul 21, 2016 12:35pm
Quoting Mack2013
{quote} Okay, so I entered against short and long term order flow expecting a PB. My target is a 50 % retrace but I'll be managing it very aggressively. After entering I think I should have waited until price showed a S/T nsh then entered on the PB so I think I entered to early. what I'm looking for and how I plan to manage it: I'm looking for a S/T nsh (above 18520) Stops already below trigger but a nsl would invalidate my enter so exit If I can get a nsh - lh then nsh (short term) then I'll follow swing lows I'm thinking BE would be a touch of...
Uhmmmmm nsh was not established yet. just a retest. kind of neutral to negative on this. hoping the bottom support will hold up

Edited pic:

Attached Image
  • #20,209
  • Jul 21, 2016 12:48pm Jul 21, 2016 12:48pm
Quoting Mack2013
{quote} Okay, so I entered against short and long term order flow expecting a PB. My target is a 50 % retrace but I'll be managing it very aggressively. After entering I think I should have waited until price showed a S/T nsh then entered on the PB so I think I entered to early. what I'm looking for and how I plan to manage it: I'm looking for a S/T nsh (above 18520) Stops already below trigger but a nsl would invalidate my enter so exit If I can get a nsh - lh then nsh (short term) then I'll follow swing lows I'm thinking BE would be a touch of...

I think price will go up. I closed the previous trades with overall plus.

I still think, price will go up.
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  • #20,210
  • Jul 21, 2016 12:49pm Jul 21, 2016 12:49pm
Quoting Mack2013
{quote} Uhmmmmm nsh was not established yet. just a retest. kind of neutral to negative on this. hoping the bottom support will hold up Edited pic: {image}
uhmm. not good . expecting to be stopped out adjusted stops below the 1618 ext so another pip

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  • #20,211
  • Jul 21, 2016 1:00pm Jul 21, 2016 1:00pm
Quoting Mack2013
{quote} uhmm. not good . expecting to be stopped out adjusted stops below the 1618 ext so another pip {image}
- 23 pips. Well boys, thats what you get for going against order flow.

Stops probably should of been a little tighter but it is what it is

So much for only looking for short uh. hahaha! In retrospect I should of shorted the s/t retest 2 bars after I entered long.

Attached Image
  • #20,212
  • Edited 2:33pm Jul 21, 2016 1:04pm | Edited 2:33pm
Quoting Mack2013
{quote} - 23 pips. Well boys, thats what you get for going against order flow. Stops probably should of been a little tighter but it is what it is So much for only looking for short uh. hahaha! In retrospect I should of shorted the s/t retest 2 bars after I entered long. {image}
i am long at 18490.5. I think price reverses (at least deep retracement).
Edit: closed it with +5 (too late)
  • #20,213
  • Jul 21, 2016 1:41pm Jul 21, 2016 1:41pm
YM -9

In hindsight I can go ahead and pick this apart but what it comes down to is that it was just a dumb trade.

And it gave an opportunity right away to re enter and make profit for the day but I didn't do it.

Oh well.

Hopefully hit it better tomorrow.
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  • #20,214
  • Jul 21, 2016 2:11pm Jul 21, 2016 2:11pm
Attached Image (click to enlarge)
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On my trading Dom there are huge contracts fighting with each other at 2154, Bids vs. Offers. This PA will snap one way or another....
  • #20,215
  • Jul 21, 2016 4:25pm Jul 21, 2016 4:25pm
Quoting Mack2013
{quote} - 23 pips. Well boys, thats what you get for going against order flow. Stops probably should of been a little tighter but it is what it is So much for only looking for short uh. hahaha! In retrospect I should of shorted the s/t retest 2 bars after I entered long. {image}
It's always so easy in hindsight right? Lol.

Turns out, today was not the day for aggressive longs. If it had closed over your top blue line then it would have been constructive for your long position however price spoke and slapped it back down.

We'll just have to come back stronger tomorrow.

Congrats evo on being green today.
  • #20,216
  • Jul 21, 2016 4:29pm Jul 21, 2016 4:29pm
Quoting jmezz
{quote} It's always so easy in hindsight right? Lol. Turns out, today was not the day for aggressive longs. If it had closed over your top blue line then it would have been constructive for your long position however price spoke and slapped it back down. We'll just have to come back stronger tomorrow. Congrats evo on being green today.
Thanks. I have to admit that I like countertrades and that it was not the best idea today. Finally YM did what I had in my mind, but I killed my trade with only +5 (too late).

I was a bit surprised by the long way down that dow did.
  • #20,217
  • Jul 21, 2016 4:45pm Jul 21, 2016 4:45pm
Attached Image (click to enlarge)
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  • #20,218
  • Jul 21, 2016 5:04pm Jul 21, 2016 5:04pm
Quoting rocky
{image}
Thank you Rocky for the chart.
  • #20,219
  • Jul 21, 2016 5:16pm Jul 21, 2016 5:16pm
Yes thanks Rock, always look forward to your posts in here.
  • #20,220
  • Jul 21, 2016 9:04pm Jul 21, 2016 9:04pm
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