Patience would have paid on my 3rd trade as price hit the 18056 that I was shooting for.
Ratios & Harmonics: a Different Way to Trade
- #20,503
- Sep 20, 2016 11:12pm Sep 20, 2016 11:12pm
- | Joined Dec 2013 | Status: Trader | 1,118 Posts
YM -10, +45, +10 = +45 total Notes on charts. {image} {image}
I admire your consistency and your dedication to sticking to your rules. {quote} Congrats. You had the good feeling. Yesterday, I could only catch +5.5 and today I came late to the charts and I started with a loss of -12. I could recover with +16. Not much (+4), but at least no loss. I have some troubles this week with the right trading direction.
US30 - 89T
I took this trade. +23. Even though this was a winner. I don't think I like it. Maybe I've been staring at it too long cause I cant really figure out why I don't like it.
- Entry was expensive but I wanted price over the barriers (blue dash line)
- Even though NY Session was bearish. Price was still in the retracement of a L/T bullish swing. (particularly the 61.8)
- completed 1 to 1 with a nice rejection
I dont know. maybe its just one of those trades that look ugly.
- #20,504
- Sep 21, 2016 12:43am Sep 21, 2016 12:43am
- | Joined Jan 2016 | Status: Trader | 1,719 Posts
{quote} Very nice trading jmezz. your getting really good. bravo
- #20,506
- Edited 2:36pm Sep 21, 2016 2:08pm | Edited 2:36pm
- | Joined Jan 2016 | Status: Trader | 1,719 Posts
- #20,507
- Sep 21, 2016 4:56pm Sep 21, 2016 4:56pm
- | Joined Mar 2016 | Status: Trader | 1,068 Posts
{quote} Congrats. You had the good feeling. Yesterday, I could only catch +5.5 and today I came late to the charts and I started with a loss of -12. I could recover with +16. Not much (+4), but at least no loss. I have some troubles this week with the right trading direction.
Being able to come back after a loss is huge, I'd consider this a great day if it were me.
{quote} Very nice trading jmezz. your getting really good. bravo
Nice trade here and nice work with the s/r and s/d zones.
- #20,509
- Sep 21, 2016 10:23pm Sep 21, 2016 10:23pm
- | Joined Dec 2013 | Status: Trader | 1,118 Posts
No trading for me tomorrow, but I'm wondering something regarding the charts that I post... I'm wondering if anyone is getting anything out of the notes that I post directly on my charts? It seems there are only a few of us who follow and contribute to this thread regularly and we all know the basics of the methodology, so perhaps notes on every trade that I post is unnecessary. I'm thinking of only providing notes on failed trades, interesting circumstances, or by request. Open to any input.
Honestly, sometimes I find myself refraining to comment or criticize some of your trades mostly because, quite frankly, I'm just a break even trader and I find myself asking, "what the ^&%$ do I know?". Hell, if I were you, I would tell myself to," shut the hell up and stop tea bagging your whisky with those ice cold trades!" HAHAHAHA!
But in all respect you have been doing awesome and if it saves a few hours on a post then by all means save the time for the family. I do appreciate them though. If I have questions, I'll ask.
Anyway, nothing for my today. I seen some set ups but didn't like how price action was setting up. I really didn't like how price bolted south on the trapped traders that went long on the 1 to 1. just didn't seem right so since then I was hesitant on entering a trade because I thought that PA would be wonky due to the FOMC meeting.
Here are my notes; US30 -89T (sorry for the small font size. NT8's text box settings are terrible. I can edit it but not to adjust or wrap txt. It has to be done individually)
I found the PA around the 1 to 1 completion to be very interesting. I was glad it was before I started. this PA would of been super enticing to take especially with how weak the bear swing (CD Leg) was. I keep asking myself,"How could I have known that this was a Bull trap?" After price was unable to make a close above the red line would of been a clue to look for an exit but thats all I came up with.
- #20,512
- Sep 22, 2016 3:46pm Sep 22, 2016 3:46pm
- | Joined Mar 2016 | Status: Trader | 1,068 Posts
YM
Remember this long term pattern? It completed today.
Remember this long term pattern? It completed today.
- #20,513
- Sep 22, 2016 4:32pm Sep 22, 2016 4:32pm
- | Joined Mar 2016 | Status: Trader | 1,068 Posts
{quote} I can only speak for myself but I do review your charts and add them to my own journal. I hope you dont mind. But I do realize the amount of time that it takes to do a solid review with explanation. Something I've been laxs on but have revisited in the last few months. Its super time consuming. Honestly, sometimes I find myself refraining to comment or criticize some of your trades mostly because, quite frankly, I'm just a break even trader and I find myself asking, "what the ^&%$ do I know?". Hell, if I were you, I would tell myself to,"...
{quote} I appreciate your charts and the comments on your charts. They give valuable input. However, it take some time to publish them. If you do not post them anymore, I will miss them. Moreover, it keeps this place alive. I know that my input is limited but is intended to show solidarity. However, this is due to my other commitments (FT work, family,..) and to the limitation of MT4 (no entry, exit indication,....). Often, I try to only do small trades with my limited time. This is not the best way to do, but a kind of compromise. When I am off...
Hello to everyone following this awesome thread. I'm a very very long time lurker (around a year probably) and I haven't felt the need to register because I don't think I can contribute much. I can only be thankful to Mr.Pip and also Rocky for sharing their knowledge with us. I have studied their methods and I've mixed them into my own trading style with success in backtesting but I'm around break even on a real account because I'm dealing with my emotions. There is light in the tunnel since I switched from spot forex to futures, though. {quote}...
If there are some of you out there that are learning from my notes then I will keep writing them unless the trade is fairly straightforward.
Welcome x3m
- #20,515
- Sep 23, 2016 7:49am Sep 23, 2016 7:49am
- | Joined Mar 2016 | Status: Trader | 1,068 Posts
{quote} I can only speak for myself but I do review your charts and add them to my own journal. I hope you dont mind. But I do realize the amount of time that it takes to do a solid review with explanation. Something I've been laxs on but have revisited in the last few months. Its super time consuming. Honestly, sometimes I find myself refraining to comment or criticize some of your trades mostly because, quite frankly, I'm just a break even trader and I find myself asking, "what the ^&%$ do I know?". Hell, if I were you, I would tell myself to,"...
- #20,517
- Edited 9:40am Sep 23, 2016 9:06am | Edited 9:40am
- | Joined Mar 2016 | Status: Trader | 1,068 Posts
- #20,519
- Sep 23, 2016 4:13pm Sep 23, 2016 4:13pm
- | Joined Dec 2013 | Status: Trader | 1,118 Posts
{quote} Here's my take on PA from this day. {image}
after looking back my notes and what you were saying about expecting a deep PB to potentially fade the net longs, it became apparent that that was what price intended to do. I wrote down at the beginning of the session that the 2 prior LT corrections were deep and to expect the same and forgot about it or ignored it for present opportunities. Even the next correction was deep. I think its just a case where HTF expectations won over LTF expectations. a important piece that I miss was that they were no in-sync.
I had a picture of the breakdown of the swing but I dont think that it matters since we both agree that I should of been looking for shorts plus the analysis looks like a mess, even to my standards. hahaha
