Ratios & Harmonics: a Different Way to Trade

Quoting jmezz

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{quote} Although I do monitor DOM order flow, I was speaking about price action order flow. Basically once price hits an area I think will yield a nice fade I will wait for a: break of prior swing point retest of structure failure at structure You could say that I'm looking for a head n shoulders or inverse head n shoulders. Validity added to the pattern if it's an order flow change. I've attached some examples. If you're not sure of something let me know and I'll try to explain it better. {image} {image} {image}

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Quoting DocPMD

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{quote} Although looking at the short term swings I saw the same thing you did, I also saw things the way I have it drawn on my attached chart. I basically looked at those last swings as a complex correction. I liked the big bullish bar at the support area that I had drawn. I used a pretty tight stop because, as I said, I also saw that on the basis of the shorter term swings, that could also have been considered a NSL. I think the more important question is why did you go short when you did? The up trend was definitely weakening, but there was no...

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Quoting stavrogijn

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{quote} That is exactly the way I do it to - if with "failure at structure" after the retest you mean a rotation bar? Or do you have different criteria? Can you explain what you are looking for in the DOM? I am trying to educate myself in that regard and am not making any progress. Do you have a good source maybe?Thank you for all the help you are giving, it is truly appreciated!

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Quoting jmezz

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YM +21, -11, +36, +43 = +89 Shoutout to Crixus for referencing the triangle on the larger timeframe. I posted a chart this morning and then updated it later on in the trading day so I was watching this: {image} {image}

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Quoting jmezz

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{quote} Thanks man. I know I didn't let that trade run because I had the fact that I was negative on the day weighing on my mind. I know I shouldn't take emotions from one trade into the next but it's really hard not to when you're negative. Also looking back on my first trade I noticed that it hit a profit of 20pts however I ended up getting stopped out for the +4. I'm now questioning how to handle trades like this because my daily quota is 20pts. So now should I close out of trades early if I hit my quota? Maybe do it if the trades aren't A+ setups?...

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Quoting jmezz

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YM +21, -11, +36, +43 = +89 Shoutout to Crixus for referencing the triangle on the larger timeframe. I posted a chart this morning and then updated it later on in the trading day so I was watching this: {image} {image}

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Quoting Wolves77

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Hi Jmezz, just catching up with the thread and was wondering if your aware of the 'autotrade' facility on myfxbook https://www.myfxbook.com/autotrade/faq. It would mean switching from futures to the regular Dow index but the gains here are absolutely huge. In the example it shows how you can earn $28,000 a month, but with your record within 6 months you would easily be clearing $50k a month from commissions alone. This is great when you have a smaller account. This has always been in my mind for myself but i need to build up a decent...

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Quoting Mack2013

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Good afternoon traders. US30 -89T Well, the market made me eat my words. I guess Friday afternoons can be good sometimes. haha. Left a lot on the table. Went to grab some coffee and was clipped for profit. Honestly, I had the harmonic move to the 61.8 of the L/T swing mapped out but thought it was unlikely that price would make such a move on a Friday afternoon and with the strength down I thought it would of been more likely that price would consolidate , which it looked like it was doing until the thrust up {image}

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Quoting jmezz

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{quote} Oh hell yeah, excellent trade man! Looks like you took advantage of playing the short term as price had created a nsh then pulled back to structure and got bought up putting in a hammer. Can't fault you for exiting where you did either because there was a bunch of confluence going on there with the 618 / swing low / 1:1 completion / fib extension of sorts. Congrats!

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Quoting jmezz

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{quote} Oh ok, glad you figured it out. Have you done much reading regarding fixed ratio money management? I've started researching this a little more but am unclear on how to choose the best delta. When I was playing around in the spreadsheet, choosing an aggressive delta I noticed that the smoothed ratio portion tops out at a certain number of contracts while fixed will continue going until you're trading an obscene amount of contracts haha. I still need to play around with it a little more. {quote} Which trades did you make?

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Quoting gbmcgee

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Mr. Pip, I sorely miss the days when you truly began to teach and train the initial group of students to include Bary, ujku80, hoveguy, rolandW, devontrader, and all the other believers that you so patiently dealt with on a day-day-day and trade-to-trade basis. I also recall watching your videos related to structural analysis, order flow, complex corrections, order flow expectations, etc. over and over. I was absolutely enthralled and totally devoted to the common acronyms of NSH, HL, NSl, and LH. A trader could actually make a living on structural...

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