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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

  • #20,681
  • Oct 20, 2016 9:51am Oct 20, 2016 9:51am
YM -1, +2, +15 = +16 for today.

Notes on charts.

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  • #20,682
  • Oct 20, 2016 10:19am Oct 20, 2016 10:19am
Today was nice, could grab +12. I was really tempted to go short on the high, but in view of candles, I preferred to not do it.
  • #20,683
  • Oct 20, 2016 11:28am Oct 20, 2016 11:28am
Quoting jmezz
{quote} Mack you killed it yesterday! Those look like nice, straightforward trades. They worked out perfect where you bailed at structure both times. Congrats bud.
Quoting rocky
{image}
Thank you guys. Its nice to not have price make immediate DD upon entry for a change.

Not sure if this helps anyone. I noticed it but it wont help me... I think . Broadening Descending wedge for a continuation higher... maybe??? Probably into the completion of the gartley Mr.Pip highlighted. Breakouts have about 80% success when going with the trend.

Personal, I don't trade this pattern but if price breaks through the zone I might look for a PB and retest of the upper trendline

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  • #20,684
  • Edited 10:33pm Oct 20, 2016 11:51am | Edited 10:33pm
Quoting jmezz
YM -1, +2, +15 = +16 for today. Notes on charts. {image}
yeah, it would of been tough to short that beast. lol choppy day but grinding higher

edit: your bank account grinding higher, not the market. the market looks like its taking turns throwing furniture throw the front window. Its going to be a nasty divorce.
  • #20,685
  • Oct 20, 2016 5:58pm Oct 20, 2016 5:58pm
Quoting jmezz
{quote} How are you determining your stops? Looks like you are using structure to base them off of.
Yes, I am looking to place stops in the vicinity of previous S/R or price hesitation.
  • #20,686
  • Oct 20, 2016 11:00pm Oct 20, 2016 11:00pm
Quoting Mr. Pip
The Bulls have recovered nicely to retest the highs crazy volatility today in the markets but as you can see harmonics are respected very nicely. Bulls need to hold to 18150-18140 and make that NSH above 18170 into the area of 18200. I will be in Toronto this weekend at a trading mastermind I leave in a few hours but I will try to keep up and continue to forecast and update you as you all can see price has within reason respected my assessment and analysis. I would like to see comments and questions on what I have been doing over the last couple...
I'm a little puzzled by the gartley and using the HTF. Are you displaying it for a set up or are you insinuating that the pattern has a high likelihood of completing because price is magnetized to it? Uhmmm. I'm reading my own question and it doesn't sound right. I hope its clear. Personally, I haven't use those patterns for a long time. But if their there then their there. I've been trying to master the other aspects first before moving on. I still have the eye for them, especially the BAT, Gartley, and cypher but could never get them to work for me consistantly. maybe that has changed. I like to think my skills have grown. (sorry, I was typing dialogue that kind of blender with internal thoughts. seems relevant so I didn't erase it. )

I do agree with your point about high volume in the overnight , indicating opposing force and to expect complex correction/price action. I remember that you used to shrink the chart only to find the most relevant impulsive swing to form a bias and use the current and dominate swings to support your bias and enter in relevant locations that support your bias. Is this still your stance?

Thank you in advance
  • #20,687
  • Oct 21, 2016 7:26am Oct 21, 2016 7:26am
Quoting evocpr19
Today was nice, could grab +12. I was really tempted to go short on the high, but in view of candles, I preferred to not do it.
Nice work evo!

Quoting Mack2013
{quote} yeah, it would of been tough to short that beast. lol choppy day but grinding higher edit: your bank account grinding higher, not the market. the market looks like its taking turns throwing furniture throw the front window. Its going to be a nasty divorce.


Now in hindsight that looks like such an obvious sell :/
  • #20,688
  • Oct 21, 2016 7:44am Oct 21, 2016 7:44am
Quoting Mr. Pip
The Bulls have recovered nicely to retest the highs crazy volatility today in the markets but as you can see harmonics are respected very nicely. Bulls need to hold to 18150-18140 and make that NSH above 18170 into the area of 18200. I will be in Toronto this weekend at a trading mastermind I leave in a few hours but I will try to keep up and continue to forecast and update you as you all can see price has within reason respected my assessment and analysis. I would like to see comments and questions on what I have been doing over the last couple...
Quoting Mack2013
{quote} I'm a little puzzled by the gartley and using the HTF. Are you displaying it for a set up or are you insinuating that the pattern has a high likelihood of completing because price is magnetized to it? Uhmmm. I'm reading my own question and it doesn't sound right. I hope its clear. Personally, I haven't use those patterns for a long time. But if their there then their there. I've been trying to master the other aspects first before moving on. I still have the eye for them, especially the BAT, Gartley, and cypher but could never get them to...
Yeah I'm with Mack, I'm just kind of puzzled by it. I know the first half of the thread revolved around using those patterns but imo what you've taught regarding order flow, s/d, and bar-by-bar is much more powerful. Also agree that I still have the eye for them and notice them in passing but I definitely do not seek these patterns out with their respective ratios to solely trade off of because in my experience that has proven inefficient. Perhaps it is beneficial to be aware of them on a higher timeframe and use them only to add a bit of confluence is what you are trying to say.

I do have a question - in your absence a few ppl have posted in here that they are ready for the next chapter in learning. I am under the impression that you have taught us everything that you have intended to teach us via the instructional videos. So are we done in that regard or do we have some more information coming?

Also glad to see you back to the thread and hope you are here to stay a while. I've repeatedly seen 40+ members in the thread at times over the past few days and participation is up as well.
  • #20,689
  • Oct 21, 2016 7:51am Oct 21, 2016 7:51am
YM thoughts this morning

5w down into big picture 618 and demand.

ON session 99% net short.

Gap from 039 to 014.

Being mindful of gap and large picture 618. Think it's possible to see squeeze back up in RTH but current order flow is down.

Will see what RTH presents.

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  • #20,690
  • Oct 21, 2016 9:48am Oct 21, 2016 9:48am
Quoting jmezz
{quote} Nice work evo! {quote} Now in hindsight that looks like such an obvious sell :/
I did this once on dax and price only made a short break. After that, price went further up all day. This was not nice.
  • #20,691
  • Oct 21, 2016 9:52am Oct 21, 2016 9:52am
Quoting jmezz
YM thoughts this morning 5w down into big picture 618 and demand. ON session 99% net short. Gap from 039 to 014. Being mindful of gap and large picture 618. Think it's possible to see squeeze back up in RTH but current order flow is down. Will see what RTH presents. {image}
What a move down (was not in). However, could catch +12 on ym.
  • #20,692
  • Edited 11:00am Oct 21, 2016 9:57am | Edited 11:00am
YM +15, +4 = +19 total

Frustrating PA today. Don't know why YM is so weak.

Notes on chart.

Edit - Got the move I was waiting for, +36 = +55 total for today.

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  • #20,693
  • Oct 21, 2016 10:32am Oct 21, 2016 10:32am
Quoting jmezz
YM +15, +4 = +19 total Frustrating PA today. Don't know why YM is so weak. Notes on chart. {image}
I feel ya. very tight range. I'm always tempted to play it as a range but always get burned so I'll probably just wait. I kind of think if there is a BO to the upside, it might be short lived. Price seems to be compressing so I wouldn't be surprised at a break out failure then a complete reversal for a significant move.

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I know you guys use the YM, do you know if the witching day is.... just checked , next one is the third Friday in December....
  • #20,694
  • Oct 21, 2016 11:02am Oct 21, 2016 11:02am
Quoting Mack2013
{quote} I feel ya. very tight range. I'm always tempted to play it as a range but always get burned so I'll probably just wait. I kind of think if there is a BO to the upside, it might be short lived. Price seems to be compressing so I wouldn't be surprised at a break out failure then a complete reversal for a significant move. {image} I know you guys use the YM, do you know if the witching day is.... just checked , next one is the third Friday in December....
I never really think to play them as a range because I'm always on the lookout for a NSH or NSL lol. I think if I tried to play something as a range I'd just get taken out when the move followed through.

I don't keep track of the triple / quad witching days but I usually see someone post about them on twitter the day of.
  • #20,695
  • Oct 21, 2016 11:34am Oct 21, 2016 11:34am
YM

be2 on this short, hope to see 008ish

Edit - taken out +2

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  • #20,696
  • Oct 21, 2016 12:27pm Oct 21, 2016 12:27pm
Hello Traders,

I'm at this mastermind thing but I will answer your questions Mack you started it so I'll answer yours and jmezz is asking the same thing so I'll expand on that. I will do this probably tonight and there is always more to learn. I will leave you with this and touch more in it tonight. I've always said scale out see that is happening on the larger scale not the larger timeframe. The Gartley is just easier for the newer traders and those less experienced on the 1H then on the 233 but they still there as well. If something is setting up and the expectation takes price in that direction then take the direction and exploit it. Always trade in the direction of strength and have a clear position as to what you are trading. Always ask yourself what is my expectation and am I trading a correction or a continuation? This keeps your profit targets more realistic. More to come.
If you fail to plan, you plan to fail.
  • #20,697
  • Edited 12:59pm Oct 21, 2016 12:46pm | Edited 12:59pm
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Edit: 13:56 hrs EST, PA is stalling, It's Friday, trade closed at .07580, Have a good weekend, Rocky!
  • #20,698
  • Oct 21, 2016 1:18pm Oct 21, 2016 1:18pm
Quoting jmezz
{quote} I never really think to play them as a range because I'm always on the lookout for a NSH or NSL lol. I think if I tried to play something as a range I'd just get taken out when the move followed through. I don't keep track of the triple / quad witching days but I usually see someone post about them on twitter the day of.
Quoting rocky
{image} {image} Edit: 13:56 hrs EST, PA is stalling, It's Friday, trade closed at .07580, Have a good weekend, Rocky!
Quoting Mr. Pip
Hello Traders, I'm at this mastermind thing but I will answer your questions Mack you started it so I'll answer yours and jmezz is asking the same thing so I'll expand on that. I will do this probably tonight and there is always more to learn. I will leave you with this and touch more in it tonight. I've always said scale out see that is happening on the larger scale not the larger timeframe. The Gartley is just easier for the newer traders and those less experienced on the 1H then on the 233 but they still there as well. If something is setting...
true that.

Question for all Ninja users. Have you guys had situations that your stops didn't get triggered and kept you in a trade while price continued into dangerous territory?

If you have, is it insulated to ninja itself and doesn't effect your trade on your brokers account or is it mirrored / duplicated including communication on entry and exit?

I hope that makes sense. I know I'm not using the right terminology.

example:
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  • #20,699
  • Edited 2:01pm Oct 21, 2016 1:29pm | Edited 2:01pm
Quoting rocky
{image} {image} Edit: 13:56 hrs EST, PA is stalling, It's Friday, trade closed at .07580, Have a good weekend, Rocky!
Hahaha! my fat fingers..... I totally know what your talking about. nice trade

definitely looked into adding the footprint to my arsenal.
  • #20,700
  • Oct 21, 2016 1:50pm Oct 21, 2016 1:50pm
US30 -89 T

difficult day. had to be very patient

made errors on my entry and exit.

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