Ratios & Harmonics: a Different Way to Trade

bammmm! nice trade on long. I think trade 3. Entry was awesome. especially in the trading range. when you showed it, it looks picture perfect. wish I would of seem it myself..

great work

Hey guys I'm beat I'll write what I wanted tomorrow.

nice call. I don't know about you but I love being right

No worries. I hope your getting lots from your trader mastermind...... or are you teaching? Weither way, road trips are fun

Ok this makes sense in regard to keeping the gartley in mind, especially the bolded.

Great trade rocky and thank you for the explanation on the charts. I keep in mind 'who is in trouble' when I fade the overnight imbalance but I don't really take that thinking into the rest of the trading day too often. I might look at price action and think that buying looks weak, or sellers are looking weak however I'm thinking that specifically asking myself the simple question of "Who is in trouble here?" would provide better results with regard to trading psychology.

This has not happened to me however you might want to email ninja and see if they can look into that.

You can't be too angry at this though, lol. Nice trade

I'm pretty sure I would have just bailed once I saw rejection come in just as you did. Unfortunately on the way to your supply zone / fib ext target, price did not create structure for you to trail your stop up to, so at that point the question becomes do you hold with a ~b/e or do you take your profit at 2pm on a Friday afternoon and call it a week? Haha.

You showed great discipline as well in waiting for price to hit your supply zone, rotate up, then take the trade.

Actually trade 3 was really not a smart idea, I bought right in the middle of a range which is not the best thing to do. The smarter trade would have been to wait for the NSH then pullback but like you said in your previous post, "you just don't know." I was more aggressive with my trades this trading day because I truly believed that we still had a chance to squeeze up which became even more apparent to me after we tested the LOD and were unable to break below it.

I will say that in times of volatility or very strong buying / very strong selling, it doesn't hurt to consult a higher timeframe and be aware of areas.

Typically when I see extreme buying or selling I think that higher timeframe buyers or sellers could be involved and will take a quick glance for any areas that stick out.

Friday is a good example:

YM this morning

99% net long so might look for fade back down.

YM +25

Notes on chart

No have not had that issue in the past.

Awesome trade Jmezz!

Went also short on YM. I was not that confident, so I decided to quit with +8.2.

Congrats Jmezz

No I was not teaching, it was on options. Advanced strategies Iron Condors, Butterflies, Straddles and things like that some Calendars. I believe in diversification of assets.

After most of the stops were taken out I observed offers being lifted and decided to take my profit.

Hello Traders,

Back in the thick of things after the Mastermind meetup in Toronto. I had a great time sharing ideas with like minded traders. These meetups are great as we all get to learn from each other and grow a traders. If you have not had an opportunity to be a part of one, try to make that a goal of yours. Anyway back to the markets.

I expect the markets to be crappy and for the most part in range up into the US elections. This presents better intraday opportunities and less swing or longer term opportunities.

Just to clarify in case I was unclear or expressed myself improperly which does happen from time to time. I was not promoting or advocating the use of higher time frames. I made reference to the 1H chart for simplicity for the new or inexperienced traders that have a harder time seeing these things. I have always said to scale out to see the bigger picture. If it's easier for you to see it on a larger time frame that is fine as long as you are not using the larger time frame to find trend or other technical aspects. I do all this from the 233T but again whatever helps you see what you need to see to find the frame work and context of what you are trading. Trade the order flow but it's also important to know what the market may be working towards.

I did not have an opportunity to look at the charts on Friday but the market is still trying to work towards the Gartley. The pattern still in play is raggedy and asymmetric which weakens it to some extent however the basic parameters still make this a valid pattern. I expected this which is why in my initial post I said in the next couple of days to a couple of weeks. The market's general outlook unto the elections is range bound and choppy which will stretch this pattern out.
Structure is messy and order flow does show significant break down which is understandable considering the elections, instability and uncertainty.

I find the market still slightly bullish and we were able to get above the hurtle and barrier of 18170. I also stated heavier resistance around 18200 and that was the case as well. The Bulls need to defend 18100 now and not allow the Bears to bring price back down into the 18000. The lowest they should allow is 18068-18050 to maintain uncommitted buyers interested in buying into a weakening market. The market has produced a NSH followed by a complex correction ABCD down to 18100 area where buyers were ready to step in. Intraday order flow was broken as it has been many times but the bulls need to back above 18160 ASAP and retest or break through 18200 in the next couple of days. We may very well see the test of the 18200 in the overnight hours or in tomorrows action.

Have not much to say except congratulation to both of you jmezz and rocky. My trading is more in line with what rocky is doing so i can understand and learn from him quite a bit. Anyway just wanted to say thanks to both of you. You publish great trade examples.

My future post will be in tune with the 233T while keeping you up to date on the Gartley and what the market is working towards.

The ugly duckling. Notice how even is ugly markets how harmonics are respected. I can show you all of the harmonics on this chart and blow your mind away.

A close up look tell me what I see.