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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

  • #20,841
  • Oct 31, 2016 10:31am Oct 31, 2016 10:31am
Quoting chotabheem
My perspective on dj30_z6 (and trade with SL and TP) {image}
It went good job. Tighten it up.
If you fail to plan, you plan to fail.
  • #20,842
  • Oct 31, 2016 11:54am Oct 31, 2016 11:54am
Good morning or afternoon for you guys on the east coast

US30 -89T

This is what I'm looking at this morning. Starting a bit late but still have a couple of hours

Expecting price to push lower because of L/T order flow. but the lime box is a challenge.

Attached Image (click to enlarge)
Click to Enlarge Name: Chart.png Size: 78 KB
  • #20,843
  • Oct 31, 2016 12:08pm Oct 31, 2016 12:08pm
Quoting Mack2013
Good morning or afternoon for you guys on the east coast US30 -89T This is what I'm looking at this morning. Starting a bit late but still have a couple of hours Expecting price to push lower because of L/T order flow. but the lime box is a challenge. {image}
I was thinking the same Mack, but I will not try to enter in any direction, since I do not like the PA. I got kicked out earlier with +1.

Good luck
  • #20,844
  • Oct 31, 2016 12:09pm Oct 31, 2016 12:09pm
Hello Traders I will be posting my analysis for the YM later on today and also for the EURUSD we need participation to increase or it won't be worth doing a live stream. Let's get to work.
If you fail to plan, you plan to fail.
  • #20,845
  • Oct 31, 2016 12:16pm Oct 31, 2016 12:16pm
Quoting evocpr19
{quote} I was thinking the same Mack, but I will not try to enter in any direction, since I do not like the PA. I got kicked out earlier with +1. Good luck
yeah, theirs definitely a struggle for control. I entered long earlier before I finished my analysis based on S/T order flow and PA but then I closed the trade at B/E (thank you market) because I seen my error and the lack of confidence.

Waiting for more information

Good luck to you
  • #20,846
  • Oct 31, 2016 12:22pm Oct 31, 2016 12:22pm
Quoting jmezz
YM -13, +6 = -7 total ES +.25 Really shouldn't have been trying to trade this as the PA is garbage so far today. Notes on charts. {image} {image}
On the YM, I would have to concur with your assessment. It did look like price want to touch the 95 (test the open) then it just collapsed. Outstanding read with respect to your exit.
  • #20,847
  • Oct 31, 2016 12:28pm Oct 31, 2016 12:28pm
Quoting chotabheem
My perspective on dj30_z6 (and trade with SL and TP) {image}
Are you still in this?
  • #20,848
  • Oct 31, 2016 1:59pm Oct 31, 2016 1:59pm
Quoting Mack2013
Good morning or afternoon for you guys on the east coast US30 -89T This is what I'm looking at this morning. Starting a bit late but still have a couple of hours Expecting price to push lower because of L/T order flow. but the lime box is a challenge. {image}
aghhhh. lost patience with this trade. probably an emotional error since I do expect PA to continue lower but PA looks very weak. Maybe it just doesn't have the volatility and thats a little concerning

Attached Image (click to enlarge)
Click to Enlarge Name: Chart.png Size: 89 KB
  • #20,849
  • Oct 31, 2016 2:19pm Oct 31, 2016 2:19pm
Quoting Mack2013
{quote} aghhhh. lost patience with this trade. probably an emotional error since I do expect PA to continue lower but PA looks very weak. Maybe it just doesn't have the volatility and thats a little concerning {image}
Congrats Mack. You had more patience than me.
  • #20,850
  • Oct 31, 2016 3:39pm Oct 31, 2016 3:39pm
Today's Harmonic action. The trade I took earlier is all i had for the day. I just wanted you all to see how non random the market is. I will post the analysis shortly.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-16 (233 Tick) 10_31_2016.jpg Size: 135 KB
If you fail to plan, you plan to fail.
  • #20,851
  • Oct 31, 2016 3:49pm Oct 31, 2016 3:49pm
Quoting evocpr19
{quote} Congrats Mack. You had more patience than me.
thanks dude
  • #20,852
  • Oct 31, 2016 4:25pm Oct 31, 2016 4:25pm
Hello Traders,

Here is my outlook for the evening hours and into tomorrow morning. With the US elections on our door step the YM is expected to stay in this broader rage between 18200 and 17980 through the middle of next week. The Gardley Pattern is still in play however it's anyone's guess if it will complete anytime prior to the elections or if at all. Today's range was much tighter and I expect for the market to find buyer looking to take price higher at 18050 with sellers ready to defend 18107. The sellers have been more efficient then the buyers so the general bias is to the short side. The market has also found Harmonic price action putting in numerous ABCD patterns.

On the immediate the Bears should be able to take price back down into 18050 area and break past that to test 18013 area to complete an ABCD. If the Bears get past 18050 area, look for opportunities reflected in the chart below.

The first chart reflects the 1HR and the possible bigger picture which at this point doesn't look good for the buyers.

The second chart shows the general range on the 1597T.

The third is the 233T and the only one I care about. The other one were added for your benefit.

We will see how this all plays out tomorrow morning.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: YM 12-16 (60 Min) 10_31_2016.jpg Size: 189 KB
Click to Enlarge Name: YM 12-16 (1597 Tick) 10_31_2016.jpg Size: 169 KB
Click to Enlarge Name: YM 12-16 (233 Tick) 10_31_2016.jpg Size: 144 KB
If you fail to plan, you plan to fail.
  • #20,853
  • Oct 31, 2016 4:28pm Oct 31, 2016 4:28pm
Being that it's Halloween and my daughter is wanting to to go trick or treating with her I will not be able to post the EURUSD I will be doing so tomorrow. I'm also trying to see if this is the best way to provide this to you feedback would help me so don't be shy.
If you fail to plan, you plan to fail.
  • #20,854
  • Oct 31, 2016 4:29pm Oct 31, 2016 4:29pm
today's trade. EURUSD 1min. closed +19
Attached Image (click to enlarge)
Click to Enlarge Name: NMeUn1M.png Size: 21 KB


I got one more at 1.0958 1H. Still open. Waiting the 1.1020
Attached Image (click to enlarge)
Click to Enlarge Name: goVQlFE.png Size: 25 KB
  • #20,855
  • Oct 31, 2016 11:39pm Oct 31, 2016 11:39pm
Quoting Mr. Pip
{quote} It went good job. Tighten it up.
I trailed it and got out at TP, thank you Mr.PIP.
I follow only one person and his strategies...
  • #20,856
  • Edited 5:44am Nov 1, 2016 5:15am | Edited 5:44am
eurusd
first is to thank my teacher(mr pip.) and all who have kept this thread alive Âand for the kind of knowledge you share. I have learnt a lot and believe more is coming.
in my humble opinion.
bearish bat in the making(at H1)
Attachment
bearish butterfly in the making(233)
Attachment
Â
It is not over until I win
  • #20,857
  • Nov 1, 2016 6:08am Nov 1, 2016 6:08am
Quoting karasinga
eurusd first is to thank my teacher(mr pip.) and all who have kept this thread alive and for the kind of knowledge you share. I have learnt a lot and believe more is coming. in my humble opinion. bearish bat in the making(at H1) {image} bearish butterfly in the making(233) {image}
Karasinga, I cannot open your attachments.
  • #20,858
  • Nov 1, 2016 6:19am Nov 1, 2016 6:19am
Quoting evocpr19
{quote} Karasinga, I cannot open your attachments.
my apologies. struggling to post
bearish bat
https://i.imgur.com/rWLLckl.png
bearish butterfly
https://i.imgur.com/PyJaMpX.png
It is not over until I win
  • #20,859
  • Nov 1, 2016 6:29am Nov 1, 2016 6:29am
My perspective on dj30_z6

(trade levels are in the chart)

(correct me if am wrong on this)

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 58 KB
I follow only one person and his strategies...
  • #20,860
  • Edited 6:58am Nov 1, 2016 6:39am | Edited 6:58am
Quoting chotabheem
My perspective on dj30_z6 (trade levels are in the chart) (correct me if am wrong on this) {image}
We made a weak NSH. Moreover rejection on the retest. I would tend on a harmonic move down.

Maybe, someone else could give his view.
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