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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

  • #20,961
  • Nov 3, 2016 10:28am Nov 3, 2016 10:28am
Locked in ten points
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If you fail to plan, you plan to fail.
  • #20,962
  • Nov 3, 2016 10:29am Nov 3, 2016 10:29am
Quoting Mr. Pip
{quote} We need that to change. I'm looking for the area to hold but the buyers are week right now. They need to get it together.
Bulls are currently fighting.
tomorrow is nfp day....
  • #20,963
  • Nov 3, 2016 10:30am Nov 3, 2016 10:30am
Quoting Mack2013
{quote} this threads almost at page 700
It's at page 1049
If you fail to plan, you plan to fail.
  • #20,964
  • Nov 3, 2016 10:32am Nov 3, 2016 10:32am
I got aggressive and locked in ten points because of the weakness from the bulls. I also see great momentum on this push up so I also extented my profit target to the highs. I'm not going to hold my breath but at this point I don't care what happens.
Attached Image (click to enlarge)
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If you fail to plan, you plan to fail.
  • #20,965
  • Nov 3, 2016 10:34am Nov 3, 2016 10:34am
Quoting Mr. Pip
{quote} It's at page 1049
hahaha sorry set my settings at 30 replys vs the default 20 replys
  • #20,966
  • Nov 3, 2016 10:36am Nov 3, 2016 10:36am
OK out at +10 so 15 for the day. Tough, tough markets but finding our way through it. I will try to post my analysis later today but I hope you all enjoyed posts.
If you fail to plan, you plan to fail.
  • #20,967
  • Nov 3, 2016 10:50am Nov 3, 2016 10:50am
Quoting rocky
{image}
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  • #20,968
  • Edited Nov 4, 2016 9:06am Nov 3, 2016 11:08am | Edited Nov 4, 2016 9:06am
Quoting Mr. Pip
OK out at +10 so 15 for the day. Tough, tough markets but finding our way through it. I will try to post my analysis later today but I hope you all enjoyed posts.
It was a valiant try and you managed it well. I agree with you that PA has been tough. Very back and forth, a lot of pain.

Currently I'm still holding. Sort of feeling like it was the wrong decision but I feel like the consolidation range will hold.

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Quoting rocky
{quote} {image} {image}
Thanks for posting ... especially the footprint. It's interesting to see how much activity is at the bottom or lower range

Update: managed this poorly. I knew their would be pain so let it ride. Well Rode it into a -23 pip loss. haha!
  • #20,969
  • Nov 3, 2016 11:08am Nov 3, 2016 11:08am
Quoting x3m-PippiN
{quote} It makes perfect sense. When I got to the charts price had just formed the orange NSH and I was expecting a shallow PB because of the decreased depth after the yellow NSH and increased projection to the orange NSH. However price made a deeper than expected PB on a strong bearish bar and that's when I thought that we are probably in the orange leg and not the yellow one. Btw I wasn't looking for a trade just observing. I also tend to get caught up in short term orderflow and not being patient for the bigger picture to form. {quote} I wasn't...
HAHAHA. nice pic
  • #20,970
  • Nov 3, 2016 11:11am Nov 3, 2016 11:11am
Maybe a bit ambitious but i can dream
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It's a dirty job but someone's gotta do it!
  • #20,971
  • Nov 3, 2016 11:33am Nov 3, 2016 11:33am
Quoting steos
Hi Mr Pip and team I took a long as you can see from the up arrow but my entry was not that good. My expectation is for a NSH as per black line. {image}
Closed manually for -40 points
Did not want to keep it longer due to nfp.
  • #20,972
  • Nov 3, 2016 11:45am Nov 3, 2016 11:45am
Quoting rocky
{quote} {image} {image}
I hear you my friend ten points a day is huge I needed to be aggressive and lock in some profit. Not sure where it's at now. Thanks again for your insight.
If you fail to plan, you plan to fail.
  • #20,973
  • Nov 3, 2016 2:15pm Nov 3, 2016 2:15pm
Quoting rocky
{image}
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  • #20,974
  • Nov 3, 2016 7:26pm Nov 3, 2016 7:26pm
Quoting rocky
...

Hey Rocky, what about this LT analysis of the S&P 500? (CFD from Oanda)

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Closer...

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  • #20,975
  • Edited 2:40am Nov 4, 2016 2:22am | Edited 2:40am
Short CL (8 tick range bar chart) .. lets see how the cookie crumbles.
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Momentum was very strong on the upmove (looking @ 987 volume chart) but R:R is very good. Very aggressive with MM. Already to BE+2 .... and stopped out while typing.

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  • #20,976
  • Nov 4, 2016 7:05am Nov 4, 2016 7:05am
ES +.25
YM +10

Think I'm done for today with this action.

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  • #20,977
  • Nov 4, 2016 7:21am Nov 4, 2016 7:21am
YM +25

We made a weak NSL so I waited for a deep PB and took the trade when I saw the bearish bar. I was going to enter earlier but decided to wait for the 1:1 on the PB. Exit was manually because of the strong bullish bar and there is demand on bigger TF below.

Jmezz, nice entry on YM ... I was looking for a re-entry also but my tick chart doesn't show the same candle for an entry as yours.

I'm done with YM for the day.
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  • #20,978
  • Nov 4, 2016 9:56am Nov 4, 2016 9:56am
not my day, I managed the trade not good and ended BE (wrong entry price; lot of resistance). Expectation was a 1:1 projection up which finally happened and even more. Was looking for a retest of 18000 (on my chart). An entry at an better place would have been possible later on, but I had an appointment.
s--t happens.
  • #20,979
  • Nov 4, 2016 10:09am Nov 4, 2016 10:09am
Good morning

This is my road map this morning. Even though Price has been pretty bullish this morning. I'm looking to enter short. There's still a lot of struggle from the bears. I'm thinking they just need a reason to move.

Full disclosure: took a 23 pip loss yesterday. managed it poorly. Thought for sure price was going to bounce off the supply zone . knew there was going to be pain so I never went to BE. Poor decision. oh well

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  • #20,980
  • Nov 4, 2016 10:09am Nov 4, 2016 10:09am
Quoting x3m-PippiN
YM +25 We made a weak NSL so I waited for a deep PB and took the trade when I saw the bearish bar. I was going to enter earlier but decided to wait for the 1:1 on the PB. Exit was manually because of the strong bullish bar and there is demand on bigger TF below. Jmezz, nice entry on YM ... I was looking for a re-entry also but my tick chart doesn't show the same candle for an entry as yours. I'm done with YM for the day. {image}
nicely done
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