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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

  • #21,001
  • Nov 7, 2016 7:51am Nov 7, 2016 7:51am
No entries for me yet just been watching price I am interested in longs around 18067 area and shorts around 18100-18110.
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If you fail to plan, you plan to fail.
  • #21,002
  • Nov 7, 2016 8:00am Nov 7, 2016 8:00am
Quoting Mr. Pip
{quote} Why not? I would like to get your take on it.
I was thinking of entering short on the first pinbar but decided to wait and see where the next bar would close. After I saw that it wasn't able to close below the pinbar I decided to wait for more confirmation but the only thing I could see was the buying pressure in the wicks.
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  • #21,003
  • Nov 7, 2016 8:08am Nov 7, 2016 8:08am
I'm short at the moment going through a bit of pain but we will see how it works out.
If you fail to plan, you plan to fail.
  • #21,004
  • Nov 7, 2016 8:11am Nov 7, 2016 8:11am
Quoting x3m-PippiN
{quote} I was thinking of entering short on the first pinbar but decided to wait and see where the next bar would close. After I saw that it wasn't able to close below the pinbar I decided to wait for more confirmation but the only thing I could see was the buying pressure in the wicks. {image}
What about the selling pressure from above? Yes there was not great rotation but consider the context of all of the element that are around you.
If you fail to plan, you plan to fail.
  • #21,005
  • Nov 7, 2016 8:14am Nov 7, 2016 8:14am
ES +3.25

Notes on chart, done for day.

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  • #21,006
  • Nov 7, 2016 8:28am Nov 7, 2016 8:28am
Update, Bears are weak. I need them to pickup the pace here this market should be overbought but it doesn't look good at the moment. I will have to be patient with this one.
Attached Image (click to enlarge)
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If you fail to plan, you plan to fail.
  • #21,007
  • Nov 7, 2016 8:39am Nov 7, 2016 8:39am
Quoting x3m-PippiN
{quote} I was thinking of entering short on the first pinbar but decided to wait and see where the next bar would close. After I saw that it wasn't able to close below the pinbar I decided to wait for more confirmation but the only thing I could see was the buying pressure in the wicks. {image}
Something else to keep an eye on is the size of the real bodies when price enters your zone. This is a good example that shows the bodies getting smaller which shows lack of buying interest.

During the changing of hands you get another pin bar followed by a larger body'd sell candle with rejection on the top and close near the bottom. This bar closed beneath the initial pin bar and imo was your short trigger.

JMO.
  • #21,008
  • Nov 7, 2016 9:06am Nov 7, 2016 9:06am
Quoting jmezz
{quote} Something else to keep an eye on is the size of the real bodies when price enters your zone. This is a good example that shows the bodies getting smaller which shows lack of buying interest. During the changing of hands you get another pin bar followed by a larger body'd sell candle with rejection on the top and close near the bottom. This bar closed beneath the initial pin bar and imo was your short trigger. JMO.
Yes, thinking about it in hindsight it looks like that was an invitation to enter... but guess I was wearing horse blinders and I was only seeing the one thing telling me not to enter.
  • #21,009
  • Edited 9:59am Nov 7, 2016 9:44am | Edited 9:59am
YM is going up like hell. I did not know where to enter, so I did nothing. This PA is not normal!!!

Amazing, momentum is increasing towards 100% of the previous week all the move down.
  • #21,010
  • Nov 7, 2016 10:06am Nov 7, 2016 10:06am
No trades for me today. I'm probably going to be on the sidelines tomorrow and on Wednesday.

Quoting evocpr19
YM is going up like hell. I did not know where to enter, so I did nothing. This PA is not normal!!! Amazing, momentum is increasing towards 100% of the previous week all the move down.

YM is like:
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  • #21,011
  • Nov 7, 2016 11:03am Nov 7, 2016 11:03am
Quoting Mr. Pip
Update, Bears are weak. I need them to pickup the pace here this market should be overbought but it doesn't look good at the moment. I will have to be patient with this one. {image}
Mr Pip
i don't understand the reasoning behind your short. The only thing I see is a possible 1 to 1 exhaustion. Am I missing something?
  • #21,012
  • Nov 7, 2016 11:10am Nov 7, 2016 11:10am
Quoting evocpr19
YM is going up like hell. I did not know where to enter, so I did nothing. This PA is not normal!!! Amazing, momentum is increasing towards 100% of the previous week all the move down.
The driver since Sunday night is the Clinton affair. Markets dropped on the re-launch of the FBI investigation into her emails and has now gapped up on the "nothing to see here" from the FBI.

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  • #21,013
  • Nov 7, 2016 11:19am Nov 7, 2016 11:19am
Quoting crixus
{quote} The driver since Sunday night is the Clinton affair. Markets dropped on the re-launch of the FBI investigation into her emails and has now gapped up on the "nothing to see here" from the FBI. {image}
Cheers Crixus.

I think that I will do nothing.
The price jump out of tiny things is not my like.

PS: As far as I can judge from outside US, it is strange to see that complete states (I think their names are swing states) are changing weekly their mind of who to vote, dependent on some news.
  • #21,014
  • Edited 1:58pm Nov 7, 2016 1:02pm | Edited 1:58pm
Just for info. I was follwing the YM but did not trade it however i could identify three potential trade setups...

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  • #21,015
  • Nov 7, 2016 3:41pm Nov 7, 2016 3:41pm
Quoting steos
{quote} Mr Pip i don't understand the reasoning behind your short. The only thing I see is a possible 1 to 1 exhaustion. Am I missing something?
There were three 1:1 completion points and structure. There was more strength then I wanted to see but I took the trad anyways. The trade went against me really bad but I expected price to hold the range so I entered a second position at around the highs looking at a rescue mission gracefull exit so I managed to get out of the trade for -10 point on 8 contracts for a small -$400 loss for the day. I don't like to do this as this is a very dangerous practice but I was only in with 4 contracts and I felt the range would hold and the market was over extended. My recording software did not work so I have to purchase the license since nice the version I had was given to me by a friend. But hopefully I will get these thing worked out soon and I can start making videos again.
If you fail to plan, you plan to fail.
  • #21,016
  • Nov 7, 2016 3:49pm Nov 7, 2016 3:49pm
Quoting crixus
{quote} The driver since Sunday night is the Clinton affair. Markets dropped on the re-launch of the FBI investigation into her emails and has now gapped up on the "nothing to see here" from the FBI. {image}
I slightly agree with you. Sometimes the market reacts in ways that might make sense and at other times they do not. Sometimes there is reason and at others there is not.

I believe that since Trump has a shot at winning now and that win might stimulate strong selling that prior to the elections, the heavy hitters that have long interest would like to drive the markets as high as possible so if that happens the sell off would not hurt them too bad. Either way the safest place to be is on the sidelines not for me that is like being benched in the Super Bowl. I will be getting down and dirty tomorrow too.
If you fail to plan, you plan to fail.
  • #21,017
  • Nov 7, 2016 4:05pm Nov 7, 2016 4:05pm
Quoting Mr. Pip
{quote} I slightly agree with you. Sometimes the market reacts in ways that might make sense and at other times they do not. Sometimes there is reason and at others there is not. I believe that since Trump has a shot at winning now and that win might stimulate strong selling that prior to the elections, the heavy hitters that have long interest would like to drive the markets as high as possible so if that happens the sell off would not hurt them too bad. Either way the safest place to be is on the sidelines not for me that is like being benched...
Lol, good analogy.
  • #21,018
  • Nov 7, 2016 4:06pm Nov 7, 2016 4:06pm
Quoting x3m-PippiN
{quote} Yes, thinking about it in hindsight it looks like that was an invitation to enter... but guess I was wearing horse blinders and I was only seeing the one thing telling me not to enter.
Yeah everything always makes sense in hindsight, it's so easy to see what you *should* have done haha.

All we can do is study and practice for next time.
  • #21,019
  • Nov 8, 2016 5:05am Nov 8, 2016 5:05am
My first idea was on YM a retest of the high (confluence), but price shows more a will to push down
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  • #21,020
  • Nov 8, 2016 8:36am Nov 8, 2016 8:36am
My trade for the day. It may be my only one too it's a crazy market. Just a pullback into longer term structure in a crazy bullish market targeting the 127 Ext risk free so I will let it be and try to lock in some more if possible.
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If you fail to plan, you plan to fail.
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