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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

  • #21,061
  • Nov 9, 2016 9:34am Nov 9, 2016 9:34am
second entry
Attached Image (click to enlarge)
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If you fail to plan, you plan to fail.
  • #21,062
  • Nov 9, 2016 9:45am Nov 9, 2016 9:45am
got taken out I did not like the weakness and protected my trade +4
If you fail to plan, you plan to fail.
  • #21,063
  • Nov 9, 2016 9:57am Nov 9, 2016 9:57am
I talked myself out of holding on because of weakness. What a punk Broke my rules and left a really nice trade.
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Click to Enlarge Name: YM 12-16 (233 Tick) 11_9_2016.jpg Size: 122 KB
If you fail to plan, you plan to fail.
  • #21,064
  • Nov 9, 2016 10:05am Nov 9, 2016 10:05am
Late to the market today but what a roller coaster. Anyway, trading cfd on YM, in the same trade as you Pip. Looking for a 1:1 but will trail aggressively once price reaches highs due to strong PRZ (pink rectangle).

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Rise and rise again until lambs become lions
  • #21,065
  • Nov 9, 2016 10:17am Nov 9, 2016 10:17am
How about a live stream on Friday to answer all these question you all have. The market will be closed and we can spend time on Q/A on the chart. would you all be available for something like that or a video would work? I'm thinking I can answer questions that come up and it would be better. Let me know.
If you fail to plan, you plan to fail.
  • #21,066
  • Nov 9, 2016 10:20am Nov 9, 2016 10:20am
Quoting Mr_Burns
Late to the market today but what a roller coaster. Anyway, trading cfd on YM, in the same trade as you Pip. Looking for a 1:1 but will trail aggressively once price reaches highs due to strong PRZ (pink rectangle). {image}
Yeah was too aggressive feel stupid but it is what it is. Looking to possibly short the ABCD completion. My goal was to trade it up but I chickened out. Stops are wide today which raises the stakes a bit.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-16 (233 Tick) 11_9_2016.jpg Size: 125 KB
If you fail to plan, you plan to fail.
  • #21,067
  • Nov 9, 2016 10:27am Nov 9, 2016 10:27am
Quoting Mr. Pip
How about a live stream on Friday to answer all these question you all have. The market will be closed and we can spend time on Q/A on the chart. would you all be available for something like that or a video would work? I'm thinking I can answer questions that come up and it would be better. Let me know.
I will not be able to attend, since I have to work and I have to pick up my child.
  • #21,068
  • Nov 9, 2016 10:30am Nov 9, 2016 10:30am
Quoting Mr. Pip
{quote} Yeah was too aggressive feel stupid but it is what it is. Looking to possibly short the ABCD completion. My goal was to trade it up but I chickened out. Stops are wide today which raises the stakes a bit. {image}
On 1:1 completion. How do set your short profit target? Sorry to ask
  • #21,069
  • Nov 9, 2016 10:37am Nov 9, 2016 10:37am
I let that one go too much lemonade into that PRZ. I might be done for the day.
If you fail to plan, you plan to fail.
  • #21,070
  • Nov 9, 2016 10:39am Nov 9, 2016 10:39am
Quoting evocpr19
{quote} I will not be able to attend, since I have to work and I have to pick up my child.
Friday is a holiday and the markets are closed. no school either. The live stream will be recorded anyways and available for all
If you fail to plan, you plan to fail.
  • #21,071
  • Nov 9, 2016 10:44am Nov 9, 2016 10:44am
Quoting Mr. Pip
{quote} Yeah was too aggressive feel stupid but it is what it is. Looking to possibly short the ABCD completion. My goal was to trade it up but I chickened out. Stops are wide today which raises the stakes a bit. {image}
Yeah fully understandable, if I traded the same size as you do (and for a living) it would be tough to keep emotions in check and not give in when bulls struggled to get the move going.

Stopped out, managed to trail to 154 pips. Looking to short.
Rise and rise again until lambs become lions
  • #21,072
  • Nov 9, 2016 10:47am Nov 9, 2016 10:47am
Quoting Mr. Pip
How about a live stream on Friday to answer all these question you all have. The market will be closed and we can spend time on Q/A on the chart. would you all be available for something like that or a video would work? I'm thinking I can answer questions that come up and it would be better. Let me know.
I should be able to make it, depending on the time since I got commitments for the afternoon/evening and live in Europe.
Rise and rise again until lambs become lions
  • #21,073
  • Nov 9, 2016 10:55am Nov 9, 2016 10:55am
Quoting jmezz
YM +116 ES +13.75 This opened just like brexit where I bought the open there as well. I was able to keep risk to reasonable size, if I was unable to keep risk realistic then I would not have taken these trades. Notes on charts {image} {image}
woooowwwww! nice. I think that covers you for the week uh? hahaha
  • #21,074
  • Nov 9, 2016 10:56am Nov 9, 2016 10:56am
Quoting evocpr19
{quote} On 1:1 completion. How do set your short profit target? Sorry to ask
Draw a fib of the pattern from A to D and your breakeven is the 38% and profit target is the 61.8 of AD.

On any trade if price starts accelerating towards your profit target then you need to extend your target and trail. Keep those expectations in front of you. Consider context and what is reasonable. Ask yourself what is price working towards.
If you fail to plan, you plan to fail.
  • #21,075
  • Nov 9, 2016 10:57am Nov 9, 2016 10:57am
Quoting Mr_Burns
{quote} Yeah fully understandable, if I traded the same size as you do (and for a living) it would be tough to keep emotions in check and not give in when bulls struggled to get the move going. Stopped out, managed to trail to 154 pips. Looking to short.
Champ!!! The emojis suck. I miss them. Let's tell admin to put them back.
If you fail to plan, you plan to fail.
  • #21,076
  • Nov 9, 2016 10:58am Nov 9, 2016 10:58am
Quoting Mr. Pip
{quote} Friday is a holiday and the markets are closed. no school either. The live stream will be recorded anyways and available for all
In US ok, but not in EU. Believe me, my wife told me to pick up my child. If I miss it, I will be in trouble.
  • #21,077
  • Nov 9, 2016 10:58am Nov 9, 2016 10:58am
Quoting Mr_Burns
{quote} Yeah fully understandable, if I traded the same size as you do (and for a living) it would be tough to keep emotions in check and not give in when bulls struggled to get the move going. Stopped out, managed to trail to 154 pips. Looking to short.
good job!
  • #21,078
  • Nov 9, 2016 11:00am Nov 9, 2016 11:00am
Quoting Mr. Pip
{quote} Yeah was too aggressive feel stupid but it is what it is. Looking to possibly short the ABCD completion. My goal was to trade it up but I chickened out. Stops are wide today which raises the stakes a bit. {image}
ah. That sucks. But I can see why you exited. tough call in the moment.
  • #21,079
  • Nov 9, 2016 11:00am Nov 9, 2016 11:00am
Quoting Mr. Pip
{quote} Champ!!! The emojis suck. I miss them. Let's tell admin to put them back.
agreed!
  • #21,080
  • Nov 9, 2016 11:02am Nov 9, 2016 11:02am
Quoting Mr_Burns
{quote} I should be able to make it, depending on the time since I got commitments for the afternoon/evening and live in Europe.
We can do it around the same trading time 0830 Eastern Time or 0900 will be more specific tomorrow. If it is too short notice I will just make a video and we can do a live stream trading session in a couple of weeks once the dust settles for the elections and all the crap.
If you fail to plan, you plan to fail.
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