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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

  • #21,101
  • Nov 10, 2016 1:49pm Nov 10, 2016 1:49pm
Quoting Mr_Burns
I won't make it to tomorrows live session, had to cover at work...
Hello Traders, been busy today. Don't worry if you can't make it, it will be available afterwards. There will also be a live trading stream in a couple of weeks. I will set a date and give you all plenty of time to adjust your lives to be able to attend. I will make a note of the questions that were asked and we will go through them one by one. I will be live at 0900 eastern time tomorrow come one come all.
If you fail to plan, you plan to fail.
  • #21,102
  • Nov 10, 2016 1:50pm Nov 10, 2016 1:50pm
Quoting Masterrmind
EURUSD [M5 Chart] {image} Order flow to the downside. Took a few pips in profit but will look to re-enter again for hopefully a greater TP. ps. difference between account history profit and chart profit is ... you guessed it ... broker commission! Masterrmind............
Nice to see you around my friend.
If you fail to plan, you plan to fail.
  • #21,103
  • Nov 10, 2016 1:55pm Nov 10, 2016 1:55pm
Quoting evocpr19
{quote} Jmezz (congrats): Is anything special on the number "200" (I mean your comment on the chart and since it is marked on your fib)? Did not have really time to trade, but could get +17 (5 + 2 +10; small lot). Amazing to see the YM move since yesterday including a lot of harmonic moves.
Anytime price gets up near the 200+ extensions that means it's pretty stretched. I like to keep the 200 in mind because this level means that price is now double the original swing and I've noticed it's a very popular spot for reversals.

I'll attach a few (cherry-picked) examples. 3rd screenshot is failed attempt to correct just to show it doesn't always work.

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  • #21,104
  • Nov 10, 2016 2:03pm Nov 10, 2016 2:03pm
Quoting jmezz
{quote} Anytime price gets up near the 200+ extensions that means it's pretty stretched. I like to keep the 200 in mind because this level means that price is now double the original swing and I've noticed it's a very popular spot for reversals. I'll attach a few (cherry-picked) examples. 3rd screenshot is failed attempt to correct just to show it doesn't always work. {image} {image} {image}
Cheers for the explanation.
  • #21,105
  • Nov 10, 2016 2:24pm Nov 10, 2016 2:24pm
Quoting jmezz
ES +6.5 = 20.25 total on ES One more trade on this ES now I'm done for the day. Notes on chart {image}
That was a super nice read. Looking at why you took it made a lot of sense but honestly i don't think I would of had the courage to take it or play it as well as you did. very nice.
  • #21,106
  • Nov 10, 2016 2:27pm Nov 10, 2016 2:27pm
Quoting Mr. Pip
{quote} Hello Traders, been busy today. Don't worry if you can't make it, it will be available afterwards. There will also be a live trading stream in a couple of weeks. I will set a date and give you all plenty of time to adjust your lives to be able to attend. I will make a note of the questions that were asked and we will go through them one by one. I will be live at 0900 eastern time tomorrow come one come all.
Thank you very much for the recording in advance. I too will be beckoning to my masters wishes. Yes sir. How high sir? Will you like me to jab my eye out with this rusty screwdriver sir?
  • #21,107
  • Nov 10, 2016 2:31pm Nov 10, 2016 2:31pm
Nothing from me for the last couple of days . i'm hoping t be a little more active next week tho. congrats to all for an outstanding week.
  • #21,108
  • Nov 10, 2016 2:35pm Nov 10, 2016 2:35pm
Quoting Mack2013
{quote} Thank you very much for the recording in advance. I too will be beckoning to my masters wishes. Yes sir. How high sir? Will you like me to jab my eye out with this rusty screwdriver sir?
Use it as fuel, as an empowerment tool to help you reach your goal.
If you fail to plan, you plan to fail.
  • #21,109
  • Nov 10, 2016 3:03pm Nov 10, 2016 3:03pm
It sure is nice to see this thread come alive again. I have a hard time posting, but I am following. Lots of progress being made, keep it up guys!
Damn The Torpedoes, Full Speed Ahead!
  • #21,110
  • Nov 10, 2016 3:05pm Nov 10, 2016 3:05pm
Quoting DizzleFX
It sure is nice to see this thread come alive again. I have a hard time posting, but I am following.
Hey Dizzle nice to see you.
If you fail to plan, you plan to fail.
  • #21,111
  • Nov 10, 2016 3:13pm Nov 10, 2016 3:13pm
Quoting Mr. Pip
{quote} Hey Dizzle nice to see you.
Same to you as well! Lots of good things happening around here, thanks for all you do! I'll be back around my trading station in December, hopefully all this interaction is still happening.
Damn The Torpedoes, Full Speed Ahead!
  • #21,112
  • Nov 10, 2016 3:17pm Nov 10, 2016 3:17pm
Okay Traders,

Tomorrow I will be live at around 0900 Eastern Time. I will be posting the live link here in the thread. Look for it in the morning. It will not be a live trading event but one will be coming. I cannot rule out taking a trade or two but the focus will be to address the issues you all are struggling with and answer questions on new questions that come up.

I will be covering these topics these topics and tomorrow with the link to the live stream I will be posting the outline but roughly we will be discussing

Forcing Trades
Stop Management
Graceful Exits
Realignment when we are wrong
Getting lost in short term and longer term order flow
Trade management from entry, stops, targets and trailing.
Psychology, fear, greed, patience
Discipline
Reversals
Capturing 70% of the move
Range bound markets and handling expectation failures.

I believe this will be a very informative session and a lot of information will be covered.

The session will be available after for those of you who cannot attend. I'm looking forward to sharing my thoughts with you all.
If you fail to plan, you plan to fail.
  • #21,113
  • Nov 10, 2016 3:40pm Nov 10, 2016 3:40pm
Quoting Mr. Pip
Okay Traders, Tomorrow I will be live at around 0900 Eastern Time. I will be posting the live link here in the thread. Look for it in the morning. It will not be a live trading event but one will be coming. I cannot rule out taking a trade or two but the focus will be to address the issues you all are struggling with and answer questions on new questions that come up. I will be covering these topics these topics and tomorrow with the link to the live stream I will be posting the outline but roughly we will be discussing Forcing Trades Stop Management...

Thank you a lot. I will watch the video afterwards, due to my work.
  • #21,114
  • Nov 10, 2016 3:59pm Nov 10, 2016 3:59pm
Quoting jmezz
YM +11, +20 = +31 ES +2.25, +4.25 = +6.50 Notes on charts. {image} {image}
You did very nice trades. I have a long walk to go.

Currently, I am still looking for a futures account with a bank account in EU. I have found one in Europe which would fit, but they do not have Ninja. I then asked, if it is possible to connect with a buyed version. He answered, that it is not possible for new licenses (CQG: for existing customer only). I have to check if I can life with their software.

I ended the day finally with +14,2
  • #21,115
  • Nov 10, 2016 4:09pm Nov 10, 2016 4:09pm
Quoting Mr. Pip
Okay Traders, Tomorrow I will be live at around 0900 Eastern Time. I will be posting the live link here in the thread. Look for it in the morning. It will not be a live trading event but one will be coming. I cannot rule out taking a trade or two but the focus will be to address the issues you all are struggling with and answer questions on new questions that come up. I will be covering these topics these topics and tomorrow with the link to the live stream I will be posting the outline but roughly we will be discussing Forcing Trades Stop Management...
Wish I could like this post more times lol.

Can you add "Know if you're trading a continuation or a correction" to that list? Or perhaps that is something that can be covered quickly in a post.

I am bummed that I am not going to be available for the live stream but I cannot articulate how incredibly amped up I am for this video, especially after seeing the list of topics that you are going to cover. This is huge.

The clarity that this information will provide is simply invaluable!
  • #21,116
  • Nov 10, 2016 4:15pm Nov 10, 2016 4:15pm
Quoting evocpr19
{quote} You did very nice trades. I have a long walk to go. Currently, I am still looking for a futures account with a bank account in EU. I have found one in Europe which would fit, but they do not have Ninja. I then asked, if it is possible to connect with a buyed version. He answered, that it is not possible for new licenses (CQG: for existing customer only). I have to check if I can life with their software. I ended the day finally with +14,2
I think you can check more UK brokers here: http://www.cmegroup.com/tools-information/find-a-broker.html#pageNumber=1&country=BrokerInfo:country/UK but unfortunately I don't know enough about trading in UK to recommend anything.

I was under the impression that Ninja was available to those in other countries. Sorry to hear.
  • #21,117
  • Nov 10, 2016 4:22pm Nov 10, 2016 4:22pm
Quoting evocpr19
{quote} You did very nice trades. I have a long walk to go. Currently, I am still looking for a futures account with a bank account in EU. I have found one in Europe which would fit, but they do not have Ninja. I then asked, if it is possible to connect with a buyed version. He answered, that it is not possible for new licenses (CQG: for existing customer only). I have to check if I can life with their software. I ended the day finally with +14,2
Have you tried calling ninjatrader brokerage? speak with them directly they are very friendly and will answer your questions and point you in the right direction.
If you fail to plan, you plan to fail.
  • #21,118
  • Nov 10, 2016 4:23pm Nov 10, 2016 4:23pm
Quoting jmezz
{quote} Wish I could like this post more times lol. Can you add "Know if you're trading a continuation or a correction" to that list? Or perhaps that is something that can be covered quickly in a post. I am bummed that I am not going to be available for the live stream but I cannot articulate how incredibly amped up I am for this video, especially after seeing the list of topics that you are going to cover. This is huge. The clarity that this information will provide is simply invaluable!
Sure, it will be added.
If you fail to plan, you plan to fail.
  • #21,119
  • Nov 10, 2016 4:35pm Nov 10, 2016 4:35pm
Quoting Mr. Pip
{quote} Have you tried calling ninjatrader brokerage? speak with them directly they are very friendly and will answer your questions and point you in the right direction.
yes I used the chat function of the Ninja website. They said that it is true for CQG (for existing customer only). If I had buyed Ninja 1 years ago, it would be no problem.
I have either to search another brooker or to take the in-house software of the brooker. I wish only to have a real tick chart in front of me and not an emulated tick chart based on CFD.
  • #21,120
  • Nov 10, 2016 5:37pm Nov 10, 2016 5:37pm
Quoting evocpr19
{quote} yes I used the chat function of the Ninja website. They said that it is true for CQG (for existing customer only). If I had buyed Ninja 1 years ago, it would be no problem. I have either to search another brooker or to take the in-house software of the brooker. I wish only to have a real tick chart in front of me and not an emulated tick chart based on CFD.
You could use Kinetic for a fee that is what I used to use
If you fail to plan, you plan to fail.
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