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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

  • #21,181
  • Nov 14, 2016 10:45am Nov 14, 2016 10:45am
Just a note from my recent trading:

I have to say that I have been placing my orders at the confluence of structure and fibonacci levels 61.8% or deeper without waiting for bar by bar analysis. Most of the time it is the scariest trade ever as price just shoots up into the order but quickly stalls and reverses after just a few points +/-.

I have been trying to focus on moves that have strong momentum like EU this morning - I took the same trade as Mastermind - twice and hit the entries within 5 pips each time.

I have found that using this method so far that it has been the best wholesale price for entry. I will continue to use this for a while and see if it holds true. Why wait for the "bulls or bears" to take control when you can be the one taking control at the moment where price should want to turn around.
  • #21,182
  • Nov 14, 2016 10:49am Nov 14, 2016 10:49am
Quoting Harmonic1976
Just a note from my recent trading: I have to say that I have been placing my orders at the confluence of structure and fibonacci levels 61.8% or deeper without waiting for bar by bar analysis. Most of the time it is the scariest trade ever as price just shoots up into the order but quickly stalls and reverses after just a few points +/-. I have been trying to focus on moves that have strong momentum like EU this morning - I took the same trade as Mastermind - twice and hit the entries within 5 pips each time. I have found that using this method...
To reduce variance. It is a matter of taste though.
  • #21,183
  • Nov 14, 2016 10:50am Nov 14, 2016 10:50am
Quoting Allanur
{quote} Made today 100+ pips on EUR/CHF implementing your teachings
Awesome!!!
If you fail to plan, you plan to fail.
  • #21,184
  • Nov 14, 2016 10:52am Nov 14, 2016 10:52am
Quoting BenScoobert
{quote} I was just looking for better charting software today. NT is a bit steep, what are people using? MT4 sucks!
For the Futures markets, most are using Sierra chart, Investor/RT from Linnsoft or Ninjatrader as well as Tradestation. However, AMP is now offering MT5 too for the Futures markets.
  • #21,185
  • Nov 14, 2016 10:56am Nov 14, 2016 10:56am
YM +23

Notes on chart.

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  • #21,186
  • Nov 14, 2016 11:02am Nov 14, 2016 11:02am
Just the one trade for me today

Cable 5 min

Expectation was for a LH, and then for price to make a NSL.

Although price did go against me, It did eventually turn in my favor.
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  • #21,187
  • Nov 14, 2016 11:09am Nov 14, 2016 11:09am
Quoting jlares
Hello Mr. Pip, As I was discussing with you here is an example of my struggles. I am not able to identify a good entry point. Whenever I think the pullback is over I put in an order only to find out that the retracement was not yet completed. In this example I entered on a very bullish candle in an area of of support (at least I thought it was) only to be followed by a very bearish candle. Here is an example of what I was talking to you about. Thank you so much for your help {image}
In addition to Crixus' and Damian's tips, this is a good example of how using the 1:1 correction would help. It never hurts to keep it in mind and see if you can build confluence around the completion point.

Edit - Also wanted to say that trading off the 382 is difficult. I notice a lot of failures at this level and I try to avoid trading off of it although there are some instances where it provides a good possible trade.

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  • #21,188
  • Nov 14, 2016 11:33am Nov 14, 2016 11:33am
US30 - 89T

This mornings road map

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  • #21,189
  • Nov 14, 2016 1:02pm Nov 14, 2016 1:02pm
Quoting Mack2013
{quote} Good morning. The link isn't working but if you search it on youtube , its there. I would like to thank you in advance for another great video. Try not to be discourage from the low turn out. The video has had 147 views already. I believe this is evidence of the demand for your teaching. Sometimes aligning time can be a lot like aligning order flow. Audio is a little low - had to crank it up. But still could hear. Questions: 1) at 19:50 you mentioned that price had a rotation but it didn't meet your criteria for a rotation. What is...
Hey Mack,

What I like to see in price rotation is a 180 degree change from buying to selling or selling to buying depending on which way I'm trading. I don't like to see the rotating trade higher or lower then the candle it is trying to take over. I must admit that I am revisiting this last point as lately I have been seeing candles trade higher or lower and have gone on to make great moves. Most people would call them rejection candles or hammers, pinbars but I am still looking into this.

The reason why I don't like this is because I feel if the correcting force is exhausted there should not be buying or selling that must be overcomed by the continuing force. I like to see no more buying or selling but I am looking at this in deeper detail.
If you fail to plan, you plan to fail.
  • #21,190
  • Nov 14, 2016 1:23pm Nov 14, 2016 1:23pm
Quoting areza
practise practise and practise,.expecting nsl {image}
This is a beautiful example of how you can see the break down in order flow to expect a deeper correction or change coming. The is does not always translates into a reversal of trend but you can see how you can use shorterm harmonics to accurately forecast entries and profit targets within the context of what is happening.
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If you fail to plan, you plan to fail.
  • #21,191
  • Edited 1:56pm Nov 14, 2016 1:26pm | Edited 1:56pm
I am currently playing with a future demo (unfortunately not Ninja). It makes more fun compared to an emulated CFD chart.

What is the advantage of volume bars versus Tick (I saw later that I was trading with volume bars) ?

I found this definition:
Tick Bar - Prints a bar for every X number of trades (https://futures.io/wiki/trading-wiki/Number-of-Trades) . If someone trades (https://futures.io/wiki/trading-wiki/Trades) 1 contract (https://futures.io/wiki/trading-wiki/Contract) in a transaction, that counts as one trade. If someone trades 3 contracts (https://futures.io/wiki/trading-wiki/Contracts) in a transaction, that STILL only counts as 1 trade.

Volume Bar - Prints a bar for every X number of contracts transacted. i.e. If someone trades 3 contracts in a transaction, that counts as 3.


Would have been a nice trade.
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  • #21,192
  • Nov 14, 2016 1:28pm Nov 14, 2016 1:28pm
Quoting steos
{image} Friday trade in line with guidelines. Got stopped out for 20 points.
Your trade was showing significant break down in price action and in increase in volatility. When this happens you need to give your trade more room and consider the context or framework that price needs to respect. You did not have a great entry but you gave yourself little chance to succeed here. You were trading against short term strength and that is not terrible but knowing this should have put you either on the sidelines of giving your trade more time and tolerance to work out.
If you fail to plan, you plan to fail.
  • #21,193
  • Nov 14, 2016 1:57pm Nov 14, 2016 1:57pm
Quoting BenScoobert
{quote} I was just looking for better charting software today. NT is a bit steep, what are people using? MT4 sucks!
Had a good search around and answered this myself, thought I'd share.

https://www.fxcm.com/uk/forex-trading-demo/
Got the windows platform from here, much better than mt4 for drawing imaginary lines
  • #21,194
  • Nov 14, 2016 2:41pm Nov 14, 2016 2:41pm
Quoting Mr. Pip
{quote} Hey Mack, What I like to see in price rotation is a 180 degree change from buying to selling or selling to buying depending on which way I'm trading. I don't like to see the rotating trade higher or lower then the candle it is trying to take over. I must admit that I am revisiting this last point as lately I have been seeing candles trade higher or lower and have gone on to make great moves. Most people would call them rejection candles or hammers, pinbars but I am still looking into this. The reason why I don't like this is because I feel...
Thank you for your response. I am also doing some research around the subject of rotation bars and have other questions. I'll post and ask questions soon. Thank you again.
  • #21,195
  • Nov 14, 2016 2:44pm Nov 14, 2016 2:44pm
Quoting Mack2013
US30 - 89T This mornings road map {image}
+41

To be honest. I put my stops at BE after structure was tested but for what ever reason it wasn't triggered. I also missed my Profit target by 3 pips so I manually exited. It wasn't worth 41 pips for another 10

Even with the current Bearish strength, I am still expecting a Long term NSH or at least a retest.

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  • #21,196
  • Nov 14, 2016 3:03pm Nov 14, 2016 3:03pm
Quoting Masterrmind
{quote} Yes patience is a very difficult one to master. Its very important to build this skill though. ps. no-one ever gets this perfect though ... no-one! Masterrmind.............
Very true
If you fail to plan, you plan to fail.
  • #21,197
  • Nov 14, 2016 3:09pm Nov 14, 2016 3:09pm
Quoting Harmonic1976
Just a note from my recent trading: I have to say that I have been placing my orders at the confluence of structure and fibonacci levels 61.8% or deeper without waiting for bar by bar analysis. Most of the time it is the scariest trade ever as price just shoots up into the order but quickly stalls and reverses after just a few points +/-. I have been trying to focus on moves that have strong momentum like EU this morning - I took the same trade as Mastermind - twice and hit the entries within 5 pips each time. I have found that using this method...
It's always nice to get some kind of price confirmation but I understand your point expectations do hold lots more then it does not so the probabilities are on our side. When trading 20 0r 30+ contracts that price confirmation feels good to me. I don't mind giving up a few points for it.
If you fail to plan, you plan to fail.
  • #21,198
  • Nov 14, 2016 3:11pm Nov 14, 2016 3:11pm
Quoting jmezz
YM +23 Notes on chart. {image}
I took the same trade. Nice work!
If you fail to plan, you plan to fail.
  • #21,199
  • Nov 14, 2016 3:17pm Nov 14, 2016 3:17pm
Quoting evocpr19
I am currently playing with a future demo (unfortunately not Ninja). It makes more fun compared to an emulated CFD chart. What is the advantage of volume bars versus Tick (I saw later that I was trading with volume bars) ? I found this definition: Tick Bar - Prints a bar for every X number of trades (https://futures.io/wiki/trading-wiki/Number-of-Trades) . If someone trades (https://futures.io/wiki/trading-wiki/Trades) 1 contract (https://futures.io/wiki/trading-wiki/Contract) in a transaction, that counts as one...
It's a matter of preference really whichever helps you make the best decisions. The important thing is that you are aligned with the strength of the market in the direction it wants to go in and that your entries are at wholesale long before the retail traders are entering. This is important because when they are trapped you still have options.
If you fail to plan, you plan to fail.
  • #21,200
  • Nov 14, 2016 3:19pm Nov 14, 2016 3:19pm
Quoting Mack2013
{quote} Thank you for your response. I am also doing some research around the subject of rotation bars and have other questions. I'll post and ask questions soon. Thank you again.
Thank you please do.
If you fail to plan, you plan to fail.
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