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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

  • #21,301
  • Nov 16, 2016 9:59am Nov 16, 2016 9:59am
Quoting BenScoobert
{quote} I took that at 136.330, I may actually be on it today Here's my EURUSD, just took 25.1pips on the move south, looking to long now for a lower high {image}
Nice work!
If you fail to plan, you plan to fail.
  • #21,302
  • Nov 16, 2016 9:59am Nov 16, 2016 9:59am
Quoting Mr. Pip
{quote} My bias is short, I missed my entry on shitty rotation but price may have one more push up. I don't think she will climb much more. She may be looking to test the 18800 area or 18778. Immediate expectation is for a NSH as well as longer term as well but price action looks like a weak correction with sellers selling in to it. She may go down before she goes back up.
Yeah I agree that it's slow and that's worrying but so far I have to stick with my trade and expectation. On micro OF it still makes NSH so till that changes I'm not out but I have trailed my stop, risking 10.

EDIT: Taken out BE after aggressive trailing. On the sideline for now.
Rise and rise again until lambs become lions
  • #21,303
  • Nov 16, 2016 10:03am Nov 16, 2016 10:03am
YM context- prior day: outside bar. Opened within yesterday's range.

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  • #21,304
  • Nov 16, 2016 10:06am Nov 16, 2016 10:06am
Crap I missed it! But I'm happy that I'm in tune with price almost came to the 18860 area I felt all along. The good news is that although price has not made a NSL yet that we can see significant breakdown of buyers in the market and it may make sense to an entry short around 840-845 if the bulls show weakness on that approach.
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If you fail to plan, you plan to fail.
  • #21,305
  • Nov 16, 2016 10:07am Nov 16, 2016 10:07am
Quoting Mr. Pip
{quote} Nice work!
Thanks, now tell me. How far do you look back for your NSL? I've drawn on the last chart going back to midnight and disregarded beyond there, is there a hard and fast rule for how far you look back?
  • #21,306
  • Nov 16, 2016 10:10am Nov 16, 2016 10:10am
Can somebody suggest me somethings (link, book), for study harmonics in trading strategy?
  • #21,307
  • Nov 16, 2016 10:11am Nov 16, 2016 10:11am
Quoting LaBoca
Supply marked by rectangle is a tough barrier {image}
Your entry on this was amazing. What was your trigger? Excellent trade man.

Quoting Masterrmind
{quote} My pleasure! And thanks to all the other regular contributors here such jmezz, evocpr19, Mack2013 and others for keeping this thread ticking over. To this day (and yes I have been following this particular thread for a very long time) it amazes me how only a few traders participate. Is it just us few who see the incredible value in PA, order flow and harmonics? Enough of my rant ... time to trade! Good trading, Masterrmind...........
Thank you Mastermind, always beneficial to see your charts and trade notes in here.

I'm with you in that it's crazy that there's not more participation in here. I mean there is much more these past few weeks and it is awesome, but you'd think that there would be so much more interest given the invaluable information in this thread.

I think for people it is easier to watch an indicator and there are much more resources revolving indicators and trading systems vs price action and order flow.

Also let's not forget the fib non-believers out there.

In the big picture maybe we are better off being a smaller group who uses these trading methods haha

Quoting Mr. Pip
{quote} Indeed! We have a great small group of Traders here that have really embraced the methodology and are very helpful to me and the newer guys. I'm extremely grateful to them. It doesn't surprise me that only a few have stuck with it. It is far easier for most to jump around from system to system and chase the elusive Holy Grail. This is why the failure rate is as high as it is. I have also stayed away too long but I get busy at times and life and business keeps me away. But to those of you that have put in the work things are starting to click...
"It is far easier for most to jump around from system to system and chase the elusive Holy Grail." - This was definitely me, jumping from system to system. Part of it I think is that there are just so many instructional sites out there that preach tech analysis with indicators and it's easy to get in the thought that this is the only way to succeed in the market. Even after reading this thread and doing extensive googling, there are minimal resources regarding order flow and price action trading and I've only seen 1 other resource that recommends trading order flow on 1 single timeframe. So the info doesn't seem to be out there really.

I never understood the market until I came here and watched the videos, then it became much more clear to me (although obviously still get confused about certain situations haha).
  • #21,308
  • Nov 16, 2016 10:13am Nov 16, 2016 10:13am
Thank you for sharing your trading methodology Mr. Pip, I've been slowly digesting the material from your video and would like to one day be able to trade full-time.
This is the Eur/Usd trade based off the 15 min that I'm in right now.
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  • #21,309
  • Nov 16, 2016 10:14am Nov 16, 2016 10:14am
Quoting BenScoobert
{quote} Thanks, now tell me. How far do you look back for your NSL? I've drawn on the last chart going back to midnight and disregarded beyond there, is there a hard and fast rule for how far you look back?
You should not have to go back more then yesterday really most of the time it's with in the day. Don't get too caught up in the past. We are day traders we trade the intraday order flow and that doesn't have much long term memory unless there is major structure around other then that follow your road map.
If you fail to plan, you plan to fail.
  • #21,310
  • Nov 16, 2016 10:17am Nov 16, 2016 10:17am
It seems aggressive but I believe I've found a way to enter at close to the best possible "wholesale" price should price play out as expected. This creates the best risk/reward ratio. Trade and trade again it seems to play out within a few pips. I've found the timing of the entries to be extremely well, it's my exit part that I need to work on.

I'll share my entry strategy later and it seems insane and very counter intuitive when looking at price action live, but it goes along the lines with sell when people are greedy and buy when they are fearful, of course it needs to align with expectation!!
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  • #21,311
  • Nov 16, 2016 10:19am Nov 16, 2016 10:19am
Quoting jmezz
{quote} Your entry on this was amazing. What was your trigger? Excellent trade man. {quote} Thank you Mastermind, always beneficial to see your charts and trade notes in here. I'm with you in that it's crazy that there's not more participation in here. I mean there is much more these past few weeks and it is awesome, but you'd think that there would be so much more interest given the invaluable information in this thread. I think for people it is easier to watch an indicator and there are much more resources revolving indicators and trading systems...
Well said the 10% is a real exclusive club. I am trying to make it bigger but people are afraid of hard work. I never said this was easy but in my opinion the clearest way to trade.
If you fail to plan, you plan to fail.
  • #21,312
  • Nov 16, 2016 10:23am Nov 16, 2016 10:23am
Price is trying to rotate here but I also see some buying pressure and I am way closer then I would want to be to the support zone to sell here. Buyers are real weak but I must take the trade on my terms. Patience, patience, patience another quality that is hard to maintain in this business.
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If you fail to plan, you plan to fail.
  • #21,313
  • Nov 16, 2016 10:24am Nov 16, 2016 10:24am
Quoting Harmonic1976
It seems aggressive but I believe I've found a way to enter at close to the best possible "wholesale" price should price play out as expected. This creates the best risk/reward ratio. Trade and trade again it seems to play out within a few pips. I've found the timing of the entries to be extremely well, it's my exit part that I need to work on. I'll share my entry strategy later and it seems insane and very counter intuitive when looking at price action live, but it goes along the lines with sell when people are greedy and buy when they are fearful,...
Can't wait to hear it. Let us know how your trade plays out.
If you fail to plan, you plan to fail.
  • #21,314
  • Nov 16, 2016 10:31am Nov 16, 2016 10:31am
Quoting Mr. Pip
{quote} Can't wait to hear it. Let us know how your trade plays out.

If my expectation is bearish, then I enter at the bottom of the LAST BULLISH candle before the impulse leg down, my order is preset there. Ideally the entry will be in the .618 to .786 range and I will enter the order with the stop loss above structure.

The trade is currently 1/2 way to target and this is where I usually have a hard time hanging on or ringing the register!!
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  • #21,315
  • Nov 16, 2016 10:32am Nov 16, 2016 10:32am
Okay, I see much more participation that is great I remember the days when we use to have close to 100 traders in here. I would like to see that again.

I will be making an announcement on the day of the live trading session stream sometime today and give you all plenty of time to arrange your time to attend.
If you fail to plan, you plan to fail.
  • #21,316
  • Nov 16, 2016 10:33am Nov 16, 2016 10:33am
Quoting Harmonic1976
It seems aggressive but I believe I've found a way to enter at close to the best possible "wholesale" price should price play out as expected. This creates the best risk/reward ratio. Trade and trade again it seems to play out within a few pips. I've found the timing of the entries to be extremely well, it's my exit part that I need to work on. I'll share my entry strategy later and it seems insane and very counter intuitive when looking at price action live, but it goes along the lines with sell when people are greedy and buy when they are fearful,...
I saw your first post regarding this entry method and I'm pretty sure we've discussed this method (or one similar) earlier on in the thread.

This is my first post regarding the entry method of skipping rotation and discussion plays out over the next couple of pages - http://www.forexfactory.com/showthread.php?p=8998912#post8998912
  • #21,317
  • Nov 16, 2016 10:38am Nov 16, 2016 10:38am
Quoting jmezz
{quote} I saw your first post regarding this entry method and I'm pretty sure we've discussed this method (or one similar) earlier on in the thread. This is my first post regarding the entry method of skipping rotation and discussion plays out over the next couple of pages - http://www.forexfactory.com/showthread.php?p=8998912#post8998912

Yeah this is a little different, I was doing ratio entries but I had a theory that the last bullish bar was people who believed price was going to go up from there but it didn't, so that bar would be their graceful exit.

When there is confluence close to this bar it works like magic so far for me, doesn't mean it always will. I've also got in or rotation before only to have price go opposite anyways, so my current philosophy is to be the seller if my expectation is bearish instead of waiting for the others to jump on board.

It is scary as heck especially when a huge bullish bar runs into the entry level, but it seems to be effective so far for offering a low risk idea should the expectation play out.

P.S., I closed out at +25pts, Ringing the register is a challenge that I have to learn to overcome, it's just so difficult!!
  • #21,318
  • Nov 16, 2016 10:42am Nov 16, 2016 10:42am
Quoting jmezz
{quote} I saw your first post regarding this entry method and I'm pretty sure we've discussed this method (or one similar) earlier on in the thread. This is my first post regarding the entry method of skipping rotation and discussion plays out over the next couple of pages - http://www.forexfactory.com/showthread.php?p=8998912#post8998912
I will go back an review thanks for the link.
If you fail to plan, you plan to fail.
  • #21,319
  • Nov 16, 2016 10:44am Nov 16, 2016 10:44am
Quoting Harmonic1976
{quote} Yeah this is a little different, I was doing ratio entries but I had a theory that the last bullish bar was people who believed price was going to go up from there but it didn't, so that bar would be their graceful exit. When there is confluence close to this bar it works like magic so far for me, doesn't mean it always will. I've also got in or rotation before only to have price go opposite anyways, so my current philosophy is to be the seller if my expectation is bearish instead of waiting for the others to jump on board. It is scary as...
The concept is interesting perhaps show more chart examples and a detailed explanation. I will give you my feedback. I don't look for the best possible entrance but better pricing is better pricing.
If you fail to plan, you plan to fail.
  • #21,320
  • Nov 16, 2016 10:46am Nov 16, 2016 10:46am
Quoting Harmonic1976
{quote} Yeah this is a little different, I was doing ratio entries but I had a theory that the last bullish bar was people who believed price was going to go up from there but it didn't, so that bar would be their graceful exit. When there is confluence close to this bar it works like magic so far for me, doesn't mean it always will. I've also got in or rotation before only to have price go opposite anyways, so my current philosophy is to be the seller if my expectation is bearish instead of waiting for the others to jump on board. It is scary as...
Ah yeah, it is a little different.

Saw your post after I posted mine.
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