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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

  • #21,741
  • Nov 23, 2016 4:45am Nov 23, 2016 4:45am
Quoting liemo
{quote} Setup looked juicy so I got trigger happy. I agree with the stoploss it is a bit tight and I'm not giving it enough room to breathe, have moved it below previous low (max I'm willing to risk). What are your thoughts on PA at entry?
Although your entry is a bit aggressive, it is in line with the bullish momentum. My stop would had been below the recent structure which is below the .7413, encase price might decide to turn around and retest it.
  • #21,742
  • Nov 23, 2016 4:50am Nov 23, 2016 4:50am
Quoting liemo
{quote} Setup looked juicy so I got trigger happy. I agree with the stoploss it is a bit tight and I'm not giving it enough room to breathe, have moved it below previous low (max I'm willing to risk). What are your thoughts on PA at entry?
I must say I am not the biggest fan. The bears had good momentum coming into that bullish bar. And while that bullish bar is strong, it is also expensive.

Fingers crossed for you!
  • #21,743
  • Nov 23, 2016 5:36am Nov 23, 2016 5:36am
Various ranges development to gauge your risk/reward. The best RR is at the edge of a prior range irrespective of whether price is going up or down.

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  • #21,744
  • Nov 23, 2016 8:06am Nov 23, 2016 8:06am
Hi damian, what's your thoughts on tick charts lower than 233, in particular the 89? As its the chart that im testing out at the moment, i guess your going to say it all leads to the same place right? Would you mind me posting these charts in the thread or do you want to keep it strictly to the 233 and 5 min charts?

Cheers

p.s very much looking forward to that dec 15th webinar!
  • #21,745
  • Nov 23, 2016 8:15am Nov 23, 2016 8:15am
Quoting Wolves77
{quote} sorry forgot to say it was the usd/jpy 3 min chart, thanks
OK man I have to get the data feed I will take care of that later today and get you your chart. One of the issues is you are looking at a 3 min chart. Not a bad thing but. You have to understand that you have to trade the correct order flow. There is a correlation between time frame and order flow. I will explain this further in the post. Sorry for the delay. Lots going on here with family and Thanksgiving and Christmas decorations. Big ass mess LOL.
If you fail to plan, you plan to fail.
  • #21,746
  • Nov 23, 2016 8:20am Nov 23, 2016 8:20am
Quoting Hazza88
Hi damian, what's your thoughts on tick charts lower than 233, in particular the 89? As its the chart that im testing out at the moment, i guess your going to say it all leads to the same place right? Would you mind me posting these charts in the thread or do you want to keep it strictly to the 233 and 5 min charts? Cheers p.s very much looking forward to that dec 15th webinar!
Post away.

I will be covering Tick or time interval and order flow correlation. I believe that the lower the time interval or tick the more immediate order flow you are trading.

It all will take you to the same place but if you are looking at an 89 Tick then you are looking more at the immediate. I say this because your targets have to be realistic to what you are trading. I will cover this in the chart I will provide Wolves77 on the JPY.
If you fail to plan, you plan to fail.
  • #21,747
  • Nov 23, 2016 8:22am Nov 23, 2016 8:22am
YM

Not looking to go crazy today.

Really just looking to recoup my loss from yesterday lol.

We'll see what we get.
  • #21,748
  • Nov 23, 2016 8:25am Nov 23, 2016 8:25am
Quoting Sakeplz
NZD/USD {image} My expectation is a NSL and entry was based on the bearish engulfing candle at the previous NSH. If I'm right, price should not climb above the previous NSH and hit my stop at the LH and creating a NSH.
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Close for +45 pips, hit my target at the 1.272 level.
  • #21,749
  • Nov 23, 2016 8:29am Nov 23, 2016 8:29am
GM,

Bearish bias for the day with Crude Inventories at 10:30 to add some spice. Long Term we are still expecting a NSH but intraday we are bearish with a LH and NSL. We are probably good short until 18961 area where possibly buyers will be waiting to enter and try to push for the longer term expectation. We will see what she offers.
Attached Image (click to enlarge)
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If you fail to plan, you plan to fail.
  • #21,750
  • Nov 23, 2016 8:39am Nov 23, 2016 8:39am
Initial response was a deeper then expected correction. Break down on the bears is present maybe order flow is looking to change soon. We need more information that could have just been the open volatility. Bears came in strong we will see.
Attached Image (click to enlarge)
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If you fail to plan, you plan to fail.
  • #21,751
  • Nov 23, 2016 8:45am Nov 23, 2016 8:45am
Quoting Sakeplz
{quote} {image} Close for +45 pips, hit my target at the 1.272 level.
Very nice!
If you fail to plan, you plan to fail.
  • #21,752
  • Nov 23, 2016 8:56am Nov 23, 2016 8:56am
Still hunting looking for a short around 19000 or slightly above I will wait for price to tell me
If you fail to plan, you plan to fail.
  • #21,753
  • Nov 23, 2016 8:57am Nov 23, 2016 8:57am
YM +20

Erased yesterday's loss and came away with some profit.

Done for the day.

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  • #21,754
  • Nov 23, 2016 8:59am Nov 23, 2016 8:59am
This is the area I'm targeting for the short. I have to see how and if price gets there.
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If you fail to plan, you plan to fail.
  • #21,755
  • Nov 23, 2016 8:59am Nov 23, 2016 8:59am
Quoting jmezz
YM +20 Erased yesterday's loss and came away with some profit. Done for the day. {image}
Nice work! Have a good one!
If you fail to plan, you plan to fail.
  • #21,756
  • Nov 23, 2016 9:11am Nov 23, 2016 9:11am
I'm short YM
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If you fail to plan, you plan to fail.
  • #21,757
  • Nov 23, 2016 9:14am Nov 23, 2016 9:14am
Just opened a short, target of around 18965

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P.S That RSI indicator isnt supposed to be there!
  • #21,758
  • Nov 23, 2016 9:15am Nov 23, 2016 9:15am
I got a bad fill because the next candle gapped down but I don't mind as it shows selling strength. Up 9 at the moment. Crude coming out in 15 so the goal is to get to a breakeven or out before the news.
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If you fail to plan, you plan to fail.
  • #21,759
  • Nov 23, 2016 9:16am Nov 23, 2016 9:16am
Crap Bulls came in hard not a good thing.
Attached Image (click to enlarge)
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If you fail to plan, you plan to fail.
  • #21,760
  • Nov 23, 2016 9:18am Nov 23, 2016 9:18am
Quoting Mr. Pip
Crap Bulls came in hard not a good thing. {image}
Still in... just
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