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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

  • #21,961
  • Nov 30, 2016 10:03am Nov 30, 2016 10:03am
Still hanging out LOL what a stubborn day so far.
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If you fail to plan, you plan to fail.
  • #21,962
  • Nov 30, 2016 10:50am Nov 30, 2016 10:50am
ES +5.00

Notes on chart.

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  • #21,963
  • Nov 30, 2016 11:00am Nov 30, 2016 11:00am
Quoting jmezz
ES +5.00 Notes on chart. {image}
Well done! I'm still short on mine waiting for price to get it's groove on. Was thinking of averaging in a better price but I have not. I had an opportunity to gracefully exit a while ago but I did not. Let's see how I come out of this. Patience, patience, patience. I'm also still sick. CRAP DAY LOL!
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-16 (233 Tick) 2016_11_30.png Size: 65 KB
If you fail to plan, you plan to fail.
  • #21,964
  • Nov 30, 2016 11:08am Nov 30, 2016 11:08am
Quoting Mr. Pip
{quote} Well done! I'm still short on mine waiting for price to get it's groove on. Was thinking of averaging in a better price but I have not. I had an opportunity to gracefully exit a while ago but I did not. Let's see how I come out of this. Patience, patience, patience. I'm also still sick. CRAP DAY LOL! {image}
I joined you, protecting trade before this short term support.

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  • #21,965
  • Nov 30, 2016 11:12am Nov 30, 2016 11:12am
Instead of catching up later today I'm going to be working on the trading psychology presentation I wanted to work on. I will be a powerpoint and and then a video which I will be making soon. Before the end of the week. Next week I will work on the accumulation & distribution video. then we will have the live stream on us so time should move pretty fast. I will find the time to catch up.
If you fail to plan, you plan to fail.
  • #21,966
  • Nov 30, 2016 11:19am Nov 30, 2016 11:19am
YM +15

Yeah out here. Don't usually trade past 11:30 and it's struggling with that support.

Done for day.

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  • #21,967
  • Nov 30, 2016 11:22am Nov 30, 2016 11:22am
Quoting Mr. Pip
{quote} Don't beat yourself up my friend, we can't always be laser sharp. Next!
Yeah sometimes you just see things afterwards and you're like what in the world was I thinking? Hahaha.
  • #21,968
  • Nov 30, 2016 11:36am Nov 30, 2016 11:36am
Quoting jmezz
{quote} Yeah sometimes you just see things afterwards and you're like what in the world was I thinking? Hahaha.
I know maybe that is me today. I feel like I'm against the market today. I'll have to take a look after my session. This trade has given me plenty of opportunities to get out with a couple of point of profit but I've been stubborn to get out. I am still in the trade wow. 2 hours already I think that is a record for me LOL.
If you fail to plan, you plan to fail.
  • #21,969
  • Nov 30, 2016 11:39am Nov 30, 2016 11:39am
Quoting jmezz
ES +5.00 Notes on chart. ...
Hey great trade. Was wondering, how did you come up with the 113.6% at the high of the day 2213.75. I tried every permutation i know but could not get the same number as you. The nearest number i found was 2213.25 using the Over Night swings.
  • #21,970
  • Nov 30, 2016 12:22pm Nov 30, 2016 12:22pm
Survived today on YM with +6. Was a mess for me. I am asking myself how to interpret this accumulation and this triangle forming on 5 min chart and finally how to use it for an entry.
  • #21,971
  • Nov 30, 2016 12:39pm Nov 30, 2016 12:39pm
Quoting Mr. Pip
{quote} I know maybe that is me today. I feel like I'm against the market today. I'll have to take a look after my session. This trade has given me plenty of opportunities to get out with a couple of point of profit but I've been stubborn to get out. I am still in the trade wow. 2 hours already I think that is a record for me LOL.

I'm done closed out for a loss.. just another day at the office!

Good luck Damian hope your trade comes good and you feel much better tomorrow!
have a good one!

Alex
  • #21,972
  • Nov 30, 2016 12:48pm Nov 30, 2016 12:48pm
Quoting crixus
{quote} Hey great trade. Was wondering, how did you come up with the 113.6% at the high of the day 2213.75. I tried every permutation i know but could not get the same number as you. The nearest number i found was 2213.25 using the Over Night swings.
Thank you crixus.

I used these swings:

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  • #21,973
  • Nov 30, 2016 12:50pm Nov 30, 2016 12:50pm
Quoting Mr. Pip
{quote} I know maybe that is me today. I feel like I'm against the market today. I'll have to take a look after my session. This trade has given me plenty of opportunities to get out with a couple of point of profit but I've been stubborn to get out. I am still in the trade wow. 2 hours already I think that is a record for me LOL.
Working that overtime today
  • #21,974
  • Nov 30, 2016 12:59pm Nov 30, 2016 12:59pm
Short question to those using Ninja, can once you have entered set your TP by moving up (in case of a long) with your mouse your price entry which will then converted to a TP and equally when you move down your price, it generates a SL. This is the only usefull thing on MT4.
The futures software that I currently try, cannot this.

Hope my question is clear
  • #21,975
  • Nov 30, 2016 1:08pm Nov 30, 2016 1:08pm
Managed to secure a BE trade let's see if she will erase the loss from the first trade.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-16 (233 Tick) 2016_11_30.png Size: 65 KB
If you fail to plan, you plan to fail.
  • #21,976
  • Nov 30, 2016 1:19pm Nov 30, 2016 1:19pm
LOL ended up taking 20 Points on the trade so only ended up down 8 points for the day. I'll go back and see if I was off later on but I wanted you all to see the conclusion of the trade.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-16 (233 Tick) 2016_11_30.png Size: 61 KB
If you fail to plan, you plan to fail.
  • #21,977
  • Nov 30, 2016 1:39pm Nov 30, 2016 1:39pm
Quoting evocpr19
Short question to those using Ninja, can once you have entered set your TP by moving up (in case of a long) with your mouse your price entry which will then converted to a TP and equally when you move down your price, it generates a SL. This is the only usefull thing on MT4. The futures software that I currently try, cannot this. Hope my question is clear
I'm sorry my friend I don't follow what you are saying. Apologies!
If you fail to plan, you plan to fail.
  • #21,978
  • Nov 30, 2016 1:57pm Nov 30, 2016 1:57pm
Quoting Mr. Pip
{quote} I'm sorry my friend I don't follow what you are saying. Apologies!
Let me try it again.

When you press Buy (long) and you do not have a predefined TP and SL. A line is drawn in the chart with your entry price.

If you go to that entry line and click left mouse and you move "the line up" (the entry line as such remains , do you then see a new line appearing which represents your TP?
The same to define a SL. If you click left mouse and you move "the line down", do you then see a new line appearing which is then your SL?

Maybe, there are other buttons to click. I describe only the principles which I mean based on MT4.

Hope that this is more clear.
  • #21,979
  • Nov 30, 2016 2:13pm Nov 30, 2016 2:13pm
Quoting evocpr19
{quote} Let me try it again. When you press Buy (long) and you do not have a predefined TP and SL. A line is drawn in the chart with your entry price. If you go to that entry line and click left mouse and you move "the line up" (the entry line as such remains , do you then see a new line appearing which represents your TP? The same to define a SL. If you click left mouse and you move "the line down", do you then see a new line appearing which is then your SL? Maybe, there are other buttons to click. I describe only the principles which I mean based...
As far as I know NT doesn't have that. You enter a trade and than you right click and set a limit order for TP and right click again to set a stop order for a SL. But why does it matter when you can set predefined TP ans SL which can be modified afterwards ?
  • #21,980
  • Nov 30, 2016 2:33pm Nov 30, 2016 2:33pm
Quoting x3m-PippiN
{quote} As far as I know NT doesn't have that. You enter a trade and than you right click and set a limit order for TP and right click again to set a stop order for a SL. But why does it matter when you can set predefined TP ans SL which can be modified afterwards ?
Cheers, just wanted to know. I always did it this way, but ok I can change my habits.
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