Ratios & Harmonics: a Different Way to Trade

Price would have achieved profit target of 30 points off of the ABDC to the downside. Wasn't feeling it though.

Looks like I missed the imbalance that favored the bears. As price has sold of nicely. Let
s see if the bulls can help me find an entry short. I'm on the retail side now since I failed to properly time in my entry even though I had it properly identified. The takeaway here is that notice how I did not go chasing price.

I did not take the short on rotation as I would have been too close into support and little room to protect. Let's see if the market gives me a complex correction into the round number area and where price sold off from.

How are we doing? Very little posting and not many participation. Are we awake? Am I boring you guys?

I just came home. I am looking at YM and the big pressure to the upside. You are not boring.

Short the market.

Price is just hanging out don't like it but I will be patient.

I expect a new NSH, but I am not in.

Up 7 points a bit slow I would like to see a bit more selling. I will be aggressive here securing a BE as soon as possible.

Market made an intraday NSL This whole area up here is an area of Supply.

Risk free aggressive trade management.

Closing beneath 85 was constructive.

Locked in 5 trying to give it room but not being stupid either LOL that is hard to do sometimes.

Locked in 10 Price will have issue possible at 19175-76

Taken out at +10 nice quick trade. +41 for the for the day not a bad day's work. I'm going to lunch them I will be continuing to work on the presentation and catching up on the thread.

Remember the live stream Dec 15. Be there or be square. It's an opportunity to not only here my thoughts out loud but also to ask questions and possible make some money if the market allows us to.

Please post. I'm doing this for you all take advantage of it. There are great traders here that do not need to do this. This is charity for me and it gives me great satisfaction to feel like my work here along with the great contributors here is not taken for granted and we are not wasting our time. Life is short and even shorter are people's career in this business.

Yeah, I needed to be aggressive but I do feel imbalance still will favor the bears. The market is working to possible test the highs and maybe the completion above ABCD in the area of the oval 19230 or ratio exhaustion of 19248 and with that being a small round number and nothing to the left the masses might be more willing to take profit if the market breaks highs. We will see. Going for lunch now. Talk later.

Great trade management, especially on the first trade on the YM. I know it was only a +2 but you knew to exit. I have trouble with aggressive entries. I give them too much room and you gave it the right amount of room

I'm guessing you didn't re-enter because by the time you got the confirmation , price was already to far.

I thought I'd join Mr. Pip's pain train. Had a very similar trade to his yesterday, but held onto it because my rad was still bearish and in the end I got a little profit out of it. Happy end this time, but my entry was way to optimistic:

T/P taken at 19176

Nice read rock!

Curious why you averaged up at that spot, was it something you saw on the footprint?