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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

  • #22,201
  • Dec 6, 2016 10:28am Dec 6, 2016 10:28am
Quoting evocpr19
{quote} Since I sit in the train, I have no idea what the PA of YM is doing. Could somebody please give a short update?

It dropped like a stone at the opening and now it's ranging in a 30 point range and testing Mr.Pip's and LaBoca's nerves
  • #22,202
  • Dec 6, 2016 10:29am Dec 6, 2016 10:29am
long trade protected
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-12-06 16-25-28.png Size: 79 KB
It's a dirty job but someone's gotta do it!
  • #22,203
  • Dec 6, 2016 10:32am Dec 6, 2016 10:32am
Quoting wigtrade
First post in this thread, Mr Pip you are a true gent sir, thank you for sharing your wisdom so freely, your method and teachings feel like a huge piece of the puzzle has fallen into place in my trading journey. Thanks to all the posters on this great thread there are some stellar contributions which I hope to add to in some small way in future. Good trading all, cheers Wig thoughts on the below AU 5m setup are welcomed! I'm looking for a long opportunity from the 7440-44 level based on weak nsh and complex pullback in process with confluent harmonic...
I like it good RR in the Green zone good analysis. Be patient take the trade on your terms. Welcome to the thread.
If you fail to plan, you plan to fail.
  • #22,204
  • Dec 6, 2016 10:33am Dec 6, 2016 10:33am
Quoting LaBoca
{quote} common Bulls show da bears......soz Damian.....but i'm hanging in a long
Good luck my friend.
If you fail to plan, you plan to fail.
  • #22,205
  • Dec 6, 2016 10:36am Dec 6, 2016 10:36am
Quoting Mr. Pip
{quote} Good luck my friend.
out....



common Bears now it's ok to show up
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-12-06 16-33-01.png Size: 90 KB
It's a dirty job but someone's gotta do it!
  • #22,206
  • Dec 6, 2016 10:37am Dec 6, 2016 10:37am
Quoting evocpr19
{quote} Since I sit in the train, I have no idea what the PA of YM is doing. Could somebody please give a short update?
Bears keep accumulating orders so imbalance should favor them. Price has been stuck in an area or support for the better part of the session with the bulls not giving up. I don't beleive price will climb much more and the expectation is for a NSL into the area of 19150. I'm short from 19196 up 8 point at the moment but its been back and forth. Here is a chart.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-16 (233 Tick) 2016_12_06.png Size: 78 KB
If you fail to plan, you plan to fail.
  • #22,207
  • Dec 6, 2016 10:37am Dec 6, 2016 10:37am
Quoting Mr. Pip
{quote} I like it good RR in the Green zone good analysis. Be patient take the trade on your terms. Welcome to the thread.
thank you my friend early entries are my biggest weakness I always end up jumping on the first green candle, I need to work on this, easily said but when price gets into my zone I don't want to miss it and often jump in too soon!
Bulls nor Bears may hide their intent.
  • #22,208
  • Dec 6, 2016 10:37am Dec 6, 2016 10:37am
Quoting LaBoca
{quote} out.... common Bears now it's ok to show up {image}
If you fail to plan, you plan to fail.
  • #22,209
  • Dec 6, 2016 10:38am Dec 6, 2016 10:38am
Quoting Mr. Pip
{quote} Remember the live trading session stream where I will be live commenting and sharing my thought process and trade management. It's on Dec 15 at 0915 Eastern time. The link will be posted here that morning prior to start. It will also be recorded for those that cannot be here. I encourage everyone to make arrangements to attend.
Will do my best to join, I'm away on work related stuff during the day but should be home in time.

Back to trading:
Got stopped out for +23, but rejoined the bears. Same expectation in play but it's a struggle.
Rise and rise again until lambs become lions
  • #22,210
  • Dec 6, 2016 10:41am Dec 6, 2016 10:41am
Quoting wigtrade
{quote} thank you my friend early entries are my biggest weakness I always end up jumping on the first green candle, I need to work on this, easily said but when price gets into my zone I don't want to miss it and often jump in too soon!
Identify your zone ahead of time and sit on your hands until price come to you. If you are entering early consciously that is fine you just need to understand that and give the trade the right amount of room.
If you fail to plan, you plan to fail.
  • #22,211
  • Dec 6, 2016 10:50am Dec 6, 2016 10:50am
Quoting eaglestar
Hello all regular posters, I hope you all don't mind me posting here. I want to get more advanced in my Fibonacci work. Many pips to all.
Quoting wigtrade
First post in this thread, Mr Pip you are a true gent sir, thank you for sharing your wisdom so freely, your method and teachings feel like a huge piece of the puzzle has fallen into place in my trading journey. Thanks to all the posters on this great thread there are some stellar contributions which I hope to add to in some small way in future. Good trading all, cheers Wig thoughts on the below AU 5m setup are welcomed! I'm looking for a long opportunity from the 7440-44 level based on weak nsh and complex pullback in process with confluent harmonic...
Welcome guys
  • #22,212
  • Dec 6, 2016 10:53am Dec 6, 2016 10:53am
An update the bulls are still trying to hold the level but their fight seems to be weakening. Got to give it to them they have fought a great fight. I hope it's lights out for them. Can't see myself staying in this too much longer. I'm trying to follow my rules but it's tough sometimes. Last week I broke it and left lots on the table. I will be patient and follow my plan.

If price continues to hang out the bulls might be able to win. The bears need to end this soon before buyers get the sense that the area will hold and the short take profit and undecided traders start buying. That would suck for my position.
If you fail to plan, you plan to fail.
  • #22,213
  • Dec 6, 2016 11:05am Dec 6, 2016 11:05am
ok last trade now....and last chance for Bulls....

tough PA today
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-12-06 17-03-38.png Size: 78 KB
It's a dirty job but someone's gotta do it!
  • #22,214
  • Dec 6, 2016 11:12am Dec 6, 2016 11:12am
I'm not trading today but hanging Christmas lights with a few of my friends who are helping me out. I came in to warm up and check out the charts. PA is sitting on top of the Value area high @ 19198, the POC is 19192. The VAL is at 19186 from 09:00 hrs til now.. Within this area is where institutions hide their large trades. PA will bounce back and fourth within this area until either the longs or shorts run out of capital. From there, stops are hunted causing PA to leave the value area to find new ground.
  • #22,215
  • Dec 6, 2016 11:13am Dec 6, 2016 11:13am
Thank you x3m-PippiN and Mr. Pip for the update on YM. Now I can see it again. I would favor up, so you are safe (price tends to do the opposite).
  • #22,216
  • Dec 6, 2016 11:20am Dec 6, 2016 11:20am
Quoting LaBoca
ok last trade now....and last chance for Bulls.... tough PA today {image}
moving SL
Attached Image (click to enlarge)
Click to Enlarge Name: 2016-12-06 17-19-34.png Size: 87 KB
It's a dirty job but someone's gotta do it!
  • #22,217
  • Dec 6, 2016 11:28am Dec 6, 2016 11:28am
Quoting jmezz
{quote} {quote} Welcome guys
thank you jmezz I've been enjoying your charts and accompanying commentary, keep up the good work cheers
Bulls nor Bears may hide their intent.
  • #22,218
  • Dec 6, 2016 11:28am Dec 6, 2016 11:28am
Road map for today

US30 -89T

Got into the office 10 mins late and missed the leg up. oh well

Attached Image (click to enlarge)
Click to Enlarge Name: Chart.png Size: 71 KB
  • #22,219
  • Dec 6, 2016 11:30am Dec 6, 2016 11:30am
Going through some pain here at the moment price has just completed an ABCD complex correction. Price looks like convinced some undecided traders to buy. Lets see what the sellers do here. were they setting up the bulls? I am in some trouble here but the expectation is still for a NSL.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-16 (233 Tick) 2016_12_06.png Size: 82 KB
If you fail to plan, you plan to fail.
  • #22,220
  • Dec 6, 2016 11:36am Dec 6, 2016 11:36am
Quoting LaBoca
{quote} moving SL {image}
ok that's it for today....

trade well chaps
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2016-12-06 17-32-26.png Size: 72 KB
Click to Enlarge Name: 2016-12-06 17-35-16.png Size: 84 KB
It's a dirty job but someone's gotta do it!
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