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"Ratios & Harmonics: a Different Way to Trade." Summary 37 replies

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Attachments: Ratios & Harmonics: a Different Way to Trade
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Ratios & Harmonics: a Different Way to Trade

  • #22,221
  • Dec 6, 2016 11:37am Dec 6, 2016 11:37am
Quoting Mr. Pip
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. {image}
Adding also that the the dominant wave achieved a shallow NSL. So expectation is for a deep and/ or complex correction. Correct Mr Pip?
  • #22,222
  • Dec 6, 2016 11:45am Dec 6, 2016 11:45am
Quoting Mr. Pip
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. {image}
So we are presently on the 78 fib of the last (intraday main) down swing. Price should now react to the downside, but I am not sure that it will push that down.
  • #22,223
  • Dec 6, 2016 11:46am Dec 6, 2016 11:46am
Quoting Mr. Pip
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. {image}
It doesn't look good. But I too want it to go down. No trade yet but looking for a break out failure going down. good luck
  • #22,224
  • Dec 6, 2016 11:46am Dec 6, 2016 11:46am
Quoting LaBoca
{quote} ok that's it for today.... trade well chaps {image} {image}
nice work!
If you fail to plan, you plan to fail.
  • #22,225
  • Dec 6, 2016 11:47am Dec 6, 2016 11:47am
Quoting steos
{quote} Adding also that the the dominant wave achieved a shallow NSL. So expectation is for a deep and/ or complex correction. Correct Mr Pip?
yes
If you fail to plan, you plan to fail.
  • #22,226
  • Dec 6, 2016 11:49am Dec 6, 2016 11:49am
Quoting LaBoca
{quote} ok that's it for today.... trade well chaps {image} {image}
Hello hello

nice trade. I was just examining it. I can see your entry price but was wondering were the exact entry point was. thank you
  • #22,227
  • Dec 6, 2016 11:51am Dec 6, 2016 11:51am
I just added to my position averaging in a better price lets see if the bears can get me out of trouble.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-16 (233 Tick) 2016_12_06.png Size: 80 KB
If you fail to plan, you plan to fail.
  • #22,228
  • Dec 6, 2016 11:52am Dec 6, 2016 11:52am
Quoting jmezz
{quote} Thank you Evo! {quote} Nice job here projecting swings, something I struggle to do past the initial 1:1. {quote} Excellent work per usual Rocky, thank you for your charts and notes over the past few trading days. {quote} Nice trading today. Thanks for your charts.
thank you good sir
  • #22,229
  • Dec 6, 2016 11:56am Dec 6, 2016 11:56am
Quoting Mack2013
{quote} Hello hello nice trade. I was just examining it. I can see your entry price but was wondering were the exact entry point was. thank you
Yeah it was a good read.
If you fail to plan, you plan to fail.
  • #22,230
  • Dec 6, 2016 12:03pm Dec 6, 2016 12:03pm
gold has been rangebound all day, finally broken out south, now support becomes resistance and ties in with 38&61fibo, plus harmonics. looking to short in the zone
cheers
Wig
Attached Image (click to enlarge)
Click to Enlarge Name: 161206 xau.png Size: 21 KB
Bulls nor Bears may hide their intent.
  • #22,231
  • Dec 6, 2016 12:22pm Dec 6, 2016 12:22pm
Quoting Mr. Pip
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. {image}
Looks like might be trying to only retest and fill 50% orders near the larger swing level. Similar on ES
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2016-12-06_132209.png Size: 32 KB
Click to Enlarge Name: 2016-12-06_132441.png Size: 36 KB
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #22,232
  • Dec 6, 2016 12:23pm Dec 6, 2016 12:23pm
Quoting Mr. Pip
I just added to my position averaging in a better price lets see if the bears can get me out of trouble. {image}
entered short against L/T order flow. I'm kind of thinking price is looking to consolidate in a range before moving again. so my entry has a ton of barriers. I'l probable be playing this pretty tight. As I write this, I've decided that I don't think I like this trade. Hahahaha! I should of talked to myself before entering but I'll play it out.

Attached Image (click to enlarge)
Click to Enlarge Name: Chart.png Size: 86 KB
  • #22,233
  • Dec 6, 2016 12:34pm Dec 6, 2016 12:34pm
Doing better but looking for my exit with some change in my pocket. Lets see if she gives it to me.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-16 (233 Tick) 2016_12_06.png Size: 75 KB
If you fail to plan, you plan to fail.
  • #22,234
  • Dec 6, 2016 12:41pm Dec 6, 2016 12:41pm
Quoting jmezz
YM +19 TF +.2 Notes on charts. Rocky - did you notice that 2k+ bidder on the ES jumping all over the DOM this morning? Wanted to get your opinion on what you think that was, spoofing? {image} {image}
Good morning jmezz

In profit as usual, thats why your the man. Haha

But I'm going to have to question your entry on the YM trade. I can see that you entered mid swing after the open failed to hold and was rejected and maybe this is my own faults reflecting but 1 of my major problem is entering late in the swing. I'll give you credit. It worked and your exit was awesome but mid swing entries are dangerous. Not to sound like a lame preacher and this is my own observation and maybe you've had better success with them then I have. Just want to save you the trouble with learning from my own mistakes.
  • #22,235
  • Dec 6, 2016 12:47pm Dec 6, 2016 12:47pm
I have reduced my risk if the bears are here and intend to take price down then 19217 should hold and I will get out of this with some kind of profit. If I'm wrong then I will lose 10 point on 12 contracts $600.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-16 (233 Tick) 2016_12_06.png Size: 74 KB
If you fail to plan, you plan to fail.
  • #22,236
  • Dec 6, 2016 12:51pm Dec 6, 2016 12:51pm
My play here is still a graceful exit which I have achieved already but reducing my loss considerably. Now let's see if I can manage to turn this into a win. Very tough trade management here. But this is how I save the trades that can be saved
If you fail to plan, you plan to fail.
  • #22,237
  • Dec 6, 2016 1:00pm Dec 6, 2016 1:00pm
Stop hit -10 -$630 got the graceful exit. That trade was a kick in the ball. It lasted all session long I stayed in it way longer then I probably should have but I am pleased that I followed my rules through out the process. So the outcome doesn't matter to me in the least. Here is the chart.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-16 (233 Tick) 2016_12_06.png Size: 71 KB
If you fail to plan, you plan to fail.
  • #22,238
  • Edited 1:19pm Dec 6, 2016 1:08pm | Edited 1:19pm
Quoting Mr. Pip
Stop hit -10 -$630 got the graceful exit. That trade was a kick in the ball. It lasted all session long I stayed in it way longer then I probably should have but I am pleased that I followed my rules through out the process. So the outcome doesn't matter to me in the least. Here is the chart. {image}
Thank you for sharing also the ugly part of trading, although I prefer when you win.

Short question: Is the concept of "intraday" High/low mentioned in any video of you ?
  • #22,239
  • Dec 6, 2016 1:11pm Dec 6, 2016 1:11pm
Quoting Mr. Pip
My play here is still a graceful exit which I have achieved already but reducing my loss considerably. Now let's see if I can manage to turn this into a win. Very tough trade management here. But this is how I save the trades that can be saved
Awesome trade management. way more advance then my simple entries and exits.

I'm always hesitant to average down in a losing position and done it in the past with horrifying results. I guess not for the amateurs uh.
  • #22,240
  • Dec 6, 2016 1:19pm Dec 6, 2016 1:19pm
Quoting evocpr19
{quote} Thank you for sharing also the ugly part of trading, although I prefer when you win.
Thanks me too but losing is part of the business. It is no big deal just a small loss. Next trade tomorrow. Have to pick up my daughter at school. I'll catch up later on today.
If you fail to plan, you plan to fail.
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