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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

  • #22,241
  • Dec 6, 2016 1:21pm Dec 6, 2016 1:21pm
Quoting evocpr19
{quote} 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 ?
Can you be more detailed in your question? I want to make sure I'm on the same page as you.
If you fail to plan, you plan to fail.
  • #22,242
  • Dec 6, 2016 1:23pm Dec 6, 2016 1:23pm
Quoting Mack2013
{quote} 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.
In this particular case the reasons for doing so were clear. I will make a short video today and post it. I think it is important and very relevant. The difference between adding to a trade or adding to a losing position.
If you fail to plan, you plan to fail.
  • #22,243
  • Dec 6, 2016 1:50pm Dec 6, 2016 1:50pm
Quoting Mr. Pip
{quote} In this particular case the reasons for doing so were clear. I will make a short video today and post it. I think it is important and very relevant. The difference between adding to a trade or adding to a losing position.
looking forward to it
  • #22,244
  • Dec 6, 2016 2:35pm Dec 6, 2016 2:35pm
Quoting Mack2013
{quote} 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...
Thank you sir

I've attached a chart with a little more explanation.

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  • #22,245
  • Dec 6, 2016 2:46pm Dec 6, 2016 2:46pm
Quoting jmezz
{quote} Thank you sir I've attached a chart with a little more explanation. {image}
make sense. especially when you highlighted the risk reward factor which honestly I didn't consider. good trade / good eye.
  • #22,246
  • Dec 6, 2016 3:09pm Dec 6, 2016 3:09pm
Quoting Mr. Pip
{quote} Yeah it was a good read.
thx
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It's a dirty job but someone's gotta do it!
  • #22,247
  • Dec 6, 2016 3:11pm Dec 6, 2016 3:11pm
Hi Mr Pip,

here is my first trade based on your "system".

We developed a NSH, price came back and found support at the 38 fib. The candles don't have a lot of volume now but there is still space to the upper side. Target is 1x1 harmonic or 127 fib. What do you think?


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  • #22,248
  • Dec 6, 2016 3:19pm Dec 6, 2016 3:19pm
Quoting jandarana
Hi Mr Pip, here is my first trade based on your "system". We developed a NSH, price came back and found support at the 38 fib. The candles don't have a lot of volume now but there is still space to the upper side. Target is 1x1 harmonic or 127 fib. What do you think? {image}
There is selling pressure on the way down but I like the trade. the weak NSH would have you looking at a deeper correction but it's fine.
If you fail to plan, you plan to fail.
  • #22,249
  • Dec 6, 2016 3:20pm Dec 6, 2016 3:20pm
Quoting x3m-PippiN
{quote} LaBoca, nice trading! Can you give a short explanation on your use of the histogram? I've studied it before but haven't really found consistency in the levels. I messed up today on 6J... got too bored and hopped in a trade too early.

I use mkt structure first but the Volume Profile is always there in the background. It tells you where the POC is and value area high and low. Price tends to pull towards the high volume (not always) so you can use it as a channel/range trade concept....hope this makes sense ......again this is just my thought I'd suggest you investigate this via the web
It's a dirty job but someone's gotta do it!
  • #22,250
  • Dec 6, 2016 4:06pm Dec 6, 2016 4:06pm
Quoting Mr. Pip
{quote} There is selling pressure on the way down but I like the trade. the weak NSH would have you looking at a deeper correction but it's fine.
Where do you see selling pressure? I only see a weak NSH bec this high isn't much higher than the high on the left to the NSH. I also see momentum to the upper side bec price climbed fast to create the NSH.
  • #22,251
  • Dec 6, 2016 5:25pm Dec 6, 2016 5:25pm
Quoting jandarana
{quote} Where do you see selling pressure? I only see a weak NSH bec this high isn't much higher than the high on the left to the NSH. I also see momentum to the upper side bec price climbed fast to create the NSH.
Almost every candle that is part of that correction has a tell on the upside which shows the buying within that candle getting pushed down. That is selling pressure. It may not mean much in the grand scheme of things but at the very least you know there are sellers in the area and that may give the buyers problems.

These problem could include a deeper correction, a complex corrections where the buyers come in but are overcomes and you get another swing down, a retest or failure on the high, and or a weak NSH. Just some things to keep in mind. Manage your trade I'm not trying to discourage you but those things are on the table for what the sellers might be able to achieve.

We trade the probabilities and put the odds in our favor but at the end of the day she will dance to the tune she chooses.
If you fail to plan, you plan to fail.
  • #22,252
  • Dec 6, 2016 6:28pm Dec 6, 2016 6:28pm
Here is the video. I'm sorry that I kind of rushed through it. I wanted to keep it short and there is ciaos here at the Pip house dinner and homework. I wanted to make sure the point comes across. The difference between adding into a trade and adding to a losing position. Let me know If I need to revisit this topic.

https://youtu.be/QHuGjbtNpFg
If you fail to plan, you plan to fail.
  • #22,253
  • Dec 6, 2016 8:12pm Dec 6, 2016 8:12pm
USDJPY 233T long
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  • #22,254
  • Dec 6, 2016 9:02pm Dec 6, 2016 9:02pm
Probably going to get stopped out here, bulls couldn't push through consolidation to the left and there is strong rotation, moved stop just below previous consolidation.
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  • #22,255
  • Dec 6, 2016 9:12pm Dec 6, 2016 9:12pm
The intensity haha! Can the bulls save the stop? It's just another trade but when it gets this close, literally right at the stop, and the bulls come in there... can't help but have fighting spirit!
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  • #22,256
  • Dec 6, 2016 9:19pm Dec 6, 2016 9:19pm
Ah well, the bulls tried.
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  • #22,257
  • Dec 6, 2016 10:51pm Dec 6, 2016 10:51pm
The trading universe has a sense of humor. I went short when price seemed to bounce off the consolidation.... after the big bearish candle that took me out of my long. It looked like it was going to be an AB=CD to the downside.

Instead, had I left the original stop at the bottom of structure, I would actually be +pips right now and the expectation may actually play out.

Just goes to show the power of placing stop beyond the swing and letting the trade fully play out for better or for worse. Instead, took 2 hits which were worse than taking the original hit if the trade had been stopped out because it just didn't work out.
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  • #22,258
  • Dec 7, 2016 7:11am Dec 7, 2016 7:11am
Watching
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #22,259
  • Dec 7, 2016 7:43am Dec 7, 2016 7:43am
Quoting Mr. Pip
{quote} Can you be more detailed in your question? I want to make sure I'm on the same page as you.
I will, but I have first to watch again the video about short term expectations versus long term expectations.
  • #22,260
  • Dec 7, 2016 7:46am Dec 7, 2016 7:46am
Quoting eaglestar
Watching {image}
Interesting. We produce a local NSL, so we expect a deep correction and should probably look for shorts in the immediate PA, since the top acts now as supply zone. Am I right?
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