Attachments: Ratios & Harmonics: a Different Way to Trade

Ratios & Harmonics: a Different Way to Trade

#22,261
Dec 7, 2016 7:49am Dec 7, 2016 7:49am

jmezz
| Joined Mar 2016 | Status: Trader | 1,068 Posts

YM this morning

No edge in ON inventory.

Retest with small projection.

Have been unable to break to new highs however shorts have been somewhat difficult past couple trading days.

So I may look to see a pb a little higher and then possibly a quick in-and-out short to setup an eventual long. I think any shorts will need to be managed aggressively until we have further confirmation that index futures want to have a sustained drop.

We'll see what we get in RTH.

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#22,262
Dec 7, 2016 7:50am Dec 7, 2016 7:50am

eaglestar
Joined Mar 2008 | Status: He who believes has eternal life. | 3,764 Posts

Quoting evocpr19

Disliked

{quote} Interesting. We produce a local NSL, so we expect a deep correction and should probably look for shorts in the immediate PA. Am I right?

Ignored

Yes I am thinking so

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The things that we love tell us what we are Thanks Redsword11 and Tim Morge

#22,263
Dec 7, 2016 8:07am Dec 7, 2016 8:07am

Mr_Burns
| Joined Jan 2014 | Status: Trader | 162 Posts

Quoting jmezz

Disliked

YM this morning No edge in ON inventory. Retest with small projection. Have been unable to break to new highs however shorts have been somewhat difficult past couple trading days. So I may look to see a pb a little higher and then possibly a quick in-and-out short to setup an eventual long. I think any shorts will need to be managed aggressively until we have further confirmation that index futures want to have a sustained drop. We'll see what we get in RTH. {image}

Ignored

Neat, I look for the same thing, a pb, a short into ~19200 and then possibly a long with a long term 1:1 of main swing in mind.

Rise and rise again until lambs become lions

#22,264
Dec 7, 2016 8:18am Dec 7, 2016 8:18am

Mr. Pip
| Membership Revoked | Joined Jul 2010 | 9,273 Posts

Good Morning Traders,

I hope you all enjoyed the video I posted yesterday. I know I kind of rushed through it,probably wasn't my best video but it's there for you. Today my S/D zones are the same as yesterday. The market progressed from yesterday's lows to test the area of market highs so overall we are bullish and the market is working to remain bullish. We do see a strong will to sell the highs and that area for the last few days showing that traders are not willing to continue buys at those high prices.

My outlook for the day is bullish with extreme caution as the market is showing significant order flow breakdown on the Bull. There is little scheduled volatility today so the market is pretty much running on it's own steam. I'm expecting a deep push up int 19245-56 area where some sellers should be waiting to defend. Let's see if the market offers any solid opportunities.

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If you fail to plan, you plan to fail.

#22,265
Dec 7, 2016 8:36am Dec 7, 2016 8:36am

Mr. Pip
| Membership Revoked | Joined Jul 2010 | 9,273 Posts

The market responded well to 19245 as I stated in my analysis of the pre market. This tells me that I am in tune with the order flow. The market also found buyer in my demand zone, this tells me that my zones are good and price is respecting them.

So now I will wait to see if the market can make a short term NSH complex correction to short this market.

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If you fail to plan, you plan to fail.

#22,266
Dec 7, 2016 8:47am Dec 7, 2016 8:47am

Mr. Pip
| Membership Revoked | Joined Jul 2010 | 9,273 Posts

Short YM

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If you fail to plan, you plan to fail.

#22,267
Dec 7, 2016 8:54am Dec 7, 2016 8:54am

Mr. Pip
| Membership Revoked | Joined Jul 2010 | 9,273 Posts

Some buyers still hanging around. I'm expecting this area to be defended. The bears should come in soon.

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If you fail to plan, you plan to fail.

#22,268
Dec 7, 2016 8:57am Dec 7, 2016 8:57am

jmezz
| Joined Mar 2016 | Status: Trader | 1,068 Posts

YM

I'm short with you.

Entered via limit with 11pt stop but I might scratch this as it's hangin around up here longer than I'd like it to.

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#22,269
Dec 7, 2016 8:58am Dec 7, 2016 8:58am

eaglestar
Joined Mar 2008 | Status: He who believes has eternal life. | 3,764 Posts

Quoting Mr. Pip

Disliked

Good Morning Traders, I hope you all enjoyed the video I posted yesterday. I know I kind of rushed through it,probably wasn't my best video but it's there for you. Today my S/D zones are the same as yesterday. The market progressed from yesterday's lows to test the area of market highs so overall we are bullish and the market is working to remain bullish. We do see a strong will to sell the highs and that area for the last few days showing that traders are not willing to continue buys at those high prices. My outlook for the day is bullish with...

Ignored

There is little scheduled volatility today

What about news at 10:00 and 10:30?
10:00am
CAD
BOC Rate Statement
CAD
Overnight Rate
0.50%0.50%USD
JOLTS Job Openings
5.53M5.49M
10:30amUSD
Crude Oil Inventories
-1.4M-0.9M

The things that we love tell us what we are Thanks Redsword11 and Tim Morge

#22,270
Dec 7, 2016 9:01am Dec 7, 2016 9:01am

Mr. Pip
| Membership Revoked | Joined Jul 2010 | 9,273 Posts

Quoting jmezz

Disliked

YM I'm short with you. Entered via limit with 11pt stop but I might scratch this as it's hangin around up here longer than I'd like it to. {image}

Ignored

I hear you don't like it much either but I'm going to hang in a bit longer.

If you fail to plan, you plan to fail.

#22,271
Dec 7, 2016 9:01am Dec 7, 2016 9:01am

jmezz
| Joined Mar 2016 | Status: Trader | 1,068 Posts

Yeah I scratched for -3.

#22,272
Dec 7, 2016 9:01am Dec 7, 2016 9:01am

eaglestar
Joined Mar 2008 | Status: He who believes has eternal life. | 3,764 Posts

The swing up at the moment... 50% buyers

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The things that we love tell us what we are Thanks Redsword11 and Tim Morge

#22,273
Dec 7, 2016 9:02am Dec 7, 2016 9:02am

Mr. Pip
| Membership Revoked | Joined Jul 2010 | 9,273 Posts

Quoting eaglestar

Disliked

{quote} There is little scheduled volatility today What about news at 10:00 and 10:30? 10:00am CAD BOC Rate Statement CAD Overnight Rate 0.50%0.50%USD JOLTS Job Openings 5.53M5.49M 10:30amUSD Crude Oil Inventories -1.4M-0.9M

Ignored

You are correct I was looking at the wrong date.

If you fail to plan, you plan to fail.

#22,274
Dec 7, 2016 9:15am Dec 7, 2016 9:15am

eaglestar
Joined Mar 2008 | Status: He who believes has eternal life. | 3,764 Posts

Quoting Mr. Pip

Disliked

{quote} You are correct I was looking at the wrong date.

Ignored

Traders helping traders

The things that we love tell us what we are Thanks Redsword11 and Tim Morge

#22,275
Dec 7, 2016 9:16am Dec 7, 2016 9:16am

Mr. Pip
| Membership Revoked | Joined Jul 2010 | 9,273 Posts

Price has made a weak NSH against me so my reasons for being in this trade are gone. I show be looking for a way out of this. I will be patient with it and see if the buyers feel price is to expensive up here and supply holds. My stop is in the right place and crude coming out in 14 minutes might help or finish me off.

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