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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

  • #22,281
  • Dec 7, 2016 9:37am Dec 7, 2016 9:37am
Quoting rocky
{image}
Way to bounce back Rocky!
If you fail to plan, you plan to fail.
  • #22,282
  • Dec 7, 2016 9:44am Dec 7, 2016 9:44am
Buyers are trying to make another move. The bears are around though I see them hiding in the shadows. The need to come out and fight.
Attached Image (click to enlarge)
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If you fail to plan, you plan to fail.
  • #22,283
  • Dec 7, 2016 9:47am Dec 7, 2016 9:47am
I want to remind everyone of the live stream on Dec 15 @ 0915 Eastern time. You will get to see this in real time on my live account and verbilizing my thoughts as they occur. Make arrangements. I'm excited to to this and would like to see tons of people there.
If you fail to plan, you plan to fail.
  • #22,284
  • Dec 7, 2016 9:48am Dec 7, 2016 9:48am
Quoting Mr. Pip
{quote} Way to bounce back Rocky!
Thanks Damian, however I made a mistake that I haven't made in many years. My intention on my 3 contract 21 tick loss was to "long" the market. I placed the trade and walked away from my computer. Came back and saw my mistake, Unfortunately I was stopped out. To many things happening at once in my house hold causes many distractions
  • #22,285
  • Dec 7, 2016 9:54am Dec 7, 2016 9:54am
Quoting rocky
{quote} Thanks Damian, however I made a mistake that I haven't made in many years. My intention on my 3 contract 21 tick loss was to "long" the market. I placed the trade and walked away from my computer. Came back and saw my mistake, Unfortunately I was stopped out. To many things happening at once in my house hold causes many distractions
That sucks I know the feeling distractions sometime costs use unfortunately I've been slightly off these last few days computer issues and external commitments to life, family and business has me slightly off my gamy. But can't ask life to slow down for me lol. Anyway great recovery I'm still fighting with my trade. It's on auto pilot no emotion just boring.
If you fail to plan, you plan to fail.
  • #22,286
  • Dec 7, 2016 10:11am Dec 7, 2016 10:11am
This is one of those situations that I discussed in the video this would be adding into a losing position. All reasons for entering this trade are no longer there. That is why I have not added to this trade at the highs and even though I'm well below my contract limit so it would not be adding a full position. The same rules apply. My only chance of walking away with money is if supply hold. The bears are looking better but it is still a struggle.

Taking the area into context this area has a high probability of finding strong selling and as suck I am being patient and tolerant. I will keep you all updated as the trade progresses. What I like is that although I only had one losing trade in November you can see that it's not always sunshine and rainbows as my daughter always says. And complex even losing trades are part of this amazing business and they happen to all of us. It's important to stay focused on the trade plan and stick to your rules they have been designed and tested to keep you profitable long term. The outcome of this trade does not matter to me one way or the other. We shoot for profit but have to take the hits that come along put them behind us and not bring baggage to the next opportunity.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 12-16 (233 Tick) 2016_12_07.png Size: 60 KB
If you fail to plan, you plan to fail.
  • #22,287
  • Dec 7, 2016 10:23am Dec 7, 2016 10:23am
YM -3

Notes on chart.

I regret not being more aggressive with my stop on this trade. Trade moved 10pts in my favor so there was room to move to b/e. Per my post this morning I was aware that shorts were difficult and would warrant aggressive trade management however I was not aggressive enough. I am happy
that scratching was the correct decision however, so there is some silver lining haha.

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  • #22,288
  • Dec 7, 2016 10:27am Dec 7, 2016 10:27am
Quoting evocpr19
{quote} 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?
Quoting eaglestar
{quote} Yes I am thinking so {image}
Quoting Mr_Burns
{quote} 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.
Quoting Mr. Pip
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...
Looks like all of us had the same idea this morning, we got the pb we were looking for but the market juked us out on the short lol.
  • #22,289
  • Dec 7, 2016 10:32am Dec 7, 2016 10:32am
Quoting jmezz
{quote} {quote} {quote} {quote} Looks like all of us had the same idea this morning, we got the pb we were looking for but the market juked us out on the short lol.
I guess I enjoy the pain train I'm still on it LOL.
If you fail to plan, you plan to fail.
  • #22,290
  • Dec 7, 2016 10:34am Dec 7, 2016 10:34am
Pain train crashed stopped out. Next trade.
If you fail to plan, you plan to fail.
  • #22,291
  • Dec 7, 2016 10:41am Dec 7, 2016 10:41am
Quoting jmezz
{quote} {quote} {quote} {quote} Looks like all of us had the same idea this morning, we got the pb we were looking for but the market juked us out on the short lol.
Correct I was stopped out as well. I thought it may reverse after I noticed the 50% buyers, which I posted.
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #22,292
  • Dec 7, 2016 10:45am Dec 7, 2016 10:45am
Quoting eaglestar
{quote} Correct I was stopped out as well. I thought it may reverse after I noticed the 50% buyers, which I posted. {image}
It happens. No big deal. looking for a long around 269 there abouts.
If you fail to plan, you plan to fail.
  • #22,293
  • Dec 7, 2016 10:52am Dec 7, 2016 10:52am
Attached Image (click to enlarge)
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  • #22,294
  • Dec 7, 2016 10:52am Dec 7, 2016 10:52am
Price did not correct deep enough to get long. Still hunting
If you fail to plan, you plan to fail.
  • #22,295
  • Dec 7, 2016 10:54am Dec 7, 2016 10:54am
Quoting rocky
{image}
Make sure they look good or the family will jump on you LOL
If you fail to plan, you plan to fail.
  • #22,296
  • Dec 7, 2016 10:57am Dec 7, 2016 10:57am
dow daily
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  • #22,297
  • Dec 7, 2016 10:59am Dec 7, 2016 10:59am
Quoting eaglestar
{quote} Correct I was stopped out as well. I thought it may reverse after I noticed the 50% buyers, which I posted. {image}
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  • #22,298
  • Dec 7, 2016 10:59am Dec 7, 2016 10:59am
OTF in action.....
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  • #22,299
  • Dec 7, 2016 11:02am Dec 7, 2016 11:02am
Bull are on fire!
If you fail to plan, you plan to fail.
  • #22,300
  • Dec 7, 2016 11:11am Dec 7, 2016 11:11am
Alright Trasders, I'm done for the day two tough days back to back losing days but tomorrow I get a change to make it all go away. I am heading out to take care of some things. I'll be back later to catch up. Catch you all later.
If you fail to plan, you plan to fail.
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