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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

  • #22,301
  • Dec 7, 2016 9:17am Dec 7, 2016 9:17am
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.
Yep
  • #22,302
  • Dec 7, 2016 9:38am Dec 7, 2016 9:38am
Quoting Winston Reed
{quote} {image}
I noticed Winston's post, I always liked this guy. Welcome to the thread Winston Back to my Christmas Lights!
  • #22,303
  • Dec 7, 2016 9:54am Dec 7, 2016 9:54am
Quoting Mr. Pip
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
A:10 V:10. Video length was good. not to long and not to short.

Thank you. Very clear.

probable beyond my talents yet but I will start to practice. Thank you for the clarification between adding to a losing position and Averaging down.
  • #22,304
  • Dec 7, 2016 9:57am Dec 7, 2016 9:57am
Quoting Mr. Pip
{quote} Make sure they look good or the family will jump on you LOL
Yes. Yes they will haha
  • #22,305
  • Dec 7, 2016 10:01am Dec 7, 2016 10:01am
Quoting rocky
{quote} I noticed Winston's post, I always liked this guy. Welcome to the thread Winston Back to my Christmas Lights!
Thanks Rocky. I was following Mr Pip about a year or so ago and learned much from his videos. Nice to see him back at it again and you too!!! Happy Holidays to all!!!
  • #22,306
  • Dec 7, 2016 10:27am Dec 7, 2016 10:27am
Quoting Winston Reed
{quote} Thanks Rocky. I was following Mr Pip about a year or so ago and learned much from his videos. Nice to see him back at it again and you too!!! Happy Holidays to all!!!
Happy holidays my friend great to see you around. I'll be hanging around a while trying to keep everyone on track with the help of many great traders. If you are not busy on the 15th I'm doing a live stream of a trading session of mine. I hope you can make it. I will post the live stream link that morning. Don't be a stranger and again all the best to you and everyone.
If you fail to plan, you plan to fail.
  • #22,307
  • Dec 7, 2016 10:36am Dec 7, 2016 10:36am
potential setup on EG 5m

If we can get one more leg down on the pullback I'll be looking for a long opportunity in confluence zone with structure for continuation of bull trend
cheers
Wig
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Bulls nor Bears may hide their intent.
  • #22,308
  • Dec 7, 2016 10:58am Dec 7, 2016 10:58am
PA on YM looks very artificial; as more as it goes up, momentum is increasing.
  • #22,309
  • Dec 7, 2016 11:03am Dec 7, 2016 11:03am
Quoting evocpr19
PA on YM looks very artificial; as more as it goes up, momentum is increasing.
Sick part is that I was in that trade but my target was hit before I managed to start trailing aggressively.. 25points that would be closer to 250 :S
Rise and rise again until lambs become lions
  • #22,310
  • Dec 7, 2016 11:11am Dec 7, 2016 11:11am
Quoting evocpr19
PA on YM looks very artificial; as more as it goes up, momentum is increasing.
depending on which low you use, this was the Daily chart I had in mind. I am thinking of using the daily chart as a MTF filter, let me know if anyone else does this, as I do it already on currencies.
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #22,311
  • Dec 7, 2016 11:15am Dec 7, 2016 11:15am
Quoting evocpr19
PA on YM looks very artificial; as more as it goes up, momentum is increasing.
It's interesting how the market can be viewed differently by different individuals. IMHO the PA was very clear on YM.
  • #22,312
  • Edited 12:07pm Dec 7, 2016 11:23am | Edited 12:07pm
Quoting Winston Reed
{quote} It's interesting how the market can be viewed differently by different individuals. IMHO the PA was very clear on YM.
You were free to comment before things happened.

I am currently trying to figure out how to deal with immediate expectation versus long term expectation, since I missed in the past nice long swings. I saw on the 15min chart that price is still in trend, but on the immediate action we got a local NSL. I also asked the opinion of others in order to make sure that the process for what I am looking for is right and got some replies (thank you for the replies).

Basically, I try to train what you can see on the chart. I did not trade it with money, only theoretical.
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  • #22,313
  • Dec 7, 2016 11:27am Dec 7, 2016 11:27am
gold 5m is in the zone. waiting for rotation to get long
cheers
Wig
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  • #22,314
  • Dec 7, 2016 12:14pm Dec 7, 2016 12:14pm
nice bounce off 78fib entered long, target resistance then 1:1
trade open
Wig
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  • #22,315
  • Dec 7, 2016 2:05pm Dec 7, 2016 2:05pm
Well Pac Man is still alive...

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  • #22,316
  • Dec 7, 2016 3:18pm Dec 7, 2016 3:18pm
Quoting Mr. Pip
{quote} 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...
It worked perfect! I took 50 pips at the top of the last NSH. I was a bit afraid to go through the next valleys to reach the 127.

Here is another trade from today: It resulted in 80 pips. If I would have trade to the 127/final 1:1 harmonic I would have taken 160 pips...but who cares....Two good trades...

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  • #22,317
  • Dec 7, 2016 4:05pm Dec 7, 2016 4:05pm
Quoting jandarana
{quote} It worked perfect! I took 50 pips at the top of the last NSH. I was a bit afraid to go through the next valleys to reach the 127. Here is another trade from today: It resulted in 80 pips. If I would have trade to the 127/final 1:1 harmonic I would have taken 160 pips...but who cares....Two good trades... {image}
congrats!
If you fail to plan, you plan to fail.
  • #22,318
  • Edited 7:11pm Dec 7, 2016 6:43pm | Edited 7:11pm
Gartley USDJPY 233T

Edit: Bears took over after a few more candles and trade was stopped out.
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  • #22,319
  • Dec 7, 2016 7:22pm Dec 7, 2016 7:22pm
Quoting arvindeept
dow daily {image}
Wow a good 200 points move .....better to keep the longer term trend in picture for trades on Dow...
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  • #22,320
  • Dec 7, 2016 11:43pm Dec 7, 2016 11:43pm
I put stop to b/e and let it run overnight, we made a lower high and just stopped out this morning
onto the next trade
Wig
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