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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

  • #22,481
  • Dec 13, 2016 11:46am Dec 13, 2016 11:46am
Was finally able to catch 2 trades on the YM. It does not move much recently or am I wrong? I have been mainly trading the FDAX which moves much more (can recommend if you are up at that time).

Attached Image (click to enlarge)
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Done for today.
  • #22,482
  • Dec 13, 2016 12:01pm Dec 13, 2016 12:01pm
Quoting jmezz
YM +3, +29 = +32 Notes on chart. {image}
Nice trading! Can you explain what you mean with "price accordions"?
  • #22,483
  • Dec 13, 2016 1:15pm Dec 13, 2016 1:15pm
Quoting eaglestar
There was someone changing from forex to futures... just wanted to say ampfutures has metatrader now, just a heads up. Not sure how good they are.
This is what I am using. It's MT5 No problems so far.
  • #22,484
  • Dec 13, 2016 3:06pm Dec 13, 2016 3:06pm
Quoting jmezz
YM +3, +29 = +32 Notes on chart. {image}
Congrats.

My price reading is rubbish at the moment (no idea what is going on with me). I did not enter any trade.
  • #22,485
  • Dec 13, 2016 4:08pm Dec 13, 2016 4:08pm
Quoting x3m-PippiN
{quote} They call him Jmezz "the short" guy
LOL - you're right... that's his nickname.
  • #22,486
  • Dec 13, 2016 5:33pm Dec 13, 2016 5:33pm
Quoting DizzleFX
Pulled the trigger, short on AU 233 Tick. Price made an expectation failure so I started looking for shorts. Price is currently showing some signs of the bulls wanting to play, but none the less, I had the facts to why I went short so I will let my expectations play out or get stopped. I believe I have enough detail in the pictures, but feel free to ask any questions you may have. {image} {image}
I was looking and thinking this. Maybe this would help? I just wanted to add my thoughts. Let me know if this helps.
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #22,487
  • Dec 13, 2016 6:05pm Dec 13, 2016 6:05pm
Quoting stavrogijn
{quote} Nice trading! Can you explain what you mean with "price accordions"?
Sure. Simply put they're just a small consolidation in the direction of the current trend but I like to use them as reversal signals because to me it says 'changing of hands' and they offer a chance to get a nice pop or dump depending on where you see them.

Here's a general idea:

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You're looking for price to become very compact and bounce back and forth while moving with order flow. I like them best after very strong waves of buying or selling and occurring at solid structure or prz.

Here are a few examples that I've circled from prior charts that I've posted:

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  • #22,488
  • Dec 13, 2016 6:10pm Dec 13, 2016 6:10pm
Quoting x3m-PippiN
{quote} They call him Jmezz "the short" guy
Quoting crixus
{quote} LOL - you're right... that's his nickname.
You know it's bad when the guys on the forum are giving you nicknames to bust your balls LOL.

C'mon you guys, I took a long yesterday.
  • #22,489
  • Dec 13, 2016 6:21pm Dec 13, 2016 6:21pm
Quoting stavrogijn
Was finally able to catch 2 trades on the YM. It does not move much recently or am I wrong? I have been mainly trading the FDAX which moves much more (can recommend if you are up at that time). {image} Done for today.
Nice trades today man.

I was kind of thinking the same thing regarding YM then looked at PA on TF today (and the past few days) and I think I'm going to be watching this one tomorrow.

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  • #22,490
  • Dec 13, 2016 6:34pm Dec 13, 2016 6:34pm
Quoting rocky
{quote} Good morning Stavrogijn, I define my Bid/Offer criteria by looking for Bid/Offer Imbalances at certain area's of interest on my charts. When there is a strong Imbalance this tells me that a large number of contracts are entering one side of the market at a certain price point. In the example I posted, to the upper left you'll see Bids in blue and Offers in green. There's about a 1 vs. 3 trade imbalance. The Offers have been lifted, the buyers are taking control, or have they? Did they all just get trapped? Hum... If they have then feeding...
Hi Rocky, this is very interesting and makes sense. For whatever reason though I can't see any of that looking at those numbers... it's just not registering in my brain what I'm looking at exactly.
  • #22,491
  • Dec 13, 2016 7:12pm Dec 13, 2016 7:12pm
Quoting eaglestar
{quote} I was looking and thinking this. Maybe this would help? I just wanted to add my thoughts. Let me know if this helps. {image} {image}
Thanks for the input. I always appreciate a different set of eyes analyzing my trades to get a different perspective or to point out things I might not have caught.

I would have taken the entry on the initial LH and would have managed it similar to how you have it marked, but I was not around when it happened. Overall, I do manage my trades similar to Mr. Pip, by moving to BE at test of structure or at the 127 based on projection and depth.

Thanks for the help though.
Damn The Torpedoes, Full Speed Ahead!
  • #22,492
  • Dec 13, 2016 7:37pm Dec 13, 2016 7:37pm
Quoting jmezz
Also shoutout to Mastermind, I always enjoy reading your analysis and commentary in here. I know I'm not the only one.
You and several other traders here make far more detailed commentaries than what I provide.

This is beneficial for the writer and the reader no matter their experience in trading.

I tend to keep the comments brief and the analysis sufficient to highlight the key considerations.
It starts to get interesting though once the PA/order flow changes and then the comments need to be updated in a timely and dynamic manner.

Although I tend to take smaller pieces out of a given move based on my own criteria the setups are actually meant to assist interested traders who might want to stay in the trades longer term and attempt to extract a bit more out of the trade.

At the end of the day its a good day if it was a profitable day or a learning day.

We are here to learn from each other and continue to get better as traders.

Good trading,

Masterrmind..........
Master your Mind then Master your Trades
  • #22,493
  • Dec 13, 2016 8:03pm Dec 13, 2016 8:03pm
GBPJPY [M5 Chart]

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Looking for a short opportunity.

Would like to see PA head up slightly followed by renewed bearish intent ... then I'll short it.

Masterrmind...........
Master your Mind then Master your Trades
  • #22,494
  • Dec 13, 2016 8:21pm Dec 13, 2016 8:21pm
Quoting Masterrmind
GBPJPY [M5 Chart] {image} Looking for a short opportunity. Would like to see PA head up slightly followed by renewed bearish intent ... then I'll short it. Masterrmind...........
GJ

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Price pulled up and tagged the DO line (well almost) then headed back down in the same candle.
Likely I've missed out on that short but lets wait and see.

If price hits my PRZ zone then I may look to long this pair back up to S/R level.

Masterrmind............
Master your Mind then Master your Trades
  • #22,495
  • Dec 13, 2016 8:53pm Dec 13, 2016 8:53pm
While I'm saving up some to open a futures account, I figured that I would give equities/options a try in the meantime and will apply the same harmonic patterns of Scott Carney and the methodology that I've learned here from Mr. Pip about the harmonics/projections/depth/momentum etc.

Anyway, interesting to see a butterfly pattern forming on the AAPL daily chart, going to buy a put around the 117 - 117.75 area with a target of around 113.
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  • #22,496
  • Dec 13, 2016 8:54pm Dec 13, 2016 8:54pm
GJ [M5 Bar Chart]

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Current status as per chart.

Will either look to short or go long somewhere in the zones identified on the chart.

Masterrmind...........
Master your Mind then Master your Trades
  • #22,497
  • Dec 13, 2016 9:13pm Dec 13, 2016 9:13pm
Quoting Masterrmind
GJ [M5 Bar Chart] {image} Current status as per chart. Will either look to short or go long somewhere in the zones identified on the chart. Masterrmind...........
GJ

Attached Image (click to enlarge)
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Now short.

Trade will be managed throughout.

Masterrmind..........
Master your Mind then Master your Trades
  • #22,498
  • Dec 13, 2016 9:18pm Dec 13, 2016 9:18pm
Quoting Masterrmind
{quote} GJ {image} Now short. Trade will be managed throughout. Masterrmind..........
You're a pro in the Asian session. I seemed to do much much better during the NY open and typically got killed trading the Asian session.
  • #22,499
  • Dec 13, 2016 9:30pm Dec 13, 2016 9:30pm
Quoting Harmonic1976
{quote} You're a pro in the Asian session. I seemed to do much much better during the NY open and typically got killed trading the Asian session.
I have been trading the Asian session for a very long time and until you actually get accustomed to its session patterns and PA it can be rather frustrating.

Frustrating because price will head off for 20-30 pips in a given direction and then suddenly reverse on your position.
It pays to know both the session and the pair you are trading very intimately.

That being said I am trading a very dangerous pair being the GJ in the Asian session so a loss is always possible.

Should the trade be a loss it will be posted as such.

I may however, simply close out the trade if the bulls were to make an aggressive charge taking price above my potential shorting zone outlined on the chart (previous posts).

At this stage its simply monitoring the trade and seeking to identify any valid reason to close out the trade otherwise keep it active.

Masterrmind...........
Master your Mind then Master your Trades
  • #22,500
  • Dec 13, 2016 9:58pm Dec 13, 2016 9:58pm
Quoting jmezz
{quote} Sure. Simply put they're just a small consolidation in the direction of the current trend but I like to use them as reversal signals because to me it says 'changing of hands' and they offer a chance to get a nice pop or dump depending on where you see them. Here's a general idea: {image} You're looking for price to become very compact and bounce back and forth while moving with order flow. I like them best after very strong waves of buying or selling and occurring at solid structure or prz. Here are a few examples that I've circled from...
great stuff. added to my journal . thank you.
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