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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

  • #22,661
  • Dec 16, 2016 9:43am Dec 16, 2016 9:43am
Mr. Pip, do you have an example of your trading plan or is that something that you would be willing to share for others to try to build one off of?

I understand it is unique to the individual/risk tolerance/style etc... but it looks like you have a very thorough plan and it seems like it would be a great example to use as a reference to build our own.

I know it may be a private thing so if that is the case, I fully understand.

Thank you!
  • #22,662
  • Dec 16, 2016 9:57am Dec 16, 2016 9:57am
TF +.2, be, +.3 = +.5 total

Tough day, can't say these were the best trade decisions.

Notes on charts.

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  • #22,663
  • Dec 16, 2016 10:00am Dec 16, 2016 10:00am
Quoting x3m-PippiN
I'm curious to see if Jmezz took a long from yesterday's close. PA is looking like 6J yesterday morning and today ... Ranging and faking out.
From where?
  • #22,664
  • Dec 16, 2016 10:04am Dec 16, 2016 10:04am
Quoting jmezz
{quote} From where?
Circled area.
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  • #22,665
  • Dec 16, 2016 10:06am Dec 16, 2016 10:06am
Quoting jmezz
TF +.2, be, +.3 = +.5 total Tough day, can't say these were the best trade decisions. Notes on charts. {image} {image} {image}

I had to go, so I finished BE. Finallly price did what I expected, but without me.
  • #22,666
  • Dec 16, 2016 10:10am Dec 16, 2016 10:10am
Quoting jmezz
YM Had 856ish ready for a short but wasn't getting there so decided to opt for the TF. {image}
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I'm still simply fascinated when I see harmonics play out, it will always hold magic with me. Some examples are so ridiculous haha.

Quoting x3m-PippiN
{quote} Circled area. {image}
Ah ok, yeah close on my chart is 799 (see above) so price didn't get anywhere near there in RTH this morning.
  • #22,667
  • Dec 16, 2016 10:14am Dec 16, 2016 10:14am
Sorry traders I took a short that went against me but I knew I was against the expectation so I added to the position at the completion of the 1:1 and was able to get out of my trade with profit on the rescue mission. In this particular situation all of my reasons for being in the trade were no longer there so I needed to find a graceful exit and not hold on the the premise of my initial trade. Buy giving my trade the proper room I was able to turn a bad situation into a good outcome. I was concentrating on the price action so I did not post the trade in real time I completely forgot but here are the markers so you all can see.

I got out because I got a rotation candle I got out with 7 points then price dropped but I was looking to get out of the trade. It would have been great if that was in the stream from yesterday but maybe some other time. It's always important to have an exit plan that does not just your stop. What shit breaks down you need to consider your option and save your capital.
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If you fail to plan, you plan to fail.
  • #22,668
  • Dec 16, 2016 10:15am Dec 16, 2016 10:15am
Quoting Mr. Pip
probably best to go fishing instead but I am here so let's see if she will give something. I will be aggressive and take profit at the test of the range if I enter. I had 19 point and ended up with 5 but I followed my rules so I'm pleased with the outcome. Yesterday being aggressive I left money on the take and today being more conservative I gave money back LOL. She is not very nice sometimes but at least we are not losing money.
That's always how it goes lol.
  • #22,669
  • Dec 16, 2016 10:18am Dec 16, 2016 10:18am
Quoting evocpr19
{quote} I had to go, so I finished BE. Finallly price did what I expected, but without me.
Me too but I had to switch gears to a rescue mission. It's ok next trade. No emotion. Fire and ice do not bother us. Clear technical based decision making will make you more money in the long run. Today is very complicated and it will only get worse as this month progresses.

I personally enjoy the challenge of difficult markets as it puts my skills to the ultimate test.
If you fail to plan, you plan to fail.
  • #22,670
  • Dec 16, 2016 10:18am Dec 16, 2016 10:18am
Quoting jmezz
{quote} That's always how it goes lol.
I know
If you fail to plan, you plan to fail.
  • #22,671
  • Dec 16, 2016 10:27am Dec 16, 2016 10:27am
If price finds support here I will consider a short at around 831. The market has spoke intraday and longer term in alignment.
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If you fail to plan, you plan to fail.
  • #22,672
  • Dec 16, 2016 10:30am Dec 16, 2016 10:30am
Buyers need to come in here this is the line in the sand for them.
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If you fail to plan, you plan to fail.
  • #22,673
  • Dec 16, 2016 10:39am Dec 16, 2016 10:39am
The earliest I would consider the short would be around 822-825
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If you fail to plan, you plan to fail.
  • #22,674
  • Dec 16, 2016 10:57am Dec 16, 2016 10:57am
Quoting LaBoca
{quote} 1 soldier left on the table - touched but hey that's how she rolls..... +50 Ticks....probably call it quits for the day....Enjoy the weekend. {image}
Nice work Boca!
  • #22,675
  • Dec 16, 2016 11:04am Dec 16, 2016 11:04am
Short
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If you fail to plan, you plan to fail.
  • #22,676
  • Dec 16, 2016 11:05am Dec 16, 2016 11:05am
I don't like to take trades at this time and specially on a Friday but I have an hour to kill before I meet my wife for lunch. Let's see what we get here.
If you fail to plan, you plan to fail.
  • #22,677
  • Dec 16, 2016 11:14am Dec 16, 2016 11:14am
Price is hung up here as it is an area of structure lets see if we can get continuation.
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If you fail to plan, you plan to fail.
  • #22,678
  • Dec 16, 2016 11:18am Dec 16, 2016 11:18am
Quoting Mr. Pip
Price is hung up here as it is an area of structure lets see if we can get continuation. {image}
Nice it goes in your favour.
  • #22,679
  • Dec 16, 2016 11:20am Dec 16, 2016 11:20am
Got to +5 early as there is structure all over here. might close at the round number for 20 points and call it a day. sorry thing move fast sometimes locked in 20
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If you fail to plan, you plan to fail.
  • #22,680
  • Dec 16, 2016 11:23am Dec 16, 2016 11:23am
taken out at +20 good day +32 points in all. I will catch up now. I hope you all enjoyed today's trades and analysis. Trading light for the rest of the year only 4 contracts so only $640 but it's money in the bank.
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If you fail to plan, you plan to fail.
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