Ratios & Harmonics: a Different Way to Trade

GM Traders,

I will be catching up later today on the thread. Today's outlooks very bullish. Looks like the bulls got their act together and are now testing market highs. The bears came in the area of the round number 19900. The expectation is for a HL and new highs for today. Can the bulls do it? They should be able to so I will be more interested in longs overall but I will take a stab at a short or two if the price action tells me it's ok. The zones are the same as yesterday, I find no cause to change them. There is no scheduled volatility of any significance they would cause any craziness.

Clear swing here is very long here which causes huge issues with RR and my stops will have to be placed very carefully within the swing as I will not be assuming a adverse RR trade. This lowers the probability of success but I'm prepared to trade with this understanding. I will look for the strongest structure to the left closest to my entry as areas to place my protective stops.

Euro 5min just completed this 161.8 extension, possible reversal here.

Working off of a smaller swing in the intraday order flow. Market has gone to new highs as stated and expected. Looking for longs.

Looking for price to come down to the lower 900s, 908 would be great.

Looking to do the live stream around mid January. The market should be at full steam by then.

1:1 just completed on the YM not going to short I don't expect a great correction here instead I will wait to see if price come to where I'm interested 908 area

We are in no mans land nothing to the left so selling is challenging. We have to rely more on Order Flow Analysis. Sellers look like they may be trying to come in but looks more like profit taking more then straight out selling.

Long YM. shallow entry reduced contract to reduce some risk.

I have not placed my stop yet and I'm giving myself a chance to average in I'm at the very least expecting the round number to hold so I have my initial stop below that. I will increase it if I have to and I've plan for the by reducing my entry position size. Notice how I have worked all this out ahead of time.

Slow market today the sellers took price a little lower but I'm seeing some buying pressure and the bulls wanting to defend. Let's see if we get some continuation. The buying still looks a little weak which concerns me but have to suck on it and give the trade a chance to develop.

We can see that the buyers are around but the sellers are still interested and the buyers have not been able to overcome them as of yet. I believe they may be close. I extended my stop some and this is the area where the bulls have to show their balls.

We got a great rotation candle let's see if now we can capitalize on it. If I was not long already this would have been my entry which pretty much would have me a point or two better but it's fine. Now we need the bulls to drive towards the expectation. Let's go bulls!!!

correct on read, missed entry. will see if price comes down again and bases.

Still hanging out which is not great but have to be patient and let the trade develop. The longer price sits here the weaker my trade becomes but it is what is is.

Don't sweat it I was right every time yesterday and never took the trade. It happens, price never corrected to give me room. Look at today I have room but price is not moving. This time of year and specially the next two week suck for trading.

Finally the bulls wake up a bit my trade is a little green.

I have about 14-15 points to the high if price take forever to get there I will be aggressive and just take profit as that is a retest of market highs. I will make that decision on two factors how and if price gets there meaning order flow momentum and bar by bar decision candles how do they look. Right not the damn bears are trying to come in again.

Things are looking a bit better now let's see if they can keep it up.

The bears are trying to attack micro structure is around where my entry is so if price drops I would like to see my entry act as support. Hopefully price doesn't come down anymore. I have slow trades.

YM -13
TF -1.1, +3.8 = +2.6

I was stubbornly pressing short trying to take advantage of the ON fade play that I like to trade.

Made things harder on myself than they had to be. Hindsight shows I should have been looking to go long with the order flow today however I've traded enough of the overnight fades to feel comfortable with them and know that they do end up playing out a lot of the time. This is just an instance where they were not a smart play on the day.

I got lucky on the last trade as I was looking at a nice ding of a red day.

Other notes on chart.