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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

  • #23,501
  • Jan 10, 2017 12:52pm Jan 10, 2017 12:52pm
Update locked in 40 points. I have significantly reduced the draw down of the day
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-17 (233 Tick) 2017_01_10.png Size: 56 KB
If you fail to plan, you plan to fail.
  • #23,502
  • Jan 10, 2017 12:53pm Jan 10, 2017 12:53pm
Here is the video of my post session on the day and how I deploy rescue missions. If this is unclear or need a specific more detailed video on it I will make one.

https://youtu.be/7eR3bvRMngs
If you fail to plan, you plan to fail.
  • #23,503
  • Jan 10, 2017 12:57pm Jan 10, 2017 12:57pm
Getting aggressive and locking in 50 points. There may be buyers here and I don't want to give too much back. I can always enter again at a better price if it happens. I also extended my profit target just in case.
Attached Image (click to enlarge)
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If you fail to plan, you plan to fail.
  • #23,504
  • Jan 10, 2017 12:59pm Jan 10, 2017 12:59pm
Staying very aggressive locked in 60
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If you fail to plan, you plan to fail.
  • #23,505
  • Jan 10, 2017 1:00pm Jan 10, 2017 1:00pm
Locked in 70 staying aggressive as hell.
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If you fail to plan, you plan to fail.
  • #23,506
  • Jan 10, 2017 1:01pm Jan 10, 2017 1:01pm
Locked in just above the round number
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If you fail to plan, you plan to fail.
  • #23,507
  • Jan 10, 2017 1:08pm Jan 10, 2017 1:08pm
OK Traders,

I ended up recovering from an ugly day haven't had a bad one like that in a while but staying focused and not letting emotions interfere with the process paid off came out on top +21 on the day. I hope today had value to you. Post your questions or comments.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-17 (233 Tick) 2017_01_10.png Size: 80 KB
If you fail to plan, you plan to fail.
  • #23,508
  • Jan 10, 2017 1:22pm Jan 10, 2017 1:22pm
Quoting Mr. Pip
OK Traders, I ended up recovering from an ugly day haven't had a bad one like that in a while but staying focused and not letting emotions interfere with the process paid off came out on top +21 on the day. I hope today had value to you. Post your questions or comments. {image}
Nice trade, congrats.
  • #23,509
  • Jan 10, 2017 1:24pm Jan 10, 2017 1:24pm
Quoting evocpr19
{quote} Nice trade, congrats.
It was a juicy one
If you fail to plan, you plan to fail.
  • #23,510
  • Jan 10, 2017 1:27pm Jan 10, 2017 1:27pm
Quoting Mr. Pip
OK Traders, I ended up recovering from an ugly day haven't had a bad one like that in a while but staying focused and not letting emotions interfere with the process paid off came out on top +21 on the day. I hope today had value to you. Post your questions or comments. {image}
Good job. this is why your the man.

I do understand your first short but not your other 2. yes, price was over extended and at structure but with the strength exhibited from the Bulls, I was expecting a PB then a continuation higher or at least another attempt.

Note: I was aware that after an order flow switch , look for a deep retracement. It just seems like a low probability set up. maybe I'm missing something or interpreting the information incorrectly.

This was my road map this morning. I didn't execute any trade yet and most likely won't this late in the session.

Attached Image (click to enlarge)
Click to Enlarge Name: Jan 10 Game plan.png Size: 164 KB
  • #23,511
  • Jan 10, 2017 1:33pm Jan 10, 2017 1:33pm
Quoting Mr. Pip
OK Traders, I ended up recovering from an ugly day haven't had a bad one like that in a while but staying focused and not letting emotions interfere with the process paid off came out on top +21 on the day. I hope today had value to you. Post your questions or comments. {image}

Its a perfect example How and Why we must keep calm and stick to the rules and what we know.

Congrats
  • #23,512
  • Jan 10, 2017 1:33pm Jan 10, 2017 1:33pm
Quoting Mr. Pip
OK Traders, I ended up recovering from an ugly day haven't had a bad one like that in a while but staying focused and not letting emotions interfere with the process paid off came out on top +21 on the day. I hope today had value to you. Post your questions or comments. {image}
Nice save!
  • #23,513
  • Edited 2:56pm Jan 10, 2017 2:33pm | Edited 2:56pm
Mr. Pip,

I have a question concerning your entries in general. In the past, I saw more that you entered a trade when an expectation failure happened (in case of direction change; expected deep correction). Now, I have at least the impression that you entries are more aggressive and more based on individual candles at struture levels.
Maybe I miss something.

PS: Do not get me wrong, most of the time these entries are at the end perfect, but I am looking at them in order to enhance my skills and learn from them.
  • #23,514
  • Jan 10, 2017 3:02pm Jan 10, 2017 3:02pm
Quoting Mr. Pip
OK Traders, I ended up recovering from an ugly day haven't had a bad one like that in a while but staying focused and not letting emotions interfere with the process paid off came out on top +21 on the day. I hope today had value to you. Post your questions or comments. {image}

Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-17 (4000 Volume) 1_10_2017.jpg Size: 191 KB
  • #23,515
  • Jan 10, 2017 3:30pm Jan 10, 2017 3:30pm
Quoting Mack2013
{quote} Good job. this is why your the man. I do understand your first short but not your other 2. yes, price was over extended and at structure but with the strength exhibited from the Bulls, I was expecting a PB then a continuation higher or at least another attempt. Note: I was aware that after an order flow switch , look for a deep retracement. It just seems like a low probability set up. maybe I'm missing something or interpreting the information incorrectly. This was my road map this morning. I didn't execute any trade yet and most likely...
My second entry was a rescue mission the short video I posted earlier today explains it and the next trade in a brief way. If you need a more technical explanation just let me know and I will put something together. I was looking at the longer term and the fact that imbalance should favor the bears I just didn't time my first couple of entrances properly. I managed to take 96 out of 111 point that the swing offered. That is pretty awesome beginners luck I guess.
If you fail to plan, you plan to fail.
  • #23,516
  • Jan 10, 2017 3:32pm Jan 10, 2017 3:32pm
Quoting rocky
{quote} YM 03-17 (4000 Volume) 1_10_2017.jpg;2134199 {image}
Thanks for the chart. One that I'm still puzzled on. Need to research further, I think.

FYI, the original saying goes, knowledge is power, information is money but I thought data would be a nice slip on words in this situation.

Have a good day my friend
  • #23,517
  • Jan 10, 2017 3:34pm Jan 10, 2017 3:34pm
Quoting evocpr19
Mr. Pip, I have a question concerning your entries in general. In the past, I saw more that you entered a trade when an expectation failure happened (in case of direction change; expected deep correction). Now, I have at least the impression that you entries are more aggressive and more based on individual candles at struture levels. Maybe I miss something. PS: Do not get me wrong, most of the time these entries are at the end perfect, but I am looking at them in order to enhance my skills and learn from them.
I follow order flow and expectations and I use market harmonics to align myself with the first two elements. As price approaches my area of interest or the PRZ my focus turns more to the order flow and the bar by bay as it helps me see what I want to see to try and time the entry better. Make sure you can attend the live stream on the 18 so you can appreciate this better.
If you fail to plan, you plan to fail.
  • #23,518
  • Jan 10, 2017 3:39pm Jan 10, 2017 3:39pm
Quoting rocky
{quote} YM 03-17 (4000 Volume) 1_10_2017.jpg;2134199 {image}
Thanks Rocky, I knew an imbalance would favor the bears they just had way more orders accumulated in the area and it was just a matter of time. Let's keep punishing the market this year is going to be epic!
If you fail to plan, you plan to fail.
  • #23,519
  • Jan 10, 2017 3:40pm Jan 10, 2017 3:40pm
Quoting Mr. Pip
{quote} My second entry was a rescue mission the short video I posted earlier today explains it and the next trade in a brief way. If you need a more technical explanation just let me know and I will put something together. I was looking at the longer term and the fact that imbalance should favor the bears I just didn't time my first couple of entrances properly. I managed to take 96 out of 111 point that the swing offered. That is pretty awesome beginners luck I guess.
Beginners luck. Lol. Experience I think.

I watch the video and I understand your thought process and reasoning. I underestimate the weak nsh. Either way, my chart never gave me a good reason to accompany you on the trade.

Looking at it, I wasn't really quite sure where the turning point might be and waited for information that the market never provided. Oh well, maybe tomorrow
  • #23,520
  • Jan 10, 2017 3:59pm Jan 10, 2017 3:59pm
Quoting Mr. Pip
{quote} I follow order flow and expectations and I use market harmonics to align myself with the first two elements. As price approaches my area of interest or the PRZ my focus turns more to the order flow and the bar by bay as it helps me see what I want to see to try and time the entry better. Make sure you can attend the live stream on the 18 so you can appreciate this better.
I will definitely be present at the live stream.

I currently try to better manage a given trade through properly trailing. Hence, I trade with the minimum (1$/point) in order to not be distracted from money. In case of a loss, I increase my lot for a scalp. I renewed also my mobile internet (when not at home), but it will take several days to get the new simcard.
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