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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

  • #23,581
  • Jan 12, 2017 10:33am Jan 12, 2017 10:33am
Quoting evocpr19
I missed so far the whole down move.
I caught only a small piece but on 6 contracts made a decent $1,290
If you fail to plan, you plan to fail.
  • #23,582
  • Jan 12, 2017 10:38am Jan 12, 2017 10:38am
Quoting Mr. Pip
{quote} I caught only a small piece but on 6 contracts made a decent $1,290
Nice, congrats.
  • #23,583
  • Jan 12, 2017 10:46am Jan 12, 2017 10:46am
Quoting evocpr19
{quote} Nice, congrats.
Makes up for my stupidity yesterday. I know better then taking an impulsive trade. Losing my patience and discipline is not in my trade plan so I was punished.
If you fail to plan, you plan to fail.
  • #23,584
  • Jan 12, 2017 10:48am Jan 12, 2017 10:48am
I'm still trying to figure out if getting short makes sense the bulls may actually wear out the bears here. Tough area to make decisions.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-17 (233 Tick) 2017_01_12.png Size: 58 KB
If you fail to plan, you plan to fail.
  • #23,585
  • Jan 12, 2017 10:50am Jan 12, 2017 10:50am
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-17 (233 Volume) 1_12_2017.jpg Size: 198 KB
  • #23,586
  • Jan 12, 2017 10:55am Jan 12, 2017 10:55am
Quoting rocky
YM 03-17 (233 Volume) 1_12_2017.jpg;2137790 {image}
Nice work Rock!
If you fail to plan, you plan to fail.
  • #23,587
  • Jan 12, 2017 11:00am Jan 12, 2017 11:00am
We can see there are buyers still in the area. They may not be done yet. The market may also slow down farther as it's getting close to lunch time. I'm probably done for the day and come back tomorrow to fight some more. I'll watch a little longer just to see if I was right about the buyers possibly not being done yet.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-17 (233 Tick) 2017_01_12.png Size: 64 KB
If you fail to plan, you plan to fail.
  • #23,588
  • Jan 12, 2017 11:03am Jan 12, 2017 11:03am
See how attention to detail and bar by bar helps you to see beyond the candles. Told you that the buyers may not be done yet. Powerful skill to develop.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-17 (233 Tick) 2017_01_12.png Size: 60 KB
If you fail to plan, you plan to fail.
  • #23,589
  • Jan 12, 2017 11:06am Jan 12, 2017 11:06am
You can see momentum increasing on the bulls and really decreasing on the bears. The bulls are still in trouble but their defense is getting stronger they stand a chance.
If you fail to plan, you plan to fail.
  • #23,590
  • Jan 12, 2017 11:10am Jan 12, 2017 11:10am
Another nice rotation candle but the bulls are looking better now I must be even more patient and not fall for a possible troubled trade. I will watch what happens from the sidelines better.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-17 (233 Tick) 2017_01_12.png Size: 62 KB
If you fail to plan, you plan to fail.
  • #23,591
  • Jan 12, 2017 11:15am Jan 12, 2017 11:15am
Quoting rocky
YM 03-17 (233 Volume) 1_12_2017.jpg;2137790 {image}
Shame those charts have gone....great learning value!
It's a dirty job but someone's gotta do it!
  • #23,592
  • Jan 12, 2017 11:17am Jan 12, 2017 11:17am
Alright guys I will catch up with Mack's question after lunch if there are questions please post them I think I made a video already on supply and demand zones. in the past. Let me find it. It is probably on my other channel I'm going to try and merge them and clean them up but I have to learn how to do that first.

Here it is. Sometimes in range bound markets these S/D areas get slightly larger then we would like. The goal is to keep them small and not end up with too many.

https://youtu.be/EoAtdvVjRtQ
If you fail to plan, you plan to fail.
  • #23,593
  • Jan 12, 2017 11:19am Jan 12, 2017 11:19am
I took the short.

Doesn't look very nice :-/



Attached Image (click to enlarge)
Click to Enlarge Name: Unbenannt.PNG Size: 141 KB


Update: Hit SL
  • #23,594
  • Jan 12, 2017 11:24am Jan 12, 2017 11:24am
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-17 (233 Volume) 1_12_2017.jpg Size: 171 KB
  • #23,595
  • Jan 12, 2017 11:32am Jan 12, 2017 11:32am
nice to see good progress by all
last trade for the day....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2017-01-12 17-19-27.png Size: 89 KB
Click to Enlarge Name: 2017-01-12 17-22-50.png Size: 72 KB
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It's a dirty job but someone's gotta do it!
  • #23,596
  • Jan 12, 2017 11:39am Jan 12, 2017 11:39am
out....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2017-01-12 17-36-58.png Size: 81 KB
Click to Enlarge Name: 2017-01-12 17-38-22.png Size: 90 KB
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It's a dirty job but someone's gotta do it!
  • #23,597
  • Jan 12, 2017 11:45am Jan 12, 2017 11:45am
Quoting jandarana
I took the short. Doesn't look very nice :-/ Unbenannt.PNG;2137827 Update: Hit SL {image}
Yeah sorry that happened to you. Look at my charts. See how you can see buyers were will in the area and how they were putting the hurt on the bears. This was a critical area for the bulls to hold on to.
If you fail to plan, you plan to fail.
  • #23,598
  • Jan 12, 2017 1:31pm Jan 12, 2017 1:31pm
YM -15, +10, +24, +14, -17, +12 = +28 total.

Not thrilled with my trading today.

Notes on chart.

2nd chart showing demand zone I was watching for bounce and 382check.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 165 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 89 KB
  • #23,599
  • Jan 12, 2017 1:45pm Jan 12, 2017 1:45pm
Quoting LaBoca
{quote} Shame those charts have gone....great learning value!
All of his charts are available if you go to his profile page and click on "images" next to "forum attachments".

Just for whatever reason his attachments don't work in his thread.
  • #23,600
  • Jan 12, 2017 2:30pm Jan 12, 2017 2:30pm
Quoting jmezz
YM -15, +10, +24, +14, -17, +12 = +28 total. Not thrilled with my trading today. Notes on chart. 2nd chart showing demand zone I was watching for bounce and 382check. Screenshot1.png;2138000 Screenshot2.png;2138004 {image} {image}
Always a bit a bad taste when a trading day starts with a loss. However, you recovered nicely. Congrats.


I did nothing, since I came late to the charts and later on I had to take care of my kids.
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