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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

  • #23,641
  • Jan 13, 2017 11:45am Jan 13, 2017 11:45am
Quoting Mr. Pip
Well traders that's it for me today. Heading out to lunch . Let me know how following alone worked for you. Was there value? Was it over your head? Waste of time? Sound off let me have it. I hear a bunch of crickets!
I can only speak for myself but I take this very seriously and I'm committed on getting better. Thank you for your support and interaction. I use both videos and your (as well as others) dialogue on this forum to sharpen my own skill and increase knowledge. I've been here for 3 years and I'm still learning thinks.

People learn through different methods. Via reading/ hands on/ visual/ social etc.... I particular learn better through visual and hands on which makes the videos awesome. Its most effective for me especial with repetition and time constraints. (plus I can watch them while I'm in the hot tub )

But I do pick up tid bits of information through your dialogue here plus it allows me to ask questions. which I am super grateful for and I hope to repay that gratitude in the future some how.

I do go back from time to time, especially lately with your increased activity and go thru your post and dissect each interpretation of levels, price and strength. Ones that stand out, I add to my journal for repetitive review. (I hope you don't mind). I'm hoping greatness is through repetition cause I do a lot of it.

Edit: Sorry I dont participate more. our trading TF's are different, I'm only able to participate in the afternoons. I know. Super difficult to trade but it is what it is.
  • #23,642
  • Edited 12:10pm Jan 13, 2017 11:58am | Edited 12:10pm
This is what I kind of want to see. I'm aware that its friday afternoon and sometime price doesn't behave rationally later in the session. So, I'll be cutting myself off and just monitor 1.5 - 2 hours before the close.

US30 -89T
S/T order flow is bearish and has some room before I anticipate Bulls re-entering. with these wide swings, you got to believe both Bulls and Bears are willing to enter this market. the only real variable should be value.

Friday January 13, 2017 game plan....... wooooooo Halloween came real early save the tricks and give me some treats.

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I ignored the long. I'm thinking the Higher probability set up is with the shorts right now. waiting for price to come to me. A lot of challenges so I'll be managing any trade aggressively
  • #23,643
  • Edited 1:34pm Jan 13, 2017 12:45pm | Edited 1:34pm
Quoting Mr. Pip
Well traders that's it for me today. Heading out to lunch . Let me know how following alone worked for you. Was there value? Was it over your head? Waste of time? Sound off let me have it. I hear a bunch of crickets!
I could not follow your explanation in live, since I am still waiting for my new mobile simcard. However, this type of information on "how to interpret market" is very usefull. Thank you a lot for doing it.

From an intraday perspective I still have some trouble. Yesterday we produced an intraday NSL and today we tested the high. Since we expect that the high holds (unless approached with a lot of strength), it is therefore wise to look for a short opportunity. To be honest, I would not have expect such a big retest of the highs after such a clear NSL. Moreover, after such an up move , I would have concluded that bears should not have allowed this and would be in the back of my mind more looking for a long (I see that it would be wrong).
  • #23,644
  • Jan 13, 2017 1:34pm Jan 13, 2017 1:34pm
Quoting Mr. Pip
Well traders that's it for me today. Heading out to lunch . Let me know how following alone worked for you. Was there value? Was it over your head? Waste of time? Sound off let me have it. I hear a bunch of crickets!
It is fascinating...we all are looking at the same charts and see the same things but interpret them different and make different decisions.

For me this kind of live sessions are more valuable than watching 100s of youtube videos or reading 100s of threads.

Here are my trades. I took the long and really was sweating. I took a small loss of 5 pips and went immediatly short on the drop This short was stupid, it was based on no analysis. I simply didn't want to see the train leaving without me. After some minutes I realized that this entry was a total disaster and that we were in a buyers zone. I went long after the double bottom had formed and moved my sl aggressively.

I got -5, -4 and +7 which makes a -2 for today.

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  • #23,645
  • Jan 13, 2017 1:34pm Jan 13, 2017 1:34pm
Don't get me wrong guys, it's not that I need the attention. But when I don't see participation or questions being asked I can't help but feel like I may be wasting my time. What I do is for your benefit not mine for your growth and development. Just venting. I teacher likes to see student participation. It's how he sees if the information is getting through and what we need to work on.
If you fail to plan, you plan to fail.
  • #23,646
  • Jan 13, 2017 1:38pm Jan 13, 2017 1:38pm
if not today in the next week.
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if you're doing we all have results with all
  • #23,647
  • Jan 13, 2017 1:39pm Jan 13, 2017 1:39pm
Quoting Mack2013
This is what I kind of want to see. I'm aware that its friday afternoon and sometime price doesn't behave rationally later in the session. So, I'll be cutting myself off and just monitor 1.5 - 2 hours before the close. US30 -89T S/T order flow is bearish and has some room before I anticipate Bulls re-entering. with these wide swings, you got to believe both Bulls and Bears are willing to enter this market. the only real variable should be value. Friday January 13, 2017 game plan....... wooooooo Halloween came real early save the tricks and give...
Just wanted to say i like your analysis and levels. Your charts seem so clear and your plan easy to grasp. I have seen a lot of progress on that front since last year. Bravo!
  • #23,648
  • Jan 13, 2017 1:47pm Jan 13, 2017 1:47pm
Quoting Mr. Pip
Don't get me wrong guys, it's not that I need the attention. But when I don't see participation or questions being asked I can't help but feel like I may be wasting my time. What I do is for your benefit not mine for your growth and development. Just venting. I teacher likes to see student participation. It's how he sees if the information is getting through and what we need to work on.
Your time here is extremely valuable and helpful! I second what Mac is saying in that our timeframes (and instruments) are different. I am looking forward to one day trading full time - trading futures alongside you. Currently a lot of my trading is either early morning or Asian session spot forex. This will be the case until I can build enough capital to feel comfortable taking the leap from the day job and trade futures.

I frequently visit this thread and read every nugget that you have to offer and read other traders analysis as well.

What you are providing freely is a valuable gift and you have my deepest gratitude.
  • #23,649
  • Jan 13, 2017 2:00pm Jan 13, 2017 2:00pm
Quoting Mr. Pip
Don't get me wrong guys, it's not that I need the attention. But when I don't see participation or questions being asked I can't help but feel like I may be wasting my time. What I do is for your benefit not mine for your growth and development. Just venting. I teacher likes to see student participation. It's how he sees if the information is getting through and what we need to work on.
I think that there aren't many questions to be answered because you have provided great content and you just "practice what you preach". If a more complicated situation arises I'm sure that there will be participation. I enjoy studying your posts after the session has passed to see what my thought process was compared to yours. And I'm sure many people value them also ...or there wouldn't be 60+ traders in the thread.
  • #23,650
  • Jan 13, 2017 2:16pm Jan 13, 2017 2:16pm
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  • #23,651
  • Jan 13, 2017 2:16pm Jan 13, 2017 2:16pm
XAUUSD
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if you're doing we all have results with all
  • #23,652
  • Jan 13, 2017 2:27pm Jan 13, 2017 2:27pm
Quoting jandarana
{quote} It is fascinating...we all are looking at the same charts and see the same things but interpret them different and make different decisions. For me this kind of live sessions are more valuable than watching 100s of youtube videos or reading 100s of threads. Here are my trades. I took the long and really was sweating. I took a small loss of 5 pips and went immediatly short on the drop This short was stupid, it was based on no analysis. I simply didn't want to see the train leaving without me. After some minutes I realized that this entry...
Having clearly defined areas of interests will help you be patient and prevent impulsive trades as well as chasing after price. Get a feel for what areas must be defended and by who and look for opportunities there.
If you fail to plan, you plan to fail.
  • #23,653
  • Jan 13, 2017 2:45pm Jan 13, 2017 2:45pm
Quoting Mr. Pip
Don't get me wrong guys, it's not that I need the attention. But when I don't see participation or questions being asked I can't help but feel like I may be wasting my time. What I do is for your benefit not mine for your growth and development. Just venting. I teacher likes to see student participation. It's how he sees if the information is getting through and what we need to work on.
Today is Friday so maybe a lot of traders done for the day. I am reading each of your posts and seeing how I can incorporate them into my trading. I also have a lot of pages to go through after 780, but I am following along now. Thank you for sharing, it helps me to reinforce what I already know, also the parts that I have missing in trading the 5 min much better. I am getting 3R 4R 6R and even 10R opportunities intraday. Keep rocking it brother
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #23,654
  • Jan 13, 2017 3:07pm Jan 13, 2017 3:07pm
Quoting crixus
{quote} Just wanted to say i like your analysis and levels. Your charts seem so clear and your plan easy to grasp. I have seen a lot of progress on that front since last year. Bravo!
Thank you. Usually I have a problem with my charts getting overloaded with information. especially structure. Theres just so much to take into account

Anyway, the game plan idea is not knew. Similar to a daily outlook but it was suggested to me to incorporated in my morning routine. Set a game plan at the beginning of the day, print it out and see how you did in terms of disciplined and accuracy. I feel this will help strengthen my game.

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exited for +8
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Just noticed that there's a lot of "I Don't like this" & "I don't like that". Man, I must be in a negative mood haha
  • #23,655
  • Jan 13, 2017 3:16pm Jan 13, 2017 3:16pm
Quoting Mack2013
{quote} Thank you. Usually I have a problem with my charts getting overloaded with information. especially structure. Theres just so much to take into account Anyway, the game plan idea is not knew. Similar to a daily outlook but it was suggested to me to incorporated in my morning routine. Set a game plan at the beginning of the day, print it out and see how you did in terms of disciplined and accuracy. I feel this will help strengthen my game. Chart3.png;2139865 exited for +8 Chart4.png;2139867 Just noticed that there's a lot of "I Don't like...
It is Friday the 13th. (do not know if in US/Canada), it is also perceived of a day were unexpected (often negative) things happens.
  • #23,656
  • Jan 13, 2017 3:17pm Jan 13, 2017 3:17pm
Quoting rocky
YM 03-17 (233 Volume) 1_13_2017.jpg;2139826 {image}
haha. that just put a smile on my face. thank you sir. have a good weekend
  • #23,657
  • Jan 13, 2017 3:20pm Jan 13, 2017 3:20pm
Quoting evocpr19
{quote} It is Friday the 13th. (do not know if in US/Canada), it is also perceived of a day were unexpected (often negative) things happens.
not necessarily negative but I like to think strange..... uhm I'm going to get a lotto ticket

just my interpritation

have a good weekend my friend
  • #23,658
  • Jan 13, 2017 3:25pm Jan 13, 2017 3:25pm
Quoting jarfx05
if not today in the next week.99.png;2139785999.png;2139798 {image} {image}
good luck.

keep us updated win, lose or draw
  • #23,659
  • Jan 13, 2017 7:10pm Jan 13, 2017 7:10pm
Quoting eaglestar
{quote} Today is Friday so maybe a lot of traders done for the day. I am reading each of your posts and seeing how I can incorporate them into my trading. I also have a lot of pages to go through after 780, but I am following along now. Thank you for sharing, it helps me to reinforce what I already know, also the parts that I have missing in trading the 5 min much better. I am getting 3R 4R 6R and even 10R opportunities intraday. Keep rocking it brother
I will try man!
If you fail to plan, you plan to fail.
  • #23,660
  • Jan 14, 2017 7:53am Jan 14, 2017 7:53am
Question for you guys on YM, last Friday.

I took one of Mack2013's charts and showed where i would have tried to go long (see 3 blue arrows) at that time given price structure. Basically, i had identified the white zone acting as my line in the sand, i.e., above this zone i was bullish, below i would have turned bearish. Exception to this would have been a near double top where i would have changed my mind and probably go short at this double top with first target at the white zone (line in the sand).

Do you see something faulty in my analysis? I considered the pull back to the white zone as an AB=CD formation. I do not trade the YM but the ES and Friday the ES broke a major descending trendline to the upside so maybe i was influenced by my bullish bias on the ES.

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