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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

  • #23,741
  • Jan 17, 2017 11:54am Jan 17, 2017 11:54am
Quoting LaBoca
Tough trading. She was teaching me a lesson today! {image} {image} {image}
game is still on
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-17 (233 Tick) 17_01_2017_chart 2.jpg Size: 60 KB
  • #23,742
  • Jan 17, 2017 12:11pm Jan 17, 2017 12:11pm
Quoting Mr. Pip
{quote} Hello my friend, Forex intraday can move pretty fast from time to time. I would stick to the major but away fro chf crosses even on the majors seriouse games are played at the retail traders expense. Intraday up to 5 min that being the favorite intraday. 10 min can work but from an intraday standpoint you want to get well priced entries to have a good RR. Anything beyond the 10 min and you might be holding onto those trades on occasion into the next day as the order flow for those time frames benefits the the longer term order flow. That...
Excellent and Thanx for your Advice it makes sense.

Im really excited to attend your live stream tomorrow!
  • #23,743
  • Jan 17, 2017 12:23pm Jan 17, 2017 12:23pm
Shorted at the arrow, lets see if it can come down a bit.
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #23,744
  • Jan 17, 2017 1:22pm Jan 17, 2017 1:22pm
Quoting eaglestar
Shorted at the arrow, lets see if it can come down a bit. {image}
i think it will come down, but I'm afraid u're too ambitious

Don't forget u're trading against trend there (at least that's what i see from your chart).
  • #23,745
  • Jan 17, 2017 2:24pm Jan 17, 2017 2:24pm
Attached Image (click to enlarge)
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  • #23,746
  • Jan 17, 2017 2:50pm Jan 17, 2017 2:50pm
Quoting eaglestar
Shorted at the arrow, lets see if it can come down a bit. {image}
I took the same one with reduced contract size. Was a bit risky, but worked out really well .
  • #23,747
  • Jan 17, 2017 2:56pm Jan 17, 2017 2:56pm
Quoting rocky
ES 03-17 (4000 Volume) 1_17_2017.jpg;2144234 {image}
Hey rocky,

can you maybe show the footprint imbalance for the YM? Should be similar, no?
  • #23,748
  • Jan 17, 2017 3:07pm Jan 17, 2017 3:07pm
Quoting stavrogijn
{quote} Hey rocky, can you maybe show the footprint imbalance for the YM? Should be similar, no?

Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-17 ( OFA™ 14_3 ) 1_17_2017.jpg Size: 160 KB
  • #23,749
  • Jan 17, 2017 3:08pm Jan 17, 2017 3:08pm
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  • #23,750
  • Jan 17, 2017 4:14pm Jan 17, 2017 4:14pm
Hi all I'd appreciate any feedback on the below setup

the large bluezone below is the 61-78 fib of a longer term upleg which we have pulled back to and printed a new structure high, which is the swing we are currently trading within.

We are close to completing 2x 1:1 harmonic legs down into previous low with bears losing momentum, I'm looking for a long rotation here with a stop below the 78fib of the major upleg. thoughts on this setup and approach? Many thanks
Wig
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Bulls nor Bears may hide their intent.
  • #23,751
  • Jan 17, 2017 4:25pm Jan 17, 2017 4:25pm
Quoting wigtrade
Hi all I'd appreciate any feedback on the below setup the large bluezone below is the 61-78 fib of a longer term upleg which we have pulled back to and printed a new structure high, which is the swing we are currently trading within. We are close to completing 2x 1:1 harmonic legs down into previous low with bears losing momentum, I'm looking for a long rotation here with a stop below the 78fib of the major upleg. thoughts on this setup and approach? Many thanks Wig {image}
You know I'm on the fence on this one. The trade does offer good RR. Order flow is breaking down for the bears and there is good support as price recently reacted very nicely to the level. The expectation is for a NSH. I don't like how the bears have been allowed almost a 100% correction. It's unreasonable to expect the bulls to carry price into the expectation. I always hold price to the expectation until it has failed. In this particular situation what you end up with is a structure support area trade. The area is expected to hold and price shows weakening on the attack.
If you fail to plan, you plan to fail.
  • #23,752
  • Jan 17, 2017 4:43pm Jan 17, 2017 4:43pm
Quoting Mr. Pip
{quote} You know I'm on the fence on this one. The trade does offer good RR. Order flow is breaking down for the bears and there is good support as price recently reacted very nicely to the level. The expectation is for a NSH. I don't like how the bears have been allowed almost a 100% correction. It's unreasonable to expect the bulls to carry price into the expectation. I always hold price to the expectation until it has failed. In this particular situation what you end up with is a structure support area trade. The area is expected to hold and...
Thank you, would you tend to pass up on this type of opportunity due to the deep retrace by the bears? If so at what point would you then continue to look for longs?

When entering this type of trade I want to see a HH then look to enter on a pullback and rotation around the 61-78 of the upleg that produced the HH.
Bulls nor Bears may hide their intent.
  • #23,753
  • Jan 17, 2017 5:00pm Jan 17, 2017 5:00pm
Quoting wigtrade
{quote} Thank you, would you tend to pass up on this type of opportunity due to the deep retrace by the bears? If so at what point would you then continue to look for longs? When entering this type of trade I want to see a HH then look to enter on a pullback and rotation around the 61-78 of the upleg that produced the HH.
Getting the shorter term or immediate order flow NSH is not a bad thing but it negatively affects the RR. I would either take the trade with a smaller position size and reduce risk as soon as possible. It's not a trade that I would not take. But my priority would be to secure a risk free position.
If you fail to plan, you plan to fail.
  • #23,754
  • Jan 17, 2017 5:40pm Jan 17, 2017 5:40pm
Quoting Mr. Pip
{quote} Getting the shorter term or immediate order flow NSH is not a bad thing but it negatively affects the RR. I would either take the trade with a smaller position size and reduce risk as soon as possible. It's not a trade that I would not take. But my priority would be to secure a risk free position.
interesting thanks. I've entered long on a pullback to the 61 and rotation on the M1 to optimise RR, because of the potential upside I can afford to close half at 1:1 RR for a risk free trade if we print new highs
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Bulls nor Bears may hide their intent.
  • #23,755
  • Jan 17, 2017 5:51pm Jan 17, 2017 5:51pm
Quoting wigtrade
{quote} interesting thanks. I've entered long on a pullback to the 61 and rotation on the M1 to optimise RR, because of the potential upside I can afford to close half at 1:1 RR for a risk free trade if we print new highs {image}
Good luck man I do like that short term order flow looks like the bulls are there. Let us know how it works out
If you fail to plan, you plan to fail.
  • #23,756
  • Jan 17, 2017 6:22pm Jan 17, 2017 6:22pm
Quoting Mr. Pip
{quote} Good luck man I do like that short term order flow looks like the bulls are there. Let us know how it works out
I've closed half and tightened stop, risk free trade from here!
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Bulls nor Bears may hide their intent.
  • #23,757
  • Jan 17, 2017 7:07pm Jan 17, 2017 7:07pm
Quoting wigtrade
{quote} I've closed half and tightened stop, risk free trade from here! {image}
Nice work.
If you fail to plan, you plan to fail.
  • #23,758
  • Jan 17, 2017 8:33pm Jan 17, 2017 8:33pm
Quoting jmezz
{quote} Rocky have you ever made a post on how you choose which swings to use for your pitchforks and how you use them in general? I don't recall seeing one when I've gone through your thread. If you've made one before then I'll do a better search but if you have some spare time, a quick chart and explanation of how you use them would be cool. Can keep that in your thread too if you like. {quote} I think that original is all you need, gives people the foundation which can serve as standalone or they can fine tune it if needed as they put it into...
Attached Image (click to enlarge)
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  • #23,759
  • Jan 17, 2017 9:20pm Jan 17, 2017 9:20pm
Is my expectation of a NSH correct? Any input would be appreciated. Thanx
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  • #23,760
  • Jan 18, 2017 12:42am Jan 18, 2017 12:42am
Quoting rocky
{quote} YM 03-17 ( OFA 14_3 ) 1_17_2017.jpg;2144260 {image}
Exactly what I was looking for. I appreciate it a lot - this was the first trade I took in one of your imbalance areas and I was interested how it actually looks inside the bars (cause this time I had my own analysis made before the fact).
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