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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

  • #23,761
  • Jan 18, 2017 1:34am Jan 18, 2017 1:34am
Quoting rocky
{quote} YM 03-17 ( OFA 14_3 ) 1_17_2017.jpg;2144260 {image}
A little follow up: Your entry would be the bearish imbalance around 19765. Yes?

What do you make of all the volume traded above the "trapped buyers"? How do you interpret that? I was under the impression that to be trapped the buyers had to be at the top of the swing so to speak.
  • #23,762
  • Jan 18, 2017 3:10am Jan 18, 2017 3:10am
I left this to run overnight, its stalling in the 6178 of major selloff I've closed out manually here for +27pips (+7 +20)
Attached Image (click to enlarge)
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Bulls nor Bears may hide their intent.
  • #23,763
  • Jan 18, 2017 5:17am Jan 18, 2017 5:17am
Quoting stavrogijn
{quote} A little follow up: Your entry would be the bearish imbalance around 19765. Yes? What do you make of all the volume traded above the "trapped buyers"? How do you interpret that? I was under the impression that to be trapped the buyers had to be at the top of the swing so to speak.
Correct, my entry would have been between 19760-19765. The volume traded above the Strong Buying Imbalance does not matter. Once PA closes below the buying momentum with a short trade Imbalance these large buyers are going to panic, They are going to start to feel some pain.

I've said it before, If you can find the "PAIN" in the charts then you have found you edge. Their stops will be hunted by traders with more capital who can push PA down. They will not have a choice, either get out with a small loss or stay in the trade and get your stop hunted by bigger traders. Good job on your analysis.
  • #23,764
  • Jan 18, 2017 6:41am Jan 18, 2017 6:41am
GM Traders,

Today is the live stream. I will be taking my daughter to school and when I get back I will be posting the link here. I am exited about the stream today and I hope we have lots of you all there. See you in about an hour and a bit
If you fail to plan, you plan to fail.
  • #23,765
  • Jan 18, 2017 6:45am Jan 18, 2017 6:45am
Quoting Mr. Pip
GM Traders, Today is the live stream. I will be taking my daughter to school and when I get back I will be posting the link here. I am exited about the stream today and I hope we have lots of you all there. See you in about an hour and a bit
Can't wait!
Bulls nor Bears may hide their intent.
  • #23,766
  • Jan 18, 2017 7:14am Jan 18, 2017 7:14am
Quoting Mr. Pip
GM Traders, Today is the live stream. I will be taking my daughter to school and when I get back I will be posting the link here. I am exited about the stream today and I hope we have lots of you all there. See you in about an hour and a bit
I will be there. Looking forward to it!
  • #23,767
  • Jan 18, 2017 7:24am Jan 18, 2017 7:24am
Quoting Mr. Pip
GM Traders, Today is the live stream. I will be taking my daughter to school and when I get back I will be posting the link here. I am exited about the stream today and I hope we have lots of you all there. See you in about an hour and a bit
I took the day off, I am ready. Hopefully, I will not be in the situation to be in an opposite trade (you are more right than me)
  • #23,768
  • Jan 18, 2017 7:54am Jan 18, 2017 7:54am
Quoting evocpr19
{quote} I took the day off, I am ready. Hopefully, I will not be in the situation to be in an opposite trade (you are more right than me)
I have a coin that is right around 50% of the time.
If you fail to plan, you plan to fail.
  • #23,769
  • Jan 18, 2017 7:55am Jan 18, 2017 7:55am
Quoting Mr. Pip
{quote} I have a coin that is right around 50% of the time.
  • #23,770
  • Jan 18, 2017 7:59am Jan 18, 2017 7:59am
GM Traders,

Here is the link to the live stream. Looking forward to sharing my session with you all. I will be going live in around 15 min. but you can come in a chat till then. I'm going to grab something to drink and open up my chart and get the OSB software going.

http://www.youtube.com/channel/UCy5Zq25cFK3FZeF26wn4m0w/live
If you fail to plan, you plan to fail.
  • #23,771
  • Jan 18, 2017 8:39am Jan 18, 2017 8:39am
YM +18

Shorted minor swing / rejection at onl and bailed before demand zone.

Left money on table.

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  • #23,772
  • Jan 18, 2017 8:59am Jan 18, 2017 8:59am
Quoting eaglestar
Shorted at the arrow, lets see if it can come down a bit. {image}
Looks like spread widened and kicked me out, but would have hit at least TP1. -1R Target2 was 4.5R

Fork changed to Modified Schiff
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #23,773
  • Jan 18, 2017 9:05am Jan 18, 2017 9:05am
Attached Image (click to enlarge)
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  • #23,774
  • Jan 18, 2017 9:50am Jan 18, 2017 9:50am
Quoting ujku80
{quote} 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).
thank you for your feedback.
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #23,775
  • Jan 18, 2017 11:06am Jan 18, 2017 11:06am
Quoting Mr. Pip
GM Traders, Here is the link to the live stream. Looking forward to sharing my session with you all. I will be going live in around 15 min. but you can come in a chat till then. I'm going to grab something to drink and open up my chart and get the OSB software going. http://www.youtube.com/channel/UCy5Zq25cFK3FZeF26wn4m0w/live
Tremendous value. All the traits of a great trader - patience and conviction to your process above all. Perfect stream, thanks a ton!
  • #23,776
  • Jan 18, 2017 11:07am Jan 18, 2017 11:07am
Simply Superb

Aj1
  • #23,777
  • Jan 18, 2017 11:09am Jan 18, 2017 11:09am
Thanks again Damian!
  • #23,778
  • Jan 18, 2017 11:09am Jan 18, 2017 11:09am
Quoting Mr. Pip
GM Traders, Here is the link to the live stream. Looking forward to sharing my session with you all. I will be going live in around 15 min. but you can come in a chat till then. I'm going to grab something to drink and open up my chart and get the OSB software going. http://www.youtube.com/channel/UCy5Zq25cFK3FZeF26wn4m0w/live
It was great. I learned allot about patience. Before I would be too quick to move Stop Loss to Break Even. (emotions- Impatience). Will add that discipline to my trading plan.
Play the hand you were dealt.
  • #23,779
  • Jan 18, 2017 11:12am Jan 18, 2017 11:12am
I had really a Great time following the live stream. Still amazed by your generousity and committment.
Thanks is not enough. Hope one day I can give back and help Others myself.
Whish You Sir the absolute Best. You deserve it.
Massimo
If you quit, it is NEVER going to happen...
  • #23,780
  • Jan 18, 2017 11:12am Jan 18, 2017 11:12am
Great Live session Mr.Pip , wed learned a lot . thanks.
One Q: if you will consider short again based on the structure as it made NSL where it might be? After the the close area of the trade where you took profit price pass it and retest it again as its area of support and buyers might fight there for it ?
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