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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

  • #23,841
  • Jan 19, 2017 9:29am Jan 19, 2017 9:29am
I am long on YM, entry protected

Update: taken out SL hit; +0,5
  • #23,842
  • Jan 19, 2017 9:30am Jan 19, 2017 9:30am
Let's see if the sellers enter soon this is where they should defend
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-17 (233 Tick) 2017_01_19.png Size: 53 KB
If you fail to plan, you plan to fail.
  • #23,843
  • Jan 19, 2017 9:35am Jan 19, 2017 9:35am
Quoting vqtrader
{quote} Thats exactly where I took it. I based it off the next candle then it gavw weak projection so this shit going to fly north.. Dam it. my buy didnt work out(-32) Also I was in structure. WTF {image}
Slow down James. Go deeper into price. Understand who must defend what wait for price to get there and see if you get bar by bar confirmation.
If you fail to plan, you plan to fail.
  • #23,844
  • Jan 19, 2017 9:36am Jan 19, 2017 9:36am
I'm done for the day 2 wrong desision just cost me $255 and an insufficient fund account WTF!!! I thought I was done doing this shit. Goddam it
Yeah its emotion time.
Empower Your Mind
  • #23,845
  • Jan 19, 2017 9:37am Jan 19, 2017 9:37am
Quoting Mr. Pip
{quote} Nice! You guys are braver and way more aggressive then me.
Fewer contracts might play a role, too.
  • #23,846
  • Jan 19, 2017 9:39am Jan 19, 2017 9:39am
I did not take the short for two reasons 1. I still see that there are buyers in the area. and 2. LOL I was answering a post.

James must feel better now but the bulls may not be finish. Do you all see how I knew that 725 would be defended and I was interested in an entry there look where price turned 727.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-17 (233 Tick) 2017_01_19.png Size: 58 KB
If you fail to plan, you plan to fail.
  • #23,847
  • Jan 19, 2017 9:42am Jan 19, 2017 9:42am
Quoting vqtrader
I'm done for the day 2 wrong desision just cost me $255 and an insufficient fund account WTF!!! I thought I was done doing this shit. Goddam it Yeah its emotion time.
This will not help you regroup. Go for a walk cool off and come back. Call me later today and we will dissect your trades maybe make another video so we can all learn from it.
If you fail to plan, you plan to fail.
  • #23,848
  • Jan 19, 2017 9:50am Jan 19, 2017 9:50am
Let's see if the bulls can try to defend one more time and give us the short. I would expect the bulls to do so but this mango is ripening fast.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-17 (233 Tick) 2017_01_19.png Size: 53 KB
If you fail to plan, you plan to fail.
  • #23,849
  • Jan 19, 2017 9:55am Jan 19, 2017 9:55am
High impact news out in 5
If you fail to plan, you plan to fail.
  • #23,850
  • Jan 19, 2017 9:57am Jan 19, 2017 9:57am
Quoting Mr. Pip
I did not take the short for two reasons 1. I still see that there are buyers in the area. and 2. LOL I was answering a post. James must feel better now but the bulls may not be finish. Do you all see how I knew that 725 would be defended and I was interested in an entry there look where price turned 727. {image}
I had these swings identified as my long term pattern. When price was unable to test for a NSH I took that as weakness and felt energy would be on the sell side.

Cool to get analysis from both sides

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 101 KB
  • #23,851
  • Jan 19, 2017 10:05am Jan 19, 2017 10:05am
Well told you guys the 700 was in serious trouble. I did not get the entry I wanted so nothing for me today. I'll be back later going to pick up the wife.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-17 (233 Tick) 2017_01_19.png Size: 56 KB
If you fail to plan, you plan to fail.
  • #23,852
  • Jan 19, 2017 10:08am Jan 19, 2017 10:08am
Harmonics, Harmonics, Harmonics. Got to love this stuff. I was unproductive today but it's fine. What keeps me successful is that price has to come to me. I don't mind missing trades. Talk to you all later. I will catch up and post.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-17 (233 Tick) 2017_01_19.png Size: 64 KB
If you fail to plan, you plan to fail.
  • #23,853
  • Jan 19, 2017 10:21am Jan 19, 2017 10:21am
Quoting Mr. Pip
Well told you guys the 700 was in serious trouble. I did not get the entry I wanted so nothing for me today. I'll be back later going to pick up the wife. {image}
I havent been able to trade today due to children arrangements, but maybe i get the chance to scalp smth later on tonight when im home.

It seems that market made that nsl intraday after all. However, i'm afraid that area is a strong supply zone, so be careful taking shorts at the zone... guys. My 2cts
  • #23,854
  • Jan 19, 2017 10:26am Jan 19, 2017 10:26am
Quoting vqtrader
I'm done for the day 2 wrong desision just cost me $255 and an insufficient fund account WTF!!! I thought I was done doing this shit. Goddam it Yeah its emotion time.
Ohhh gees, i know how u feel. i've been there myself. Not once, not twice...4 times actually. GL and listen to Damian when tells to stop for today. Come back tomorrow or when u're really cool without emotions. Dont try revenge trading. Its the worse thing to do after that bad luck. GL
  • #23,855
  • Jan 19, 2017 10:31am Jan 19, 2017 10:31am
Quoting vqtrader
I'm done for the day 2 wrong desision just cost me $255 and an insufficient fund account WTF!!! I thought I was done doing this shit. Goddam it Yeah its emotion time.
You may already have this in place but your broker may have the facility to automatically stop you from trading for the day if you reach a 'pre-arranged' daily loss amount.
It's a dirty job but someone's gotta do it!
  • #23,856
  • Jan 19, 2017 11:05am Jan 19, 2017 11:05am
Quoting Mr. Pip
I did not take the short for two reasons 1. I still see that there are buyers in the area. and 2. LOL I was answering a post. James must feel better now but the bulls may not be finish. Do you all see how I knew that 725 would be defended and I was interested in an entry there look where price turned 727. {image}
Hi Damian.

You said you didn't take this sell signal as you still see buyers there, is this because of the bullish candle sending the price up to that are or are there other things you see to add to it?

Hi to everyone in the group.

I have been reading for a couple of weks now and hope to start participating middle of next week.
I managed to be at the live trading yesterday and did find it very good to be watching you trade live and your thoughts on it.

Thanks.
Oh Crap I've done it again
  • #23,857
  • Jan 19, 2017 12:25pm Jan 19, 2017 12:25pm
For those using FXCMs trade station here is a link for range bars that you can simply upload into the indicators and use on the chart, works well http://fxcodebase.com/code/viewtopic.php?f=17&t=3614&hilit=range+bar
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  • #23,858
  • Jan 19, 2017 12:55pm Jan 19, 2017 12:55pm
Quoting oh.crap
{quote}Hi to everyone in the group. I have been reading for a couple of weks now and hope to start participating middle of next week. I managed to be at the live trading yesterday and did find it very good to be watching you trade live and your thoughts on it. Thanks.
Oh crap, welcome to the blogg. I can't resist but telling you that u have such a damn inspiring name and avatar...oh crap, u're the only thing that's missing here. Let's hope for situations where we don't call so much your name (during trading especially).

seriously, gl with trading and hope you're called "thank.god" or "i.nailed.it" or "wall.street.is.my.bitch" etc etc.... cheers
  • #23,859
  • Jan 19, 2017 1:24pm Jan 19, 2017 1:24pm
Quoting Mr. Pip
Harmonics, Harmonics, Harmonics. Got to love this stuff. I was unproductive today but it's fine. What keeps me successful is that price has to come to me. I don't mind missing trades. Talk to you all later. I will catch up and post. {image}
Would have been a nice short.
  • #23,860
  • Jan 19, 2017 2:26pm Jan 19, 2017 2:26pm
Rocky, I was curious if you would possibly share your parameters for your OFA software. I'm playing around with it and was curious.

I'm not able to message you or reply on your other thread due to my 'junior' status, or else I wouldn't post this request here.

Also, GREAT live session Mr. Pip
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