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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

  • #23,961
  • Jan 23, 2017 10:19am Jan 23, 2017 10:19am
Quoting Mr. Pip
{quote} This is a very retail way of trading. Would you rather find better pricing by understanding order flow breakdown and expectation failures?
Dont worry Mr Pip I've read assimilated and incorporated everything you've taught so far and that fits in with my style all very useful and for which I'm most grateful but certain patterns have a high probability of success: the last long I scalped out at the supply zone now I'm short after the double top breakout failure that could be described as 'retail' but it still has a high probability of success.
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  • #23,962
  • Jan 23, 2017 10:22am Jan 23, 2017 10:22am
Quoting Mr. Pip
{quote} Don't think like that we don't trade on luck and we don't guess. Square up soldier believe in yourself and in your developing process. Hold price accountable to the expectation. If it fails see if you have made a mistake you know have the date that would tell you if you did. Then realign yourself and press on.

Thanks Mr. Pip. I hope you didn't interpret my earlier post as I was "trading with emotional guesses and being lucky at gambling". What I meant was that my structure analysis and order flow analysis have been very good last days of past week. I didn't do any trade that was "not on the rules book". It was sort of "structure analysis + order analysis + areas/zones" all coming together finally as one ! Attending you past wednesday live trade stream sort of clicked this for me.

But what I need more practice, so that I can be consistent.
  • #23,963
  • Jan 23, 2017 10:58am Jan 23, 2017 10:58am
Would you consider a short here a reasonable trade based on your rules Mr Pip? its in the PRZ of the last down leg and after a failed breakout we often get a 2 legged retracement
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  • #23,964
  • Jan 23, 2017 11:25am Jan 23, 2017 11:25am
Target hit using precisely your method Mr Pip(I think) Done for the day good luck all
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  • #23,965
  • Jan 23, 2017 11:38am Jan 23, 2017 11:38am
Good morning

US - 62T

This is what i'm looking at this morning and what I'm looking for. S/T Order flow is currently bearish but weakening and after L/T put in a NSH (even tho it was weak) I'm expecting some bullish pressure to contribute. So until theres evidence of Bulls going to play or if bears exzibit strength, i'll be sitting on my hands

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  • #23,966
  • Jan 23, 2017 12:35pm Jan 23, 2017 12:35pm
Quoting rocky
ES 03-17 (2584 Volume) 1_20_2017.jpg;2149269 {image}
Sorry to see you go but respect your decision - Your posts have always been very valuable....trade well
It's a dirty job but someone's gotta do it!
  • #23,967
  • Jan 23, 2017 1:20pm Jan 23, 2017 1:20pm
Quoting Ren1058
Would you consider a short here a reasonable trade based on your rules Mr Pip? its in the PRZ of the last down leg and after a failed breakout we often get a 2 legged retracement {image}
Yes looking for a one to one complex correction. Then I would look for the long around the completion.
If you fail to plan, you plan to fail.
  • #23,968
  • Jan 23, 2017 1:45pm Jan 23, 2017 1:45pm
Quoting Mack2013
Good morning US - 62T This is what i'm looking at this morning and what I'm looking for. S/T Order flow is currently bearish but weakening and after L/T put in a NSH (even tho it was weak) I'm expecting some bullish pressure to contribute. So until theres evidence of Bulls going to play or if bears exzibit strength, i'll be sitting on my hands Chart.png;2152015 {image}
Looks like that 62t on the CFD is closer to our 233t on the future, how are you liking it?
  • #23,969
  • Jan 23, 2017 1:46pm Jan 23, 2017 1:46pm
Quoting Ren1058
Target hit using precisely your method Mr Pip(I think) Done for the day good luck all {image}
Nice work. Looks like strong momentum and volume you probably could have had more but very nice.
If you fail to plan, you plan to fail.
  • #23,970
  • Jan 23, 2017 2:25pm Jan 23, 2017 2:25pm
Quoting jmezz
{quote} Looks like that 62t on the CFD is closer to our 233t on the future, how are you liking it?
good. still working with it. gives the same signals usually but at a better R:R. My average risk is higher then I like it to be. Expected R:R is about 1.5 but my actual R:R is a more like 1.0. My exits are okay and I'm comfortable with so its my risk and entries that needs some tayloring.
  • #23,971
  • Jan 23, 2017 4:05pm Jan 23, 2017 4:05pm
Quoting Mack2013
Good morning US - 62T This is what i'm looking at this morning and what I'm looking for. S/T Order flow is currently bearish but weakening and after L/T put in a NSH (even tho it was weak) I'm expecting some bullish pressure to contribute. So until theres evidence of Bulls going to play or if bears exzibit strength, i'll be sitting on my hands Chart.png;2152015 {image}
+18

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  • #23,972
  • Jan 23, 2017 5:07pm Jan 23, 2017 5:07pm
Quoting Mr. Pip
{quote} It would definitely offer you the best RR but price may just not get there. It would not be crazy to look for an entry in your first demand zone just enter with a smaller position size and give yourself some options.
Yes I think it makes sense to enter 1/2 position at the first area with a smaller stop (below the level which we expect to hold) to get a favorable R:R ratio.
From what I've see recently, you would put your stop still below the main swing?
To me it doesn't make sense to enter on a shallow pullback and to put the stop below the recent LH/HL because then the risk is too big, even with smaller size. I would probably prefer to enter 1/2 position with SL at a reasonable level if the move was strong and we don't expect a deep retracement and then in case price does continues to retrace I would enter at a deeper level with the remaining 1/2 position with the correct technical stop (LH/HL).
In that case I take the first hit and if both position fail (expectation failure) then I still lose only 1 full R but if I'm right (no deep RT) then I still get 2R but only with half position, which is still good to me. Anyway in the end trade management is different for each trader, so just a little detail.


Quoting juriFX
Trying to understand and train this trend expectation and order flow trading approach to see how I can integrate this knowledge in my trading plan. There's so much free quality content around, especially in this thread. Going to focus here for a while, hope you don't mind my charts and please comment if you see any mistakes or have a different opinion. The best learning experience is when you teach EU 5m eu 5m.png;2151134 After the strong move up, not so much convinced to see such a deep RT. But for a good R:R I'm not looking for an entry...
EU result, no entry, not deep enough
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Quoting juriFX
{quote} (USDJPY continued) Short term aligning with longer term expectation? uj 5m short term.png;2151408 Bears have still some volume but weakening, I'm long now. EDIT: and now this rotation candle showed up uj rotation.png;2151436 {image} {image}

USDJPY result, expectation failure, -1R
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A bit unfortunate as the short term OF made a NSH but I was managing the trade on the longer term OF.
Looking back, there was still too much selling pressure I guess, and maybe playing the short term OF was the better choice.
Let's try again tomorrow
the 3rd wave is the crowd's wave
  • #23,973
  • Jan 23, 2017 11:25pm Jan 23, 2017 11:25pm
Quoting Mr. Pip
{quote} The issue with your second trade was that price had made a NSL and you trades against that expectation.
Thank You Mr.Pip. Yes that was also what I came with reviewing the day.
Did you notice also something wrong with the other two losing trades?
Thank you very much for your time.
maxx
If you quit, it is NEVER going to happen...
  • #23,974
  • Jan 24, 2017 3:13am Jan 24, 2017 3:13am
EURUSD 5m long
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Was not expecting a deep RT after the good projection, so on decent buying sign I went long with stop below just the 0.786.
the 3rd wave is the crowd's wave
  • #23,975
  • Jan 24, 2017 3:23am Jan 24, 2017 3:23am
Quoting juriFX
EURUSD 5m long eu 5m long.png;2153080 Was not expecting a deep RT after the good projection, so on decent buying sign I went long with stop below just the 0.786. {image}
This is how i look at it. short in play
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  • #23,976
  • Jan 24, 2017 3:24am Jan 24, 2017 3:24am
The bear candles strong with good size
  • #23,977
  • Jan 24, 2017 6:05am Jan 24, 2017 6:05am
Quoting Mack2013
{quote} Good morning This would be my interruptation of the price action and swings. with the benefit of hindsight of course. its much more difficult in real time. I believe your main error came from your nsl which gave you the conclusion to expect more mores up and a bullish bias..... heres why I hope this helps Chart.png;2149806 {image}
Thanks MACK
Empower Your Mind
  • #23,978
  • Jan 24, 2017 7:48am Jan 24, 2017 7:48am
Quoting rocky
{quote} ES 03-17 (4000 Volume) 1_17_2017.jpg;2144480 {image}
Rocky,

Wanted to update and say thank you for this. For me, this clarifies which swings to anchor your points to.

I'm noticing that often price will return to that median line, which I can see benefit to when I take countertrend, mean-reversion trades.

Going to look further into this.
  • #23,979
  • Jan 24, 2017 7:54am Jan 24, 2017 7:54am
Eur 5min turning at 61.8 lets see if it gets any momentum
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The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #23,980
  • Jan 24, 2017 7:57am Jan 24, 2017 7:57am
Took this ABCD , at D for long . hit tatget 40 + Pips . amazing accuracy at D (PRZ) and amazing accuracy at target too . few pips below 61% i closed it

Thanks Mr. Pips. never sow such accuracy before

You can see green Arraow my enter and red my exist . live trade
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