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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

  • #24,081
  • Jan 25, 2017 10:15pm Jan 25, 2017 10:15pm
Quoting Mr. Pip
Got taken out by a point hope it does not shoot up or I'll be pissed first trade +16 points next. {image}
Thats rough. but like you said rules are rules and it was a win
  • #24,082
  • Jan 25, 2017 10:21pm Jan 25, 2017 10:21pm
Quoting Mr. Pip
How does Feb 21 sound for the live stream I thought about the 14 but it's valentines day here in the states.
Feb 21 works for me
  • #24,083
  • Jan 25, 2017 10:41pm Jan 25, 2017 10:41pm
AU , we will have ABCD soon
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  • #24,084
  • Jan 26, 2017 12:25am Jan 26, 2017 12:25am
Hello Mr. Pip

Your last lesson was once again priceless. Unfortunately I was not able to join live. Overall I have learned a lot from your posts and videos and I am very happy for your continuous support. I am in the process of leaving forex and moving to futures through NJ like you do. I have seen the options regarding brokers through NJ and I would appreciate your opinion on this. More specifically NJ provide either Dorman or Philip capital. Even though I have done my research, your opinion will certainly add value in my decision making process. Thank you in advance for the help.
  • #24,085
  • Jan 26, 2017 4:06am Jan 26, 2017 4:06am
Quoting kelvinyun
What is rotation? I'm confused... Is it the same as the "bullish engulfing" and "bearish engulfing" patterns? Any of the patterns below? rotation.jpg;2156908 {image}
I'm no expert but from the video lessons I understand rotation in the following way.
When you want to enter on a retracement for a new expectation you want the timing to be as accurate as possible.
The bar by bar video was really helpful here. Basically, in an uptrend example, the bears must show some sign of exhaustion, meaning they lose strength (less volume bars and momentum, decreasing pitch and increasing depth and decreasing projection on approach to your area of interest).
Then once the bulls come into the market with decision you often see a rotation candle with good volume (greater volume than bear bars on approach) and most importantly you don't want to see price trading below the open of the bullish candle because then it means there are still some sellers and could take price lower.

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Hopefully someone more experienced can correct me if I'm wrong.
the 3rd wave is the crowd's wave
  • #24,086
  • Jan 26, 2017 6:35am Jan 26, 2017 6:35am
Very slow morning trying to trade the Dax cash.
Market is still in an upward direction at the moment so I was looking for long positions.
Entered after bullish bar at 50% retrace and the support of the lows from 8am.

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Market was moving very slow so as it pushed above the 11870 I protected my position as neither bulls or bears looked that strong and could reverse very easily.
Stopped out as price fell back which is fine it was that slow I had lost confidence in price pushing higher.

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Pretty much a breakeven day which I am ok with as I stuck to my rules.
Hope everyone else found some good trades today.
Oh Crap I've done it again
  • #24,087
  • Jan 26, 2017 7:07am Jan 26, 2017 7:07am
Quoting x3m-PippiN
{quote} Do you mean the whole leg is giving us a clue or just the way it reacted in the magenta rectangles?
x3, Sorry for the late response!

the first magenta rectangle (area) shows that price failed to go higher. After that price 'took out 2 of the HL's. And yes there was a long at the trend line reaction

hope this helps

trade well
It's a dirty job but someone's gotta do it!
  • #24,088
  • Jan 26, 2017 7:37am Jan 26, 2017 7:37am
Quoting LaBoca
{quote} x3, Sorry for the late response! the first magenta rectangle (area) shows that price failed to go higher. After that price 'took out 2 of the HL's. And yes there was a long at the trend line reaction hope this helps trade well
No problem. I appreciate your posts very much.

Yes the reaction at the TL was very tempting but it wasn't a valid entry according to my rules.
  • #24,089
  • Jan 26, 2017 8:12am Jan 26, 2017 8:12am
I'm sorry Traders that I did not have an opportunity to catch up yesterday these last couple of weeks have been real shitty for me with this killer cold and having to care for my wife in the last few weeks of her pregnancy. I will do my best to catch up today. But I want to encourage you to keep posting I will get to it. I'm about 5 pages behind on questions and hopefully ZI will be able to knock that out some time today.
If you fail to plan, you plan to fail.
  • #24,090
  • Jan 26, 2017 8:13am Jan 26, 2017 8:13am
Hello Damian, Thank you very much for sharing this knowledge, Im new to it, here I post a CL chart, please all correct me if Im wrong, should I look only for longs?
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Andres
  • #24,091
  • Jan 26, 2017 8:19am Jan 26, 2017 8:19am
Today's zone are all based on yesterday's action. We are in no man's land and the both bears and bulls are being aggressive. Let's see what happens today. No real schedules volatility today bias for the day based on expectations is bullish but with serious caution as the bears are piling up you may see me trade against the expectation today. I will wait for the open and see whats is resting.
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If you fail to plan, you plan to fail.
  • #24,092
  • Jan 26, 2017 8:28am Jan 26, 2017 8:28am
Quoting Mr. Pip
Today's zone are all based on yesterday's action. We are in no man's land and the both bears and bulls are being aggressive. Let's see what happens today. No real schedules volatility today bias for the day based on expectations is bullish but with serious caution as the bears are piling up you may see me trade against the expectation today. I will wait for the open and see whats is resting. {image}
interesting your approach here. I'm thinking to go long at the second S zone if market makes it there. it coincides with a perfect 1/1 move down at a level which should hold...
  • #24,093
  • Jan 26, 2017 8:28am Jan 26, 2017 8:28am
Two minutes till go time Sellers are looking healthy today despite the expectation
If you fail to plan, you plan to fail.
  • #24,094
  • Jan 26, 2017 8:34am Jan 26, 2017 8:34am
Quoting Mr. Pip
Two minutes till go time Sellers are looking healthy today despite the expectation
i'm always contrarily but to me it looks like that 20010 is holding
  • #24,095
  • Jan 26, 2017 8:34am Jan 26, 2017 8:34am
Nice rotation good RR however not to optimistic about the health status of the bulls.
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If you fail to plan, you plan to fail.
  • #24,096
  • Jan 26, 2017 8:38am Jan 26, 2017 8:38am
I let the short signal pass to because I still don't have the information I need to make the decision. Might have lost the first opportunity but I'm ok with that
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If you fail to plan, you plan to fail.
  • #24,097
  • Jan 26, 2017 8:39am Jan 26, 2017 8:39am
Quoting ujku80
{quote} i'm always contrarily but to me it looks like that 20010 is holding
Trying to
If you fail to plan, you plan to fail.
  • #24,098
  • Jan 26, 2017 8:45am Jan 26, 2017 8:45am
Would have been a great trade.
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If you fail to plan, you plan to fail.
  • #24,099
  • Jan 26, 2017 8:45am Jan 26, 2017 8:45am
They are defending the round number
If you fail to plan, you plan to fail.
  • #24,100
  • Jan 26, 2017 8:45am Jan 26, 2017 8:45am
Quoting Mr. Pip
{quote} Trying to
apparently i was wrong
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