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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

  • #24,201
  • Jan 26, 2017 12:06pm Jan 26, 2017 12:06pm
Quoting Mr. Pip
That's a pretty mean rotation candle for the bulls. Getting out now erases the losing day but I don't trade to erase a day I trade to make money and trade the expectancy of my trade plan. It is what it is discipline above all else. {image}
well said
  • #24,202
  • Jan 26, 2017 12:06pm Jan 26, 2017 12:06pm
yesterday had a BE trade too. well well...
  • #24,203
  • Jan 26, 2017 12:08pm Jan 26, 2017 12:08pm
Today was not feeling well . two setup i was watcinh hit the target but i was sleeping and dint took the trades .

I took UC, now 15+ green and in direction of the target
Attached Image (click to enlarge)
Click to Enlarge Name: USDCAD m5 (01-26-2017 2205).png Size: 87 KB
  • #24,204
  • Jan 26, 2017 12:11pm Jan 26, 2017 12:11pm
Getting out now erases the losing day but I don't trade to erase a day I trade to make money and trade the expectancy of my trade plan. It is what it is discipline above all else.

Quoting Mack2013
{quote} well said

that's what I call probability thinking. i.e. you always consider what is the probable outcome over a large number of samples, and act accordingly.
  • #24,205
  • Jan 26, 2017 12:12pm Jan 26, 2017 12:12pm
Quoting ujku80
{quote} LOL i had to leave and placed my TP +20, SL -20, and target wasn't hit by a pip. Now that i'm back I'm still on that trade. at the moment, just placed stop to BE. {image}
looks like you are going to make pips
  • #24,206
  • Jan 26, 2017 12:13pm Jan 26, 2017 12:13pm
ohhhh..we finally see some move...extending my target...
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-17 (233 Tick) 26_01_2017_trade progression 2.jpg Size: 62 KB
  • #24,207
  • Jan 26, 2017 12:13pm Jan 26, 2017 12:13pm
Quoting evocpr19
{quote} looks like you are going to make pips
well, let's hope...u never know.
  • #24,208
  • Jan 26, 2017 12:26pm Jan 26, 2017 12:26pm
Looks like I had it right but taken by a few. Still makes me happy even though my day's outcome wasn't optimal that my analysis was correct in a very difficult market. Another testament to the skill set and the impotence of letting price speak to you.
If you fail to plan, you plan to fail.
  • #24,209
  • Jan 26, 2017 12:35pm Jan 26, 2017 12:35pm
Quoting Mr. Pip
Looks like I had it right but taken by a few. Still makes me happy even though my day's outcome wasn't optimal that my analysis was correct in a very difficult market. Another testament to the skill set and the impotence of letting price speak to you.
i'm learning a lot by you. previously i wouldn't take trade against long term trend...but now i see how u see strength and weakness and don't worry too much whether it is with or against long term...

btw , i locked in +17, but don't i'm not sure if that is going to survive. there is strong support zone i think.
Attached Image (click to enlarge)
Click to Enlarge Name: YM 03-17 (233 Tick) 26_01_2017_trade progression 3.jpg Size: 63 KB
  • #24,210
  • Jan 26, 2017 12:36pm Jan 26, 2017 12:36pm
and stop filled, +17 for the day. see u tomorrow.
  • #24,211
  • Jan 26, 2017 1:24pm Jan 26, 2017 1:24pm
Quoting ujku80
and stop filled, +17 for the day. see u tomorrow.
Nice!!!
  • #24,212
  • Jan 26, 2017 1:32pm Jan 26, 2017 1:32pm
Quoting Mack2013
{quote} Nice!!!
thx Mack how are u doing?
  • #24,213
  • Edited 2:03pm Jan 26, 2017 1:46pm | Edited 2:03pm
Quoting Mack2013
US30 -62T Heres my road map for this morning (or your afternoon). Waiting for Price to come to me. Good luck Mr.pip. definately in battle ground territory. weakening Bears should be good for the Bulls tho, long term Chart.png;2158457 {image}
US30 - 62T (+25)

Lots of confluence on my entry.

  1. Demand area
  2. 1 to 1
  3. 3 drives (weaker leg of 1 to 1)
  4. Channel
  5. 61.8 of main swing
  6. gartley in the complex correction

Entry: Took an aggressive entry on some rejection. At first I thought this was way too early and expected some pain
Exit: Originaly I was trailing my stops under decision candles but Price was at my target and I wanted to see some conviction that price wanted to go higher otherwise I expected longs to take profit. I didn't get what I wanted so manually exited. Maybe the wrong decsion but only time will tell.

Attached Image (click to enlarge)
Click to Enlarge Name: Chart 5.png Size: 95 KB
  • #24,214
  • Jan 26, 2017 1:55pm Jan 26, 2017 1:55pm
Quoting ujku80
{quote} thx Mack how are u doing?
pretty good. thinking a lot better about my trades and trying my best at being disciplined. not as active as I would like to be. Usually I only get 2 days a week to trade. Too many responsibilities require my attention. I'm lucky to get 1 set up a day since I trade the afternoons. Not ideal and a little tricky especially later in the session.

You seem to be doing well. Your charts are still cleaner then mine and more to the point. I tend to ramble on. hahaha!
  • #24,215
  • Jan 26, 2017 2:31pm Jan 26, 2017 2:31pm
Quoting Mack2013
{quote} US30 - 62T (+25) Lots of confluence on my entry. Demand area 1 to 1 3 drives (weaker leg of 1 to 1) Channel 61.8 of main swing gartley in the complex correction Entry: Took an aggressive entry on some rejection. At first I thought this was way too early and expected some pain Exit: Originaly I was trailing my stops under decision candles but Price was at my target and I wanted to see some conviction that price wanted to go higher otherwise I expected longs to take profit. I didn't get what I wanted so manually exited. Maybe the wrong decsion...
Nice trade. Congrats
  • #24,216
  • Jan 26, 2017 2:46pm Jan 26, 2017 2:46pm
Quoting evocpr19
{quote} Nice trade. Congrats
thank you. I hope the day was nice to you
  • #24,217
  • Jan 26, 2017 2:46pm Jan 26, 2017 2:46pm
Quoting Mack2013
{quote} pretty good. thinking a lot better about my trades and trying my best at being disciplined. not as active as I would like to be. Usually I only get 2 days a week to trade. Too many responsibilities require my attention. I'm lucky to get 1 set up a day since I trade the afternoons. Not ideal and a little tricky especially later in the session. You seem to be doing well. Your charts are still cleaner then mine and more to the point. I tend to ramble on. hahaha!
I like your structure. Pretty much how i saw it developed. I went long on the ES at the same time the YM made a double tap on support near the 20000 area a few minutes before 10:00am ET.

Attached Image (click to enlarge)
Click to Enlarge Name: YM_20170126.png Size: 115 KB
  • #24,218
  • Jan 26, 2017 2:50pm Jan 26, 2017 2:50pm
Quoting Mack2013
{quote} US30 - 62T (+25) Lots of confluence on my entry. Demand area 1 to 1 3 drives (weaker leg of 1 to 1) Channel 61.8 of main swing gartley in the complex correction {image}
whoa...the only thing missing in your list is ...hm...let me think....screw banks and wall street - I'm going to rob you. hehe

u know, my grocery list is shorter than that . btw, now that my family is in another part of the country...it's mainly...smth eatable + beer ()

I'm also not so active. Working in this new job is a bit more demanding...and i trade while i'm cooking smth in my kitchen. one eye at the chart one at the pan... oh well.

GL and all the best
  • #24,219
  • Jan 26, 2017 2:53pm Jan 26, 2017 2:53pm
Quoting Mack2013
{quote} pretty good. thinking a lot better about my trades and trying my best at being disciplined. not as active as I would like to be. Usually I only get 2 days a week to trade. Too many responsibilities require my attention. I'm lucky to get 1 set up a day since I trade the afternoons. Not ideal and a little tricky especially later in the session. You seem to be doing well. Your charts are still cleaner then mine and more to the point. I tend to ramble on. hahaha!
No, i think you're doing so much better now. your analysis is good. But i'm improving too, watching Damian trading live and showing his thinking. so. still a long way to go, but no so long actually.
  • #24,220
  • Jan 26, 2017 3:02pm Jan 26, 2017 3:02pm
Quoting ujku80
{quote} whoa...the only thing missing in your list is ...hm...let me think....screw banks and wall street - I'm going to rob you. hehe u know, my grocery list is shorter than that . btw, now that my family is in another part of the country...it's mainly...smth eatable + beer () I'm also not so active. Working in this new job is a bit more demanding...and i trade while i'm cooking smth in my kitchen. one eye at the chart one at the pan... oh well. GL and all the best
hilarious
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