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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

  • #24,341
  • Jan 27, 2017 10:38am Jan 27, 2017 10:38am
Quoting x3m-PippiN
{quote} What about moving your stop to BE? PA tested the NSL... you could've easily moved it to BE. I think it's reasonable considering you work with tight stops. Haven't taken a trade on YM although price reacted very nicely to the median line ... it got slapped 4 times LOL. There's pressure from both sides and PA is too choppy for my liking. Screenshot1.png;2160051 Took two trades on 6J during the European session.. one loss ( -18 ticks ) and one win ( + 22 ticks ). The losing trade was a mistake on my part because I was looking at the wrong TF...
I did think about it but also sort of expected a bounce off that area and decided if price went to my stop then I was wrong.
If the price would have moved beyond the low then I was going to move to breakeven as then if price reversed from there all the way up to my entry then it would no longer be a trade I wanted to be in.
Oh Crap I've done it again
  • #24,342
  • Jan 27, 2017 10:39am Jan 27, 2017 10:39am
Happy trading for the rest of the day everyone.

Duty calls.
Oh Crap I've done it again
  • #24,343
  • Jan 27, 2017 10:42am Jan 27, 2017 10:42am
NU . 20 Pips + green .
was two pips from the target
chart with explanation
Attached Image (click to enlarge)
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  • #24,344
  • Jan 27, 2017 10:54am Jan 27, 2017 10:54am
Today 3 trades .
20 + 23+ (-5) total 38 pips green
the -5 should be breakeven but i forgot to move my stop when it reach breakeven level at 38% , was not monitoring it
  • #24,345
  • Jan 27, 2017 11:10am Jan 27, 2017 11:10am
Quoting marwan71
Today 3 trades . 20 + 23+ (-5) total 38 pips green the -5 should be breakeven but i forgot to move my stop when it reach breakeven level at 38% , was not monitoring it
Very nice!
If you fail to plan, you plan to fail.
  • #24,346
  • Jan 27, 2017 11:19am Jan 27, 2017 11:19am
Quoting Mr. Pip
{quote} Hello Andres, Your chart shows an expectation of a NSL with price consolidating into a complex correction which at the moment is looking to test the upper trend line. I would be more actively looking to sell vs buying and perhaps waiting for the short term to produce a NSL may add some confirmation of realignment between the shorter and longer term order flow. Next time I want you to paint me the picture like I have and ask your question. It helps me see where you are at and what and how to address your answer. Thanks for posting.

Sure, Ill try to catch up with you guys, was wondering why you chose 233 tick not more, nor less?

Andres
  • #24,347
  • Jan 27, 2017 11:26am Jan 27, 2017 11:26am
Quoting andddres1
{quote} Sure, Ill try to catch up with you guys, was wondering why you chose 233 tick not more, nor less? Andres

Because it moves well for intraday trades. The 144 tick chart is a bit fast and the higher TF are slower. I also think that the 233 tick chart is one of the most famous fibonacci related chart.

Btw not sure if you know but 233 is a fibonacci number. Chart timeframes with fibonacci numbers are often used in futures and stocks.
  • #24,348
  • Jan 27, 2017 11:33am Jan 27, 2017 11:33am
Quoting Mr. Pip
{quote} Very nice!
Thanks . im your student
  • #24,349
  • Jan 27, 2017 11:40am Jan 27, 2017 11:40am
Quoting andddres1
{quote} Sure, Ill try to catch up with you guys, was wondering why you chose 233 tick not more, nor less? Andres
When i trade I like to see the long term order flow the intraday and the shorter term or immediate order flow. The 233T in my opinion shows me the three while allowing me to stay focused on the intraday. If you drop to the 144 or even the 89 you start to lose the bigger picture and see more or the short term. The opposite happens if you go to the 377 or the 610. If you next question is why these numbers is because they are Fibonacci sequence numbers and I am huge on Fibonacci and so is market harmonic patterns.
If you fail to plan, you plan to fail.
  • #24,350
  • Jan 27, 2017 11:41am Jan 27, 2017 11:41am
Quoting x3m-PippiN
{quote} Because it moves well for intraday trades. The 144 tick chart is a bit fast and the higher TF are slower. I also think that the 233 tick chart is one of the most famous fibonacci related chart. Btw not sure if you know but 233 is a fibonacci number. Chart timeframes with fibonacci numbers are often used in futures and stocks.
i did not know all that. Thank you about the numbers being used more on Futures and Stocks
If you fail to plan, you plan to fail.
  • #24,351
  • Jan 27, 2017 11:43am Jan 27, 2017 11:43am
Quoting marwan71
{quote} Thanks . im your student
I'm happy you are finding the lessons helpful.
If you fail to plan, you plan to fail.
  • #24,352
  • Jan 27, 2017 11:48am Jan 27, 2017 11:48am
Quoting jmezz
{quote} Screenshot1.png;2159737 {image}
I totally agree. Good job X3M
  • #24,353
  • Jan 27, 2017 12:10pm Jan 27, 2017 12:10pm
Not a lot movement today on YM. I am a bit lost with regard to the direction.
  • #24,354
  • Jan 27, 2017 12:23pm Jan 27, 2017 12:23pm
Quoting Mr. Pip
{quote} I'm happy you are finding the lessons helpful.
Hi Damian, I just came home. now i see what a stupid thing was to move my sl too soon. it would have been a nice profitable trade. anyway...btw i still see strength with the bears....am i right?

And regarding your lessons, they are simply priceless. can't match them with anything ever....keep posting here pls
  • #24,355
  • Jan 27, 2017 12:25pm Jan 27, 2017 12:25pm
EU now free trade . breakeven at 38% as per rule . target 61%
Attached Image (click to enlarge)
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  • #24,356
  • Jan 27, 2017 12:28pm Jan 27, 2017 12:28pm
Quoting marwan71
EU now free trade . breakeven at 38% as per rule . target 61% {image}
oh that looks like a nice trade. maybe u moved your SL too soon but, it seems that the bulls are coming with strength. GL
  • #24,357
  • Jan 27, 2017 12:40pm Jan 27, 2017 12:40pm
Thanks , you are right it hit my breakeven, the reaosn also why i moved it that its friday and market will close soon. and the swing it self is small so few pips might hit my breakeven and it did
  • #24,358
  • Jan 27, 2017 1:43pm Jan 27, 2017 1:43pm
Quoting evocpr19
Not a lot movement today on YM. I am a bit lost with regard to the direction.
The bears had all of the advantage but have seem to have lost most of it. Imbalance still is slightly on their side but the bull have been effective consuming a good part of those orders not allowing the bears to just run with it.
If you fail to plan, you plan to fail.
  • #24,359
  • Jan 27, 2017 1:47pm Jan 27, 2017 1:47pm
Quoting ujku80
{quote} Hi Damian, I just came home. now i see what a stupid thing was to move my sl too soon. it would have been a nice profitable trade. anyway...btw i still see strength with the bears....am i right? And regarding your lessons, they are simply priceless. can't match them with anything ever....keep posting here pls
You are but damage have been done and the bears have lost most of the tactical advantage they had. The bulls have been effective consuming the volume and although the imbalance scenario still slightly favors the bears the bull have done enough to have a say as to where price can go.

I'm heading to a friends wedding in a while but I will be somewhat mobile and definitely be able to post and answer questions.
If you fail to plan, you plan to fail.
  • #24,360
  • Jan 27, 2017 1:50pm Jan 27, 2017 1:50pm
Quoting evocpr19
Not a lot movement today on YM. I am a bit lost with regard to the direction.
You and me both Evo, pretty much confused this whole week lol.
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