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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

  • #24,381
  • Jan 30, 2017 8:06am Jan 30, 2017 8:06am
Quoting evocpr19
{quote} Hope that you have another screen. I have the scene from an another angle: https://www.youtube.com/watch?v=vZRyRRIAd_E
If you fail to plan, you plan to fail.
  • #24,382
  • Jan 30, 2017 8:09am Jan 30, 2017 8:09am
Quoting ujku80
{quote} some comments regarding todays entry shorts... {image}
Sometimes she just won't go. I will so you all today at some point how to work these areas and also why I switch sides and then started looking for longs. It's important to not only have expectations but to also understand what needs to be achieved and by who. This will help you understand if you need to stop chasing a lost cause or switch teams.
If you fail to plan, you plan to fail.
  • #24,383
  • Jan 30, 2017 8:11am Jan 30, 2017 8:11am
Quoting ujku80
{quote} well, to tell u the truth i always look for the long term order flow and all too often i assume that this level should hold, that zone it's strong etc etc and i loose trades. Damian on the other hand, while keeping those zones in check, trades with strength (against weakness) focusing on the present order flow. If all the world thinks that market is bullish, Damian (and Rocky for that matter) are just following "their" immediate term order flow. win win, loose loose...u know. and that's it. the rest is history which later on (one day after...
Thank you!
If you fail to plan, you plan to fail.
  • #24,384
  • Jan 30, 2017 8:13am Jan 30, 2017 8:13am
Quoting evocpr19
{quote} True, in my case it is more an up and down. There are days, I have a ckear picture of things and on other days it is a mess. Yesterday for example, I sticked to my plan to wait for price to come to me in the zone that I highlighted beforehand on my chart, since I want to get rid of impulsive trades. Today, price would not have reached the area where I would have taken the short. Maybe too conservative approach. I am thankfull to Damian for investing in us, but also to all others for posting information/ideas/trades in live,....
That will happen sometimes price just does not get to where you want it and you end up not taking entry. I'm ok with that. I don't have to have a trade every day. I rather take one on my terms then on the markets.
If you fail to plan, you plan to fail.
  • #24,385
  • Jan 30, 2017 8:16am Jan 30, 2017 8:16am
Quoting Mr. Pip
{quote} Thank you!
no, Thank You!
  • #24,386
  • Jan 30, 2017 8:16am Jan 30, 2017 8:16am
Quoting kelvinyun
Hi Damian, and everyone else.. What do you make of this? The new expectation is a NSH? I'm lost, not sure what to expect in this scenario. Except one thing is clear, it's in a very strong confluence zone. In situation like this, is it better not to trade? Untitled.jpg;2161092 {image}
NSL and NSH within the same swing are a pretty good indication that ranging price action is likely into the future. The important thing is to take a step back and assess the general order flow letting momentum, projection and depth help you assess who is gaining strength and who is losing it. Sometime the answers are in the shorter term order flow.
If you fail to plan, you plan to fail.
  • #24,387
  • Jan 30, 2017 8:31am Jan 30, 2017 8:31am
Hello Traders, I will catch up later on today I do want to address the charts that were posted and the great answer that were given. I wanted to take you deeper into it though and I plan on doing that later on today.

Today we have a bearish market with an expectation of a NSL
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If you fail to plan, you plan to fail.
  • #24,388
  • Jan 30, 2017 8:40am Jan 30, 2017 8:40am
Initial response from the market was to produce another NSL looking to price to climb off of this area let's see if the price gets to the 950 area
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If you fail to plan, you plan to fail.
  • #24,389
  • Jan 30, 2017 8:45am Jan 30, 2017 8:45am
Wow some strange volatility right now.
If you fail to plan, you plan to fail.
  • #24,390
  • Jan 30, 2017 8:45am Jan 30, 2017 8:45am
whoa...that was with the speed of light. let's see if it comes back to 925 for a nice short.
  • #24,391
  • Jan 30, 2017 8:49am Jan 30, 2017 8:49am
Careful out there guys the market is dangerous today.
If you fail to plan, you plan to fail.
  • #24,392
  • Jan 30, 2017 8:49am Jan 30, 2017 8:49am
NQ +10.75

Switching to NQ for the time being.

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  • #24,393
  • Jan 30, 2017 8:55am Jan 30, 2017 8:55am
Short there are buyers around ans the rotation sucked but I did not want to get too expensive of a rotation and hurt the RR
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If you fail to plan, you plan to fail.
  • #24,394
  • Jan 30, 2017 8:57am Jan 30, 2017 8:57am
Buyers still messing with me let's see if we get imbalance.
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If you fail to plan, you plan to fail.
  • #24,395
  • Jan 30, 2017 9:00am Jan 30, 2017 9:00am
See some sellers coming in now
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If you fail to plan, you plan to fail.
  • #24,396
  • Jan 30, 2017 9:03am Jan 30, 2017 9:03am
Buying pressure indicates there are willing buyers around hopefully the sellers can overcome the buying
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If you fail to plan, you plan to fail.
  • #24,397
  • Jan 30, 2017 9:06am Jan 30, 2017 9:06am
My bears are struggling a bit here. Come on bears!!!
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If you fail to plan, you plan to fail.
  • #24,398
  • Jan 30, 2017 9:07am Jan 30, 2017 9:07am
Quoting Mr. Pip
My bears are struggling a bit here. Come on bears!!! {image}
Looks better now.
  • #24,399
  • Jan 30, 2017 9:08am Jan 30, 2017 9:08am
Doing better now but need to get into the 70 to make me feel betted
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If you fail to plan, you plan to fail.
  • #24,400
  • Jan 30, 2017 9:12am Jan 30, 2017 9:12am
Crazy price action got taken out as I typed
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If you fail to plan, you plan to fail.
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