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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

  • #24,501
  • Jan 31, 2017 10:29am Jan 31, 2017 10:29am
Volume continues to be good Now I need trice to get past 750. The bulls should try something here but hopefully it will be nothing much
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If you fail to plan, you plan to fail.
  • #24,502
  • Jan 31, 2017 10:33am Jan 31, 2017 10:33am
Bulls trying to make a move. Bears need to shit on them.
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If you fail to plan, you plan to fail.
  • #24,503
  • Jan 31, 2017 10:34am Jan 31, 2017 10:34am
Update
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If you fail to plan, you plan to fail.
  • #24,504
  • Jan 31, 2017 10:36am Jan 31, 2017 10:36am
There is lots of support around here but I've locked in 25 points.
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If you fail to plan, you plan to fail.
  • #24,505
  • Jan 31, 2017 10:40am Jan 31, 2017 10:40am
Quoting jmezz
{quote} Screenshot1.png;2164932 {image}
I don't like taking chances but I noticed the minor structure (your green line) and a part of me was sure that I shouldn't put my stop there because price would "test my entry" (that's how I like to call this situations) but I didn't want to break my trade management rules.
My logic with entering on pullback against my trigger is that...either way I would've entered the trade because I got a signal ..at least get a better price.


Quoting jmezz
NQ +4.25 Quick bounce off the 113. Chickened out of the following long setup. Screenshot2.png;2165248 {image}
Nice timing with both entry and exit.

Btw.. have you checked your PM inbox ?
  • #24,506
  • Jan 31, 2017 10:40am Jan 31, 2017 10:40am
I might not survive here yeah got taken for +25 But I needed to protect profit and break rules not because the first trade lost but because this area has good longer term support.

So second trade erased the first lost and gave an extra +5. I'm pleased with that. Next!
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If you fail to plan, you plan to fail.
  • #24,507
  • Jan 31, 2017 10:49am Jan 31, 2017 10:49am
Took a short on the NQ (last trade), +43 for the day. (the first two trades are my other method), the last is closer to Mr. Pips (which is def. better)
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  • #24,508
  • Jan 31, 2017 10:51am Jan 31, 2017 10:51am
Quoting Forexgineer
Took a short on the NQ (last trade), +43 for the day. (the first two trades are my other method), the last is closer to Mr. Pips (which is def. better) {image}
Nice work!
If you fail to plan, you plan to fail.
  • #24,509
  • Jan 31, 2017 10:58am Jan 31, 2017 10:58am
We are starting to see signs of an oversold market by some breakdown in in the order flow. Projection is weakening and depth is increasing. Decent area to sell but I have to go eat lunch do some groceries and pick up the tiny in school so I might let this pass.
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If you fail to plan, you plan to fail.
  • #24,510
  • Jan 31, 2017 11:04am Jan 31, 2017 11:04am
Remember context and who should defend what. In an over sold market the buyers are likely to defend their areas much easier and we need to be careful.
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If you fail to plan, you plan to fail.
  • #24,511
  • Jan 31, 2017 11:07am Jan 31, 2017 11:07am
In these situations we can allow the rotation to occur let the bulls defend if they can and see if they look like crap on the defense. Then search for a better priced or equally priced entry as the one you would have gotten. See what I mean. We are smart empowered traders and know where danger is to avoid some traps.
Attached Image (click to enlarge)
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If you fail to plan, you plan to fail.
  • #24,512
  • Jan 31, 2017 11:12am Jan 31, 2017 11:12am
See you all later I will catch up and hopefully make that short video. Good day today slow month but traded very well 27 trades and 2 loses 92.5% win rate. I've got to be happy about that!
If you fail to plan, you plan to fail.
  • #24,513
  • Jan 31, 2017 11:17am Jan 31, 2017 11:17am
Quoting kelvinyun
{quote} Reading through most of the post, most of us have to make a choice when price moves favorably with us: 1) Protect the trade by moving SL to BE -> getting stopped out and missing the major move. -> already earned X pips, but giving it back to BE+small pips... 2) closing the trade after making X pips -> then missing out on major move. 3) never moving SL -> and getting stopped out! Of the three options, seems like the first option is still the best. My third trade today was TERRIBLE. Price moved favorably, and I did not shift SL to BE. I went...

Well, in that case, I was too aggressive at moving to BE. Should have gave it a little more room ( one or two candles ). But juriFX was actually right ! the profit was on the other side, so ... good catch.

Then I did two more trades, one that started going favorable to me, but did a U-Turn and good that I manage to close it on profit. Weird, the other trade I did, started going very badly, but ended profitable.

One never knows.
  • #24,514
  • Edited 12:03pm Jan 31, 2017 11:42am | Edited 12:03pm
Currently long on YM (+12), entry protected.

Edit: Taken out for +7.5
  • #24,515
  • Jan 31, 2017 12:18pm Jan 31, 2017 12:18pm
Quoting Mr. Pip
Bulls trying to make a move. Bears need to shit on them. {image}
Lol

Hope they do it
  • #24,516
  • Edited 12:33pm Jan 31, 2017 12:22pm | Edited 12:33pm
Mr. Pip. Ived noticed that almost every day they will be trading opportunity on YM , where is not the same case for one currency example EUR/USD. is its something related to YM characters?. Im sure one of the reason is your great experience to find trades every day at YM
  • #24,517
  • Jan 31, 2017 12:44pm Jan 31, 2017 12:44pm
Quoting marwan71
Mr. Pip. Ived noticed that almost every day they will be trading opportunity on YM , where is not the same case for one currency example EUR/USD. is its something related to YM characters?. Im sure one of the reason is your great experience to find trades every day at YM
I'd say that one of the reasons is because there are a lot more bars being printed on a 233 tick chart as opposed to a time based chart . To get the same amount of bars on a time based chart you would have to watch a 30 second or 1 minute chart.
I noticed the difference when I switched from spot fx to futures. And I never want to go back to trading time based charts with this method.
  • #24,518
  • Jan 31, 2017 12:51pm Jan 31, 2017 12:51pm
Quoting x3m-PippiN
{quote} I'd say that one of the reasons is because there are a lot more bars being printed on a 233 tick chart as opposed to a time based chart . To get the same amount of bars on a time based chart you would have to watch a 30 second or 1 minute chart. I noticed the difference when I switched from spot fx to futures. And I never want to go back to trading time based charts with this method.
Thanks A lot , great explanation , I will consider trading then futures from next month . Thanks
  • #24,519
  • Jan 31, 2017 12:57pm Jan 31, 2017 12:57pm
NQ +4.25, +.25, +1.75 = +6.25

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  • #24,520
  • Jan 31, 2017 12:59pm Jan 31, 2017 12:59pm
Last one for the day, YM, +29 ticks
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