Ratios & Harmonics: a Different Way to Trade

A lot less momentum in this swing up so the bears should be able to defend but unless they come in strong I'm still in the market for longs.

Let's see if price can get to the low 160 news is out but nothing yet

Did not get the rotation and it was slightly higher then I was willing to take on the risk. Let's see if the bears can help me get better pricing. See how I was able to anticipate the bears being able to defend and how I used the order flow to understand this

I want the low 160 have to be patient. Volume slightly increase on the bears this is understandable because of the context. Market is having difficulty continuing going up which makes longs cash out at structure. This also invites some undecided traders to get short. I need the risk reward to be right. If I miss it I miss it.

Patience and discipline. I will not repeat yesterday.

Super important area. To tell us if there are still any sellers and how committed they are to stop the bulls. Non the less the intraday has spoken and I was right on my analysis and process but price never came to my area of interest. That is OK with me as I have validated that I am 100 on my process and on my plan.

So I can only be thrilled about that.

Projection and momentum are increasing so no shorts on the completions of the ABCD and waiting for the corrections into the next expectation.

There were plenty of tunnel vision reasons to look for shorts and falling for the same traps as yesterday but staying on task and disciplined I was able to avoid a repeat of that. This is how we bounce back from a tough prior session. It's not about taking trades to make up the losses. It's about grounding yourself to your plan an process. and the losses will disappear in time.

Is there value here Traders?

Another ABCD on a slightly arger scale but momentum and projection increasing even though the overall momentum on the larger pattern that completes higher is way less.

Yes definitely.

I would have been tempted to go short at supply level to test the lows. We did not reach really the lows, but made a 1:1 down.

Indeed real value, anyone can manage a winning trade/session, the real value lies in how we manage ourselves through the tough times imo.

Getting away from my process had me doing that yesterday all day. But the best this is how following the process today helped avoid that so not only is this great but it validates the process and the need to be disciplined enough to follow it. I am so glad this has happened today because it proves everything I say to be truth and self validating through the price action in real time and not a cherry picked chart.

This is an awesome thing for the new traders to see.

Indeed and not hide behind excuses and not posting the ugly. Not only will I post the ugly but I will break it down so we all including myself can learn from it.

Just because I am extremely successful at what I do I have stupid days too like every other trader out there that is a true professional and lives off of this business.

It's even more important not to allow the bad days or the undisciplined days become a longer term problem. You have to be able to catch it and kill it as soon as possible before it becomes a serious problem.

The best way is to revisit bad sessions and see where the mistakes were.

NQ +7.5

Weak rotation on two candles but in the right area will wait for more information. I'm still in the market for longs and the order flow has continued to strength in that direction.

Well done!

Remember the live stream on the 21 of this month I will post the link in here the day of around 0900 eastern time. Live Q&A and live trading

This would be tempting but too much back and forth. Weakness and no commitment. Let's see if be can get better pricing for better RR. Somewhere around mid to low 180

Long, that last bearish candle was nasty though!