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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

  • #25,681
  • Feb 19, 2017 8:32pm Feb 19, 2017 8:32pm
Quoting ReneMoretti
Hello Damian and co. I've been lurking around for some weeks now and i must say im thrilled! I find the content so damn interesting, that i cannot hide in the bush anymore. When the market opens on monday you'll see me contribute to the thread so i can be a part of the community. To the remaining lurkers. Disclose yourself, let Damian know he has a bigger audience so he'll keep doing this in the future, for the benefit of everyone. Have an awesome weekend folks Greetings from Denmark
Awesome! Thank you for stepping g out. Now we can get to work. Looking forward to reading your post.
If you fail to plan, you plan to fail.
  • #25,682
  • Feb 20, 2017 12:00am Feb 20, 2017 12:00am
Dear Damian,

Which expectation should I base on?

If use blue swing, then expectation is NSL, and we are in a complex correction.

If use red swing, then expectation is a NSH.

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  • #25,683
  • Feb 20, 2017 1:24am Feb 20, 2017 1:24am
UC near the zone
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  • #25,684
  • Feb 20, 2017 2:06am Feb 20, 2017 2:06am
Quoting marwan71
UC near the zone {image}
hi.. i noted that you liked 618 a lot
  • #25,685
  • Feb 20, 2017 2:31am Feb 20, 2017 2:31am
Yes

Better to be in safe side , but as per expectation , order flow and structure area we can trade other level too like 38% , but i always find analysis that match 61 level

Now im also observing trading based on expectation , order flow and structure and bar by bar confirmation more than focusing on fib levels as I can see I miss sometimes good trades coming to the zone but they fly away
  • #25,686
  • Feb 20, 2017 2:33am Feb 20, 2017 2:33am
UC near the zone
Again 61 level
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  • #25,687
  • Feb 20, 2017 2:33am Feb 20, 2017 2:33am
Quoting kelvinyun
Dear Damian, Which expectation should I base on? If use blue swing, then expectation is NSL, and we are in a complex correction. If use red swing, then expectation is a NSH. {image}
Why not use both?
You can trade the shorter ordeflow and be aware of the larger one. You know that after price breakdown in the longer term the expectation of a NSL has weakened and you are most likely to get a deep correction.
If the orderflow in the short term suggests strengthening of the bulls why not use that knowledge to try and capitalise on it?
My 0.02$...
  • #25,688
  • Feb 20, 2017 2:37am Feb 20, 2017 2:37am
Quoting x3m-PippiN
{quote} Why not use both? You can trade the shorter ordeflow and be aware of the larger one. You know that after price breakdown in the longer term the expectation of a NSL has weakened and you are most likely to get a deep correction. If the orderflow in the short term suggests strengthening of the bulls why not use that knowledge to try and capitalise on it? My 0.02$...
Good answer , As i do the same too , what really decide that this order flow will be good to take it is if i can protect my trade to breakeven or not and if it has good R:R atleast 1:2 or one and half
  • #25,689
  • Feb 20, 2017 3:18am Feb 20, 2017 3:18am
Good morning traders, Happy Monday from the UK

AU is setting up for a realignment of order flow to the bull side in line with longer expectation of a NSH

we have completed a harmonic pullback into the 6178 zone and supres, and have printed a HL HH

I'm now looking for a rotation close to the 6178 of this recent upleg to enter long
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Bulls nor Bears may hide their intent.
  • #25,690
  • Feb 20, 2017 3:54am Feb 20, 2017 3:54am
Quoting wigtrade
Good morning traders, Happy Monday from the UK AU is setting up for a realignment of order flow to the bull side in line with longer expectation of a NSH we have completed a harmonic pullback into the 6178 zone and supres, and have printed a HL HH I'm now looking for a rotation close to the 6178 of this recent upleg to enter long {image}
Today is a holiday in the USA so be careful.
Play the hand you were dealt.
  • #25,691
  • Feb 20, 2017 4:04am Feb 20, 2017 4:04am
Quoting Maule
{quote} Today is a holiday in the USA so be careful.
good point and thanks for the reminder, I am only trading London hours today to let our friends across the pond have their day off in peace
Bulls nor Bears may hide their intent.
  • #25,692
  • Feb 20, 2017 4:41am Feb 20, 2017 4:41am
Expectation is that Euro will go to the green Zone , there I would look for a short entry. Since the US is on holiday it could well happen tomorrow.
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  • #25,693
  • Feb 20, 2017 4:43am Feb 20, 2017 4:43am
we've printed HH in immediate order flow, strong rotation but I don't like the RR here I prefer to enter as close to the 618 as possible at least

I'll prefer to pass up on this entry and wait for a better entry around 7675-7670
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  • #25,694
  • Feb 20, 2017 5:32am Feb 20, 2017 5:32am
great rotation much better RR I'm in long here
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  • #25,695
  • Feb 20, 2017 7:05am Feb 20, 2017 7:05am
Quoting kelvinyun
Dear Damian, Which expectation should I base on? If use blue swing, then expectation is NSL, and we are in a complex correction. If use red swing, then expectation is a NSH. {image}
Good Day,

The bulls have not been too impressive in taking price up. You should start seeing the get more engages near this structure area. I would trade the longer term blue swing. In this particular case.
If you fail to plan, you plan to fail.
  • #25,696
  • Feb 20, 2017 7:06am Feb 20, 2017 7:06am
Quoting x3m-PippiN
{quote} Why not use both? You can trade the shorter ordeflow and be aware of the larger one. You know that after price breakdown in the longer term the expectation of a NSL has weakened and you are most likely to get a deep correction. If the orderflow in the short term suggests strengthening of the bulls why not use that knowledge to try and capitalise on it? My 0.02$...
This is another good option.
If you fail to plan, you plan to fail.
  • #25,697
  • Feb 20, 2017 7:17am Feb 20, 2017 7:17am
Okay Traders, I will not be around much today. I have a fun day with my daughter. I will be in and out via mobile to check in and answer questions. Tomorrow is the live stream so we will look to capitalize from the market. Please post and enjoy your day. Remember the Futures markets close early around 1200 Eastern time. So don't get trapped.

I will be posting the link in the morning around 0900 Eastern time.
If you fail to plan, you plan to fail.
  • #25,698
  • Feb 20, 2017 7:55am Feb 20, 2017 7:55am
Quoting Mr. Pip
{quote} This is another good option.

Could you guys expand on this ? I think you are talking about being aggressive, and trade the HL after the NSL. Its a counter expectation move, what are the rules for those ?
  • #25,699
  • Feb 20, 2017 8:32am Feb 20, 2017 8:32am
Here is my second trade, Should say 2nd bad attempt. At a glance I can tell it looks rough.

I spotted the NSH and waited on the retrace, the rotation entry was from a 10 sec chart.

Was I looking at the correct NSH marked Main Swing or should I have been using the one marked 2nd NSH?
Using the 2nd would have produced a nice risk reward 1:3 .

I got stopped out as I moved my stop to BE. The swing before my entry looked very bearish and showed nice momentum.
With that in mind I wanted to protect myself fast.

Should have left it alone.

As always any guidance would be appreciated.

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  • #25,700
  • Feb 20, 2017 8:37am Feb 20, 2017 8:37am
Quoting pereiraalex
{quote} Could you guys expand on this ? I think you are talking about being aggressive, and trade the HL after the NSL. Its a counter expectation move, what are the rules for those ?
Well I had to go to another place and figure out to to draw on the chard but basically here is what I put together . You can trade longs until you reach the area of concern where the heavier sellers might be. And price is pretty much there. Hopefully the chart help.

https://www.tradingview.com/x/BcY77zbV/
If you fail to plan, you plan to fail.
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